WisdomTree Smallcap Dividend
ALTAR
Score™
7.2% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
15.8x P/Sales
ratio
0.8x
P/BV
ratio
1.7x Div.
yield
3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree SmallCap Dividend Fund seeks investment results that correspond to the WisdomTree SmallCap Dividend Index, which tracks small-capitalization companies that pay regular cash dividends.

FUND BASICS
Category US Equities
Fund Sponsor WisdomTree Investments Inc
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $2,148
Currency USD
Expense ratio 38 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Dividend
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 695
Wgt avg mkt cap (mns) $1,872
Large cap (>$10bn) 0.4%
Mid cap ($2-10bn) 40.1%
Small cap (<$2bn) 59.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VECTOR GROUP LTD 1.7 %
TERRAFORM POWER, INC. CLASS A 1.6 %
PATTERN ENERGY GROUP INC 1.5 %
SEMGROUP CORP-CLASS A 1.0 %
COGENT COMMUNICATIONS HOLDINGS INC 0.9 %
COVANTA HOLDING CORP 0.8 %
COMPASS MINERALS INTERNATION 0.8 %
DOMTAR CORP 0.7 %
PITNEY BOWES INC 0.7 %
HRG GROUP INC 0.7 %
Total 10.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.1 %
CANADA 0.4 %
PUERTO RICO 0.1 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
15.4% 4.2% 6.7% 12.5% 7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.12 65%
MSCI EAFE 0.88 34%
MSCI Emg. Mkts. 0.46 15%

Technical Indicators
Recent close $28.23
30d moving avg. $27.43
Annualized volatility 16.7%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.8%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 201
Turnover 0.3%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $6,150

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the WisdomTree Smallcap Dividend ETF based on the alternatives' overlap in portfolio holdings with DES. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DES Expense: 38 bp ALTAR Score™: 7.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DES
Ticker Fund
Name
Overlap1
vs DES
(%)
Expense
ratio
(bp)
Savings
vs DES
(bp)
ALTAR
Score™
(%)
ALTAR
vs DES
(%)
RNSC Small Cap US Equity Select 47.6 60 -22 6.1 -1.1
DGRS WisdomTree US Small Cap Dividend Growth 44.5 38 0 8.1 +0.9
DESC Xtrackers Russell 2000 Comprehensive Factor 37.7 30 8 6.4 -0.8
FYX First Trust Small Cap Core Alphadex 37.0 66 -28 5.6 -1.6
EES WisdomTree SmallCap Earnings 36.9 38 0 9.0 +1.9
ISMD Inspire Small/Mid Cap Impact 35.5 61 -23 4.6 -2.6
FLQS Franklin LibertyQ U.S. Small Cap Equity 35.0 35 3 6.2 -1.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity 34.6 29 9 4.2 -3.0
SLY SPDR S&P 600 Small Cap 34.2 15 23 5.8 -1.4
IJR iShares Core S&P Small-Cap 34.2 7 31 5.8 -1.4
CSF Compass EMP US Discovery 500 Enhanced Vol. 33.8 35 3 7.1 -0.1
VIOO Vanguard S&P Small-Cap 600 33.7 15 23 5.6 -1.5
IWN iShares Russell 2000 Value 33.6 24 14 6.2 -0.9
VTWV Vanguard Russell 2000 Value 33.1 20 18 6.3 -0.9
PRFZ Invesco FTSE-RAFI Small-Mid 1500 33.1 39 -1 4.6 -2.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity 33.0 20 18 5.4 -1.8
IWM iShares Russell 2000 32.8 19 19 3.7 -3.5
CSA Victory CEMP US Small Cap Volatility Wtd 32.5 35 3 7.1 -0.1
VTWO Vanguard Russell 2000 31.8 15 23 3.7 -3.5
EWSC Invesco S&P Small Cap 600 Equal Weight 31.5 40 -2 3.3 -3.9

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
WisdomTree Smallcap Dividend
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.0 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.67 CATEGORY
AVERAGE
1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.