WisdomTree U.S. SmallCap Dividend Fund
ALTAR
Score™
8.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
17.4x P/Sales
ratio
1.0x
P/BV
ratio
1.4x Div.
yield
4.4%


  • 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) $1,447
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 651
Wgt avg mkt cap (mns) $1,712
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 36.3%
Small cap (<$2bn) 63.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ANTERO MIDSTREAM CORP. 2.3 %
EQUITRANS MIDSTREAM CORP. 2.2 %
B&G FOODS INC-CLASS A 1.7 %
CHEMOURS CO. 1.5 %
COGENT COMMUNICATIONS HOLDINGS INC 1.4 %
PATTERSON COS INC 1.1 %
ARTISAN PARTNERS ASSET MA -A 1.0 %
VIRTU FINANCIAL, INC. CLASS A 0.9 %
VECTOR GROUP LTD 0.8 %
MEDIFAST INC 0.8 %
Total 13.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.6 %
PUERTO RICO 0.3 %
CANADA 0.2 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-23.8% -18.5% 1.8% 7.8% 5.3%

Market Correlations
versus... Beta R-squared
S&P500 1.24 80%
MSCI EAFE 1.33 77%
MSCI Emg. Mkts. 0.92 61%

Technical Indicators
Recent close $22.26
30d moving avg. $21.26
Annualized volatility 23.8%
Short interest (ETF) 0.1%
Short interest (Underlying) 6.8%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 310
Turnover 0.5%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $4,944

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the WisdomTree U.S. SmallCap Dividend Fund 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™: 8.2%


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 ETF 42.5 60 -22 7.0 -1.3
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 39.0 38 0 8.5 +0.2
IWN iShares Russell 2000 Value ETF 36.6 24 14 6.9 -1.3
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 35.0 35 3 7.8 -0.4
EES WisdomTree SmallCap Earnings Fund 33.3 38 0 10.6 +2.4
FYX First Trust Small Cap Core AlphaDEX Fund 32.1 63 -25 6.3 -2.0
SLY SPDR S&P 600 Small Cap ETF 32.0 15 23 6.5 -1.7
SPSM SPDR Portfolio Small Cap ETF 32.0 5 33 6.7 -1.6
IJR iShares Core S&P Small Cap ETF 31.8 7 31 6.6 -1.7
VIOO Vanguard S&P Small-Cap 600 ETF 31.6 10 28 6.6 -1.6
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 31.4 35 3 7.9 -0.3
VTWV Vanguard Russell 2000 Value Index Fund 31.1 15 23 7.1 -1.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 29.7 20 18 4.9 -3.4
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 29.7 35 3 5.8 -2.4
PSC Principal U.S. Small Cap Index ETF 29.5 38 0 6.6 -1.7
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 29.2 29 9 6.0 -2.2
ISMD Inspire Small/Mid Cap Impact ETF 28.1 60 -22 6.0 -2.2
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 28.1 40 -2 6.3 -1.9
SLYV SPDR S&P 600 Small Cap Value ETF 28.0 15 23 8.5 +0.2
IJS iShares S&P Small-cap 600 Value ETF 28.0 25 13 8.4 +0.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 27.8 15 23 8.5 +0.2
IWM iShares Russell 2000 ETF 27.6 19 19 3.5 -4.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 27.5 29 9 4.7 -3.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 27.1 39 -1 4.0 -4.2
VTWO Vanguard Russell 2000 Index Fund 26.9 10 28 3.6 -4.7
FYT First Trust Small Cap Value AlphaDEX Fund 26.6 72 -34 9.7 +1.5
CSML IQ Chaikin U.S. Small Cap ETF 26.0 35 3 3.7 -4.5
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 25.4 12 26 7.3 -0.9
AVUV Avantis U.S. Small Cap Value ETF 24.8 25 13 8.4 +0.2
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 23.7 35 3 9.0 +0.8
SSLY Syntax Stratified SmallCap ETF 22.4 30 8 6.0 -2.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 22.3 25 13 6.2 -2.0
AFSM First Trust Active Factor Small Cap ETF 22.2 75 -37 5.3 -3.0
ROGS Hartford Multifactor Global Small Cap ETF 21.8 34 4 7.6 -0.6
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 21.5 30 8 7.2 -1.0
SLYG SPDR S&P 600 Small Cap Growth ETF 21.0 15 23 5.1 -3.2
IJT iShares S&P Small-Cap 600 Growth ETF 21.0 25 13 5.0 -3.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 21.0 16 22 5.0 -3.2
IUSS Invesco Strategic US Small Company ETF 20.6 23 15 5.2 -3.1
SCHA Schwab U.S. Small-Cap ETF 20.0 4 34 4.4 -3.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 19.4 39 -1 6.2 -2.1
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 19.1 29 9 0.0 -8.2
PSCF Invesco S&P SmallCap Financials ETF 17.1 29 9 11.0 +2.8
VBR Vanguard Small Cap Value Index Fund 16.9 7 31 8.1 -0.2
FYC First Trust Small Cap Growth AlphaDEX Fund 16.9 70 -32 1.8 -6.5
JKJ iShares Morningstar Small-Cap ETF 16.7 25 13 6.4 -1.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 16.5 6 32 5.0 -3.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 16.2 17 21 4.9 -3.4
XSLV Invesco S&P SmallCap Low Volatility ETF 15.8 25 13 5.8 -2.4
NUSC Nuveen ESG Small-Cap ETF 15.6 40 -2 4.9 -3.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 15.6 24 14 6.6 -1.7
IWO iShares Russell 2000 Growth ETF 15.4 24 14 -0.1 -8.3
VTWG Vanguard Russell 2000 Growth Index Fund 15.0 15 23 -0.0 -8.3
FSMD Fidelity Small-Mid Factor ETF 14.8 29 9 6.7 -1.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 14.7 39 -1 6.5 -1.7
BKSE BNY Mellon US Small Cap Core Equity ETF 14.1 4 34 5.8 -2.4
VFQY Vanguard U.S. Quality Factor ETF 13.7 13 25 5.8 -2.5
QABA First Trust NASDAQ ABA Community Bank Index Fund 13.6 60 -22 10.6 +2.4
VFMF Vanguard U.S. Multifactor ETF 13.6 19 19 6.8 -1.4
SQLV Legg Mason Small-Cap Quality Value 13.3 62 -24 7.4 -0.8
JKL iShares Morningstar Small Cap Value ETF 13.2 30 8 10.0 +1.7
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 13.0 20 18 4.6 -3.7
SMDV ProShares Russell 2000 Dividend Growers ETF 12.9 40 -2 6.4 -1.9
FAB First Trust Multi Cap Value AlphaDEX Fund 12.7 71 -33 9.7 +1.5
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 12.7 30 8 10.7 +2.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 12.4 40 -2 6.8 -1.4
VFLQ Vanguard U.S. Liquidity Factor ETF 12.3 14 24 4.5 -3.7
PXSG Invesco S&P SmallCap Momentum ETF 12.2 39 -1 4.7 -3.6
IWC iShares Micro-Cap ETF 12.0 60 -22 -3.5 -11.8
VB Vanguard Small-Cap ETF 11.6 5 33 5.2 -3.0
KRE SPDR S&P Regional Banking ETF 11.6 35 3 11.2 +3.0
IJJ iShares S&P Mid-Cap 400 Value ETF 11.3 25 13 8.2 -0.0
MDYV SPDR S&P 400 Mid Cap Value ETF 11.3 15 23 8.3 +0.0
IVOV Vanguard S&P Mid-Cap 400 Value ETF 11.3 15 23 8.3 +0.1
VFVA Vanguard U.S. Value Factor ETF 11.2 14 24 11.0 +2.7
IFRA iShares U.S. Infrastructure ETF 11.2 40 -2 5.7 -2.5
EZM WisdomTree U.S. MidCap Earnings Fund 10.9 38 0 8.8 +0.6
XSHQ Invesco S&P SmallCap Quality ETF 10.8 29 9 6.3 -2.0
VXF Vanguard Extended Market Index Fund 10.6 7 31 3.5 -4.7
XSVM Invesco S&P SmallCap Value with Momentum ETF 10.3 39 -1 9.5 +1.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 10.2 20 18 9.2 +1.0
RWK Invesco S&P MidCap 400 Revenue ETF 9.4 39 -1 7.7 -0.6
SMDY Syntax Stratified MidCap ETF 9.4 30 8 6.1 -2.2
JHSC John Hancock Multifactor Small Cap ETF 9.4 42 -4 5.6 -2.6
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 9.3 80 -42 5.1 -3.1
RZG Invesco S&P Smallcap 600 Pure Growth ETF 9.2 35 3 5.7 -2.6
RFV Invesco S&P Midcap 400 Pure Value ETF 9.1 35 3 9.8 +1.5
ROOF IQ US Real Estate Small Cap ETF 9.1 70 -32 11.2 +3.0
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 8.9 60 -22 7.9 -0.3
JSML Janus Henderson Small Cap Growth Alpha ETF 8.0 30 8 7.3 -0.9
BFOR Barron's 400 ETF 7.5 65 -27 6.1 -2.2
AFMC First Trust Active Factor Mid Cap ETF 7.4 65 -27 5.9 -2.3
RNMC Mid Cap US Equity Select ETF 7.3 60 -22 7.3 -1.0
VUSE Vident Core US Equity Fund 7.3 48 -10 7.5 -0.8
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 7.2 11 27 7.2 -1.0
TUSA First Trust Total US Market AlphaDEX ETF 7.1 70 -32 5.7 -2.5
PXMV Invesco S&P MidCap Value with Momentum ETF 7.0 39 -1 9.7 +1.4
FRI First Trust S&P REIT Index Fund 7.0 50 -12 6.8 -1.4
USRT iShares Core U.S. REIT ETF 6.9 8 30 7.3 -1.0
RZV Invesco S&P Smallcap 600 Pure Value ETF 6.8 35 3 7.8 -0.5

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

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

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.6 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.52
 
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.