WisdomTree U.S. SmallCap Dividend Fund
ALTAR
Score™		 12.0% info Recommen-
dation		 SPECULATIVE
2020E    2021E
P/E
ratio		 9.9x P/Sales
ratio		 0.6x
P/BV
ratio		 1.0x Div.
yield		 6.8%


  • 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) $1,310
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 734
Wgt avg mkt cap (mns) $1,310
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 18.4%
Small cap (<$2bn) 81.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
COGENT COMMUNICATIONS HOLDINGS INC 1.3 %
B&G FOODS INC-CLASS A 1.1 %
VECTOR GROUP LTD 0.9 %
ANTERO MIDSTREAM CORP. 0.9 %
VIRTU FINANCIAL, INC. CLASS A 0.8 %
TAUBMAN CENTERS INC 0.8 %
AVISTA CORP 0.8 %
SOUTH JERSEY INDUSTRIES 0.8 %
OLIN CORP 0.7 %
CHEMOURS CO. 0.7 %
Total 9.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
PUERTO RICO 0.3 %
CANADA 0.2 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-37.0% -32.6% -2.7% 5.7% 4.0%

Market Correlations
versus... Beta R-squared
S&P500 1.30 78%
MSCI EAFE 1.26 72%
MSCI Emg. Mkts. 0.93 56%

Technical Indicators
Recent close $18.02
30d moving avg. $21.64
Annualized volatility 22.3%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.8%
Relative strength (RSI) 33

Liquidity measures
Avg. volume (thou.) 784
Turnover 1.1%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $8,288

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™: 12.0%


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 47.2 60 -22 9.0 -3.1
VTWV Vanguard Russell 2000 Value Index Fund 39.3 15 23 9.8 -2.2
IWN iShares Russell 2000 Value ETF 39.2 24 14 9.7 -2.3
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 38.8 38 0 12.5 +0.5
EES WisdomTree SmallCap Earnings Fund 37.9 38 0 18.1 +6.1
CSA Victory CEMP US Small Cap Volatility Weighted Index ETF 37.8 35 3 10.9 -1.1
ISMD Inspire Small/Mid Cap Impact ETF 36.9 61 -23 7.1 -4.9
TPSC Timothy Plan US Small Cap Core ETF 36.3 52 -14 10.4 -1.7
FYX First Trust Small Cap Core AlphaDEX Fund 36.1 63 -25 8.5 -3.5
SLY SPDR S&P 600 Small Cap ETF 35.0 15 23 8.9 -3.1
IJR iShares Core S&P Small Cap ETF 35.0 7 31 9.0 -3.0
SPSM SPDR Portfolio Small Cap ETF 35.0 5 33 9.0 -3.0
VIOO Vanguard S&P Small-Cap 600 ETF 34.7 10 28 9.0 -3.0
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 32.2 40 -2 8.4 -3.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 32.1 39 -1 6.0 -6.1
SLYV SPDR S&P 600 Small Cap Value ETF 30.8 15 23 11.5 -0.5
IJS iShares S&P Small-cap 600 Value ETF 30.7 25 13 11.4 -0.6
VIOV Vanguard S&P Small-Cap 600 Value ETF 30.7 15 23 11.6 -0.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 30.6 29 9 8.0 -4.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 30.6 20 18 8.4 -3.7
VTWO Vanguard Russell 2000 Index Fund 30.3 10 28 5.5 -6.5
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 30.2 35 3 8.6 -3.4
IWM iShares Russell 2000 ETF 30.2 19 19 5.3 -6.7
PSC Principal U.S. Small Cap Index ETF 30.0 38 0 10.3 -1.7
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 29.6 39 -1 8.2 -3.9
FYT First Trust Small Cap Value AlphaDEX Fund 28.9 72 -34 12.8 +0.8
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 28.9 29 9 11.7 -0.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 27.2 12 26 9.8 -2.2
AVUV Avantis U.S. Small Cap Value ETF 26.7 25 13 13.0 +1.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 26.5 25 13 9.1 -3.0
CSB Victory CEMP US Small Cap High Dividend Volatility Wtd Idx E 25.3 35 3 11.7 -0.3
SCHA Schwab U.S. Small-Cap ETF 24.8 4 34 7.1 -5.0
ROGS Hartford Multifactor Global Small Cap ETF 23.7 34 4 11.0 -1.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 22.6 30 8 10.1 -1.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 22.5 39 -1 9.0 -3.0
IJT iShares S&P Small-Cap 600 Growth ETF 22.4 25 13 7.0 -5.0
SLYG SPDR S&P 600 Small Cap Growth ETF 22.4 15 23 7.1 -4.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 22.4 16 22 7.1 -4.9
IUSS Invesco Strategic US Small Company ETF 22.4 23 15 8.4 -3.6
VBR Vanguard Small Cap Value Index Fund 22.3 7 31 11.4 -0.7
JKJ iShares Morningstar Small-Cap ETF 22.3 25 13 8.6 -3.4
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 22.3 48 -10 8.5 -3.6
AFSM First Trust Active Factor Small Cap ETF 22.2 75 -37 10.0 -2.0
JKL iShares Morningstar Small Cap Value ETF 21.5 30 8 14.0 +2.0
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 20.5 29 9 0.0 -12.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 20.1 6 32 7.5 -4.5
XSLV Invesco S&P SmallCap Low Volatility ETF 19.6 25 13 10.8 -1.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 19.0 17 21 6.9 -5.2
IWO iShares Russell 2000 Growth ETF 18.2 24 14 1.5 -10.5
VTWG Vanguard Russell 2000 Growth Index Fund 18.2 15 23 1.7 -10.3
FYC First Trust Small Cap Growth AlphaDEX Fund 16.6 70 -32 3.5 -8.5
FSMD Fidelity Small-Mid Factor ETF 16.5 29 9 9.5 -2.6
PSCF Invesco S&P SmallCap Financials ETF 16.5 29 9 14.1 +2.1
NUSC Nuveen ESG Small-Cap ETF 16.0 40 -2 7.2 -4.8
VFQY Vanguard U.S. Quality Factor ETF 15.5 13 25 8.2 -3.8
FAB First Trust Multi Cap Value AlphaDEX Fund 15.2 71 -33 12.7 +0.6
VB Vanguard Small-Cap ETF 14.9 5 33 7.7 -4.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 14.7 24 14 10.4 -1.6
EWMC Invesco S&P MidCap 400 Equal Weight ETF 14.4 40 -2 9.2 -2.8
QABA First Trust NASDAQ ABA Community Bank Index Fund 13.8 60 -22 13.1 +1.1
VXF Vanguard Extended Market Index Fund 13.8 7 31 5.6 -6.4
MDYV SPDR S&P 400 Mid Cap Value ETF 13.5 15 23 11.4 -0.6
IJJ iShares S&P Mid-Cap 400 Value ETF 13.4 25 13 11.3 -0.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 13.4 15 23 11.5 -0.5
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 13.3 30 8 15.5 +3.5
SQLV Legg Mason Small-Cap Quality Value 13.2 62 -24 11.6 -0.4
VFMF Vanguard U.S. Multifactor ETF 13.0 18 20 10.4 -1.6
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 12.9 20 18 7.4 -4.6
IWC iShares Micro-Cap ETF 12.8 60 -22 -5.2 -17.2
VFVA Vanguard U.S. Value Factor ETF 12.6 13 25 15.5 +3.5
EZM WisdomTree U.S. MidCap Earnings Fund 12.3 38 0 13.0 +1.0
CSF Victory CEMP US Discovery Enhanced Volatility Weighted Idx E 12.3 35 3 10.9 -1.1
SCAP AdvisorShares Cornerstone Small Cap ETF 12.1 90 -52 7.6 -4.5
RWK Invesco S&P MidCap 400 Revenue ETF 11.5 39 -1 11.1 -0.9
PXSG Invesco S&P SmallCap Momentum ETF 11.3 39 -1 6.9 -5.1
SMDV ProShares Russell 2000 Dividend Growers ETF 11.2 40 -2 7.9 -4.1
VFLQ Vanguard U.S. Liquidity Factor ETF 11.1 13 25 5.2 -6.8
IFRA iShares U.S. Infrastructure ETF 11.0 40 -2 7.3 -4.7
RFV Invesco S&P Midcap 400 Pure Value ETF 10.9 35 3 15.5 +3.5
CSML IQ Chaikin U.S. Small Cap ETF 10.7 35 3 12.5 +0.5
FNK First Trust Mid Cap Value AlphaDEX Fund 10.6 70 -32 14.9 +2.9
SMDY Syntax Stratified MidCap ETF 10.6 30 8 8.7 -3.3
JHSC John Hancock Multifactor Small Cap ETF 10.4 50 -12 8.2 -3.8
RNMC Mid Cap US Equity Select ETF 10.1 60 -22 9.4 -2.6
XSHQ Invesco S&P SmallCap Quality ETF 10.1 29 9 7.6 -4.4
BUY USCF SummerHaven SHPEI Index Fund 10.0 80 -42 17.2 +5.2
KRE SPDR S&P Regional Banking ETF 10.0 35 3 14.9 +2.9
ROOF IQ US Real Estate Small Cap ETF 9.9 70 -32 13.7 +1.7
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 9.6 20 18 9.8 -2.3
XSVM Invesco S&P SmallCap Value with Momentum ETF 8.9 39 -1 14.9 +2.9
AFMC First Trust Active Factor Mid Cap ETF 8.8 65 -27 9.1 -2.9
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 8.8 11 27 8.6 -3.4
KSCD KFA Small Cap Quality Dividend Index ETF 8.7 51 -13 7.0 -5.0
USRT iShares Core U.S. REIT ETF 8.6 8 30 8.7 -3.3
FRI First Trust S&P REIT Index Fund 8.6 50 -12 8.3 -3.7
FNX First Trust Mid Cap Core AlphaDEX Fund 8.4 61 -23 9.5 -2.5
BFOR Barron's 400 ETF 8.1 66 -28 8.7 -3.3
VUSE Vident Core US Equity Fund 8.1 48 -10 10.5 -1.6
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 8.0 60 -22 12.2 +0.2
TUSA First Trust Total US Market AlphaDEX ETF 7.9 70 -32 8.9 -3.2

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 0.9 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 12.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.68 CATEGORY
AVERAGE		 1.51
 
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.