WisdomTree Global High Dividend Fund
ALTAR
Score™
8.6% info Recommen-
dation
SPECULATIVE
2021E    2022E
P/E
ratio
11.8x P/Sales
ratio
1.5x
P/BV
ratio
1.5x Div.
yield
4.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Global Equity Income Fund seeks investment results that correspond to the performance of the WisdomTree Global Equity Income Index. The Fund invests in high dividendyielding companies

FUND BASICS
Category Global Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $62
Currency USD
Expense ratio 58 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 504
Wgt avg mkt cap (mns) $95,960
Large cap (>$10bn) 85.5%
Mid cap ($2-10bn) 13.6%
Small cap (<$2bn) 0.3%
Developed mkts 89.2%
Emerging mkts 10.9%

TOP TEN HOLDINGS
AT&T INC 5.4 %
JPMORGAN CHASE & CO 3.7 %
VERIZON COMMUNICATIONS INC 3.4 %
PHILIP MORRIS INTERNATIONAL 2.7 %
ALTRIA GROUP INC 2.4 %
COCA-COLA CO/THE 2.4 %
CITIGROUP INC 2.3 %
ABBVIE INC 2.0 %
PFIZER INC 1.8 %
CISCO SYSTEMS INC 1.6 %
Total 27.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 56.7 %
JAPAN 5.3 %
BRITAIN 4.6 %
CANADA 4.2 %
AUSTRALIA 4.2 %
GERMANY 3.0 %
TAIWAN 2.7 %
CHINA 2.6 %
SWITZERLAND 2.2 %
HONG KONG 2.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
3.8% 10.0% 7.2% 4.0% 3.2%

Market Correlations
versus... Beta R-squared
S&P500 0.94 86%
MSCI EAFE 0.98 92%
MSCI Emg. Mkts. 0.80 75%

Technical Indicators
Recent close $44.41
30d moving avg. $44.11
Annualized volatility 18.7%
Short interest (ETF) 0.1%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.4%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $46,089

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 potential alternatives to the WisdomTree Global High Dividend Fund ETF based on the alternatives' overlap in portfolio holdings with DEW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DEW Expense: 58 bp ALTAR Score™: 8.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DEW
Ticker Fund
Name
Overlap1
vs DEW
(%)
Expense
ratio
(bp)
Savings
vs DEW
(bp)
ALTAR
Score™
(%)
ALTAR
vs DEW
(%)
DHS WisdomTree U.S. High Dividend Fund 45.1 38 20 8.2 -0.4
VYM Vanguard High Dividend Yield Index ETF 35.6 6 52 6.8 -1.8
VYMI Vanguard International High Dividend Yield ETF 34.7 27 31 9.0 +0.4
DTD WisdomTree U.S.Total Dividend Fund 34.5 28 30 6.4 -2.2
DLN WisdomTree U.S. LargeCap Dividend Fund 34.0 28 30 6.4 -2.2
JKF iShares Morningstar Large Cap Value ETF 32.3 25 33 6.9 -1.7
FDL First Trust Morningstar Dividend Leaders Index Fund 31.9 45 13 9.0 +0.4
VOOV Vanguard S&P 500 Value ETF 29.4 10 48 6.2 -2.4
MGV Vanguard Mega Cap Value ETF 28.1 7 51 6.6 -2.0
DFAI Dimensional International Core Equity Market ETF 28.0 18 40 6.2 -2.4
VTV Vanguard Value Index Fund 27.1 4 54 6.6 -2.0
GCOW Pacer Global High Dividend ETF 26.6 60 -2 9.9 +1.4
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 26.2 30 28 7.7 -0.9
DTH WisdomTree International High Dividend Fund 26.0 58 0 8.4 -0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 26.0 40 18 7.2 -1.4
DWM WisdomTree International Equity Fund 26.0 48 10 7.1 -1.5
DTN WisdomTree U.S. Dividend ex-Financials Fund 25.9 38 20 7.1 -1.5
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 25.8 35 23 7.5 -1.1
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 25.8 35 23 7.6 -1.0
FDRR Fidelity Dividend ETF for Rising Rates 25.7 29 29 6.1 -2.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 24.4 45 13 7.4 -1.2
SPYV SPDR Portfolio S&P 500 Value ETF 24.4 4 54 6.3 -2.3
IVE iShares S&P 500 Value ETF 24.4 18 40 6.1 -2.5
DURA VanEck Vectors Morningstar Durable Dividend ETF 24.3 29 29 8.2 -0.4
IUSV iShares Core S&P U.S. Value ETF 24.2 4 54 6.3 -2.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 23.6 20 38 9.5 +0.9
VONV Vanguard Russell 1000 Value Index Fund 23.2 8 50 6.1 -2.5
EFV iShares MSCI EAFE Value ETF 23.1 39 19 8.1 -0.5
DIVB iShares U.S. Dividend & Buyback ETF 22.9 25 33 6.0 -2.6
FNDF Schwab Fundamental International Large Co. Index ETF 22.8 25 33 7.5 -1.1
IWX iShares Russell Top 200 Value ETF 22.8 20 38 6.1 -2.5
SPYD SPDR S&P 500 High Dividend ETF 22.8 7 51 8.5 -0.1
BKIE BNY Mellon International Equity ETF 22.5 4 54 6.5 -2.1
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 22.0 75 -17 6.0 -2.6
DGRO iShares Core Dividend Growth ETF 22.0 8 50 6.4 -2.2
SCHF Schwab International Equity ETF 22.0 6 52 6.5 -2.1
SIXA 6 Meridian Mega Cap Equity ETF 21.8 82 -24 6.3 -2.3
SCHV Schwab U.S. Large-Cap Value ETF 21.8 4 54 6.1 -2.5
DOL WisdomTree International LargeCap Dividend Fund 21.5 48 10 7.1 -1.5
VLUE iShares MSCI USA Value Factor ETF 21.5 15 43 9.3 +0.7
IWD iShares Russell 1000 Value ETF 21.3 19 39 5.9 -2.6
PDEV Principal International Multi-Factor Core Index ETF 21.1 25 33 7.0 -1.6
IDEV iShares Core MSCI International Developed Markets ETF 21.0 5 53 6.3 -2.3
HDV iShares Core High Dividend ETF 20.8 8 50 6.4 -2.2
FDVV Fidelity Core Dividend ETF 20.8 29 29 6.1 -2.5
RAFE PIMCO RAFI ESG U.S. ETF 20.6 30 28 6.7 -1.9
VFVA Vanguard U.S. Value Factor ETF 20.3 14 44 8.2 -0.3
PWV Invesco Dynamic Large Cap Value ETF 20.3 56 2 7.0 -1.6
EFA iShares MSCI EAFE ETF 20.2 32 26 6.2 -2.4
VEA Vanguard FTSE Developed Markets ETF 20.2 5 53 6.5 -2.1
GSID Goldman Sachs MarketBeta International Equity ETF 20.1 20 38 6.2 -2.4
HFXI IQ 50 Percent Hedged FTSE International ETF 20.1 20 38 6.4 -2.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 20.0 35 23 6.0 -2.6
PRF Invesco FTSE RAFI US 1000 ETF 20.0 39 19 5.7 -2.9
REVS Columbia Research Enhanced Value ETF 20.0 19 39 7.0 -1.6
IXG iShares Global Financials ETF 19.9 46 12 8.3 -0.3
QDEF FlexShares Quality Dividend Defensive Index Fund 19.7 37 21 5.7 -2.9
VWID Virtus WMC International Dividend ETF 19.7 49 9 7.5 -1.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 19.7 7 51 6.5 -2.1
RNDV US Equity Dividend Select ETF 19.6 50 8 7.2 -1.4
EPS WisdomTree U.S. Earnings 500 Fund 19.5 8 50 6.1 -2.5
CWI SPDR MSCI ACWI ex-US ETF 19.5 30 28 6.2 -2.4
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 19.4 15 43 6.1 -2.5
QDYN FlexShares Quality Dividend Dynamic Index Fund 19.4 37 21 5.7 -2.9
SDOG ALPS Sector Dividend Dogs ETF 19.4 40 18 8.1 -0.4
ACWX iShares MSCI ACWI ex U.S. ETF 19.4 32 26 6.3 -2.3
VEU Vanguard FTSE All-World ex-US Index Fund 19.4 8 50 6.6 -2.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 19.3 40 18 6.0 -2.5
SPDW SPDR Portfolio Developed World ex-US ETF 19.3 4 54 6.1 -2.5
QWLD SPDR MSCI World StrategicFactors ETF 19.2 30 28 5.5 -3.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 19.1 25 33 5.6 -3.0
IEFA iShares Core MSCI EAFE ETF 18.9 7 51 6.4 -2.2
QDF FlexShares Quality Dividend Index Fund 18.8 37 21 5.6 -3.0
JHMD John Hancock Multifactor Developed International ETF 18.5 39 19 6.4 -2.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 18.1 25 33 5.5 -3.1
VSGX Vanguard ESG International Stock ETF 17.7 17 41 6.3 -2.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 17.7 20 38 6.2 -2.4
ESGV Vanguard ESG U.S. Stock ETF 17.6 12 46 4.6 -4.0
DVY iShares Select Dividend ETF 17.6 39 19 7.6 -1.0
QEFA SPDR MSCI EAFE Quality Mix ETF 17.6 30 28 6.1 -2.5
JVAL JPMorgan U.S. Value Factor ETF 17.6 12 46 7.1 -1.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 17.4 25 33 6.1 -2.5
WLDR Affinity World Leaders Equity ETF 17.4 47 11 7.9 -0.7
EQWL Invesco Russell Top 200 Equal Weight ETF 17.3 25 33 5.8 -2.8
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 17.2 12 46 5.2 -3.4
IXUS ishares Core MSCI Total International Stock ETF 17.1 9 49 6.4 -2.2
VLU SPDR S&P 1500 Value Tilt ETF 17.1 12 46 5.9 -2.7
CIL VictoryShares International Volatility Weighted Index ETF 17.1 45 13 6.4 -2.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 17.1 45 13 6.2 -2.3
KVLE KFA Value Liner Dynamic Core Equity Index ETF 17.1 56 2 5.8 -2.8
IYF iShares U.S. Financials ETF 17.1 42 16 6.1 -2.5
ESGD iShares MSCI EAFE ESG Optimized ETF 17.0 20 38 6.2 -2.4
DGT SPDR Global Dow ETF 17.0 50 8 6.2 -2.4
GBLO Global Beta Low Beta ETF 16.9 29 29 7.5 -1.1
IQSI IQ Candriam ESG International Equity ETF 16.8 15 43 6.2 -2.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 16.6 42 16 4.8 -3.8

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
WisdomTree Global High 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 13.6 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.49
 
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.