WisdomTree Global High Dividend Fund
ALTAR
Score™
9.5% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
14.7x P/Sales
ratio
1.2x
P/BV
ratio
1.3x Div.
yield
5.1%


  • 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 622
Wgt avg mkt cap (mns) $78,634
Large cap (>$10bn) 85.9%
Mid cap ($2-10bn) 13.2%
Small cap (<$2bn) 0.8%
Developed mkts 91.0%
Emerging mkts 9.0%

TOP TEN HOLDINGS
AT&T INC 3.3 %
VERIZON COMMUNICATIONS INC 2.9 %
PFIZER INC 2.6 %
ABBVIE INC 2.2 %
EXXON MOBIL CORP 2.2 %
PHILIP MORRIS INTERNATIONAL 2.1 %
COCA-COLA CO/THE 2.0 %
BROADCOM INC. 1.7 %
ALTRIA GROUP INC 1.7 %
CHEVRON CORP 1.7 %
Total 22.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 58.6 %
BRITAIN 5.1 %
JAPAN 4.3 %
GERMANY 3.7 %
CANADA 3.3 %
AUSTRALIA 3.1 %
TAIWAN 2.5 %
CHINA 2.5 %
HONG KONG 2.4 %
RUSSIA 1.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-19.0% -14.1% 3.7% 3.2% 2.0%

Market Correlations
versus... Beta R-squared
S&P500 0.89 86%
MSCI EAFE 1.02 91%
MSCI Emg. Mkts. 0.74 77%

Technical Indicators
Recent close $38.82
30d moving avg. $38.48
Annualized volatility 17.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 26
Turnover 1.6%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $47,931

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 9.5%


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 49.5 38 20 8.6 -0.9
VYM Vanguard High Dividend Yield Index ETF 42.1 6 52 7.3 -2.2
DTD WisdomTree U.S.Total Dividend Fund 39.1 28 30 6.5 -3.0
DLN WisdomTree U.S. LargeCap Dividend Fund 38.8 28 30 6.3 -3.2
USDY Pacific Global US Equity Income ETF 37.1 29 29 7.0 -2.5
VOOV Vanguard S&P 500 Value ETF 32.9 10 48 7.1 -2.4
DTN WisdomTree U.S. Dividend ex-Financials Fund 32.5 38 20 7.8 -1.7
MGV Vanguard Mega Cap Value ETF 32.4 7 51 7.1 -2.4
OUSA O'Shares FTSE US Quality Dividend ETF 32.4 48 10 5.7 -3.8
FDRR Fidelity Dividend ETF for Rising Rates 32.0 29 29 6.6 -2.9
JKF iShares Morningstar Large Cap Value ETF 31.9 25 33 7.5 -2.0
VYMI Vanguard International High Dividend Yield ETF 31.5 27 31 10.0 +0.5
VTV Vanguard Value Index Fund 31.5 4 54 7.1 -2.4
SPYV SPDR Portfolio S&P 500 Value ETF 31.3 4 54 7.1 -2.4
IVE iShares S&P 500 Value ETF 31.2 18 40 7.0 -2.5
IUSV iShares Core S&P U.S. Value ETF 30.7 4 54 7.2 -2.3
HDV iShares Core High Dividend ETF 30.4 8 50 7.1 -2.4
RNDV US Equity Dividend Select ETF 29.6 50 8 7.6 -1.9
SDOG ALPS Sector Dividend Dogs ETF 28.1 40 18 9.5 -0.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 27.8 30 28 9.0 -0.5
SCHV Schwab U.S. Large-Cap Value ETF 27.7 4 54 6.6 -2.9
FDL First Trust Morningstar Dividend Leaders Index Fund 27.3 45 13 10.1 +0.6
DGRO iShares Core Dividend Growth ETF 27.2 8 50 6.5 -3.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 26.7 35 23 8.7 -0.8
DWM WisdomTree International Equity Fund 26.7 48 10 8.4 -1.1
PRF Invesco FTSE RAFI US 1000 ETF 26.5 39 19 6.6 -2.9
DIVB iShares U.S. Dividend & Buyback ETF 26.3 25 33 6.6 -2.9
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 25.9 35 23 8.5 -1.0
DTH WisdomTree DEFA Equity Income Fund 25.7 58 0 10.0 +0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 25.6 25 33 6.5 -3.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 25.5 45 13 8.8 -0.7
JDIV JPMorgan U.S. Dividend ETF 25.2 12 46 7.5 -2.0
IWX iShares Russell Top 200 Value ETF 24.9 20 38 6.6 -2.9
RAFE PIMCO RAFI ESG U.S. ETF 24.5 29 29 7.4 -2.1
FDVV Fidelity Core Dividend ETF 24.5 29 29 6.9 -2.6
PFM Invesco Dividend Achievers ETF 24.4 53 5 5.2 -4.3
VONV Vanguard Russell 1000 Value Index Fund 24.3 8 50 6.8 -2.7
DVY iShares Select Dividend ETF 24.3 39 19 9.1 -0.4
IWD iShares Russell 1000 Value ETF 24.3 19 39 6.7 -2.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 24.3 25 33 6.5 -3.0
FNDF Schwab Fundamental International Large Co. Index ETF 24.0 25 33 8.7 -0.8
VLU SPDR S&P 1500 Value Tilt ETF 23.9 12 46 7.1 -2.4
SPDV AAM S&P 500 High Dividend Value ETF 23.7 29 29 9.6 +0.1
DURA VanEck Vectors Morningstar Durable Dividend ETF 23.6 29 29 8.4 -1.1
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 23.1 35 23 8.6 -0.9
SPYD SPDR S&P 500 High Dividend ETF 23.1 7 51 10.7 +1.2
EFV iShares MSCI EAFE Value ETF 23.0 39 19 9.7 +0.2
EQWL Invesco Russell Top 200 Equal Weight ETF 22.8 25 33 6.1 -3.4
PWV Invesco Dynamic Large Cap Value ETF 22.5 56 2 8.1 -1.4
DGT SPDR Global Dow ETF 22.5 50 8 7.2 -2.3
QDEF FlexShares Quality Dividend Defensive Index Fund 22.4 37 21 5.8 -3.7
JVAL JPMorgan U.S. Value Factor ETF 22.4 12 46 8.1 -1.4
GCOW Pacer Global High Dividend ETF 22.1 60 -2 10.8 +1.3
SCHF Schwab International Equity ETF 22.0 6 52 7.2 -2.3
DOL WisdomTree International LargeCap Dividend Fund 21.7 48 10 8.8 -0.7
EPS WisdomTree U.S. Earnings 500 Fund 21.6 8 50 6.2 -3.3
BKIE BNY Mellon International Equity ETF 21.5 4 54 7.4 -2.1
IDEV iShares Core MSCI International Developed Markets ETF 21.5 5 53 7.1 -2.4
FLQL Franklin LibertyQ U.S. Equity ETF 21.5 15 43 6.0 -3.5
QWLD SPDR MSCI World StrategicFactors ETF 21.4 30 28 6.0 -3.5
LVHD Legg Mason Low Volatility High Dividend ETF 21.3 27 31 8.0 -1.5
PEY Invesco High Yield Equity Dividend Achievers ETF 21.2 52 6 9.3 -0.2
ACWX iShares MSCI ACWI ex U.S. ETF 21.1 32 26 7.2 -2.3
SCHD Schwab U.S. Dividend Equity ETF 21.1 6 52 7.7 -1.8
IUS Invesco Strategic US ETF 21.1 19 39 6.3 -3.2
EFA iShares MSCI EAFE ETF 21.0 32 26 7.0 -2.5
CWI SPDR MSCI ACWI ex-US ETF 20.8 30 28 7.1 -2.4
GSID Goldman Sachs MarketBeta International Equity ETF 20.8 20 38 7.3 -2.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 20.8 40 18 7.0 -2.5
VEA Vanguard FTSE Developed Markets ETF 20.6 5 53 7.3 -2.2
HFXI IQ 50 Percent Hedged FTSE International ETF 20.6 20 38 7.4 -2.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 20.6 35 23 6.9 -2.6
VEU Vanguard FTSE All-World ex-US Index Fund 20.5 8 50 7.4 -2.1
IDY Pacific Global International Equity Income ETF 20.5 39 19 8.2 -1.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 20.5 7 51 7.5 -2.0
VLUE iShares MSCI USA Value Factor ETF 20.4 15 43 11.1 +1.7
SPDW SPDR Portfolio Developed World ex-US ETF 20.2 4 54 7.0 -2.5
IEFA iShares Core MSCI EAFE ETF 20.0 7 51 7.2 -2.3
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 19.9 15 43 6.5 -3.0
REVS Columbia Research Enhanced Value ETF 19.8 19 39 7.6 -1.9
RWL Invesco S&P 500 Revenue ETF 19.5 39 19 7.0 -2.5
GBDV Global Beta Smart Income ETF 19.4 29 29 9.9 +0.4
IXUS ishares Core MSCI Total International Stock ETF 19.1 9 49 7.3 -2.2
TOK iShares MSCI Kokusai ETF 19.0 25 33 5.4 -4.1
KOKU Xtrackers MSCI Kokusai Equity ETF 19.0 9 49 5.5 -4.0
SPXT ProShares S&P 500 Ex-Technology ETF 18.9 27 31 5.3 -4.2
PDEV Principal International Multi-Factor Core Index ETF 18.9 25 33 7.9 -1.6
URTH iShares MSCI World ETF 18.9 24 34 5.4 -4.1
VFVA Vanguard U.S. Value Factor ETF 18.8 14 44 10.5 +1.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 18.7 30 28 6.4 -3.1
JHMD John Hancock Multifactor Developed International ETF 18.7 39 19 7.3 -2.2
ROUS Hartford Multifactor US Equity ETF 18.6 19 39 6.3 -3.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 18.5 29 29 5.8 -3.7
QDYN FlexShares Quality Dividend Dynamic Index Fund 18.5 37 21 5.9 -3.6
WLDR Affinity World Leaders Equity ETF 18.3 47 11 9.8 +0.3
FMK First Trust Mega Cap AlphaDEX Fund 18.2 70 -12 4.4 -5.1
RNLC Large Cap US Equity Select ETF 18.2 60 -2 5.9 -3.6
FTA First Trust Large Cap Value AlphaDEX Fund 18.2 60 -2 8.8 -0.7
QUS SPDR MSCI USA StrategicFactors ETF 18.2 15 43 5.6 -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

  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 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 12.3 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 9.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.