ETF Research Center

WisdomTree Europe SmallCap Dividend Fund

ALTAR
Score™

7.4%

Recommen-
dation

OVERWEIGHT

2025E 2026E
P/E ratio	13.9x	P/Sales ratio	0.8x
P/BV ratio	1.5x	Div. yield	3.9%

Description
Performance
Comps
Fundamentals
Valuation
Rating

WisdomTree Europe SmallCap Dividend Fund seeks investment results that correspond to the performance of the WisdomTree Europe SmallCap Dividend Index. The Fund invests in small-capitalization co

FUND BASICS
Category	International Equities
Fund Sponsor	WisdomTree ETFs/USA
Website	www.wisdomtree.com
Inception date	Jun 16, 2006
Assets (mns)	$169
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	Yes

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	383
Wgt avg mkt cap (mns)	$4,767
Large cap (>$10bn)	8.8%
Mid cap ($2-10bn)	22.3%
Small cap (<$2bn)	68.4%
Developed mkts	100.0%
Emerging mkts	0.0%

TOP TEN HOLDINGS
Total	17.3 %
FILTRONA PLC	4.4 %
HOEGH AUTOLINERS ASA	2.3 %
DOF GROUP ASA	1.8 %
ELECNOR S.A.	1.5 %
ENERGEAN PLC	1.3 %
PENNON GROUP PLC	1.2 %
ODFJELL DRILLING LTD	1.2 %
REDES ENERGETICAS NACIONAIS	1.2 %
APERAM	1.2 %
ZON MULTIMEDIA SERVICOS DE T	1.1 %

TOP COUNTRY EXPOSURE
	BRITAIN	23.6 %
	NORWAY	11.5 %
	SWEDEN	9.2 %
	SPAIN	4.3 %
	NETHERLANDS	4.0 %
	FRANCE	4.0 %
	PORTUGAL	3.8 %
	GERMANY	3.7 %
	BELGIUM	2.8 %
	BERMUDA	2.7 %

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.
-0.1%	22.7%	5.3%	6.6%	6.2%

Market Correlations
versus...	Beta	R-squared
S&P500	0.66	54%
MSCI EAFE	0.88	84%
MSCI Emg. Mkts.	0.65	60%

Technical Indicators
Recent close	$75.65
30d moving avg.	$72.72
Annualized volatility	16.5%
Short interest (ETF)	0.7%
Relative strength (RSI)	57

Liquidity measures
Avg. volume (thou.)	7
Turnover	0.3%
Bid/Ask (% of price)	0.30%
ADV underlying (mns)	$349

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 184 potential alternatives to the WisdomTree Europe SmallCap Dividend Fund ETF based on the alternatives' overlap in portfolio holdings with DFE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

DFE

Expense:

58 bp

ALTAR Score™:

7.4%

ALTERNATIVE ETFs BASED ON OVERLAP WITH DFE
Ticker	Fund Name	Overlap¹ vs DFE (%)	Expense ratio (bp)	Savings vs DFE (bp)	ALTAR Score™ (%)	ALTAR vs DFE (%)
IEUS	iShares MSCI Europe Small-Cap ETF	14.1	42	16	6.7	-0.7
EWUS	iShares MSCI United Kingdom Small Cap ETF	13.3	59	-1	7.3	-0.1
GWX	SPDR S&P International Small Cap ETF	11.9	40	18	5.9	-1.6
AVDS	Avantis International Small Cap Equity ETF	11.0	30	28	6.0	-1.4
AVDV	Avantis International Small Cap Value ETF	9.3	36	22	7.7	+0.3
ISCF	iShares International SmallCap Equity Factor ETF	8.0	23	35	7.2	-0.2
DISV	Dimensional International Small Cap Value ETF	7.9	42	16	8.1	+0.7
SCHC	Schwab International Small-Cap Equity ETF	7.7	11	47	6.5	-0.9
NORW	Global X MSCI Norway ETF	7.5	50	8	7.3	-0.1
DFIS	Dimensional International Small Cap ETF	7.5	39	19	6.1	-1.3
ENOR	iShares MSCI Norway ETF	7.4	53	5	7.3	-0.1
JIVE	JPMorgan International Value ETF	7.0	55	3	8.4	+1.0
PDN	Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF	6.4	49	9	6.0	-1.4
SCZ	iShares MSCI EAFE Small-Cap ETF	6.2	40	18	6.1	-1.3
FDTS	First Trust Developed Markets ex-US Small Cap AlphaDEX Fund	6.0	80	-22	8.9	+1.5
FNDC	Schwab Fundamental International Small Co. Index ETF	5.8	39	19	6.7	-0.7
VSS	Vanguard FTSE All-World ex-US Small-Cap ETF	5.3	8	50	6.3	-1.1
DTH	WisdomTree International High Dividend Fund	4.9	58	0	7.1	-0.3
TLTD	FlexShares Morningstar Developed Markets ex-US Factor Tilt	4.3	39	19	7.0	-0.4
ICPY	Tweedy, Browne International Insider Value ETF	4.0	80	-22	21.9	+14.5
COPY	Tweedy, Browne Insider + Value ETF	3.9	80	-22	15.3	+7.9
IMOM	Alpha Architect International Quantitative Momentum ETF	2.9	49	9	4.1	-3.3
BOAT	SonicShares Global Shipping ETF	2.9	69	-11	21.2	+13.8
DXIV	Dimensional International Vector Equity ETF	2.6	34	24	6.5	-0.9
EWK	iShares MSCI Belgium ETF	2.6	50	8	3.9	-3.5
EUDG	WisdomTree Europe Quality Dividend Growth Fund	2.5	58	0	6.3	-1.1
FPXE	First Trust IPOX Europe Equity Opportunities ETF	2.4	70	-12	3.9	-3.5
DDWM	WisdomTree Dynamic Currency Hedged International Equity Fund	2.4	40	18	5.6	-1.8
DWM	WisdomTree International Equity Fund	2.4	48	10	5.6	-1.8
SDIV	Global X Superdividend ETF	2.3	58	0	13.0	+5.6
WSML	iShares MSCI World Small-Cap ETF	2.3	15	43	5.5	-1.9
EWN	iShares MSCI Netherlands ETF	2.0	50	8	4.7	-2.7
HEDJ	WisdomTree Europe Hedged Equity Fund	2.0	58	0	6.0	-1.4
SLX	VanEck Steel ETF	1.7	56	2	10.9	+3.5
SPEU	SPDR Portfolio Europe ETF	1.7	7	51	6.4	-1.0
AVSD	Avantis Responsible International Equity ETF	1.6	23	35	6.0	-1.5
FYLD	Cambria Foreign Shareholder Yield ETF	1.6	59	-1	10.1	+2.7
AVDE	Avantis International Equity ETF	1.5	23	35	6.1	-1.3
DFSI	Dimensional International Sustainability Core 1 ETF	1.5	24	34	5.6	-1.8
EBLU	Ecofin Global Water ESG Fund	1.5	40	18	4.3	-3.1
DFIC	Dimensional International Core Equity 2 ETF	1.4	23	35	6.2	-1.2
VIDI	Vident International Equity Strategy ETF	1.4	61	-3	8.4	+1.0
IEUR	iShares Core MSCI Europe ETF	1.4	11	47	6.3	-1.1
IFGL	iShares International Developed Real Estate ETF	1.3	48	10	7.0	-0.4
VGK	Vanguard FTSE Europe ETF	1.3	6	52	6.5	-0.9
VCLN	Virtus Duff & Phelps Clean Energy ETF	1.2	59	-1	2.5	-4.9
TBLU	Tortoise Global Water ESG ETF	1.2	40	18	4.2	-3.2
EFNL	iShares MSCI Finland ETF	1.2	56	2	5.8	-1.7
RCGE	RockCreek Global Equality ETF	1.2	95	-37	6.1	-1.3
CUT	Invesco MSCI Global Timber ETF	1.2	61	-3	8.0	+0.6
BLDG	Cambria Global Real Estate ETF	1.2	60	-2	11.5	+4.1
CGV	Conductor Global Equity Value ETF	1.2	130	-72	7.4	+0.0
FGD	First Trust Dow Jones Global Select Dividend Index Fund	1.1	56	2	9.8	+2.4
HAUZ	DBX ETF Trust - Xtrackers International Real Estate ETF	1.1	10	48	8.1	+0.7
DFAX	Dimensional World ex U.S. Core Equity 2 ETF	1.0	30	28	6.4	-1.0
OAIM	OneAscent International Equity ETF	0.9	95	-37	4.6	-2.8
VNQI	Vanguard Global ex-U.S. Real Estate ETF	0.9	12	46	8.2	+0.8
IPAV	Global X Infrastructure Development ex-U.S. ETF	0.9	55	3	5.7	-1.7
EFRA	iShares Environmental Infrastructure and Industrials ETF	0.9	47	11	4.7	-2.7
IEFA	iShares Core MSCI EAFE ETF	0.9	7	51	6.0	-1.4
GQRE	FlexShares Global Quality Real Estate Index Fund	0.9	45	13	7.3	-0.1
PICK	iShares MSCI Global Metals & Mining Producers ETF	0.9	39	19	8.0	+0.6
AZTD	Aztlan Global Stock Selection DM SMID ETF	0.8	75	-17	4.2	-3.2
DBEZ	Xtrackers MSCI Eurozone Hedged Equity ETF	0.8	45	13	5.7	-1.7
DFAI	Dimensional International Core Equity Market ETF	0.8	18	40	6.0	-1.4
AIRL	Themes Airlines ETF	0.8	35	23	1.6	-5.8
GDXJ	VanEck Junior Gold Miners ETF	0.8	52	6	2.3	-5.1
GOEX	Global X Gold Explorers ETF	0.8	65	-7	1.7	-5.7
EIRL	iShares MSCI Ireland ETF	0.7	50	8	7.4	+0.0
IPKW	Invesco International BuyBack Achievers ETF	0.7	55	3	8.0	+0.6
MFDX	PIMCO RAFI Dynamic Multi-Factor International Equity ETF	0.7	39	19	6.1	-1.3
IDEV	iShares Core MSCI International Developed Markets ETF	0.7	4	54	6.0	-1.4
EDEN	iShares MSCI Denmark ETF	0.7	53	5	6.4	-1.1
MOTG	VanEck Morningstar Global Wide Moat ETF	0.7	52	6	7.7	+0.3
MOTI	VanEck Morningstar International Moat ETF	0.7	58	0	9.7	+2.3
ROBO	ROBO Global Robotics & Automation Index ETF	0.7	95	-37	2.7	-4.7
FTRI	First Trust Indxx Global Natural Resources Income ETF	0.7	70	-12	6.0	-1.4
OCEN	IQ Clean Oceans ETF	0.7	45	13	4.5	-2.9
VEA	Vanguard FTSE Developed Markets ETF	0.6	3	55	6.0	-1.4
AUAU	Global X Gold Miners ETF	0.6	35	23	2.1	-5.3
IXUS	iShares Core MSCI Total International Stock ETF	0.6	7	51	6.7	-0.7
GLCR	GlacierShares Nasdaq Iceland ETF	0.6	95	-37	2.7	-4.7
AUMI	Themes Gold Miners ETF	0.6	35	23	2.6	-4.8
ERET	iShares Environmentally Aware Real Estate ETF	0.5	30	28	6.8	-0.6
WOOD	iShares Global Timber & Forestry ETF	0.5	42	16	10.8	+3.4
VGSR	Vert Global Sustainable Real Estate ETF	0.5	47	11	7.2	-0.2
VSGX	Vanguard ESG International Stock ETF	0.5	10	48	6.8	-0.6
EWO	iShares MSCI Austria ETF	0.5	50	8	7.8	+0.4
JETS	U.S. Global Jets ETF	0.5	60	-2	2.7	-4.7
REET	iShares Global REIT ETF	0.5	14	44	7.1	-0.3
VXUS	Vanguard Total International Stock ETF	0.5	5	53	6.7	-0.7
SPDW	SPDR Portfolio Developed World ex-US ETF	0.5	3	55	5.9	-1.5
PAWZ	ProShares Pet Care ETF	0.5	50	8	3.9	-3.5
ODDS	Pacer BlueStar Digital Entertainment ETF	0.5	60	-2	4.7	-2.7
WTRE	WisdomTree New Economy Real Estate Fund	0.4	58	0	-0.3	-7.7
AGNG	Global X Aging Population ETF	0.4	50	8	4.1	-3.3
SNSR	Global X Internet of Things ETF	0.4	68	-10	4.1	-3.3
JSTC	Adasina Social Justice All Cap Global ETF	0.4	89	-31	4.7	-2.7
NATO	Themes Transatlantic Defense ETF	0.4	35	23	1.7	-5.7
ISRA	VanEck Israel ETF	0.4	59	-1	5.8	-1.6
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastructure	0.4	58	0	3.5	-3.9
RWX	SPDR Dow Jones International Real Estate ETF	0.4	59	-1	6.9	-0.5
INFL	Horizon Kinetics Inflation Beneficiaries ETF	0.4	85	-27	2.7	-4.7
AVRE	Avantis Real Estate ETF	0.4	17	41	6.8	-0.6
BETZ	Roundhill Sports Betting & iGaming ETF	0.3	75	-17	3.6	-3.8
BNGE	First Trust S-Network Streaming and Gaming ETF	0.3	70	-12	3.0	-4.4
IDV	iShares International Select Dividend ETF	0.3	51	7	8.9	+1.5
TOGA	Tremblant Global ETF	0.3	69	-11	-0.2	-7.6
IGRO	iShares International Dividend Growth ETF	0.3	15	43	6.7	-0.7
AFK	VanEck Africa Index ETF	0.3	98	-40	10.3	+2.9
DFGR	Dimensional Global Real Estate ETF	0.3	22	36	7.1	-0.3
NFRA	FlexShares STOXX Global Broad Infrastructure Index Fund	0.3	47	11	4.9	-2.5
CCNR	ALPS CoreCommodity Natural Resources ETF	0.3	39	19	7.9	+0.5
SHPP	Pacer Industrials and Logistics ETF	0.3	60	-2	7.1	-0.3
AIS	VistaShares Artificial Intelligence Supercycle ETF	0.3	75	-17	1.6	-5.8
SAGP	Strategas Global Policy Opportunities ETF	0.3	65	-7	4.8	-2.6
TOLZ	ProShares DJ Brookfield Global Infrastructure ETF	0.3	46	12	4.9	-2.5
IQRA	IQ CBRE Real Assets ETF	0.3	65	-7	5.7	-1.7
PIO	Invesco Global Water ETF	0.2	75	-17	4.1	-3.3
BLES	Inspire Global Hope ETF	0.2	61	-3	5.9	-1.5
EPU	iShares MSCI Peru and Global Exposure ETF	0.2	59	-1	4.3	-3.1
GUNR	FlexShares Morningstar Global Upstream Natural Resources Ind	0.2	46	12	7.2	-0.2
PEX	ProShares Global Listed Private Equity ETF	0.2	81	-23	12.0	+4.6
PSP	Invesco Global Listed Private Equity ETF	0.2	106	-48	6.9	-0.5
RING	iShares MSCI Global Gold Miners ETF	0.2	39	19	2.9	-4.6
SIL	Global X Silver Miners ETF	0.2	65	-7	1.4	-6.0
SILJ	ETFMG Prime Junior Silver Miners ETF	0.2	69	-11	0.3	-7.1
SLVP	iShares MSCI Global Silver Miners ETF	0.2	39	19	3.5	-3.9
WWJD	Inspire International ETF	0.2	80	-22	6.2	-1.2
AGMI	Themes Silver Miners ETF	0.2	35	23	3.6	-3.9
CLNR	IQ Cleaner Transport ETF	0.2	45	13	3.9	-3.5
CTEC	Global X CleanTech ETF	0.2	50	8	-0.0	-7.4
FRNW	Fidelity Clean Energy ETF	0.2	39	19	1.9	-5.6
PBD	Invesco Global Clean Energy ETF	0.2	75	-17	0.3	-7.1
SMOG	VanEck Low Carbon Energy ETF	0.2	61	-3	1.2	-6.2
RODM	Hartford Multifactor Developed Markets (ex-US) ETF	0.2	29	29	6.9	-0.5
SHLD	Global X Defense Tech ETF	0.2	50	8	2.6	-4.9
JEDI	Defiance Drone and Modern Warfare ETF	0.2	69	-11	1.2	-6.2
NERD	Roundhill Video Games ETF	0.2	50	8	7.7	+0.3
VEGI	iShares MSCI Agriculture Producers ETF	0.2	39	19	7.2	-0.2
SPGM	SPDR Portfolio MSCI Global Stock Market ETF	0.2	9	49	5.1	-2.4
VT	Vanguard Total World Stock ETF	0.2	6	52	5.2	-2.2
FNDF	Schwab Fundamental International Large Co. Index ETF	0.2	25	33	7.5	+0.1
MOO	VanEck Agribusiness ETF	0.2	53	5	8.4	+1.0
WDNA	WisdomTree BioRevolution Fund	0.2	45	13	-2.3	-9.7
DTAN	Sparkline International Intangible Value ETF	0.2	55	3	7.3	-0.1
ZSB	USCF Sustainable Battery Metals Strategy Fund	0.1	61	-3	6.6	-0.8
OBOR	KraneShares MSCI One Belt One Road Index ETF	0.1	79	-21	6.9	-0.5
TINT	ProShares Smart Materials ETF	0.1	58	0	5.6	-1.8
ERTH	Invesco MSCI Sustainable Future ETF	0.1	62	-4	3.0	-4.4
COPX	Global X Copper Miners ETF	0.1	65	-7	4.1	-3.3
SETM	Sprott Energy Transition Materials ETF	0.1	65	-7	1.5	-5.9
COPJ	Sprott Junior Copper Miners ETF	0.1	75	-17	-1.4	-8.8
ICOP	iShares Copper and Metals Mining ETF	0.1	47	11	5.4	-2.0
COPA	Themes Copper Miners ETF	0.1	35	23	3.2	-4.2
RWO	SPDR Dow Jones Global Real Estate ETF	0.1	50	8	6.4	-1.0
DIHP	Dimensional International High Profitability ETF	0.1	29	29	5.7	-1.7
LIT	Global X Lithium & Battery Tech ETF	0.1	75	-17	5.0	-2.4
REMX	VanEck Rare Earth/Strategic Metals ETF	0.1	54	4	2.5	-4.9
WBAT	WisdomTree Battery Value Chain and Innovation Fund	0.1	45	13	-0.9	-8.3
ION	ProShares S&P Global Core Battery Metals ETF	0.1	58	0	5.1	-2.3
LIMI	Themes Lithium & Battery Metal Miners ETF	0.1	35	23	2.7	-4.7
PXF	Invesco FTSE RAFI Developed Markets ex-U.S. ETF	0.1	45	13	6.9	-0.5
VIGI	Vanguard International Dividend Appreciation ETF	0.1	10	48	6.1	-1.3
DFIV	Dimensional International Value ETF	0.1	27	31	7.7	+0.3
DEW	WisdomTree Global High Dividend Fund	0.1	58	0	7.3	-0.1
HEAL	Global X HealthTech ETF	0.1	50	8	-1.5	-8.9
FDHT	Fidelity Digital Health ETF	0.1	39	19	1.7	-5.7
IHAK	iShares Cybersecurity & Tech ETF	0.1	47	11	4.8	-2.6
SPAM	Themes Cybersecurity ETF	0.1	35	23	2.9	-4.5
GINN	Goldman Sachs Innovate Equity ETF	0.1	52	6	4.0	-3.4
TINY	ProShares Nanotechnology ETF	0.1	58	0	1.5	-5.9
DRNZ	REX Drone ETF	0.1	65	-7	-1.7	-9.1
INTF	iShares International Equity Factor ETF	0.0	15	43	6.4	-1.0
GGME	Invesco Next Gen Media and Gaming ETF	0.0	60	-2	5.1	-2.3
AWAY	ETFMG Travel Tech ETF	0.0	76	-18	1.2	-6.2
FAN	First Trust Global Wind Energy ETF	0.0	60	-2	2.6	-4.8
AVIV	Avantis International Large Cap Value ETF	0.0	25	33	6.8	-0.6
ESGG	FlexShares STOXX Global ESG Select Index Fund	0.0	42	16	4.4	-3.0
IQSI	IQ Candriam International Equity ETF	0.0	15	43	5.6	-1.8
INQQ	India Internet & Ecommerce ETF	0.0	86	-28	0.6	-6.8
BKIE	BNY Mellon International Equity ETF	0.0	4	54	6.0	-1.4
GSID	Goldman Sachs MarketBeta International Equity ETF	0.0	20	38	5.9	-1.6
GXUS	Goldman Sachs MarketBeta Total International Equity ETF	0.0	18	40	6.5	-0.9

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

	2020	2021	2022	2023	2024	2025E	2026E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
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

	2024	2025E	2026E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Historical valuation trends

Forward multiple:	WisdomTree Europe SmallCap Dividend Fund
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	11.7	%
Divided by: Fwd. P/BV	1.5	x
Less: Expense ratio	58	bp
Equals: ALTAR Score	7.4	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.55	CATEGORY AVERAGE	1.64

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.