WisdomTree Europe SmallCap Dividend Fund
ALTAR
Score™
8.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
17.2x P/Sales
ratio
0.6x
P/BV
ratio
1.1x Div.
yield
3.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium 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) $319
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 284
Wgt avg mkt cap (mns) $1,129
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 23.7%
Small cap (<$2bn) 76.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BE SEMICONDUCTOR INDUSTRIES 3.1 %
SILTRONIC AG 2.8 %
ELKEM ASA 1.6 %
NETENT AB CLASS B 1.6 %
BPOST SA 1.6 %
M-REAL OYJ-B SHARES 1.5 %
BOVIS HOMES GROUP PLC 1.3 %
AURUBIS AG 1.3 %
TIETO OYJ 1.2 %
SCANDINAVIAN TOBACCO GROUP A/S 1.2 %
Total 17.2 %

TOP COUNTRY EXPOSURE
BRITAIN 14.1 %
SWEDEN 8.6 %
FINLAND 8.4 %
GERMANY 6.7 %
ITALY 6.0 %
NORWAY 5.4 %
NETHERLANDS 4.6 %
BELGIUM 4.5 %
FRANCE 3.8 %
SWITZERLAND 3.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-22.6% -12.3% 0.7% 8.2% 3.8%

Market Correlations
versus... Beta R-squared
S&P500 1.16 72%
MSCI EAFE 1.38 89%
MSCI Emg. Mkts. 1.04 80%

Technical Indicators
Recent close $50.21
30d moving avg. $50.00
Annualized volatility 23.2%
Short interest (ETF) 0.3%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 37
Turnover 0.6%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $914

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 8.6%


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
(%)
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 28.8 43 15 8.9 +0.3
DLS WisdomTree International SmallCap Dividend Fund 28.3 58 0 8.8 +0.1
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 27.4 58 0 8.1 -0.5
IEUS iShares MSCI Europe Small-Cap ETF 14.1 40 18 8.0 -0.6
AVDV Avantis International Small Cap Value ETF 11.3 36 22 7.8 -0.8
EWUS iShares MSCI United Kingdom Small Cap ETF 10.9 59 -1 8.6 +0.0
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 10.5 40 18 8.8 +0.2
SCHC Schwab International Small-Cap Equity ETF 9.3 11 47 6.9 -1.8
ISDS Invesco Strategic Developed ex-US Small Company ETF 8.7 35 23 6.9 -1.7
GWX SPDR S&P International Small Cap ETF 8.6 40 18 6.7 -1.9
EWGS iShares MSCI Germany Small Cap ETF 8.6 59 -1 5.1 -3.5
SCZ iShares MSCI Eafe Small-Cap ETF 7.8 40 18 7.4 -1.2
EFNL iShares MSCI Finland Capped ETF 7.5 53 5 6.3 -2.4
FNDC Schwab Fundamental International Small Co. Index ETF 6.6 39 19 7.5 -1.1
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 6.6 11 47 6.8 -1.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 6.6 49 9 6.8 -1.8
NORW Global X MSCI Norway ETF 5.7 50 8 10.4 +1.8
ENOR iShares MSCI Norway Capped ETF 5.7 53 5 10.3 +1.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 4.8 80 -22 10.7 +2.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 3.6 39 19 8.6 -0.1
FYLD Cambria Foreign Shareholder Yield ETF 3.4 59 -1 9.5 +0.9
EWK iShares MSCI Belgium Capped ETF 3.2 49 9 6.5 -2.1
EDEN iShares MSCI Denmark Capped ETF 2.9 53 5 6.2 -2.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 2.5 58 0 6.1 -2.5
PBD Invesco Global Clean Energy ETF 2.5 75 -17 1.6 -7.0
BETZ Roundhill Sports Betting & iGaming ETF 2.4 75 -17 10.1 +1.5
IFEU iShares Europe Development Real Estate ETF 2.3 48 10 6.5 -2.1
DXGE WisdomTree Germany Hedged Equity Fund 2.3 48 10 8.7 +0.1
AVDE Avantis International Equity ETF 2.2 23 35 8.0 -0.6
FLM First Trust Global Engineering & Construction ETF 2.0 70 -12 9.3 +0.7
PGAL Global X FTSE Portugal 20 ETF 1.7 58 0 6.3 -2.3
EWN iShares MSCI Netherlands ETF 1.7 50 8 5.2 -3.5
IEUR iShares Core MSCI Europe ETF 1.7 9 49 7.3 -1.3
SCID Global X Scientific Beta Europe ETF 1.6 39 19 6.5 -2.1
VGK Vanguard FTSE Europe ETF 1.6 8 50 7.5 -1.1
IQDG WisdomTree International Quality Dividend Growth Fund 1.6 38 20 6.4 -2.2
FEU SPDR Portfolio Europe ETF 1.5 9 49 7.4 -1.2
WOOD iShares Global Timber & Forestry ETF 1.5 46 12 10.3 +1.7
HEDJ WisdomTree Europe Hedged Equity Fund 1.5 58 0 7.0 -1.7
WPS iShares International Developed Property ETF 1.5 48 10 8.1 -0.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.5 45 13 6.8 -1.8
IFGL iShares International Developed Real Estate ETF 1.4 48 10 7.7 -0.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.4 39 19 6.7 -1.9
GQRE FlexShares Global Quality Real Estate Index Fund 1.4 45 13 7.1 -1.5
DTH WisdomTree DEFA Equity Income Fund 1.4 58 0 9.8 +1.2
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 1.4 10 48 9.3 +0.6
DWM WisdomTree International Equity Fund 1.3 48 10 8.4 -0.3
SMEZ SPDR EURO STOXX Small Cap ETF 1.3 45 13 6.4 -2.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.3 58 0 6.3 -2.3
RFEU First Trust Riverfront Dynamic Europe ETF 1.3 83 -25 5.4 -3.2
IVAL Alpha Architect International Quantitative Value ETF 1.3 59 -1 10.6 +2.0
CUT Invesco MSCI Global Timber ETF 1.2 61 -3 9.5 +0.9
IEFA iShares Core MSCI EAFE ETF 1.2 7 51 7.4 -1.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.2 59 -1 11.6 +2.9
ICLN iShares Global Clean Energy ETF 1.1 46 12 3.0 -5.6
SNSR Global X Internet of Things Thematic ETF 1.1 68 -10 4.4 -4.2
DRW WisdomTree Global ex-US Real Estate Fund 1.1 58 0 10.8 +2.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.1 35 23 8.6 -0.0
VNQI Vanguard Global ex-US Real Estate Index Fund 1.1 12 46 10.1 +1.4
VEGI iShares MSCI Global Agriculture Producers ETF 1.1 39 19 6.2 -2.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.0 70 -12 2.3 -6.3
WDIV SPDR Global Dividend ETF 1.0 40 18 10.0 +1.4
FID First Trust S&P International Dividend Aristocrats ETF 1.0 60 -2 10.0 +1.4
FEP First Trust Europe AlphaDEX Fund 1.0 80 -22 7.7 -0.9
EWO iShares MSCI Austria ETF 0.9 50 8 11.0 +2.4
PSP Invesco Global Listed Private Equity ETF 0.9 178 -120 5.2 -3.4
GVAL Cambria Global Value ETF 0.9 69 -11 10.8 +2.2
PICK iShares MSCI Global Metals & Mining Producers ETF 0.9 39 19 7.4 -1.2
VEA Vanguard FTSE Developed Markets ETF 0.9 5 53 7.5 -1.1
HACK ETFMG Prime Cyber Security ETF 0.8 60 -2 2.9 -5.7
TAN Invesco Solar ETF 0.8 71 -13 1.5 -7.1
IMOM Alpha Architect International Quantitative Momentum ETF 0.8 59 -1 3.4 -5.3
EIRL iShares MSCI Ireland Capped ETF 0.8 49 9 7.4 -1.2
IXUS ishares Core MSCI Total International Stock ETF 0.8 9 49 7.4 -1.2
LVHI Legg Mason International Low Volatility High Dividend ETF 0.8 40 18 9.3 +0.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.8 4 54 7.3 -1.4
IPKW Invesco International BuyBack Achievers ETF 0.7 55 3 8.7 +0.1
FDT First Trust Developed Markets ex-US Alphadex Fund 0.7 80 -22 7.6 -1.0
GRES IQ Global Resources ETF 0.7 77 -19 7.7 -1.0
IQIN IQ 500 International ETF 0.7 25 33 9.1 +0.5
ROBO Robo Global Robotics & Automation Index ETF 0.7 95 -37 3.5 -5.1
IDEV iShares Core MSCI International Developed Markets ETF 0.7 5 53 7.3 -1.3
RFDI First Trust Riverfront Dynamic Developed International ETF 0.7 83 -25 5.7 -2.9
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 0.7 60 -2 7.4 -1.2
SDIV Global X SuperDividend ETF 0.6 59 -1 13.5 +4.9
VXUS Vanguard Total International Stock Index Fund 0.6 8 50 7.6 -1.0
YLCO Global X YieldCo Index ETF 0.6 65 -7 4.6 -4.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 0.6 70 -12 4.2 -4.4
DTEC ALPS Disruptive Technologies ETF 0.6 50 8 3.5 -5.1
VIDI Vident International Equity Fund 0.6 59 -1 11.4 +2.8
GLIF AGFiQ Global Infrastructure ETF 0.6 45 13 5.4 -3.3
FEUZ First Trust Eurozone AlphaDEX ETF 0.5 80 -22 7.8 -0.8
MOO VanEck Vectors Agribusiness ETF 0.5 56 2 5.6 -3.0
IGRO iShares International Dividend Growth ETF 0.5 22 36 8.1 -0.5
TBLU Tortoise Water Fund 0.5 40 18 5.0 -3.6
RWX SPDR Dow Jones International Real Estate ETF 0.5 59 -1 6.8 -1.9
BOTZ Global X Robotics & Artificial Intelligence ETF 0.5 68 -10 2.8 -5.8
VIGI Vanguard International Dividend Appreciation ETF 0.5 25 33 5.5 -3.1
REET iShares Global REIT ETF 0.5 14 44 7.6 -1.0

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 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 10.0 %
Divided by: Fwd. P/BV 1.1 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
1.55 CATEGORY
AVERAGE
1.59
 
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.