WisdomTree Japan SmallCap Dividend Fund
ALTAR
Score™
8.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
15.8x P/Sales
ratio
0.5x
P/BV
ratio
0.8x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Japan SmallCap Dividend Fund is an exchange-trade fund incorporated in the USA. The Fund seeks investment results that correspond to the WisdomTree Japan SmallCap Dividend Index.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $229
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 796
Wgt avg mkt cap (mns) $1,376
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 32.6%
Small cap (<$2bn) 67.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
HASEKO CORP 1.4 %
MITSUBISHI GAS CHEMICAL CO 0.9 %
MATSUI SECURITIES CO LTD 0.9 %
CASIO COMPUTER CO LTD 0.8 %
SEVEN BANK LTD 0.6 %
AOZORA BANK LTD 0.6 %
TECMO KOEI HOLDINGS CO LTD 0.6 %
SUMITOMO RUBBER INDUSTRIES 0.6 %
MEBUKI FINANCIAL GROUP, INC. 0.6 %
DIC CORP 0.6 %
Total 7.6 %

TOP COUNTRY EXPOSURE
JAPAN 83.4 %










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.
-11.8% -0.7% 4.5% 7.1% 3.4%

Market Correlations
versus... Beta R-squared
S&P500 0.73 65%
MSCI EAFE 0.81 70%
MSCI Emg. Mkts. 0.55 51%

Technical Indicators
Recent close $63.70
30d moving avg. $65.32
Annualized volatility 15.3%
Short interest (ETF) 3.1%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.6%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $4,591

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the WisdomTree Japan SmallCap Dividend Fund ETF based on the alternatives' overlap in portfolio holdings with DFJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DFJ Expense: 58 bp ALTAR Score™: 8.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DFJ
Ticker Fund
Name
Overlap1
vs DFJ
(%)
Expense
ratio
(bp)
Savings
vs DFJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs DFJ
(%)
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 81.0 58 0 8.5 +0.0
SCJ iShares MSCI Japan Small-Cap ETF 50.8 49 9 6.6 -1.9
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 28.2 43 15 8.9 +0.4
DLS WisdomTree International SmallCap Dividend Fund 24.2 58 0 8.7 +0.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 21.6 49 9 6.8 -1.7
FNDC Schwab Fundamental International Small Co. Index ETF 21.6 39 19 7.4 -1.1
GWX SPDR S&P International Small Cap ETF 20.9 40 18 6.7 -1.8
ISDS Invesco Strategic Developed ex-US Small Company ETF 20.2 35 23 6.8 -1.7
SCZ iShares MSCI Eafe Small-Cap ETF 17.7 40 18 7.4 -1.1
AVDV Avantis International Small Cap Value ETF 15.6 36 22 7.8 -0.7
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 14.8 40 18 8.8 +0.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 12.9 80 -22 10.7 +2.2
SCHC Schwab International Small-Cap Equity ETF 11.5 11 47 6.9 -1.6
DXJ WisdomTree Japan Hedged Equity Fund 10.1 48 10 8.4 -0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 10.0 39 19 8.5 +0.0
IDLB Invesco FTSE International Low Beta Equal Weight ETF 9.1 45 13 7.2 -1.3
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 8.4 11 47 6.8 -1.7
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 7.2 30 28 7.5 -1.0
FLJH Franklin FTSE Japan Hedged ETF 7.1 9 49 7.8 -0.7
FLJP Franklin FTSE Japan ETF 7.1 9 49 7.7 -0.8
VPL Vanguard FTSE Pacific ETF 6.7 8 50 7.8 -0.7
IPAC iShares Core MSCI Pacific ETF 6.5 9 49 7.4 -1.1
JPIN JPMorgan Diversified Return International Equity ETF 5.7 37 21 8.1 -0.4
SCIJ Global X Scientific Beta Japan ETF 5.7 40 18 7.1 -1.4
EWJE iShares MSCI Japan Equal Weighted ETF 5.7 15 43 7.3 -1.2
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 5.5 9 49 7.8 -0.7
KLDW Gavekal Knowledge Leaders Developed World ETF 5.4 75 -17 5.4 -3.1
JPXN iShares JPX-Nikkei 400 ETF 5.2 48 10 7.4 -1.1
AVDE Avantis International Equity ETF 4.6 23 35 8.0 -0.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 4.5 24 34 7.3 -1.2
FDT First Trust Developed Markets ex-US Alphadex Fund 4.0 80 -22 7.5 -1.0
FJP First Trust Japan AlphaDEX Fund 3.7 80 -22 9.1 +0.6
IDEV iShares Core MSCI International Developed Markets ETF 3.5 5 53 7.3 -1.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 3.4 39 19 6.7 -1.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.3 29 29 8.8 +0.3
DWM WisdomTree International Equity Fund 3.3 48 10 8.3 -0.2
JPGE JPMorgan Diversified Return Global Equity ETF 3.1 29 29 7.5 -1.0
IEFA iShares Core MSCI EAFE ETF 3.1 7 51 7.4 -1.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 2.9 25 33 7.3 -1.2
BBJP JPMorgan BetaBuilders Japan ETF 2.8 19 39 7.6 -0.9
IMOM Alpha Architect International Quantitative Momentum ETF 2.7 59 -1 3.4 -5.1
FLM First Trust Global Engineering & Construction ETF 2.7 70 -12 9.2 +0.7
IDLV Invesco S&P International Developed Low Volatility ETF 2.5 25 33 6.7 -1.8
VEA Vanguard FTSE Developed Markets ETF 2.5 5 53 7.5 -1.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 2.5 29 29 7.7 -0.8
ISZE iShares Edge MSCI Intl Size Factor ETF 2.4 30 28 7.5 -1.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 2.2 35 23 8.9 +0.4
IXUS ishares Core MSCI Total International Stock ETF 2.1 9 49 7.4 -1.1
FYLD Cambria Foreign Shareholder Yield ETF 1.9 59 -1 9.4 +0.9
LVIN Hartford Multifactor Low Volatility International Equity ETF 1.9 29 29 12.3 +3.8
VXUS Vanguard Total International Stock Index Fund 1.9 8 50 7.6 -0.9
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 1.8 7 51 7.6 -0.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.8 35 23 8.6 +0.1
SPDW SPDR Portfolio Developed World ex-US ETF 1.7 4 54 7.2 -1.3
ROBO Robo Global Robotics & Automation Index ETF 1.7 95 -37 3.5 -5.0
DIM WisdomTree International MidCap Dividend Fund 1.7 58 0 7.8 -0.7
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 1.7 83 -25 5.4 -3.1
VIDI Vident International Equity Fund 1.7 59 -1 11.4 +2.9
QJPN SPDR MSCI Japan StrategicFactors ETF 1.7 14 44 7.8 -0.7
EWJV iShares MSCI Japan Value ETF 1.6 15 43 10.3 +1.8
SCHF Schwab International Equity ETF 1.6 6 52 7.4 -1.1
EWJ iShares MSCI Japan ETF 1.6 49 9 7.2 -1.3
JPMV iShares Edge MSCI Min Vol Japan ETF 1.6 30 28 6.5 -2.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.6 58 0 6.3 -2.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 1.5 45 13 7.3 -1.2
IVAL Alpha Architect International Quantitative Value ETF 1.5 59 -1 10.5 +2.0
RFDI First Trust Riverfront Dynamic Developed International ETF 1.5 83 -25 5.7 -2.8
DWMF WisdomTree International Multifactor Fund 1.5 38 20 6.8 -1.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.5 58 0 7.8 -0.7
GBUY Goldman Sachs Motif New Age Consumer ETF 1.4 50 8 1.9 -6.7
FIDI Fidelity International High Dividend ETF 1.4 39 19 11.2 +2.7
IQDG WisdomTree International Quality Dividend Growth Fund 1.4 38 20 6.4 -2.1
DTH WisdomTree DEFA Equity Income Fund 1.4 58 0 9.8 +1.3
FNDF Schwab Fundamental International Large Co. Index ETF 1.2 25 33 8.9 +0.4
IGRO iShares International Dividend Growth ETF 1.2 22 36 8.1 -0.4
VEU Vanguard FTSE All-World ex-US Index Fund 1.2 8 50 7.6 -0.9
VIGI Vanguard International Dividend Appreciation ETF 1.2 25 33 5.6 -2.9
PICK iShares MSCI Global Metals & Mining Producers ETF 1.2 39 19 7.3 -1.2
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 1.2 30 28 0.0 -8.5
GQRE FlexShares Global Quality Real Estate Index Fund 1.1 45 13 7.1 -1.4
IQIN IQ 500 International ETF 1.1 25 33 9.0 +0.5
ISDX Invesco Strategic Developed ex-US ETF 1.1 23 35 7.6 -0.9
IPKW Invesco International BuyBack Achievers ETF 1.1 55 3 8.6 +0.1
VSGX Vanguard ESG International Stock ETF 1.0 17 41 7.2 -1.3
INTF iShares Edge MSCI Multifactor Intl ETF 1.0 30 28 7.9 -0.6
QINT American Century Quality Diversified International ETF 1.0 39 19 5.8 -2.7
GAMR ETFMG Video Game Tech ETF 1.0 75 -17 2.2 -6.3
FIVA Fidelity International Value Factor ETF 0.9 39 19 10.1 +1.6
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 0.9 50 8 3.9 -4.7
VT Vanguard Total World Stock Index Fund 0.8 8 50 6.2 -2.3
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 0.8 10 48 9.3 +0.8
WPS iShares International Developed Property ETF 0.8 48 10 8.1 -0.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 0.8 50 8 6.2 -2.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.8 25 33 6.6 -1.9
LNGR Global X Longevity Thematic ETF 0.7 50 8 3.1 -5.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.7 45 13 9.0 +0.5
CROP IQ Global Agribusiness Small Cap ETF 0.7 76 -18 5.0 -3.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.7 80 -22 6.0 -2.5

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 Japan 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 6.8 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.69 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.