WisdomTree Emerging Markets SmallCap Dividend Fund
ALTAR
Score™
12.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
10.7x P/Sales
ratio
0.6x
P/BV
ratio
0.9x Div.
yield
4.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Emerging Markets SmallCap Dividend Fund seeks investment results that correspond to the WisdomTree Emerging Markets SmallCap Dividend Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor WisdomTree Investments Inc
Website www.wisdomtree.com
Inception date Oct 30, 2007
Assets (mns) $1,524
Currency USD
Expense ratio 63 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 746
Wgt avg mkt cap (mns) $1,386
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 25.5%
Small cap (<$2bn) 72.2%
Developed mkts 7.7%
Emerging mkts 92.4%

TOP TEN HOLDINGS
WISTRON CORP 1.0 %
TERNA PARTICIPACOES S.A-UNIT 1.0 %
MICRO-STAR INTERNATIONAL CO 0.9 %
GUANGZHOU R&F PROPERTIES - H 0.9 %
POWERTECH TECHNOLOGY INC 0.8 %
WPG HOLDINGS CO LTD 0.8 %
TIANNENG POWER INTL LTD 0.8 %
INDIABULLS HOUSING FINANCE L 0.8 %
HIGHWEALTH CONSTRUCTION CORP 0.7 %
SYNNEX TECHNOLOGY INTL CORP 0.6 %
Total 8.2 %

TOP COUNTRY EXPOSURE
TAIWAN 29.8 %
CHINA 14.8 %
SOUTH KOREA 8.3 %
SOUTH AFRICA 5.1 %
HONG KONG 5.0 %
BRAZIL 5.0 %
MALAYSIA 4.2 %
THAILAND 4.1 %
INDIA 4.1 %
TURKEY 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.5% -7.5% 4.2% 2.5% 1.5%

Market Correlations
versus... Beta R-squared
S&P500 0.99 66%
MSCI EAFE 1.17 78%
MSCI Emg. Mkts. 0.99 92%

Technical Indicators
Recent close $42.32
30d moving avg. $41.08
Annualized volatility 20.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 232
Turnover 0.6%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $7,695

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DGS Expense: 63 bp ALTAR Score™: 12.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DGS
Ticker Fund
Name
Overlap1
vs DGS
(%)
Expense
ratio
(bp)
Savings
vs DGS
(bp)
ALTAR
Score™
(%)
ALTAR
vs DGS
(%)
EEMS iShares MSCI Emerging Markets Small Cap ETF 31.8 69 -6 7.5 -4.9
EWX SPDR S&P Emerging Markets Small Cap ETF 31.4 65 -2 5.8 -6.6
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 16.9 80 -17 17.7 +5.3
DEM WisdomTree Emerging Markets High Dividend Fund 14.4 63 0 14.1 +1.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 13.6 59 4 10.8 -1.6
DVYE iShares Emerging Markets Dividend ETF 9.7 49 14 16.6 +4.2
AVEM Avantis Emerging Markets Equity ETF 9.3 33 30 8.6 -3.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 9.0 29 34 9.9 -2.5
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 8.9 50 13 10.2 -2.2
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 8.5 11 52 6.4 -6.0
EYLD Cambria Emerging Shareholder Yield ETF 7.2 66 -3 17.0 +4.6
PIE Invesco DWA Emerging Markets Momentum ETF 7.2 90 -27 4.5 -7.9
ECNS iShares MSCI China Small-Cap ETF 7.2 59 4 10.9 -1.5
ROAM Hartford Multifactor Emerging Markets ETF 7.0 44 19 14.5 +2.1
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 6.2 45 18 8.6 -3.8
SDIV Global X SuperDividend ETF 6.1 59 4 13.3 +1.0
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 5.7 45 18 13.0 +0.6
EDIV SPDR S&P Emerging Markets Dividend ETF 5.4 49 14 11.1 -1.3
EWT iShares MSCI Taiwan ETF 5.3 59 4 5.5 -6.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.3 32 31 8.8 -3.6
EWZS iShares MSCI Brazil Small-Cap ETF 5.1 59 4 4.3 -8.1
EMMF WisdomTree Emerging Markets Multifactor Fund 5.0 48 15 9.2 -3.2
IEMG iShares Core MSCI Emerging Markets ETF 4.6 13 50 7.7 -4.7
BRF VanEck Vectors Brazil Small-Cap ETF 4.4 63 0 3.1 -9.3
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 4.3 51 12 13.9 +1.5
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 4.2 65 -2 4.2 -8.2
VWO Vanguard FTSE Emerging Markets ETF 4.2 10 53 7.8 -4.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 4.2 44 19 8.8 -3.6
FLZA Franklin FTSE South Africa ETF 4.0 19 44 11.4 -1.0
FLTW Franklin FTSE Taiwan ETF 3.8 19 44 6.0 -6.4
DVEM WisdomTree Emerging Markets Dividend Fund 3.8 32 31 8.1 -4.3
EPI WisdomTree India Earnings Fund 3.6 85 -22 8.2 -4.2
EEMD AAM S&P Emerging Markets High Dividend Value ETF 3.6 50 13 20.9 +8.5
DRW WisdomTree Global ex-US Real Estate Fund 3.6 58 5 10.9 -1.5
GMF SPDR S&P Emerging Asia Pacific ETF 3.5 49 14 7.1 -5.3
SMIN iShares MSCI India Small Cap ETF 3.3 76 -13 3.1 -9.3
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 3.2 64 -1 4.5 -7.9
SPEM SPDR Portfolio Emerging Markets ETF 3.2 11 52 7.7 -4.7
THD iShares MSCI Thailand ETF 3.2 59 4 10.2 -2.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 3.1 49 14 6.6 -5.8
GWX SPDR S&P International Small Cap ETF 3.1 40 23 6.5 -5.9
LVIN Hartford Multifactor Low Volatility International Equity ETF 3.0 29 34 12.2 -0.2
FLKR Franklin FTSE South Korea ETF 2.9 9 54 8.7 -3.7
FDEM Fidelity Targeted Emerging Markets Factor ETF 2.9 45 18 9.4 -3.0
FNDC Schwab Fundamental International Small Co. Index ETF 2.7 39 24 7.3 -5.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.7 70 -7 13.2 +0.8
FLLA Franklin FTSE Latin America ETF 2.6 19 44 6.6 -5.8
FLBR Franklin FTSE Brazil ETF 2.5 19 44 5.1 -7.3
FEM First Trust Emerging Markets AlphaDEX Fund 2.5 80 -17 12.5 +0.2
SDEM Global X SuperDividend Emerging Markets ETF 2.5 66 -3 16.1 +3.7
VNQI Vanguard Global ex-US Real Estate Index Fund 2.5 12 51 10.2 -2.2
ISDS Invesco Strategic Developed ex-US Small Company ETF 2.5 35 28 6.8 -5.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.4 49 14 7.7 -4.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 2.4 95 -32 9.0 -3.4
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 2.4 10 53 9.3 -3.1
EWY iShares MSCI South Korea ETF 2.4 59 4 8.3 -4.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.3 80 -17 10.4 -2.0
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 2.2 25 38 7.7 -4.7
GXC SPDR S&P China ETF 2.2 59 4 7.7 -4.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.2 40 23 7.1 -5.3
ISEM Invesco Strategic Emerging Markets ETF 2.1 35 28 10.2 -2.2
FBZ First Trust Brazil AlphaDEX Fund 2.1 80 -17 6.4 -6.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.0 45 18 7.7 -4.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.0 30 33 8.5 -3.9
ESGE iShares ESG MSCI EM ETF 2.0 25 38 8.4 -4.0
FCA First Trust China AlphaDEX Fund 1.9 80 -17 13.4 +1.0
VIDI Vident International Equity Fund 1.8 59 4 11.2 -1.2
EWW iShares MSCI Mexico Capped ETF 1.8 49 14 8.9 -3.5
CHIR Global X MSCI China Real Estate ETF 1.8 65 -2 17.5 +5.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.8 32 31 6.0 -6.4
EIDO iShares MSCI Indonesia ETF 1.8 59 4 9.9 -2.5
GAMR ETFMG Video Game Tech ETF 1.8 75 -12 2.0 -10.4
SCHC Schwab International Small-Cap Equity ETF 1.8 11 52 6.6 -5.8
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 1.7 43 20 8.7 -3.7
EEMO Invesco S&P Emerging Markets Momentum ETF 1.7 29 34 6.2 -6.2
SCHE Schwab Emerging Markets Equity ETF 1.7 11 52 7.7 -4.7
DLS WisdomTree International SmallCap Dividend Fund 1.7 58 5 8.6 -3.8
RNEM Emerging Markets Equity Select ETF 1.7 75 -12 11.6 -0.8
EEMA iShares MSCI Emerging Markets Asia ETF 1.7 50 13 7.3 -5.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 1.6 45 18 7.2 -5.2
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 1.6 80 -17 3.7 -8.7
CHII Global X China Industrials ETF 1.5 66 -3 11.3 -1.1
FLAX Franklin FTSE Asia Ex Japan ETF 1.5 19 44 7.5 -4.9
PBEE Invesco PureBeta FTSE Emerging Markets ETF 1.5 15 48 8.4 -4.0
KMED KraneShares Emerging Markets Healthcare Index ETF 1.5 79 -16 1.9 -10.5
TUR iShares MSCI Turkey ETF 1.5 59 4 19.7 +7.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.5 47 16 12.6 +0.3
IQDF FlexShares International Quality Dividend Index Fund 1.5 47 16 12.2 -0.2
IXUS ishares Core MSCI Total International Stock ETF 1.5 9 54 7.3 -5.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.4 39 24 12.7 +0.3
VSGX Vanguard ESG International Stock ETF 1.4 17 46 7.1 -5.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.4 36 27 7.9 -4.5
KGRN KraneShares MSCI China Environment Index ETF 1.4 80 -17 7.5 -4.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.3 68 -5 6.9 -5.5
VXUS Vanguard Total International Stock Index Fund 1.3 8 55 7.5 -4.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.3 65 -2 7.3 -5.1
DWCR Arrow DWA Country Rotation ETF 1.3 95 -32 13.7 +1.3
EEM iShares MSCI Emerging Markets ETF 1.3 68 -5 7.2 -5.2

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 Emerging Markets SmallCap 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 11.6 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 12.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.45
 
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.