WisdomTree U.S. High Dividend Fund
ALTAR
Score™
8.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
14.9x P/Sales
ratio
1.9x
P/BV
ratio
2.0x Div.
yield
4.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Equity Income Fund seeks investment results that correspond to the performance of the WisdomTree Equity Income Index. The Fund invests in the highest yielding stocks of the WisdomTree Dividend Index.

FUND BASICS
Category US Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $737
Currency USD
Expense ratio 38 bp
Distributions Monthly

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 298
Wgt avg mkt cap (mns) $105,967
Large cap (>$10bn) 89.0%
Mid cap ($2-10bn) 8.8%
Small cap (<$2bn) 2.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PFIZER INC 6.0 %
VERIZON COMMUNICATIONS INC 5.8 %
ABBVIE INC 5.5 %
AT&T INC 4.7 %
INTL BUSINESS MACHINES CORP 4.0 %
PHILIP MORRIS INTERNATIONAL 3.3 %
CHEVRON CORP 3.3 %
CISCO SYSTEMS INC 3.1 %
BRISTOL-MYERS SQUIBB CO 3.0 %
COCA-COLA CO/THE 3.0 %
Total 41.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.6 %
CANADA 0.0 %









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.
-15.5% -9.7% 4.9% 9.9% 5.4%

Market Correlations
versus... Beta R-squared
S&P500 0.91 88%
MSCI EAFE 0.95 80%
MSCI Emg. Mkts. 0.66 63%

Technical Indicators
Recent close $64.97
30d moving avg. $63.63
Annualized volatility 16.7%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.7%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 44
Turnover 0.4%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $30,711

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the WisdomTree U.S. High Dividend Fund ETF based on the alternatives' overlap in portfolio holdings with DHS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DHS Expense: 38 bp ALTAR Score™: 8.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DHS
Ticker Fund
Name
Overlap1
vs DHS
(%)
Expense
ratio
(bp)
Savings
vs DHS
(bp)
ALTAR
Score™
(%)
ALTAR
vs DHS
(%)
FDL First Trust Morningstar Dividend Leaders Index Fund 50.5 45 -7 9.8 +1.4
DEW WisdomTree Global High Dividend Fund 49.3 58 -20 9.1 +0.7
HDV iShares Core High Dividend ETF 45.2 8 30 6.6 -1.8
DURA VanEck Vectors Morningstar Durable Dividend ETF 44.1 29 9 6.8 -1.6
VYM Vanguard High Dividend Yield Index ETF 40.8 6 32 7.2 -1.2
DTN WisdomTree U.S. Dividend ex-Financials Fund 39.0 38 0 7.6 -0.8
DTD WisdomTree U.S.Total Dividend Fund 39.0 28 10 6.4 -2.0
JKF iShares Morningstar Large Cap Value ETF 38.6 25 13 7.4 -1.0
DLN WisdomTree U.S. LargeCap Dividend Fund 38.6 28 10 6.2 -2.2
USDY Pacific Global US Equity Income ETF 38.0 29 9 7.0 -1.4
OUSA O'Shares FTSE US Quality Dividend ETF 37.2 48 -10 5.5 -2.9
PWV Invesco Dynamic Large Cap Value ETF 37.0 55 -17 8.5 +0.1
GBDV Global Beta Smart Income ETF 35.5 29 9 8.2 -0.2
RNDV US Equity Dividend Select ETF 35.2 50 -12 7.8 -0.6
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 34.8 30 8 9.1 +0.7
SCHV Schwab U.S. Large-Cap Value ETF 33.8 4 34 6.9 -1.5
DVY iShares Select Dividend ETF 33.4 39 -1 9.2 +0.8
SCHD Schwab U.S. Dividend Equity ETF 32.6 6 32 7.7 -0.7
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 32.6 35 3 8.2 -0.2
SDOG ALPS Sector Dividend Dogs ETF 32.3 40 -2 9.8 +1.4
SPYD SPDR S&P 500 High Dividend ETF 32.1 7 31 10.9 +2.5
FDRR Fidelity Dividend ETF for Rising Rates 31.2 29 9 6.7 -1.7
MGV Vanguard Mega Cap Value ETF 30.9 7 31 7.0 -1.4
SPYV SPDR Portfolio S&P 500 Value ETF 30.8 4 34 7.1 -1.3
IVE iShares S&P 500 Value ETF 30.8 18 20 7.0 -1.4
VOOV Vanguard S&P 500 Value ETF 30.7 15 23 7.0 -1.4
LVHD Legg Mason Low Volatility High Dividend ETF 30.2 27 11 8.0 -0.4
IUSV iShares Core S&P U.S. Value ETF 30.1 4 34 7.2 -1.2
DGRO iShares Core Dividend Growth ETF 29.5 8 30 6.4 -2.0
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 29.5 35 3 8.3 -0.2
VTV Vanguard Value Index Fund 29.4 4 34 7.1 -1.3
QDEF FlexShares Quality Dividend Defensive Index Fund 28.9 37 1 5.6 -2.8
SPDV AAM S&P 500 High Dividend Value ETF 28.6 29 9 9.8 +1.4
JDIV JPMorgan U.S. Dividend ETF 28.1 12 26 7.5 -0.9
QDF FlexShares Quality Dividend Index Fund 27.2 37 1 5.9 -2.5
DJD Invesco Dow Jones Industrial Average Dividend ETF 26.8 7 31 6.7 -1.8
RAFE PIMCO RAFI ESG U.S. ETF 26.7 29 9 7.4 -1.0
REVS Columbia Research Enhanced Value ETF 26.4 19 19 7.2 -1.3
DIVB iShares U.S. Dividend & Buyback ETF 26.3 25 13 6.3 -2.1
PFM Invesco Dividend Achievers ETF 25.9 54 -16 5.2 -3.2
VLUE iShares Edge MSCI USA Value Factor ETF 25.8 15 23 11.2 +2.8
PEY Invesco High Yield Equity Dividend Achievers ETF 25.7 53 -15 9.4 +1.0
PRF Invesco FTSE RAFI US 1000 ETF 25.6 39 -1 6.5 -2.0
FDVV Fidelity Core Dividend ETF 25.6 29 9 6.9 -1.5
IWX iShares Russell Top 200 Value ETF 25.4 20 18 6.6 -1.8
VALQ American Century STOXX U.S. Quality Value ETF 25.0 29 9 8.4 -0.0
JVAL JPMorgan U.S. Value Factor ETF 24.8 12 26 8.3 -0.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 24.3 25 13 6.1 -2.3
IWD iShares Russell 1000 Value ETF 23.8 19 19 6.7 -1.7
FLQL Franklin LibertyQ U.S. Equity ETF 23.8 15 23 5.9 -2.5
VONV Vanguard Russell 1000 Value Index Fund 23.8 8 30 6.8 -1.6
VLU SPDR S&P 1500 Value Tilt ETF 23.7 12 26 7.0 -1.4
FVAL Fidelity Value Factor ETF 23.4 29 9 7.6 -0.8
QDYN FlexShares Quality Dividend Dynamic Index Fund 23.3 37 1 5.9 -2.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 23.2 25 13 6.1 -2.3
EDOW First Trust Dow 30 Equal Weight ETF 22.9 50 -12 5.7 -2.7
EQWL Invesco Russell Top 200 Equal Weight ETF 22.9 25 13 5.9 -2.5
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 22.7 15 23 6.5 -1.9
WBIY WBI Power Factor High Dividend ETF 22.5 70 -32 10.6 +2.2
NULV Nuveen ESG Large-Cap Value ETF 22.5 35 3 7.0 -1.4
FMK First Trust Mega Cap AlphaDEX Fund 22.3 70 -32 4.6 -3.8
DIV Global X SuperDividend US ETF 21.6 46 -8 6.9 -1.5
RFDA RiverFront Dynamic US Dividend Advantage ETF 21.5 52 -14 4.8 -3.6
ROUS Hartford Multifactor US Equity ETF 21.4 19 19 6.9 -1.5
DGRW WisdomTree U.S. Quality Dividend Growth Fund 20.8 28 10 6.2 -2.2
ONEY SPDR Russell 1000 Yield Focus ETF 20.8 20 18 8.8 +0.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 20.6 29 9 5.8 -2.7
IUS Invesco Strategic US ETF 20.5 19 19 6.2 -2.2
EPS WisdomTree U.S. Earnings 500 Fund 20.4 8 30 6.2 -2.2
GCOW Pacer Global High Dividend ETF 20.2 60 -22 10.2 +1.8
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 19.8 75 -37 5.2 -3.2
JMIN JPMorgan U.S. Minimum Volatility ETF 19.4 12 26 5.3 -3.1
SPMV Invesco S&P 500 Minimum Variance ETF 19.3 10 28 5.6 -2.8
RWL Invesco S&P 500 Revenue ETF 19.2 39 -1 6.8 -1.6
STLV iShares Factors US Value Style ETF 19.2 25 13 6.7 -1.7
FTA First Trust Large Cap Value AlphaDEX Fund 19.1 60 -22 8.9 +0.5
FLLV Franklin Liberty U.S. Low Volatility ETF 18.8 29 9 5.5 -2.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 18.8 18 20 5.9 -2.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 18.8 30 8 6.2 -2.2
VFVA Vanguard U.S. Value Factor ETF 18.8 14 24 10.6 +2.2
RNLC Large Cap US Equity Select ETF 18.8 60 -22 5.9 -2.5
RDIV Invesco S&P Ultra Dividend Revenue ETF 18.7 39 -1 10.2 +1.8
SPVU Invesco S&P 500 Enhanced Value ETF 18.7 13 25 11.0 +2.6
QUS SPDR MSCI USA StrategicFactors ETF 18.5 15 23 5.6 -2.8
FQAL Fidelity Quality Factor ETF 18.5 29 9 5.3 -3.1
JQUA JPMorgan U.S. Quality Factor ETF 18.4 12 26 5.1 -3.3
TDIV First Trust NASDAQ Technology Dividend Index Fund 18.0 50 -12 5.6 -2.8
COWZ Pacer US Cash Cows 100 ETF 17.9 49 -11 10.2 +1.8
LSLT Salt Low truBeta US Market ETF 17.9 29 9 5.8 -2.6
FVD First Trust Value Line Dividend Index Fund 17.8 70 -32 6.1 -2.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 17.7 12 26 4.6 -3.8
SPXT ProShares S&P 500 Ex-Technology ETF 17.6 27 11 5.4 -3.0
BVAL Brand Value ETF 17.5 65 -27 5.3 -3.1
USMV iShares Edge MSCI Min Vol USA ETF 17.5 15 23 5.3 -3.1
RSP Invesco S&P 500 Equal Weight ETF 17.3 20 18 6.4 -2.1
AFLG First Trust Active Factor Large Cap ETF 17.3 55 -17 5.3 -3.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 17.3 15 23 6.0 -2.4
SCIU Global X Scientific Beta US ETF 17.2 19 19 5.6 -2.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 17.2 9 29 5.8 -2.6
ESG FlexShares STOXX US ESG Impact Index Fund 17.1 32 6 4.8 -3.6

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 U.S. 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 16.9 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 8.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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