WisdomTree U.S. High Dividend Fund
ALTAR
Score™
8.3% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
14.9x P/Sales
ratio
1.9x
P/BV
ratio
2.0x Div.
yield
4.9%


  • 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) $743
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 308
Wgt avg mkt cap (mns) $105,354
Large cap (>$10bn) 87.7%
Mid cap ($2-10bn) 9.9%
Small cap (<$2bn) 2.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PFIZER INC 6.0 %
VERIZON COMMUNICATIONS INC 5.8 %
ABBVIE INC 5.6 %
AT&T INC 5.0 %
INTL BUSINESS MACHINES CORP 4.1 %
CHEVRON CORP 3.5 %
PHILIP MORRIS INTERNATIONAL 3.2 %
CISCO SYSTEMS INC 3.2 %
BRISTOL-MYERS SQUIBB CO 3.0 %
COCA-COLA CO/THE 3.0 %
Total 42.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.5 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.7% -4.9% 4.2% 10.4% 5.4%

Market Correlations
versus... Beta R-squared
S&P500 0.92 89%
MSCI EAFE 0.96 82%
MSCI Emg. Mkts. 0.71 68%

Technical Indicators
Recent close $65.16
30d moving avg. $61.20
Annualized volatility 16.6%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.7%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 83
Turnover 0.7%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $39,114

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 8.3%


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
(%)
DEW WisdomTree Global High Dividend Fund 50.1 58 -20 9.0 +0.7
FDL First Trust Morningstar Dividend Leaders Index Fund 48.9 45 -7 8.0 -0.3
DURA VanEck Vectors Morningstar Durable Dividend ETF 44.3 29 9 6.8 -1.5
HDV iShares Core High Dividend ETF 43.7 8 30 6.4 -1.9
JKF iShares Morningstar Large Cap Value ETF 43.7 25 13 7.5 -0.7
VYM Vanguard High Dividend Yield Index ETF 43.1 6 32 7.1 -1.2
DLN WisdomTree U.S. LargeCap Dividend Fund 40.2 28 10 6.3 -2.0
DTD WisdomTree U.S.Total Dividend Fund 40.2 28 10 6.5 -1.8
OUSA O'Shares FTSE US Quality Dividend ETF 39.4 48 -10 5.6 -2.6
DTN WisdomTree U.S. Dividend ex-Financials Fund 39.3 38 0 7.7 -0.6
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 39.3 30 8 9.2 +0.9
USDY Pacific Global US Equity Income ETF 37.8 29 9 7.6 -0.7
SPYD SPDR S&P 500 High Dividend ETF 37.1 7 31 10.0 +1.8
QDEF FlexShares Quality Dividend Defensive Index Fund 35.3 37 1 6.2 -2.1
SCHD Schwab U.S. Dividend Equity ETF 35.2 6 32 7.3 -1.0
SCHV Schwab U.S. Large-Cap Value ETF 34.6 4 34 7.0 -1.3
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 34.4 75 -37 6.0 -2.3
QDF FlexShares Quality Dividend Index Fund 32.9 37 1 6.8 -1.5
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 32.7 35 3 8.2 -0.0
SPDV AAM S&P 500 High Dividend Value ETF 32.6 29 9 10.5 +2.2
SDOG ALPS Sector Dividend Dogs ETF 32.5 40 -2 9.8 +1.5
FDRR Fidelity Dividend ETF for Rising Rates 32.2 29 9 6.9 -1.4
SPYV SPDR Portfolio S&P 500 Value ETF 32.0 4 34 7.2 -1.1
IVE iShares S&P 500 Value ETF 32.0 18 20 7.1 -1.2
VOOV Vanguard S&P 500 Value ETF 31.7 15 23 7.1 -1.2
GBDV Global Beta Smart Income ETF 31.5 29 9 11.6 +3.3
RNDV US Equity Dividend Select ETF 31.4 50 -12 7.5 -0.8
IUSV iShares Core S&P U.S. Value ETF 31.4 4 34 7.3 -1.0
LVHD Legg Mason Low Volatility High Dividend ETF 31.4 27 11 8.4 +0.1
MGV Vanguard Mega Cap Value ETF 31.3 7 31 7.0 -1.2
VTV Vanguard Value Index Fund 31.1 4 34 7.2 -1.1
QDYN FlexShares Quality Dividend Dynamic Index Fund 30.7 37 1 6.7 -1.6
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 29.4 35 3 8.3 +0.0
JDIV JPMorgan U.S. Dividend ETF 29.2 12 26 7.8 -0.5
DGRO iShares Core Dividend Growth ETF 29.1 8 30 6.4 -1.9
DVY iShares Select Dividend ETF 28.5 39 -1 7.9 -0.4
DJD Invesco Dow Jones Industrial Average Dividend ETF 28.5 7 31 6.5 -1.8
RAFE PIMCO RAFI ESG U.S. ETF 28.0 29 9 7.6 -0.7
RDIV Invesco S&P Ultra Dividend Revenue ETF 27.7 39 -1 10.4 +2.1
FLQL Franklin LibertyQ U.S. Equity ETF 27.3 15 23 6.2 -2.1
DIVB iShares U.S. Dividend & Buyback ETF 27.3 25 13 6.4 -1.9
PRF Invesco FTSE RAFI US 1000 ETF 27.1 39 -1 6.7 -1.6
IWX iShares Russell Top 200 Value ETF 27.1 20 18 6.9 -1.4
REVS Columbia Research Enhanced Value ETF 26.9 19 19 7.4 -0.9
JVAL JPMorgan U.S. Value Factor ETF 26.8 12 26 8.6 +0.3
PEY Invesco High Yield Equity Dividend Achievers ETF 26.6 53 -15 8.4 +0.1
IWD iShares Russell 1000 Value ETF 26.1 19 19 6.9 -1.4
FDVV Fidelity Core Dividend ETF 26.1 29 9 7.2 -1.1
PFM Invesco Dividend Achievers ETF 26.0 54 -16 5.3 -3.0
VONV Vanguard Russell 1000 Value Index Fund 25.8 8 30 7.0 -1.3
VALQ American Century STOXX U.S. Quality Value ETF 25.7 29 9 8.7 +0.4
PWV Invesco Dynamic Large Cap Value ETF 25.7 55 -17 8.1 -0.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 25.1 25 13 6.4 -1.8
FVAL Fidelity Value Factor ETF 25.0 29 9 8.0 -0.3
VLU SPDR S&P 1500 Value Tilt ETF 25.0 12 26 7.0 -1.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 24.1 25 13 6.4 -1.9
NULV Nuveen ESG Large-Cap Value ETF 23.9 35 3 7.3 -1.0
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 23.9 15 23 6.7 -1.6
GCOW Pacer Global High Dividend ETF 23.7 60 -22 10.6 +2.4
VLUE iShares Edge MSCI USA Value Factor ETF 23.6 15 23 10.8 +2.6
EDOW First Trust Dow 30 Equal Weight ETF 23.1 50 -12 5.7 -2.6
FMK First Trust Mega Cap AlphaDEX Fund 22.8 70 -32 5.2 -3.1
EQWL Invesco Russell Top 200 Equal Weight ETF 22.4 25 13 5.9 -2.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 22.3 29 9 6.1 -2.2
QDIV Global X S&P 500 Quality Dividend ETF 22.1 20 18 8.1 -0.2
ROUS Hartford Multifactor US Equity ETF 22.1 19 19 7.1 -1.2
EPS WisdomTree U.S. Earnings 500 Fund 21.5 8 30 6.4 -1.9
DIV Global X SuperDividend US ETF 21.4 45 -7 9.7 +1.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 21.0 28 10 6.5 -1.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 20.5 30 8 6.6 -1.6
IUS Invesco Strategic US ETF 20.5 19 19 6.1 -2.2
SPMV Invesco S&P 500 Minimum Variance ETF 19.7 10 28 5.7 -2.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 19.7 19 19 6.1 -2.1
AFLG First Trust Active Factor Large Cap ETF 19.5 55 -17 5.5 -2.7
FQAL Fidelity Quality Factor ETF 19.4 29 9 5.4 -2.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 19.2 12 26 4.8 -3.4
JMIN JPMorgan U.S. Minimum Volatility ETF 19.2 12 26 5.7 -2.5
JQUA JPMorgan U.S. Quality Factor ETF 19.1 12 26 5.2 -3.1
RNLC Large Cap US Equity Select ETF 19.0 60 -22 6.1 -2.2
ESGS Columbia Sustainable U.S. Equity Income ETF 18.9 35 3 8.7 +0.5
RWL Invesco S&P 500 Revenue ETF 18.9 39 -1 6.7 -1.6
LSLT Salt Low truBeta US Market ETF 18.9 0 38 7.0 -1.2
SPXT ProShares S&P 500 Ex-Technology ETF 18.7 27 11 5.6 -2.7
FVD First Trust Value Line Dividend Index Fund 18.7 70 -32 6.0 -2.2
RECS Columbia Research Enhanced Core ETF 18.6 15 23 5.6 -2.7
USMV iShares Edge MSCI Min Vol USA ETF 18.6 15 23 5.6 -2.6
QUS SPDR MSCI USA StrategicFactors ETF 18.3 15 23 5.8 -2.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 18.2 19 19 5.6 -2.7
PBP Invesco S&P 500 BuyWrite ETF 18.2 49 -11 5.1 -3.2
CATH Global X S&P 500 Catholic Values Custom ETF 18.1 29 9 5.3 -3.0
BVAL Brand Value ETF 18.1 65 -27 6.0 -2.3
SCIU Global X Scientific Beta US ETF 18.0 19 19 5.6 -2.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 18.0 52 -14 5.9 -2.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 17.9 15 23 6.3 -2.0
VFVA Vanguard U.S. Value Factor ETF 17.8 13 25 11.4 +3.1
SHE SPDR SSGA Gender Diversity Index ETF 17.7 20 18 5.4 -2.9
HSPX Global X S&P 500 Covered Call ETF 17.6 65 -27 4.9 -3.4
ESG FlexShares STOXX US ESG Impact Index Fund 17.5 32 6 5.1 -3.1
RSP Invesco S&P 500 Equal Weight ETF 17.3 20 18 6.7 -1.6

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 8.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.53
 
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.