WisdomTree Global ex-US Real Estate Fund
ALTAR
Score™
10.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
11.4x P/Sales
ratio
1.7x
P/BV
ratio
0.8x Div.
yield
4.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Global ex-US Real Estate Fund seeks to track the price and yield of the WisdomTree Global ex-US Real Estate Index.

FUND BASICS
Category Global Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 05, 2007
Assets (mns) $76
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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 223
Wgt avg mkt cap (mns) $12,215
Large cap (>$10bn) 40.9%
Mid cap ($2-10bn) 44.2%
Small cap (<$2bn) 10.5%
Developed mkts 86.0%
Emerging mkts 13.3%

TOP TEN HOLDINGS
SUN HUNG KAI PROPERTIES 4.9 %
DEUTSCHE ANNINGTON IMMOBILIE 3.6 %
CHINA OVERSEAS LAND & INVEST 3.4 %
HENDERSON LAND DEVELOPMENT 2.5 %
DAIWA HOUSE INDUSTRY CO LTD 1.9 %
NEW WORLD DEVELOPMENT CO. LTD. 1.8 %
LINK REIT 1.8 %
SWIRE PROPERTIES LTD 1.7 %
COUNTRY GARDEN HOLDINGS CO 1.6 %
UNIBAIL-RODAMCO-WESTFIELD STAPLED 1.6 %
Total 25.0 %

TOP COUNTRY EXPOSURE
HONG KONG 28.4 %
SINGAPORE 11.0 %
CHINA 7.9 %
AUSTRALIA 7.9 %
JAPAN 7.9 %
GERMANY 6.9 %
FRANCE 4.3 %
CANADA 3.9 %
BRITAIN 2.3 %
NETHERLANDS 1.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-20.0% -11.0% 4.7% 5.6% 0.7%

Market Correlations
versus... Beta R-squared
S&P500 0.83 57%
MSCI EAFE 1.01 72%
MSCI Emg. Mkts. 0.82 74%

Technical Indicators
Recent close $25.18
30d moving avg. $24.84
Annualized volatility 19.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.3%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $99

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the WisdomTree Global ex-US Real Estate Fund ETF based on the alternatives' overlap in portfolio holdings with DRW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DRW Expense: 58 bp ALTAR Score™: 10.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DRW
Ticker Fund
Name
Overlap1
vs DRW
(%)
Expense
ratio
(bp)
Savings
vs DRW
(bp)
ALTAR
Score™
(%)
ALTAR
vs DRW
(%)
VNQI Vanguard Global ex-US Real Estate Index Fund 52.4 12 46 10.0 -0.7
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 51.9 10 48 9.0 -1.7
WPS iShares International Developed Property ETF 50.0 48 10 7.6 -3.0
IFGL iShares International Developed Real Estate ETF 47.2 48 10 7.4 -3.2
RWX SPDR Dow Jones International Real Estate ETF 35.7 59 -1 6.5 -4.1
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 28.9 60 -2 7.0 -3.6
RWO SPDR Dow Jones Global Real Estate ETF 23.2 50 8 6.8 -3.8
IFEU iShares Europe Development Real Estate ETF 21.6 48 10 6.4 -4.3
GQRE FlexShares Global Quality Real Estate Index Fund 18.0 45 13 6.4 -4.2
REET iShares Global REIT ETF 17.9 14 44 7.2 -3.4
SCIX Global X Scientific Beta Asia ex-Japan ETF 16.8 38 20 6.6 -4.0
CHIR Global X MSCI China Real Estate ETF 16.2 65 -7 18.3 +7.7
EWH iShares MSCI Hong Kong ETF 12.1 49 9 6.8 -3.9
FLHK Franklin FTSE Hong Kong ETF 11.9 9 49 7.9 -2.7
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 9.9 30 28 8.4 -2.2
EPP iShares MSCI Pacific ex-Japan ETF 9.5 48 10 6.6 -4.1
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 8.8 19 39 6.9 -3.8
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 8.4 24 34 7.0 -3.7
DVYA iShares Asia/Pacific Dividend ETF 8.0 49 9 13.3 +2.6
ZHOK SPDR Solactive Hong Kong ETF 7.9 14 44 6.7 -4.0
DWX SPDR S&P International Dividend ETF 7.8 45 13 7.6 -3.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 7.7 80 -22 6.4 -4.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 6.8 35 23 8.5 -2.1
SCID Global X Scientific Beta Europe ETF 6.5 39 19 6.3 -4.3
FID First Trust S&P International Dividend Aristocrats ETF 6.5 60 -2 9.7 -0.9
WDIV SPDR Global Dividend ETF 6.2 40 18 9.7 -0.9
FXI iShares China Large-Cap ETF 6.2 74 -16 13.7 +3.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.1 80 -22 7.5 -3.1
IEUS iShares MSCI Europe Small-Cap ETF 6.1 40 18 7.5 -3.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 6.1 45 13 7.0 -3.7
SCHC Schwab International Small-Cap Equity ETF 6.1 11 47 6.5 -4.2
EWS iShares MSCI Singapore ETF 5.9 50 8 8.7 -1.9
OEUR O'shares FTSE Europe Quality Dividend ETF 5.8 48 10 6.5 -4.1
SCZ iShares MSCI Eafe Small-Cap ETF 5.7 40 18 6.9 -3.8
FLAU Franklin FTSE Australia ETF 5.3 9 49 6.8 -3.8
FDT First Trust Developed Markets ex-US Alphadex Fund 5.1 80 -22 7.2 -3.4
EWA iShares MSCI Australia ETF 5.0 50 8 6.3 -4.4
DIM WisdomTree International MidCap Dividend Fund 4.9 58 0 7.4 -3.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 4.9 29 29 7.6 -3.0
FLGR Franklin FTSE Germany ETF 4.9 9 49 6.9 -3.7
RNDM Developed International Equity Select ETF 4.9 65 -7 6.2 -4.5
IDLV Invesco S&P International Developed Low Volatility ETF 4.8 25 33 6.6 -4.1
EWG iShares MSCI Germany ETF 4.7 49 9 6.6 -4.1
SDIV Global X SuperDividend ETF 4.7 59 -1 13.3 +2.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 4.7 49 9 6.2 -4.5
DBGR Xtrackers MSCI Germany Hedged Equity ETF 4.6 45 13 6.6 -4.0
FHK First Trust Hong Kong AlphaDEX Fund 4.6 80 -22 8.5 -2.1
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 4.6 11 47 6.5 -4.1
QDEU SPDR MSCI Germany Quality Mix ETF 4.6 14 44 7.1 -3.5
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 4.6 40 18 8.4 -2.2
IPAC iShares Core MSCI Pacific ETF 4.6 9 49 7.1 -3.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.6 32 26 9.1 -1.6
FEUZ First Trust Eurozone AlphaDEX ETF 4.6 80 -22 7.1 -3.6
ISZE iShares Edge MSCI Intl Size Factor ETF 4.6 30 28 7.1 -3.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.5 60 -2 9.0 -1.7
DAX Global X DAX Germany ETF 4.5 21 37 7.1 -3.5
SMEZ SPDR EURO STOXX Small Cap ETF 4.4 45 13 5.9 -4.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 4.1 29 29 7.4 -3.2
FAUS First Trust Australia AlphaDEX Fund 4.0 80 -22 6.1 -4.6
FDEV Fidelity Targeted International Factor ETF 4.0 39 19 6.3 -4.3
IGRO iShares International Dividend Growth ETF 3.9 22 36 7.9 -2.7
VPL Vanguard FTSE Pacific ETF 3.9 8 50 7.4 -3.2
DLS WisdomTree International SmallCap Dividend Fund 3.8 58 0 8.2 -2.4
EDIV SPDR S&P Emerging Markets Dividend ETF 3.8 49 9 11.8 +1.2
TPIF Timothy Plan International ETF 3.8 62 -4 6.1 -4.5
JPIN JPMorgan Diversified Return International Equity ETF 3.7 37 21 7.7 -2.9
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 3.7 43 15 8.4 -2.3
SDEM Global X SuperDividend Emerging Markets ETF 3.7 66 -8 17.9 +7.3
FLAX Franklin FTSE Asia Ex Japan ETF 3.7 19 39 7.7 -2.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.6 58 0 7.7 -2.9
FEP First Trust Europe AlphaDEX Fund 3.6 80 -22 7.1 -3.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.6 68 -10 7.1 -3.5
FNDC Schwab Fundamental International Small Co. Index ETF 3.5 39 19 7.0 -3.7
IDV iShares International Select Dividend ETF 3.5 49 9 10.2 -0.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 3.5 63 -5 12.6 +2.0
IQDF FlexShares International Quality Dividend Index Fund 3.5 47 11 8.9 -1.7
MCHI iShares MSCI China ETF 3.5 59 -1 7.9 -2.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.4 59 -1 12.0 +1.4
JHMD John Hancock Multifactor Developed International ETF 3.4 39 19 7.2 -3.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 3.4 95 -37 8.0 -2.6
SDG iShares Sustainable MSCI Global Impact ETF 3.3 49 9 6.2 -4.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.3 50 8 6.1 -4.5
FLCH Franklin FTSE China ETF 3.3 19 39 8.4 -2.2
VSGX Vanguard ESG International Stock ETF 3.3 17 41 7.0 -3.6
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 3.3 45 13 14.4 +3.7
WWJD Inspire International ESG ETF 3.2 80 -22 7.2 -3.4
GXC SPDR S&P China ETF 3.2 59 -1 8.2 -2.5
NUDM Nuveen ESG International Developed Markets Equity ETF 3.2 40 18 6.6 -4.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.1 47 11 9.0 -1.6
CHIL Global X MSCI China Large-Cap 50 ETF 3.1 29 29 7.9 -2.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 3.0 20 38 11.2 +0.5
EFV iShares MSCI EAFE Value ETF 3.0 39 19 9.5 -1.2
IEFA iShares Core MSCI EAFE ETF 2.9 7 51 7.1 -3.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 2.9 32 26 6.0 -4.6
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 2.9 9 49 7.5 -3.2
GWX SPDR S&P International Small Cap ETF 2.8 40 18 6.2 -4.4
PXH Invesco FTSE RAFI Emerging Markets ETF 2.8 50 8 13.6 +3.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.8 59 -1 11.0 +0.4
AVEM Avantis Emerging Markets Equity ETF 2.8 33 25 8.9 -1.7

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 Global ex-US Real Estate 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 8.1 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 10.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.51
 
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.