WisdomTree DEFA Equity Income Fund
ALTAR
Score™
9.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
16.0x P/Sales
ratio
0.9x
P/BV
ratio
1.0x Div.
yield
4.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree DEFA Equity Income Fund seeks investment results that correspond to the performance of the WisdomTree DIEFA Equity Income Index.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $187
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 376
Wgt avg mkt cap (mns) $48,838
Large cap (>$10bn) 79.0%
Mid cap ($2-10bn) 18.0%
Small cap (<$2bn) 3.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
CHINA MOBILE LIMITED 2.7 %
BRITISH AMERICAN TOBACCO PLC 2.5 %
TOTAL SA 2.2 %
GLAXOSMITHKLINE PLC 2.2 %
SANOFI-AVENTIS 2.1 %
BP PLC 2.0 %
ASTRAZENECA PLC 1.9 %
ROYAL DUTCH SHELL PLC-A SHS 1.8 %
NTT DOCOMO, INC. 1.7 %
ENEL SPA 1.7 %
Total 20.9 %

TOP COUNTRY EXPOSURE
BRITAIN 20.4 %
JAPAN 15.6 %
GERMANY 12.3 %
AUSTRALIA 9.1 %
FRANCE 7.3 %
HONG KONG 6.4 %
SWITZERLAND 4.6 %
SPAIN 4.6 %
ITALY 4.4 %
FINLAND 2.8 %

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.
-20.1% -15.3% -0.9% 4.2% 1.4%

Market Correlations
versus... Beta R-squared
S&P500 0.87 73%
MSCI EAFE 1.06 95%
MSCI Emg. Mkts. 0.79 82%

Technical Indicators
Recent close $33.91
30d moving avg. $33.73
Annualized volatility 17.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 25
Turnover 0.5%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $28,482

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the WisdomTree DEFA Equity Income Fund ETF based on the alternatives' overlap in portfolio holdings with DTH. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DTH Expense: 58 bp ALTAR Score™: 9.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DTH
Ticker Fund
Name
Overlap1
vs DTH
(%)
Expense
ratio
(bp)
Savings
vs DTH
(bp)
ALTAR
Score™
(%)
ALTAR
vs DTH
(%)
DOL WisdomTree International LargeCap Dividend Fund 55.7 48 10 8.4 -1.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 52.0 35 23 8.4 -1.2
DWM WisdomTree International Equity Fund 51.3 48 10 8.2 -1.4
EFV iShares MSCI EAFE Value ETF 48.2 39 19 9.4 -0.2
IDY Pacific Global International Equity Income ETF 47.5 39 19 7.9 -1.7
DOO WisdomTree International Dividend ex-Financials Fund 46.1 58 0 8.7 -1.0
VYMI Vanguard International High Dividend Yield ETF 44.6 32 26 10.1 +0.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 37.9 20 38 10.9 +1.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 36.4 45 13 8.8 -0.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 34.7 20 38 9.4 -0.3
FNDF Schwab Fundamental International Large Co. Index ETF 34.4 25 33 8.7 -0.9
OEUR O'shares FTSE Europe Quality Dividend ETF 32.3 48 10 6.5 -3.1
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 31.4 30 28 7.4 -2.2
IEV iShares Europe ETF 30.1 59 -1 6.7 -3.0
ISDX Invesco Strategic Developed ex-US ETF 29.9 23 35 7.5 -2.1
BBEU JPMorgan BetaBuilders Europe ETF 29.7 9 49 7.2 -2.4
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 29.4 30 28 6.7 -2.9
IVLU iShares Edge MSCI Intl Value Factor ETF 29.3 30 28 11.3 +1.7
FLEH Franklin FTSE Europe Hedged ETF 29.2 9 49 7.0 -2.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 29.0 45 13 6.5 -3.1
FLEE Franklin FTSE Europe ETF 28.9 9 49 6.9 -2.7
IQIN IQ 500 International ETF 28.9 25 33 8.8 -0.8
EFA iShares MSCI EAFE ETF 28.6 32 26 7.0 -2.7
ESGD iShares MSCI EAFE ESG Optimized ETF 28.5 20 38 6.9 -2.8
JHMD John Hancock Multifactor Developed International ETF 28.5 39 19 7.4 -2.2
GSID Goldman Sachs MarketBeta International Equity ETF 28.3 20 38 7.3 -2.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 28.2 35 23 6.9 -2.8
IQSI IQ Candriam ESG International Equity ETF 28.1 15 43 7.2 -2.4
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 27.8 45 13 9.9 +0.3
IDOG ALPS International Sector Dividend Dogs ETF 27.6 50 8 10.8 +1.2
IEUR iShares Core MSCI Europe ETF 27.6 9 49 7.1 -2.5
HFXI IQ 50 Percent Hedged FTSE International ETF 27.3 20 38 7.4 -2.2
VGK Vanguard FTSE Europe ETF 27.3 8 50 7.3 -2.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 26.9 14 44 6.9 -2.8
DEW WisdomTree Global High Dividend Fund 26.4 58 0 9.3 -0.3
BKIE BNY Mellon International Equity ETF 26.4 4 54 7.4 -2.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 26.4 7 51 7.5 -2.1
EZU iShares MSCI Eurozone ETF 26.3 49 9 6.5 -3.1
EURZ Xtrackers Eurozone Equity ETF 26.3 9 49 6.9 -2.7
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 26.1 35 23 6.8 -2.8
FEU SPDR Portfolio Europe ETF 26.0 9 49 7.2 -2.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 25.9 45 13 6.7 -2.9
QEFA SPDR MSCI EAFE Quality Mix ETF 25.8 30 28 6.8 -2.8
IDV iShares International Select Dividend ETF 25.8 49 9 10.0 +0.4
IEFA iShares Core MSCI EAFE ETF 25.8 7 51 7.3 -2.4
PDEV Principal International Multi-Factor Core Index ETF 25.4 25 33 7.9 -1.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 25.4 20 38 7.0 -2.6
SCHF Schwab International Equity ETF 24.4 6 52 7.3 -2.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 23.8 39 19 6.6 -3.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.6 29 29 8.6 -1.0
IDEV iShares Core MSCI International Developed Markets ETF 23.5 5 53 7.2 -2.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 23.2 25 33 6.4 -3.2
SPDW SPDR Portfolio Developed World ex-US ETF 22.8 4 54 7.1 -2.5
JPEU JPMorgan Diversified Return Europe Equity ETF 22.6 37 21 7.0 -2.6
LVHI Legg Mason International Low Volatility High Dividend ETF 22.4 40 18 9.2 -0.4
VEA Vanguard FTSE Developed Markets ETF 22.2 5 53 7.4 -2.2
IQDE FlexShares International Quality Dividend Defensive Index Fd 22.2 47 11 12.1 +2.5
EFAS Global X MSCI SuperDividend EAFE ETF 22.1 56 2 9.6 +0.0
IQDF FlexShares International Quality Dividend Index Fund 21.9 47 11 12.2 +2.6
JPIN JPMorgan Diversified Return International Equity ETF 21.8 37 21 8.0 -1.7
CIL VictoryShares International Volatility Weighted Index ETF 21.7 45 13 6.7 -3.0
IPAC iShares Core MSCI Pacific ETF 21.3 9 49 7.4 -2.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 21.3 29 29 7.6 -2.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 21.0 25 33 6.6 -3.1
FIVA Fidelity International Value Factor ETF 21.0 39 19 10.0 +0.3
CWI SPDR MSCI ACWI ex-US ETF 20.8 30 28 7.1 -2.5
DIM WisdomTree International MidCap Dividend Fund 20.7 58 0 7.7 -1.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 20.7 20 38 5.5 -4.2
SCID Global X Scientific Beta Europe ETF 20.5 39 19 6.4 -3.2
ISZE iShares Edge MSCI Intl Size Factor ETF 20.3 30 28 7.4 -2.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 19.6 30 28 6.0 -3.6
FLGB Franklin FTSE United Kingdom ETF 19.6 9 49 7.6 -2.0
VPL Vanguard FTSE Pacific ETF 19.6 8 50 7.7 -1.9
FEZ SPDR EURO STOXX 50 ETF 19.6 29 29 7.0 -2.7
QGBR SPDR MSCI UK StrategicFactors ETF 19.6 14 44 7.6 -2.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 19.3 39 19 8.4 -1.2
EWU iShares MSCI United Kingdom ETF 19.1 50 8 7.1 -2.6
EUMV iShares Edge MSCI Min Vol Europe ETF 19.1 25 33 4.9 -4.7
ACWX iShares MSCI ACWI ex U.S. ETF 18.6 32 26 7.2 -2.4
FIDI Fidelity International High Dividend ETF 18.6 39 19 11.0 +1.4
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 18.6 30 28 0.0 -9.6
JPGE JPMorgan Diversified Return Global Equity ETF 18.5 29 29 7.5 -2.1
VEU Vanguard FTSE All-World ex-US Index Fund 18.5 8 50 7.5 -2.1
TPIF Timothy Plan International ETF 18.4 62 -4 6.3 -3.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 18.4 40 18 7.0 -2.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 17.9 47 11 12.5 +2.9
RNDM Developed International Equity Select ETF 17.7 65 -7 6.3 -3.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 17.7 24 34 7.2 -2.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 17.3 16 42 6.8 -2.8
IXUS ishares Core MSCI Total International Stock ETF 17.0 9 49 7.3 -2.3
LVIN Hartford Multifactor Low Volatility International Equity ETF 17.0 29 29 12.1 +2.5
VXUS Vanguard Total International Stock Index Fund 16.9 8 50 7.5 -2.1
DGT SPDR Global Dow ETF 16.6 50 8 6.6 -3.0
NUDM Nuveen ESG International Developed Markets Equity ETF 16.4 40 18 6.9 -2.7
IDLV Invesco S&P International Developed Low Volatility ETF 16.3 25 33 6.7 -3.0
RFDI First Trust Riverfront Dynamic Developed International ETF 16.3 83 -25 5.6 -4.0
FDEV Fidelity Targeted International Factor ETF 16.1 39 19 6.5 -3.1
RBIN Nationwide Risk-Based International Equity ETF 16.1 42 16 6.4 -3.2
IGRO iShares International Dividend Growth ETF 16.0 22 36 8.0 -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 DEFA Equity Income 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 9.7 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 9.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.