WisdomTree DEFA Equity Income Fund
ALTAR
Score™
9.3% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
17.0x P/Sales
ratio
0.9x
P/BV
ratio
1.0x Div.
yield
4.6%


  • 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) $169
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 351
Wgt avg mkt cap (mns) $44,732
Large cap (>$10bn) 78.2%
Mid cap ($2-10bn) 18.7%
Small cap (<$2bn) 2.8%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
NOVARTIS AG-REG 4.3 %
GLAXOSMITHKLINE PLC 2.9 %
CHINA MOBILE LIMITED 2.6 %
SANOFI-AVENTIS 2.4 %
BRITISH AMERICAN TOBACCO PLC 2.4 %
FORTESCUE METALS GROUP LTD 2.0 %
SOFTBANK CORP. 1.9 %
ALLIANZ SE-REG 1.9 %
RIO TINTO PLC 1.8 %
IBERDROLA SA 1.5 %
Total 23.6 %

TOP COUNTRY EXPOSURE
JAPAN 18.7 %
BRITAIN 13.5 %
AUSTRALIA 11.5 %
GERMANY 10.7 %
SWITZERLAND 9.1 %
HONG KONG 9.0 %
FRANCE 5.4 %
SPAIN 4.0 %
ITALY 3.8 %
SINGAPORE 3.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-22.5% -18.7% -0.6% 1.4% 1.1%

Market Correlations
versus... Beta R-squared
S&P500 0.84 74%
MSCI EAFE 1.05 95%
MSCI Emg. Mkts. 0.76 77%

Technical Indicators
Recent close $36.68
30d moving avg. $34.02
Annualized volatility 17.5%
Short interest (ETF) 0.1%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 51
Turnover 1.1%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $11,947

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 9.3%


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 56.7 48 10 8.3 -1.0
DWM WisdomTree International Equity Fund 54.1 48 10 7.9 -1.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 53.5 35 23 8.2 -1.1
IDY Pacific Global International Equity Income ETF 44.3 39 19 8.7 -0.6
EFV iShares MSCI EAFE Value ETF 43.8 39 19 8.5 -0.8
DOO WisdomTree International Dividend ex-Financials Fund 41.5 58 0 8.4 -1.0
VYMI Vanguard International High Dividend Yield ETF 38.6 27 31 9.3 -0.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 38.3 20 38 8.8 -0.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 38.1 20 38 10.3 +1.0
VGFO Virtus WMC Global Factor Opportunities ETF 36.6 49 9 7.4 -1.9
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 29.7 45 13 9.8 +0.5
IVLU iShares Edge MSCI Intl Value Factor ETF 29.7 30 28 10.3 +1.0
OEUR O'shares FTSE Europe Quality Dividend ETF 28.2 48 10 6.6 -2.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 27.8 45 13 7.8 -1.5
LVHI Legg Mason International Low Volatility High Dividend ETF 27.5 40 18 8.8 -0.5
DEW WisdomTree Global High Dividend Fund 26.7 58 0 8.9 -0.4
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 26.7 30 28 7.8 -1.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 25.7 14 44 6.3 -3.0
FNDF Schwab Fundamental International Large Co. Index ETF 25.6 25 33 7.8 -1.5
JHMD John Hancock Multifactor Developed International ETF 25.3 39 19 6.7 -2.6
QEFA SPDR MSCI EAFE Quality Mix ETF 24.9 30 28 6.2 -3.1
EFA iShares MSCI EAFE ETF 24.5 32 26 6.4 -2.9
GSID Goldman Sachs MarketBeta International Equity ETF 24.4 20 38 6.7 -2.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 24.4 35 23 6.4 -3.0
PDEV Principal International Multi-Factor Core Index ETF 24.4 25 33 7.2 -2.2
FIVA Fidelity International Value Factor ETF 24.2 39 19 9.0 -0.4
CIL VictoryShares International Volatility Weighted Index ETF 23.9 45 13 6.4 -2.9
IDV iShares International Select Dividend ETF 23.8 49 9 9.2 -0.2
IDOG ALPS International Sector Dividend Dogs ETF 23.8 50 8 9.8 +0.5
IQIN IQ 500 International ETF 23.8 25 33 7.6 -1.7
HFXI IQ 50 Percent Hedged FTSE International ETF 23.7 20 38 6.8 -2.5
IEV iShares Europe ETF 23.7 59 -1 6.3 -3.0
ESGD iShares MSCI EAFE ESG Optimized ETF 23.5 20 38 6.3 -3.0
IQSI IQ Candriam ESG International Equity ETF 23.4 15 43 6.8 -2.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.4 29 29 7.3 -2.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 23.4 20 38 6.5 -2.8
BBEU JPMorgan BetaBuilders Europe ETF 23.3 9 49 6.8 -2.6
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 23.2 35 23 6.2 -3.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 23.2 20 38 5.1 -4.2
IGRO iShares International Dividend Growth ETF 23.2 22 36 7.6 -1.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 23.0 45 13 6.2 -3.1
FLEH Franklin FTSE Europe Hedged ETF 22.9 9 49 6.7 -2.7
IPAC iShares Core MSCI Pacific ETF 22.9 9 49 6.5 -2.8
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 22.7 80 -22 6.2 -3.1
FLEE Franklin FTSE Europe ETF 22.7 9 49 6.5 -2.8
BKIE BNY Mellon International Equity ETF 22.6 4 54 6.7 -2.6
IQDE FlexShares International Quality Dividend Defensive Index Fd 22.6 47 11 8.2 -1.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 22.6 7 51 6.8 -2.5
IDLV Invesco S&P International Developed Low Volatility ETF 22.3 25 33 6.2 -3.1
PQIN PGIM QMA Strategic Alpha International Equity ETF 22.2 29 29 7.2 -2.1
RESD WisdomTree International ESG Fund 22.1 30 28 6.3 -3.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 22.0 45 13 6.4 -2.9
EURZ Xtrackers Eurozone Equity ETF 21.9 9 49 6.4 -3.0
IEFA iShares Core MSCI EAFE ETF 21.8 7 51 6.6 -2.7
EZU iShares MSCI Eurozone ETF 21.7 49 9 6.0 -3.3
VGK Vanguard FTSE Europe ETF 21.6 8 50 6.8 -2.5
JPIN JPMorgan Diversified Return International Equity ETF 21.6 37 21 7.2 -2.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 21.5 58 0 5.7 -3.6
ISDX Invesco Strategic Developed ex-US ETF 21.4 23 35 6.4 -2.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 21.4 45 13 6.1 -3.2
IEUR iShares Core MSCI Europe ETF 21.3 9 49 6.7 -2.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 21.1 32 26 5.7 -3.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 20.8 39 19 6.0 -3.4
SCHF Schwab International Equity ETF 20.7 6 52 6.7 -2.6
FEU SPDR Portfolio Europe ETF 20.7 9 49 6.8 -2.6
IQDF FlexShares International Quality Dividend Index Fund 20.5 47 11 8.2 -1.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 20.4 30 28 5.6 -3.8
IDEV iShares Core MSCI International Developed Markets ETF 20.0 5 53 6.6 -2.7
DMDV AAM S&P Developed Markets High Dividend Value ETF 19.7 39 19 10.2 +0.9
TPIF Timothy Plan International ETF 19.6 62 -4 6.1 -3.2
VPL Vanguard FTSE Pacific ETF 19.3 8 50 6.7 -2.6
RBIN Nationwide Risk-Based International Equity ETF 19.3 42 16 6.1 -3.3
ESGN Columbia Sustainable International Equity Income ETF 19.2 45 13 9.7 +0.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 19.1 25 33 6.2 -3.1
DIM WisdomTree International MidCap Dividend Fund 19.0 58 0 6.9 -2.4
SPDW SPDR Portfolio Developed World ex-US ETF 18.9 4 54 6.5 -2.9
VEA Vanguard FTSE Developed Markets ETF 18.8 5 53 6.8 -2.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 18.6 25 33 6.1 -3.3
FDEV Fidelity Targeted International Factor ETF 18.4 39 19 6.2 -3.1
DWMF WisdomTree International Multifactor Fund 18.4 38 20 6.2 -3.2
ISZE iShares Edge MSCI Intl Size Factor ETF 17.8 30 28 6.5 -2.9
EFAS Global X MSCI SuperDividend EAFE ETF 17.6 56 2 8.1 -1.2
CWI SPDR MSCI ACWI ex-US ETF 17.6 30 28 6.6 -2.7
GCOW Pacer Global High Dividend ETF 17.5 60 -2 9.4 +0.1
EPP iShares MSCI Pacific ex-Japan ETF 17.3 48 10 5.7 -3.6
RNDM Developed International Equity Select ETF 17.3 65 -7 5.7 -3.6
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 17.1 19 39 6.1 -3.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 16.6 24 34 6.6 -2.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 16.6 47 11 8.3 -1.0
EWJV iShares MSCI Japan Value ETF 16.3 15 43 9.1 -0.2
LVIN Hartford Multifactor Low Volatility International Equity ETF 16.1 29 29 10.8 +1.5
FEZ SPDR EURO STOXX 50 ETF 15.9 29 29 6.2 -3.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 15.8 16 42 6.3 -3.0
ACWX iShares MSCI ACWI ex U.S. ETF 15.8 32 26 6.7 -2.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.8 40 18 6.5 -2.8
IXG iShares Global Financials ETF 15.7 46 12 8.7 -0.7
QJPN SPDR MSCI Japan StrategicFactors ETF 15.6 14 44 6.8 -2.5
EWJ iShares MSCI Japan ETF 15.4 49 9 6.3 -3.0

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 9.6 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 9.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.55
 
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.