WisdomTree DEFA Equity Income Fund
ALTAR
Score™
12.3% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
10.2x P/Sales
ratio
0.7x
P/BV
ratio
0.8x Div.
yield
6.7%


  • 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) $171
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 465
Wgt avg mkt cap (mns) $43,554
Large cap (>$10bn) 76.7%
Mid cap ($2-10bn) 19.0%
Small cap (<$2bn) 4.3%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
CHINA MOBILE LIMITED 2.9 %
BRITISH AMERICAN TOBACCO PLC 2.3 %
TOTAL SA 2.3 %
BP PLC 2.2 %
GLAXOSMITHKLINE PLC 2.1 %
NTT DOCOMO, INC. 2.0 %
ROYAL DUTCH SHELL PLC-A SHS 1.9 %
SANOFI-AVENTIS 1.8 %
HSBC HOLDINGS PLC 1.6 %
ASTRAZENECA PLC 1.6 %
Total 20.6 %

TOP COUNTRY EXPOSURE
BRITAIN 23.3 %
JAPAN 14.7 %
FRANCE 9.9 %
GERMANY 9.5 %
AUSTRALIA 7.0 %
HONG KONG 6.6 %
SPAIN 4.8 %
ITALY 4.6 %
SWITZERLAND 3.9 %
SINGAPORE 2.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-29.4% -23.6% -3.4% 1.0% 0.5%

Market Correlations
versus... Beta R-squared
S&P500 0.94 73%
MSCI EAFE 1.09 95%
MSCI Emg. Mkts. 0.85 85%

Technical Indicators
Recent close $28.90
30d moving avg. $32.34
Annualized volatility 16.8%
Short interest (ETF) 1.1%
Relative strength (RSI) 31

Liquidity measures
Avg. volume (thou.) 166
Turnover 2.8%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $21,151

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™: 12.3%


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
(%)
EFV iShares MSCI EAFE Value ETF 58.8 39 19 12.4 +0.1
DOL WisdomTree International LargeCap Dividend Fund 57.3 48 10 10.8 -1.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 53.9 35 23 10.8 -1.6
IDY Pacific Global International Equity Income ETF 53.0 39 19 10.8 -1.5
DWM WisdomTree International Equity Fund 52.9 48 10 10.6 -1.7
VYMI Vanguard International High Dividend Yield ETF 49.9 32 26 12.3 -0.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 44.8 45 13 11.3 -1.0
DOO WisdomTree International Dividend ex-Financials Fund 44.1 58 0 10.9 -1.5
FNDF Schwab Fundamental International Large Co. Index ETF 41.0 25 33 11.1 -1.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 38.1 20 38 12.7 +0.4
IEV iShares Europe ETF 37.8 59 -1 8.6 -3.7
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 37.1 30 28 8.5 -3.8
BBEU JPMorgan BetaBuilders Europe ETF 37.1 9 49 9.1 -3.3
FLEE Franklin FTSE Europe ETF 36.6 9 49 8.8 -3.5
FLEH Franklin FTSE Europe Hedged ETF 36.4 9 49 8.7 -3.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 36.3 45 13 8.2 -4.1
CID Victory CEMP Intl High Dividend Volatility Wtd Index ETF 35.6 45 13 14.8 +2.4
VGK Vanguard FTSE Europe ETF 35.6 8 50 9.3 -3.0
IEUR iShares Core MSCI Europe ETF 35.4 9 49 9.2 -3.2
EFA iShares MSCI EAFE ETF 34.2 32 26 9.0 -3.4
FEU SPDR Portfolio Europe ETF 33.8 9 49 9.1 -3.2
IQSI IQ Candriam ESG International Equity ETF 33.6 15 43 9.1 -3.3
OEUR O'shares FTSE Europe Quality Dividend ETF 33.6 48 10 7.6 -4.7
ESGD iShares MSCI EAFE ESG Optimized ETF 33.4 20 38 9.0 -3.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 33.0 35 23 8.7 -3.7
IVLU iShares Edge MSCI Intl Value Factor ETF 32.8 30 28 14.1 +1.7
JHMD John Hancock Multifactor Developed International ETF 32.7 45 13 9.3 -3.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 32.6 20 38 11.1 -1.2
IQIN IQ 500 International ETF 32.5 25 33 11.1 -1.2
HFXI IQ 50 Percent Hedged FTSE International ETF 32.4 20 38 9.3 -3.1
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 31.9 30 28 8.6 -3.7
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 31.8 7 51 9.5 -2.9
ISDX Invesco Strategic Developed ex-US ETF 31.3 23 35 9.9 -2.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 31.2 20 38 9.0 -3.3
IEFA iShares Core MSCI EAFE ETF 30.9 7 51 9.2 -3.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 30.1 25 33 8.3 -4.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 30.0 14 44 8.6 -3.7
QEFA SPDR MSCI EAFE Quality Mix ETF 30.0 30 28 8.2 -4.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 29.4 45 13 8.7 -3.7
SCHF Schwab International Equity ETF 29.0 6 52 9.3 -3.0
EZU iShares MSCI Eurozone ETF 29.0 49 9 8.9 -3.4
EURZ Xtrackers Eurozone Equity ETF 29.0 9 49 9.2 -3.2
DEW WisdomTree Global High Dividend Fund 28.5 58 0 11.4 -1.0
IDEV iShares Core MSCI International Developed Markets ETF 28.4 5 53 9.3 -3.1
IDV iShares International Select Dividend ETF 28.4 49 9 14.8 +2.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 27.6 39 19 8.3 -4.0
SPDW SPDR Portfolio Developed World ex-US ETF 27.5 4 54 9.1 -3.2
IDOG ALPS International Sector Dividend Dogs ETF 27.1 50 8 13.5 +1.2
VEA Vanguard FTSE Developed Markets ETF 26.5 5 53 9.5 -2.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 26.3 29 29 10.6 -1.7
CIZ Victory CEMP Developed Enhanced Volatility Weighted Index ET 26.3 45 13 9.3 -3.1
CIL Victory CEMP International Volatility Weighted Index ETF 25.9 45 13 9.2 -3.2
PDEV Principal International Multi-Factor Core Index ETF 25.6 25 33 8.5 -3.8
IQDE FlexShares International Quality Dividend Defensive Index Fd 25.4 47 11 15.5 +3.1
CWI SPDR MSCI ACWI ex-US ETF 25.2 30 28 9.3 -3.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 25.0 25 33 8.6 -3.8
SCID Global X Scientific Beta Europe ETF 24.9 38 20 8.8 -3.6
LVHI Legg Mason International Low Volatility High Dividend ETF 24.7 40 18 11.9 -0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 24.6 39 19 11.7 -0.6
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 24.1 48 10 0.0 -12.3
JPEU JPMorgan Diversified Return Europe Equity ETF 24.0 37 21 8.6 -3.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 23.6 29 29 9.4 -2.9
RFDI First Trust Riverfront Dynamic Developed International ETF 23.6 83 -25 7.9 -4.4
IQDF FlexShares International Quality Dividend Index Fund 23.4 47 11 16.0 +3.7
RBIN Nationwide Risk-Based International Equity ETF 23.0 42 16 8.4 -4.0
ACWX iShares MSCI ACWI ex U.S. ETF 22.9 32 26 9.4 -3.0
TPIF Timothy Plan International ETF 22.9 62 -4 8.8 -3.5
RNDM Developed International Equity Select ETF 22.8 65 -7 8.1 -4.2
FIDI Fidelity International High Dividend ETF 22.7 39 19 16.1 +3.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 22.7 20 38 6.7 -5.6
VEU Vanguard FTSE All-World ex-US Index Fund 22.5 8 50 9.6 -2.7
ISZE iShares Edge MSCI Intl Size Factor ETF 22.4 30 28 9.1 -3.3
EUMV iShares Edge MSCI Min Vol Europe ETF 22.4 25 33 6.4 -6.0
JPIN JPMorgan Diversified Return International Equity ETF 22.2 38 20 9.8 -2.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 22.1 40 18 9.0 -3.3
FLGB Franklin FTSE United Kingdom ETF 22.0 9 49 9.0 -3.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 21.9 30 28 7.5 -4.9
QGBR SPDR MSCI UK StrategicFactors ETF 21.7 14 44 9.1 -3.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 21.6 58 0 13.6 +1.2
FIVA Fidelity International Value Factor ETF 21.6 39 19 13.1 +0.7
EWU iShares MSCI United Kingdom ETF 21.3 50 8 8.5 -3.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 21.1 16 42 8.7 -3.6
IXUS ishares Core MSCI Total International Stock ETF 21.0 9 49 9.5 -2.9
DIM WisdomTree International MidCap Dividend Fund 21.0 58 0 10.2 -2.1
VXUS Vanguard Total International Stock Index Fund 20.8 8 50 9.6 -2.7
IPAC iShares Core MSCI Pacific ETF 20.8 9 49 9.4 -3.0
RFEU First Trust Riverfront Dynamic Europe ETF 20.1 83 -25 6.3 -6.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 20.0 24 34 9.1 -3.2
FEZ SPDR EURO STOXX 50 ETF 19.7 29 29 9.3 -3.1
DGT SPDR Global Dow ETF 19.4 50 8 8.6 -3.8
JPGE JPMorgan Diversified Return Global Equity ETF 19.1 29 29 9.2 -3.2
AVDE Avantis International Equity ETF 19.1 23 35 10.2 -2.1
LVIN Hartford Multifactor Low Volatility International Equity ETF 18.6 29 29 14.6 +2.3
VSGX Vanguard ESG International Stock ETF 18.6 17 41 9.1 -3.3
VPL Vanguard FTSE Pacific ETF 18.4 8 50 9.8 -2.5
UIVM VictoryShares USAA MSCI International Value Momentum ETF 18.1 35 23 10.7 -1.7
IDLV Invesco S&P International Developed Low Volatility ETF 18.0 25 33 8.0 -4.3
DMDV AAM S&P Developed Markets High Dividend Value ETF 17.8 39 19 13.9 +1.5
IXG iShares Global Financials ETF 17.4 46 12 12.5 +0.1

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 9.9 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 12.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.58
 
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.