WisdomTree Emerging Markets Dividend Fund
ALTAR
Score™
7.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
16.4x P/Sales
ratio
1.2x
P/BV
ratio
1.7x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The WisdomTree Emerging Markets Dividend Fund tracks an index of emerging market stocks across the market-cap spectrum. The index holds only dividend-paying stocks, weighted by annual cash dividends paid.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date Apr 07, 2016
Assets (mns) $33
Currency USD
Expense ratio 32 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Dividend
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 299
Wgt avg mkt cap (mns) $156,015
Large cap (>$10bn) 59.4%
Mid cap ($2-10bn) 34.7%
Small cap (<$2bn) 4.4%
Developed mkts 6.6%
Emerging mkts 93.4%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 8.7 %
TENCENT HOLDINGS LTD 6.3 %
TAIWAN SEMICONDUCTOR MANUFAC 6.2 %
SAMSUNG ELECTRONICS CO LTD 4.0 %
PING AN INSURANCE GROUP CO-H 1.3 %
JD.COM INC-ADR 1.1 %
NHN CORP 0.9 %
INFOSYS TECHNOLOGIES LTD 0.9 %
BAIDU INC - SPON ADR 0.9 %
NETEASE.COM INC-ADR 0.8 %
Total 31.1 %

TOP COUNTRY EXPOSURE
CHINA 35.5 %
TAIWAN 15.8 %
SOUTH KOREA 14.9 %
INDIA 9.6 %
BRAZIL 5.4 %
SOUTH AFRICA 4.5 %
HONG KONG 3.9 %
MEXICO 2.1 %
MALAYSIA 2.0 %
THAILAND 1.7 %

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.
-5.6% 7.2% -- -- 6.9%

Market Correlations
versus... Beta R-squared
S&P500 0.92 64%
MSCI EAFE 1.10 77%
MSCI Emg. Mkts. 0.96 95%

Technical Indicators
Recent close $30.12
30d moving avg. $30.81
Annualized volatility 20.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.2%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $8,697

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the WisdomTree Emerging Markets Dividend Fund ETF based on the alternatives' overlap in portfolio holdings with DVEM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DVEM Expense: 32 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DVEM
Ticker Fund
Name
Overlap1
vs DVEM
(%)
Expense
ratio
(bp)
Savings
vs DVEM
(bp)
ALTAR
Score™
(%)
ALTAR
vs DVEM
(%)
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 52.5 32 0 6.0 -1.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 52.4 45 -13 7.7 +0.3
ESGE iShares ESG MSCI EM ETF 50.9 25 7 8.8 +1.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 50.7 30 2 7.9 +0.5
EEMA iShares MSCI Emerging Markets Asia ETF 50.5 50 -18 7.8 +0.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 47.7 68 -36 7.2 -0.2
EEM iShares MSCI Emerging Markets ETF 47.4 68 -36 7.6 +0.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 46.7 65 -33 7.6 +0.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 46.7 36 -4 7.7 +0.2
FLAX Franklin FTSE Asia Ex Japan ETF 45.8 19 13 7.9 +0.4
JHEM John Hancock Multifactor Emerging Markets ETF 44.3 49 -17 8.8 +1.3
IEMG iShares Core MSCI Emerging Markets ETF 42.6 13 19 8.1 +0.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 41.9 20 12 7.0 -0.5
SCHE Schwab Emerging Markets Equity ETF 41.9 11 21 8.2 +0.7
EEMO Invesco S&P Emerging Markets Momentum ETF 41.5 29 3 6.5 -0.9
EMMF WisdomTree Emerging Markets Multifactor Fund 39.7 48 -16 9.7 +2.2
PBEE Invesco PureBeta FTSE Emerging Markets ETF 38.8 15 17 8.9 +1.4
NUEM Nuveen ESG Emerging Markets Equity ETF 37.5 45 -13 7.1 -0.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 37.4 32 0 9.2 +1.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 37.0 95 -63 8.4 +0.9
VWO Vanguard FTSE Emerging Markets ETF 36.7 10 22 8.2 +0.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 36.5 40 -8 7.4 -0.0
BKF iShares MSCI BRIC ETF 36.3 69 -37 7.7 +0.3
GMF SPDR S&P Emerging Asia Pacific ETF 34.9 49 -17 7.5 +0.1
SPEM SPDR Portfolio Emerging Markets ETF 34.8 11 21 8.1 +0.7
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 34.3 45 -13 9.2 +1.8
BKEM BNY Mellon Emerging Markets Equity ETF 34.2 11 21 8.6 +1.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 33.9 30 2 9.0 +1.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 33.2 49 -17 8.1 +0.7
FDEM Fidelity Targeted Emerging Markets Factor ETF 32.3 45 -13 8.8 +1.3
AVEM Avantis Emerging Markets Equity ETF 31.4 33 -1 9.1 +1.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 30.8 32 0 6.1 -1.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 30.0 49 -17 7.9 +0.4
MCHI iShares MSCI China ETF 29.8 59 -27 8.1 +0.6
PXH Invesco FTSE RAFI Emerging Markets ETF 29.5 50 -18 13.9 +6.5
EMXC iShares MSCI Emerging Markets ex China ETF 29.4 25 7 8.3 +0.9
GXC SPDR S&P China ETF 29.1 59 -27 8.3 +0.9
FLCH Franklin FTSE China ETF 28.3 19 13 8.6 +1.1
KALL KraneShares FTSE Emerging Markets Plus ETF 27.8 49 -17 8.3 +0.9
CN Xtrackers MSCI All China Equity ETF 26.8 50 -18 8.4 +1.0
ISEM Invesco Strategic Emerging Markets ETF 25.4 35 -3 11.1 +3.7
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 24.2 50 -18 10.7 +3.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 24.0 39 -7 13.5 +6.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 23.8 59 -27 11.4 +3.9
ROAM Hartford Multifactor Emerging Markets ETF 23.3 44 -12 13.4 +5.9
CHIL Global X MSCI China Large-Cap 50 ETF 22.7 29 3 8.0 +0.5
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 22.6 25 7 8.1 +0.6
AIA iShares Asia 50 ETF 22.4 50 -18 8.2 +0.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 21.2 86 -54 2.3 -5.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 21.1 44 -12 9.2 +1.8
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 20.7 45 -13 14.7 +7.3
ECON Columbia Emerging Markets Consumer ETF 19.9 59 -27 4.6 -2.8
FDNI First Trust Dow Jones International Internet ETF 19.6 65 -33 2.2 -5.3
XCEM Columbia EM Core ex-China ETF 19.6 16 16 7.4 -0.0
KWEB KraneShares CSI China Internet ETF 19.0 76 -44 2.0 -5.4
RNEM Emerging Markets Equity Select ETF 18.6 75 -43 12.4 +5.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 17.6 16 16 6.9 -0.5
TTTN UP Fintech China-U.S. Internet Titans ETF 17.5 59 -27 4.3 -3.2
CHIQ Global X China Consumer ETF 16.3 65 -33 7.4 -0.0
VSGX Vanguard ESG International Stock ETF 16.1 17 15 7.1 -0.3
EWT iShares MSCI Taiwan ETF 15.8 59 -27 6.1 -1.3
PIE Invesco DWA Emerging Markets Momentum ETF 15.6 90 -58 5.0 -2.4
FLTW Franklin FTSE Taiwan ETF 15.5 19 13 6.4 -1.1
EWY iShares MSCI South Korea ETF 14.8 59 -27 8.5 +1.0
BICK First Trust BICK Index Fund 14.3 64 -32 4.6 -2.8
PEK VanEck Vectors ChinaAMC CSI 300 ETF 14.0 60 -28 7.2 -0.2
FLKR Franklin FTSE South Korea ETF 13.9 9 23 8.9 +1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.7 40 -8 7.1 -0.4
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 13.1 18 14 5.5 -2.0
ACWX iShares MSCI ACWI ex U.S. ETF 13.1 32 0 7.3 -0.2
FNI First Trust Chindia ETF 12.6 60 -28 2.6 -4.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 12.5 29 3 10.2 +2.8
PGJ Invesco Golden Dragon China ETF 12.4 70 -38 3.3 -4.1
OGIG O'Shares Global Internet Giants ETF 12.3 48 -16 0.8 -6.7
IXUS ishares Core MSCI Total International Stock ETF 12.3 9 23 7.4 -0.1
VXUS Vanguard Total International Stock Index Fund 11.5 8 24 7.5 +0.1
PNQI Invesco NASDAQ Internet ETF 11.5 60 -28 1.0 -6.4
FEM First Trust Emerging Markets AlphaDEX Fund 11.2 80 -48 14.2 +6.8
FRDM Freedom 100 Emerging Markets ETF 11.1 49 -17 6.9 -0.6
VEU Vanguard FTSE All-World ex-US Index Fund 11.1 8 24 7.6 +0.1
WUGI Esoterica NextG Economy ETF 10.4 75 -43 1.6 -5.9
AIQ Global X Future Analytics Tech ETF 10.4 68 -36 4.1 -3.3
DEM WisdomTree Emerging Markets High Dividend Fund 10.4 63 -31 15.4 +7.9
VYMI Vanguard International High Dividend Yield ETF 10.3 27 5 10.3 +2.9
CWI SPDR MSCI ACWI ex-US ETF 10.3 30 2 7.2 -0.2
DINT Davis Select International ETF 10.1 68 -36 6.1 -1.4
GBUY Goldman Sachs Motif New Age Consumer ETF 10.0 50 -18 1.8 -5.7
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 9.7 60 -28 4.5 -3.0
FXI iShares China Large-Cap ETF 9.6 74 -42 14.0 +6.6
PIN Invesco India ETF 9.6 78 -46 5.7 -1.8
FLIN Franklin FTSE India ETF 9.6 19 13 5.6 -1.8
JOYY Infusive Compounding Global Equities ETF 9.4 50 -18 6.1 -1.4
INDA iShares MSCI India ETF 9.4 69 -37 5.3 -2.1
VIGI Vanguard International Dividend Appreciation ETF 9.4 20 12 5.5 -1.9
SOCL Global X Social Media ETF 9.3 65 -33 1.8 -5.6
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 9.1 58 -26 4.9 -2.5
GIGE SoFi Gig Economy ETF 8.8 59 -27 -0.7 -8.1
CQQQ Invesco China Technology ETF 8.8 70 -38 4.1 -3.4

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 Emerging Markets Dividend Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.5 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 32 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.37 CATEGORY
AVERAGE
1.44
 
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.