WisdomTree Emerging Markets Dividend Fund
ALTAR
Score™
10.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
11.4x P/Sales
ratio
0.9x
P/BV
ratio
1.2x Div.
yield
3.6%


  • 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) $38
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 295
Wgt avg mkt cap (mns) $94,116
Large cap (>$10bn) 52.8%
Mid cap ($2-10bn) 39.0%
Small cap (<$2bn) 7.8%
Developed mkts 7.6%
Emerging mkts 92.4%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 5.9 %
ALIBABA GROUP HOLDING LTD. SPONSOR 5.8 %
TAIWAN SEMICONDUCTOR MANUFAC 5.2 %
SAMSUNG ELECTRONICS CO LTD 4.3 %
PING AN INSURANCE GROUP CO-H 1.6 %
HYNIX SEMICONDUCTOR INC 1.0 %
BAIDU INC - SPON ADR 0.9 %
HOUSING DEVELOPMENT FINANCE 0.9 %
ITAU UNIBANCO HOLDING SA 0.8 %
INFOSYS TECHNOLOGIES-SP ADR 0.8 %
Total 27.2 %

TOP COUNTRY EXPOSURE
CHINA 31.4 %
TAIWAN 16.1 %
SOUTH KOREA 12.5 %
INDIA 9.5 %
BRAZIL 6.3 %
HONG KONG 4.8 %
SOUTH AFRICA 4.6 %
MEXICO 2.6 %
THAILAND 2.4 %
MALAYSIA 2.0 %

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.
-28.5% -22.6% -- -- 0.3%

Market Correlations
versus... Beta R-squared
S&P500 0.97 64%
MSCI EAFE 1.09 79%
MSCI Emg. Mkts. 0.99 95%

Technical Indicators
Recent close $23.80
30d moving avg. $25.55
Annualized volatility 18.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 40
Turnover 2.5%
Bid/Ask (% of price) 2.26%
ADV underlying (mns) $16,352

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 10.7%


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 8.2 -2.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 48.7 45 -13 10.1 -0.6
EEMA iShares MSCI Emerging Markets Asia ETF 48.4 50 -18 9.9 -0.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 48.2 30 2 10.1 -0.6
ESGE iShares ESG MSCI EM ETF 47.4 25 7 11.3 +0.6
JHEM John Hancock Multifactor Emerging Markets ETF 46.8 55 -23 10.5 -0.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 44.0 65 -33 9.8 -0.9
EEM iShares MSCI Emerging Markets ETF 43.8 68 -36 9.8 -0.9
EMCG WisdomTree Emerging Markets Consumer Growth Fund 43.3 32 0 8.9 -1.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 42.8 68 -36 9.2 -1.5
FLAX Franklin FTSE Asia Ex Japan ETF 41.3 19 13 9.8 -0.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 40.5 20 12 9.0 -1.7
IEMG iShares Core MSCI Emerging Markets ETF 40.3 14 18 10.3 -0.5
SCHE Schwab Emerging Markets Equity ETF 38.7 13 19 10.1 -0.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 37.0 32 0 11.1 +0.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 35.7 95 -63 12.0 +1.3
PBEE Invesco PureBeta FTSE Emerging Markets ETF 35.2 14 18 11.0 +0.3
SPEM SPDR Portfolio Emerging Markets ETF 34.8 11 21 10.0 -0.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 34.3 30 2 10.6 -0.1
EMMF WisdomTree Emerging Markets Multifactor Fund 34.3 48 -16 11.6 +0.9
VWO Vanguard FTSE Emerging Markets ETF 34.0 10 22 10.2 -0.5
GMF SPDR S&P Emerging Asia Pacific ETF 33.6 49 -17 9.2 -1.5
BKF iShares MSCI BRIC ETF 33.6 69 -37 9.8 -0.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 33.4 49 -17 10.1 -0.6
NUEM Nuveen ESG Emerging Markets Equity ETF 31.8 45 -13 9.1 -1.6
AVEM Avantis Emerging Markets Equity ETF 30.3 33 -1 11.3 +0.6
EMXC iShares MSCI Emerging Markets ex China ETF 30.1 49 -17 10.1 -0.6
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 29.3 45 -13 11.4 +0.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 28.8 40 -8 8.7 -2.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 28.1 32 0 8.0 -2.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 27.9 49 -17 10.7 0.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 27.5 59 -27 12.9 +2.2
PXH Invesco FTSE RAFI Emerging Markets ETF 26.7 50 -18 15.7 +5.0
MCHI iShares MSCI China ETF 26.4 59 -27 10.0 -0.7
ISEM Invesco Strategic Emerging Markets ETF 26.0 35 -3 11.6 +0.9
ROAM Hartford Multifactor Emerging Markets ETF 25.0 44 -12 17.2 +6.5
GXC SPDR S&P China ETF 24.9 59 -27 9.9 -0.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 24.7 39 -7 15.0 +4.3
FLCH Franklin FTSE China ETF 24.6 19 13 10.2 -0.5
KALL KraneShares FTSE Emerging Markets Plus ETF 24.2 49 -17 9.9 -0.8
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF 23.9 50 -18 12.3 +1.6
CN Xtrackers MSCI All China Equity ETF 23.1 50 -18 10.2 -0.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 23.0 45 -13 10.3 -0.4
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 22.9 64 -32 7.6 -3.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 22.9 45 -13 11.3 +0.6
AIA iShares Asia 50 ETF 21.8 50 -18 9.9 -0.8
AXJL WisdomTree Asia Pacific ex-Japan Fund 21.8 48 -16 10.6 -0.1
WCHN WisdomTree ICBCCS S&P China 500 Fund 21.4 55 -23 9.7 -1.0
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 21.4 25 7 9.6 -1.1
XCEM Columbia EM Core ex-China ETF 21.0 16 16 9.4 -1.3
ECON Columbia Emerging Markets Consumer ETF 20.3 59 -27 5.6 -5.1
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 19.8 45 -13 15.8 +5.1
CHIL Global X MSCI China Large-Cap 50 ETF 19.5 29 3 10.3 -0.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 16.7 86 -54 3.3 -7.4
BICK First Trust BICK Index Fund 16.7 64 -32 6.1 -4.7
EWT iShares MSCI Taiwan ETF 16.1 59 -27 7.5 -3.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 15.9 16 16 8.5 -2.2
FDNI First Trust Dow Jones International Internet ETF 15.9 65 -33 4.0 -6.7
RNEM Emerging Markets Equity Select ETF 15.8 75 -43 11.4 +0.7
FLTW Franklin FTSE Taiwan ETF 15.2 19 13 7.9 -2.8
KWEB KraneShares CSI China Internet ETF 15.2 76 -44 4.3 -6.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 15.2 29 3 12.3 +1.6
EEMO Invesco S&P Emerging Markets Momentum ETF 15.0 30 2 11.9 +1.2
DEM WisdomTree Emerging Markets High Dividend Fund 14.9 63 -31 16.2 +5.5
TTTN UP Fintech China-U.S. Internet Titans ETF 14.8 59 -27 6.0 -4.7
PIE Invesco DWA Emerging Markets Momentum ETF 14.7 90 -58 6.9 -3.8
JOYY Infusive Compounding Global Equities ETF 14.1 50 -18 4.8 -5.9
FRDM Freedom 100 Emerging Markets ETF 14.0 49 -17 8.8 -1.9
OGIG O'Shares Global Internet Giants ETF 13.2 48 -16 0.9 -9.8
VSGX Vanguard ESG International Stock ETF 13.1 17 15 8.8 -1.9
VIGI Vanguard International Dividend Appreciation ETF 12.7 25 7 6.9 -3.8
EWY iShares MSCI South Korea ETF 12.5 59 -27 11.5 +0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.4 40 -8 8.9 -1.9
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 12.3 80 -48 2.1 -8.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 12.0 60 -28 9.9 -0.8
FLKR Franklin FTSE South Korea ETF 12.0 9 23 12.1 +1.4
ACWX iShares MSCI ACWI ex U.S. ETF 11.7 32 0 9.1 -1.6
AIQ Global X Future Analytics Tech ETF 11.7 68 -36 5.4 -5.3
CHIQ Global X China Consumer ETF 11.6 65 -33 11.7 +1.0
FNI First Trust Chindia ETF 11.2 59 -27 4.4 -6.3
IXUS ishares Core MSCI Total International Stock ETF 11.2 9 23 9.2 -1.5
VXUS Vanguard Total International Stock Index Fund 10.7 8 24 9.4 -1.3
GBUY Goldman Sachs Motif New Age Consumer ETF 10.6 50 -18 3.5 -7.2
BUYZ Franklin Disruptive Commerce ETF 10.5 50 -18 0.2 -10.5
VEU Vanguard FTSE All-World ex-US Index Fund 10.3 8 24 9.4 -1.3
FEM First Trust Emerging Markets AlphaDEX Fund 10.1 80 -48 14.2 +3.5
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 10.0 18 14 7.0 -3.7
DOGS Arrow Dogs of the World ETF 9.9 134 -102 13.6 +2.9
FXI iShares China Large-Cap ETF 9.9 74 -42 14.3 +3.6
PGJ Invesco Golden Dragon China ETF 9.8 70 -38 4.2 -6.5
CWI SPDR MSCI ACWI ex-US ETF 9.7 30 2 9.0 -1.7
EDIV SPDR S&P Emerging Markets Dividend ETF 9.2 49 -17 13.0 +2.3
FLLA Franklin FTSE Latin America ETF 9.2 19 13 9.0 -1.8
GIGE SoFi Gig Economy ETF 9.0 59 -27 -0.3 -11.0
CQQQ Invesco China Technology ETF 9.0 70 -38 5.0 -5.7
VIDI Vident International Equity Fund 8.9 59 -27 14.5 +3.8
PNQI Invesco NASDAQ Internet ETF 8.8 62 -30 3.0 -7.7
FLIN Franklin FTSE India ETF 8.7 19 13 8.8 -2.0
INDA iShares MSCI India ETF 8.7 69 -37 8.4 -2.3
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 8.7 58 -26 7.9 -2.8

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:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.1 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 32 bp
Equals: ALTAR Score 10.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.45
 
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.