WisdomTree Emerging Markets Dividend Fund
ALTAR
Score™
8.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
14.9x P/Sales
ratio
1.1x
P/BV
ratio
1.5x Div.
yield
2.6%


  • 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) $34
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 301
Wgt avg mkt cap (mns) $104,966
Large cap (>$10bn) 52.7%
Mid cap ($2-10bn) 39.7%
Small cap (<$2bn) 7.4%
Developed mkts 7.6%
Emerging mkts 92.4%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 6.0 %
TAIWAN SEMICONDUCTOR MANUFAC 5.1 %
ALIBABA GROUP HOLDING LTD. SPONSOR 5.1 %
SAMSUNG ELECTRONICS CO LTD 4.1 %
PING AN INSURANCE GROUP CO-H 1.4 %
JD.COM INC-ADR 1.0 %
BAIDU INC - SPON ADR 0.9 %
NHN CORP 0.9 %
HYNIX SEMICONDUCTOR INC 0.8 %
NETEASE.COM INC-ADR 0.8 %
Total 25.9 %

TOP COUNTRY EXPOSURE
CHINA 31.6 %
TAIWAN 15.9 %
SOUTH KOREA 12.6 %
INDIA 9.8 %
BRAZIL 5.4 %
SOUTH AFRICA 5.4 %
HONG KONG 4.4 %
MEXICO 2.6 %
MALAYSIA 2.5 %
THAILAND 2.4 %

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.
-14.7% -8.9% -- -- 4.6%

Market Correlations
versus... Beta R-squared
S&P500 0.92 64%
MSCI EAFE 1.11 81%
MSCI Emg. Mkts. 0.95 94%

Technical Indicators
Recent close $28.61
30d moving avg. $27.44
Annualized volatility 19.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.3%
Bid/Ask (% of price) 0.49%
ADV underlying (mns) $27,767

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 8.5%


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 50.2 32 0 6.4 -2.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 47.8 45 -13 8.2 -0.3
EEMA iShares MSCI Emerging Markets Asia ETF 46.5 50 -18 7.9 -0.6
ESGE iShares ESG MSCI EM ETF 46.0 25 7 9.0 +0.5
JHEM John Hancock Multifactor Emerging Markets ETF 45.9 49 -17 8.7 +0.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 45.1 30 2 8.1 -0.3
EMCG WisdomTree Emerging Markets Consumer Growth Fund 43.4 32 0 7.5 -1.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 43.2 65 -33 7.7 -0.7
EEM iShares MSCI Emerging Markets ETF 42.4 68 -36 7.7 -0.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 41.5 68 -36 7.4 -1.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 40.8 36 -4 8.5 +0.0
FLAX Franklin FTSE Asia Ex Japan ETF 40.1 19 13 8.0 -0.4
BKEM BNY Mellon Emerging Markets Equity ETF 39.5 11 21 8.7 +0.2
IEMG iShares Core MSCI Emerging Markets ETF 39.0 13 19 8.2 -0.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 37.7 32 0 9.2 +0.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 37.7 20 12 7.1 -1.4
EMMF WisdomTree Emerging Markets Multifactor Fund 37.3 48 -16 9.8 +1.3
SCHE Schwab Emerging Markets Equity ETF 37.0 11 21 8.2 -0.3
PBEE Invesco PureBeta FTSE Emerging Markets ETF 34.7 15 17 9.0 +0.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 34.5 30 2 9.0 +0.5
SPEM SPDR Portfolio Emerging Markets ETF 34.4 11 21 8.1 -0.4
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 33.1 45 -13 9.5 +1.0
VWO Vanguard FTSE Emerging Markets ETF 32.8 10 22 8.4 -0.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 32.7 95 -63 9.6 +1.1
GMF SPDR S&P Emerging Asia Pacific ETF 32.5 49 -17 7.6 -0.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 31.9 49 -17 8.9 +0.4
NUEM Nuveen ESG Emerging Markets Equity ETF 31.7 45 -13 7.6 -0.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 31.1 49 -17 8.1 -0.3
BKF iShares MSCI BRIC ETF 31.0 69 -37 7.7 -0.7
AVEM Avantis Emerging Markets Equity ETF 30.4 33 -1 9.2 +0.8
EMXC iShares MSCI Emerging Markets ex China ETF 29.4 25 7 8.5 -0.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 29.2 40 -8 7.3 -1.1
EEMO Invesco S&P Emerging Markets Momentum ETF 28.8 29 3 6.9 -1.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 27.8 32 0 6.3 -2.1
PXH Invesco FTSE RAFI Emerging Markets ETF 27.6 50 -18 13.4 +5.0
MCHI iShares MSCI China ETF 25.7 59 -27 8.0 -0.4
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 25.7 64 -32 4.8 -3.6
GXC SPDR S&P China ETF 24.9 59 -27 8.3 -0.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 24.3 39 -7 13.0 +4.5
ROAM Hartford Multifactor Emerging Markets ETF 24.1 44 -12 15.0 +6.5
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 24.1 50 -18 10.4 +1.9
FLCH Franklin FTSE China ETF 24.0 19 13 8.5 +0.0
KALL KraneShares FTSE Emerging Markets Plus ETF 23.7 49 -17 8.5 +0.0
ISEM Invesco Strategic Emerging Markets ETF 23.3 35 -3 10.7 +2.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 23.2 59 -27 11.4 +2.9
FDEM Fidelity Targeted Emerging Markets Factor ETF 23.2 45 -13 9.7 +1.2
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 23.2 25 7 7.8 -0.6
CN Xtrackers MSCI All China Equity ETF 22.7 50 -18 8.3 -0.1
AXJL WisdomTree Asia Pacific ex-Japan Fund 21.7 48 -16 9.7 +1.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 21.7 44 -12 9.1 +0.7
WCHN WisdomTree ICBCCS S&P China 500 Fund 21.6 55 -23 8.7 +0.2
AIA iShares Asia 50 ETF 21.5 50 -18 8.3 -0.2
XCEM Columbia EM Core ex-China ETF 21.3 16 16 7.4 -1.0
ECON Columbia Emerging Markets Consumer ETF 20.5 59 -27 4.6 -3.9
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 20.3 45 -13 13.8 +5.3
RNEM Emerging Markets Equity Select ETF 19.8 75 -43 10.5 +2.0
CHIL Global X MSCI China Large-Cap 50 ETF 18.2 29 3 8.5 +0.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 17.5 86 -54 2.2 -6.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 16.2 16 16 7.0 -1.4
EWT iShares MSCI Taiwan ETF 15.9 59 -27 6.0 -2.5
FDNI First Trust Dow Jones International Internet ETF 15.7 65 -33 2.2 -6.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 15.6 29 3 9.9 +1.5
PIE Invesco DWA Emerging Markets Momentum ETF 15.4 90 -58 5.4 -3.1
KWEB KraneShares CSI China Internet ETF 15.3 76 -44 1.8 -6.6
FLTW Franklin FTSE Taiwan ETF 14.9 19 13 6.4 -2.1
BICK First Trust BICK Index Fund 14.8 64 -32 4.9 -3.6
JOYY Infusive Compounding Global Equities ETF 14.6 50 -18 3.8 -4.6
TTTN UP Fintech China-U.S. Internet Titans ETF 14.3 59 -27 4.3 -4.2
DEM WisdomTree Emerging Markets High Dividend Fund 13.3 63 -31 14.1 +5.6
VSGX Vanguard ESG International Stock ETF 13.2 17 15 7.3 -1.2
FRDM Freedom 100 Emerging Markets ETF 12.9 49 -17 7.0 -1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.7 40 -8 7.1 -1.4
EWY iShares MSCI South Korea ETF 12.7 59 -27 9.2 +0.7
OGIG O'Shares Global Internet Giants ETF 12.6 48 -16 0.7 -7.8
ACWX iShares MSCI ACWI ex U.S. ETF 12.1 32 0 7.4 -1.1
FLKR Franklin FTSE South Korea ETF 12.0 9 23 9.7 +1.3
FEM First Trust Emerging Markets AlphaDEX Fund 11.6 80 -48 11.4 +2.9
IXUS ishares Core MSCI Total International Stock ETF 11.3 9 23 7.5 -1.0
FNI First Trust Chindia ETF 11.1 60 -28 2.9 -5.6
CHIQ Global X China Consumer ETF 11.0 65 -33 7.8 -0.6
VXUS Vanguard Total International Stock Index Fund 10.7 8 24 7.7 -0.8
AIQ Global X Future Analytics Tech ETF 10.6 68 -36 3.9 -4.5
VEU Vanguard FTSE All-World ex-US Index Fund 10.5 8 24 7.7 -0.8
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 10.5 18 14 5.9 -2.6
VIGI Vanguard International Dividend Appreciation ETF 10.2 25 7 5.6 -2.9
CWI SPDR MSCI ACWI ex-US ETF 10.0 30 2 7.3 -1.2
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 10.0 80 -48 4.0 -4.5
GBUY Goldman Sachs Motif New Age Consumer ETF 9.9 50 -18 1.9 -6.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 9.9 60 -28 8.5 +0.1
PGJ Invesco Golden Dragon China ETF 9.8 70 -38 3.2 -5.3
CQQQ Invesco China Technology ETF 9.7 70 -38 4.0 -4.5
VIDI Vident International Equity Fund 9.0 59 -27 11.5 +3.0
FXI iShares China Large-Cap ETF 9.0 74 -42 13.0 +4.5
PEK VanEck Vectors ChinaAMC CSI 300 ETF 8.9 60 -28 7.5 -0.9
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 8.9 58 -26 5.0 -3.4
FLIN Franklin FTSE India ETF 8.9 19 13 5.8 -2.7
SOCL Global X Social Media ETF 8.8 65 -33 2.0 -6.5
PIN Invesco India ETF 8.7 78 -46 5.7 -2.7
EDIV SPDR S&P Emerging Markets Dividend ETF 8.6 49 -17 11.1 +2.6

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 12.7 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 32 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 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.