WisdomTree Germany Hedged Equity Fund
ALTAR
Score™
8.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.0x P/Sales
ratio
0.6x
P/BV
ratio
1.3x Div.
yield
3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Germany Hedged Equity Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the WisdomTree Germany Hedged Equity Index. The Fund invests in companies that are incorporated in Germany while at the same time neutralizing exposure to fluctuations of the Euro movements relative to the U.S. dollar.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree Asset Management In
Website www.wisdomtree.com
Inception date Oct 17, 2013
Assets (mns) $34
Currency USD
Expense ratio 48 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian WisdomTree Asset Management Inc
Weighting Dividend
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 64
Wgt avg mkt cap (mns) $52,237
Large cap (>$10bn) 87.0%
Mid cap ($2-10bn) 11.9%
Small cap (<$2bn) 1.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DEUTSCHE TELEKOM AG 7.0 %
BAYER AG 6.4 %
SIEMENS AG-REG 6.3 %
ALLIANZ SE-REG 6.0 %
SAP AG 5.5 %
BAYERISCHE MOTOREN WERKE AG 5.3 %
BASF SE 5.3 %
DAIMLER AG-REGISTERED SHARES 5.3 %
DEUTSCHE POST AG-REG 4.6 %
MUENCHENER RUECKVER AG-REG 3.9 %
Total 55.6 %

TOP COUNTRY EXPOSURE
GERMANY 97.4 %










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.
-10.9% -3.9% 3.1% -- 5.3%

Market Correlations
versus... Beta R-squared
S&P500 1.02 75%
MSCI EAFE 1.16 84%
MSCI Emg. Mkts. 0.82 67%

Technical Indicators
Recent close $28.61
30d moving avg. $28.19
Annualized volatility 20.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.2%
Bid/Ask (% of price) 0.71%
ADV underlying (mns) $6,056

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the WisdomTree Germany Hedged Equity Fund ETF based on the alternatives' overlap in portfolio holdings with DXGE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DXGE Expense: 48 bp ALTAR Score™: 8.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DXGE
Ticker Fund
Name
Overlap1
vs DXGE
(%)
Expense
ratio
(bp)
Savings
vs DXGE
(bp)
ALTAR
Score™
(%)
ALTAR
vs DXGE
(%)
EWG iShares MSCI Germany ETF 63.7 49 -1 7.0 -1.8
QDEU SPDR MSCI Germany Quality Mix ETF 63.7 14 34 7.6 -1.2
DBGR Xtrackers MSCI Germany Hedged Equity ETF 63.0 45 3 7.0 -1.7
FLGR Franklin FTSE Germany ETF 62.9 9 39 7.4 -1.4
DAX Global X DAX Germany ETF 61.0 21 27 7.7 -1.1
HEDJ WisdomTree Europe Hedged Equity Fund 30.4 58 -10 6.9 -1.8
FGM First Trust Germany AlphaDEX Fund 26.5 80 -32 6.8 -1.9
FEZ SPDR EURO STOXX 50 ETF 25.6 29 19 7.1 -1.6
EZU iShares MSCI Eurozone ETF 21.9 49 -1 6.6 -2.1
EURZ Xtrackers Eurozone Equity ETF 21.6 9 39 7.1 -1.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 20.1 45 3 6.8 -2.0
FTAG First Trust Indxx Global Agriculture ETF 13.3 70 -22 6.5 -2.3
EUFN iShares MSCI Europe Financials ETF 11.8 48 0 11.8 +3.0
DTH WisdomTree DEFA Equity Income Fund 11.8 58 -10 9.7 +1.0
EKAR Innovation Shares NextGen Vehicles & Technology ETF 11.4 95 -47 8.6 -0.1
FEUZ First Trust Eurozone AlphaDEX ETF 11.4 80 -32 7.8 -1.0
IEV iShares Europe ETF 11.3 59 -11 6.8 -1.9
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 11.3 30 18 6.8 -1.9
FLEH Franklin FTSE Europe Hedged ETF 11.2 9 39 7.1 -1.6
FLEE Franklin FTSE Europe ETF 11.1 9 39 7.0 -1.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 11.0 45 3 6.6 -2.1
IDRV iShares Self-driving EV & Tech ETF 10.6 47 1 7.2 -1.6
DOL WisdomTree International LargeCap Dividend Fund 10.4 48 0 8.6 -0.2
IEUR iShares Core MSCI Europe ETF 10.3 9 39 7.3 -1.5
VGK Vanguard FTSE Europe ETF 10.3 8 40 7.5 -1.3
IGRO iShares International Dividend Growth ETF 10.3 22 26 8.1 -0.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 10.2 20 28 9.5 +0.7
IQIN IQ 500 International ETF 10.1 25 23 9.0 +0.3
DOO WisdomTree International Dividend ex-Financials Fund 10.0 58 -10 8.8 +0.0
FEU SPDR Portfolio Europe ETF 9.9 9 39 7.4 -1.4
EFV iShares MSCI EAFE Value ETF 9.8 39 9 9.6 +0.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 9.6 25 23 6.6 -2.2
CARZ First Trust NASDAQ Global Auto Index Fund 9.3 70 -22 15.2 +6.5
BBEU JPMorgan BetaBuilders Europe ETF 9.1 9 39 7.4 -1.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 9.1 58 -10 6.1 -2.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 8.9 70 -22 7.9 -0.8
MOTI VanEck Vectors Morningstar International Moat ETF 8.7 57 -9 8.7 -0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 8.7 35 13 8.5 -0.2
DWM WisdomTree International Equity Fund 8.7 48 0 8.3 -0.4
EUMV iShares Edge MSCI Min Vol Europe ETF 8.5 25 23 5.0 -3.7
FDD First Trust Stoxx European Select Dividend Index Fund 8.4 58 -10 11.5 +2.8
JPEU JPMorgan Diversified Return Europe Equity ETF 8.3 37 11 7.0 -1.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.3 45 3 9.0 +0.2
NUDM Nuveen ESG International Developed Markets Equity ETF 8.1 40 8 7.0 -1.8
FIDI Fidelity International High Dividend ETF 8.0 39 9 11.0 +2.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 8.0 20 28 11.1 +2.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 7.5 58 -10 8.1 -0.7
FNDF Schwab Fundamental International Large Co. Index ETF 7.5 25 23 8.9 +0.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 7.3 20 28 7.1 -1.6
EFA iShares MSCI EAFE ETF 7.0 32 16 7.1 -1.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 7.0 58 -10 6.3 -2.5
VYMI Vanguard International High Dividend Yield ETF 6.9 32 16 10.3 +1.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 6.9 35 13 6.9 -1.8
IQDG WisdomTree International Quality Dividend Growth Fund 6.9 38 10 6.4 -2.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 6.9 35 13 6.9 -1.8
FEP First Trust Europe AlphaDEX Fund 6.8 80 -32 7.8 -0.9
JHMD John Hancock Multifactor Developed International ETF 6.7 39 9 7.5 -1.3
FIVA Fidelity International Value Factor ETF 6.6 39 9 10.1 +1.3
HFXI IQ 50 Percent Hedged FTSE International ETF 6.6 20 28 7.5 -1.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 6.5 7 41 7.6 -1.1
MOO VanEck Vectors Agribusiness ETF 6.4 56 -8 5.5 -3.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 6.3 70 -22 2.4 -6.3
IEFA iShares Core MSCI EAFE ETF 6.3 7 41 7.4 -1.4
PDEV Principal International Multi-Factor Core Index ETF 6.3 25 23 8.0 -0.8
IQSI IQ Candriam ESG International Equity ETF 6.2 15 33 7.3 -1.4
ISDX Invesco Strategic Developed ex-US ETF 6.2 23 25 7.6 -1.2
SCID Global X Scientific Beta Europe ETF 6.2 39 9 6.5 -2.2
FAN First Trust Global Wind Energy ETF 6.0 62 -14 6.3 -2.5
SCHF Schwab International Equity ETF 6.0 6 42 7.4 -1.3
ESGD iShares MSCI EAFE ESG Optimized ETF 6.0 20 28 7.0 -1.8
IVLU iShares Edge MSCI Intl Value Factor ETF 5.9 30 18 11.4 +2.7
LVHI Legg Mason International Low Volatility High Dividend ETF 5.9 40 8 9.2 +0.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 5.7 14 34 7.0 -1.8
GSID Goldman Sachs MarketBeta International Equity ETF 5.6 20 28 7.4 -1.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 5.6 25 23 6.7 -2.1
BKIE BNY Mellon International Equity ETF 5.5 4 44 7.5 -1.2
IDOG ALPS International Sector Dividend Dogs ETF 5.5 50 -2 11.0 +2.2
OEUR O'shares FTSE Europe Quality Dividend ETF 5.4 48 0 6.6 -2.1
VEA Vanguard FTSE Developed Markets ETF 5.4 5 43 7.5 -1.2
SPDW SPDR Portfolio Developed World ex-US ETF 5.4 4 44 7.2 -1.5
IDY Pacific Global International Equity Income ETF 5.4 39 9 8.1 -0.7
MVIN Natixis Seeyond International Minimum Volatility ETF 5.1 56 -8 5.4 -3.4
CIL VictoryShares International Volatility Weighted Index ETF 4.9 45 3 6.8 -2.0
IDEV iShares Core MSCI International Developed Markets ETF 4.9 5 43 7.3 -1.4
EWGS iShares MSCI Germany Small Cap ETF 4.9 59 -11 5.2 -3.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 4.9 32 16 6.4 -2.4
PQIN PGIM QMA Strategic Alpha International Equity ETF 4.8 29 19 7.8 -1.0
CWI SPDR MSCI ACWI ex-US ETF 4.8 30 18 7.3 -1.5
BLCN Reality Shares Nasdaq NextGen Economy ETF 4.7 68 -20 4.2 -4.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 4.7 39 9 8.5 -0.3
MXI iShares Global Materials ETF 4.6 46 2 6.1 -2.6
DMDV AAM S&P Developed Markets High Dividend Value ETF 4.6 39 9 11.1 +2.4
ACWX iShares MSCI ACWI ex U.S. ETF 4.6 32 16 7.4 -1.4
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 4.5 45 3 10.0 +1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.5 40 8 7.1 -1.7
GDVD Principal Active Global Dividend Income ETF 4.5 58 -10 5.1 -3.6
RNDM Developed International Equity Select ETF 4.4 65 -17 6.5 -2.3
VEU Vanguard FTSE All-World ex-US Index Fund 4.4 8 40 7.7 -1.1
FPXI First Trust International Equity Opportunities ETF 4.4 70 -22 3.3 -5.5

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 Germany Hedged Equity Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.6 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.59
 
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.