WisdomTree Japan Hedged Equity Fund
ALTAR
Score™
8.3% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
15.6x P/Sales
ratio
0.7x
P/BV
ratio
1.0x Div.
yield
3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Japan Total Dividend Fund seeks investment results that correspond to the WisdomTree Japan Total Dividend Index, which tracks Japanese companies that pay regular dividends.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $1,733
Currency USD
Expense ratio 48 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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 447
Wgt avg mkt cap (mns) $33,278
Large cap (>$10bn) 70.8%
Mid cap ($2-10bn) 22.3%
Small cap (<$2bn) 6.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 5.3 %
MITSUBISHI UFJ FINANCIAL GRO 3.3 %
JAPAN TOBACCO INC 3.2 %
TAKEDA PHARMACEUTICAL CO LTD 2.9 %
FANUC LTD 2.5 %
HONDA MOTOR CO LTD 2.5 %
SUMITOMO MITSUI FINANCIAL GR 2.4 %
TOKYO ELECTRON LTD 2.3 %
MITSUBISHI CORP 2.1 %
MIZUHO FINANCIAL GROUP INC 2.1 %
Total 28.5 %

TOP COUNTRY EXPOSURE
JAPAN 97.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.2% 4.4% -1.4% 6.0% 2.2%

Market Correlations
versus... Beta R-squared
S&P500 0.91 70%
MSCI EAFE 1.02 76%
MSCI Emg. Mkts. 0.70 55%

Technical Indicators
Recent close $49.15
30d moving avg. $45.38
Annualized volatility 18.4%
Short interest (ETF) 0.7%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 733
Turnover 2.1%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $15,741

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DXJ Expense: 48 bp ALTAR Score™: 8.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DXJ
Ticker Fund
Name
Overlap1
vs DXJ
(%)
Expense
ratio
(bp)
Savings
vs DXJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs DXJ
(%)
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 56.5 30 18 7.6 -0.7
FLJP Franklin FTSE Japan ETF 56.2 9 39 7.8 -0.5
EWJ iShares MSCI Japan ETF 56.0 49 -1 7.4 -0.9
BBJP JPMorgan BetaBuilders Japan ETF 55.5 19 29 7.7 -0.6
FLJH Franklin FTSE Japan Hedged ETF 55.5 9 39 7.7 -0.6
QJPN SPDR MSCI Japan StrategicFactors ETF 55.5 14 34 8.0 -0.3
JPXN iShares JPX-Nikkei 400 ETF 54.8 48 0 7.5 -0.8
DBJP Xtrackers MSCI Japan Hedged Equity ETF 54.7 45 3 7.4 -1.0
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 53.7 9 39 7.9 -0.4
EWJV iShares MSCI Japan Value ETF 50.3 15 33 10.8 +2.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 49.9 25 23 7.6 -0.7
IPAC iShares Core MSCI Pacific ETF 40.2 9 39 7.5 -0.8
EWJE iShares MSCI Japan Equal Weighted ETF 37.4 15 33 7.1 -1.3
VPL Vanguard FTSE Pacific ETF 37.3 8 40 7.8 -0.5
SCIJ Global X Scientific Beta Japan ETF 30.4 39 9 7.2 -1.2
JPMV iShares Edge MSCI Min Vol Japan ETF 30.0 30 18 6.9 -1.4
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 28.3 83 -35 7.1 -1.2
IVLU iShares Edge MSCI Intl Value Factor ETF 26.7 30 18 11.3 +3.0
IDY Pacific Global International Equity Income ETF 20.3 39 9 8.0 -0.3
FJP First Trust Japan AlphaDEX Fund 19.4 80 -32 9.2 +0.9
PQIN PGIM QMA Strategic Alpha International Equity ETF 19.3 29 19 8.1 -0.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 18.7 20 28 7.3 -1.0
HFXI IQ 50 Percent Hedged FTSE International ETF 18.7 20 28 7.5 -0.8
IMTM iShares Edge MSCI Intl Momentum Factor ETF 18.6 30 18 5.0 -3.4
ESGD iShares MSCI EAFE ESG Optimized ETF 18.4 20 28 7.2 -1.2
FNDF Schwab Fundamental International Large Co. Index ETF 18.2 25 23 8.7 +0.4
EFA iShares MSCI EAFE ETF 18.2 32 16 7.2 -1.2
IQIN IQ 500 International ETF 18.1 25 23 9.0 +0.6
DIM WisdomTree International MidCap Dividend Fund 18.0 58 -10 7.6 -0.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 17.8 35 13 7.0 -1.3
ISZE iShares Edge MSCI Intl Size Factor ETF 17.8 30 18 6.9 -1.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 17.7 7 41 7.6 -0.7
JHMD John Hancock Multifactor Developed International ETF 17.5 45 3 7.4 -0.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 17.4 39 9 6.7 -1.6
EFG iShares MSCI EAFE Growth ETF 17.4 40 8 4.7 -3.6
DOO WisdomTree International Dividend ex-Financials Fund 17.4 58 -10 8.7 +0.4
EFV iShares MSCI EAFE Value ETF 17.3 39 9 10.0 +1.7
IQSI IQ Candriam ESG International Equity ETF 17.1 15 33 7.3 -1.0
IEFA iShares Core MSCI EAFE ETF 17.0 7 41 7.3 -1.0
DWM WisdomTree International Equity Fund 16.6 48 0 8.2 -0.1
SPDW SPDR Portfolio Developed World ex-US ETF 16.6 4 44 7.2 -1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 16.5 35 13 8.6 +0.3
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 16.4 48 0 0.0 -8.3
SCHF Schwab International Equity ETF 16.3 6 42 7.4 -0.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 16.3 14 34 7.0 -1.3
IQDG WisdomTree International Quality Dividend Growth Fund 15.7 38 10 6.4 -1.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 15.6 58 -10 6.4 -1.9
IDEV iShares Core MSCI International Developed Markets ETF 15.0 5 43 7.3 -1.1
DOL WisdomTree International LargeCap Dividend Fund 14.9 48 0 8.5 +0.2
NUDM Nuveen ESG International Developed Markets Equity ETF 14.7 40 8 6.9 -1.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 14.7 45 3 8.8 +0.5
VEA Vanguard FTSE Developed Markets ETF 14.7 5 43 7.4 -0.9
PDEV Principal International Multi-Factor Core Index ETF 14.3 25 23 7.9 -0.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 14.1 39 9 9.1 +0.8
RFDI First Trust Riverfront Dynamic Developed International ETF 14.0 83 -35 6.3 -2.0
DDJP WisdomTree Dynamic Currency Hedged Japan Equity Fund 13.5 43 5 9.2 +0.8
FIDI Fidelity International High Dividend ETF 13.4 39 9 10.8 +2.5
VSGX Vanguard ESG International Stock ETF 13.2 17 31 7.4 -0.9
QEFA SPDR MSCI EAFE Quality Mix ETF 13.2 30 18 6.8 -1.6
CIL VictoryShares International Volatility Weighted Index ETF 13.1 45 3 6.7 -1.6
ESGN Columbia Sustainable International Equity Income ETF 13.0 45 3 11.1 +2.8
FIVA Fidelity International Value Factor ETF 12.8 39 9 10.2 +1.9
RBIN Nationwide Risk-Based International Equity ETF 12.8 42 6 6.5 -1.9
TPIF Timothy Plan International ETF 12.8 62 -14 7.0 -1.3
CWI SPDR MSCI ACWI ex-US ETF 12.6 30 18 7.6 -0.7
UIVM VictoryShares USAA MSCI International Value Momentum ETF 12.4 35 13 8.6 +0.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 12.4 25 23 6.8 -1.5
ISDX Invesco Strategic Developed ex-US ETF 12.3 23 25 7.4 -0.9
ACWX iShares MSCI ACWI ex U.S. ETF 12.3 32 16 7.5 -0.8
VEU Vanguard FTSE All-World ex-US Index Fund 12.2 8 40 7.7 -0.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 12.1 24 24 7.2 -1.1
QINT American Century Quality Diversified International ETF 12.0 39 9 5.9 -2.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.8 40 8 7.4 -0.9
DTH WisdomTree DEFA Equity Income Fund 11.8 58 -10 9.6 +1.2
JPGE JPMorgan Diversified Return Global Equity ETF 11.7 29 19 7.3 -1.0
RXI iShares Global Consumer Discretionary ETF 11.4 46 2 5.5 -2.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 11.3 16 32 7.1 -1.2
VXUS Vanguard Total International Stock Index Fund 11.3 8 40 7.7 -0.6
IXUS ishares Core MSCI Total International Stock ETF 11.2 9 39 7.6 -0.7
KLDW Gavekal Knowledge Leaders Developed World ETF 11.0 75 -27 4.8 -3.6
DWMF WisdomTree International Multifactor Fund 10.7 38 10 6.8 -1.5
IDLV Invesco S&P International Developed Low Volatility ETF 10.7 25 23 6.9 -1.5
IDHQ Invesco S&P International Developed High Quality ETF 10.7 29 19 5.4 -2.9
IDOG ALPS International Sector Dividend Dogs ETF 10.6 50 -2 11.0 +2.6
EKAR Innovation Shares NextGen Vehicles & Technology ETF 10.6 65 -17 8.5 +0.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 10.5 29 19 8.6 +0.3
AVDE Avantis International Equity ETF 10.4 23 25 7.9 -0.5
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 10.3 58 -10 8.4 +0.0
DFJ WisdomTree Japan SmallCap Dividend Fund 10.2 58 -10 8.5 +0.2
CARZ First Trust NASDAQ Global Auto Index Fund 10.1 70 -22 15.2 +6.9
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 9.5 80 -32 6.0 -2.3
IDRV iShares Self-driving EV & Tech ETF 9.4 47 1 6.7 -1.6
FNDC Schwab Fundamental International Small Co. Index ETF 9.0 39 9 7.1 -1.2
RNDM Developed International Equity Select ETF 8.9 65 -17 6.4 -2.0
SCJ iShares MSCI Japan Small-Cap ETF 8.9 47 1 6.5 -1.9
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 8.9 45 3 9.8 +1.4
LVIN Hartford Multifactor Low Volatility International Equity ETF 8.8 29 19 12.2 +3.9
EXI iShares Global Industrials ETF 8.8 46 2 6.1 -2.2
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 8.7 61 -13 5.0 -3.3

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 Japan 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 8.4 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 8.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.