WisdomTree Japan Hedged Equity Fund
ALTAR
Score™
7.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.0x P/Sales
ratio
0.8x
P/BV
ratio
1.1x Div.
yield
2.9%


  • 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) $1,620
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 400
Wgt avg mkt cap (mns) $48,130
Large cap (>$10bn) 78.2%
Mid cap ($2-10bn) 16.8%
Small cap (<$2bn) 4.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 4.7 %
MITSUBISHI UFJ FINANCIAL GRO 4.0 %
JAPAN TOBACCO INC 3.2 %
SUMITOMO MITSUI FINANCIAL GR 3.1 %
TAKEDA PHARMACEUTICAL CO LTD 3.0 %
NINTENDO CO LTD 2.7 %
ITOCHU CORP 2.6 %
TOKYO ELECTRON LTD 2.4 %
MITSUBISHI CORP 2.3 %
MIZUHO FINANCIAL GROUP INC 2.1 %
Total 30.1 %

TOP COUNTRY EXPOSURE
JAPAN 98.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.9% 3.9% 4.3% 7.4% 3.2%

Market Correlations
versus... Beta R-squared
S&P500 0.85 68%
MSCI EAFE 0.89 72%
MSCI Emg. Mkts. 0.63 47%

Technical Indicators
Recent close $56.36
30d moving avg. $54.88
Annualized volatility 19.5%
Short interest (ETF) 0.5%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 449
Turnover 1.6%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $18,359

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 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™: 7.4%


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
(%)
JPXN iShares JPX-Nikkei 400 ETF 56.3 48 0 6.2 -1.1
FLJP Franklin FTSE Japan ETF 56.3 9 39 6.6 -0.8
EWJ iShares MSCI Japan ETF 56.1 51 -3 6.1 -1.3
FLJH Franklin FTSE Japan Hedged ETF 56.1 9 39 6.5 -0.8
BBJP JPMorgan BetaBuilders Japan ETF 55.8 19 29 6.4 -1.0
ZJPN SPDR Solactive Japan ETF 55.8 14 34 6.5 -0.9
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 55.8 9 39 6.6 -0.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 54.7 45 3 6.1 -1.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 53.4 25 23 6.2 -1.2
EWJV iShares MSCI Japan Value ETF 49.5 15 33 8.9 +1.6
IPAC iShares Core MSCI Pacific ETF 39.9 9 39 6.3 -1.1
DFAI Dimensional International Core Equity Market ETF 39.3 18 30 6.4 -1.0
EWJE iShares MSCI Japan Equal Weighted ETF 37.4 15 33 6.4 -1.0
VPL Vanguard FTSE Pacific ETF 35.1 8 40 6.4 -1.0
IVLU iShares Edge MSCI Intl Value Factor ETF 26.6 30 18 9.9 +2.5
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 23.7 35 13 5.9 -1.4
DMXF iShares ESG Advanced MSCI EAFE ETF 23.1 12 36 6.2 -1.2
FJP First Trust Japan AlphaDEX Fund 21.5 80 -32 8.0 +0.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 20.7 29 19 7.1 -0.3
ESGD iShares MSCI EAFE ESG Optimized ETF 19.5 20 28 6.2 -1.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 19.3 20 28 6.4 -1.0
RESD WisdomTree International ESG Fund 19.3 30 18 6.5 -0.9
GSID Goldman Sachs MarketBeta International Equity ETF 19.1 20 28 6.3 -1.1
HFXI IQ 50 Percent Hedged FTSE International ETF 18.8 20 28 6.4 -0.9
EFA iShares MSCI EAFE ETF 18.7 32 16 6.2 -1.1
BKIE BNY Mellon International Equity ETF 18.6 4 44 6.5 -0.8
EFG iShares MSCI EAFE Growth ETF 18.4 40 8 4.1 -3.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 18.4 14 34 6.1 -1.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 18.3 35 13 6.1 -1.3
IQSI IQ Candriam ESG International Equity ETF 18.0 15 33 6.4 -1.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 18.0 7 41 6.5 -0.9
IQIN IQ 500 International ETF 18.0 25 23 7.6 +0.2
JHMD John Hancock Multifactor Developed International ETF 17.8 39 9 6.6 -0.8
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 17.5 83 -35 5.0 -2.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 17.3 30 18 4.1 -3.3
IEFA iShares Core MSCI EAFE ETF 17.2 7 41 6.5 -0.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 16.9 39 9 5.6 -1.8
ISZE iShares Edge MSCI Intl Size Factor ETF 16.5 30 18 6.3 -1.1
SCHF Schwab International Equity ETF 16.4 6 42 6.5 -0.9
DOO WisdomTree International Dividend ex-Financials Fund 16.4 58 -10 7.7 +0.3
FNDF Schwab Fundamental International Large Co. Index ETF 16.4 25 23 7.7 +0.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 16.3 40 8 7.2 -0.1
SPDW SPDR Portfolio Developed World ex-US ETF 16.2 4 44 6.2 -1.2
VSGX Vanguard ESG International Stock ETF 15.8 17 31 6.3 -1.1
EFV iShares MSCI EAFE Value ETF 15.8 39 9 8.4 +1.0
DWM WisdomTree International Equity Fund 15.6 48 0 7.2 -0.2
DOL WisdomTree International LargeCap Dividend Fund 15.5 48 0 7.2 -0.2
IDEV iShares Core MSCI International Developed Markets ETF 15.4 5 43 6.5 -0.9
NUDM Nuveen ESG International Developed Markets Equity ETF 15.3 40 8 5.9 -1.5
QINT American Century Quality Diversified International ETF 15.2 39 9 5.7 -1.7
RBIN Nationwide Risk-Based International Equity ETF 15.1 42 6 6.0 -1.3
PDEV Principal International Multi-Factor Core Index ETF 15.0 25 23 7.1 -0.3
QEFA SPDR MSCI EAFE Quality Mix ETF 15.0 30 18 6.0 -1.4
VEA Vanguard FTSE Developed Markets ETF 14.9 5 43 6.6 -0.8
IDMO Invesco S&P International Developed Momentum ETF 14.4 26 22 3.7 -3.7
IDHQ Invesco S&P International Developed Quality ETF 14.4 29 19 4.8 -2.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 14.3 24 24 6.5 -0.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 14.2 45 3 7.6 +0.2
ESGN Columbia Sustainable International Equity Income ETF 14.1 45 3 9.2 +1.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 14.1 25 23 6.0 -1.4
CIL VictoryShares International Volatility Weighted Index ETF 13.9 45 3 6.4 -1.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 13.7 45 3 6.3 -1.1
DIM WisdomTree International MidCap Dividend Fund 13.6 58 -10 7.1 -0.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 13.6 65 -17 10.1 +2.7
TPIF Timothy Plan International ETF 13.6 62 -14 6.1 -1.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 13.4 39 9 7.4 +0.1
ISDX Invesco RAFI Strategic Developed ex-US ETF 13.2 23 25 6.3 -1.1
FIVA Fidelity International Value Factor ETF 13.1 39 9 8.7 +1.4
JPIN JPMorgan Diversified Return International Equity ETF 12.4 37 11 7.1 -0.3
FIDI Fidelity International High Dividend ETF 12.4 39 9 10.1 +2.8
IDLV Invesco S&P International Developed Low Volatility ETF 12.4 25 23 6.2 -1.1
CWI SPDR MSCI ACWI ex-US ETF 12.4 30 18 6.2 -1.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 12.2 35 13 7.7 +0.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 12.1 58 -10 5.8 -1.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 12.1 16 32 6.0 -1.4
VEU Vanguard FTSE All-World ex-US Index Fund 12.0 8 40 6.7 -0.7
IQDG WisdomTree International Quality Dividend Growth Fund 11.9 42 6 6.0 -1.4
AVDE Avantis International Equity ETF 11.9 23 25 6.9 -0.5
IDOG ALPS International Sector Dividend Dogs ETF 11.7 50 -2 8.2 +0.8
ACWX iShares MSCI ACWI ex U.S. ETF 11.7 32 16 6.3 -1.1
VWID Virtus WMC International Dividend ETF 11.4 49 -1 7.4 +0.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.4 40 8 6.1 -1.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.1 47 1 8.1 +0.8
IXUS ishares Core MSCI Total International Stock ETF 10.8 9 39 6.4 -0.9
DTH WisdomTree International High Dividend Fund 10.8 58 -10 8.7 +1.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 10.7 80 -32 6.0 -1.4
KLDW Gavekal Knowledge Leaders Developed World ETF 10.4 75 -27 4.4 -3.0
DWMF WisdomTree International Multifactor Fund 10.4 38 10 6.2 -1.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 9.7 45 3 6.1 -1.2
EKAR Innovation Shares NextGen Vehicles & Technology ETF 9.4 95 -47 4.9 -2.4
DVYA iShares Asia/Pacific Dividend ETF 9.4 49 -1 11.1 +3.7
VYMI Vanguard International High Dividend Yield ETF 9.3 27 21 9.0 +1.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 9.3 30 18 5.2 -2.2
VXUS Vanguard Total International Stock ETF 9.2 8 40 6.6 -0.8
RXI iShares Global Consumer Discretionary ETF 9.1 46 2 3.7 -3.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 8.9 20 28 5.0 -2.4

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 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 8.2 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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