WisdomTree Japan Hedged SmallCap Equity Fund
ALTAR
Score™
9.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
12.4x P/Sales
ratio
0.5x
P/BV
ratio
0.7x Div.
yield
3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Japan Hedged Small Cap Fund is an exchange-traded fund incorporated in the USA. The Fund seeks results that correspond to the WisdomTree Japan Hedged SmallCap Equity Index. The Fund invests in dividend paying, small-cap companies incorporated in Japan and listed on the Tokyo Exchange, while neutralizing the risk of the Japanese yen's fluctuations relative to the USD.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree Investments Inc
Website www.wisdomtree.com
Inception date Jun 28, 2013
Assets (mns) $33
Currency USD
Expense ratio 58 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Dividend
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 801
Wgt avg mkt cap (mns) $1,304
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 30.3%
Small cap (<$2bn) 69.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
HASEKO CORP 1.4 %
MITSUBISHI GAS CHEMICAL CO 0.9 %
MATSUI SECURITIES CO LTD 0.8 %
CASIO COMPUTER CO LTD 0.7 %
SEVEN BANK LTD 0.7 %
AOZORA BANK LTD 0.6 %
SUMITOMO RUBBER INDUSTRIES 0.6 %
DIC CORP 0.6 %
TECMO KOEI HOLDINGS CO LTD 0.5 %
MEBUKI FINANCIAL GROUP, INC. 0.5 %
Total 7.4 %

TOP COUNTRY EXPOSURE
JAPAN 82.5 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-17.8% -10.8% 2.8% -- 7.4%

Market Correlations
versus... Beta R-squared
S&P500 0.80 61%
MSCI EAFE 0.89 65%
MSCI Emg. Mkts. 0.61 47%

Technical Indicators
Recent close $36.22
30d moving avg. $34.69
Annualized volatility 17.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.9%
Bid/Ask (% of price) 0.63%
ADV underlying (mns) $2,932

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DXJS Expense: 58 bp ALTAR Score™: 9.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DXJS
Ticker Fund
Name
Overlap1
vs DXJS
(%)
Expense
ratio
(bp)
Savings
vs DXJS
(bp)
ALTAR
Score™
(%)
ALTAR
vs DXJS
(%)
DFJ WisdomTree Japan SmallCap Dividend Fund 79.4 58 0 9.2 +0.0
SCJ iShares MSCI Japan Small-Cap ETF 49.8 47 11 7.1 -2.1
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 28.8 43 15 9.6 +0.4
DLS WisdomTree International SmallCap Dividend Fund 25.4 58 0 9.5 +0.3
FNDC Schwab Fundamental International Small Co. Index ETF 23.7 39 19 8.1 -1.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 22.9 49 9 7.9 -1.3
GWX SPDR S&P International Small Cap ETF 22.1 40 18 6.8 -2.4
ISDS Invesco Strategic Developed ex-US Small Company ETF 20.8 35 23 6.4 -2.7
SCZ iShares MSCI Eafe Small-Cap ETF 18.7 40 18 7.4 -1.8
DDJP WisdomTree Dynamic Currency Hedged Japan Equity Fund 18.2 43 15 9.9 +0.8
AVDV Avantis International Small Cap Value ETF 16.2 36 22 9.1 -0.1
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 13.0 40 18 9.7 +0.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 12.9 80 -22 12.3 +3.1
SCHC Schwab International Small-Cap Equity ETF 12.7 12 46 7.9 -1.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 10.9 39 19 10.3 +1.1
DXJ WisdomTree Japan Hedged Equity Fund 10.3 48 10 9.5 +0.3
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 9.6 11 47 7.7 -1.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 9.4 45 13 7.8 -1.4
KLDW Gavekal Knowledge Leaders Developed World ETF 7.4 75 -17 5.2 -4.0
VPL Vanguard FTSE Pacific ETF 7.3 8 50 8.7 -0.5
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 7.2 30 28 8.5 -0.7
FLJP Franklin FTSE Japan ETF 7.2 9 49 8.7 -0.5
FLJH Franklin FTSE Japan Hedged ETF 7.1 9 49 8.7 -0.5
IPAC iShares Core MSCI Pacific ETF 6.8 9 49 8.4 -0.8
EWJE iShares MSCI Japan Equal Weighted ETF 6.1 15 43 7.9 -1.3
JPIN JPMorgan Diversified Return International Equity ETF 5.6 38 20 8.8 -0.4
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 5.4 9 49 8.8 -0.4
SCIJ Global X Scientific Beta Japan ETF 5.4 39 19 7.9 -1.2
JPXN iShares JPX-Nikkei 400 ETF 5.1 48 10 8.3 -0.8
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 4.9 24 34 8.0 -1.1
AVDE Avantis International Equity ETF 4.8 23 35 8.9 -0.3
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 4.8 83 -25 7.9 -1.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 4.1 39 19 7.4 -1.8
IDEV iShares Core MSCI International Developed Markets ETF 3.9 5 53 8.1 -1.1
FJP First Trust Japan AlphaDEX Fund 3.6 80 -22 10.5 +1.4
DWM WisdomTree International Equity Fund 3.6 48 10 9.2 +0.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.5 29 29 9.7 +0.5
FDT First Trust Developed Markets ex-US Alphadex Fund 3.3 80 -22 8.6 -0.6
IEFA iShares Core MSCI EAFE ETF 3.3 7 51 8.1 -1.1
BBJP JPMorgan BetaBuilders Japan ETF 3.2 19 39 8.6 -0.6
JPGE JPMorgan Diversified Return Global Equity ETF 3.2 29 29 8.1 -1.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 3.0 25 33 8.5 -0.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 2.9 29 29 8.9 -0.3
ISZE iShares Edge MSCI Intl Size Factor ETF 2.7 30 28 7.8 -1.4
VEA Vanguard FTSE Developed Markets ETF 2.7 5 53 8.3 -0.9
FLM First Trust Global Engineering & Construction ETF 2.6 70 -12 11.3 +2.1
IXUS ishares Core MSCI Total International Stock ETF 2.3 9 49 8.4 -0.8
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 2.2 80 -22 6.4 -2.7
VXUS Vanguard Total International Stock Index Fund 2.1 8 50 8.6 -0.6
LVIN Hartford Multifactor Low Volatility International Equity ETF 2.0 29 29 13.5 +4.3
DIM WisdomTree International MidCap Dividend Fund 2.0 58 0 8.7 -0.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 1.9 7 51 8.5 -0.7
SPDW SPDR Portfolio Developed World ex-US ETF 1.9 4 54 8.1 -1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.9 35 23 9.5 +0.3
FYLD Cambria Foreign Shareholder Yield ETF 1.8 59 -1 10.8 +1.6
QJPN SPDR MSCI Japan StrategicFactors ETF 1.8 14 44 8.9 -0.3
IDLV Invesco S&P International Developed Low Volatility ETF 1.8 25 33 7.4 -1.8
EWJV iShares MSCI Japan Value ETF 1.8 15 43 12.3 +3.1
JPMV iShares Edge MSCI Min Vol Japan ETF 1.8 30 28 7.6 -1.6
UIVM VictoryShares USAA MSCI International Value Momentum ETF 1.8 35 23 9.6 +0.4
ROBO Robo Global Robotics & Automation Index ETF 1.8 95 -37 3.8 -5.4
VIDI Vident International Equity Fund 1.7 59 -1 13.1 +3.9
SCHF Schwab International Equity ETF 1.7 6 52 8.2 -1.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 1.6 45 13 8.4 -0.8
EWJ iShares MSCI Japan ETF 1.6 49 9 8.3 -0.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.5 58 0 6.8 -2.4
DTH WisdomTree DEFA Equity Income Fund 1.5 58 0 10.8 +1.6
IVAL Alpha Architect International Quantitative Value ETF 1.5 59 -1 11.5 +2.3
FNDF Schwab Fundamental International Large Co. Index ETF 1.4 25 33 9.9 +0.8
RFDI First Trust Riverfront Dynamic Developed International ETF 1.4 83 -25 7.0 -2.2
IGRO iShares International Dividend Growth ETF 1.4 22 36 9.0 -0.2
GBUY Goldman Sachs Motif New Age Consumer ETF 1.4 50 8 2.4 -6.8
FIDI Fidelity International High Dividend ETF 1.4 39 19 12.5 +3.4
DNL WisdomTree Global ex-US Dividend Growth Fund 1.3 58 0 8.4 -0.8
IQDG WisdomTree International Quality Dividend Growth Fund 1.3 38 20 6.9 -2.2
PICK iShares MSCI Global Metals & Mining Producers ETF 1.3 39 19 8.6 -0.6
VEU Vanguard FTSE All-World ex-US Index Fund 1.3 8 50 8.6 -0.6
INTF iShares Edge MSCI Multifactor Intl ETF 1.2 30 28 9.1 -0.1
IQIN IQ 500 International ETF 1.2 25 33 10.5 +1.3
VSGX Vanguard ESG International Stock ETF 1.1 17 41 8.2 -1.0
IPKW Invesco International BuyBack Achievers ETF 1.1 55 3 9.8 +0.6
GQRE FlexShares Global Quality Real Estate Index Fund 1.1 45 13 8.3 -0.9
VIGI Vanguard International Dividend Appreciation ETF 1.0 25 33 6.4 -2.8
GAMR ETFMG Video Game Tech ETF 1.0 75 -17 3.6 -5.6
FIVA Fidelity International Value Factor ETF 1.0 39 19 11.7 +2.5
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 0.9 50 8 4.8 -4.4
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 0.9 48 10 0.0 -9.2
VT Vanguard Total World Stock Index Fund 0.9 8 50 6.8 -2.4
DWMF WisdomTree International Multifactor Fund 0.9 38 20 7.4 -1.8
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 0.8 10 48 10.0 +0.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.8 45 13 10.2 +1.0
CROP IQ Global Agribusiness Small Cap ETF 0.8 76 -18 5.4 -3.8
EFAD ProShares MSCI EAFE Dividend Growers ETF 0.8 50 8 7.2 -2.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.8 58 0 11.7 +2.5
LNGR Global X Longevity Thematic ETF 0.8 50 8 3.2 -6.0
WPS iShares International Developed Property ETF 0.8 48 10 8.7 -0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.8 25 33 7.5 -1.6
ISDX Invesco Strategic Developed ex-US ETF 0.8 23 35 8.5 -0.7
IVLU iShares Edge MSCI Intl Value Factor ETF 0.7 30 28 12.8 +3.6

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 Japan Hedged SmallCap 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 7.1 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 9.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.58
 
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.