WisdomTree SmallCap Earnings
ALTAR
Score™
9.3% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
12.6x P/Sales
ratio
0.5x
P/BV
ratio
1.4x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree SmallCap Earnings Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the fundamentally-weighted WisdomTree SmallCap Earnings Index.

FUND BASICS
Category US Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date Feb 23, 2007
Assets (mns) $806
Currency USD
Expense ratio 38 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Earnings
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 837
Wgt avg mkt cap (mns) $1,412
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 25.1%
Small cap (<$2bn) 74.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
LITHIA MOTORS INC-CL A 1.2 %
DANA HOLDING CORP 1.0 %
KB HOME 0.9 %
BED BATH & BEYOND INC 0.9 %
KRONOS WORLDWIDE INC 0.8 %
MERITAGE HOMES CORP 0.8 %
AMERICAN AXLE & MFG HOLDINGS 0.8 %
TRI POINTE HOMES INC 0.7 %
TAYLOR MORRISON HOME CORP-A 0.7 %
GROUP 1 AUTOMOTIVE INC 0.7 %
Total 8.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.4 %
PUERTO RICO 0.5 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
14.8% 2.1% 7.4% 12.8% 8.0%

Market Correlations
versus... Beta R-squared
S&P500 1.28 64%
MSCI EAFE 1.00 33%
MSCI Emg. Mkts. 0.52 15%

Technical Indicators
Recent close $37.30
30d moving avg. $36.24
Annualized volatility 19.2%
Short interest (ETF) 0.1%
Short interest (Underlying) 7.6%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 65
Turnover 0.3%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $6,509

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the WisdomTree SmallCap Earnings ETF based on the alternatives' overlap in portfolio holdings with EES. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EES Expense: 38 bp ALTAR Score™: 9.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EES
Ticker Fund
Name
Overlap1
vs EES
(%)
Expense
ratio
(bp)
Savings
vs EES
(bp)
ALTAR
Score™
(%)
ALTAR
vs EES
(%)
DESC Xtrackers Russell 2000 Comprehensive Factor 46.3 30 8 6.5 -2.8
FYX First Trust Small Cap Core Alphadex 43.1 66 -28 5.7 -3.5
CSF Compass EMP US Discovery 500 Enhanced Vol. 42.8 35 3 7.3 -2.0
CSA Victory CEMP US Small Cap Volatility Wtd 41.2 35 3 7.2 -2.0
SLY SPDR S&P 600 Small Cap 41.0 15 23 6.2 -3.1
IJR iShares Core S&P Small-Cap 40.9 7 31 6.2 -3.1
VIOO Vanguard S&P Small-Cap 600 40.1 15 23 6.0 -3.3
EWSC Invesco S&P Small Cap 600 Equal Weight 40.1 40 -2 5.7 -3.5
SLYV SPDR S&P600 Small Cap Value 39.7 15 23 7.5 -1.8
IJS iShares S&P 600 SmallCap Value 39.7 25 13 7.4 -1.9
VIOV Vanguard S&P Small-Cap 600 Value 39.3 20 18 7.3 -1.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity 38.1 20 18 5.9 -3.4
IWN iShares Russell 2000 Value 37.6 24 14 6.5 -2.7
DES WisdomTree Smallcap Dividend 36.9 38 0 7.3 -2.0
PRFZ Invesco FTSE-RAFI Small-Mid 1500 36.9 39 -1 4.7 -4.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 36.8 39 -1 5.0 -4.3
VTWV Vanguard Russell 2000 Value 36.8 20 18 6.6 -2.7
PQSV PGIM QMA Strategic Alpha Small-Cap Value 33.7 29 9 6.5 -2.8
FYT First Trust Small Cap Value AlphaDEX 33.2 76 -38 7.6 -1.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity 33.1 29 9 5.0 -4.3

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
WisdomTree SmallCap Earnings
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.4 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 9.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.55
 
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.