WisdomTree SmallCap Earnings Fund
ALTAR
Score™
18.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
8.9x P/Sales
ratio
0.4x
P/BV
ratio
0.7x Div.
yield
3.3%


  • 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) $419
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 847
Wgt avg mkt cap (mns) $892
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 3.8%
Small cap (<$2bn) 96.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AMC NETWORKS INC-A 1.0 %
CLEVELAND-CLIFFS INC 0.9 %
OWENS-ILLINOIS INC 0.7 %
SCHNEIDER NATIONAL, INC. CLASS B 0.7 %
RANGE RESOURCES CORP 0.6 %
INNOVIVA, INC. 0.6 %
CNX RESOURCES CORPORATION 0.6 %
HOULIHAN LOKEY, INC. CLASS A 0.6 %
IMPAX LABORATORIES INC 0.5 %
DOMTAR CORP 0.5 %
Total 6.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.2 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-41.6% -37.1% -3.2% 5.6% 3.9%

Market Correlations
versus... Beta R-squared
S&P500 1.48 78%
MSCI EAFE 1.44 72%
MSCI Emg. Mkts. 1.07 58%

Technical Indicators
Recent close $22.33
30d moving avg. $27.58
Annualized volatility 25.5%
Short interest (ETF) 0.0%
Short interest (Underlying) 7.6%
Relative strength (RSI) 29

Liquidity measures
Avg. volume (thou.) 291
Turnover 1.6%
Bid/Ask (% of price) 0.61%
ADV underlying (mns) $7,596

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the WisdomTree SmallCap Earnings Fund 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™: 18.1%


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
(%)
FYX First Trust Small Cap Core AlphaDEX Fund 43.1 63 -25 8.5 -9.6
CSA Victory CEMP US Small Cap Volatility Weighted Index ETF 41.5 35 3 10.9 -7.2
TPSC Timothy Plan US Small Cap Core ETF 39.1 52 -14 10.4 -7.8
DES WisdomTree U.S. SmallCap Dividend Fund 37.9 38 0 12.0 -6.1
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 37.5 40 -2 8.4 -9.8
FYT First Trust Small Cap Value AlphaDEX Fund 36.4 72 -34 12.8 -5.3
SLY SPDR S&P 600 Small Cap ETF 36.1 15 23 8.9 -9.2
SPSM SPDR Portfolio Small Cap ETF 36.1 5 33 9.0 -9.1
IJR iShares Core S&P Small Cap ETF 36.1 7 31 9.0 -9.1
VIOO Vanguard S&P Small-Cap 600 ETF 35.7 10 28 9.0 -9.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 34.1 39 -1 6.0 -12.2
VTWV Vanguard Russell 2000 Value Index Fund 33.9 15 23 9.8 -8.3
RNSC Small Cap US Equity Select ETF 33.8 60 -22 9.0 -9.2
IWN iShares Russell 2000 Value ETF 33.8 24 14 9.7 -8.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 31.9 20 18 8.4 -9.8
SLYV SPDR S&P 600 Small Cap Value ETF 31.7 15 23 11.5 -6.6
IJS iShares S&P Small-cap 600 Value ETF 31.6 25 13 11.4 -6.8
AVUV Avantis U.S. Small Cap Value ETF 31.6 25 13 13.0 -5.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 31.4 15 23 11.6 -6.6
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 31.1 29 9 11.7 -6.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 30.5 39 -1 9.0 -9.1
ISMD Inspire Small/Mid Cap Impact ETF 29.1 61 -23 7.1 -11.0
ROGS Hartford Multifactor Global Small Cap ETF 28.1 34 4 11.0 -7.1
VTWO Vanguard Russell 2000 Index Fund 27.3 10 28 5.5 -12.7
IWM iShares Russell 2000 ETF 27.3 19 19 5.3 -12.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 27.3 29 9 8.0 -10.2
PSC Principal U.S. Small Cap Index ETF 26.1 38 0 10.3 -7.8
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 25.6 35 3 8.6 -9.5
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 24.6 30 8 10.1 -8.0
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 24.4 38 0 12.5 -5.6
IUSS Invesco Strategic US Small Company ETF 24.4 23 15 8.4 -9.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 24.0 25 13 9.1 -9.1
SLYG SPDR S&P 600 Small Cap Growth ETF 23.2 15 23 7.1 -11.0
IJT iShares S&P Small-Cap 600 Growth ETF 23.2 25 13 7.0 -11.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 23.1 16 22 7.1 -11.1
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 23.0 29 9 0.0 -18.1
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 22.7 39 -1 8.2 -10.0
SQLV Legg Mason Small-Cap Quality Value 21.2 62 -24 11.6 -6.5
AFSM First Trust Active Factor Small Cap ETF 20.9 75 -37 10.0 -8.2
SCHA Schwab U.S. Small-Cap ETF 20.5 4 34 7.1 -11.1
IWC iShares Micro-Cap ETF 19.8 60 -22 -5.2 -23.3
BUY USCF SummerHaven SHPEI Index Fund 19.2 80 -42 17.2 -0.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 19.0 24 14 10.4 -7.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 18.7 12 26 9.8 -8.3
VFQY Vanguard U.S. Quality Factor ETF 18.4 13 25 8.2 -10.0
VTWG Vanguard Russell 2000 Growth Index Fund 18.3 15 23 1.7 -16.4
IWO iShares Russell 2000 Growth ETF 18.3 24 14 1.5 -16.7
CSML IQ Chaikin U.S. Small Cap ETF 17.7 35 3 12.5 -5.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 16.9 6 32 7.5 -10.6
FYC First Trust Small Cap Growth AlphaDEX Fund 16.8 70 -32 3.5 -14.6
VFVA Vanguard U.S. Value Factor ETF 16.0 13 25 15.5 -2.7
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 15.4 17 21 6.9 -11.3
FSMD Fidelity Small-Mid Factor ETF 14.8 29 9 9.5 -8.7
SCAP AdvisorShares Cornerstone Small Cap ETF 14.2 90 -52 7.6 -10.6
VFMF Vanguard U.S. Multifactor ETF 14.2 18 20 10.4 -7.7
VBR Vanguard Small Cap Value Index Fund 14.0 7 31 11.4 -6.8
NUSC Nuveen ESG Small-Cap ETF 13.9 40 -2 7.2 -11.0
VFLQ Vanguard U.S. Liquidity Factor ETF 13.6 13 25 5.2 -12.9
QABA First Trust NASDAQ ABA Community Bank Index Fund 13.5 60 -22 13.1 -5.1
FAB First Trust Multi Cap Value AlphaDEX Fund 13.2 71 -33 12.7 -5.5
CSF Victory CEMP US Discovery Enhanced Volatility Weighted Idx E 13.1 35 3 10.9 -7.2
PSCF Invesco S&P SmallCap Financials ETF 13.1 29 9 14.1 -4.1
JKL iShares Morningstar Small Cap Value ETF 12.5 30 8 14.0 -4.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 12.3 35 3 12.4 -5.8
XSVM Invesco S&P SmallCap Value with Momentum ETF 12.2 39 -1 14.9 -3.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 11.9 20 18 7.4 -10.7
VXF Vanguard Extended Market Index Fund 11.7 7 31 5.6 -12.5
CSB Victory CEMP US Small Cap High Dividend Volatility Wtd Idx E 11.2 35 3 11.7 -6.4
XSHQ Invesco S&P SmallCap Quality ETF 10.9 29 9 7.6 -10.5
JSML Janus Henderson Small Cap Growth Alpha ETF 10.5 35 3 9.0 -9.1
VB Vanguard Small-Cap ETF 10.3 5 33 7.7 -10.5
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 10.3 48 -10 8.5 -9.7
CALF Pacer US Small Cap Cash Cows 100 ETF 10.2 59 -21 17.2 -0.9
VUSE Vident Core US Equity Fund 10.1 48 -10 10.5 -7.7
RZG Invesco S&P Smallcap 600 Pure Growth ETF 10.1 35 3 9.0 -9.1
BFOR Barron's 400 ETF 9.9 66 -28 8.7 -9.4
JKJ iShares Morningstar Small-Cap ETF 9.7 25 13 8.6 -9.6
XSLV Invesco S&P SmallCap Low Volatility ETF 9.4 25 13 10.8 -7.3
TUSA First Trust Total US Market AlphaDEX ETF 9.3 70 -32 8.9 -9.3
PSCI Invesco S&P SmallCap Industrials ETF 8.8 29 9 9.2 -9.0
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 8.4 29 9 12.9 -5.3
KRE SPDR S&P Regional Banking ETF 8.2 35 3 14.9 -3.3
DWAS Invesco DWA SmallCap Momentum ETF 8.1 60 -22 1.0 -17.1
FDM First Trust Dow Jones Select Microcap Index Fund 8.0 60 -22 12.9 -5.3
VFMO Vanguard U.S. Momentum Factor ETF 7.9 13 25 4.5 -13.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 7.6 66 -28 4.0 -14.1
VAMO Cambria Value & Momentum ETF 7.5 64 -26 9.0 -9.1
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 7.4 20 18 9.8 -8.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 7.4 40 -2 9.2 -8.9
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 7.1 35 3 7.5 -10.7
PXSG Invesco S&P SmallCap Momentum ETF 7.0 39 -1 6.9 -11.2
SMDY Syntax Stratified MidCap ETF 6.6 30 8 8.7 -9.5
RWK Invesco S&P MidCap 400 Revenue ETF 6.4 39 -1 11.1 -7.0
MDYV SPDR S&P 400 Mid Cap Value ETF 6.3 15 23 11.4 -6.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 6.2 15 23 11.5 -6.6
IJJ iShares S&P Mid-Cap 400 Value ETF 6.2 25 13 11.3 -6.8
RFV Invesco S&P Midcap 400 Pure Value ETF 6.1 35 3 15.5 -2.6
BUYN USCF SummerHaven SHPEN Index Fund 6.1 80 -42 25.0 +6.8
IFRA iShares U.S. Infrastructure ETF 6.1 40 -2 7.3 -10.8
VBK Vanguard Small-Cap Growth Index Fund 5.9 7 31 3.7 -14.4

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 SmallCap Earnings Fund
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 12.9 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 18.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.51
 
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.