WisdomTree SmallCap Earnings Fund
ALTAR
Score™
7.5% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
15.1x P/Sales
ratio
0.8x
P/BV
ratio
1.7x Div.
yield
1.7%


  • 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) $504
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 704
Wgt avg mkt cap (mns) $1,509
Large cap (>$10bn) 0.7%
Mid cap ($2-10bn) 21.9%
Small cap (<$2bn) 76.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FLAGSTAR BANCORP INC 1.0 %
OFFICE DEPOT INC 1.0 %
NAVIENT CORP 0.9 %
BIG LOTS INC 0.7 %
MERITOR INC 0.7 %
M/I HOMES INC 0.6 %
AMC NETWORKS INC-A 0.6 %
RENT-A-CENTER INC 0.6 %
WORLD WRESTLING ENTERTAIN-A 0.6 %
UNITED STATES CELLULAR CORP 0.6 %
Total 7.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.3 %
CANADA 0.3 %









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.
3.0% 3.0% 10.6% 9.9% 8.0%

Market Correlations
versus... Beta R-squared
S&P500 1.45 83%
MSCI EAFE 1.43 80%
MSCI Emg. Mkts. 1.19 71%

Technical Indicators
Recent close $42.51
30d moving avg. $39.97
Annualized volatility 29.8%
Short interest (ETF) 0.1%
Short interest (Underlying) 7.6%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 58
Turnover 0.5%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $6,325

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 7.5%


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
(%)
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 42.6 35 3 6.0 -1.5
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 42.6 35 3 6.0 -1.6
TPSC Timothy Plan US Small Cap Core ETF 41.4 52 -14 5.6 -1.9
DES WisdomTree U.S. SmallCap Dividend Fund 39.9 38 0 6.6 -0.9
FYX First Trust Small Cap Core AlphaDEX Fund 37.6 63 -25 5.4 -2.2
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 34.7 40 -2 5.1 -2.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 34.6 39 -1 3.9 -3.6
FYT First Trust Small Cap Value AlphaDEX Fund 34.0 72 -34 7.9 +0.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 32.8 15 23 6.9 -0.6
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 32.1 29 9 4.9 -2.7
SLY SPDR S&P 600 Small Cap ETF 31.4 15 23 5.5 -2.0
SPSM SPDR Portfolio Small Cap ETF 31.3 5 33 5.7 -1.9
ROSC Hartford Multifactor Small Cap ETF 31.3 34 4 6.5 -1.0
VIOO Vanguard S&P Small-Cap 600 ETF 31.3 10 28 5.5 -2.0
IJR iShares Core S&P Small Cap ETF 31.1 6 32 5.6 -1.9
SLYV SPDR S&P 600 Small Cap Value ETF 30.7 15 23 6.9 -0.7
IJS iShares S&P Small-cap 600 Value ETF 30.7 18 20 6.8 -0.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 30.5 39 -1 5.4 -2.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 30.3 20 18 3.8 -3.8
XJR iShares ESG Screened S&P Small-Cap ETF 30.1 12 26 5.7 -1.8
SSLY Syntax Stratified SmallCap ETF 29.8 30 8 4.9 -2.6
CSML IQ Chaikin U.S. Small Cap ETF 29.0 35 3 2.8 -4.7
IWN iShares Russell 2000 Value ETF 28.7 24 14 5.0 -2.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 28.4 39 -1 3.4 -4.1
RNSC Small Cap US Equity Select ETF 28.4 60 -22 6.0 -1.6
SQLV Legg Mason Small-Cap Quality Value 27.6 62 -24 4.1 -3.5
VTWV Vanguard Russell 2000 Value Index Fund 27.1 15 23 5.1 -2.4
VTWO Vanguard Russell 2000 Index Fund 27.0 10 28 2.6 -4.9
AVUV Avantis U.S. Small Cap Value ETF 26.4 25 13 6.3 -1.2
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 25.5 30 8 6.0 -1.5
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 25.5 38 0 7.0 -0.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 25.5 29 9 4.2 -3.3
IWC iShares Micro-Cap ETF 25.2 60 -22 -3.2 -10.7
STSB iShares Factors US Small Blend Style ETF 25.1 35 3 2.9 -4.6
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 24.6 29 9 -0.3 -7.8
SVAL iShares US Small Cap Value Factor ETF 23.3 20 18 8.2 +0.7
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 22.9 35 3 4.9 -2.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 22.9 9 29 3.3 -4.2
AFSM First Trust Active Factor Small Cap ETF 22.8 77 -39 4.3 -3.3
PSC Principal U.S. Small Cap Index ETF 22.1 38 0 4.6 -2.9
IWM iShares Russell 2000 ETF 21.9 19 19 2.5 -5.0
SLYG SPDR S&P 600 Small Cap Growth ETF 21.4 15 23 4.4 -3.1
ISMD Inspire Small/Mid Cap Impact ETF 21.4 60 -22 4.3 -3.2
IJT iShares S&P Small-Cap 600 Growth ETF 21.3 18 20 4.3 -3.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 21.2 16 22 4.3 -3.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 20.9 12 26 6.0 -1.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 20.5 25 13 4.8 -2.8
IUSS Invesco Strategic US Small Company ETF 20.2 23 15 3.6 -3.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 20.1 24 14 4.9 -2.6
XSVM Invesco S&P SmallCap Value with Momentum ETF 19.5 39 -1 6.8 -0.7
VFVA Vanguard U.S. Value Factor ETF 19.4 14 24 8.4 +0.9
FYC First Trust Small Cap Growth AlphaDEX Fund 18.7 70 -32 1.7 -5.8
VFQY Vanguard U.S. Quality Factor ETF 18.7 13 25 5.3 -2.2
CALF Pacer US Small Cap Cash Cows 100 ETF 17.6 59 -21 8.8 +1.3
RZV Invesco S&P Smallcap 600 Pure Value ETF 17.3 35 3 6.8 -0.7
DEEP Roundhill Acquirers Deep Value ETF 17.3 80 -42 7.8 +0.2
FSMD Fidelity Small-Mid Factor ETF 16.3 29 9 5.2 -2.3
VFMF Vanguard U.S. Multifactor ETF 16.0 19 19 6.1 -1.4
VFLQ Vanguard U.S. Liquidity Factor ETF 15.8 14 24 3.5 -4.1
SCHA Schwab U.S. Small-Cap ETF 15.6 4 34 3.6 -4.0
PSCF Invesco S&P SmallCap Financials ETF 14.3 29 9 8.9 +1.4
QABA First Trust NASDAQ ABA Community Bank Index Fund 14.0 60 -22 7.4 -0.2
VTWG Vanguard Russell 2000 Growth Index Fund 13.5 15 23 0.1 -7.5
IWO iShares Russell 2000 Growth ETF 13.5 24 14 -0.1 -7.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 13.0 17 21 4.0 -3.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 12.8 6 32 4.0 -3.5
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 12.8 20 18 3.7 -3.9
XSMO Invesco S&P SmallCap Momentum ETF 12.8 39 -1 3.6 -3.9
NUSC Nuveen ESG Small-Cap ETF 12.5 40 -2 3.9 -3.6
BFOR Barron's 400 ETF 12.3 65 -27 5.5 -2.0
RZG Invesco S&P Smallcap 600 Pure Growth ETF 12.2 35 3 3.7 -3.8
SIXS 6 Meridian Small Cap Equity ETF 11.5 97 -59 7.1 -0.4
FAB First Trust Multi Cap Value AlphaDEX Fund 11.4 71 -33 7.5 0.0
XSHQ Invesco S&P SmallCap Quality ETF 11.3 29 9 5.3 -2.3
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 11.2 35 3 7.2 -0.4
VUSE Vident Core US Equity Fund 10.9 48 -10 7.3 -0.2
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 10.8 29 9 6.5 -1.1
VAMO Cambria Value & Momentum ETF 10.4 63 -25 5.4 -2.1
JSML Janus Henderson Small Cap Growth Alpha ETF 10.3 30 8 5.8 -1.7
XSLV Invesco S&P SmallCap Low Volatility ETF 10.1 25 13 4.6 -2.9
VBR Vanguard Small Cap Value Index Fund 10.0 7 31 6.4 -1.1
DWAS Invesco DWA SmallCap Momentum ETF 8.5 60 -22 -1.2 -8.8
VXF Vanguard Extended Market Index Fund 8.3 6 32 2.5 -5.1
PSCI Invesco S&P SmallCap Industrials ETF 8.3 29 9 4.9 -2.6
SIXL 6 Meridian Low Beta Equity Strategy ETF 8.2 84 -46 4.1 -3.5
TUSA First Trust Total US Market AlphaDEX ETF 8.2 70 -32 4.8 -2.8
VFMO Vanguard U.S. Momentum Factor ETF 8.1 13 25 1.4 -6.2
FDM First Trust Dow Jones Select Microcap Index Fund 8.0 60 -22 2.0 -5.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 8.0 20 18 7.1 -0.4
KRE SPDR S&P Regional Banking ETF 7.8 35 3 7.4 -0.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 7.0 66 -28 1.8 -5.8
VB Vanguard Small-Cap ETF 7.0 5 33 4.4 -3.1
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 6.8 80 -42 4.7 -2.8
XRT SPDR S&P Retail ETF 6.8 35 3 4.7 -2.8
RFV Invesco S&P Midcap 400 Pure Value ETF 6.6 35 3 8.8 +1.3
AIRR First Trust RBA American Industrial Renaissance ETF 5.9 70 -32 5.1 -2.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 5.9 40 -2 5.6 -1.9
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 5.8 132 -94 -2.7 -10.2
RYJ Invesco Raymond James SB-1 Equity ETF 5.7 76 -38 3.6 -3.9

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 12.2 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.49
 
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.