WisdomTree SmallCap Earnings Fund
ALTAR
Score™
11.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
32.9x P/Sales
ratio
0.6x
P/BV
ratio
1.0x 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) $398
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 841
Wgt avg mkt cap (mns) $1,218
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 11.4%
Small cap (<$2bn) 88.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
RANGE RESOURCES CORP 1.3 %
CLEVELAND-CLIFFS INC 1.0 %
MICHAELS COMPANIES INC 1.0 %
WARRIOR MET COAL, INC. 1.0 %
AMC NETWORKS INC-A 0.8 %
OWENS-ILLINOIS INC 0.8 %
LEVI STRAUSS & CO. CLASS A 0.8 %
CNX RESOURCES CORPORATION 0.7 %
SCHNEIDER NATIONAL, INC. CLASS B 0.7 %
CHANGE HEALTHCARE, INC. 0.7 %
Total 8.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-25.5% -19.5% 1.5% 9.1% 5.7%

Market Correlations
versus... Beta R-squared
S&P500 1.49 83%
MSCI EAFE 1.55 78%
MSCI Emg. Mkts. 1.11 64%

Technical Indicators
Recent close $28.32
30d moving avg. $28.60
Annualized volatility 27.7%
Short interest (ETF) 0.2%
Short interest (Underlying) 7.6%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 101
Turnover 0.7%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $8,943

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™: 11.6%


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 40.3 63 -25 6.6 -5.0
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 39.8 35 3 8.3 -3.4
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 38.6 40 -2 6.7 -4.9
TPSC Timothy Plan US Small Cap Core ETF 37.5 52 -14 8.3 -3.4
SLY SPDR S&P 600 Small Cap ETF 37.4 15 23 7.0 -4.6
SPSM SPDR Portfolio Small Cap ETF 37.3 5 33 7.1 -4.5
IJR iShares Core S&P Small Cap ETF 37.2 7 31 7.1 -4.5
IWN iShares Russell 2000 Value ETF 36.7 24 14 7.3 -4.4
VIOO Vanguard S&P Small-Cap 600 ETF 36.0 10 28 7.2 -4.4
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 35.7 35 3 8.3 -3.4
VTWV Vanguard Russell 2000 Value Index Fund 35.2 15 23 7.4 -4.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 34.4 20 18 6.0 -5.6
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 34.2 29 9 9.7 -2.0
DES WisdomTree U.S. SmallCap Dividend Fund 34.2 38 0 8.8 -2.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 33.9 39 -1 4.2 -7.4
FYT First Trust Small Cap Value AlphaDEX Fund 33.4 72 -34 9.5 -2.1
SLYV SPDR S&P 600 Small Cap Value ETF 33.2 15 23 9.3 -2.3
IJS iShares S&P Small-cap 600 Value ETF 33.1 25 13 9.2 -2.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 33.1 39 -1 7.7 -3.9
RNSC Small Cap US Equity Select ETF 32.9 60 -22 7.7 -3.9
CSML IQ Chaikin U.S. Small Cap ETF 32.4 35 3 4.2 -7.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 32.2 15 23 9.6 -2.0
AVUV Avantis U.S. Small Cap Value ETF 31.8 25 13 9.3 -2.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 30.1 29 9 5.6 -6.0
SSLY Syntax Stratified SmallCap ETF 29.5 30 8 6.2 -5.5
IWM iShares Russell 2000 ETF 29.1 19 19 3.6 -8.0
IUSS Invesco Strategic US Small Company ETF 28.4 23 15 5.5 -6.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 28.3 39 -1 7.6 -4.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 27.6 30 8 7.8 -3.9
PSC Principal U.S. Small Cap Index ETF 27.5 38 0 7.1 -4.6
VTWO Vanguard Russell 2000 Index Fund 27.3 10 28 3.7 -8.0
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 26.8 35 3 6.4 -5.3
ROGS Hartford Multifactor Global Small Cap ETF 26.8 34 4 7.9 -3.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 26.0 25 13 6.7 -4.9
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 25.0 29 9 1.8 -9.8
SLYG SPDR S&P 600 Small Cap Growth ETF 23.5 15 23 5.3 -6.4
IJT iShares S&P Small-Cap 600 Growth ETF 23.4 25 13 5.1 -6.5
AFSM First Trust Active Factor Small Cap ETF 23.4 75 -37 5.7 -6.0
ISMD Inspire Small/Mid Cap Impact ETF 23.0 60 -22 6.5 -5.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 22.8 16 22 5.2 -6.4
SQLV Legg Mason Small-Cap Quality Value 22.7 62 -24 7.8 -3.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 21.7 24 14 7.2 -4.4
BUY USCF SummerHaven SHPEI Index Fund 21.4 80 -42 10.1 -1.5
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 21.0 38 0 9.0 -2.6
IWC iShares Micro-Cap ETF 20.9 60 -22 -3.8 -15.5
SCHA Schwab U.S. Small-Cap ETF 20.1 4 34 4.7 -6.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 19.4 12 26 7.8 -3.8
VFQY Vanguard U.S. Quality Factor ETF 18.1 13 25 6.0 -5.6
VFVA Vanguard U.S. Value Factor ETF 17.8 14 24 11.5 -0.1
VTWG Vanguard Russell 2000 Growth Index Fund 17.8 15 23 0.8 -10.9
FYC First Trust Small Cap Growth AlphaDEX Fund 17.4 70 -32 2.5 -9.2
IWO iShares Russell 2000 Growth ETF 17.0 24 14 0.8 -10.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 16.8 6 32 5.3 -6.3
VFMF Vanguard U.S. Multifactor ETF 16.6 19 19 7.2 -4.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 15.8 17 21 5.2 -6.5
VFLQ Vanguard U.S. Liquidity Factor ETF 15.5 14 24 4.7 -6.9
RZV Invesco S&P Smallcap 600 Pure Value ETF 15.3 35 3 10.1 -1.6
FSMD Fidelity Small-Mid Factor ETF 15.1 29 9 7.0 -4.6
VBR Vanguard Small Cap Value Index Fund 14.8 7 31 8.4 -3.2
XSVM Invesco S&P SmallCap Value with Momentum ETF 13.4 39 -1 11.7 +0.1
NUSC Nuveen ESG Small-Cap ETF 13.3 40 -2 5.4 -6.3
FAB First Trust Multi Cap Value AlphaDEX Fund 13.2 71 -33 9.5 -2.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 13.0 20 18 4.7 -6.9
CALF Pacer US Small Cap Cash Cows 100 ETF 12.7 59 -21 13.2 +1.6
QABA First Trust NASDAQ ABA Community Bank Index Fund 12.3 60 -22 10.8 -0.9
PSCF Invesco S&P SmallCap Financials ETF 12.3 29 9 11.5 -0.1
JSML Janus Henderson Small Cap Growth Alpha ETF 12.0 30 8 7.6 -4.0
XSHQ Invesco S&P SmallCap Quality ETF 11.8 29 9 6.7 -5.0
VXF Vanguard Extended Market Index Fund 11.6 7 31 3.7 -7.9
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 11.4 29 9 9.4 -2.2
RZG Invesco S&P Smallcap 600 Pure Growth ETF 10.7 35 3 5.9 -5.7
DWAS Invesco DWA SmallCap Momentum ETF 10.7 60 -22 -1.1 -12.7
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 10.6 35 3 9.4 -2.2
VUSE Vident Core US Equity Fund 10.6 48 -10 8.3 -3.4
VB Vanguard Small-Cap ETF 10.6 5 33 5.4 -6.3
BFOR Barron's 400 ETF 10.4 65 -27 6.3 -5.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 10.4 20 18 9.4 -2.2
BKSE BNY Mellon US Small Cap Core Equity ETF 10.2 4 34 5.7 -5.9
FDM First Trust Dow Jones Select Microcap Index Fund 9.7 60 -22 7.3 -4.3
PXSG Invesco S&P SmallCap Momentum ETF 9.3 39 -1 5.0 -6.6
TUSA First Trust Total US Market AlphaDEX ETF 9.0 70 -32 5.9 -5.7
PSCI Invesco S&P SmallCap Industrials ETF 8.9 29 9 6.6 -5.1
XSLV Invesco S&P SmallCap Low Volatility ETF 8.8 25 13 6.0 -5.6
KRE SPDR S&P Regional Banking ETF 8.7 35 3 11.4 -0.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 8.0 30 8 5.7 -5.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 7.9 66 -28 2.5 -9.1
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.2 80 -42 5.6 -6.0
VAMO Cambria Value & Momentum ETF 6.9 64 -26 7.8 -3.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 6.7 40 -2 7.2 -4.4
JKJ iShares Morningstar Small-Cap ETF 6.6 25 13 6.7 -4.9
IVOV Vanguard S&P Mid-Cap 400 Value ETF 6.4 15 23 8.6 -3.0
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 6.2 60 -22 8.4 -3.2
SMDY Syntax Stratified MidCap ETF 6.1 30 8 6.4 -5.3
RWK Invesco S&P MidCap 400 Revenue ETF 5.9 39 -1 8.1 -3.5
VBK Vanguard Small-Cap Growth Index Fund 5.8 7 31 2.4 -9.2
IJJ iShares S&P Mid-Cap 400 Value ETF 5.7 25 13 8.6 -3.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 5.7 25 13 6.6 -5.1
MDYV SPDR S&P 400 Mid Cap Value ETF 5.6 15 23 8.7 -3.0
KOMP SPDR Kensho New Economies Composite ETF 5.6 20 18 2.5 -9.1
PAVE Global X U.S. Infrastructure Development ETF 5.6 47 -9 5.8 -5.9

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 11.7 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 11.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.52
 
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.