ProShares MSCI EAFE Dividend Growers ETF
ALTAR
Score™
5.0% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
21.7x P/Sales
ratio
1.9x
P/BV
ratio
2.4x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ProShares MSCI EAFE Dividend Growers ETF is an exchange-traded fund incorporated in the USA. The ETF seeks investment results, before fees and expenses, that track the perfomance of the MSCI EAFE Dividend Masters Index.

FUND BASICS
Category International Equities
Fund Sponsor ProShares ETFs/USA
Website www.proshares.com
Inception date Aug 19, 2014
Assets (mns) $133
Currency USD
Expense ratio 51 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Equal
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 71
Wgt avg mkt cap (mns) $38,772
Large cap (>$10bn) 73.2%
Mid cap ($2-10bn) 26.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CENTURY TOKYO LEASING CORP 1.9 %
ASML HOLDING NV 1.8 %
ASHTEAD GROUP PLC 1.7 %
KURITA WATER INDUSTRIES LTD 1.7 %
PARTNERS GROUP HOLDING AG 1.6 %
TECHTRONIC INDUSTRIES CO 1.6 %
SEKISUI CHEMICAL CO LTD 1.6 %
BASF SE 1.6 %
JAPAN RETAIL FUND INVESTMENT 1.5 %
HALMA PLC 1.5 %
Total 16.4 %

TOP COUNTRY EXPOSURE
JAPAN 25.2 %
BRITAIN 15.6 %
SWITZERLAND 10.0 %
GERMANY 9.8 %
HONG KONG 7.0 %
DENMARK 6.9 %
BELGIUM 4.2 %
FRANCE 4.0 %
NETHERLANDS 3.1 %
AUSTRALIA 2.6 %

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.
8.8% 8.8% 6.1% -- 3.6%

Market Correlations
versus... Beta R-squared
S&P500 0.81 83%
MSCI EAFE 0.87 95%
MSCI Emg. Mkts. 0.67 72%

Technical Indicators
Recent close $44.08
30d moving avg. $43.56
Annualized volatility 16.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.3%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $7,257

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the ProShares MSCI EAFE Dividend Growers ETF ETF based on the alternatives' overlap in portfolio holdings with EFAD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EFAD Expense: 51 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EFAD
Ticker Fund
Name
Overlap1
vs EFAD
(%)
Expense
ratio
(bp)
Savings
vs EFAD
(bp)
ALTAR
Score™
(%)
ALTAR
vs EFAD
(%)
EUDV ProShares MSCI Europe Dividend Growers ETF 60.2 56 -5 4.9 -0.1
DFAI Dimensional International Core Equity Market ETF 25.8 18 33 6.4 +1.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 22.0 20 31 5.0 -0.1
OEUR O'shares FTSE Europe Quality Dividend ETF 20.0 48 3 5.1 +0.1
QEFA SPDR MSCI EAFE Quality Mix ETF 19.1 30 21 6.0 +1.0
VIGI Vanguard International Dividend Appreciation ETF 18.6 20 31 5.0 +0.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 17.1 32 19 5.7 +0.7
RFEU First Trust Riverfront Dynamic Europe ETF 16.7 83 -32 5.6 +0.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 16.6 25 26 5.9 +0.9
IEV iShares Europe ETF 16.5 59 -8 6.3 +1.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 16.3 45 6 6.0 +1.0
FLEE Franklin FTSE Europe ETF 16.2 9 42 6.5 +1.5
BBEU JPMorgan BetaBuilders Europe ETF 16.1 9 42 6.7 +1.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 16.1 30 21 5.2 +0.2
FLEH Franklin FTSE Europe Hedged ETF 16.1 9 42 6.5 +1.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 16.0 80 -29 6.0 +1.0
RFDI First Trust Riverfront Dynamic Developed International ETF 15.9 83 -32 5.1 +0.1
RESD WisdomTree International ESG Fund 15.4 30 21 6.5 +1.5
FDEV Fidelity Targeted International Factor ETF 15.4 39 12 6.2 +1.2
VGK Vanguard FTSE Europe ETF 15.1 8 43 6.8 +1.8
IEUR iShares Core MSCI Europe ETF 15.1 9 42 6.6 +1.6
EFG iShares MSCI EAFE Growth ETF 14.9 40 11 4.1 -1.0
SPEU SPDR Portfolio Europe ETF 14.9 9 42 6.8 +1.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 14.6 58 -7 6.5 +1.5
IDHQ Invesco S&P International Developed Quality ETF 14.6 29 22 4.7 -0.3
DOL WisdomTree International LargeCap Dividend Fund 14.4 48 3 7.2 +2.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 14.1 20 31 6.4 +1.4
RNDM First Trust Developed International Equity Select ETF 14.1 65 -14 5.7 +0.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 13.7 58 -7 5.7 +0.7
IDLV Invesco S&P International Developed Low Volatility ETF 13.6 25 26 6.2 +1.2
EFA iShares MSCI EAFE ETF 13.6 32 19 6.2 +1.2
ESGD iShares MSCI EAFE ESG Optimized ETF 13.5 20 31 6.2 +1.2
IGRO iShares International Dividend Growth ETF 13.4 15 36 7.0 +2.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 13.4 35 16 6.1 +1.1
IQSI IQ Candriam ESG International Equity ETF 13.4 15 36 6.4 +1.4
IQDG WisdomTree International Quality Dividend Growth Fund 13.3 42 9 5.9 +0.9
GSID Goldman Sachs MarketBeta International Equity ETF 13.2 20 31 6.3 +1.3
RBIN Nationwide Risk-Based International Equity ETF 13.0 42 9 6.0 +1.0
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 12.9 61 -10 4.5 -0.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 12.8 40 11 7.2 +2.2
DWM WisdomTree International Equity Fund 12.8 48 3 7.2 +2.2
FIVA Fidelity International Value Factor ETF 12.8 39 12 8.8 +3.8
PDEV Principal International Multi-Factor Core Index ETF 12.8 25 26 7.1 +2.1
DWMF WisdomTree International Multifactor Fund 12.8 38 13 6.2 +1.2
JHMD John Hancock Multifactor Developed International ETF 12.7 39 12 6.6 +1.6
HFXI IQ 50 Percent Hedged FTSE International ETF 12.6 20 31 6.4 +1.4
BKIE BNY Mellon International Equity ETF 12.3 4 47 6.6 +1.6
VWID Virtus WMC International Dividend ETF 12.2 49 2 7.4 +2.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 12.1 7 44 6.5 +1.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 12.0 25 26 6.0 +1.0
IEFA iShares Core MSCI EAFE ETF 11.8 7 44 6.5 +1.5
NUDM Nuveen ESG International Developed Markets Equity ETF 11.5 40 11 5.9 +0.9
SCHF Schwab International Equity ETF 11.3 6 45 6.5 +1.5
PIZ Invesco DWA Developed Markets Momentum ETF 11.1 81 -30 4.4 -0.6
QINT American Century Quality Diversified International ETF 11.0 39 12 5.7 +0.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 10.9 14 37 6.1 +1.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 10.7 58 -7 5.0 +0.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 10.3 45 6 6.4 +1.4
CIL VictoryShares International Volatility Weighted Index ETF 10.3 45 6 6.4 +1.4
INTF iShares Edge MSCI Multifactor Intl ETF 10.2 30 21 7.2 +2.2
IDEV iShares Core MSCI International Developed Markets ETF 10.2 5 46 6.5 +1.5
VEA Vanguard FTSE Developed Markets ETF 10.2 5 46 6.6 +1.6
IDMO Invesco S&P International Developed Momentum ETF 10.1 26 25 3.7 -1.4
TPIF Timothy Plan International ETF 10.1 62 -11 6.1 +1.1
SPDW SPDR Portfolio Developed World ex-US ETF 10.1 4 47 6.2 +1.2
HEDJ WisdomTree Europe Hedged Equity Fund 9.9 58 -7 6.0 +1.0
DMXF iShares ESG Advanced MSCI EAFE ETF 9.7 12 39 6.2 +1.2
DOO WisdomTree International Dividend ex-Financials Fund 9.6 58 -7 7.7 +2.7
EZU iShares MSCI Eurozone ETF 9.6 51 0 6.0 +1.0
IQDF FlexShares International Quality Dividend Index Fund 9.5 47 4 7.9 +2.9
EURZ Xtrackers Eurozone Equity ETF 9.5 9 42 6.6 +1.6
JPIN JPMorgan Diversified Return International Equity ETF 9.3 37 14 7.0 +2.0
JIG JPMorgan International Growth ETF 9.2 55 -4 2.4 -2.6
LVHI Legg Mason International Low Volatility High Dividend ETF 9.0 40 11 9.0 +4.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 9.0 45 6 6.0 +1.0
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 8.9 35 16 6.0 +1.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 8.9 39 12 5.6 +0.6
FLSW Franklin FTSE Switzerland ETF 8.9 9 42 5.2 +0.2
DSTX Distillate International Fundamental Stability & Value ETF 8.9 55 -4 5.9 +0.9
VSGX Vanguard ESG International Stock ETF 8.9 17 34 6.3 +1.3
ACWX iShares MSCI ACWI ex U.S. ETF 8.9 32 19 6.3 +1.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 8.8 30 21 4.1 -0.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.8 40 11 6.1 +1.1
CWI SPDR MSCI ACWI ex-US ETF 8.8 30 21 6.2 +1.2
EWL iShares MSCI Switzerland ETF 8.7 51 0 4.8 -0.3
EWU iShares MSCI United Kingdom ETF 8.6 51 0 6.5 +1.5
IDOG ALPS International Sector Dividend Dogs ETF 8.5 50 1 8.2 +3.2
ZGBR SPDR Solactive United Kingdom ETF 8.4 14 37 7.1 +2.1
VEU Vanguard FTSE All-World ex-US Index Fund 8.4 8 43 6.7 +1.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 8.3 29 22 7.1 +2.1
DWX SPDR S&P International Dividend ETF 8.3 45 6 7.5 +2.5
GDVD Principal Active Global Dividend Income ETF 8.3 58 -7 4.3 -0.7
IQDE FlexShares International Quality Dividend Defensive Index ET 8.2 47 4 7.8 +2.8
ACWV iShares MSCI Global Min Vol Factor ETF 8.2 20 31 5.5 +0.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 8.2 29 22 7.3 +2.3
FLGB Franklin FTSE United Kingdom ETF 8.1 9 42 6.9 +1.9
QWLD SPDR MSCI World StrategicFactors ETF 8.1 30 21 5.4 +0.4

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:
ProShares MSCI EAFE Dividend Growers ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.5 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 51 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.69 CATEGORY
AVERAGE
1.54
 
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.