WisdomTree India Earnings Fund
ALTAR
Score™
8.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
19.5x P/Sales
ratio
1.3x
P/BV
ratio
1.8x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree India Earnings index, which is weighted by earnings and are eligible for purchase by foreign investors.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date Feb 22, 2008
Assets (mns) $629
Currency USD
Expense ratio 85 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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 306
Wgt avg mkt cap (mns) $46,154
Large cap (>$10bn) 61.0%
Mid cap ($2-10bn) 28.2%
Small cap (<$2bn) 10.8%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
RELIANCE INDUSTRIES LTD 16.4 %
INFOSYS TECHNOLOGIES LTD 7.4 %
HOUSING DEVELOPMENT FINANCE 6.4 %
TATA CONSULTANCY SVS LTD 3.9 %
HCL TECHNOLOGIES LTD 2.5 %
OIL & NATURAL GAS CORP LTD 2.0 %
JSW STEEL LIMITED 1.6 %
MARUTI SUZUKI INDIA LTD 1.5 %
BHARAT PETROLEUM CORP LTD 1.4 %
MAHINDRA & MAHINDRA LTD. 1.4 %
Total 44.5 %

TOP COUNTRY EXPOSURE
INDIA 97.6 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.1% -7.6% 1.0% 0.4% -0.3%

Market Correlations
versus... Beta R-squared
S&P500 0.89 38%
MSCI EAFE 1.07 47%
MSCI Emg. Mkts. 0.93 57%

Technical Indicators
Recent close $22.96
30d moving avg. $21.93
Annualized volatility 24.8%
Short interest (ETF) 11.7%
Relative strength (RSI) 77

Liquidity measures
Avg. volume (thou.) 1,060
Turnover 3.9%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $317

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the WisdomTree India Earnings Fund ETF based on the alternatives' overlap in portfolio holdings with EPI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EPI Expense: 85 bp ALTAR Score™: 8.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EPI
Ticker Fund
Name
Overlap1
vs EPI
(%)
Expense
ratio
(bp)
Savings
vs EPI
(bp)
ALTAR
Score™
(%)
ALTAR
vs EPI
(%)
FLIN Franklin FTSE India ETF 70.8 19 66 5.3 -2.8
INDA iShares MSCI India ETF 66.0 69 16 4.9 -3.2
PIN Invesco India ETF 64.9 78 7 5.4 -2.8
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 60.7 58 27 4.6 -3.5
INDY iShares India 50 ETF 59.7 94 -9 5.3 -2.8
NFTY First Trust India NIFTY 50 Equal Weight ETF 43.2 80 5 7.3 -0.8
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 15.0 64 21 4.6 -3.6
BKF iShares MSCI BRIC ETF 13.4 69 16 7.4 -0.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 11.5 49 36 7.6 -0.6
JHEM John Hancock Multifactor Emerging Markets ETF 11.4 49 36 8.3 +0.2
SMIN iShares MSCI India Small Cap ETF 10.8 76 9 3.0 -5.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 10.6 30 55 8.6 +0.5
EEMA iShares MSCI Emerging Markets Asia ETF 10.3 50 35 7.4 -0.7
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 9.8 50 35 10.3 +2.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 9.7 60 25 8.5 +0.4
SCHE Schwab Emerging Markets Equity ETF 9.1 11 74 7.9 -0.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 9.0 44 41 8.9 +0.8
FLAX Franklin FTSE Asia Ex Japan ETF 8.9 19 66 7.6 -0.5
VIGI Vanguard International Dividend Appreciation ETF 8.9 25 60 5.5 -2.6
GMF SPDR S&P Emerging Asia Pacific ETF 8.8 49 36 7.2 -0.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 8.7 68 17 7.0 -1.2
RNEM Emerging Markets Equity Select ETF 8.7 75 10 11.4 +3.3
VWO Vanguard FTSE Emerging Markets ETF 8.6 10 75 8.0 -0.2
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 8.4 25 60 7.7 -0.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 8.3 20 65 6.7 -1.4
INCO Columbia India Consumer ETF 8.3 75 10 2.7 -5.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 8.2 45 40 7.8 -0.3
DVEM WisdomTree Emerging Markets Dividend Fund 7.9 32 53 8.1 +0.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 7.9 36 49 8.0 -0.1
EEM iShares MSCI Emerging Markets ETF 7.8 68 17 7.3 -0.8
IEMG iShares Core MSCI Emerging Markets ETF 7.7 13 72 7.8 -0.3
ESGE iShares ESG MSCI EM ETF 7.6 25 60 8.5 +0.4
PXH Invesco FTSE RAFI Emerging Markets ETF 7.6 50 35 13.2 +5.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 7.5 32 53 6.1 -2.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 7.3 39 46 12.6 +4.5
FDEM Fidelity Targeted Emerging Markets Factor ETF 7.1 45 40 9.3 +1.2
EMMF WisdomTree Emerging Markets Multifactor Fund 6.9 48 37 9.3 +1.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 6.9 32 53 8.9 +0.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 6.8 30 55 7.7 -0.4
SPEM SPDR Portfolio Emerging Markets ETF 6.8 11 74 7.8 -0.3
NUEM Nuveen ESG Emerging Markets Equity ETF 6.7 45 40 7.0 -1.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.6 95 -10 9.2 +1.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 6.6 59 26 10.8 +2.7
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 6.2 45 40 8.8 +0.7
EEMO Invesco S&P Emerging Markets Momentum ETF 6.2 29 56 6.4 -1.8
ECON Columbia Emerging Markets Consumer ETF 6.1 59 26 4.5 -3.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 5.9 69 16 7.6 -0.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 5.7 65 20 7.3 -0.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 5.3 40 45 7.2 -1.0
AVEM Avantis Emerging Markets Equity ETF 5.2 33 52 8.7 +0.5
EWX SPDR S&P Emerging Markets Small Cap ETF 4.8 65 20 6.0 -2.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.4 58 27 7.7 -0.4
FILL iShares MSCI Global Energy Producers ETF 4.2 39 46 6.3 -1.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 3.7 63 22 12.5 +4.4
KMED KraneShares Emerging Markets Healthcare Index ETF 2.8 79 6 2.0 -6.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 2.6 16 69 6.8 -1.3
NXTG First Trust Indxx NextG ETF 2.6 70 15 5.9 -2.3
FEM First Trust Emerging Markets AlphaDEX Fund 2.5 80 5 12.9 +4.8
EDIV SPDR S&P Emerging Markets Dividend ETF 2.5 49 36 11.3 +3.2
LEGR First Trust Index Digital Transaction & Process Technology E 2.5 65 20 6.9 -1.3
ACWV iShares Edge MSCI Min Vol Global ETF 2.4 20 65 5.5 -2.6
FTAG First Trust Indxx Global Agriculture ETF 2.4 70 15 5.9 -2.2
DEM WisdomTree Emerging Markets High Dividend Fund 2.4 63 22 14.0 +5.9
IQDE FlexShares International Quality Dividend Defensive Index Fd 2.4 47 38 11.9 +3.8
IXUS ishares Core MSCI Total International Stock ETF 2.3 9 76 7.3 -0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.3 40 45 6.9 -1.2
VXUS Vanguard Total International Stock Index Fund 2.2 8 77 7.4 -0.7
VSGX Vanguard ESG International Stock ETF 2.0 17 68 7.0 -1.1
VEU Vanguard FTSE All-World ex-US Index Fund 2.0 8 77 7.4 -0.7
IQDF FlexShares International Quality Dividend Index Fund 1.9 47 38 12.1 +3.9
BLES Inspire Global Hope Large Cap ETF 1.9 52 33 6.4 -1.7
IGRO iShares International Dividend Growth ETF 1.7 22 63 7.8 -0.3
DVYE iShares Emerging Markets Dividend ETF 1.6 49 36 16.4 +8.3
ACWF iShares FactorSelect MSCI Global ETF 1.6 35 50 7.6 -0.5
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 1.5 45 40 13.2 +5.0
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 1.5 11 74 6.4 -1.7
CWI SPDR MSCI ACWI ex-US ETF 1.4 30 55 7.1 -1.1
VEGI iShares MSCI Global Agriculture Producers ETF 1.4 39 46 5.5 -2.6
PICK iShares MSCI Global Metals & Mining Producers ETF 1.2 39 46 6.8 -1.3
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 1.2 51 34 14.2 +6.1
VYMI Vanguard International High Dividend Yield ETF 1.1 32 53 9.9 +1.8
OBOR KraneShares MSCI One Belt One Road Index ETF 1.1 79 6 8.8 +0.7
XT iShares Exponential Technologies ETF 1.0 47 38 4.9 -3.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 65 5.9 -2.2
VT Vanguard Total World Stock Index Fund 0.8 8 77 5.9 -2.2
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 0.7 80 5 17.9 +9.8
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.7 20 65 5.9 -2.3
SDEM Global X SuperDividend Emerging Markets ETF 0.7 66 19 15.9 +7.8
DGT SPDR Global Dow ETF 0.5 50 35 6.5 -1.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 0.5 20 65 10.8 +2.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 38 6.2 -1.9
GUNR Flexshares Morningstar Global Upstream Natural Resources 0.4 46 39 5.5 -2.6
VNQI Vanguard Global ex-US Real Estate Index Fund 0.3 12 73 10.1 +2.0
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 0.3 10 75 9.2 +1.1
DEW WisdomTree Global High Dividend Fund 0.3 58 27 9.1 +1.0
SDG iShares Sustainable MSCI Global Impact ETF 0.3 49 36 5.5 -2.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.3 86 -1 2.1 -6.0
FTRI First Trust Indxx Global Natural Resources Income ETF 0.1 70 15 8.8 +0.7
ACWI iShares MSCI ACWI ETF 0.1 32 53 5.7 -2.5
DRW WisdomTree Global ex-US Real Estate Fund 0.1 58 27 10.6 +2.5

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%.

Content on this tab for subscribers only**

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 India Earnings Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.2 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 85 bp
Equals: ALTAR Score 8.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 CATEGORY
AVERAGE
1.45
 
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.