WisdomTree Earnings 500
ALTAR
Score™
7.0% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
16.2x P/Sales
ratio
1.9x
P/BV
ratio
2.7x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Earnings 500 Fund seeks to track the yield and performance of the WisdomTree Earnings 500 Index, an earnings-weighted index of large-cap U.S. stocks.

FUND BASICS
Category US Equities
Fund Sponsor WisdomTree ETFs
Website www.wisdomtree.com
Inception date Feb 23, 2007
Assets (mns) $321
Currency USD
Expense ratio 8 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Earnings
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 490
Wgt avg mkt cap (mns) $268,948
Large cap (>$10bn) 97.6%
Mid cap ($2-10bn) 2.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 6.5 %
MICROSOFT CORP 3.0 %
JPMORGAN CHASE & CO 2.6 %
BERKSHIRE HATHAWAY INC-CL B 2.5 %
ALPHABET INC. CLASS A 2.4 %
BANK OF AMERICA CORP 2.2 %
FACEBOOK 2.0 %
INTEL CORP 1.7 %
CITIGROUP INC 1.5 %
WELLS FARGO & CO 1.4 %
Total 25.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.2 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
23.8% 13.9% 10.1% 13.2% 8.3%

Market Correlations
versus... Beta R-squared
S&P500 1.04 96%
MSCI EAFE 0.87 57%
MSCI Emg. Mkts. 0.59 43%

Technical Indicators
Recent close $35.26
30d moving avg. $34.03
Annualized volatility 12.8%
Short interest (ETF) 0.8%
Short interest (Underlying) 2.3%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 63
Turnover 0.7%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $128,484

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the WisdomTree Earnings 500 ETF based on the alternatives' overlap in portfolio holdings with EPS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EPS Expense: 8 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EPS
Ticker Fund
Name
Overlap1
vs EPS
(%)
Expense
ratio
(bp)
Savings
vs EPS
(bp)
ALTAR
Score™
(%)
ALTAR
vs EPS
(%)
EXT WisdomTree Total Earnings 84.5 28 -20 6.8 -0.1
PBP Invesco S&P 500 Buy/Write 75.6 49 -41 5.6 -1.4
HSPX Global X S&P 500 Covered Call 74.6 65 -57 5.4 -1.6
SPY S&P 500 SPDR 74.2 9 -1 5.9 -1.1
IVV iShares Core S&P 500 74.1 4 4 6.0 -1.0
VOO Vanguard S&P 500 ETF 73.9 3 5 6.0 -1.0
PBUS Invesco PureBeta MSCI USA 73.4 4 4 6.0 -0.9
BBUS JP Morgan Betabuilders U.S. Equity 73.3 2 6 5.9 -1.1
SPLG SPDR Portfolio Large Cap 73.3 3 5 5.9 -1.1
VV Vanguard Large-Cap ETF 73.0 4 4 5.9 -1.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 72.6 20 -12 6.0 -1.0
SPXE ProShares S&P 500 Ex-Energy 72.4 27 -19 5.9 -1.1
SCHX Schwab U.S. Large-Cap 72.2 3 5 5.9 -1.1
IWB iShares Russell 1000 71.1 15 -7 5.8 -1.2
SCHK Schwab 1000 Index 70.9 5 3 5.9 -1.1
VONE Vanguard Russell 1000 70.9 12 -4 5.8 -1.2
DIVB iShares U.S. Dividend & Buyback 70.7 25 -17 6.7 -0.3
SPXV ProShares S&P 500 Ex-Health Care 70.5 27 -19 5.7 -1.3
MGC Vanguard Mega Cap 300 ETF 70.1 7 1 5.9 -1.1
IYY iShares DJ US Total Market 69.9 20 -12 5.7 -1.3

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
WisdomTree Earnings 500
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.4 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 8 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.55
 
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.