ProShares MSCI Europe Dividend Growers ETF
ALTAR
Score™
5.7% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
19.6x P/Sales
ratio
2.3x
P/BV
ratio
2.9x Div.
yield
3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The ProShares MSCI Europe Dividend Growers ETF tracks an index of European companies with a history of stable dividend growth

FUND BASICS
Category International Equities
Fund Sponsor ProShares
Website www.proshares.com
Inception date Sep 09, 2015
Assets (mns) $8
Currency USD
Expense ratio 55 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Equal
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 34
Wgt avg mkt cap (mns) $44,954
Large cap (>$10bn) 74.9%
Mid cap ($2-10bn) 25.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SEB SA 3.6 %
UCB SA 3.5 %
PARTNERS GROUP HOLDING AG 3.1 %
CIE FINANCIERE RICHEMON-BR A 3.1 %
LEGAL & GENERAL GROUP PLC 3.1 %
ST JAMES'S PLACE PLC 3.1 %
ASHTEAD GROUP PLC 3.1 %
INTERTEK GROUP PLC 3.0 %
PRUDENTIAL PLC 3.0 %
GROUPE BRUXELLES LAMBERT SA 3.0 %
Total 31.7 %

TOP COUNTRY EXPOSURE
BRITAIN 37.8 %
SWITZERLAND 16.9 %
DENMARK 8.3 %
BELGIUM 6.5 %
FRANCE 6.3 %
NETHERLANDS 5.8 %
SPAIN 5.8 %
GERMANY 3.0 %
IRELAND 2.9 %
NORWAY 2.7 %

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.
-7.2% 3.7% -- -- 3.9%

Market Correlations
versus... Beta R-squared
S&P500 0.89 83%
MSCI EAFE 1.01 92%
MSCI Emg. Mkts. 0.74 79%

Technical Indicators
Recent close $41.35
30d moving avg. $41.17
Annualized volatility 16.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.5%
Bid/Ask (% of price) 0.42%
ADV underlying (mns) $5,799

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the ProShares MSCI Europe Dividend Growers ETF ETF based on the alternatives' overlap in portfolio holdings with EUDV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EUDV Expense: 55 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EUDV
Ticker Fund
Name
Overlap1
vs EUDV
(%)
Expense
ratio
(bp)
Savings
vs EUDV
(bp)
ALTAR
Score™
(%)
ALTAR
vs EUDV
(%)
EFAD ProShares MSCI EAFE Dividend Growers ETF 50.1 50 5 6.2 +0.5
EUMV iShares Edge MSCI Min Vol Europe ETF 20.1 25 30 5.0 -0.7
RFEU First Trust Riverfront Dynamic Europe ETF 17.5 83 -28 5.4 -0.3
OEUR O'shares FTSE Europe Quality Dividend ETF 16.7 48 7 6.6 +0.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 16.4 25 30 6.5 +0.8
IDHQ Invesco S&P International Developed Quality ETF 16.3 29 26 5.1 -0.6
IEV iShares Europe ETF 16.1 59 -4 6.8 +1.1
BBEU JPMorgan BetaBuilders Europe ETF 15.6 9 46 7.3 +1.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.5 45 10 6.7 +1.0
FLEH Franklin FTSE Europe Hedged ETF 15.3 9 46 7.1 +1.5
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 15.3 30 25 6.8 +1.2
FLEE Franklin FTSE Europe ETF 15.2 9 46 7.0 +1.3
IEUR iShares Core MSCI Europe ETF 14.4 9 46 7.3 +1.6
QEFA SPDR MSCI EAFE Quality Mix ETF 14.3 30 25 6.9 +1.2
FEU SPDR Portfolio Europe ETF 14.2 9 46 7.4 +1.7
VGK Vanguard FTSE Europe ETF 14.2 8 47 7.4 +1.8
EFAV iShares Edge MSCI Min Vol EAFE ETF 13.9 20 35 5.5 -0.2
IQLT iShares Edge MSCI Intl Quality Factor ETF 13.8 30 25 6.1 +0.4
FLSW Franklin FTSE Switzerland ETF 13.7 9 46 5.5 -0.1
VIGI Vanguard International Dividend Appreciation ETF 13.5 25 30 5.6 -0.1
EWL iShares MSCI Switzerland ETF 13.5 50 5 5.1 -0.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 13.4 32 23 6.4 +0.7
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 13.3 61 -6 5.0 -0.7
INTF iShares Edge MSCI Multifactor Intl ETF 13.2 30 25 7.9 +2.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 12.7 58 -3 6.1 +0.4
DOO WisdomTree International Dividend ex-Financials Fund 12.3 58 -3 8.9 +3.2
IGRO iShares International Dividend Growth ETF 12.3 22 33 8.1 +2.4
IDY Pacific Global International Equity Income ETF 12.3 39 16 8.1 +2.4
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 12.2 30 25 0.0 -5.7
DOL WisdomTree International LargeCap Dividend Fund 12.2 48 7 8.6 +2.9
RFDI First Trust Riverfront Dynamic Developed International ETF 12.0 83 -28 5.7 +0.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 11.5 20 35 7.1 +1.5
FIVA Fidelity International Value Factor ETF 11.4 39 16 10.1 +4.4
EWU iShares MSCI United Kingdom ETF 11.3 50 5 7.2 +1.5
QGBR SPDR MSCI UK StrategicFactors ETF 11.3 14 41 7.8 +2.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 11.1 80 -25 6.0 +0.3
EFG iShares MSCI EAFE Growth ETF 10.9 40 15 4.6 -1.1
EFA iShares MSCI EAFE ETF 10.8 32 23 7.1 +1.4
FLGB Franklin FTSE United Kingdom ETF 10.7 9 46 7.7 +2.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 10.6 35 20 6.9 +1.3
GSID Goldman Sachs MarketBeta International Equity ETF 10.5 20 35 7.4 +1.7
IDMO Invesco S&P International Developed Momentum ETF 10.4 26 29 4.5 -1.2
IQDF FlexShares International Quality Dividend Index Fund 10.4 47 8 12.3 +6.7
BKIE BNY Mellon International Equity ETF 10.4 4 51 7.5 +1.8
IQDE FlexShares International Quality Dividend Defensive Index Fd 10.3 47 8 12.3 +6.6
MVIN Natixis Seeyond International Minimum Volatility ETF 10.3 56 -1 5.4 -0.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 10.2 30 25 4.3 -1.3
FDEV Fidelity Targeted International Factor ETF 10.2 39 16 6.6 +0.9
ESGD iShares MSCI EAFE ESG Optimized ETF 10.1 20 35 7.0 +1.3
HFXI IQ 50 Percent Hedged FTSE International ETF 10.0 20 35 7.5 +1.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 10.0 25 30 6.6 +1.0
IQSI IQ Candriam ESG International Equity ETF 9.9 15 40 7.3 +1.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 9.9 58 -3 6.3 +0.6
IXJ iShares Global Healthcare ETF 9.8 46 9 6.3 +0.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 9.7 58 -3 7.8 +2.1
IQDG WisdomTree International Quality Dividend Growth Fund 9.7 38 17 6.4 +0.7
PIZ Invesco DWA Developed Markets Momentum ETF 9.6 81 -26 4.2 -1.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 9.5 7 48 7.6 +1.9
PDEV Principal International Multi-Factor Core Index ETF 9.5 25 30 8.0 +2.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 9.4 35 20 8.6 +2.9
DWM WisdomTree International Equity Fund 9.2 48 7 8.3 +2.7
IEFA iShares Core MSCI EAFE ETF 9.2 7 48 7.4 +1.7
DWMF WisdomTree International Multifactor Fund 9.2 38 17 6.8 +1.2
JHMD John Hancock Multifactor Developed International ETF 9.2 39 16 7.5 +1.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 8.9 70 -15 2.4 -3.3
SCHF Schwab International Equity ETF 8.9 6 49 7.4 +1.7
LVHI Legg Mason International Low Volatility High Dividend ETF 8.6 40 15 9.3 +3.6
IDEV iShares Core MSCI International Developed Markets ETF 8.5 5 50 7.3 +1.6
SCID Global X Scientific Beta Europe ETF 8.4 39 16 6.5 +0.8
FIDI Fidelity International High Dividend ETF 8.3 39 16 11.2 +5.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 8.3 14 41 7.0 +1.3
RNDM Developed International Equity Select ETF 8.2 65 -10 6.4 +0.8
JPEU JPMorgan Diversified Return Europe Equity ETF 8.2 37 18 7.0 +1.4
IDOG ALPS International Sector Dividend Dogs ETF 8.1 50 5 11.1 +5.4
SPDW SPDR Portfolio Developed World ex-US ETF 8.1 4 51 7.2 +1.6
GDVD Principal Active Global Dividend Income ETF 8.0 58 -3 5.0 -0.6
VEA Vanguard FTSE Developed Markets ETF 7.9 5 50 7.5 +1.8
FKU First Trust United Kingdom AlphaDEX Fund 7.9 80 -25 9.4 +3.7
QINT American Century Quality Diversified International ETF 7.7 39 16 5.8 +0.1
EFAS Global X MSCI SuperDividend EAFE ETF 7.7 56 -1 9.7 +4.1
IVLU iShares Edge MSCI Intl Value Factor ETF 7.5 30 25 11.5 +5.8
IOO iShares Global 100 ETF 7.5 40 15 4.7 -1.0
KXI iShares Global Consumer Staples ETF 7.4 46 9 5.3 -0.4
EFV iShares MSCI EAFE Value ETF 7.2 39 16 9.6 +3.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.2 47 8 12.7 +7.0
RBIN Nationwide Risk-Based International Equity ETF 7.1 42 13 6.5 +0.8
CWI SPDR MSCI ACWI ex-US ETF 7.1 30 25 7.2 +1.5
HEDJ WisdomTree Europe Hedged Equity Fund 7.1 58 -3 6.9 +1.3
DWX SPDR S&P International Dividend ETF 7.1 45 10 8.1 +2.4
EUFN iShares MSCI Europe Financials ETF 6.9 48 7 11.6 +6.0
ACWX iShares MSCI ACWI ex U.S. ETF 6.9 32 23 7.3 +1.6
GXF Global X FTSE Nordic Region ETF 6.8 56 -1 11.1 +5.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 6.8 40 15 7.1 +1.4
SDGA Impact Shares Sustainable Development Goals Global ETF 6.6 75 -20 5.4 -0.3
NUDM Nuveen ESG International Developed Markets Equity ETF 6.6 40 15 7.0 +1.3
VEU Vanguard FTSE All-World ex-US Index Fund 6.6 8 47 7.6 +1.9
DMDV AAM S&P Developed Markets High Dividend Value ETF 6.5 39 16 11.1 +5.5
EWK iShares MSCI Belgium Capped ETF 6.5 49 6 6.5 +0.8

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 Europe 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 17.6 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.74 CATEGORY
AVERAGE
1.59
 
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.