ProShares MSCI Europe Dividend Growers ETF
ALTAR
Score™
8.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
14.9x P/Sales
ratio
1.5x
P/BV
ratio
1.7x Div.
yield
3.7%


  • 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 10, 2015
Assets (mns) $6
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 56
Wgt avg mkt cap (mns) $42,559
Large cap (>$10bn) 67.1%
Mid cap ($2-10bn) 31.9%
Small cap (<$2bn) 1.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
COLOPLAST A/S CLASS B 2.6 %
NESTLE SA-REG 2.3 %
ROYAL AHOLD DELHAIZE N.V. 2.3 %
NOVO NORDISK A/S-B 2.3 %
SARTORIUS STEDIM BIOTECH SA 2.3 %
ROCHE HOLDING AG-GENUSSCHEIN 2.3 %
LINDT & SPRUENGLI AG-PC 2.2 %
UCB SA 2.2 %
SEB SA 2.2 %
WOLTERS KLUWER 2.2 %
Total 22.9 %

TOP COUNTRY EXPOSURE
BRITAIN 31.0 %
FRANCE 14.8 %
SWITZERLAND 12.3 %
DENMARK 6.9 %
GERMANY 5.8 %
IRELAND 5.5 %
NETHERLANDS 4.5 %
BELGIUM 4.0 %
SPAIN 3.8 %
SWEDEN 3.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-22.9% -11.8% -- -- -0.2%

Market Correlations
versus... Beta R-squared
S&P500 0.91 78%
MSCI EAFE 1.00 91%
MSCI Emg. Mkts. 0.76 76%

Technical Indicators
Recent close $32.74
30d moving avg. $36.62
Annualized volatility 15.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 34

Liquidity measures
Avg. volume (thou.) 3
Turnover 1.5%
Bid/Ask (% of price) 0.64%
ADV underlying (mns) $4,311

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 8.7%


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 58.2 50 5 8.2 -0.5
EUMV iShares Edge MSCI Min Vol Europe ETF 26.1 25 30 6.4 -2.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 21.3 25 30 8.4 -0.3
IEV iShares Europe ETF 20.3 59 -4 8.6 -0.1
RFEU First Trust Riverfront Dynamic Europe ETF 20.3 83 -28 6.4 -2.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 19.8 45 10 8.4 -0.3
FLEE Franklin FTSE Europe ETF 19.8 9 46 8.8 +0.1
BBEU JPMorgan BetaBuilders Europe ETF 19.7 9 46 9.1 +0.4
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 19.7 30 25 8.6 -0.1
FLEH Franklin FTSE Europe Hedged ETF 19.4 9 46 8.8 +0.1
VIGI Vanguard International Dividend Appreciation ETF 18.8 25 30 7.2 -1.5
IEUR iShares Core MSCI Europe ETF 18.8 9 46 9.2 +0.5
QEFA SPDR MSCI EAFE Quality Mix ETF 18.7 30 25 8.2 -0.5
OEUR O'shares FTSE Europe Quality Dividend ETF 18.4 48 7 7.7 -1.0
FEU SPDR Portfolio Europe ETF 18.3 9 46 9.2 +0.5
VGK Vanguard FTSE Europe ETF 18.3 8 47 9.3 +0.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 17.4 58 -3 7.8 -0.9
IQLT iShares Edge MSCI Intl Quality Factor ETF 17.3 30 25 7.5 -1.1
EFG iShares MSCI EAFE Growth ETF 16.9 40 15 5.9 -2.8
EFAV iShares Edge MSCI Min Vol EAFE ETF 16.5 20 35 6.7 -2.0
IDHQ Invesco S&P International Developed High Quality ETF 15.7 29 26 6.7 -2.0
IGRO iShares International Dividend Growth ETF 15.5 22 33 9.9 +1.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 15.5 20 35 9.1 +0.4
IDMO Invesco S&P International Developed Momentum ETF 15.1 25 30 5.7 -2.9
PIZ Invesco DWA Developed Markets Momentum ETF 15.1 80 -25 5.4 -3.2
DOL WisdomTree International LargeCap Dividend Fund 15.0 48 7 10.8 +2.1
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 14.9 61 -6 6.5 -2.2
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 14.7 48 7 0.0 -8.7
RFDI First Trust Riverfront Dynamic Developed International ETF 14.7 83 -28 8.1 -0.6
PDEV Principal International Multi-Factor Core Index ETF 14.7 25 30 8.5 -0.2
EFA iShares MSCI EAFE ETF 14.6 32 23 9.0 +0.4
RNDM Developed International Equity Select ETF 14.2 65 -10 8.2 -0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 14.1 35 20 8.8 +0.2
DDEZ WisdomTree Europe Multifactor Fund 13.9 43 12 8.5 -0.2
IQSI IQ Candriam ESG International Equity ETF 13.7 15 40 9.2 +0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 13.7 25 30 8.6 -0.0
HFXI IQ 50 Percent Hedged FTSE International ETF 13.7 20 35 9.5 +0.8
SCID Global X Scientific Beta Europe ETF 13.6 38 17 9.0 +0.3
FDEV Fidelity Targeted International Factor ETF 13.6 39 16 7.8 -0.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 13.5 32 23 7.6 -1.1
ESGD iShares MSCI EAFE ESG Optimized ETF 13.2 20 35 9.1 +0.4
MVIN Natixis Seeyond International Minimum Volatility ETF 13.2 55 0 7.4 -1.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 13.2 7 48 9.6 +0.9
FIVA Fidelity International Value Factor ETF 13.0 39 16 13.3 +4.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 13.0 30 25 8.1 -0.6
QINT American Century Quality Diversified International ETF 13.0 39 16 7.6 -1.0
HEDJ WisdomTree Europe Hedged Equity Fund 13.0 58 -3 10.0 +1.3
EWU iShares MSCI United Kingdom ETF 13.0 50 5 8.7 +0.0
IEFA iShares Core MSCI EAFE ETF 12.8 7 48 9.3 +0.6
QGBR SPDR MSCI UK StrategicFactors ETF 12.8 14 41 9.4 +0.7
FLGB Franklin FTSE United Kingdom ETF 12.8 9 46 9.3 +0.6
JPEU JPMorgan Diversified Return Europe Equity ETF 12.8 37 18 8.8 +0.1
DOO WisdomTree International Dividend ex-Financials Fund 12.7 58 -3 11.1 +2.4
SCHF Schwab International Equity ETF 12.4 6 49 9.4 +0.7
JHMD John Hancock Multifactor Developed International ETF 12.3 45 10 9.4 +0.8
IQDE FlexShares International Quality Dividend Defensive Index Fd 12.2 47 8 15.5 +6.8
EZU iShares MSCI Eurozone ETF 12.1 49 6 8.9 +0.3
EURZ Xtrackers Eurozone Equity ETF 12.1 9 46 9.2 +0.5
IDEV iShares Core MSCI International Developed Markets ETF 12.0 5 50 9.3 +0.6
DWMF WisdomTree International Multifactor Fund 11.9 38 17 8.3 -0.4
IQDF FlexShares International Quality Dividend Index Fund 11.8 47 8 16.2 +7.5
DWM WisdomTree International Equity Fund 11.6 48 7 10.7 +2.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.5 47 8 17.4 +8.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 11.5 35 20 11.0 +2.3
GXF Global X FTSE Nordic Region ETF 11.5 58 -3 13.8 +5.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 11.3 45 10 8.8 +0.2
SPDW SPDR Portfolio Developed World ex-US ETF 11.2 4 51 9.2 +0.5
FLSW Franklin FTSE Switzerland ETF 11.2 9 46 6.3 -2.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 11.0 14 41 8.7 -0.0
IDY Pacific Global International Equity Income ETF 10.9 39 16 11.0 +2.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 10.9 58 -3 7.8 -0.9
VEA Vanguard FTSE Developed Markets ETF 10.9 5 50 9.5 +0.9
FEZ SPDR EURO STOXX 50 ETF 10.9 29 26 9.3 +0.6
FKU First Trust United Kingdom AlphaDEX Fund 10.7 80 -25 13.9 +5.2
EWL iShares MSCI Switzerland ETF 10.7 50 5 5.8 -2.9
IQDG WisdomTree International Quality Dividend Growth Fund 10.6 38 17 8.0 -0.7
GDVD Principal Active Global Dividend Income ETF 10.4 58 -3 7.4 -1.3
CWI SPDR MSCI ACWI ex-US ETF 10.4 30 25 9.4 +0.7
RBIN Nationwide Risk-Based International Equity ETF 10.4 42 13 8.4 -0.3
EFAS Global X MSCI SuperDividend EAFE ETF 10.3 55 0 12.7 +4.1
ACWX iShares MSCI ACWI ex U.S. ETF 9.9 32 23 9.4 +0.7
FLFR Franklin FTSE France ETF 9.8 9 46 8.9 +0.2
EWQ iShares MSCI France ETF 9.8 50 5 8.5 -0.2
IXJ iShares Global Healthcare ETF 9.7 46 9 7.2 -1.5
INTF iShares Edge MSCI Multifactor Intl ETF 9.7 30 25 10.3 +1.7
ISDX Invesco Strategic Developed ex-US ETF 9.7 23 32 10.0 +1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 9.6 40 15 9.2 +0.5
NUDM Nuveen ESG International Developed Markets Equity ETF 9.6 40 15 8.6 -0.1
IOO iShares Global 100 ETF 9.5 40 15 6.2 -2.5
VEU Vanguard FTSE All-World ex-US Index Fund 9.2 8 47 9.7 +1.0
IQIN IQ 500 International ETF 9.1 25 30 11.3 +2.7
GDNA Goldman Sachs Motif Human Evolution ETF 9.0 50 5 0.5 -8.2
KXI iShares Global Consumer Staples ETF 8.9 46 9 5.9 -2.8
DNL WisdomTree Global ex-US Dividend Growth Fund 8.9 58 -3 9.5 +0.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 8.8 39 16 8.6 -0.1
IXUS ishares Core MSCI Total International Stock ETF 8.7 9 46 9.5 +0.8
CIL Victory CEMP International Volatility Weighted Index ETF 8.6 45 10 9.3 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.4 45 10 11.5 +2.8
VSGX Vanguard ESG International Stock ETF 8.4 17 38 9.2 +0.5

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%.

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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:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.4 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.57
 
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.