ProShares MSCI Europe Dividend Growers ETF
ALTAR
Score™
5.0% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
21.5x P/Sales
ratio
2.7x
P/BV
ratio
3.0x Div.
yield
2.4%


  • 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) $9
Currency USD
Expense ratio 56 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 44
Wgt avg mkt cap (mns) $54,000
Large cap (>$10bn) 89.4%
Mid cap ($2-10bn) 10.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ASML HOLDING NV 2.7 %
ASHTEAD GROUP PLC 2.6 %
BASF SE 2.5 %
PARTNERS GROUP HOLDING AG 2.5 %
HALMA PLC 2.4 %
NOVARTIS AG-REG 2.4 %
CRODA INTERNATIONAL PLC 2.4 %
LEGAL & GENERAL GROUP PLC 2.4 %
REED ELSEVIER PLC 2.3 %
NOVO NORDISK A/S-B 2.3 %
Total 24.6 %

TOP COUNTRY EXPOSURE
BRITAIN 25.0 %
SWITZERLAND 16.1 %
GERMANY 15.7 %
DENMARK 11.0 %
FRANCE 6.7 %
BELGIUM 6.7 %
NETHERLANDS 4.9 %
SPAIN 4.2 %
NORWAY 2.2 %
ITALY 2.1 %

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.
5.8% 5.8% 6.2% -- 6.2%

Market Correlations
versus... Beta R-squared
S&P500 0.88 85%
MSCI EAFE 0.92 91%
MSCI Emg. Mkts. 0.75 76%

Technical Indicators
Recent close $46.67
30d moving avg. $46.54
Annualized volatility 18.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.5%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $6,231

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 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: 56 bp ALTAR Score™: 5.0%


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 60.0 51 5 5.1 +0.1
DFAI Dimensional International Core Equity Market ETF 28.1 18 38 6.4 +1.4
OEUR O'shares FTSE Europe Quality Dividend ETF 27.8 48 8 5.2 +0.2
RFEU First Trust Riverfront Dynamic Europe ETF 21.0 83 -27 5.7 +0.7
IEV iShares Europe ETF 19.5 59 -3 6.3 +1.3
BBEU JPMorgan BetaBuilders Europe ETF 19.1 9 47 6.7 +1.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 18.9 45 11 6.0 +1.0
VIGI Vanguard International Dividend Appreciation ETF 18.7 20 36 5.2 +0.1
FLEE Franklin FTSE Europe ETF 18.6 9 47 6.5 +1.5
IDHQ Invesco S&P International Developed Quality ETF 18.5 29 27 4.8 -0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 18.5 25 31 5.9 +0.9
FLEH Franklin FTSE Europe Hedged ETF 18.4 9 47 6.5 +1.5
QEFA SPDR MSCI EAFE Quality Mix ETF 18.2 30 26 6.0 +1.0
RFDI First Trust Riverfront Dynamic Developed International ETF 17.8 83 -27 5.2 +0.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 17.6 58 -2 6.5 +1.5
VGK Vanguard FTSE Europe ETF 17.3 8 48 6.8 +1.8
IEUR iShares Core MSCI Europe ETF 17.1 9 47 6.6 +1.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 17.0 30 26 5.3 +0.3
SPEU SPDR Portfolio Europe ETF 16.9 9 47 6.8 +1.8
EFAV iShares Edge MSCI Min Vol EAFE ETF 16.5 20 36 5.0 0.0
EFG iShares MSCI EAFE Growth ETF 16.4 40 16 4.1 -0.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 15.5 58 -2 5.9 +0.8
DOL WisdomTree International LargeCap Dividend Fund 15.4 48 8 7.2 +2.2
IQDG WisdomTree International Quality Dividend Growth Fund 15.2 42 14 6.1 +1.1
RESD WisdomTree International ESG Fund 14.7 30 26 6.5 +1.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 14.5 32 24 5.7 +0.7
MVIN Natixis Seeyond International Minimum Volatility ETF 14.4 56 0 5.8 +0.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 14.2 58 -2 5.1 +0.1
IGRO iShares International Dividend Growth ETF 13.7 15 41 7.1 +2.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 13.6 20 36 6.5 +1.5
HEDJ WisdomTree Europe Hedged Equity Fund 13.5 58 -2 6.0 +1.0
DWM WisdomTree International Equity Fund 13.2 48 8 7.2 +2.2
IQSI IQ Candriam ESG International Equity ETF 13.2 15 41 6.4 +1.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 13.1 80 -24 6.0 +1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 12.9 40 16 7.3 +2.3
FDEV Fidelity Targeted International Factor ETF 12.8 39 17 6.2 +1.2
EFA iShares MSCI EAFE ETF 12.7 32 24 6.3 +1.3
ESGD iShares MSCI EAFE ESG Optimized ETF 12.7 20 36 6.2 +1.2
PIZ Invesco DWA Developed Markets Momentum ETF 12.7 81 -25 4.6 -0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 12.5 35 21 6.1 +1.1
GSID Goldman Sachs MarketBeta International Equity ETF 12.4 20 36 6.4 +1.4
EZU iShares MSCI Eurozone ETF 12.2 51 5 6.0 +1.0
FIVA Fidelity International Value Factor ETF 12.1 39 17 8.7 +3.7
EURZ Xtrackers Eurozone Equity ETF 12.1 9 47 6.6 +1.6
VWID Virtus WMC International Dividend ETF 11.9 49 7 7.4 +2.4
FLSW Franklin FTSE Switzerland ETF 11.9 9 47 5.3 +0.3
IDOG ALPS International Sector Dividend Dogs ETF 11.7 50 6 8.2 +3.2
EWL iShares MSCI Switzerland ETF 11.7 51 5 4.8 -0.2
PDEV Principal International Multi-Factor Core Index ETF 11.6 25 31 7.1 +2.1
BKIE BNY Mellon International Equity ETF 11.6 4 52 6.6 +1.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 11.4 45 11 6.0 +1.0
HFXI IQ 50 Percent Hedged FTSE International ETF 11.3 20 36 6.5 +1.5
NUDM Nuveen ESG International Developed Markets Equity ETF 11.3 40 16 6.0 +1.0
IDMO Invesco S&P International Developed Momentum ETF 11.2 26 30 3.8 -1.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 11.1 7 49 6.6 +1.6
RNDM First Trust Developed International Equity Select ETF 11.0 65 -9 5.8 +0.7
EDEN iShares MSCI Denmark Capped ETF 11.0 53 3 5.5 +0.5
JIG JPMorgan International Growth ETF 10.9 55 1 2.6 -2.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 10.8 14 42 6.1 +1.1
IEFA iShares Core MSCI EAFE ETF 10.8 7 49 6.6 +1.6
JHMD John Hancock Multifactor Developed International ETF 10.7 39 17 6.6 +1.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 10.7 25 31 6.1 +1.1
RBIN Nationwide Risk-Based International Equity ETF 10.3 42 14 6.1 +1.1
SCHF Schwab International Equity ETF 10.2 6 50 6.6 +1.6
GDVD Principal Active Global Dividend Income ETF 10.1 58 -2 4.3 -0.7
LVHI Legg Mason International Low Volatility High Dividend ETF 10.0 40 16 9.0 +4.0
EWU iShares MSCI United Kingdom ETF 9.9 51 5 6.5 +1.5
ZGBR SPDR Solactive United Kingdom ETF 9.8 14 42 7.0 +2.0
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 9.7 61 -5 4.6 -0.5
DXGE WisdomTree Germany Hedged Equity Fund 9.6 48 8 7.8 +2.7
INTF iShares Edge MSCI Multifactor Intl ETF 9.6 30 26 7.3 +2.3
IXJ iShares Global Healthcare ETF 9.5 46 10 6.2 +1.2
FEZ SPDR EURO STOXX 50 ETF 9.5 29 27 6.2 +1.2
FLGB Franklin FTSE United Kingdom ETF 9.3 9 47 6.9 +1.9
IDEV iShares Core MSCI International Developed Markets ETF 9.2 5 51 6.5 +1.5
VEA Vanguard FTSE Developed Markets ETF 9.2 5 51 6.6 +1.6
DWMF WisdomTree International Multifactor Fund 9.1 38 18 6.3 +1.3
EWG iShares MSCI Germany ETF 9.1 51 5 6.6 +1.5
QINT American Century Quality Diversified International ETF 9.0 39 17 5.8 +0.8
DBGR Xtrackers MSCI Germany Hedged Equity ETF 9.0 45 11 6.5 +1.5
SPDW SPDR Portfolio Developed World ex-US ETF 8.9 4 52 6.3 +1.3
FLGR Franklin FTSE Germany ETF 8.8 9 47 7.2 +2.1
IQDF FlexShares International Quality Dividend Index Fund 8.7 47 9 7.9 +2.9
ZDEU SPDR Solactive Germany ETF 8.6 14 42 7.3 +2.2
IDLV Invesco S&P International Developed Low Volatility ETF 8.6 25 31 6.2 +1.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 8.4 45 11 6.4 +1.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 8.4 20 36 8.4 +3.4
CIL VictoryShares International Volatility Weighted Index ETF 8.4 45 11 6.4 +1.4
DMXF iShares ESG Advanced MSCI EAFE ETF 8.3 12 44 6.2 +1.2
VSGX Vanguard ESG International Stock ETF 8.1 17 39 6.4 +1.4
CWI SPDR MSCI ACWI ex-US ETF 8.1 30 26 6.3 +1.3
EFAS Global X MSCI SuperDividend EAFE ETF 8.1 56 0 7.9 +2.9
GXF Global X FTSE Nordic Region ETF 8.0 56 0 9.6 +4.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 8.0 30 26 4.2 -0.8
DOO WisdomTree International Dividend ex-Financials Fund 7.9 58 -2 7.7 +2.7
ACWX iShares MSCI ACWI ex U.S. ETF 7.9 32 24 6.4 +1.4

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 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 15.7 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 56 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.