Xtrackers Eurozone Equity ETF
ALTAR
Score™
6.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
25.5x P/Sales
ratio
1.3x
P/BV
ratio
1.6x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Xtrackers MSCI Southern Europe Hedged Equity ETF tracks an index of large- and midcap stocks from Italy, Spain and Portugal, hedged against movements between the euro and US dollar

FUND BASICS
Category International Equities
Fund Sponsor Deutsche Bank
Website etfus.deutscheam.com
Inception date Aug 19, 2015
Assets (mns) $2
Currency USD
Expense ratio 9 bp
Distributions Semi-annual

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 276
Wgt avg mkt cap (mns) $56,820
Large cap (>$10bn) 87.1%
Mid cap ($2-10bn) 12.3%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
LVMH MOET HENNESSY LOUIS VUI 3.3 %
ASML HOLDING NV 3.3 %
SAP AG 2.5 %
SANOFI-AVENTIS 2.3 %
SIEMENS AG-REG 2.0 %
TOTAL SA 2.0 %
L'OREAL 1.9 %
ALLIANZ SE-REG 1.9 %
UNILEVER NV 1.8 %
AIR LIQUIDE SA 1.7 %
Total 22.7 %

TOP COUNTRY EXPOSURE
FRANCE 32.0 %
GERMANY 27.1 %
NETHERLANDS 14.5 %
SPAIN 7.9 %
ITALY 6.4 %
FINLAND 3.8 %
BELGIUM 3.5 %
IRELAND 1.9 %
LUXEMBOURG 0.8 %
AUSTRIA 0.6 %

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.
-14.1% -10.3% -- -- -4.1%

Market Correlations
versus... Beta R-squared
S&P500 0.99 77%
MSCI EAFE 1.21 95%
MSCI Emg. Mkts. 0.86 74%

Technical Indicators
Recent close $23.33
30d moving avg. $21.77
Annualized volatility 20.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $12,981

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Xtrackers Eurozone Equity ETF ETF based on the alternatives' overlap in portfolio holdings with EURZ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EURZ Expense: 9 bp ALTAR Score™: 6.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EURZ
Ticker Fund
Name
Overlap1
vs EURZ
(%)
Expense
ratio
(bp)
Savings
vs EURZ
(bp)
ALTAR
Score™
(%)
ALTAR
vs EURZ
(%)
EZU iShares MSCI Eurozone ETF 91.6 49 -40 6.1 -0.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 86.5 45 -36 6.2 -0.3
FEZ SPDR EURO STOXX 50 ETF 57.4 29 -20 6.3 -0.2
FLEH Franklin FTSE Europe Hedged ETF 49.0 9 0 6.7 +0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 48.9 45 -36 6.3 -0.2
FLEE Franklin FTSE Europe ETF 48.6 9 0 6.6 +0.1
IEV iShares Europe ETF 48.6 59 -50 6.4 -0.0
BBEU JPMorgan BetaBuilders Europe ETF 48.2 9 0 6.9 +0.4
IEUR iShares Core MSCI Europe ETF 44.1 9 0 6.8 +0.3
VGK Vanguard FTSE Europe ETF 43.7 8 1 6.9 +0.5
FEU SPDR Portfolio Europe ETF 43.3 9 0 6.9 +0.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 42.3 25 -16 6.1 -0.4
HEDJ WisdomTree Europe Hedged Equity Fund 39.3 58 -49 6.7 +0.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 35.2 58 -49 5.8 -0.7
EWQ iShares MSCI France ETF 34.4 50 -41 5.6 -0.9
FLFR Franklin FTSE France ETF 34.1 9 0 6.0 -0.4
EFV iShares MSCI EAFE Value ETF 32.9 39 -30 8.7 +2.2
IQSI IQ Candriam ESG International Equity ETF 31.9 15 -6 6.9 +0.4
OEUR O'shares FTSE Europe Quality Dividend ETF 31.4 48 -39 6.6 +0.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 31.3 14 -5 6.4 -0.1
IQIN IQ 500 International ETF 31.1 25 -16 7.8 +1.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 30.9 20 -11 6.6 +0.1
EFA iShares MSCI EAFE ETF 30.4 32 -23 6.5 +0.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 30.3 35 -26 6.4 -0.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 30.0 45 -36 8.0 +1.6
ESGD iShares MSCI EAFE ESG Optimized ETF 29.8 20 -11 6.4 -0.1
JHMD John Hancock Multifactor Developed International ETF 29.0 39 -30 6.8 +0.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 28.5 35 -26 6.3 -0.2
HFXI IQ 50 Percent Hedged FTSE International ETF 28.3 20 -11 6.9 +0.4
FEUZ First Trust Eurozone AlphaDEX ETF 28.3 80 -71 7.2 +0.7
GSID Goldman Sachs MarketBeta International Equity ETF 28.2 20 -11 6.8 +0.3
EFG iShares MSCI EAFE Growth ETF 28.0 40 -31 4.3 -2.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 28.0 7 2 6.9 +0.4
DOL WisdomTree International LargeCap Dividend Fund 27.5 48 -39 8.5 +2.0
BKIE BNY Mellon International Equity ETF 27.1 4 5 6.8 +0.4
FLGR Franklin FTSE Germany ETF 27.1 9 0 7.2 +0.7
CIL VictoryShares International Volatility Weighted Index ETF 27.0 45 -36 6.5 +0.0
FNDF Schwab Fundamental International Large Co. Index ETF 26.8 25 -16 8.0 +1.6
IEFA iShares Core MSCI EAFE ETF 26.7 7 2 6.7 +0.3
PDEV Principal International Multi-Factor Core Index ETF 26.6 25 -16 7.3 +0.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 26.6 25 -16 6.3 -0.2
DBGR Xtrackers MSCI Germany Hedged Equity ETF 26.5 45 -36 6.9 +0.4
DMXF iShares ESG Advanced MSCI EAFE ETF 26.5 12 -3 6.4 -0.0
IMTM iShares Edge MSCI Intl Momentum Factor ETF 26.4 30 -21 4.3 -2.2
EWG iShares MSCI Germany ETF 26.3 49 -40 6.9 +0.4
SCHF Schwab International Equity ETF 25.8 6 3 6.8 +0.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 25.1 45 -36 6.5 +0.0
QEFA SPDR MSCI EAFE Quality Mix ETF 25.1 30 -21 6.3 -0.1
IDY Pacific Global International Equity Income ETF 24.6 39 -30 8.7 +2.2
RESD WisdomTree International ESG Fund 24.5 30 -21 6.4 -0.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 24.5 30 -21 5.6 -0.8
ISDX Invesco Strategic Developed ex-US ETF 24.3 23 -14 6.6 +0.1
QDEU SPDR MSCI Germany Quality Mix ETF 24.3 14 -5 7.4 +1.0
DWM WisdomTree International Equity Fund 24.3 48 -39 8.1 +1.6
IVLU iShares Edge MSCI Intl Value Factor ETF 24.2 30 -21 10.5 +4.1
IDEV iShares Core MSCI International Developed Markets ETF 24.2 5 4 6.7 +0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 23.9 35 -26 8.3 +1.8
DAX Global X DAX Germany ETF 22.4 21 -12 7.4 +1.0
VEA Vanguard FTSE Developed Markets ETF 22.4 5 4 6.9 +0.4
IGRO iShares International Dividend Growth ETF 22.4 22 -13 7.7 +1.2
ISZE iShares Edge MSCI Intl Size Factor ETF 22.3 30 -21 6.6 +0.1
SPDW SPDR Portfolio Developed World ex-US ETF 22.2 4 5 6.5 +0.1
TPIF Timothy Plan International ETF 22.0 62 -53 6.1 -0.3
DTH WisdomTree DEFA Equity Income Fund 21.9 58 -49 9.5 +3.0
RNDM Developed International Equity Select ETF 21.6 65 -56 5.8 -0.7
IDMO Invesco S&P International Developed Momentum ETF 21.1 26 -17 3.9 -2.6
RFEU First Trust Riverfront Dynamic Europe ETF 20.9 83 -74 5.6 -0.8
NUDM Nuveen ESG International Developed Markets Equity ETF 20.5 40 -31 6.2 -0.3
FIVA Fidelity International Value Factor ETF 20.1 39 -30 9.1 +2.6
DXGE WisdomTree Germany Hedged Equity Fund 20.1 48 -39 8.0 +1.5
RBIN Nationwide Risk-Based International Equity ETF 20.0 42 -33 6.1 -0.4
VYMI Vanguard International High Dividend Yield ETF 19.7 27 -18 9.4 +3.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 19.7 29 -20 7.3 +0.9
AVDE Avantis International Equity ETF 19.5 23 -14 7.1 +0.6
ACWX iShares MSCI ACWI ex U.S. ETF 19.4 32 -23 6.7 +0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 19.4 40 -31 6.6 +0.1
VIGI Vanguard International Dividend Appreciation ETF 19.3 20 -11 5.2 -1.3
CWI SPDR MSCI ACWI ex-US ETF 19.3 30 -21 6.7 +0.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 19.2 16 -7 6.4 -0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 19.2 39 -30 6.1 -0.4
VEU Vanguard FTSE All-World ex-US Index Fund 18.2 8 1 7.0 +0.6
FEP First Trust Europe AlphaDEX Fund 17.9 80 -71 7.7 +1.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 17.8 35 -26 8.2 +1.7
VSGX Vanguard ESG International Stock ETF 17.5 17 -8 6.7 +0.2
IXUS ishares Core MSCI Total International Stock ETF 17.3 9 0 6.9 +0.4
QINT American Century Quality Diversified International ETF 17.0 39 -30 6.0 -0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 16.7 39 -30 7.4 +0.9
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 15.9 20 -11 10.5 +4.0
VGFO Virtus WMC Global Factor Opportunities ETF 15.8 49 -40 7.6 +1.1
DWCR Arrow DWA Country Rotation ETF 15.8 95 -86 5.5 -1.0
IDHQ Invesco S&P International Developed Quality ETF 15.8 29 -20 4.8 -1.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 15.5 47 -38 8.5 +2.0
FDEV Fidelity Targeted International Factor ETF 15.2 39 -30 6.2 -0.2
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 15.0 80 -71 6.3 -0.2
IDLB Invesco FTSE International Low Beta Equal Weight ETF 14.6 45 -36 6.2 -0.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 14.5 20 -11 8.9 +2.5
VXUS Vanguard Total International Stock Index Fund 14.5 8 1 7.0 +0.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 14.2 58 -49 6.0 -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:
Xtrackers Eurozone Equity ETF
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 10.0 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.