Xtrackers Eurozone Equity ETF
ALTAR
Score™
6.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.4x P/Sales
ratio
1.2x
P/BV
ratio
1.5x Div.
yield
2.8%


  • 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 288
Wgt avg mkt cap (mns) $62,418
Large cap (>$10bn) 87.7%
Mid cap ($2-10bn) 11.9%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SAP AG 3.8 %
ASML HOLDING NV 3.0 %
LVMH MOET HENNESSY LOUIS VUI 2.7 %
SANOFI-AVENTIS 2.5 %
SIEMENS AG-REG 2.4 %
TOTAL SA 2.0 %
UNILEVER NV 2.0 %
ALLIANZ SE-REG 1.9 %
L'OREAL 1.9 %
AIR LIQUIDE SA 1.8 %
Total 23.9 %

TOP COUNTRY EXPOSURE
FRANCE 30.9 %
GERMANY 28.6 %
NETHERLANDS 14.1 %
SPAIN 7.2 %
ITALY 6.4 %
FINLAND 3.7 %
BELGIUM 3.5 %
IRELAND 1.9 %
LUXEMBOURG 0.7 %
AUSTRIA 0.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.3% -0.7% -- -- -2.6%

Market Correlations
versus... Beta R-squared
S&P500 0.99 76%
MSCI EAFE 1.21 95%
MSCI Emg. Mkts. 0.86 79%

Technical Indicators
Recent close $21.96
30d moving avg. $21.30
Annualized volatility 20.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $18,648

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 6.9%


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 90.9 49 -40 6.5 -0.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 84.5 45 -36 6.6 -0.3
FEZ SPDR EURO STOXX 50 ETF 57.0 29 -20 7.0 +0.1
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 48.6 30 -21 6.9 -0.1
FLEE Franklin FTSE Europe ETF 47.7 9 0 6.9 -0.0
IEV iShares Europe ETF 47.6 59 -50 6.7 -0.2
FLEH Franklin FTSE Europe Hedged ETF 47.2 9 0 7.0 +0.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 46.8 45 -36 6.5 -0.4
BBEU JPMorgan BetaBuilders Europe ETF 45.1 9 0 7.2 +0.3
IEUR iShares Core MSCI Europe ETF 43.7 9 0 7.1 +0.2
FEU SPDR Portfolio Europe ETF 42.5 9 0 7.2 +0.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 42.0 25 -16 6.4 -0.5
HEDJ WisdomTree Europe Hedged Equity Fund 41.4 58 -49 6.8 -0.2
VGK Vanguard FTSE Europe ETF 41.2 8 1 7.3 +0.4
EFV iShares MSCI EAFE Value ETF 33.4 39 -30 9.4 +2.5
EWQ iShares MSCI France ETF 32.8 50 -41 6.2 -0.7
FLFR Franklin FTSE France ETF 32.8 9 0 6.7 -0.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 31.5 14 -5 6.9 -0.0
OEUR O'shares FTSE Europe Quality Dividend ETF 31.3 48 -39 6.6 -0.3
IQSI IQ Candriam ESG International Equity ETF 31.2 15 -6 7.2 +0.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 30.7 20 -11 7.0 +0.0
EFA iShares MSCI EAFE ETF 30.6 32 -23 6.9 +0.0
IQIN IQ 500 International ETF 30.6 25 -16 8.6 +1.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 30.4 45 -36 8.7 +1.7
DOL WisdomTree International LargeCap Dividend Fund 29.9 48 -39 8.5 +1.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 29.6 35 -26 6.7 -0.2
ESGD iShares MSCI EAFE ESG Optimized ETF 29.5 20 -11 6.8 -0.1
JHMD John Hancock Multifactor Developed International ETF 29.4 39 -30 7.3 +0.4
FEUZ First Trust Eurozone AlphaDEX ETF 29.2 80 -71 7.3 +0.4
FLGR Franklin FTSE Germany ETF 28.5 9 0 7.1 +0.2
HFXI IQ 50 Percent Hedged FTSE International ETF 28.4 20 -11 7.3 +0.4
SCID Global X Scientific Beta Europe ETF 28.3 39 -30 6.3 -0.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 28.2 7 2 7.4 +0.5
DBGR Xtrackers MSCI Germany Hedged Equity ETF 28.0 45 -36 6.8 -0.1
EWG iShares MSCI Germany ETF 28.0 49 -40 6.7 -0.2
EFG iShares MSCI EAFE Growth ETF 27.9 40 -31 4.5 -2.5
GSID Goldman Sachs MarketBeta International Equity ETF 27.6 20 -11 7.2 +0.3
FNDF Schwab Fundamental International Large Co. Index ETF 27.5 25 -16 8.6 +1.7
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 27.3 35 -26 6.8 -0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 27.2 25 -16 6.5 -0.4
IEFA iShares Core MSCI EAFE ETF 26.9 7 2 7.2 +0.3
EUMV iShares Edge MSCI Min Vol Europe ETF 26.7 25 -16 5.0 -2.0
DTH WisdomTree DEFA Equity Income Fund 26.3 58 -49 9.6 +2.7
BKIE BNY Mellon International Equity ETF 26.3 4 5 7.2 +0.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 26.2 35 -26 8.4 +1.4
DWM WisdomTree International Equity Fund 26.2 48 -39 8.2 +1.3
SCHF Schwab International Equity ETF 25.9 6 3 7.2 +0.3
QDEU SPDR MSCI Germany Quality Mix ETF 25.9 14 -5 7.3 +0.4
IMTM iShares Edge MSCI Intl Momentum Factor ETF 25.6 30 -21 4.3 -2.6
PDEV Principal International Multi-Factor Core Index ETF 25.2 25 -16 7.7 +0.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 25.1 58 -49 6.0 -0.9
IDY Pacific Global International Equity Income ETF 24.7 39 -30 7.9 +1.0
QEFA SPDR MSCI EAFE Quality Mix ETF 24.7 30 -21 6.8 -0.2
IVLU iShares Edge MSCI Intl Value Factor ETF 24.6 30 -21 11.3 +4.4
ISDX Invesco Strategic Developed ex-US ETF 24.3 23 -14 7.2 +0.3
IDEV iShares Core MSCI International Developed Markets ETF 24.1 5 4 7.1 +0.2
IGRO iShares International Dividend Growth ETF 23.8 22 -13 7.8 +0.9
DAX Global X DAX Germany ETF 23.7 21 -12 7.4 +0.5
IQLT iShares Edge MSCI Intl Quality Factor ETF 23.5 30 -21 6.0 -1.0
CIL VictoryShares International Volatility Weighted Index ETF 22.9 45 -36 6.5 -0.4
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 22.8 45 -36 6.5 -0.4
SPDW SPDR Portfolio Developed World ex-US ETF 22.5 4 5 7.0 +0.1
ISZE iShares Edge MSCI Intl Size Factor ETF 22.3 30 -21 7.2 +0.3
VEA Vanguard FTSE Developed Markets ETF 22.2 5 4 7.3 +0.4
RNDM Developed International Equity Select ETF 22.2 65 -56 6.2 -0.7
DXGE WisdomTree Germany Hedged Equity Fund 21.9 48 -39 8.5 +1.6
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 21.4 30 -21 0.0 -6.9
IDMO Invesco S&P International Developed Momentum ETF 21.3 26 -17 4.4 -2.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 20.9 39 -30 6.4 -0.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 20.7 29 -20 7.6 +0.6
RBIN Nationwide Risk-Based International Equity ETF 20.4 42 -33 6.1 -0.8
NUDM Nuveen ESG International Developed Markets Equity ETF 20.2 40 -31 6.7 -0.2
QINT American Century Quality Diversified International ETF 19.6 39 -30 5.6 -1.3
CWI SPDR MSCI ACWI ex-US ETF 19.6 30 -21 7.1 +0.2
ACWX iShares MSCI ACWI ex U.S. ETF 19.5 32 -23 7.1 +0.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 19.4 16 -7 6.8 -0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 19.2 40 -31 6.9 -0.0
TPIF Timothy Plan International ETF 19.1 62 -53 6.2 -0.8
FEP First Trust Europe AlphaDEX Fund 18.9 80 -71 7.3 +0.4
VYMI Vanguard International High Dividend Yield ETF 18.7 32 -23 9.9 +3.0
RFEU First Trust Riverfront Dynamic Europe ETF 18.6 83 -74 5.2 -1.7
VEU Vanguard FTSE All-World ex-US Index Fund 18.6 8 1 7.4 +0.5
FIVA Fidelity International Value Factor ETF 18.4 39 -30 9.8 +2.9
UIVM VictoryShares USAA MSCI International Value Momentum ETF 18.2 35 -26 8.5 +1.6
VIGI Vanguard International Dividend Appreciation ETF 18.1 25 -16 5.5 -1.4
AVDE Avantis International Equity ETF 17.7 23 -14 7.7 +0.7
IXUS ishares Core MSCI Total International Stock ETF 17.4 9 0 7.3 +0.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 17.1 39 -30 8.2 +1.3
FDEV Fidelity Targeted International Factor ETF 16.9 39 -30 6.5 -0.4
VXUS Vanguard Total International Stock Index Fund 16.8 8 1 7.4 +0.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 16.7 20 -11 10.8 +3.9
IQDG WisdomTree International Quality Dividend Growth Fund 16.6 38 -29 6.3 -0.6
VGFO Virtus WMC Global Factor Opportunities ETF 16.5 49 -40 7.8 +0.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 16.5 58 -49 6.1 -0.8
RFDI First Trust Riverfront Dynamic Developed International ETF 16.3 83 -74 5.6 -1.4
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 16.2 24 -15 7.0 +0.1
DOO WisdomTree International Dividend ex-Financials Fund 16.1 58 -49 8.6 +1.7
IDHQ Invesco S&P International Developed Quality ETF 15.4 29 -20 5.0 -1.9
DWCR Arrow DWA Country Rotation ETF 15.1 95 -86 13.6 +6.7

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 9.9 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.