Xtrackers Eurozone Equity
ALTAR
Score™
7.0% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
15.2x P/Sales
ratio
1.1x
P/BV
ratio
1.6x Div.
yield
3.3%


  • 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) $6
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 298
Wgt avg mkt cap (mns) $60,142
Large cap (>$10bn) 87.0%
Mid cap ($2-10bn) 12.2%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SAP AG 3.0 %
TOTAL SA 2.8 %
LVMH MOET HENNESSY LOUIS VUI 2.6 %
ASML HOLDING NV 2.1 %
SANOFI-AVENTIS 2.1 %
ALLIANZ SE-REG 2.1 %
SIEMENS AG-REG 2.0 %
EADS NV 2.0 %
UNILEVER NV 1.8 %
ANHEUSER-BUSCH INBEV SA/NV 1.5 %
Total 22.1 %

TOP COUNTRY EXPOSURE
FRANCE 32.2 %
GERMANY 27.2 %
NETHERLANDS 13.5 %
SPAIN 8.6 %
ITALY 6.9 %
BELGIUM 3.6 %
FINLAND 3.2 %
IRELAND 1.7 %
LUXEMBOURG 0.7 %
AUSTRIA 0.7 %

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.
18.1% 13.2% -- -- -0.9%

Market Correlations
versus... Beta R-squared
S&P500 0.95 69%
MSCI EAFE 1.27 94%
MSCI Emg. Mkts. 0.94 79%

Technical Indicators
Recent close $22.99
30d moving avg. $22.47
Annualized volatility 16.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 77

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $13,893

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Xtrackers Eurozone Equity 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™: 7.0%


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 Euro Monetary Union 90.7 47 -38 6.8 -0.3
DBEZ Xtrackers MSCI EMU Hedged 84.7 45 -36 6.4 -0.6
FEZ SPDR DJ Euro Stoxx 50 57.7 29 -20 6.9 -0.1
IEV iShares S&P Europe 350 48.3 59 -50 6.4 -0.6
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE 48.0 30 -21 6.7 -0.4
FLEE Franklin FTSE Europe 48.0 9 0 6.9 -0.2
DBEU Xtrackers Europe Hedged 47.6 45 -36 6.4 -0.6
FLEH Franklin FTSE Europe Hedged 47.4 9 0 6.9 -0.2
HEDJ Wisdomtree International Hedged Equity 46.4 58 -49 7.7 +0.6
BBEU JPMorgan BetaBuilders Europe 46.3 9 0 6.9 -0.2
IEUR iShares Core MSCI Europe 44.1 9 0 6.9 -0.2
FEU SPDR DJ Stoxx 50 43.5 9 0 6.8 -0.2
VGK Vanguard FTSE Europe 43.3 9 0 6.9 -0.1
GSEU Goldman Sachs ActiveBeta Europe Equity 42.6 25 -16 6.4 -0.6
EWQ iShares MSCI France 34.9 47 -38 6.3 -0.7
JPEU JPMorgan Diversified Return Europe Equity 34.9 37 -28 6.6 -0.4
FLFR Franklin FTSE France 34.7 9 0 6.7 -0.4
SCID Global X Scientific Beta Europe 34.5 38 -29 6.4 -0.6
DOL WisdomTree Int'l Large Cap Dividend 33.7 48 -39 7.7 +0.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity 32.2 14 -5 6.7 -0.3

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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
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 10.6 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.63
 
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.