Xtrackers Eurozone Equity ETF
ALTAR
Score™
6.4% info Recommen-
dation
NEUTRAL
2021E    2022E
P/E
ratio
17.5x P/Sales
ratio
1.2x
P/BV
ratio
1.5x Div.
yield
2.9%


  • 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 269
Wgt avg mkt cap (mns) $71,504
Large cap (>$10bn) 90.8%
Mid cap ($2-10bn) 8.0%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ASML HOLDING NV 3.8 %
LVMH MOET HENNESSY LOUIS VUI 3.4 %
SAP AG 2.6 %
SIEMENS AG-REG 2.3 %
TOTAL SA 2.1 %
SANOFI-AVENTIS 2.0 %
ALLIANZ SE-REG 1.9 %
L'OREAL 1.8 %
SCHNEIDER ELECTRIC SA 1.6 %
AIR LIQUIDE SA 1.4 %
Total 23.0 %

TOP COUNTRY EXPOSURE
FRANCE 32.0 %
GERMANY 27.9 %
NETHERLANDS 13.3 %
SPAIN 8.0 %
ITALY 6.3 %
FINLAND 3.8 %
BELGIUM 3.2 %
IRELAND 1.9 %
LUXEMBOURG 0.9 %
AUSTRIA 0.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
1.7% 21.9% -- -- 3.4%

Market Correlations
versus... Beta R-squared
S&P500 1.09 76%
MSCI EAFE 1.23 96%
MSCI Emg. Mkts. 0.94 70%

Technical Indicators
Recent close $24.74
30d moving avg. $24.83
Annualized volatility 23.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $16,992

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 6.4%


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 91.2 51 -42 5.9 -0.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 85.4 45 -36 6.0 -0.4
DFAI Dimensional International Core Equity Market ETF 82.5 18 -9 6.3 -0.0
FEZ SPDR EURO STOXX 50 ETF 56.5 29 -20 6.1 -0.3
IEV iShares Europe ETF 48.1 59 -50 6.1 -0.2
BBEU JPMorgan BetaBuilders Europe ETF 47.7 9 0 6.7 +0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 47.7 45 -36 6.1 -0.3
FLEE Franklin FTSE Europe ETF 47.7 9 0 6.5 +0.1
FLEH Franklin FTSE Europe Hedged ETF 47.5 9 0 6.5 +0.1
VGK Vanguard FTSE Europe ETF 43.3 8 1 6.6 +0.2
IEUR iShares Core MSCI Europe ETF 43.1 9 0 6.5 +0.1
SPEU SPDR Portfolio Europe ETF 42.4 9 0 6.6 +0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 41.2 25 -16 6.1 -0.3
HEDJ WisdomTree Europe Hedged Equity Fund 37.8 58 -49 5.9 -0.4
EWQ iShares MSCI France ETF 34.4 51 -42 5.5 -0.9
FLFR Franklin FTSE France ETF 34.1 9 0 5.9 -0.5
EFV iShares MSCI EAFE Value ETF 33.0 39 -30 8.2 +1.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 32.8 58 -49 6.6 +0.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 31.1 14 -5 6.0 -0.4
IQSI IQ Candriam ESG International Equity ETF 30.8 15 -6 6.3 -0.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 30.8 20 -11 6.3 -0.1
IQIN IQ 500 International ETF 30.5 25 -16 7.4 +1.0
EFA iShares MSCI EAFE ETF 30.3 32 -23 6.2 -0.1
ESGD iShares MSCI EAFE ESG Optimized ETF 29.6 20 -11 6.2 -0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 29.5 35 -26 6.1 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 29.4 45 -36 7.5 +1.1
FEUZ First Trust Eurozone AlphaDEX ETF 29.1 80 -71 6.8 +0.5
JHMD John Hancock Multifactor Developed International ETF 28.5 39 -30 6.4 +0.1
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 28.4 35 -26 6.0 -0.3
DMXF iShares ESG Advanced MSCI EAFE ETF 28.0 12 -3 5.9 -0.4
FLGR Franklin FTSE Germany ETF 27.9 9 0 7.0 +0.6
GSID Goldman Sachs MarketBeta International Equity ETF 27.8 20 -11 6.3 -0.1
DBGR Xtrackers MSCI Germany Hedged Equity ETF 27.6 45 -36 6.5 +0.2
HFXI IQ 50 Percent Hedged FTSE International ETF 27.5 20 -11 6.5 +0.1
EFG iShares MSCI EAFE Growth ETF 27.5 40 -31 4.0 -2.4
EWG iShares MSCI Germany ETF 27.4 51 -42 6.5 +0.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 27.3 7 2 6.5 +0.2
IMTM iShares Edge MSCI Intl Momentum Factor ETF 27.2 30 -21 3.9 -2.5
DOL WisdomTree International LargeCap Dividend Fund 26.6 48 -39 7.2 +0.8
BKIE BNY Mellon International Equity ETF 26.6 4 5 6.6 +0.2
PDEV Principal International Multi-Factor Core Index ETF 26.5 25 -16 6.9 +0.6
IVLU iShares Edge MSCI Intl Value Factor ETF 26.4 30 -21 9.8 +3.4
IEFA iShares Core MSCI EAFE ETF 26.3 7 2 6.4 +0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 26.1 25 -16 6.1 -0.2
FNDF Schwab Fundamental International Large Co. Index ETF 26.0 25 -16 7.6 +1.3
OEUR O'shares FTSE Europe Quality Dividend ETF 25.9 48 -39 5.2 -1.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 25.9 30 -21 5.4 -0.9
SCHF Schwab International Equity ETF 25.2 6 3 6.5 +0.2
CIL VictoryShares International Volatility Weighted Index ETF 25.1 45 -36 6.3 -0.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 25.0 45 -36 6.4 -0.0
ZDEU SPDR Solactive Germany ETF 24.9 14 -5 7.1 +0.8
RESD WisdomTree International ESG Fund 24.1 30 -21 6.5 +0.1
QEFA SPDR MSCI EAFE Quality Mix ETF 24.0 30 -21 6.1 -0.3
IDEV iShares Core MSCI International Developed Markets ETF 23.7 5 4 6.4 +0.0
DWM WisdomTree International Equity Fund 23.4 48 -39 7.2 +0.8
DAX Global X DAX Germany ETF 23.1 21 -12 7.0 +0.6
ISDX Invesco RAFI Strategic Developed ex-US ETF 22.9 23 -14 6.3 -0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 22.8 40 -31 7.3 +0.9
NUDM Nuveen ESG International Developed Markets Equity ETF 22.7 40 -31 5.8 -0.6
VEA Vanguard FTSE Developed Markets ETF 22.1 5 4 6.5 +0.1
TPIF Timothy Plan International ETF 22.0 62 -53 6.0 -0.4
RNDM First Trust Developed International Equity Select ETF 21.8 65 -56 5.7 -0.7
SPDW SPDR Portfolio Developed World ex-US ETF 21.6 4 5 6.2 -0.2
DTH WisdomTree International High Dividend Fund 21.5 58 -49 8.5 +2.2
ISZE iShares Edge MSCI Intl Size Factor ETF 21.5 30 -21 6.1 -0.2
IDMO Invesco S&P International Developed Momentum ETF 20.7 26 -17 3.7 -2.7
VYMI Vanguard International High Dividend Yield ETF 20.7 27 -18 9.0 +2.7
DXGE WisdomTree Germany Hedged Equity Fund 20.6 48 -39 8.0 +1.6
RBIN Nationwide Risk-Based International Equity ETF 20.6 42 -33 5.9 -0.5
RFEU First Trust Riverfront Dynamic Europe ETF 20.0 83 -74 5.3 -1.1
VIGI Vanguard International Dividend Appreciation ETF 19.5 20 -11 4.9 -1.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 19.2 29 -20 7.1 +0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 19.1 39 -30 5.6 -0.8
UIVM VictoryShares USAA MSCI International Value Momentum ETF 18.8 35 -26 7.8 +1.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 18.8 20 -11 8.6 +2.2
ACWX iShares MSCI ACWI ex U.S. ETF 18.8 32 -23 6.3 -0.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 18.7 16 -7 5.9 -0.4
CWI SPDR MSCI ACWI ex-US ETF 18.7 30 -21 6.2 -0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 18.5 40 -31 6.1 -0.2
FEP First Trust Europe AlphaDEX Fund 18.4 80 -71 7.1 +0.8
VEU Vanguard FTSE All-World ex-US Index Fund 18.3 8 1 6.6 +0.3
AVDE Avantis International Equity ETF 18.2 23 -14 6.8 +0.4
VSGX Vanguard ESG International Stock ETF 18.2 17 -8 6.3 -0.0
FIVA Fidelity International Value Factor ETF 17.4 39 -30 8.6 +2.2
QINT American Century Quality Diversified International ETF 17.1 39 -30 6.5 +0.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 16.9 20 -11 9.5 +3.2
IXUS ishares Core MSCI Total International Stock ETF 16.5 9 0 6.4 +0.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 16.4 47 -38 8.6 +2.2
DWCR Arrow DWA Country Rotation ETF 16.3 116 -107 3.8 -2.6
IGRO iShares International Dividend Growth ETF 16.3 15 -6 7.1 +0.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 16.0 39 -30 6.8 +0.4
EUFN iShares MSCI Europe Financials ETF 15.2 48 -39 10.0 +3.7
IDOG ALPS International Sector Dividend Dogs ETF 14.9 50 -41 8.2 +1.9
VWID Virtus WMC International Dividend ETF 14.5 49 -40 7.5 +1.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 14.3 45 -36 6.1 -0.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 14.0 32 -23 6.0 -0.4
FDEV Fidelity Targeted International Factor ETF 13.9 39 -30 5.9 -0.4

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 9.7 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.