Xtrackers Eurozone Equity ETF
ALTAR
Score™
7.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
21.5x P/Sales
ratio
1.1x
P/BV
ratio
1.4x 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) $4
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 289
Wgt avg mkt cap (mns) $54,251
Large cap (>$10bn) 85.8%
Mid cap ($2-10bn) 13.7%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SAP AG 3.3 %
ASML HOLDING NV 3.0 %
LVMH MOET HENNESSY LOUIS VUI 2.9 %
SANOFI-AVENTIS 2.7 %
TOTAL SA 2.3 %
SIEMENS AG-REG 2.1 %
UNILEVER NV 1.9 %
ALLIANZ SE-REG 1.8 %
L'OREAL 1.8 %
BAYER AG 1.6 %
Total 23.3 %

TOP COUNTRY EXPOSURE
FRANCE 31.5 %
GERMANY 27.8 %
NETHERLANDS 13.4 %
SPAIN 7.6 %
ITALY 5.9 %
FINLAND 3.8 %
BELGIUM 3.4 %
IRELAND 1.9 %
AUSTRIA 0.7 %
LUXEMBOURG 0.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.8% -5.1% -- -- -5.9%

Market Correlations
versus... Beta R-squared
S&P500 1.00 78%
MSCI EAFE 1.20 95%
MSCI Emg. Mkts. 0.91 80%

Technical Indicators
Recent close $21.01
30d moving avg. $18.24
Annualized volatility 20.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.5%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $19,220

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™: 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 Eurozone ETF 89.4 49 -40 6.7 -0.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 85.6 45 -36 6.7 -0.3
FEZ SPDR EURO STOXX 50 ETF 56.0 29 -20 7.1 +0.1
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 46.7 30 -21 6.8 -0.2
FLEE Franklin FTSE Europe ETF 46.3 9 0 7.0 -0.1
IEV iShares Europe ETF 46.3 59 -50 6.8 -0.3
FLEH Franklin FTSE Europe Hedged ETF 45.8 9 0 7.1 +0.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 45.8 45 -36 6.7 -0.3
BBEU JPMorgan BetaBuilders Europe ETF 44.4 9 0 7.2 +0.2
IEUR iShares Core MSCI Europe ETF 42.5 9 0 7.3 +0.2
FEU SPDR Portfolio Europe ETF 41.7 9 0 7.3 +0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 41.6 25 -16 6.7 -0.4
VGK Vanguard FTSE Europe ETF 40.8 8 1 7.3 +0.3
HEDJ WisdomTree Europe Hedged Equity Fund 40.6 58 -49 7.0 -0.1
SCID Global X Scientific Beta Europe ETF 33.9 38 -29 6.9 -0.2
JPEU JPMorgan Diversified Return Europe Equity ETF 33.8 37 -28 6.8 -0.3
FLFR Franklin FTSE France ETF 33.1 9 0 6.8 -0.2
EWQ iShares MSCI France ETF 33.0 50 -41 6.4 -0.6
OEUR O'shares FTSE Europe Quality Dividend ETF 31.1 48 -39 6.6 -0.5
EFV iShares MSCI EAFE Value ETF 30.5 39 -30 10.0 +2.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 30.4 14 -5 7.0 -0.1
IQSI IQ Candriam ESG International Equity ETF 30.0 15 -6 7.3 +0.2
IQIN IQ 500 International ETF 29.7 25 -16 8.9 +1.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 29.3 45 -36 8.8 +1.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 29.1 20 -11 7.2 +0.2
FEUZ First Trust Eurozone AlphaDEX ETF 28.9 80 -71 7.8 +0.7
EFA iShares MSCI EAFE ETF 28.9 32 -23 7.1 +0.1
JHMD John Hancock Multifactor Developed International ETF 28.6 45 -36 7.4 +0.3
DOL WisdomTree International LargeCap Dividend Fund 28.6 48 -39 8.5 +1.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 28.5 35 -26 7.0 -0.0
FLGR Franklin FTSE Germany ETF 27.7 9 0 7.3 +0.2
EFG iShares MSCI EAFE Growth ETF 27.7 40 -31 4.7 -2.3
ESGD iShares MSCI EAFE ESG Optimized ETF 27.6 20 -11 7.2 +0.1
EUMV iShares Edge MSCI Min Vol Europe ETF 27.6 25 -16 5.5 -1.6
HFXI IQ 50 Percent Hedged FTSE International ETF 27.3 20 -11 7.5 +0.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 27.0 7 2 7.6 +0.5
DBGR Xtrackers MSCI Germany Hedged Equity ETF 26.6 45 -36 7.3 +0.2
EWG iShares MSCI Germany ETF 26.6 49 -40 7.1 +0.1
FNDF Schwab Fundamental International Large Co. Index ETF 26.2 25 -16 8.6 +1.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 26.1 25 -16 6.8 -0.2
DTH WisdomTree DEFA Equity Income Fund 26.0 58 -49 9.5 +2.5
IGRO iShares International Dividend Growth ETF 25.7 22 -13 7.9 +0.9
IEFA iShares Core MSCI EAFE ETF 25.6 7 2 7.3 +0.2
QDEU SPDR MSCI Germany Quality Mix ETF 25.1 14 -5 7.6 +0.6
DWM WisdomTree International Equity Fund 25.1 48 -39 8.2 +1.1
RFEU First Trust Riverfront Dynamic Europe ETF 25.0 83 -74 4.9 -2.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 25.0 35 -26 8.5 +1.5
SCHF Schwab International Equity ETF 24.8 6 3 7.4 +0.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 24.4 58 -49 6.1 -1.0
IMTM iShares Edge MSCI Intl Momentum Factor ETF 24.2 30 -21 5.0 -2.1
PDEV Principal International Multi-Factor Core Index ETF 24.1 25 -16 7.8 +0.8
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 23.6 48 -39 0.0 -7.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 23.3 30 -21 6.2 -0.9
IDEV iShares Core MSCI International Developed Markets ETF 23.2 5 4 7.2 +0.2
IDY Pacific Global International Equity Income ETF 23.1 39 -30 8.0 +0.9
VYMI Vanguard International High Dividend Yield ETF 23.0 32 -23 10.1 +3.0
QEFA SPDR MSCI EAFE Quality Mix ETF 23.0 30 -21 6.8 -0.3
IVLU iShares Edge MSCI Intl Value Factor ETF 22.9 30 -21 11.2 +4.2
DAX Global X DAX Germany ETF 22.6 20 -11 7.8 +0.7
CIL VictoryShares International Volatility Weighted Index ETF 22.4 45 -36 6.7 -0.4
ISDX Invesco Strategic Developed ex-US ETF 22.1 23 -14 7.4 +0.4
SPDW SPDR Portfolio Developed World ex-US ETF 21.9 4 5 7.2 +0.2
RNDM Developed International Equity Select ETF 21.8 65 -56 6.4 -0.7
VEA Vanguard FTSE Developed Markets ETF 21.6 5 4 7.4 +0.4
IDHQ Invesco S&P International Developed High Quality ETF 21.4 29 -20 5.4 -1.7
TPIF Timothy Plan International ETF 21.2 62 -53 7.0 -0.1
DXGE WisdomTree Germany Hedged Equity Fund 21.0 48 -39 8.8 +1.8
QINT American Century Quality Diversified International ETF 20.9 39 -30 5.9 -1.2
IDMO Invesco S&P International Developed Momentum ETF 20.6 25 -16 4.6 -2.4
ISZE iShares Edge MSCI Intl Size Factor ETF 20.2 30 -21 6.9 -0.1
NUDM Nuveen ESG International Developed Markets Equity ETF 20.2 40 -31 6.9 -0.2
RBIN Nationwide Risk-Based International Equity ETF 20.1 42 -33 6.4 -0.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 19.9 16 -7 7.1 +0.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 19.8 29 -20 8.0 +1.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 19.6 39 -30 6.6 -0.4
CWI SPDR MSCI ACWI ex-US ETF 19.5 30 -21 7.6 +0.5
ACWX iShares MSCI ACWI ex U.S. ETF 19.1 32 -23 7.5 +0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 18.8 40 -31 7.3 +0.3
RFDI First Trust Riverfront Dynamic Developed International ETF 18.7 83 -74 6.3 -0.7
FEP First Trust Europe AlphaDEX Fund 18.6 80 -71 7.9 +0.9
VEU Vanguard FTSE All-World ex-US Index Fund 18.2 8 1 7.7 +0.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 18.2 20 -11 10.8 +3.8
VIGI Vanguard International Dividend Appreciation ETF 18.1 25 -16 5.9 -1.1
UIVM VictoryShares USAA MSCI International Value Momentum ETF 17.9 35 -26 8.6 +1.5
FIVA Fidelity International Value Factor ETF 17.6 39 -30 10.1 +3.1
IXUS ishares Core MSCI Total International Stock ETF 17.4 9 0 7.5 +0.5
AVDE Avantis International Equity ETF 17.2 23 -14 7.9 +0.8
VXUS Vanguard Total International Stock Index Fund 16.7 8 1 7.7 +0.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 16.5 39 -30 9.1 +2.0
FDEV Fidelity Targeted International Factor ETF 16.5 39 -30 6.5 -0.6
DOO WisdomTree International Dividend ex-Financials Fund 16.0 58 -49 8.6 +1.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 16.0 20 -11 9.2 +2.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 15.8 24 -15 7.2 +0.1
IQDG WisdomTree International Quality Dividend Growth Fund 15.7 38 -29 6.4 -0.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 15.6 58 -49 6.3 -0.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 15.0 20 -11 5.9 -1.2
VSGX Vanguard ESG International Stock ETF 14.7 17 -8 7.3 +0.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 14.6 29 -20 8.6 +1.6
DDEZ WisdomTree Europe Multifactor Fund 14.0 43 -34 7.2 +0.2

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:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.0 %
Divided by: Fwd. P/BV 1.4 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
1.53 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.