WisdomTree Europe Hedged SmallCap Equity Fund
ALTAR
Score™
7.5% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
14.3x P/Sales
ratio
0.7x
P/BV
ratio
1.5x Div.
yield
4.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The WisdomTree Europe Hedged SmallCap Equity ETF tracks an index of dividend-paying, eurozone small-cap equities that hedges out euro/USD FX moves for US investors.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date Mar 04, 2015
Assets (mns) $88
Currency USD
Expense ratio 58 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Dividend
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 280
Wgt avg mkt cap (mns) $3,179
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 77.7%
Small cap (<$2bn) 22.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MEDIOLANUM SPA 2.0 %
EUTELSAT COMMUNICATIONS 1.4 %
BPOST SA 1.3 %
A2A SPA 1.2 %
FREENET AG 1.2 %
PROSIEBEN SAT.1 MEDIA AG-PFD 1.2 %
AZIMUT HOLDING SPA 1.1 %
VOESTALPINE AG 1.1 %
METRO AG 1.1 %
FAURECIA 1.1 %
Total 12.7 %

TOP COUNTRY EXPOSURE
ITALY 20.0 %
GERMANY 17.3 %
FRANCE 13.9 %
FINLAND 9.3 %
SPAIN 7.6 %
NETHERLANDS 7.5 %
AUSTRIA 5.6 %
BELGIUM 5.0 %
PORTUGAL 3.3 %
IRELAND 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.
21.9% 14.4% -- -- 7.3%

Market Correlations
versus... Beta R-squared
S&P500 0.78 56%
MSCI EAFE 1.03 83%
MSCI Emg. Mkts. 0.64 53%

Technical Indicators
Recent close $32.14
30d moving avg. $31.55
Annualized volatility 12.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 76

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.3%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $1,473

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the WisdomTree Europe Hedged SmallCap Equity Fund ETF based on the alternatives' overlap in portfolio holdings with EUSC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EUSC Expense: 58 bp ALTAR Score™: 7.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EUSC
Ticker Fund
Name
Overlap1
vs EUSC
(%)
Expense
ratio
(bp)
Savings
vs EUSC
(bp)
ALTAR
Score™
(%)
ALTAR
vs EUSC
(%)
SMEZ SPDR Euro Stoxx Small Cap 26.2 46 12 5.4 -2.1
DFE WisdomTree Europe Small Cap Dividend 25.9 58 0 9.2 +1.7
IEUS iShares MSCI Europe Small Cap 23.6 40 18 6.2 -1.3
DLS WisdomTree Int'l SmallCap Dividend 20.2 58 0 8.4 +0.9
DDLS WisdomTree Dynamic Currency Hedged Int'l SmallCap 19.8 43 15 8.6 +1.1
FEUZ First Trust Eurozone AlphaDex 19.2 80 -22 7.1 -0.4
DDEZ WisdomTree Dynamic Currency Hedged Europe Equity 15.9 43 15 6.8 -0.7
SCZ iShares MSCI EAFE Small Cap 13.5 39 19 6.2 -1.3
FEP First Trust Europe AlphaDEX 13.2 80 -22 7.3 -0.2
EWGS iShares MSCI Germany Small Cap 12.7 59 -1 6.1 -1.4
SCHC Schwab Intl Small-Cap Equity 11.4 12 46 6.6 -0.9
PDN Invesco FTSE RAFI Developed Mkts ex-US Small-Mid Cap 10.8 49 9 6.7 -0.8
AVDV Avantis International Small Cap Value 10.7 36 22 7.2 -0.3
SCID Global X Scientific Beta Europe 10.4 38 20 6.5 -1.0
FNDC Schwab Fundamental Intl Small Cap 9.8 39 19 4.7 -2.9
ISDS Invesco Strategic Developed ex-US Small Company 9.5 35 23 5.2 -2.3
ISCF iShares FactorSelect MSCI Intl Small-Cap 8.9 40 18 7.0 -0.5
EFNL iShares MSCI Finland Capped 8.9 53 5 6.6 -0.9
IDV iShares DJ Int'l Select Dividend 8.7 49 9 8.6 +1.1
VSS Vanguard FTSE All World ex-US Small Cap 8.4 12 46 6.7 -0.8

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:
WisdomTree Europe Hedged SmallCap Equity Fund
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 11.5 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 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.