WisdomTree Europe Hedged SmallCap Equity Fund
ALTAR
Score™
8.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
18.1x P/Sales
ratio
0.7x
P/BV
ratio
1.3x Div.
yield
3.9%


  • 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) $42
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 230
Wgt avg mkt cap (mns) $2,962
Large cap (>$10bn) 0.7%
Mid cap ($2-10bn) 72.6%
Small cap (<$2bn) 26.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MEDIOLANUM SPA 2.3 %
BE SEMICONDUCTOR INDUSTRIES 1.9 %
SILTRONIC AG 1.7 %
ORION OYJ CLASS B 1.6 %
BOLSAS Y MERCADOS ESPANOLES 1.4 %
ASR NEDERLAND NV 1.4 %
VOESTALPINE AG 1.4 %
KESKO OYJ-B SHS 1.4 %
A2A SPA 1.4 %
GEA GROUP AG 1.3 %
Total 15.7 %

TOP COUNTRY EXPOSURE
ITALY 18.8 %
GERMANY 16.7 %
FINLAND 12.8 %
FRANCE 10.2 %
SPAIN 9.5 %
NETHERLANDS 7.9 %
AUSTRIA 6.1 %
BELGIUM 5.4 %
PORTUGAL 3.0 %
IRELAND 0.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-17.2% -8.9% 4.2% -- 3.6%

Market Correlations
versus... Beta R-squared
S&P500 1.04 81%
MSCI EAFE 1.17 89%
MSCI Emg. Mkts. 0.85 74%

Technical Indicators
Recent close $26.98
30d moving avg. $27.03
Annualized volatility 19.7%
Short interest (ETF) 0.1%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.6%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $2,765

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 8.1%


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
(%)
DFE WisdomTree Europe SmallCap Dividend Fund 27.5 58 0 8.7 +0.6
SMEZ SPDR EURO STOXX Small Cap ETF 20.5 45 13 6.4 -1.7
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 20.5 43 15 8.9 +0.8
DLS WisdomTree International SmallCap Dividend Fund 20.3 58 0 8.7 +0.7
IEUS iShares MSCI Europe Small-Cap ETF 18.6 40 18 8.1 +0.0
FEUZ First Trust Eurozone AlphaDEX ETF 17.9 80 -22 7.8 -0.3
EWGS iShares MSCI Germany Small Cap ETF 13.7 59 -1 5.2 -2.9
EFNL iShares MSCI Finland Capped ETF 12.2 53 5 6.2 -1.8
FEP First Trust Europe AlphaDEX Fund 10.5 80 -22 7.8 -0.2
SCZ iShares MSCI Eafe Small-Cap ETF 10.0 40 18 7.4 -0.7
DDEZ WisdomTree Europe Multifactor Fund 9.7 43 15 7.1 -1.0
SCHC Schwab International Small-Cap Equity ETF 8.8 11 47 6.9 -1.1
SCID Global X Scientific Beta Europe ETF 8.7 39 19 6.5 -1.5
AVDV Avantis International Small Cap Value ETF 8.5 36 22 7.8 -0.3
ISDS Invesco Strategic Developed ex-US Small Company ETF 8.2 35 23 6.9 -1.2
DIM WisdomTree International MidCap Dividend Fund 7.9 58 0 7.8 -0.2
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 7.6 40 18 8.9 +0.8
DXGE WisdomTree Germany Hedged Equity Fund 7.5 48 10 8.8 +0.7
FNDC Schwab Fundamental International Small Co. Index ETF 7.4 39 19 7.5 -0.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 7.3 49 9 6.8 -1.3
EWO iShares MSCI Austria ETF 7.0 50 8 11.1 +3.0
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 6.3 11 47 6.9 -1.1
FLIY Franklin FTSE Italy ETF 6.0 9 49 7.6 -0.4
HEDJ WisdomTree Europe Hedged Equity Fund 5.7 58 0 6.9 -1.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 5.6 45 13 6.8 -1.3
JPEU JPMorgan Diversified Return Europe Equity ETF 5.4 37 21 7.0 -1.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 5.0 59 -1 11.3 +3.2
DWCR Arrow DWA Country Rotation ETF 4.9 95 -37 17.3 +9.2
EWK iShares MSCI Belgium Capped ETF 4.7 49 9 6.7 -1.4
EWN iShares MSCI Netherlands ETF 4.7 50 8 5.3 -2.8
IMOM Alpha Architect International Quantitative Momentum ETF 4.6 59 -1 3.4 -4.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 4.6 58 0 6.1 -1.9
FGM First Trust Germany AlphaDEX Fund 4.4 80 -22 6.8 -1.2
GWX SPDR S&P International Small Cap ETF 4.3 40 18 6.8 -1.3
FDT First Trust Developed Markets ex-US Alphadex Fund 4.2 80 -22 7.7 -0.4
IDV iShares International Select Dividend ETF 4.0 49 9 10.1 +2.1
QINT American Century Quality Diversified International ETF 3.9 39 19 5.9 -2.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 3.7 39 19 8.5 +0.4
RNDM Developed International Equity Select ETF 3.5 65 -7 6.5 -1.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 3.4 24 34 7.3 -0.8
IFEU iShares Europe Development Real Estate ETF 3.3 48 10 6.5 -1.6
AVDE Avantis International Equity ETF 3.3 23 35 8.0 -0.1
CGW Invesco S&P Global Water Index ETF 3.2 59 -1 4.3 -3.7
FLGR Franklin FTSE Germany ETF 3.1 9 49 7.4 -0.7
EURZ Xtrackers Eurozone Equity ETF 3.1 9 49 7.1 -0.9
IEUR iShares Core MSCI Europe ETF 3.1 9 49 7.3 -0.8
PGAL Global X FTSE Portugal 20 ETF 3.0 58 0 6.4 -1.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 3.0 70 -12 2.4 -5.6
PIO Invesco Global Water ETF 3.0 75 -17 4.0 -4.1
VGK Vanguard FTSE Europe ETF 3.0 8 50 7.5 -0.6
DMDV AAM S&P Developed Markets High Dividend Value ETF 3.0 39 19 11.1 +3.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 2.8 29 29 8.8 +0.7
IQDG WisdomTree International Quality Dividend Growth Fund 2.8 38 20 6.4 -1.6
FEU SPDR Portfolio Europe ETF 2.8 9 49 7.4 -0.7
FYLD Cambria Foreign Shareholder Yield ETF 2.8 59 -1 9.4 +1.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 2.8 58 0 6.3 -1.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.7 35 23 8.5 +0.5
IQDF FlexShares International Quality Dividend Index Fund 2.7 47 11 12.4 +4.4
RFEU First Trust Riverfront Dynamic Europe ETF 2.6 83 -25 5.4 -2.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.6 47 11 12.8 +4.8
DTH WisdomTree DEFA Equity Income Fund 2.6 58 0 9.7 +1.7
LVHI Legg Mason International Low Volatility High Dividend ETF 2.6 40 18 9.2 +1.2
FDEV Fidelity Targeted International Factor ETF 2.6 39 19 6.5 -1.5
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 2.6 30 28 7.4 -0.6
IDLB Invesco FTSE International Low Beta Equal Weight ETF 2.5 45 13 7.3 -0.8
WDIV SPDR Global Dividend ETF 2.4 40 18 9.9 +1.8
FID First Trust S&P International Dividend Aristocrats ETF 2.4 60 -2 9.8 +1.8
DWM WisdomTree International Equity Fund 2.4 48 10 8.3 +0.3
GLIF AGFiQ Global Infrastructure ETF 2.4 45 13 5.2 -2.8
IFGL iShares International Developed Real Estate ETF 2.4 48 10 7.6 -0.5
PDEV Principal International Multi-Factor Core Index ETF 2.4 25 33 8.0 -0.1
YLCO Global X YieldCo Index ETF 2.4 65 -7 4.6 -3.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.3 39 19 6.7 -1.4
IVAL Alpha Architect International Quantitative Value ETF 2.3 59 -1 10.5 +2.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 2.3 29 29 7.8 -0.3
EWI iShares MSCI Italy ETF 2.2 49 9 7.6 -0.5
GVAL Cambria Global Value ETF 2.2 69 -11 10.8 +2.8
CUT Invesco MSCI Global Timber ETF 2.2 61 -3 9.3 +1.3
WWJD Inspire International ESG ETF 2.2 80 -22 7.6 -0.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 2.2 25 33 6.6 -1.5
ROBO Robo Global Robotics & Automation Index ETF 2.1 95 -37 3.6 -4.5
PBD Invesco Global Clean Energy ETF 2.1 75 -17 1.8 -6.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.1 65 -7 3.8 -4.2
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 2.1 10 48 9.1 +1.1
DRW WisdomTree Global ex-US Real Estate Fund 2.0 58 0 10.6 +2.6
IQDE FlexShares International Quality Dividend Defensive Index Fd 1.9 47 11 12.4 +4.3
RBIN Nationwide Risk-Based International Equity ETF 1.9 42 16 6.5 -1.6
EWG iShares MSCI Germany ETF 1.9 49 9 7.0 -1.1
WPS iShares International Developed Property ETF 1.9 48 10 7.9 -0.2
DBGR Xtrackers MSCI Germany Hedged Equity ETF 1.9 45 13 7.0 -1.0
IEFA iShares Core MSCI EAFE ETF 1.9 7 51 7.4 -0.7
RWX SPDR Dow Jones International Real Estate ETF 1.8 59 -1 6.6 -1.4
PIZ Invesco DWA Developed Markets Momentum ETF 1.8 81 -23 4.3 -3.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.7 58 0 7.9 -0.2
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 1.7 61 -3 5.0 -3.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.7 80 -22 10.8 +2.7
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 1.6 30 28 6.8 -1.2
FLEE Franklin FTSE Europe ETF 1.6 9 49 7.0 -1.0
FLEH Franklin FTSE Europe Hedged ETF 1.6 9 49 7.1 -0.9
ISZE iShares Edge MSCI Intl Size Factor ETF 1.6 30 28 7.5 -0.6

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:
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 10.9 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 8.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 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.