WisdomTree U.S. MidCap Earnings Fund
ALTAR
Score™
7.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
16.0x P/Sales
ratio
1.3x
P/BV
ratio
2.0x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree MidCap Earnings Fund seeks to track the price and yield performance of the WisdomTree MidCap Earnings Index, which tracks earnings-generating companies within the mid-capitalization s

FUND BASICS
Category US Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Feb 23, 2007
Assets (mns) $660
Currency USD
Expense ratio 38 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Earnings
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 466
Wgt avg mkt cap (mns) $4,769
Large cap (>$10bn) 0.2%
Mid cap ($2-10bn) 97.7%
Small cap (<$2bn) 1.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ARROW ELECTRONICS INC 0.8 %
UNUM GROUP 0.7 %
HANESBRANDS INC 0.7 %
FIRST AMERICAN FINANCIAL 0.7 %
DIAMONDBACK ENERGY INC 0.7 %
BERRY PLASTICS GROUP INC 0.7 %
UGI CORP 0.7 %
ONEMAIN HOLDINGS, INC. 0.7 %
DXC TECHNOLOGY CO. 0.7 %
EAST WEST BANCORP INC 0.7 %
Total 7.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.4% 5.4% 10.1% 10.8% 9.0%

Market Correlations
versus... Beta R-squared
S&P500 1.34 87%
MSCI EAFE 1.31 82%
MSCI Emg. Mkts. 1.10 73%

Technical Indicators
Recent close $45.85
30d moving avg. $44.47
Annualized volatility 27.1%
Short interest (ETF) 0.1%
Short interest (Underlying) 6.3%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 50
Turnover 0.4%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $18,963

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the WisdomTree U.S. MidCap Earnings Fund ETF based on the alternatives' overlap in portfolio holdings with EZM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EZM Expense: 38 bp ALTAR Score™: 7.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EZM
Ticker Fund
Name
Overlap1
vs EZM
(%)
Expense
ratio
(bp)
Savings
vs EZM
(bp)
ALTAR
Score™
(%)
ALTAR
vs EZM
(%)
BKSE BNY Mellon US Small Cap Core Equity ETF 52.6 4 34 4.7 -2.9
FNX First Trust Mid Cap Core AlphaDEX Fund 45.8 61 -23 5.1 -2.5
DON WisdomTree U.S. MidCap Dividend Fund 45.1 38 0 6.7 -0.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 45.0 40 -2 5.7 -2.0
MDYV SPDR S&P 400 Mid Cap Value ETF 43.7 15 23 7.0 -0.6
IJJ iShares S&P Mid-Cap 400 Value ETF 43.7 18 20 7.0 -0.6
JHSC John Hancock Multifactor Small Cap ETF 42.8 42 -4 4.6 -3.0
MDY SPDR S&P Midcap 400 ETF Trust 42.8 23 15 5.2 -2.4
SPMD SPDR Portfolio Mid Cap ETF 42.8 5 33 5.3 -2.3
IJH iShares Core S&P Mid-Cap ETF 42.8 5 33 5.3 -2.3
FNK First Trust Mid Cap Value AlphaDEX Fund 42.0 70 -32 7.8 +0.2
IVOO Vanguard S&P Mid-Cap 400 ETF 41.0 10 28 5.3 -2.3
RWK Invesco S&P MidCap 400 Revenue ETF 40.8 39 -1 6.4 -1.2
IVOV Vanguard S&P Mid-Cap 400 Value ETF 40.7 15 23 6.7 -0.9
XJH iShares ESG Screened S&P Mid-Cap ETF 40.1 12 26 5.4 -2.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 40.0 6 32 4.0 -3.6
RNMC Mid Cap US Equity Select ETF 39.7 60 -22 6.1 -1.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 38.4 17 21 4.0 -3.6
VBR Vanguard Small Cap Value Index Fund 38.3 7 31 6.5 -1.1
SCHA Schwab U.S. Small-Cap ETF 37.7 4 34 3.6 -4.0
SMDY Syntax Stratified MidCap ETF 37.2 30 8 5.2 -2.5
JKL iShares Morningstar Small Cap Value ETF 36.8 30 8 7.6 +0.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 35.3 7 31 3.9 -3.7
JKJ iShares Morningstar Small-Cap ETF 35.3 25 13 5.1 -2.5
VB Vanguard Small-Cap ETF 34.7 5 33 4.4 -3.2
FSMD Fidelity Small-Mid Factor ETF 34.6 29 9 5.3 -2.3
AFMC First Trust Active Factor Mid Cap ETF 30.9 65 -27 5.2 -2.4
VTWO Vanguard Russell 2000 Index Fund 30.9 10 28 2.7 -4.9
FNDA Schwab Fundamental U.S. Small Co. Index ETF 30.8 25 13 4.8 -2.8
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 30.6 20 18 0.0 -7.6
SFYX Sofi Next 500 ETF 30.1 0 38 4.8 -2.8
IUSS Invesco Strategic US Small Company ETF 28.2 23 15 3.6 -4.0
NUSC Nuveen ESG Small-Cap ETF 27.8 40 -2 3.9 -3.7
IWM iShares Russell 2000 ETF 27.3 19 19 2.5 -5.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 26.9 20 18 3.8 -3.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 26.2 29 9 4.2 -3.4
SCHM Schwab U.S. Mid-Cap ETF 24.6 4 34 5.0 -2.6
FAB First Trust Multi Cap Value AlphaDEX Fund 24.6 71 -33 7.6 -0.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 24.3 30 8 6.1 -1.6
VXF Vanguard Extended Market Index Fund 23.9 6 32 2.5 -5.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 23.8 29 9 6.0 -1.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 23.4 15 23 3.8 -3.8
IJK iShares S&P Mid-Cap 400 Growth ETF 23.4 17 21 3.8 -3.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 23.4 24 14 4.9 -2.7
PSC Principal U.S. Small Cap Index ETF 23.0 38 0 4.5 -3.1
VBK Vanguard Small-Cap Growth Index Fund 22.2 7 31 1.9 -5.7
AVUV Avantis U.S. Small Cap Value ETF 22.0 25 13 6.4 -1.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 21.9 15 23 4.2 -3.4
RFV Invesco S&P Midcap 400 Pure Value ETF 21.8 35 3 8.9 +1.3
VFVA Vanguard U.S. Value Factor ETF 21.7 14 24 8.5 +0.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 21.5 39 -1 3.5 -4.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 21.5 9 29 3.3 -4.3
IWN iShares Russell 2000 Value ETF 20.6 24 14 5.0 -2.6
BFOR Barron's 400 ETF 20.0 65 -27 5.6 -2.0
XMVM Invesco S&P MidCap Value with Momentum ETF 19.9 39 -1 8.1 +0.5
VTWV Vanguard Russell 2000 Value Index Fund 19.8 15 23 5.2 -2.5
VUSE Vident Core US Equity Fund 19.8 48 -10 7.4 -0.2
VFQY Vanguard U.S. Quality Factor ETF 19.5 13 25 5.3 -2.3
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 19.4 35 3 6.0 -1.6
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 19.4 35 3 6.0 -1.6
VTWG Vanguard Russell 2000 Growth Index Fund 19.4 15 23 0.1 -7.6
IWO iShares Russell 2000 Growth ETF 19.3 24 14 -0.1 -7.7
EQAL Invesco Russell 1000 Equal Weight ETF 18.9 20 18 5.1 -2.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 18.6 70 -32 1.6 -6.0
TPSC Timothy Plan US Small Cap Core ETF 18.5 52 -14 5.7 -1.9
VFMF Vanguard U.S. Multifactor ETF 18.5 19 19 6.1 -1.5
STSB iShares Factors US Small Blend Style ETF 18.4 35 3 2.9 -4.7
AFSM First Trust Active Factor Small Cap ETF 18.2 77 -39 4.3 -3.3
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 17.6 29 9 -0.3 -7.9
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 17.6 39 -1 3.9 -3.7
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 17.5 20 18 3.6 -4.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 17.4 80 -42 4.7 -2.9
FYX First Trust Small Cap Core AlphaDEX Fund 17.0 63 -25 5.4 -2.2
ONEY SPDR Russell 1000 Yield Focus ETF 17.0 20 18 7.3 -0.3
VFLQ Vanguard U.S. Liquidity Factor ETF 16.8 14 24 3.5 -4.1
SMMD iShares Russell 2500 ETF 16.6 15 23 4.7 -2.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 16.2 20 18 6.2 -1.4
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 16.1 35 3 4.9 -2.7
TUSA First Trust Total US Market AlphaDEX ETF 16.0 70 -32 4.8 -2.8
JHMM John Hancock Multifactor Mid Cap ETF 15.8 42 -4 4.7 -2.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 15.7 24 14 5.5 -2.1
CSML IQ Chaikin U.S. Small Cap ETF 15.5 35 3 2.8 -4.8
ISMD Inspire Small/Mid Cap Impact ETF 15.3 60 -22 4.3 -3.3
SPSM SPDR Portfolio Small Cap ETF 15.2 5 33 5.6 -2.0
SLY SPDR S&P 600 Small Cap ETF 15.2 15 23 5.5 -2.1
VIOO Vanguard S&P Small-Cap 600 ETF 15.1 10 28 5.5 -2.1
IJR iShares Core S&P Small Cap ETF 15.0 6 32 5.6 -2.0
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 14.8 60 -22 3.7 -3.9
XJR iShares ESG Screened S&P Small-Cap ETF 14.6 12 26 5.7 -1.9
IWS iShares Russell Mid-Cap Value ETF 14.5 24 14 6.0 -1.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 14.4 25 13 4.9 -2.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 14.4 66 -28 1.8 -5.8
SIXL 6 Meridian Low Beta Equity Strategy ETF 14.4 84 -46 4.0 -3.6
JKK iShares Morningstar Small-Cap Growth ETF 14.4 30 8 0.6 -7.0
ONEO SPDR Russell 1000 Momentum Focus ETF 14.3 20 18 5.6 -2.0
STMB iShares Factors US Mid Blend Style ETF 14.2 30 8 5.0 -2.6
USMF WisdomTree U.S. Multifactor Fund 14.1 28 10 5.4 -2.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 14.1 35 3 5.1 -2.5
XMHQ Invesco S&P MidCap Quality ETF 14.0 25 13 5.4 -2.2

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:
WisdomTree U.S. MidCap Earnings Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.2 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 CATEGORY
AVERAGE
1.49
 
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.