WisdomTree U.S. MidCap Earnings Fund
ALTAR
Score™
9.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
11.8x P/Sales
ratio
0.9x
P/BV
ratio
1.5x Div.
yield
2.3%


  • 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) $1,017
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 552
Wgt avg mkt cap (mns) $5,475
Large cap (>$10bn) 2.7%
Mid cap ($2-10bn) 95.0%
Small cap (<$2bn) 2.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BRIGHTHOUSE FINANCIAL, INC. 1.3 %
SANTANDER CONSUMER USA HOLDI 0.8 %
UNUM GROUP 0.8 %
GAP INC/THE 0.7 %
L BRANDS, INC. 0.7 %
MOLINA HEALTHCARE INC 0.7 %
XEROX CORP 0.7 %
ONEMAIN HOLDINGS, INC. 0.6 %
MACY'S INC 0.6 %
LEAR CORP 0.6 %
Total 7.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.7% 6.7% 7.8% 12.7% 8.9%

Market Correlations
versus... Beta R-squared
S&P500 1.21 85%
MSCI EAFE 1.13 61%
MSCI Emg. Mkts. 0.74 46%

Technical Indicators
Recent close $38.91
30d moving avg. $41.72
Annualized volatility 15.9%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.3%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 81
Turnover 0.3%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $20,648

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 9.2%


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
(%)
FNX First Trust Mid Cap Core AlphaDEX Fund 54.3 61 -23 6.9 -2.3
RNMC Mid Cap US Equity Select ETF 50.5 60 -22 7.0 -2.2
FNK First Trust Mid Cap Value AlphaDEX Fund 47.5 70 -32 10.0 +0.8
MDY SPDR S&P Midcap 400 ETF Trust 46.9 23 15 6.0 -3.2
SPMD SPDR Portfolio Mid Cap ETF 46.9 5 33 6.2 -3.0
IJH iShares Core S&P Mid-Cap ETF 46.9 6 32 6.2 -3.0
VBR Vanguard Small Cap Value Index Fund 46.8 7 31 8.2 -1.0
VB Vanguard Small-Cap ETF 46.4 5 33 5.6 -3.6
EWMC Invesco S&P MidCap 400 Equal Weight ETF 46.4 40 -2 6.8 -2.4
IVOO Vanguard S&P Mid-Cap 400 ETF 46.3 10 28 6.1 -3.1
SFYX Sofi Next 500 ETF 45.5 0 38 5.4 -3.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 44.8 6 32 5.3 -3.9
DON WisdomTree U.S. MidCap Dividend Fund 43.2 38 0 7.7 -1.5
JHSC John Hancock Multifactor Small Cap ETF 42.1 50 -12 6.0 -3.2
RWK Invesco S&P MidCap 400 Revenue ETF 41.5 39 -1 8.1 -1.1
FSMD Fidelity Small-Mid Factor ETF 40.7 29 9 6.8 -2.4
SCHM Schwab U.S. Mid-Cap ETF 40.0 4 34 6.2 -3.0
SCHA Schwab U.S. Small-Cap ETF 39.2 4 34 5.1 -4.1
MDYV SPDR S&P 400 Mid Cap Value ETF 38.8 15 23 8.3 -0.9
IJJ iShares S&P Mid-Cap 400 Value ETF 38.7 25 13 8.2 -1.0

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 14.4 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 9.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.56
 
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.