Xtrackers MSCI All World ex US High Dividend Yield Equity ETF
ALTAR
Score™
9.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
13.5x P/Sales
ratio
1.2x
P/BV
ratio
1.5x Div.
yield
4.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Xtrackers MSCI All World ex US High Dividend Yield Hedged Equity ETF tracks a market cap-weighted index of global ex-US stocks, selected by quality and dividend factors. The fund is currency hedged for USD investors.

FUND BASICS
Category International Equities
Fund Sponsor Deutsche Bank
Website etfus.deutscheawm.com
Inception date Aug 12, 2015
Assets (mns) $22
Currency USD
Expense ratio 20 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 337
Wgt avg mkt cap (mns) $74,331
Large cap (>$10bn) 86.4%
Mid cap ($2-10bn) 12.0%
Small cap (<$2bn) 0.1%
Developed mkts 74.1%
Emerging mkts 23.6%

TOP TEN HOLDINGS
NOVARTIS AG-REG 4.8 %
UNILEVER PLC 3.5 %
SIEMENS AG-REG 2.8 %
ROYAL BANK OF CANADA 2.7 %
SANOFI-AVENTIS 2.5 %
BHP BILLITON LTD 2.4 %
ALLIANZ SE-REG 2.2 %
GLAXOSMITHKLINE PLC 2.1 %
RIO TINTO PLC 2.0 %
IBERDROLA SA 1.9 %
Total 27.1 %

TOP COUNTRY EXPOSURE
BRITAIN 14.7 %
SWITZERLAND 8.7 %
GERMANY 8.5 %
JAPAN 8.4 %
CANADA 7.4 %
AUSTRALIA 5.8 %
CHINA 5.2 %
HONG KONG 4.7 %
TAIWAN 4.3 %
FRANCE 3.9 %

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.
-3.7% -3.7% 5.3% -- 4.4%

Market Correlations
versus... Beta R-squared
S&P500 0.87 74%
MSCI EAFE 0.98 94%
MSCI Emg. Mkts. 0.76 72%

Technical Indicators
Recent close $25.00
30d moving avg. $24.41
Annualized volatility 18.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.4%
Bid/Ask (% of price) 0.57%
ADV underlying (mns) $19,579

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Xtrackers MSCI All World ex US High Dividend Yield Equity ETF ETF based on the alternatives' overlap in portfolio holdings with HDAW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: HDAW Expense: 20 bp ALTAR Score™: 9.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH HDAW
Ticker Fund
Name
Overlap1
vs HDAW
(%)
Expense
ratio
(bp)
Savings
vs HDAW
(bp)
ALTAR
Score™
(%)
ALTAR
vs HDAW
(%)
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 59.8 20 0 8.4 -1.1
DFAI Dimensional International Core Equity Market ETF 53.5 18 2 6.4 -3.1
DTH WisdomTree International High Dividend Fund 46.5 58 -38 8.8 -0.7
VYMI Vanguard International High Dividend Yield ETF 41.5 27 -7 9.0 -0.4
DOL WisdomTree International LargeCap Dividend Fund 35.4 48 -28 7.2 -2.3
EFV iShares MSCI EAFE Value ETF 32.4 39 -19 8.4 -1.0
DWM WisdomTree International Equity Fund 30.4 48 -28 7.2 -2.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 29.8 40 -20 7.2 -2.2
IGRO iShares International Dividend Growth ETF 29.3 15 5 7.0 -2.4
VWID Virtus WMC International Dividend ETF 27.5 49 -29 7.4 -2.0
LVHI Legg Mason International Low Volatility High Dividend ETF 27.0 40 -20 9.0 -0.4
IVLU iShares Edge MSCI Intl Value Factor ETF 25.5 30 -10 10.0 +0.6
DOO WisdomTree International Dividend ex-Financials Fund 25.4 58 -38 7.7 -1.8
IDOG ALPS International Sector Dividend Dogs ETF 25.3 50 -30 8.2 -1.2
DEW WisdomTree Global High Dividend Fund 24.0 58 -38 8.8 -0.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 22.6 30 -10 5.2 -4.2
IDHQ Invesco S&P International Developed Quality ETF 22.3 29 -9 4.7 -4.7
IQDE FlexShares International Quality Dividend Defensive Index ET 22.0 47 -27 7.8 -1.6
DFAE Dimensional Emerging Core Equity Market ETF 22.0 35 -15 6.9 -2.5
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 21.8 45 -25 9.8 +0.4
IQDF FlexShares International Quality Dividend Index Fund 21.7 47 -27 7.9 -1.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 20.5 47 -27 8.2 -1.3
OEUR O'shares FTSE Europe Quality Dividend ETF 20.5 48 -28 5.1 -4.4
IEV iShares Europe ETF 20.4 59 -39 6.3 -3.2
PDEV Principal International Multi-Factor Core Index ETF 20.0 25 -5 7.1 -2.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 19.8 29 -9 7.3 -2.2
RODE Hartford Multifactor Diversified International ETF 19.8 29 -9 10.5 +1.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.7 45 -25 7.7 -1.8
BBEU JPMorgan BetaBuilders Europe ETF 19.7 9 11 6.7 -2.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 19.4 45 -25 6.0 -3.4
QEFA SPDR MSCI EAFE Quality Mix ETF 19.0 30 -10 6.0 -3.5
FLEE Franklin FTSE Europe ETF 18.9 9 11 6.5 -3.0
FIVA Fidelity International Value Factor ETF 18.9 39 -19 8.8 -0.6
FLEH Franklin FTSE Europe Hedged ETF 18.8 9 11 6.5 -2.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 18.7 58 -38 6.5 -3.0
FDEV Fidelity Targeted International Factor ETF 18.5 39 -19 6.2 -3.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 18.0 32 -12 5.7 -3.8
BKIE BNY Mellon International Equity ETF 17.9 4 16 6.6 -2.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 17.7 14 6 6.1 -3.3
EZU iShares MSCI Eurozone ETF 17.6 51 -31 6.0 -3.4
FNDF Schwab Fundamental International Large Co. Index ETF 17.6 25 -5 7.7 -1.7
JHMD John Hancock Multifactor Developed International ETF 17.6 39 -19 6.6 -2.9
PXH Invesco FTSE RAFI Emerging Markets ETF 17.5 50 -30 11.6 +2.2
EURZ Xtrackers Eurozone Equity ETF 17.4 9 11 6.6 -2.9
EFA iShares MSCI EAFE ETF 17.4 32 -12 6.2 -3.2
GSID Goldman Sachs MarketBeta International Equity ETF 17.1 20 0 6.3 -3.1
CIL VictoryShares International Volatility Weighted Index ETF 17.1 45 -25 6.4 -3.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 17.0 39 -19 5.6 -3.9
IEUR iShares Core MSCI Europe ETF 17.0 9 11 6.6 -2.8
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 17.0 45 -25 6.4 -3.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 17.0 35 -15 6.1 -3.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 17.0 20 0 5.0 -4.5
EMXC iShares MSCI Emerging Markets ex China ETF 16.9 25 -5 6.6 -2.9
HFXI IQ 50 Percent Hedged FTSE International ETF 16.8 20 0 6.4 -3.0
VGK Vanguard FTSE Europe ETF 16.8 8 12 6.8 -2.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 16.8 80 -60 6.0 -3.4
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 16.6 30 -10 7.7 -1.7
IQSI IQ Candriam ESG International Equity ETF 16.6 15 5 6.4 -3.0
ISDX Invesco RAFI Strategic Developed ex-US ETF 16.6 23 -3 6.3 -3.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 16.5 20 0 6.4 -3.1
ESGD iShares MSCI EAFE ESG Optimized ETF 16.5 20 0 6.2 -3.3
IQIN IQ 500 International ETF 16.4 25 -5 7.7 -1.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 16.4 25 -5 5.9 -3.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 16.4 40 -20 6.1 -3.4
ACWX iShares MSCI ACWI ex U.S. ETF 16.3 32 -12 6.3 -3.1
FEZ SPDR EURO STOXX 50 ETF 16.1 29 -9 6.2 -3.3
SPEU SPDR Portfolio Europe ETF 16.1 9 11 6.8 -2.6
SCHF Schwab International Equity ETF 15.9 6 14 6.5 -2.9
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 15.8 7 13 6.5 -2.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 15.8 25 -5 6.0 -3.4
RBIN Nationwide Risk-Based International Equity ETF 15.7 42 -22 6.0 -3.4
CWI SPDR MSCI ACWI ex-US ETF 15.6 30 -10 6.2 -3.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 15.6 45 -25 6.0 -3.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 15.4 39 -19 11.6 +2.2
IDV iShares International Select Dividend ETF 15.2 49 -29 8.9 -0.5
RESD WisdomTree International ESG Fund 15.1 30 -10 6.5 -3.0
IDEV iShares Core MSCI International Developed Markets ETF 15.1 5 15 6.5 -3.0
VEU Vanguard FTSE All-World ex-US Index Fund 15.0 8 12 6.7 -2.8
PQIN PGIM QMA Strategic Alpha International Equity ETF 15.0 29 -9 7.1 -2.4
RNDM First Trust Developed International Equity Select ETF 15.0 65 -45 5.7 -3.8
FLGB Franklin FTSE United Kingdom ETF 15.0 9 11 6.9 -2.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 15.0 16 4 6.0 -3.5
EWU iShares MSCI United Kingdom ETF 14.8 51 -31 6.5 -2.9
IEFA iShares Core MSCI EAFE ETF 14.7 7 13 6.5 -3.0
ESGN Columbia Sustainable International Equity Income ETF 14.7 45 -25 9.2 -0.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 14.4 25 -5 6.4 -3.1
EEM iShares MSCI Emerging Markets ETF 14.4 70 -50 5.9 -3.5
GCOW Pacer Global High Dividend ETF 14.3 60 -40 9.9 +0.4
DMDV AAM S&P Developed Markets High Dividend Value ETF 14.3 39 -19 9.9 +0.5
BKEM BNY Mellon Emerging Markets Equity ETF 14.2 11 9 6.6 -2.8
IVAL Alpha Architect International Quantitative Value ETF 14.2 59 -39 8.3 -1.1
IXUS ishares Core MSCI Total International Stock ETF 14.2 9 11 6.4 -3.0
ZGBR SPDR Solactive United Kingdom ETF 14.1 14 6 7.1 -2.4
TPIF Timothy Plan International ETF 14.1 62 -42 6.1 -3.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 14.1 65 -45 5.9 -3.5
VEA Vanguard FTSE Developed Markets ETF 14.0 5 15 6.6 -2.9
VSGX Vanguard ESG International Stock ETF 14.0 17 3 6.3 -3.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 13.9 15 5 7.3 -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:
Xtrackers MSCI All World ex US High Dividend Yield Equity ETF
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 13.5 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 9.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.54
 
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.