Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF
ALTAR
Score™
11.3% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
10.6x P/Sales
ratio
0.8x
P/BV
ratio
1.1x Div.
yield
6.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF tracks a cap-weighted index of developed country stocks, ex-North America, 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) $360
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 117
Wgt avg mkt cap (mns) $43,759
Large cap (>$10bn) 81.0%
Mid cap ($2-10bn) 18.7%
Small cap (<$2bn) 0.4%
Developed mkts 99.4%
Emerging mkts 0.7%

TOP TEN HOLDINGS
SANOFI-AVENTIS 6.2 %
GLAXOSMITHKLINE PLC 5.4 %
TOTAL SA 4.5 %
ALLIANZ SE-REG 4.5 %
IBERDROLA SA 4.4 %
ZURICH FINANCIAL SERVICES AG 3.8 %
RIO TINTO PLC 3.7 %
BASF SE 3.1 %
NTT DOCOMO, INC. 3.0 %
NATIONAL GRID PLC 2.9 %
Total 41.6 %

TOP COUNTRY EXPOSURE
BRITAIN 24.3 %
FRANCE 14.8 %
JAPAN 11.1 %
GERMANY 10.0 %
SPAIN 6.8 %
AUSTRALIA 5.9 %
SWITZERLAND 5.9 %
HONG KONG 4.7 %
FINLAND 3.6 %
SINGAPORE 3.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-24.8% -15.4% -- -- -0.2%

Market Correlations
versus... Beta R-squared
S&P500 0.81 70%
MSCI EAFE 0.91 87%
MSCI Emg. Mkts. 0.68 72%

Technical Indicators
Recent close $17.75
30d moving avg. $19.77
Annualized volatility 14.7%
Short interest (ETF) 0.3%
Relative strength (RSI) 34

Liquidity measures
Avg. volume (thou.) 532
Turnover 2.6%
Bid/Ask (% of price) 0.84%
ADV underlying (mns) $7,196

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF ETF based on the alternatives' overlap in portfolio holdings with HDEF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: HDEF Expense: 20 bp ALTAR Score™: 11.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH HDEF
Ticker Fund
Name
Overlap1
vs HDEF
(%)
Expense
ratio
(bp)
Savings
vs HDEF
(bp)
ALTAR
Score™
(%)
ALTAR
vs HDEF
(%)
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 51.3 20 0 12.8 +1.5
DTH WisdomTree DEFA Equity Income Fund 32.6 58 -38 12.6 +1.3
DOO WisdomTree International Dividend ex-Financials Fund 30.9 58 -38 11.1 -0.2
CID Victory CEMP Intl High Dividend Volatility Wtd Index ETF 28.1 45 -25 15.2 +3.9
LVHI Legg Mason International Low Volatility High Dividend ETF 26.4 40 -20 12.7 +1.4
EFV iShares MSCI EAFE Value ETF 24.4 39 -19 12.7 +1.5
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 23.7 30 -10 8.7 -2.6
IDOG ALPS International Sector Dividend Dogs ETF 22.2 50 -30 13.8 +2.6
OEUR O'shares FTSE Europe Quality Dividend ETF 22.1 48 -28 7.8 -3.5
FID First Trust S&P International Dividend Aristocrats ETF 22.1 60 -40 11.8 +0.5
IDY Pacific Global International Equity Income ETF 21.0 39 -19 11.1 -0.2
EWU iShares MSCI United Kingdom ETF 20.8 50 -30 8.7 -2.6
IDV iShares International Select Dividend ETF 20.6 49 -29 15.2 +3.9
QGBR SPDR MSCI UK StrategicFactors ETF 20.6 14 6 9.3 -1.9
WDIV SPDR Global Dividend ETF 20.5 40 -20 12.8 +1.5
IQDF FlexShares International Quality Dividend Index Fund 20.5 47 -27 16.5 +5.2
IQLT iShares Edge MSCI Intl Quality Factor ETF 20.4 30 -10 7.7 -3.6
IQDE FlexShares International Quality Dividend Defensive Index Fd 20.1 47 -27 15.9 +4.6
EUMV iShares Edge MSCI Min Vol Europe ETF 20.1 25 -5 6.5 -4.8
EFAV iShares Edge MSCI Min Vol EAFE ETF 20.0 20 0 6.8 -4.4
FLGB Franklin FTSE United Kingdom ETF 19.7 9 11 9.3 -2.0
FEZ SPDR EURO STOXX 50 ETF 19.4 29 -9 9.4 -1.9
DOL WisdomTree International LargeCap Dividend Fund 19.1 48 -28 11.0 -0.3
VYMI Vanguard International High Dividend Yield ETF 18.6 32 -12 12.6 +1.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 17.9 35 -15 11.0 -0.3
DWM WisdomTree International Equity Fund 17.4 48 -28 10.8 -0.5
DIM WisdomTree International MidCap Dividend Fund 17.4 58 -38 10.4 -0.9
EZU iShares MSCI Eurozone ETF 17.2 49 -29 9.1 -2.2
EUFN iShares MSCI Europe Financials ETF 17.1 48 -28 15.3 +4.0
EURZ Xtrackers Eurozone Equity ETF 16.8 9 11 9.3 -2.0
FDD First Trust Stoxx European Select Dividend Index Fund 16.8 57 -37 16.0 +4.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 16.6 29 -9 10.9 -0.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 16.5 58 -38 13.8 +2.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 15.8 14 6 8.8 -2.5
QEFA SPDR MSCI EAFE Quality Mix ETF 15.8 30 -10 8.3 -3.0
SCID Global X Scientific Beta Europe ETF 15.3 38 -18 8.9 -2.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 15.3 47 -27 17.5 +6.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 15.3 45 -25 8.9 -2.3
EFAS Global X MSCI SuperDividend EAFE ETF 15.2 55 -35 13.0 +1.7
IEV iShares Europe ETF 15.1 59 -39 8.8 -2.5
EPP iShares MSCI Pacific ex-Japan ETF 15.0 48 -28 8.5 -2.8
JPEU JPMorgan Diversified Return Europe Equity ETF 14.9 37 -17 8.8 -2.5
INTF iShares Edge MSCI Multifactor Intl ETF 14.9 30 -10 10.4 -0.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 14.9 45 -25 11.6 +0.3
FLFR Franklin FTSE France ETF 14.8 9 11 8.9 -2.4
EWQ iShares MSCI France ETF 14.8 50 -30 8.5 -2.8
JPIN JPMorgan Diversified Return International Equity ETF 14.8 38 -18 10.0 -1.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 14.7 25 -5 8.5 -2.8
ESGD iShares MSCI EAFE ESG Optimized ETF 14.7 20 0 9.2 -2.1
CIZ Victory CEMP Developed Enhanced Volatility Weighted Index ET 14.6 45 -25 9.4 -1.9
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 14.6 30 -10 8.7 -2.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 14.5 45 -25 8.5 -2.8
BBEU JPMorgan BetaBuilders Europe ETF 14.4 9 11 9.2 -2.1
FLEE Franklin FTSE Europe ETF 14.3 9 11 9.0 -2.3
GCOW Pacer Global High Dividend ETF 14.3 60 -40 13.7 +2.4
CIL Victory CEMP International Volatility Weighted Index ETF 14.3 45 -25 9.3 -2.0
FLEH Franklin FTSE Europe Hedged ETF 14.2 9 11 8.9 -2.4
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 14.2 19 1 8.7 -2.6
RBIN Nationwide Risk-Based International Equity ETF 13.9 42 -22 8.6 -2.7
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 13.8 48 -28 0.0 -11.3
FYLD Cambria Foreign Shareholder Yield ETF 13.8 59 -39 12.9 +1.6
TPIF Timothy Plan International ETF 13.7 62 -42 9.0 -2.3
IVLU iShares Edge MSCI Intl Value Factor ETF 13.7 30 -10 14.3 +3.0
DWMF WisdomTree International Multifactor Fund 13.6 38 -18 8.4 -2.9
IGRO iShares International Dividend Growth ETF 13.6 22 -2 9.9 -1.4
IQSI IQ Candriam ESG International Equity ETF 13.6 15 5 9.3 -2.0
FNDF Schwab Fundamental International Large Co. Index ETF 13.6 25 -5 11.4 +0.1
VGK Vanguard FTSE Europe ETF 13.5 8 12 9.5 -1.8
RNDM Developed International Equity Select ETF 13.4 65 -45 8.2 -3.1
INFR Legg Mason Global Infrastructure ETF 13.4 40 -20 7.0 -4.3
IDLV Invesco S&P International Developed Low Volatility ETF 13.2 25 -5 8.1 -3.1
JHMD John Hancock Multifactor Developed International ETF 13.1 45 -25 9.6 -1.7
IEUR iShares Core MSCI Europe ETF 13.1 9 11 9.3 -2.0
NUDM Nuveen ESG International Developed Markets Equity ETF 13.0 40 -20 8.7 -2.6
FEU SPDR Portfolio Europe ETF 13.0 9 11 9.3 -2.0
FDEV Fidelity Targeted International Factor ETF 12.9 39 -19 7.9 -3.4
PQIN PGIM QMA Strategic Alpha International Equity ETF 12.9 29 -9 9.5 -1.8
JXI iShares Global Utilities ETF 12.8 46 -26 6.8 -4.5
IQIN IQ 500 International ETF 12.7 25 -5 11.3 +0.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 12.7 24 -4 9.3 -2.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 12.7 39 -19 8.4 -2.9
DWX SPDR S&P International Dividend ETF 12.5 45 -25 9.2 -2.1
HEDJ WisdomTree Europe Hedged Equity Fund 12.4 58 -38 10.0 -1.3
EFA iShares MSCI EAFE ETF 12.4 32 -12 9.2 -2.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 12.3 20 0 9.2 -2.1
RFDI First Trust Riverfront Dynamic Developed International ETF 12.2 83 -63 8.1 -3.2
MXI iShares Global Materials ETF 12.2 46 -26 8.7 -2.6
FIDI Fidelity International High Dividend ETF 12.2 39 -19 16.3 +5.0
LVIN Hartford Multifactor Low Volatility International Equity ETF 12.2 29 -9 15.0 +3.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 12.0 35 -15 8.9 -2.4
HFXI IQ 50 Percent Hedged FTSE International ETF 11.9 20 0 9.5 -1.8
IDHQ Invesco S&P International Developed High Quality ETF 11.8 29 -9 6.7 -4.6
RFEU First Trust Riverfront Dynamic Europe ETF 11.7 83 -63 6.4 -4.9
ISDX Invesco Strategic Developed ex-US ETF 11.7 23 -3 10.1 -1.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 11.6 32 -12 7.8 -3.5
DDEZ WisdomTree Europe Multifactor Fund 11.4 43 -23 8.6 -2.7
FIVA Fidelity International Value Factor ETF 11.4 39 -19 13.5 +2.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 11.3 25 -5 8.7 -2.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 11.2 7 13 9.6 -1.7

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 EAFE High Dividend Yield Hedged Equity ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.6 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 11.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.58
 
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.