Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF
ALTAR
Score™
10.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
13.4x P/Sales
ratio
1.0x
P/BV
ratio
1.2x Div.
yield
5.1%


  • 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) $447
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 116
Wgt avg mkt cap (mns) $51,752
Large cap (>$10bn) 85.6%
Mid cap ($2-10bn) 14.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SIEMENS AG-REG 5.3 %
SANOFI-AVENTIS 5.0 %
BRITISH AMERICAN TOBACCO PLC 4.5 %
ALLIANZ SE-REG 4.4 %
TOTAL SA 4.3 %
GLAXOSMITHKLINE PLC 4.3 %
IBERDROLA SA 3.9 %
RIO TINTO PLC 3.6 %
ZURICH FINANCIAL SERVICES AG 2.8 %
NATIONAL GRID PLC 2.1 %
Total 40.1 %

TOP COUNTRY EXPOSURE
BRITAIN 21.3 %
JAPAN 20.5 %
GERMANY 10.4 %
FRANCE 10.2 %
SPAIN 7.2 %
HONG KONG 6.5 %
AUSTRALIA 6.3 %
SWITZERLAND 5.4 %
SINGAPORE 2.1 %
ITALY 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.9% -7.0% 2.8% -- 2.3%

Market Correlations
versus... Beta R-squared
S&P500 0.72 70%
MSCI EAFE 0.90 91%
MSCI Emg. Mkts. 0.64 73%

Technical Indicators
Recent close $20.36
30d moving avg. $20.95
Annualized volatility 15.3%
Short interest (ETF) 0.2%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 61
Turnover 0.3%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $3,336

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 10.0%


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 55.5 20 0 11.6 +1.7
DTH WisdomTree DEFA Equity Income Fund 34.7 58 -38 9.9 -0.0
VGFO Virtus WMC Global Factor Opportunities ETF 27.5 49 -29 8.0 -2.0
IDY Pacific Global International Equity Income ETF 27.0 39 -19 8.0 -1.9
IDV iShares International Select Dividend ETF 26.5 49 -29 10.8 +0.9
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 25.9 45 -25 11.1 +1.2
DOO WisdomTree International Dividend ex-Financials Fund 24.9 58 -38 9.0 -0.9
LVHI Legg Mason International Low Volatility High Dividend ETF 24.8 40 -20 9.5 -0.5
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 24.6 30 -10 8.2 -1.8
EFV iShares MSCI EAFE Value ETF 24.3 39 -19 9.6 -0.3
DOL WisdomTree International LargeCap Dividend Fund 24.1 48 -28 8.7 -1.3
IQDE FlexShares International Quality Dividend Defensive Index Fd 21.9 47 -27 9.2 -0.8
IVLU iShares Edge MSCI Intl Value Factor ETF 21.7 30 -10 11.1 +1.1
IDOG ALPS International Sector Dividend Dogs ETF 21.6 50 -30 11.5 +1.5
EWU iShares MSCI United Kingdom ETF 21.3 50 -30 7.6 -2.4
DWM WisdomTree International Equity Fund 20.9 48 -28 8.3 -1.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 20.8 35 -15 8.6 -1.3
QGBR SPDR MSCI UK StrategicFactors ETF 20.8 14 6 8.2 -1.8
IQLT iShares Edge MSCI Intl Quality Factor ETF 20.6 30 -10 6.1 -3.9
VYMI Vanguard International High Dividend Yield ETF 20.3 27 -7 10.2 +0.3
IQDF FlexShares International Quality Dividend Index Fund 20.1 47 -27 9.1 -0.9
FLGB Franklin FTSE United Kingdom ETF 19.9 9 11 8.0 -2.0
EFAS Global X MSCI SuperDividend EAFE ETF 19.4 56 -36 9.9 -0.1
OEUR O'shares FTSE Europe Quality Dividend ETF 19.3 48 -28 6.9 -3.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 18.7 20 0 5.3 -4.7
EWJV iShares MSCI Japan Value ETF 17.7 15 5 9.0 -1.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 17.3 80 -60 6.5 -3.5
FEZ SPDR EURO STOXX 50 ETF 17.2 29 -9 6.8 -3.1
GCOW Pacer Global High Dividend ETF 17.0 60 -40 10.9 +0.9
FIVA Fidelity International Value Factor ETF 17.0 39 -19 10.0 +0.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 16.9 29 -9 7.8 -2.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 16.8 32 -12 6.0 -4.0
QEFA SPDR MSCI EAFE Quality Mix ETF 15.9 30 -10 6.7 -3.2
DIM WisdomTree International MidCap Dividend Fund 15.9 58 -38 7.6 -2.4
FID First Trust S&P International Dividend Aristocrats ETF 15.8 60 -40 10.1 +0.2
FDD First Trust Stoxx European Select Dividend Index Fund 15.7 58 -38 11.7 +1.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 15.2 45 -25 8.9 -1.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 15.2 47 -27 9.4 -0.6
RBIN Nationwide Risk-Based International Equity ETF 15.1 42 -22 6.1 -3.9
EPP iShares MSCI Pacific ex-Japan ETF 15.1 48 -28 6.8 -3.2
IGRO iShares International Dividend Growth ETF 14.9 22 -2 8.4 -1.5
WDIV SPDR Global Dividend ETF 14.8 40 -20 10.1 +0.1
INTF iShares Edge MSCI Multifactor Intl ETF 14.8 30 -10 7.9 -2.0
FDEV Fidelity Targeted International Factor ETF 14.7 39 -19 6.5 -3.5
DWMF WisdomTree International Multifactor Fund 14.6 38 -18 6.2 -3.8
EZU iShares MSCI Eurozone ETF 14.6 49 -29 6.8 -3.2
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 14.5 19 1 7.1 -2.9
EURZ Xtrackers Eurozone Equity ETF 14.4 9 11 7.1 -2.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 14.4 14 6 6.8 -3.2
DMDV AAM S&P Developed Markets High Dividend Value ETF 14.3 39 -19 11.5 +1.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 14.3 59 -39 12.7 +2.7
TPIF Timothy Plan International ETF 14.2 62 -42 6.3 -3.6
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 14.1 45 -25 6.9 -3.1
IEV iShares Europe ETF 14.1 59 -39 7.0 -3.0
CIL VictoryShares International Volatility Weighted Index ETF 14.1 45 -25 6.9 -3.1
JPIN JPMorgan Diversified Return International Equity ETF 14.1 37 -17 7.8 -2.1
JHMD John Hancock Multifactor Developed International ETF 14.0 39 -19 7.3 -2.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 14.0 29 -9 7.8 -2.2
FNDF Schwab Fundamental International Large Co. Index ETF 13.9 25 -5 8.9 -1.1
RNDM Developed International Equity Select ETF 13.8 65 -45 6.1 -3.9
ESGD iShares MSCI EAFE ESG Optimized ETF 13.7 20 0 6.9 -3.0
IQSI IQ Candriam ESG International Equity ETF 13.6 15 5 7.4 -2.5
BBEU JPMorgan BetaBuilders Europe ETF 13.5 9 11 7.5 -2.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 13.4 65 -45 11.1 +1.2
EFA iShares MSCI EAFE ETF 13.3 32 -12 7.0 -2.9
ESGN Columbia Sustainable International Equity Income ETF 13.3 45 -25 11.0 +1.0
FLEE Franklin FTSE Europe ETF 13.2 9 11 7.1 -2.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 13.1 45 -25 6.8 -3.2
IQIN IQ 500 International ETF 13.0 25 -5 8.7 -1.3
GSID Goldman Sachs MarketBeta International Equity ETF 13.0 20 0 7.3 -2.7
HFXI IQ 50 Percent Hedged FTSE International ETF 12.9 20 0 7.4 -2.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 12.8 35 -15 6.9 -3.1
ISDX Invesco Strategic Developed ex-US ETF 12.8 23 -3 7.5 -2.5
FLEH Franklin FTSE Europe Hedged ETF 12.7 9 11 7.2 -2.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 12.7 45 -25 6.9 -3.1
DXJ WisdomTree Japan Hedged Equity Fund 12.6 48 -28 7.1 -2.8
EUFN iShares MSCI Europe Financials ETF 12.6 48 -28 13.1 +3.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 12.6 20 0 7.0 -3.0
MVIN Natixis Seeyond International Minimum Volatility ETF 12.5 56 -36 5.6 -4.4
PDEV Principal International Multi-Factor Core Index ETF 12.5 25 -5 7.9 -2.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 12.4 39 -19 6.6 -3.4
NUDM Nuveen ESG International Developed Markets Equity ETF 12.4 40 -20 6.8 -3.1
LVIN Hartford Multifactor Low Volatility International Equity ETF 12.3 29 -9 11.6 +1.6
DWX SPDR S&P International Dividend ETF 12.1 45 -25 7.8 -2.2
VGK Vanguard FTSE Europe ETF 12.1 8 12 7.5 -2.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 12.1 25 -5 6.5 -3.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 12.0 7 13 7.4 -2.5
IEUR iShares Core MSCI Europe ETF 12.0 9 11 7.3 -2.6
BKIE BNY Mellon International Equity ETF 11.9 4 16 7.4 -2.6
INFR Legg Mason Global Infrastructure ETF 11.9 40 -20 6.1 -3.9
IDLV Invesco S&P International Developed Low Volatility ETF 11.8 25 -5 6.3 -3.7
FEU SPDR Portfolio Europe ETF 11.6 9 11 7.4 -2.6
JXI iShares Global Utilities ETF 11.6 46 -26 5.9 -4.1
FYLD Cambria Foreign Shareholder Yield ETF 11.4 59 -39 6.6 -3.4
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 11.4 9 11 7.1 -2.8
HEDJ WisdomTree Europe Hedged Equity Fund 11.3 58 -38 6.9 -3.0
QJPN SPDR MSCI Japan StrategicFactors ETF 11.3 14 6 7.2 -2.8

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:

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 11.8 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 10.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.