Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF
ALTAR
Score™
8.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
14.9x P/Sales
ratio
1.2x
P/BV
ratio
1.6x Div.
yield
4.4%


  • 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) $574
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 115
Wgt avg mkt cap (mns) $75,691
Large cap (>$10bn) 92.4%
Mid cap ($2-10bn) 7.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNILEVER PLC 5.8 %
NOVARTIS AG-REG 5.2 %
SIEMENS AG-REG 4.5 %
SANOFI-AVENTIS 4.1 %
TOTAL SA 4.1 %
ALLIANZ SE-REG 3.6 %
GLAXOSMITHKLINE PLC 3.5 %
RIO TINTO PLC 3.3 %
BRITISH AMERICAN TOBACCO PLC 3.1 %
IBERDROLA SA 3.1 %
Total 40.3 %

TOP COUNTRY EXPOSURE
BRITAIN 24.0 %
GERMANY 13.9 %
JAPAN 13.8 %
FRANCE 10.3 %
SWITZERLAND 9.5 %
AUSTRALIA 5.3 %
HONG KONG 4.9 %
ITALY 4.5 %
SPAIN 4.3 %
SINGAPORE 2.3 %

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.
-2.0% -2.0% 5.2% -- 5.0%

Market Correlations
versus... Beta R-squared
S&P500 0.81 73%
MSCI EAFE 0.93 94%
MSCI Emg. Mkts. 0.70 69%

Technical Indicators
Recent close $23.91
30d moving avg. $23.47
Annualized volatility 17.9%
Short interest (ETF) 0.2%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 106
Turnover 0.4%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $10,140

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 8.4%


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 Equity ET 59.8 20 0 9.4 +1.1
DFAI Dimensional International Core Equity Market ETF 49.9 18 2 6.4 -2.0
DTH WisdomTree International High Dividend Fund 49.3 58 -38 8.7 +0.3
DOL WisdomTree International LargeCap Dividend Fund 35.5 48 -28 7.2 -1.2
LVHI Legg Mason International Low Volatility High Dividend ETF 34.7 40 -20 9.0 +0.6
VWID Virtus WMC International Dividend ETF 32.4 49 -29 7.4 -1.0
EFV iShares MSCI EAFE Value ETF 32.0 39 -19 8.4 -0.0
IDOG ALPS International Sector Dividend Dogs ETF 30.9 50 -30 8.2 -0.2
DWM WisdomTree International Equity Fund 29.8 48 -28 7.2 -1.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 29.0 40 -20 7.2 -1.2
IVLU iShares Edge MSCI Intl Value Factor ETF 28.9 30 -10 9.9 +1.5
IGRO iShares International Dividend Growth ETF 27.8 15 5 7.0 -1.4
DOO WisdomTree International Dividend ex-Financials Fund 27.4 58 -38 7.7 -0.7
VYMI Vanguard International High Dividend Yield ETF 26.8 27 -7 9.0 +0.7
EUDG WisdomTree Europe Quality Dividend Growth Fund 25.8 58 -38 6.5 -1.9
FEZ SPDR EURO STOXX 50 ETF 25.6 29 -9 6.1 -2.3
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 24.9 45 -25 9.7 +1.3
EWU iShares MSCI United Kingdom ETF 24.2 51 -31 6.5 -1.9
FLGB Franklin FTSE United Kingdom ETF 24.2 9 11 6.9 -1.5
FIVA Fidelity International Value Factor ETF 22.4 39 -19 8.7 +0.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 22.4 30 -10 5.2 -3.2
IDV iShares International Select Dividend ETF 22.3 49 -29 8.9 +0.5
OEUR O'shares FTSE Europe Quality Dividend ETF 22.1 48 -28 5.1 -3.3
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 21.8 30 -10 7.7 -0.6
ZGBR SPDR Solactive United Kingdom ETF 21.3 14 6 7.0 -1.4
IEV iShares Europe ETF 20.9 59 -39 6.2 -2.2
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 20.5 80 -60 6.0 -2.4
IQDE FlexShares International Quality Dividend Defensive Index ET 20.3 47 -27 7.8 -0.6
EFAS Global X MSCI SuperDividend EAFE ETF 20.2 56 -36 8.1 -0.3
BBEU JPMorgan BetaBuilders Europe ETF 20.1 9 11 6.6 -1.7
QEFA SPDR MSCI EAFE Quality Mix ETF 20.1 30 -10 6.0 -2.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 19.8 45 -25 6.0 -2.4
IDHQ Invesco S&P International Developed Quality ETF 19.8 29 -9 4.8 -3.6
EFAV iShares Edge MSCI Min Vol EAFE ETF 19.7 20 0 5.0 -3.4
EZU iShares MSCI Eurozone ETF 19.6 51 -31 6.0 -2.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 19.4 29 -9 7.3 -1.1
FLEE Franklin FTSE Europe ETF 19.3 9 11 6.4 -2.0
EURZ Xtrackers Eurozone Equity ETF 19.3 9 11 6.5 -1.9
FLEH Franklin FTSE Europe Hedged ETF 19.2 9 11 6.5 -1.9
GCOW Pacer Global High Dividend ETF 18.9 60 -40 9.9 +1.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 18.7 32 -12 5.7 -2.7
FDEV Fidelity Targeted International Factor ETF 18.6 39 -19 6.2 -2.2
IQDF FlexShares International Quality Dividend Index Fund 18.6 47 -27 7.9 -0.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 18.3 14 6 6.1 -2.3
ESGN Columbia Sustainable International Equity Income ETF 18.3 45 -25 9.2 +0.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 17.5 25 -5 5.9 -2.5
IEUR iShares Core MSCI Europe ETF 17.4 9 11 6.6 -1.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 17.3 45 -25 6.0 -2.4
PDEV Principal International Multi-Factor Core Index ETF 17.3 25 -5 7.1 -1.3
JHMD John Hancock Multifactor Developed International ETF 17.2 39 -19 6.6 -1.8
VGK Vanguard FTSE Europe ETF 17.2 8 12 6.7 -1.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 17.1 45 -25 7.6 -0.8
EFA iShares MSCI EAFE ETF 17.0 32 -12 6.2 -2.1
ESGD iShares MSCI EAFE ESG Optimized ETF 16.9 20 0 6.2 -2.2
GSID Goldman Sachs MarketBeta International Equity ETF 16.7 20 0 6.3 -2.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 16.7 35 -15 6.1 -2.3
RBIN Nationwide Risk-Based International Equity ETF 16.5 42 -22 6.0 -2.3
SPEU SPDR Portfolio Europe ETF 16.5 9 11 6.7 -1.6
DMDV AAM S&P Developed Markets High Dividend Value ETF 16.4 39 -19 9.9 +1.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 16.3 47 -27 8.1 -0.3
IQSI IQ Candriam ESG International Equity ETF 16.2 15 5 6.4 -2.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 16.2 20 0 6.4 -2.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 16.0 29 -9 7.1 -1.3
DWMF WisdomTree International Multifactor Fund 15.9 38 -18 6.2 -2.2
HFXI IQ 50 Percent Hedged FTSE International ETF 15.9 20 0 6.4 -1.9
INTF iShares Edge MSCI Multifactor Intl ETF 15.8 30 -10 7.2 -1.2
BKIE BNY Mellon International Equity ETF 15.7 4 16 6.5 -1.9
RESD WisdomTree International ESG Fund 15.6 30 -10 6.5 -1.9
IDLV Invesco S&P International Developed Low Volatility ETF 15.6 25 -5 6.2 -2.2
HEDJ WisdomTree Europe Hedged Equity Fund 15.5 58 -38 6.0 -2.4
FDD First Trust Stoxx European Select Dividend Index Fund 15.5 58 -38 8.8 +0.4
IQIN IQ 500 International ETF 15.5 25 -5 7.6 -0.8
RODE Hartford Multifactor Diversified International ETF 15.4 29 -9 10.5 +2.1
FNDF Schwab Fundamental International Large Co. Index ETF 15.2 25 -5 7.7 -0.7
CIL VictoryShares International Volatility Weighted Index ETF 15.0 45 -25 6.4 -2.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 15.0 45 -25 6.3 -2.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 14.9 7 13 6.5 -1.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 14.9 39 -19 5.6 -2.8
ISDX Invesco RAFI Strategic Developed ex-US ETF 14.8 23 -3 6.3 -2.1
DEW WisdomTree Global High Dividend Fund 14.8 58 -38 8.8 +0.4
JPIN JPMorgan Diversified Return International Equity ETF 14.6 37 -17 7.1 -1.3
RNDM First Trust Developed International Equity Select ETF 14.5 65 -45 5.7 -2.7
IVAL Alpha Architect International Quantitative Value ETF 14.5 59 -39 8.3 -0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 14.5 25 -5 6.0 -2.4
IEFA iShares Core MSCI EAFE ETF 14.4 7 13 6.5 -1.9
TPIF Timothy Plan International ETF 13.9 62 -42 6.1 -2.3
FLGR Franklin FTSE Germany ETF 13.8 9 11 7.0 -1.4
EWG iShares MSCI Germany ETF 13.8 51 -31 6.4 -2.0
DBGR Xtrackers MSCI Germany Hedged Equity ETF 13.8 45 -25 6.4 -2.0
DXGE WisdomTree Germany Hedged Equity Fund 13.8 48 -28 7.6 -0.7
ZDEU SPDR Solactive Germany ETF 13.8 14 6 7.1 -1.3
IQDG WisdomTree International Quality Dividend Growth Fund 13.5 42 -22 6.0 -2.4
SCHF Schwab International Equity ETF 13.4 6 14 6.5 -1.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 13.4 58 -38 5.8 -2.6
EWJV iShares MSCI Japan Value ETF 13.3 15 5 8.9 +0.6
IDEV iShares Core MSCI International Developed Markets ETF 13.2 5 15 6.5 -1.9
DAX Global X DAX Germany ETF 13.1 21 -1 7.0 -1.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 13.1 65 -45 10.1 +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:

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 13.0 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 8.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.