Xtrackers Japan JPX-Nikkei 400 Equity
ALTAR
Score™
8.1% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.4x P/Sales
ratio
0.8x
P/BV
ratio
1.3x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Xtrackers Japan JPX-Nikkei 400 Equity ETF tracks an index of 400 Japanese companies that rank highest in profitability and capital efficiency.

FUND BASICS
Category International Equities
Fund Sponsor Deutsche Bank
Website etfus.deutscheawm.com
Inception date Jun 24, 2015
Assets (mns) $29
Currency USD
Expense ratio 9 bp
Distributions Semi-Annually

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 399
Wgt avg mkt cap (mns) $29,602
Large cap (>$10bn) 73.7%
Mid cap ($2-10bn) 24.4%
Small cap (<$2bn) 1.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 1.6 %
MITSUBISHI UFJ FINANCIAL GRO 1.6 %
SONY CORP 1.5 %
TAKEDA PHARMACEUTICAL CO LTD 1.5 %
KEYENCE CORP 1.5 %
NIPPON TELEGRAPH AND TELEPHONE COR 1.5 %
SUMITOMO MITSUI FINANCIAL GR 1.4 %
RECRUIT HOLDINGS CO LTD 1.4 %
NINTENDO CO LTD 1.4 %
HONDA MOTOR CO LTD 1.3 %
Total 14.7 %

TOP COUNTRY EXPOSURE
JAPAN 98.1 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
16.6% 8.8% -- -- 4.0%

Market Correlations
versus... Beta R-squared
S&P500 0.76 63%
MSCI EAFE 0.89 73%
MSCI Emg. Mkts. 0.66 68%

Technical Indicators
Recent close $28.90
30d moving avg. $28.50
Annualized volatility 11.5%
Short interest (ETF) 0.2%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.4%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $17,859

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Xtrackers Japan JPX-Nikkei 400 Equity ETF based on the alternatives' overlap in portfolio holdings with JPN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JPN Expense: 9 bp ALTAR Score™: 8.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JPN
Ticker Fund
Name
Overlap1
vs JPN
(%)
Expense
ratio
(bp)
Savings
vs JPN
(bp)
ALTAR
Score™
(%)
ALTAR
vs JPN
(%)
JPXN iShares JPX-Nikkei 400 96.4 48 -39 7.7 -0.4
EWJ iShares MSCI Japan 84.6 47 -38 7.7 -0.4
HFXJ IQ 50 Percent Hedged FTSE Japan 84.5 30 -21 7.8 -0.3
BBJP JPMorgan BetaBuilders Japan 84.4 19 -10 8.0 -0.2
QJPN SPDR MSCI Japan Quality Mix 84.3 14 -5 8.1 -0.0
FLJP Franklin FTSE Japan 83.7 9 0 8.1 -0.0
DBJP Xtrackers MSCI Japan Hedged 83.1 45 -36 7.7 -0.4
FLJH Franklin FTSE Japan Hedged 83.0 9 0 8.0 -0.1
GSJY Goldman Sachs ActiveBeta Japan Equity 71.6 25 -16 7.8 -0.3
DXJ WisdomTree Japan Hedged Equity 55.4 48 -39 8.7 +0.6
IPAC iShares Core MSCI Pacific 54.8 9 0 7.5 -0.6
EWJE iShares MSCI Japan Equal Weighted 52.5 15 -6 7.3 -0.8
VPL Vanguard Pacific ETF 47.4 9 0 7.9 -0.2
EWJV iShares MSCI Japan Value 46.9 15 -6 10.2 +2.1
JPMV iShares MSCI Japan Min Volatility 46.2 30 -21 6.7 -1.4
RFAP First Trust Riverfront Dynamic Asia Pacific 41.9 83 -74 7.4 -0.8
SCIJ Global X Scientific Beta Japan 41.3 39 -30 7.0 -1.1
IVLU iShares MSCI Int'l Developed Value Factor 33.4 30 -21 10.5 +2.4
REFA Invesco International Revenue ETF 28.8 42 -33 8.9 +0.8
IQIN IQ 500 International 26.6 25 -16 8.5 +0.4

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Xtrackers Japan JPX-Nikkei 400 Equity
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 10.0 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 8.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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