Xtrackers Japan JPX-Nikkei 400 Equity ETF
ALTAR
Score™		 7.4% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 22.6x P/Sales
ratio		 0.9x
P/BV
ratio		 1.3x Div.
yield		 2.2%


  • 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) $15
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 393
Wgt avg mkt cap (mns) $35,724
Large cap (>$10bn) 73.1%
Mid cap ($2-10bn) 24.9%
Small cap (<$2bn) 1.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
KEYENCE CORP 2.0 %
NINTENDO CO LTD 2.0 %
SOFTBANK GROUP CORP. 1.9 %
SONY CORP 1.9 %
RECRUIT HOLDINGS CO LTD 1.7 %
NTT DOCOMO, INC. 1.5 %
TOYOTA MOTOR CORP 1.5 %
DAIKIN INDUSTRIES LTD 1.4 %
HOYA CORP 1.4 %
NIDEC CORP 1.4 %
Total 16.4 %

TOP COUNTRY EXPOSURE
JAPAN 97.4 %










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.
1.5% 7.6% 6.6% -- 4.1%

Market Correlations
versus... Beta R-squared
S&P500 0.66 64%
MSCI EAFE 0.77 72%
MSCI Emg. Mkts. 0.49 46%

Technical Indicators
Recent close $29.06
30d moving avg. $28.99
Annualized volatility 14.7%
Short interest (ETF) 0.7%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 5
Turnover 1.0%
Bid/Ask (% of price) 0.42%
ADV underlying (mns) $15,866

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Xtrackers Japan JPX-Nikkei 400 Equity ETF 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™: 7.4%


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 ETF 95.3 48 -39 7.0 -0.4
BBJP JPMorgan BetaBuilders Japan ETF 84.3 19 -10 7.2 -0.2
EWJ iShares MSCI Japan ETF 84.3 49 -40 6.9 -0.5
QJPN SPDR MSCI Japan StrategicFactors ETF 84.2 14 -5 7.5 +0.1
FLJP Franklin FTSE Japan ETF 83.3 9 0 7.4 -0.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 83.2 45 -36 7.0 -0.4
FLJH Franklin FTSE Japan Hedged ETF 82.8 9 0 7.3 -0.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 73.8 25 -16 7.1 -0.3
IPAC iShares Core MSCI Pacific ETF 55.3 9 0 7.1 -0.3
DXJ WisdomTree Japan Hedged Equity Fund 54.9 48 -39 7.9 +0.5
EWJE iShares MSCI Japan Equal Weighted ETF 51.5 15 -6 7.1 -0.3
EWJV iShares MSCI Japan Value ETF 46.4 15 -6 9.2 +1.8
VPL Vanguard FTSE Pacific ETF 45.8 8 1 7.3 -0.1
JPMV iShares Edge MSCI Min Vol Japan ETF 45.6 30 -21 0.0 -7.4
SCIJ Global X Scientific Beta Japan ETF 43.4 40 -31 0.0 -7.4
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 32.7 35 -26 6.8 -0.6
IVLU iShares Edge MSCI Intl Value Factor ETF 32.2 30 -21 11.7 +4.3
DMXF iShares ESG Advanced MSCI EAFE ETF 30.0 12 -3 6.9 -0.5
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 29.3 83 -74 5.4 -2.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 25.9 29 -20 7.8 +0.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 25.2 14 -5 7.0 -0.4
RBIN Nationwide Risk-Based International Equity ETF 24.8 42 -33 6.1 -1.3
IDMO Invesco S&P International Developed Momentum ETF 24.8 26 -17 4.0 -3.4
EFG iShares MSCI EAFE Growth ETF 24.5 40 -31 4.5 -2.9
GSID Goldman Sachs MarketBeta International Equity ETF 24.3 20 -11 7.3 -0.1
IDY Pacific Global International Equity Income ETF 24.3 39 -30 8.2 +0.8
IDHQ Invesco S&P International Developed Quality ETF 24.2 29 -20 5.1 -2.3
HFXI IQ 50 Percent Hedged FTSE International ETF 23.8 20 -11 7.5 +0.1
JHMD John Hancock Multifactor Developed International ETF 23.8 39 -30 7.3 -0.1
RESD WisdomTree International ESG Fund 23.7 30 -21 6.8 -0.6
ISZE iShares Edge MSCI Intl Size Factor ETF 23.6 30 -21 7.2 -0.2
ESGD iShares MSCI EAFE ESG Optimized ETF 23.4 20 -11 6.9 -0.5
IQIN IQ 500 International ETF 23.3 25 -16 8.7 +1.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 23.3 20 -11 7.1 -0.3
EFA iShares MSCI EAFE ETF 23.2 32 -23 7.1 -0.4
BKIE BNY Mellon International Equity ETF 23.0 4 5 7.5 +0.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 23.0 35 -26 6.9 -0.5
IMTM iShares Edge MSCI Intl Momentum Factor ETF 22.9 30 -21 4.4 -3.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 22.4 7 2 7.5 +0.1
IQSI IQ Candriam ESG International Equity ETF 22.3 15 -6 7.4 +0.0
QEFA SPDR MSCI EAFE Quality Mix ETF 22.2 30 -21 6.8 -0.6
DIM WisdomTree International MidCap Dividend Fund 21.9 58 -49 7.5 +0.1
FNDF Schwab Fundamental International Large Co. Index ETF 21.7 25 -16 8.8 +1.4
FJP First Trust Japan AlphaDEX Fund 21.5 80 -71 8.6 +1.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 21.5 39 -30 6.6 -0.8
EFV iShares MSCI EAFE Value ETF 21.4 39 -30 9.8 +2.4
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 21.1 24 -15 6.9 -0.5
IEFA iShares Core MSCI EAFE ETF 21.1 7 2 7.3 -0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 20.8 35 -26 8.7 +1.3
IDLV Invesco S&P International Developed Low Volatility ETF 20.6 25 -16 6.5 -0.9
SCHF Schwab International Equity ETF 20.5 6 3 7.3 -0.2
SPDW SPDR Portfolio Developed World ex-US ETF 20.0 4 5 7.1 -0.3
DWM WisdomTree International Equity Fund 19.9 48 -39 8.5 +1.1
PDEV Principal International Multi-Factor Core Index ETF 19.5 25 -16 7.9 +0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 18.9 25 -16 6.6 -0.8
QINT American Century Quality Diversified International ETF 18.8 39 -30 6.1 -1.3
IDEV iShares Core MSCI International Developed Markets ETF 18.6 5 4 7.2 -0.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 18.6 45 -36 8.9 +1.5
VEA Vanguard FTSE Developed Markets ETF 18.3 5 4 7.4 -0.1
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 18.2 45 -36 7.0 -0.4
CIL VictoryShares International Volatility Weighted Index ETF 18.2 45 -36 6.9 -0.5
VSGX Vanguard ESG International Stock ETF 18.0 17 -8 7.0 -0.4
NUDM Nuveen ESG International Developed Markets Equity ETF 17.8 40 -31 6.8 -0.6
UIVM VictoryShares USAA MSCI International Value Momentum ETF 17.5 35 -26 8.6 +1.2
TPIF Timothy Plan International ETF 17.5 62 -53 6.3 -1.1
ISDX Invesco Strategic Developed ex-US ETF 17.4 23 -14 7.4 +0.0
EFAV iShares Edge MSCI Min Vol EAFE ETF 17.2 20 -11 5.4 -2.0
DOL WisdomTree International LargeCap Dividend Fund 17.1 48 -39 8.9 +1.5
JPIN JPMorgan Diversified Return International Equity ETF 16.8 37 -28 7.8 +0.4
IDLB Invesco FTSE International Low Beta Equal Weight ETF 16.5 45 -36 6.5 -0.9
DWMF WisdomTree International Multifactor Fund 16.2 38 -29 6.3 -1.2
IQDG WisdomTree International Quality Dividend Growth Fund 16.2 42 -33 6.2 -1.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 16.1 58 -49 6.1 -1.3
FIVA Fidelity International Value Factor ETF 16.0 39 -30 10.0 +2.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 15.4 32 -23 6.1 -1.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 15.4 16 -7 6.9 -0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 15.1 39 -30 8.3 +0.9
ESGN Columbia Sustainable International Equity Income ETF 15.1 45 -36 11.0 +3.6
VGFO Virtus WMC Global Factor Opportunities ETF 15.0 49 -40 8.2 +0.8
VEU Vanguard FTSE All-World ex-US Index Fund 14.9 8 1 7.5 +0.1
CWI SPDR MSCI ACWI ex-US ETF 14.9 30 -21 7.2 -0.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 14.8 30 -21 6.0 -1.4
ACWX iShares MSCI ACWI ex U.S. ETF 14.8 32 -23 7.2 -0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 14.7 40 -31 7.0 -0.4
AVDE Avantis International Equity ETF 14.6 23 -14 7.6 +0.2
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 14.4 80 -71 6.6 -0.8
EXI iShares Global Industrials ETF 14.1 46 -37 5.4 -2.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 13.5 29 -20 7.7 +0.3
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 13.3 61 -52 5.1 -2.3
IXUS ishares Core MSCI Total International Stock ETF 13.3 9 0 7.3 -0.1
IGRO iShares International Dividend Growth ETF 13.2 22 -13 8.4 +1.0
KLDW Gavekal Knowledge Leaders Developed World ETF 13.1 75 -66 4.9 -2.5
FDEV Fidelity Targeted International Factor ETF 12.9 39 -30 6.5 -0.9
VXUS Vanguard Total International Stock Index Fund 12.6 8 1 7.5 +0.1
DTH WisdomTree DEFA Equity Income Fund 12.6 58 -49 10.1 +2.7
FDT First Trust Developed Markets ex-US Alphadex Fund 12.4 80 -71 7.3 -0.1
VYMI Vanguard International High Dividend Yield ETF 11.9 27 -18 10.1 +2.7
RFDI First Trust Riverfront Dynamic Developed International ETF 11.9 83 -74 5.7 -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 Japan JPX-Nikkei 400 Equity ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.4 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.55 CATEGORY
AVERAGE		 1.57
 
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.