WisdomTree Modern Tech Platforms Fund
ALTAR
Score™
1.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
67.5x P/Sales
ratio
4.5x
P/BV
ratio
5.5x Div.
yield
0.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The WisdomTree Modern Tech Platforms Fund seeks to track the investment results of mid and large-cap companies on a U.S. or European stock exchange that are generating substantial revenue from a modern platform business.

FUND BASICS
Category Global Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date May 21, 2019
Assets (mns) $2
Currency USD
Expense ratio 45 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Equal
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 75
Wgt avg mkt cap (mns) $134,416
Large cap (>$10bn) 70.1%
Mid cap ($2-10bn) 26.5%
Small cap (<$2bn) 3.0%
Developed mkts 88.8%
Emerging mkts 11.2%

TOP TEN HOLDINGS
TELADOC INC 3.7 %
PINDUODUO, INC. SPONSORED ADR CLAS 3.6 %
COUPA SOFTWARE, INC. 2.6 %
DELIVERY HERO SE 2.5 %
BILIBILI, INC. SPONSORED ADR CLASS 2.3 %
CHEGG INC 2.2 %
MARKETAXESS HOLDINGS INC 2.1 %
MERCADOLIBRE INC 2.1 %
ZILLOW GROUP, INC. CLASS A 2.0 %
APPLE INC 1.9 %
Total 25.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 60.1 %
CHINA 15.5 %
BRITAIN 5.5 %
GERMANY 4.9 %
JAPAN 3.2 %
NETHERLANDS 2.8 %
ARGENTINA 2.1 %
CANADA 1.3 %
INDIA 0.7 %
IRELAND 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 01)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- 0.0%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $29.55
30d moving avg. $27.18
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 2
Turnover 2.7%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $65,646

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the WisdomTree Modern Tech Platforms Fund ETF based on the alternatives' overlap in portfolio holdings with PLAT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PLAT Expense: 45 bp ALTAR Score™: 1.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PLAT
Ticker Fund
Name
Overlap1
vs PLAT
(%)
Expense
ratio
(bp)
Savings
vs PLAT
(bp)
ALTAR
Score™
(%)
ALTAR
vs PLAT
(%)
GIGE SoFi Gig Economy ETF 32.3 59 -14 -0.4 -1.9
OGIG O'Shares Global Internet Giants ETF 27.3 48 -3 0.6 -0.9
BUYZ Franklin Disruptive Commerce ETF 25.7 50 -5 -0.1 -1.5
PNQI Invesco NASDAQ Internet ETF 23.9 62 -17 1.3 -0.1
IBUY Amplify Online Retail ETF 23.7 65 -20 -1.5 -2.9
GBUY Goldman Sachs Motif New Age Consumer ETF 23.6 50 -5 2.4 +0.9
XITK SPDR FactSet Innovative Technology ETF 22.2 45 0 0.5 -0.9
MILN Global X Millennials Thematic ETF 20.9 50 -5 3.3 +1.8
BLCN Reality Shares Nasdaq NextGen Economy ETF 19.6 68 -23 4.8 +3.4
ARKW ARK Web x.0 ETF 19.2 76 -31 -0.8 -2.2
ARKF ARK Fintech Innovation ETF 19.1 75 -30 1.1 -0.3
GVIP Goldman Sachs Hedge Industry VIP ETF 17.9 45 0 4.7 +3.3
GENY Principal Millennials Index ETF 17.5 45 0 4.5 +3.1
IETC iShares Evolved U.S. Technology ETF 17.2 18 27 4.2 +2.7
SOCL Global X Social Media ETF 16.6 65 -20 2.4 +0.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 16.6 86 -41 2.5 +1.1
FDN First Trust Dow Jones Internet Index Fund 16.4 52 -7 2.6 +1.2
XWEB SPDR S&P Internet ETF 16.4 35 10 1.3 -0.2
IGM iShares North American Tech ETF 16.1 46 -1 4.1 +2.7
TECB iShares US Tech Breakthrough Multisector ETF 16.1 40 5 4.1 +2.7
IRBO iShares Robotics & Artificial Intelligence ETF 15.8 47 -2 2.8 +1.4
SCHG Schwab U.S. Large-Cap Growth ETF 15.5 4 41 4.5 +3.0
RPG Invesco S&P 500 Pure Growth ETF 15.4 35 10 4.7 +3.3
VUG Vanguard Growth Index Fund 15.3 4 41 4.3 +2.9
JKE iShares Morningstar Large-Cap Growth ETF 15.1 25 20 3.6 +2.2
VONG Vanguard Russell 1000 Growth Index Fund 15.0 8 37 4.6 +3.1
VEGN US Vegan Climate ETF 15.0 60 -15 5.5 +4.1
IWF iShares Russell 1000 Growth ETF 15.0 19 26 4.5 +3.0
TTAC TrimTabs Float Shrink ETF 15.0 59 -14 3.7 +2.3
QGRO American Century STOXX U.S. Quality Growth ETF 15.0 29 16 3.2 +1.8
EBIZ Global X E-Commerce ETF 14.9 50 -5 3.2 +1.8
VOOG Vanguard S&P 500 Growth ETF 14.9 10 35 4.6 +3.1
SPYG SPDR Portfolio S&P 500 Growth ETF 14.9 4 41 4.6 +3.2
IVW iShares S&P 500 Growth ETF 14.9 18 27 4.5 +3.0
TMFC Motley Fool 100 Index ETF 14.9 50 -5 4.1 +2.7
MGK Vanguard Mega Cap Growth ETF 14.9 7 38 4.4 +3.0
IUSG iShares Core S&P US Growth ETF 14.8 4 41 4.6 +3.2
AIQ Global X Future Analytics Tech ETF 14.7 68 -23 4.3 +2.9
ECOZ TrueMark ESG Active Opportunities ETF 14.7 58 -13 4.7 +3.2
IWY iShares Russell Top 200 Growth ETF 14.7 20 25 4.4 +3.0
CACG ClearBridge All Cap Growth ETF 14.5 54 -9 4.7 +3.2
TTTN UP Fintech China-U.S. Internet Titans ETF 14.4 59 -14 5.2 +3.8
JOYY Infusive Compounding Global Equities ETF 14.4 50 -5 4.1 +2.6
KWEB KraneShares CSI China Internet ETF 14.3 76 -31 3.9 +2.5
FDMO Fidelity Momentum Factor ETF 14.2 29 16 4.0 +2.6
ESGV Vanguard ESG U.S. Stock ETF 14.2 12 33 5.6 +4.1
JMOM JPMorgan U.S. Momentum Factor ETF 14.2 12 33 4.1 +2.7
LEGR First Trust Index Digital Transaction & Process Technology E 14.2 65 -20 7.9 +6.5
SPXV ProShares S&P 500 Ex-Health Care ETF 14.1 27 18 5.4 +4.0
BLOK Amplify Transformational Data Sharing ETF 14.0 70 -25 5.6 +4.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 14.0 60 -15 4.7 +3.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 13.8 20 25 5.3 +3.9
IWL iShares Russell Top 200 ETF 13.8 15 30 5.4 +4.0
FQAL Fidelity Quality Factor ETF 13.8 29 16 5.7 +4.3
RFFC RiverFront Dynamic US Flex-Cap ETF 13.7 52 -7 5.9 +4.5
OEF iShares S&P 100 ETF 13.7 20 25 5.1 +3.7
MGC Vanguard Mega Cap Index Fund 13.6 7 38 5.6 +4.1
PBP Invesco S&P 500 BuyWrite ETF 13.6 49 -4 5.3 +3.9
AIEQ AI Powered Equity ETF 13.6 87 -42 3.6 +2.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 13.6 60 -15 4.4 +3.0
ESGU iShares MSCI USA ESG Optimized ETF 13.5 15 30 5.4 +4.0
HSPX Global X S&P 500 Covered Call ETF 13.5 65 -20 5.2 +3.8
VV Vanguard Large-Cap Index Fund 13.5 4 41 5.6 +4.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 13.5 35 10 4.7 +3.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 13.5 20 25 5.8 +4.3
SPXE ProShares S&P 500 Ex-Energy ETF 13.5 27 18 5.7 +4.3
CATH Global X S&P 500 Catholic Values Custom ETF 13.5 29 16 5.6 +4.2
EXT WisdomTree U.S. Total Earnings Fund 13.4 28 17 6.1 +4.7
PBUS Invesco PureBeta MSCI USA ETF 13.4 4 41 5.7 +4.3
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 13.4 29 16 4.5 +3.1
PGJ Invesco Golden Dragon China ETF 13.4 70 -25 3.8 +2.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 13.3 2 43 5.7 +4.3
XLG Invesco S&P 500 Top 50 ETF 13.3 20 25 4.8 +3.4
IWB iShares Russell 1000 ETF 13.3 15 30 5.6 +4.2
FXL First Trust Technology AlphaDEX Fund 13.3 61 -16 3.5 +2.1
SFY SoFi Select 500 ETF 13.3 0 45 5.6 +4.2
SPLG SPDR Portfolio Large Cap ETF 13.3 3 42 5.8 +4.4
SPY SPDR S&P 500 ETF Trust 13.3 9 36 5.7 +4.3
IVV iShares Core S&P 500 ETF 13.3 4 41 5.8 +4.3
VONE Vanguard Russell 1000 ETF 13.3 8 37 5.7 +4.2
LRGE ClearBridge Large Cap Growth ESG ETF 13.3 60 -15 4.1 +2.7
VOO VANGUARD S&P 500 ETF 13.3 3 42 5.8 +4.4
SCHK Schwab 1000 Index ETF 13.2 5 40 5.7 +4.2
SCHX Schwab U.S. Large-Cap ETF 13.2 3 42 5.7 +4.3
IYY iShares Dow Jones U.S. ETF 13.2 20 25 5.6 +4.1
VTI Vanguard Total Stock Market Index Fund 13.1 3 42 5.6 +4.1
QLC FlexShares US Quality Large Cap Index Fund 13.1 32 13 5.9 +4.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 13.1 75 -30 3.9 +2.5
IWV iShares Russell 3000 ETF 13.1 20 25 5.4 +4.0
VTHR Vanguard Russell 3000 Index Fund 13.1 10 35 5.5 +4.1
SCHB Schwab U.S. Broad Market ETF 13.0 3 42 5.6 +4.2
SNPE Xtrackers S&P 500 ESG ETF 13.0 11 34 5.4 +4.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 13.0 3 42 5.6 +4.1
JQUA JPMorgan U.S. Quality Factor ETF 13.0 12 33 5.5 +4.1
SPXN ProShares S&P 500 Ex-Financials ETF 13.0 27 18 5.3 +3.9
SPTM SPDR Portfolio Total Stock Market ETF 12.9 3 42 5.9 +4.5
IQSU IQ Candriam ESG US Equity ETF 12.9 9 36 5.5 +4.1
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 12.7 21 24 3.3 +1.9
BVAL Brand Value ETF 12.7 65 -20 6.6 +5.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 12.6 15 30 6.7 +5.3

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:
WisdomTree Modern Tech Platforms Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.7 %
Divided by: Fwd. P/BV 5.2 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 1.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 CATEGORY
AVERAGE
1.51
 
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.