WisdomTree Modern Tech Platforms Fund
ALTAR
Score™
1.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
73.3x P/Sales
ratio
6.1x
P/BV
ratio
6.7x Div.
yield
0.3%


  • 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 22, 2019
Assets (mns) $5
Currency USD
Expense ratio 20 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 51
Wgt avg mkt cap (mns) $477,258
Large cap (>$10bn) 77.9%
Mid cap ($2-10bn) 17.9%
Small cap (<$2bn) 1.6%
Developed mkts 95.3%
Emerging mkts 4.7%

TOP TEN HOLDINGS
MICROSOFT CORP 8.6 %
AMAZON.COM INC 8.6 %
ALPHABET INC. CLASS A 8.1 %
FACEBOOK 7.2 %
VISA INC-CLASS A SHARES 4.5 %
MASTERCARD INC-CLASS A 3.5 %
SALESFORCE.COM INC 3.1 %
PAYPAL HOLDINGS INC 2.9 %
ALIBABA GROUP HOLDING LTD. 2.1 %
PINTEREST, INC. CLASS A 1.9 %
Total 50.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 87.5 %
CHINA 5.2 %
BRITAIN 2.4 %
GERMANY 1.6 %
ARGENTINA 1.0 %
NETHERLANDS 1.0 %
CANADA 1.0 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
65.2% -- -- -- 65.2%

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

Technical Indicators
Recent close $35.83
30d moving avg. $36.71
Annualized volatility 0.0%
Short interest (ETF) 22.4%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 3
Turnover 2.0%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $6,042

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: 20 bp ALTAR Score™: 1.8%


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
(%)
IGM iShares Expanded Tech Sector ETF 38.6 46 -26 5.3 +3.5
IETC iShares Evolved U.S. Technology ETF 36.2 18 2 5.9 +4.1
FDN First Trust Dow Jones Internet Index Fund 34.8 52 -32 2.1 +0.3
MGK Vanguard Mega Cap Growth ETF 34.3 7 13 6.2 +4.3
OGIG O'Shares Global Internet Giants ETF 33.4 48 -28 0.8 -1.1
IWY iShares Russell Top 200 Growth ETF 33.0 20 0 6.1 +4.3
GBGR Global Beta Momentum-Growth ETF 31.8 29 -9 4.4 +2.5
TMFC Motley Fool 100 Index ETF 31.8 50 -30 5.2 +3.4
JKE iShares Morningstar Large-Cap Growth ETF 31.4 25 -5 2.8 +1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 31.3 60 -40 5.4 +3.6
PNQI Invesco NASDAQ Internet ETF 31.2 60 -40 1.0 -0.8
IWF iShares Russell 1000 Growth ETF 31.1 19 1 5.6 +3.7
XLG Invesco S&P 500 Top 50 ETF 31.0 20 0 5.9 +4.1
MMLG First Trust Multi-Manager Large Growth ETF 31.0 85 -65 2.6 +0.7
VOOG Vanguard S&P 500 Growth ETF 30.8 10 10 5.8 +4.0
VUG Vanguard Growth Index Fund 30.5 4 16 5.6 +3.8
VONG Vanguard Russell 1000 Growth Index Fund 30.4 8 12 5.7 +3.9
IVW iShares S&P 500 Growth ETF 30.2 18 2 5.7 +3.9
LRGE ClearBridge Large Cap Growth ESG ETF 30.0 59 -39 4.5 +2.7
SPYG SPDR Portfolio S&P 500 Growth ETF 29.9 4 16 5.9 +4.0
IUSG iShares Core S&P US Growth ETF 29.2 4 16 5.8 +4.0
HIPR Direxion High Growth ETF 29.0 40 -20 6.9 +5.0
TECB iShares US Tech Breakthrough Multisector ETF 28.6 40 -20 4.8 +2.9
ENTR Entrepreneur 30 Fund 28.4 49 -29 1.3 -0.5
QYLD Global X NASDAQ 100 Covered Call ETF 28.2 60 -40 5.5 +3.6
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 28.2 60 -40 5.4 +3.6
QQQ Invesco QQQ Trust 28.2 20 0 5.8 +4.0
NUSI Nationwide Risk-Managed Income ETF 28.0 68 -48 5.5 +3.6
OEF iShares S&P 100 ETF 27.9 20 0 5.9 +4.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 27.5 21 -1 3.5 +1.7
BUYZ Franklin Disruptive Commerce ETF 26.9 50 -30 -0.2 -2.0
SCHG Schwab U.S. Large-Cap Growth ETF 26.6 4 16 5.5 +3.7
JOYY Infusive Compounding Global Equities ETF 26.0 50 -30 6.2 +4.3
TTTN UP Fintech China-U.S. Internet Titans ETF 25.1 59 -39 4.3 +2.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 24.6 12 8 6.2 +4.4
GIGE SoFi Gig Economy ETF 24.6 59 -39 -0.7 -2.5
MILN Global X Millennials Thematic ETF 24.2 50 -30 2.8 +1.0
VEGN US Vegan Climate ETF 23.7 60 -40 5.8 +3.9
DSI iShares MSCI KLD 400 Social ETF 23.7 25 -5 5.1 +3.3
GVIP Goldman Sachs Hedge Industry VIP ETF 23.5 45 -25 4.0 +2.1
KOIN Innovation Shares NextGen Protocol ETF 23.3 95 -75 4.1 +2.3
FDG American Century Focused Dynamic Growth ETF 23.3 45 -25 1.7 -0.2
LCG Sterling Capital Focus Equity ETF 23.0 59 -39 2.5 +0.7
SNPE Xtrackers S&P 500 ESG ETF 22.9 10 10 6.0 +4.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 22.9 12 8 5.1 +3.2
SFYF SoFi 50 ETF 22.8 29 -9 2.7 +0.9
STLG iShares Factors US Growth Style ETF 22.7 25 -5 6.1 +4.3
IWL iShares Russell Top 200 ETF 22.5 15 5 5.8 +4.0
SPXV ProShares S&P 500 Ex-Health Care ETF 22.4 27 -7 5.8 +4.0
BKLC BNY Mellon US Large Cap Core Equity ETF 22.3 0 20 6.0 +4.2
XLK Technology Select Sector SPDR Fund 22.2 13 7 8.7 +6.9
CACG ClearBridge All Cap Growth ETF 22.2 54 -34 4.6 +2.8
IQSU IQ Candriam ESG US Equity ETF 21.9 9 11 6.2 +4.4
PWB Invesco Dynamic Large Cap Growth ETF 21.8 56 -36 3.7 +1.9
VOX Vanguard Telecommunication Services Index Fund 21.8 10 10 4.9 +3.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 21.8 75 -55 4.2 +2.3
ESGV Vanguard ESG U.S. Stock ETF 21.7 12 8 5.9 +4.1
SOCL Global X Social Media ETF 21.6 65 -45 1.8 0.0
MGC Vanguard Mega Cap Index Fund 21.5 7 13 6.0 +4.1
FCOM Fidelity MSCI Telecommunication Services Index ETF 21.3 8 12 5.1 +3.2
AIQ Global X Future Analytics Tech ETF 21.3 68 -48 4.2 +2.4
IYW iShares U.S. Technology ETF 21.2 43 -23 7.2 +5.4
SPXN ProShares S&P 500 Ex-Financials ETF 21.2 27 -7 5.8 +4.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 20.9 20 0 5.7 +3.9
FTEC Fidelity MSCI Information Technology Index ETF 20.9 8 12 8.0 +6.2
FDMO Fidelity Momentum Factor ETF 20.8 29 -9 4.2 +2.3
SYG SPDR MFS Systematic Growth Equity ETF 20.7 60 -40 5.4 +3.6
VGT Vanguard Information Technology Index Fund 20.6 10 10 8.0 +6.2
SPQQ Siren Large Cap Blend Index ETF 20.5 20 0 5.3 +3.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 20.4 15 5 7.1 +5.3
IOO iShares Global 100 ETF 20.3 40 -20 6.1 +4.2
WOMN Impact Shares YWCA Women's Empowerment ETF 19.8 75 -55 5.1 +3.3
GBUY Goldman Sachs Motif New Age Consumer ETF 19.8 50 -30 1.8 -0.1
NACP Impact Shares NAACP Minority Empowerment ETF 19.8 75 -55 5.7 +3.8
IXN iShares Global Tech ETF 19.8 46 -26 7.1 +5.3
SYE SPDR MFS Systematic Core Equity ETF 19.7 60 -40 6.6 +4.8
ADME Aptus Drawdown Managed Equity ETF 19.6 79 -59 4.3 +2.5
SUSL iShares ESG MSCI USA Leaders ETF 19.6 10 10 5.3 +3.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 19.6 10 10 5.3 +3.5
SPXE ProShares S&P 500 Ex-Energy ETF 19.4 27 -7 6.1 +4.2
XYLG Global X S&P 500 Covered Call & Growth ETF 19.3 60 -40 5.7 +3.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 19.3 20 0 6.1 +4.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 19.1 7 13 6.0 +4.2
SPY SPDR S&P 500 ETF Trust 19.1 9 11 6.1 +4.2
PBP Invesco S&P 500 BuyWrite ETF 19.1 49 -29 5.7 +3.8
CATH Global X S&P 500 Catholic Values Custom ETF 19.0 29 -9 5.9 +4.1
FVAL Fidelity Value Factor ETF 18.9 29 -9 8.6 +6.7
SPLG SPDR Portfolio Large Cap ETF 18.9 3 17 6.1 +4.3
HSPX Global X S&P 500 Covered Call ETF 18.9 60 -40 5.5 +3.7
ECOZ TrueMark ESG Active Opportunities ETF 18.8 58 -38 4.3 +2.4
VOO VANGUARD S&P 500 ETF 18.8 3 17 6.1 +4.3
IVV iShares Core S&P 500 ETF 18.8 3 17 6.1 +4.3
IBUY Amplify Online Retail ETF 18.8 65 -45 -1.2 -3.1
ESG FlexShares STOXX US ESG Impact Index Fund 18.7 32 -12 5.7 +3.9
ESGU iShares MSCI USA ESG Optimized ETF 18.7 15 5 5.8 +3.9
QUAL iShares MSCI Usa Quality Factor ETF 18.6 15 5 6.0 +4.1
EXT WisdomTree U.S. Total Earnings Fund 18.5 28 -8 6.1 +4.3
VV Vanguard Large-Cap Index Fund 18.4 4 16 5.9 +4.1
PBUS Invesco PureBeta MSCI USA ETF 18.4 4 16 6.0 +4.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 18.3 49 -29 5.7 +3.9

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 12.4 %
Divided by: Fwd. P/BV 6.1 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 1.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.33 CATEGORY
AVERAGE
1.50
 
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.