WisdomTree U.S. Multifactor Fund
ALTAR
Score™
5.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
19.3x P/Sales
ratio
1.7x
P/BV
ratio
3.2x Div.
yield
1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The WisdomTree US Multifactor ETF tracks an index of 200 US-listed equities. Stocks are selected and weighted by a combination of investment factors.

FUND BASICS
Category US Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date Jun 29, 2017
Assets (mns) $134
Currency USD
Expense ratio 28 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 200
Wgt avg mkt cap (mns) $60,313
Large cap (>$10bn) 60.4%
Mid cap ($2-10bn) 39.1%
Small cap (<$2bn) 0.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PROGRESSIVE CORP 1.3 %
MORNINGSTAR INC 1.2 %
CBOE HOLDINGS INC 1.1 %
ELECTRONIC ARTS INC 1.1 %
ALLSTATE CORP 1.1 %
ACTIVISION BLIZZARD INC 1.0 %
CHARTER COMMUNICATIONS, INC. CLASS 1.0 %
TAKE-TWO INTERACTIVE SOFTWRE 1.0 %
VERIZON COMMUNICATIONS INC 1.0 %
MARKETAXESS HOLDINGS INC 1.0 %
Total 10.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.7 %










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.
2.8% 10.0% -- -- 10.3%

Market Correlations
versus... Beta R-squared
S&P500 0.99 93%
MSCI EAFE 1.01 83%
MSCI Emg. Mkts. 0.72 67%

Technical Indicators
Recent close $30.78
30d moving avg. $31.68
Annualized volatility 17.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.3%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $3,601

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: USMF Expense: 28 bp ALTAR Score™: 5.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH USMF
Ticker Fund
Name
Overlap1
vs USMF
(%)
Expense
ratio
(bp)
Savings
vs USMF
(bp)
ALTAR
Score™
(%)
ALTAR
vs USMF
(%)
ROUS Hartford Multifactor US Equity ETF 37.7 19 9 6.6 +0.8
RBUS Nationwide Risk-Based U.S. Equity ETF 36.7 30 -2 4.7 -1.2
EXT WisdomTree U.S. Total Earnings Fund 36.0 28 0 6.1 +0.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 34.0 17 11 6.6 +0.8
AFLG First Trust Active Factor Large Cap ETF 31.2 55 -27 6.4 +0.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 30.6 75 -47 4.2 -1.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 30.6 17 11 6.5 +0.7
FVL First Trust Value Line 100 Exchange-Traded Fund 30.4 70 -42 5.4 -0.4
ONEO SPDR Russell 1000 Momentum Focus ETF 30.2 20 8 6.6 +0.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 29.9 20 8 7.7 +1.9
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 28.7 35 -7 5.5 -0.3
SCIU Global X Scientific Beta US ETF 28.6 19 9 6.0 +0.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 28.1 35 -7 5.9 +0.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 27.7 35 -7 5.9 +0.1
FEX First Trust Large Cap Core AlphaDEX Fund 27.5 60 -32 6.1 +0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 27.3 9 19 6.2 +0.4
QGRO American Century STOXX U.S. Quality Growth ETF 26.6 29 -1 3.9 -2.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 26.3 20 8 7.1 +1.3
TPLC Timothy Plan US Large Cap Core ETF 26.2 52 -24 5.5 -0.4
VALQ American Century STOXX U.S. Quality Value ETF 25.6 29 -1 9.2 +3.4
MXDU Nationwide Maximum Diversification US Core Equity ETF 25.4 34 -6 5.0 -0.9
VFMF Vanguard U.S. Multifactor ETF 25.3 19 9 7.7 +1.9
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 24.5 25 3 5.9 +0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 24.4 30 -2 6.7 +0.9
SIZE iShares Edge MSCI USA Size Factor ETF 24.4 15 13 6.2 +0.4
VUSE Vident Core US Equity Fund 24.3 48 -20 9.2 +3.4
SPLV Invesco S&P 500 Low Volatility ETF 24.3 25 3 5.5 -0.3
ALTL Pacer Lunt Large Cap Alternator ETF 24.3 60 -32 5.2 -0.7
FTC First Trust Large Cap Growth AlphaDEX Fund 24.3 61 -33 2.9 -2.9
JHMM John Hancock Multifactor Mid Cap ETF 24.2 42 -14 5.8 -0.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 24.2 18 10 6.3 +0.5
RSP Invesco S&P 500 Equal Weight ETF 23.7 20 8 6.7 +0.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 23.7 9 19 6.1 +0.3
DEF Invesco Defensive Equity ETF 23.6 55 -27 5.3 -0.5
TUSA First Trust Total US Market AlphaDEX ETF 23.0 70 -42 6.2 +0.4
FLQL Franklin LibertyQ U.S. Equity ETF 23.0 15 13 6.3 +0.5
IWP iShares Russell Mid-Cap Growth ETF 23.0 24 4 3.0 -2.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 22.7 66 -38 2.5 -3.3
LRGF iShares Edge MSCI Multifactor USA ETF 22.6 20 8 7.8 +2.0
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 22.4 30 -2 5.8 -0.1
JHML John Hancock Multifactor Large Cap ETF 22.4 29 -1 6.0 +0.2
VFMO Vanguard U.S. Momentum Factor ETF 22.3 13 15 0.9 -5.0
ACWF iShares FactorSelect MSCI Global ETF 22.1 35 -7 8.2 +2.3
EUSA iShares MSCI USA Equal Weighted ETF 22.1 15 13 6.3 +0.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 22.1 29 -1 7.0 +1.2
JQUA JPMorgan U.S. Quality Factor ETF 22.0 12 16 5.7 -0.2
FCPI Fidelity Stocks for Inflation ETF 21.8 29 -1 6.9 +1.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 21.7 24 4 6.3 +0.4
FDMO Fidelity Momentum Factor ETF 21.5 29 -1 4.2 -1.7
SCHM Schwab U.S. Mid-Cap ETF 21.5 4 24 6.3 +0.5
VFMV Vanguard U.S. Minimum Volatility ETF 21.5 13 15 4.4 -1.4
RNLC Large Cap US Equity Select ETF 21.4 60 -32 6.5 +0.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 21.4 4 24 5.6 -0.2
JMIN JPMorgan U.S. Minimum Volatility ETF 21.4 12 16 5.6 -0.3
USMV iShares Edge MSCI Min Vol USA ETF 21.4 15 13 5.6 -0.3
SFY SoFi Select 500 ETF 21.3 0 28 5.6 -0.2
JMOM JPMorgan U.S. Momentum Factor ETF 21.3 12 16 4.0 -1.9
AVUS Avantis U.S. Equity ETF 21.1 15 13 6.2 +0.4
JKH iShares Morningstar Mid-Cap Growth ETF 21.1 30 -2 2.3 -3.6
QLC FlexShares US Quality Large Cap Index Fund 21.1 32 -4 6.0 +0.2
GBLO Global Beta Low Beta ETF 21.1 29 -1 7.0 +1.1
BFOR Barron's 400 ETF 21.0 65 -37 6.5 +0.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 21.0 29 -1 6.4 +0.5
AIEQ AI Powered Equity ETF 20.8 87 -59 2.8 -3.0
ESGV Vanguard ESG U.S. Stock ETF 20.8 12 16 5.9 +0.1
KRMA Global X Conscious Companies ETF 20.7 43 -15 5.9 +0.0
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 20.7 25 3 7.8 +2.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 20.4 12 16 6.2 +0.4
ETHO Etho Climate Leadership U.S. ETF 20.3 47 -19 4.6 -1.3
AFMC First Trust Active Factor Mid Cap ETF 20.2 65 -37 6.6 +0.8
IUS Invesco Strategic US ETF 20.1 19 9 7.1 +1.3
IWB iShares Russell 1000 ETF 20.1 15 13 5.7 -0.1
XSW SPDR S&P Software & Services ETF 20.1 35 -7 4.1 -1.8
EQAL Invesco Russell 1000 Equal Weight ETF 20.0 20 8 5.8 -0.1
IWR iShares Russell Midcap ETF 19.9 19 9 5.7 -0.1
SCHK Schwab 1000 Index ETF 19.9 5 23 5.9 +0.1
IYY iShares Dow Jones U.S. ETF 19.9 20 8 5.8 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 19.9 27 1 5.8 -0.0
VONE Vanguard Russell 1000 ETF 19.9 8 20 5.8 -0.0
PBUS Invesco PureBeta MSCI USA ETF 19.8 4 24 6.0 +0.1
VTHR Vanguard Russell 3000 Index Fund 19.8 10 18 5.7 -0.2
SCHX Schwab U.S. Large-Cap ETF 19.7 3 25 5.9 +0.1
IWV iShares Russell 3000 ETF 19.6 20 8 5.6 -0.3
MTUM iShares Edge MSCI USA Momentum Factor ETF 19.5 15 13 5.1 -0.7
SCHB Schwab U.S. Broad Market ETF 19.5 3 25 5.8 -0.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 19.5 3 25 5.8 -0.1
RPG Invesco S&P 500 Pure Growth ETF 19.4 35 -7 4.7 -1.2
VO Vanguard Mid-Cap Index Fund 19.3 4 24 5.3 -0.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 19.3 7 21 6.0 +0.2
SPTM SPDR Portfolio Total Stock Market ETF 19.3 3 25 6.2 +0.4
QUS SPDR MSCI USA StrategicFactors ETF 19.2 15 13 6.2 +0.4
SPXE ProShares S&P 500 Ex-Energy ETF 19.1 27 1 6.1 +0.2
XYLG Global X S&P 500 Covered Call & Growth ETF 19.1 60 -32 5.7 -0.2
VV Vanguard Large-Cap Index Fund 19.1 4 24 5.9 +0.1
SPY SPDR S&P 500 ETF Trust 19.1 9 19 6.1 +0.2
PBP Invesco S&P 500 BuyWrite ETF 19.1 49 -21 5.7 -0.2
EPS WisdomTree U.S. Earnings 500 Fund 19.1 8 20 7.2 +1.4
VTI Vanguard Total Stock Market Index Fund 19.0 3 25 5.7 -0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 19.0 20 8 6.1 +0.3
SPLG SPDR Portfolio Large Cap ETF 19.0 3 25 6.1 +0.3

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 U.S. Multifactor Fund
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 17.9 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 28 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.