WisdomTree U.S. Multifactor Fund
ALTAR
Score™
5.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.0x P/Sales
ratio
1.8x
P/BV
ratio
3.5x 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) $147
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) $59,612
Large cap (>$10bn) 59.8%
Mid cap ($2-10bn) 39.2%
Small cap (<$2bn) 1.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MORNINGSTAR INC 1.5 %
PROGRESSIVE CORP 1.2 %
JONES LANG LASALLE INC 1.2 %
ALLSTATE CORP 1.1 %
MARKETAXESS HOLDINGS INC 1.1 %
CBRE GROUP INC 1.1 %
CBOE HOLDINGS INC 1.0 %
CHARTER COMMUNICATIONS, INC. CLASS 1.0 %
TAKE-TWO INTERACTIVE SOFTWRE 1.0 %
TYLER TECHNOLOGIES INC 1.0 %
Total 11.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.4 %
BRITAIN 0.0 %









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.
-2.7% 1.3% -- -- 8.0%

Market Correlations
versus... Beta R-squared
S&P500 0.98 94%
MSCI EAFE 1.01 82%
MSCI Emg. Mkts. 0.73 66%

Technical Indicators
Recent close $33.08
30d moving avg. $32.34
Annualized volatility 18.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.3%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $90,490

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 5.6%


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 35.4 19 9 6.2 +0.6
EXT WisdomTree U.S. Total Earnings Fund 35.1 28 0 5.3 -0.4
RBUS Nationwide Risk-Based U.S. Equity ETF 34.3 30 -2 4.8 -0.9
FVL First Trust Value Line 100 Exchange-Traded Fund 30.7 70 -42 4.9 -0.7
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 30.3 35 -7 5.4 -0.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 30.3 35 -7 5.4 -0.2
AFLG First Trust Active Factor Large Cap ETF 29.6 55 -27 5.0 -0.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 29.3 17 11 6.0 +0.4
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 28.7 20 8 7.2 +1.5
ONEO SPDR Russell 1000 Momentum Focus ETF 28.6 20 8 6.0 +0.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 28.2 17 11 6.4 +0.8
TPLC Timothy Plan US Large Cap Core ETF 27.8 52 -24 4.7 -0.9
FTC First Trust Large Cap Growth AlphaDEX Fund 27.3 61 -33 2.4 -3.2
BFOR Barron's 400 ETF 27.3 65 -37 6.2 +0.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 27.2 35 -7 5.2 -0.5
FEX First Trust Large Cap Core AlphaDEX Fund 27.1 60 -32 5.1 -0.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 26.7 9 19 5.3 -0.3
QGRO American Century STOXX U.S. Quality Growth ETF 25.8 29 -1 3.2 -2.5
VFMF Vanguard U.S. Multifactor ETF 25.5 19 9 6.7 +1.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 25.3 20 8 6.5 +0.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 25.2 75 -47 4.0 -1.6
STLC iShares Factors US Blend Style ETF 24.8 25 3 5.0 -0.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 24.6 66 -38 2.0 -3.6
VALQ American Century STOXX U.S. Quality Value ETF 24.6 29 -1 7.9 +2.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 24.5 30 -2 6.2 +0.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 24.4 29 -1 5.3 -0.3
JMOM JPMorgan U.S. Momentum Factor ETF 24.4 12 16 3.3 -2.4
MXDU Nationwide Maximum Diversification US Core Equity ETF 24.2 34 -6 4.5 -1.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 24.1 18 10 5.9 +0.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 23.8 24 4 5.7 +0.1
DEF Invesco Defensive Equity ETF 23.8 55 -27 5.1 -0.5
VUSE Vident Core US Equity Fund 23.8 48 -20 8.2 +2.6
JHMM John Hancock Multifactor Mid Cap ETF 23.7 42 -14 5.1 -0.5
JQUA JPMorgan U.S. Quality Factor ETF 23.5 12 16 5.2 -0.5
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 23.4 25 3 5.7 +0.1
KRMA Global X Conscious Companies ETF 23.1 43 -15 4.9 -0.7
SPLV Invesco S&P 500 Low Volatility ETF 22.8 25 3 5.5 -0.1
IWP iShares Russell Mid-Cap Growth ETF 22.4 24 4 2.9 -2.8
LRGF iShares Edge MSCI Multifactor USA ETF 22.2 20 8 6.9 +1.3
TUSA First Trust Total US Market AlphaDEX ETF 22.1 70 -42 5.5 -0.2
JHML John Hancock Multifactor Large Cap ETF 21.9 29 -1 5.2 -0.5
RSP Invesco S&P 500 Equal Weight ETF 21.8 20 8 6.0 +0.4
JMIN JPMorgan U.S. Minimum Volatility ETF 21.6 12 16 5.3 -0.3
FLQL Franklin LibertyQ U.S. Equity ETF 21.6 15 13 5.9 +0.3
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 21.5 30 -2 5.3 -0.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 21.4 9 19 5.5 -0.1
ESGV Vanguard ESG U.S. Stock ETF 21.4 12 16 4.8 -0.8
STMB iShares Factors US Mid Blend Style ETF 21.2 30 -2 5.3 -0.3
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 21.1 25 3 7.1 +1.5
GBLO Global Beta Low Beta ETF 20.9 29 -1 7.2 +1.6
FUNL CornerCap Fundametrics Large-Cap ETF 20.8 50 -22 7.5 +1.9
FCPI Fidelity Stocks for Inflation ETF 20.6 29 -1 6.2 +0.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 20.6 29 -1 6.3 +0.7
RNLC Large Cap US Equity Select ETF 20.6 60 -32 5.6 +0.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 20.5 4 24 4.9 -0.7
EUSA iShares MSCI USA Equal Weighted ETF 20.5 15 13 5.7 +0.0
SIZE iShares MSCI USA Size Factor ETF 20.5 15 13 5.6 -0.0
FDMO Fidelity Momentum Factor ETF 20.5 29 -1 3.2 -2.4
RPG Invesco S&P 500 Pure Growth ETF 20.4 35 -7 4.2 -1.4
VFMV Vanguard U.S. Minimum Volatility ETF 20.3 13 15 4.3 -1.3
XSW SPDR S&P Software & Services ETF 20.3 35 -7 4.2 -1.4
USMV iShares Edge MSCI Min Vol USA ETF 20.2 15 13 5.4 -0.3
SFY SoFi Select 500 ETF 20.1 0 28 4.8 -0.8
AFMC First Trust Active Factor Mid Cap ETF 20.0 65 -37 5.9 +0.3
AVUS Avantis U.S. Equity ETF 20.0 15 13 5.2 -0.4
QLC FlexShares US Quality Large Cap Index Fund 19.9 32 -4 4.9 -0.7
JKH iShares Morningstar Mid-Cap Growth ETF 19.9 30 -2 1.9 -3.7
SCHM Schwab U.S. Mid-Cap ETF 19.4 4 24 5.5 -0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 19.2 12 16 4.2 -1.4
VFMO Vanguard U.S. Momentum Factor ETF 19.1 13 15 0.3 -5.3
ETHO Etho Climate Leadership U.S. ETF 19.0 47 -19 4.1 -1.5
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 19.0 60 -32 6.0 +0.3
IYY iShares Dow Jones U.S. ETF 19.0 20 8 4.7 -0.9
SCHX Schwab U.S. Large-Cap ETF 19.0 3 25 4.9 -0.8
SCHK Schwab 1000 Index ETF 19.0 5 23 4.9 -0.7
IUS Invesco Strategic US ETF 18.9 19 9 5.9 +0.3
IWB iShares Russell 1000 ETF 18.9 15 13 4.8 -0.8
IWR iShares Russell Midcap ETF 18.9 19 9 5.1 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 18.9 27 1 4.7 -1.0
AIEQ AI Powered Equity ETF 18.8 87 -59 2.0 -3.6
VFQY Vanguard U.S. Quality Factor ETF 18.8 13 15 6.0 +0.4
VTHR Vanguard Russell 3000 Index Fund 18.7 10 18 4.7 -0.9
PBUS Invesco PureBeta MSCI USA ETF 18.7 4 24 4.9 -0.7
LSAF LeaderShares AlphaFactor US Core Equity ETF 18.6 75 -47 5.4 -0.3
MTUM iShares MSCI USA Momentum Factor ETF 18.6 15 13 4.1 -1.5
STLV iShares Factors US Value Style ETF 18.5 25 3 6.9 +1.3
FLRG Fidelity U.S. Multifactor ETF 18.4 29 -1 6.2 +0.6
JVAL JPMorgan U.S. Value Factor ETF 18.4 12 16 7.7 +2.1
HSPX Global X S&P 500 Covered Call ETF 18.4 60 -32 4.6 -1.0
SCHB Schwab U.S. Broad Market ETF 18.4 3 25 4.8 -0.8
IWV iShares Russell 3000 ETF 18.3 20 8 4.6 -1.0
PBP Invesco S&P 500 BuyWrite ETF 18.3 49 -21 4.7 -0.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 18.3 3 25 4.8 -0.9
RVRS Reverse Cap Weighted U.S. Large Cap ETF 18.3 29 -1 6.7 +1.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 18.3 2 26 4.9 -0.7
SPMO Invesco S&P 500 Momentum ETF 18.3 13 15 4.0 -1.7
XYLG Global X S&P 500 Covered Call & Growth ETF 18.2 60 -32 4.7 -1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 18.2 60 -32 3.9 -1.8
SPXE ProShares S&P 500 Ex-Energy ETF 18.2 27 1 5.0 -0.7

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:
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 18.0 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 28 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.