WisdomTree U.S. Multifactor Fund
ALTAR
Score™
5.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.6x P/Sales
ratio
1.7x
P/BV
ratio
3.1x Div.
yield
1.4%


  • 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) $132
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 201
Wgt avg mkt cap (mns) $61,225
Large cap (>$10bn) 64.4%
Mid cap ($2-10bn) 35.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PROGRESSIVE CORP 1.2 %
HOULIHAN LOKEY, INC. CLASS A 1.2 %
EQUITY COMMONWEALTH 1.1 %
BROWN & BROWN INC 1.1 %
ELECTRONIC ARTS INC 1.0 %
CBOE HOLDINGS INC 1.0 %
MARKETAXESS HOLDINGS INC 1.0 %
EBAY INC 1.0 %
TAKE-TWO INTERACTIVE SOFTWRE 0.9 %
AMAZON.COM INC 0.9 %
Total 10.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.5% 1.2% -- -- 7.9%

Market Correlations
versus... Beta R-squared
S&P500 1.01 94%
MSCI EAFE 1.01 82%
MSCI Emg. Mkts. 0.72 65%

Technical Indicators
Recent close $30.07
30d moving avg. $29.79
Annualized volatility 17.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.5%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $116,616

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™: 5.5%


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
(%)
RBUS Nationwide Risk-Based U.S. Equity ETF 40.5 30 -2 5.0 -0.4
EXT WisdomTree U.S. Total Earnings Fund 36.9 28 0 5.2 -0.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 36.0 17 11 6.6 +1.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 33.6 17 11 6.5 +1.0
ONEO SPDR Russell 1000 Momentum Focus ETF 32.6 20 8 6.6 +1.1
SCIU Global X Scientific Beta US ETF 32.3 19 9 5.8 +0.4
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 32.0 35 -7 5.4 -0.0
AFLG First Trust Active Factor Large Cap ETF 30.6 55 -27 5.6 +0.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 30.6 35 -7 6.0 +0.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 29.7 20 8 7.2 +1.8
TPLC Timothy Plan US Large Cap Core ETF 28.9 52 -24 5.6 +0.1
ROUS Hartford Multifactor US Equity ETF 28.4 19 9 7.5 +2.0
FEX First Trust Large Cap Core AlphaDEX Fund 28.3 60 -32 6.1 +0.6
MXDU Nationwide Maximum Diversification US Core Equity ETF 28.1 34 -6 4.8 -0.6
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 28.1 20 8 7.8 +2.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 28.0 18 10 6.4 +0.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 27.9 75 -47 3.7 -1.7
FTC First Trust Large Cap Growth AlphaDEX Fund 27.4 61 -33 2.8 -2.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 26.8 9 19 5.5 +0.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 26.8 24 4 6.4 +0.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 26.3 9 19 6.0 +0.5
JHMM John Hancock Multifactor Mid Cap ETF 25.8 42 -14 5.9 +0.4
QGRO American Century STOXX U.S. Quality Growth ETF 25.4 29 -1 3.1 -2.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 25.4 30 -2 6.6 +1.1
RSP Invesco S&P 500 Equal Weight ETF 24.9 20 8 6.9 +1.4
LRGF iShares Edge MSCI Multifactor USA ETF 24.9 20 8 7.4 +2.0
DEF Invesco Defensive Equity ETF 24.9 55 -27 5.1 -0.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 24.8 29 -1 6.9 +1.4
USMV iShares Edge MSCI Min Vol USA ETF 24.4 15 13 5.6 +0.1
SPLV Invesco S&P 500 Low Volatility ETF 24.4 25 3 5.7 +0.3
VALQ American Century STOXX U.S. Quality Value ETF 24.3 29 -1 9.4 +3.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 24.2 66 -38 2.5 -3.0
IWP iShares Russell Mid-Cap Growth ETF 24.2 24 4 4.0 -1.4
JHML John Hancock Multifactor Large Cap ETF 24.1 29 -1 5.6 +0.1
BFOR Barron's 400 ETF 24.1 65 -37 6.5 +1.0
TUSA First Trust Total US Market AlphaDEX ETF 24.0 70 -42 6.1 +0.6
VFMO Vanguard U.S. Momentum Factor ETF 23.8 13 15 1.1 -4.4
FVL First Trust Value Line 100 Exchange-Traded Fund 23.8 70 -42 5.2 -0.3
JQUA JPMorgan U.S. Quality Factor ETF 23.8 12 16 5.3 -0.2
SCHM Schwab U.S. Mid-Cap ETF 23.8 4 24 6.4 +0.9
EUSA iShares MSCI USA Equal Weighted ETF 23.5 15 13 6.4 +0.9
RNLC Large Cap US Equity Select ETF 23.5 60 -32 6.3 +0.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 23.5 4 24 5.8 +0.4
VFMF Vanguard U.S. Multifactor ETF 23.4 19 9 7.4 +1.9
SIZE iShares Edge MSCI USA Size Factor ETF 23.4 15 13 6.4 +1.0
AVUS Avantis U.S. Equity ETF 22.4 15 13 5.8 +0.3
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 22.1 25 3 6.0 +0.6
VUSE Vident Core US Equity Fund 22.0 48 -20 8.6 +3.1
VO Vanguard Mid-Cap Index Fund 22.0 4 24 5.5 0.0
SFY SoFi Select 500 ETF 22.0 0 28 5.2 -0.3
IWR iShares Russell Midcap ETF 21.7 19 9 5.7 +0.2
KRMA Global X Conscious Companies ETF 21.7 43 -15 5.2 -0.3
EQAL Invesco Russell 1000 Equal Weight ETF 21.6 20 8 5.8 +0.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 21.5 15 13 4.0 -1.4
QUS SPDR MSCI USA StrategicFactors ETF 21.4 15 13 5.9 +0.4
FLQL Franklin LibertyQ U.S. Equity ETF 21.2 15 13 6.3 +0.9
ETHO Etho Climate Leadership U.S. ETF 21.1 47 -19 4.4 -1.1
IUS Invesco Strategic US ETF 21.1 19 9 6.8 +1.3
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 21.0 25 3 8.0 +2.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 20.9 60 -32 4.3 -1.1
JKH iShares Morningstar Mid-Cap Growth ETF 20.8 30 -2 2.2 -3.3
IWB iShares Russell 1000 ETF 20.8 15 13 5.2 -0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 20.8 12 16 4.9 -0.6
AIEQ AI Powered Equity ETF 20.7 87 -59 3.6 -1.9
SCHK Schwab 1000 Index ETF 20.7 5 23 5.3 -0.2
EPS WisdomTree U.S. Earnings 500 Fund 20.7 8 20 6.6 +1.1
PBUS Invesco PureBeta MSCI USA ETF 20.6 4 24 5.3 -0.2
SPXN ProShares S&P 500 Ex-Financials ETF 20.6 27 1 5.0 -0.5
IYY iShares Dow Jones U.S. ETF 20.6 20 8 5.2 -0.3
SCHX Schwab U.S. Large-Cap ETF 20.6 3 25 5.3 -0.2
VONE Vanguard Russell 1000 ETF 20.6 8 20 5.3 -0.2
IWV iShares Russell 3000 ETF 20.2 20 8 5.1 -0.4
SCHB Schwab U.S. Broad Market ETF 20.2 3 25 5.3 -0.2
VTI Vanguard Total Stock Market Index Fund 20.2 3 25 5.2 -0.3
RPG Invesco S&P 500 Pure Growth ETF 20.2 35 -7 4.4 -1.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 20.2 3 25 5.2 -0.3
ESGV Vanguard ESG U.S. Stock ETF 20.2 12 16 5.2 -0.3
VTHR Vanguard Russell 3000 Index Fund 20.1 10 18 5.2 -0.3
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 20.1 30 -2 6.0 +0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 20.0 2 26 5.3 -0.2
RFFC RiverFront Dynamic US Flex-Cap ETF 20.0 52 -24 4.7 -0.8
VV Vanguard Large-Cap Index Fund 20.0 4 24 5.3 -0.2
JMIN JPMorgan U.S. Minimum Volatility ETF 20.0 12 16 6.0 +0.5
PBP Invesco S&P 500 BuyWrite ETF 20.0 49 -21 5.0 -0.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 20.0 29 -1 8.5 +3.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 20.0 7 21 5.2 -0.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 19.9 29 -1 6.3 +0.9
JMOM JPMorgan U.S. Momentum Factor ETF 19.9 12 16 3.8 -1.7
SPXE ProShares S&P 500 Ex-Energy ETF 19.9 27 1 5.3 -0.2
HUSV First Trust Horizon Managed Volatility Domestic ETF 19.8 70 -42 4.8 -0.7
SPTM SPDR Portfolio Total Stock Market ETF 19.8 3 25 5.5 +0.1
AFMC First Trust Active Factor Mid Cap ETF 19.8 65 -37 6.5 +1.0
HSPX Global X S&P 500 Covered Call ETF 19.7 65 -37 4.9 -0.6
SPY SPDR S&P 500 ETF Trust 19.7 9 19 5.4 -0.1
PSET Principal Price Setters Index ETF 19.7 29 -1 4.6 -0.8
SPLG SPDR Portfolio Large Cap ETF 19.7 3 25 5.4 -0.0
IVV iShares Core S&P 500 ETF 19.7 4 24 5.4 -0.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 19.7 59 -31 4.1 -1.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 19.7 35 -7 4.3 -1.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 19.6 20 8 5.4 -0.1

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 16.9 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 28 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.52
 
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.