Vident International Equity Fund
ALTAR
Score™
11.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
17.3x P/Sales
ratio
0.6x
P/BV
ratio
0.8x Div.
yield
3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vident International Equity Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Vident International Equity Index.

FUND BASICS
Category International Equities
Fund Sponsor Exchange-Traded Concepts Trust
Website www.exchangetradedconcepts.com
Inception date Oct 29, 2013
Assets (mns) $440
Currency USD
Expense ratio 59 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 241
Wgt avg mkt cap (mns) $17,749
Large cap (>$10bn) 38.0%
Mid cap ($2-10bn) 51.1%
Small cap (<$2bn) 10.1%
Developed mkts 63.3%
Emerging mkts 36.7%

TOP TEN HOLDINGS
HANKOOK TIRE CO LTD 0.7 %
NINE DRAGONS PAPER HOLDINGS 0.6 %
CHINA UNICOM (HONG KONG) LIMITED 0.6 %
KIA MOTORS CORPORATION 0.6 %
FLIGHT CENTRE LIMITED 0.6 %
GREAT WALL MOTOR COMPANY-H 0.6 %
LG ELECTRONICS INC 0.6 %
MIXI INC 0.6 %
CANADIAN SOLAR INC 0.6 %
LENOVO GROUP LTD 0.6 %
Total 6.2 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 8.0 %
HONG KONG 7.5 %
JAPAN 7.4 %
SINGAPORE 6.3 %
AUSTRALIA 5.5 %
GERMANY 5.3 %
TAIWAN 5.2 %
SWITZERLAND 4.9 %
SWEDEN 4.9 %
NORWAY 4.7 %

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.
-13.9% -2.2% 3.4% -- 0.2%

Market Correlations
versus... Beta R-squared
S&P500 0.99 74%
MSCI EAFE 1.20 90%
MSCI Emg. Mkts. 0.94 89%

Technical Indicators
Recent close $21.69
30d moving avg. $21.54
Annualized volatility 20.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 58
Turnover 0.3%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $6,549

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Vident International Equity Fund ETF based on the alternatives' overlap in portfolio holdings with VIDI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VIDI Expense: 59 bp ALTAR Score™: 11.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VIDI
Ticker Fund
Name
Overlap1
vs VIDI
(%)
Expense
ratio
(bp)
Savings
vs VIDI
(bp)
ALTAR
Score™
(%)
ALTAR
vs VIDI
(%)
LVIN Hartford Multifactor Low Volatility International Equity ETF 20.6 29 30 11.4 +0.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 19.3 29 30 7.6 -3.4
ROAM Hartford Multifactor Emerging Markets ETF 17.3 44 15 13.1 +2.1
IQIN IQ 500 International ETF 15.9 25 34 8.5 -2.5
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 14.3 45 14 14.4 +3.4
FNDF Schwab Fundamental International Large Co. Index ETF 14.1 25 34 8.6 -2.4
ISDX Invesco Strategic Developed ex-US ETF 14.0 23 36 7.2 -3.8
JPIN JPMorgan Diversified Return International Equity ETF 13.8 37 22 7.7 -3.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 13.5 45 14 8.7 -2.3
VYMI Vanguard International High Dividend Yield ETF 13.3 27 32 10.1 -0.9
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 13.1 45 14 9.0 -2.0
INTF iShares Edge MSCI Multifactor Intl ETF 12.8 30 29 7.7 -3.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 12.0 20 39 11.2 +0.2
IDY Pacific Global International Equity Income ETF 11.9 39 20 7.9 -3.1
SCID Global X Scientific Beta Europe ETF 11.8 39 20 6.3 -4.7
FDT First Trust Developed Markets ex-US Alphadex Fund 11.8 80 -21 7.2 -3.8
UIVM VictoryShares USAA MSCI International Value Momentum ETF 11.8 35 24 8.5 -2.5
IVLU iShares Edge MSCI Intl Value Factor ETF 11.7 30 29 11.3 +0.3
PDEV Principal International Multi-Factor Core Index ETF 11.7 25 34 7.7 -3.3
FYLD Cambria Foreign Shareholder Yield ETF 11.7 59 0 6.7 -4.3
DWMF WisdomTree International Multifactor Fund 11.5 38 21 6.2 -4.8
EFV iShares MSCI EAFE Value ETF 11.5 39 20 9.5 -1.5
DTH WisdomTree DEFA Equity Income Fund 11.5 58 1 9.7 -1.2
DWM WisdomTree International Equity Fund 11.5 48 11 8.2 -2.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 11.4 74 -15 13.2 +2.2
FIVA Fidelity International Value Factor ETF 11.4 39 20 9.6 -1.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 11.3 25 34 6.6 -4.4
TPIF Timothy Plan International ETF 11.2 62 -3 6.1 -4.9
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 11.1 45 14 6.5 -4.5
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 11.1 24 35 7.0 -4.0
CIL VictoryShares International Volatility Weighted Index ETF 11.1 45 14 6.6 -4.4
QINT American Century Quality Diversified International ETF 10.9 39 20 6.0 -4.9
PQIN PGIM QMA Strategic Alpha International Equity ETF 10.9 29 30 7.4 -3.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 10.8 39 20 13.1 +2.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 10.8 35 24 8.5 -2.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 10.7 80 -21 7.5 -3.5
JHMD John Hancock Multifactor Developed International ETF 10.7 39 20 7.2 -3.7
EMMF WisdomTree Emerging Markets Multifactor Fund 10.7 48 11 9.6 -1.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 10.5 39 20 6.4 -4.6
ACWF iShares FactorSelect MSCI Global ETF 10.3 35 24 8.0 -3.0
DOL WisdomTree International LargeCap Dividend Fund 10.3 48 11 8.6 -2.4
DEM WisdomTree Emerging Markets High Dividend Fund 10.3 63 -4 14.8 +3.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 10.1 29 30 10.1 -0.9
PXH Invesco FTSE RAFI Emerging Markets ETF 10.0 50 9 13.6 +2.6
SCIX Global X Scientific Beta Asia ex-Japan ETF 10.0 38 21 6.6 -4.3
IQDF FlexShares International Quality Dividend Index Fund 10.0 47 12 8.9 -2.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 10.0 47 12 9.0 -1.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 9.8 65 -6 10.7 -0.3
IDLV Invesco S&P International Developed Low Volatility ETF 9.6 25 34 6.6 -4.4
IQDE FlexShares International Quality Dividend Defensive Index Fd 9.6 47 12 9.0 -1.9
QEFA SPDR MSCI EAFE Quality Mix ETF 9.5 30 29 6.7 -4.3
JHEM John Hancock Multifactor Emerging Markets ETF 9.5 49 10 8.6 -2.4
BBEU JPMorgan BetaBuilders Europe ETF 9.5 9 50 7.2 -3.8
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 9.4 7 52 7.4 -3.6
HFXI IQ 50 Percent Hedged FTSE International ETF 9.4 20 39 7.3 -3.7
SCHF Schwab International Equity ETF 9.4 6 53 7.2 -3.8
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 9.4 30 29 0.0 -11.0
FLEE Franklin FTSE Europe ETF 9.3 9 50 6.8 -4.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 9.3 25 34 6.3 -4.7
GSID Goldman Sachs MarketBeta International Equity ETF 9.3 20 39 7.1 -3.9
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 9.3 30 29 0.0 -11.0
CWI SPDR MSCI ACWI ex-US ETF 9.3 30 29 7.1 -3.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 9.3 32 27 9.1 -1.9
FLEH Franklin FTSE Europe Hedged ETF 9.2 9 50 7.0 -4.0
ESGN Columbia Sustainable International Equity Income ETF 9.2 45 14 10.7 -0.3
VGK Vanguard FTSE Europe ETF 9.2 8 51 7.2 -3.8
ACWX iShares MSCI ACWI ex U.S. ETF 9.2 32 27 7.2 -3.8
BKIE BNY Mellon International Equity ETF 9.1 4 55 7.3 -3.7
EFA iShares MSCI EAFE ETF 9.1 32 27 6.9 -4.1
IEV iShares Europe ETF 9.1 59 0 6.7 -4.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 9.1 45 14 6.5 -4.5
IQSI IQ Candriam ESG International Equity ETF 9.1 15 44 7.2 -3.8
IEUR iShares Core MSCI Europe ETF 9.0 9 50 7.1 -3.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 9.0 35 24 6.7 -4.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.9 40 19 7.0 -4.0
IDEV iShares Core MSCI International Developed Markets ETF 8.9 5 54 7.1 -3.9
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 8.9 50 9 10.5 -0.4
DIM WisdomTree International MidCap Dividend Fund 8.8 58 1 7.4 -3.5
SPDW SPDR Portfolio Developed World ex-US ETF 8.8 4 55 7.0 -4.0
FEU SPDR Portfolio Europe ETF 8.8 9 50 7.1 -3.9
VGFO Virtus WMC Global Factor Opportunities ETF 8.8 49 10 7.9 -3.1
IEFA iShares Core MSCI EAFE ETF 8.8 7 52 7.1 -3.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 8.8 20 39 6.9 -4.1
ISZE iShares Edge MSCI Intl Size Factor ETF 8.7 30 29 7.1 -3.9
VEU Vanguard FTSE All-World ex-US Index Fund 8.7 8 51 7.5 -3.5
VEA Vanguard FTSE Developed Markets ETF 8.7 5 54 7.3 -3.7
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 8.7 35 24 6.8 -4.2
ISEM Invesco Strategic Emerging Markets ETF 8.7 35 24 10.7 -0.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.7 49 10 7.9 -3.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 8.6 44 15 9.0 -2.0
IXUS ishares Core MSCI Total International Stock ETF 8.5 9 50 7.3 -3.7
ESGD iShares MSCI EAFE ESG Optimized ETF 8.4 20 39 6.8 -4.2
FEP First Trust Europe AlphaDEX Fund 8.4 80 -21 7.1 -3.8
DOO WisdomTree International Dividend ex-Financials Fund 8.3 58 1 8.7 -2.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 8.3 20 39 5.4 -5.6
VXUS Vanguard Total International Stock Index Fund 8.1 8 51 7.4 -3.5
VSGX Vanguard ESG International Stock ETF 8.0 17 42 7.0 -4.0
DVEM WisdomTree Emerging Markets Dividend Fund 8.0 32 27 7.3 -3.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 8.0 39 20 8.1 -2.8

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:
Vident International Equity Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.1 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 11.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.59
 
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.