Vident International Equity Fund
ALTAR
Score™
11.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
16.1x P/Sales
ratio
0.6x
P/BV
ratio
0.7x 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 30, 2013
Assets (mns) $476
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 242
Wgt avg mkt cap (mns) $15,998
Large cap (>$10bn) 33.0%
Mid cap ($2-10bn) 55.4%
Small cap (<$2bn) 11.6%
Developed mkts 63.8%
Emerging mkts 36.2%

TOP TEN HOLDINGS
POWER CORP OF CANADA 0.8 %
TEVA PHARMACEUTICAL IND LTD 0.8 %
SWEDISH MATCH AB 0.8 %
SINOTRUK HONG KONG LTD 0.8 %
SHIMAO PROPERTY HOLDINGS LTD 0.8 %
NHN ENTERTAINMENT CORP 0.7 %
FORTESCUE METALS GROUP LTD 0.7 %
HAKON INVEST AB 0.7 %
ROCHE HOLDING AG-GENUSSCHEIN 0.7 %
KINNEVIK AB CLASS B 0.7 %
Total 7.3 %

TOP COUNTRY EXPOSURE
JAPAN 8.6 %
SOUTH KOREA 7.9 %
SWEDEN 7.8 %
HONG KONG 7.4 %
SINGAPORE 6.0 %
NORWAY 5.1 %
TURKEY 4.9 %
GERMANY 4.7 %
SWITZERLAND 4.3 %
BRITAIN 4.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-22.3% -12.8% -1.7% -- -1.3%

Market Correlations
versus... Beta R-squared
S&P500 1.02 74%
MSCI EAFE 1.21 89%
MSCI Emg. Mkts. 0.99 92%

Technical Indicators
Recent close $20.52
30d moving avg. $18.64
Annualized volatility 20.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 183
Turnover 0.8%
Bid/Ask (% of price) 0.60%
ADV underlying (mns) $12,921

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™: 11.6%


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 21.6 29 30 12.4 +0.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 19.4 29 30 8.8 -2.8
ROAM Hartford Multifactor Emerging Markets ETF 16.6 44 15 15.1 +3.5
UIVM VictoryShares USAA MSCI International Value Momentum ETF 16.5 35 24 8.7 -2.9
INTF iShares Edge MSCI Multifactor Intl ETF 14.2 30 29 8.5 -3.1
IQIN IQ 500 International ETF 13.9 25 34 9.2 -2.4
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 13.3 45 14 13.5 +2.0
FNDF Schwab Fundamental International Large Co. Index ETF 12.7 25 34 8.9 -2.7
JPIN JPMorgan Diversified Return International Equity ETF 12.7 38 21 8.0 -3.5
JPEU JPMorgan Diversified Return Europe Equity ETF 12.2 37 22 7.0 -4.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 12.1 45 14 9.1 -2.5
ISDX Invesco Strategic Developed ex-US ETF 12.1 23 36 7.6 -4.0
SCID Global X Scientific Beta Europe ETF 11.9 38 21 7.1 -4.5
EMMF WisdomTree Emerging Markets Multifactor Fund 11.9 48 11 9.9 -1.7
FDT First Trust Developed Markets ex-US Alphadex Fund 11.6 80 -21 7.9 -3.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 11.2 32 27 9.6 -2.0
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 11.2 24 35 7.3 -4.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 10.5 47 12 13.8 +2.2
DWMF WisdomTree International Multifactor Fund 10.5 38 21 6.9 -4.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 10.4 95 -36 10.2 -1.3
QINT American Century Quality Diversified International ETF 10.3 39 20 6.0 -5.6
PDEV Principal International Multi-Factor Core Index ETF 10.3 25 34 8.0 -3.5
TPIF Timothy Plan International ETF 10.2 62 -3 7.1 -4.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 10.1 25 34 6.9 -4.6
IVLU iShares Edge MSCI Intl Value Factor ETF 10.0 30 29 11.4 -0.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 10.0 25 34 6.9 -4.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 9.8 20 39 11.1 -0.5
VYMI Vanguard International High Dividend Yield ETF 9.8 32 27 10.4 -1.2
JPGE JPMorgan Diversified Return Global Equity ETF 9.8 29 30 7.4 -4.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 9.8 80 -21 8.2 -3.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 9.8 70 -11 13.1 +1.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 9.7 39 20 6.8 -4.8
FIVA Fidelity International Value Factor ETF 9.5 39 20 10.4 -1.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 9.4 45 14 10.0 -1.6
AXJL WisdomTree Asia Pacific ex-Japan Fund 9.4 48 11 10.0 -1.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 9.4 65 -6 11.9 +0.4
DIM WisdomTree International MidCap Dividend Fund 9.4 58 1 7.8 -3.8
IQDF FlexShares International Quality Dividend Index Fund 9.3 47 12 13.2 +1.6
DWM WisdomTree International Equity Fund 9.3 48 11 8.4 -3.2
RFDI First Trust Riverfront Dynamic Developed International ETF 9.3 83 -24 6.4 -5.1
PQIN PGIM QMA Strategic Alpha International Equity ETF 9.3 29 30 8.2 -3.4
JHMD John Hancock Multifactor Developed International ETF 9.2 45 14 7.6 -4.0
JHEM John Hancock Multifactor Emerging Markets ETF 9.1 55 4 8.9 -2.6
FYLD Cambria Foreign Shareholder Yield ETF 9.1 59 0 9.6 -2.0
CIL VictoryShares International Volatility Weighted Index ETF 9.0 45 14 6.8 -4.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 8.9 39 20 13.2 +1.6
ACWF iShares FactorSelect MSCI Global ETF 8.9 35 24 8.2 -3.4
EMCG WisdomTree Emerging Markets Consumer Growth Fund 8.9 32 27 7.9 -3.7
DDEZ WisdomTree Europe Multifactor Fund 8.8 43 16 7.2 -4.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.8 49 10 9.1 -2.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 8.8 35 24 8.7 -2.9
PXH Invesco FTSE RAFI Emerging Markets ETF 8.7 50 9 13.8 +2.2
ACWX iShares MSCI ACWI ex U.S. ETF 8.7 32 27 7.6 -3.9
FDEV Fidelity Targeted International Factor ETF 8.7 39 20 6.7 -4.9
DVEM WisdomTree Emerging Markets Dividend Fund 8.6 32 27 9.2 -2.4
GVAL Cambria Global Value ETF 8.5 69 -10 11.2 -0.4
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 8.5 30 29 7.0 -4.6
BBEU JPMorgan BetaBuilders Europe ETF 8.5 9 50 7.5 -4.1
EFV iShares MSCI EAFE Value ETF 8.4 39 20 10.3 -1.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 8.4 7 52 7.7 -3.9
HFXI IQ 50 Percent Hedged FTSE International ETF 8.4 20 39 7.7 -3.9
SCHF Schwab International Equity ETF 8.4 6 53 7.5 -4.0
FEP First Trust Europe AlphaDEX Fund 8.4 80 -21 8.1 -3.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.4 40 19 7.5 -4.1
EUMV iShares Edge MSCI Min Vol Europe ETF 8.4 25 34 5.6 -6.0
FLEE Franklin FTSE Europe ETF 8.4 9 50 7.2 -4.4
DTH WisdomTree DEFA Equity Income Fund 8.4 58 1 9.8 -1.8
FLEH Franklin FTSE Europe Hedged ETF 8.4 9 50 7.3 -4.3
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 8.3 48 11 0.0 -11.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 8.3 45 14 8.8 -2.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 8.3 45 14 6.9 -4.7
IDY Pacific Global International Equity Income ETF 8.3 39 20 8.2 -3.4
IEV iShares Europe ETF 8.2 59 0 7.0 -4.6
CWI SPDR MSCI ACWI ex-US ETF 8.2 30 29 7.8 -3.8
IQDE FlexShares International Quality Dividend Defensive Index Fd 8.2 47 12 12.9 +1.4
VEU Vanguard FTSE All-World ex-US Index Fund 8.1 8 51 7.9 -3.7
IEUR iShares Core MSCI Europe ETF 8.1 9 50 7.5 -4.1
DOL WisdomTree International LargeCap Dividend Fund 8.1 48 11 8.7 -2.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 8.1 45 14 9.0 -2.5
DEM WisdomTree Emerging Markets High Dividend Fund 8.1 63 -4 14.2 +2.6
VGK Vanguard FTSE Europe ETF 8.0 8 51 7.5 -4.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 8.0 20 39 5.9 -5.7
IXUS ishares Core MSCI Total International Stock ETF 8.0 9 50 7.7 -3.9
VSGX Vanguard ESG International Stock ETF 8.0 17 42 7.5 -4.1
ISZE iShares Edge MSCI Intl Size Factor ETF 7.9 30 29 7.1 -4.5
IDLV Invesco S&P International Developed Low Volatility ETF 7.9 25 34 6.9 -4.7
VEA Vanguard FTSE Developed Markets ETF 7.9 5 54 7.6 -4.0
EMXC iShares MSCI Emerging Markets ex China ETF 7.8 49 10 8.5 -3.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 7.8 65 -6 8.4 -3.2
ESGD iShares MSCI EAFE ESG Optimized ETF 7.8 20 39 7.3 -4.2
SPDW SPDR Portfolio Developed World ex-US ETF 7.8 4 55 7.4 -4.2
FEU SPDR Portfolio Europe ETF 7.7 9 50 7.5 -4.1
OEUR O'shares FTSE Europe Quality Dividend ETF 7.7 48 11 6.7 -4.8
VXUS Vanguard Total International Stock Index Fund 7.7 8 51 7.8 -3.8
QEFA SPDR MSCI EAFE Quality Mix ETF 7.7 30 29 6.9 -4.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 7.5 68 -9 8.0 -3.6
FLAX Franklin FTSE Asia Ex Japan ETF 7.4 19 40 8.6 -3.0
EEM iShares MSCI Emerging Markets ETF 7.4 68 -9 8.3 -3.2
AVEM Avantis Emerging Markets Equity ETF 7.4 33 26 9.6 -1.9

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:
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 8.1 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 11.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.