Virtus WMC International Dividend ETF
ALTAR
Score™
7.5% info Recommen-
dation
SPECULATIVE
2021E    2022E
P/E
ratio
13.0x P/Sales
ratio
1.2x
P/BV
ratio
1.4x Div.
yield
5.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Fund invests primarily in equity securities of U.S. and foreign issuers, including emerging markets issuers, of any market capitalization.

FUND BASICS
Category Global Equities
Fund Sponsor Virtus
Website www.virtus.com
Inception date Oct 10, 2017
Assets (mns) $6
Currency USD
Expense ratio 49 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 190
Wgt avg mkt cap (mns) $51,453
Large cap (>$10bn) 80.6%
Mid cap ($2-10bn) 18.1%
Small cap (<$2bn) 0.4%
Developed mkts 99.5%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AVIVA PLC 1.9 %
ENBRIDGE INC 1.9 %
AXA SA 1.9 %
NOVARTIS AG-REG 1.7 %
JAPAN TOBACCO INC 1.7 %
BRITISH AMERICAN TOBACCO PLC 1.6 %
NESTLE SA-REG 1.6 %
ROCHE HOLDING AG-GENUSSCHEIN 1.6 %
PCCW LIMITED 1.6 %
ENAGAS 1.6 %
Total 17.0 %

TOP COUNTRY EXPOSURE
JAPAN 20.2 %
BRITAIN 16.5 %
CANADA 9.3 %
SWITZERLAND 8.9 %
HONG KONG 8.1 %
GERMANY 6.5 %
FRANCE 5.4 %
SPAIN 5.4 %
SINGAPORE 4.4 %
AUSTRALIA 3.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
1.3% 16.0% -- -- 6.4%

Market Correlations
versus... Beta R-squared
S&P500 0.96 92%
MSCI EAFE 0.98 93%
MSCI Emg. Mkts. 0.76 70%

Technical Indicators
Recent close $27.60
30d moving avg. $27.88
Annualized volatility 18.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $18,879

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the Virtus WMC International Dividend ETF ETF based on the alternatives' overlap in portfolio holdings with VWID. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VWID Expense: 49 bp ALTAR Score™: 7.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VWID
Ticker Fund
Name
Overlap1
vs VWID
(%)
Expense
ratio
(bp)
Savings
vs VWID
(bp)
ALTAR
Score™
(%)
ALTAR
vs VWID
(%)
DFAI Dimensional International Core Equity Market ETF 54.4 18 31 6.2 -1.2
DOL WisdomTree International LargeCap Dividend Fund 42.3 48 1 7.1 -0.3
DWM WisdomTree International Equity Fund 39.4 48 1 7.1 -0.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 39.1 40 9 7.2 -0.3
DTH WisdomTree International High Dividend Fund 37.8 58 -9 8.4 +1.0
LVHI Legg Mason International Low Volatility High Dividend ETF 34.6 40 9 8.9 +1.4
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 34.3 45 4 9.4 +1.9
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 32.9 20 29 8.5 +1.1
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 32.8 30 19 7.7 +0.3
QEFA SPDR MSCI EAFE Quality Mix ETF 32.0 30 19 6.1 -1.4
EFV iShares MSCI EAFE Value ETF 31.5 39 10 8.1 +0.7
VYMI Vanguard International High Dividend Yield ETF 31.4 27 22 9.0 +1.6
EFAV iShares Edge MSCI Min Vol EAFE ETF 31.3 20 29 5.1 -2.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 31.2 80 -31 5.9 -1.5
BKIE BNY Mellon International Equity ETF 30.3 4 45 6.5 -1.0
DOO WisdomTree International Dividend ex-Financials Fund 30.1 58 -9 7.6 +0.1
PDEV Principal International Multi-Factor Core Index ETF 30.0 25 24 7.0 -0.5
EFAS Global X MSCI SuperDividend EAFE ETF 29.7 56 -7 8.1 +0.7
EFA iShares MSCI EAFE ETF 29.0 32 17 6.2 -1.3
GSID Goldman Sachs MarketBeta International Equity ETF 28.5 20 29 6.2 -1.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 28.4 35 14 6.0 -1.4
RESD WisdomTree International ESG Fund 28.4 30 19 6.3 -1.2
IQDE FlexShares International Quality Dividend Defensive Index ET 28.4 47 2 8.1 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 28.2 45 4 7.4 -0.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 28.1 32 17 6.0 -1.5
IQSI IQ Candriam ESG International Equity ETF 28.0 15 34 6.2 -1.2
JHMD John Hancock Multifactor Developed International ETF 28.0 39 10 6.4 -1.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 27.9 20 29 9.5 +2.0
ESGD iShares MSCI EAFE ESG Optimized ETF 27.8 20 29 6.2 -1.3
IDOG ALPS International Sector Dividend Dogs ETF 27.8 50 -1 8.1 +0.7
IDV iShares International Select Dividend ETF 27.0 49 0 8.9 +1.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 27.0 25 24 6.1 -1.4
HFXI IQ 50 Percent Hedged FTSE International ETF 26.9 20 29 6.4 -1.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 26.9 20 29 6.2 -1.3
IDLV Invesco S&P International Developed Low Volatility ETF 26.8 25 24 6.2 -1.2
FIVA Fidelity International Value Factor ETF 26.8 39 10 8.7 +1.3
IQDF FlexShares International Quality Dividend Index Fund 26.7 47 2 8.1 +0.6
IEV iShares Europe ETF 26.5 59 -10 6.1 -1.4
SCHF Schwab International Equity ETF 26.3 6 43 6.5 -1.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 26.3 45 4 6.0 -1.5
CIL VictoryShares International Volatility Weighted Index ETF 26.1 45 4 6.4 -1.1
BBEU JPMorgan BetaBuilders Europe ETF 26.1 9 40 6.6 -0.9
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 26.0 7 42 6.5 -1.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 26.0 45 4 6.2 -1.2
FLEH Franklin FTSE Europe Hedged ETF 25.9 9 40 6.4 -1.1
FLEE Franklin FTSE Europe ETF 25.9 9 40 6.4 -1.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 25.6 29 20 7.2 -0.2
FNDF Schwab Fundamental International Large Co. Index ETF 25.5 25 24 7.5 +0.1
IEFA iShares Core MSCI EAFE ETF 25.4 7 42 6.4 -1.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 25.2 39 10 5.6 -1.9
IVLU iShares Edge MSCI Intl Value Factor ETF 25.1 30 19 9.6 +2.2
IDEV iShares Core MSCI International Developed Markets ETF 25.0 5 44 6.3 -1.1
FDEV Fidelity Targeted International Factor ETF 24.7 39 10 6.2 -1.2
IEUR iShares Core MSCI Europe ETF 24.6 9 40 6.4 -1.0
VGK Vanguard FTSE Europe ETF 24.4 8 41 6.6 -0.9
DWMF WisdomTree International Multifactor Fund 24.4 38 11 6.2 -1.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 24.2 25 24 6.0 -1.5
RBIN Nationwide Risk-Based International Equity ETF 24.2 42 7 5.9 -1.6
IQIN IQ 500 International ETF 23.9 25 24 7.3 -0.2
JPIN JPMorgan Diversified Return International Equity ETF 23.7 37 12 6.9 -0.5
SPEU SPDR Portfolio Europe ETF 23.7 9 40 6.5 -1.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 23.6 29 20 7.1 -0.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 23.5 47 2 8.4 +0.9
VEA Vanguard FTSE Developed Markets ETF 23.5 5 44 6.5 -1.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 23.1 30 19 5.4 -2.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 23.1 14 35 6.0 -1.5
SPDW SPDR Portfolio Developed World ex-US ETF 23.1 4 45 6.1 -1.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 22.2 59 -10 9.6 +2.1
FID First Trust S&P International Dividend Aristocrats ETF 22.1 60 -11 8.3 +0.8
TPIF Timothy Plan International ETF 22.0 62 -13 5.9 -1.5
ISDX Invesco RAFI Strategic Developed ex-US ETF 21.9 23 26 6.2 -1.2
FIDI Fidelity International High Dividend ETF 21.4 39 10 9.3 +1.9
CWI SPDR MSCI ACWI ex-US ETF 21.3 30 19 6.2 -1.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 21.0 35 14 6.0 -1.5
QINT American Century Quality Diversified International ETF 21.0 39 10 6.2 -1.2
WDIV SPDR Global Dividend ETF 21.0 40 9 8.3 +0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 20.8 40 9 6.0 -1.4
ACWX iShares MSCI ACWI ex U.S. ETF 20.6 32 17 6.3 -1.2
VSGX Vanguard ESG International Stock ETF 19.9 17 32 6.3 -1.2
RNDM First Trust Developed International Equity Select ETF 19.9 65 -16 5.6 -1.8
VEU Vanguard FTSE All-World ex-US Index Fund 19.8 8 41 6.6 -0.8
IDHQ Invesco S&P International Developed Quality ETF 19.8 29 20 5.1 -2.3
DEW WisdomTree Global High Dividend Fund 19.7 58 -9 8.6 +1.1
GCOW Pacer Global High Dividend ETF 19.3 60 -11 9.9 +2.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 19.1 16 33 5.9 -1.5
DMDV AAM S&P Developed Markets High Dividend Value ETF 19.0 39 10 9.6 +2.2
ISZE iShares Edge MSCI Intl Size Factor ETF 18.8 30 19 6.1 -1.4
IXUS ishares Core MSCI Total International Stock ETF 17.9 9 40 6.4 -1.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 17.9 39 10 6.7 -0.7
DMXF iShares ESG Advanced MSCI EAFE ETF 17.9 12 37 5.9 -1.6
ESGN Columbia Sustainable International Equity Income ETF 17.7 45 4 9.0 +1.5
RFDI First Trust Riverfront Dynamic Developed International ETF 17.6 83 -34 5.3 -2.2
IPAC iShares Core MSCI Pacific ETF 17.0 9 40 6.1 -1.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 16.8 35 14 7.6 +0.2
RODE Hartford Multifactor Diversified International ETF 16.6 29 20 10.1 +2.7
NUDM Nuveen ESG International Developed Markets Equity ETF 16.5 40 9 5.8 -1.7
OEUR O'shares FTSE Europe Quality Dividend ETF 16.5 48 1 5.1 -2.3

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Virtus WMC International Dividend ETF
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 10.8 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.49
 
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.