Vanguard International High Dividend Yield ETF
ALTAR
Score™
9.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
14.9x P/Sales
ratio
1.0x
P/BV
ratio
1.2x Div.
yield
4.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Vanguard International High Dividend Yield ETF tracks a market-cap-weighted index of developed and emerging market firms (ex-US) that are expected to pay above average dividends over the next 12 months.

FUND BASICS
Category International Equities
Fund Sponsor Vanguard
Website personal.vanguard.com
Inception date Feb 26, 2016
Assets (mns) $1,860
Currency USD
Expense ratio 27 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1089
Wgt avg mkt cap (mns) $82,643
Large cap (>$10bn) 81.8%
Mid cap ($2-10bn) 15.6%
Small cap (<$2bn) 1.3%
Developed mkts 70.0%
Emerging mkts 28.3%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 5.8 %
NOVARTIS AG-REG 2.2 %
TOYOTA MOTOR CORP 1.9 %
SIEMENS AG-REG 1.3 %
ROYAL BANK OF CANADA 1.2 %
COMMONWEALTH BANK OF AUSTRAL 1.2 %
SANOFI-AVENTIS 1.1 %
TOTAL SA 1.1 %
BHP BILLITON LTD 1.1 %
TORONTO-DOMINION BANK 1.1 %
Total 17.9 %

TOP COUNTRY EXPOSURE
JAPAN 13.3 %
BRITAIN 11.1 %
TAIWAN 10.0 %
CANADA 8.7 %
AUSTRALIA 7.7 %
GERMANY 7.1 %
CHINA 5.8 %
SWITZERLAND 5.7 %
FRANCE 4.9 %
HONG KONG 3.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.1% -1.1% -- -- 6.8%

Market Correlations
versus... Beta R-squared
S&P500 0.92 76%
MSCI EAFE 1.03 95%
MSCI Emg. Mkts. 0.85 82%

Technical Indicators
Recent close $63.35
30d moving avg. $62.12
Annualized volatility 19.8%
Short interest (ETF) 0.1%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 172
Turnover 0.6%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $46,763

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Vanguard International High Dividend Yield ETF ETF based on the alternatives' overlap in portfolio holdings with VYMI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VYMI Expense: 27 bp ALTAR Score™: 9.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VYMI
Ticker Fund
Name
Overlap1
vs VYMI
(%)
Expense
ratio
(bp)
Savings
vs VYMI
(bp)
ALTAR
Score™
(%)
ALTAR
vs VYMI
(%)
DFAI Dimensional International Core Equity Market ETF 67.1 18 9 6.4 -2.7
EFV iShares MSCI EAFE Value ETF 55.0 39 -12 8.4 -0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 48.3 45 -18 7.7 -1.4
FNDF Schwab Fundamental International Large Co. Index ETF 45.0 25 2 7.7 -1.3
DWM WisdomTree International Equity Fund 42.2 48 -21 7.2 -1.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 42.0 40 -13 7.2 -1.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 41.5 20 7 9.4 +0.4
DTH WisdomTree International High Dividend Fund 40.0 58 -31 8.8 -0.3
BKIE BNY Mellon International Equity ETF 38.7 4 23 6.6 -2.5
VSGX Vanguard ESG International Stock ETF 38.6 17 10 6.3 -2.7
DOL WisdomTree International LargeCap Dividend Fund 38.6 48 -21 7.2 -1.9
SCHF Schwab International Equity ETF 37.1 6 21 6.5 -2.5
HFXI IQ 50 Percent Hedged FTSE International ETF 36.7 20 7 6.4 -2.6
IEV iShares Europe ETF 36.7 59 -32 6.3 -2.8
ACWX iShares MSCI ACWI ex U.S. ETF 36.7 32 -5 6.3 -2.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 36.6 40 -13 6.1 -3.0
FLEE Franklin FTSE Europe ETF 36.6 9 18 6.5 -2.6
EFA iShares MSCI EAFE ETF 36.5 32 -5 6.2 -2.8
GSID Goldman Sachs MarketBeta International Equity ETF 36.5 20 7 6.3 -2.7
FLEH Franklin FTSE Europe Hedged ETF 36.4 9 18 6.5 -2.5
VEU Vanguard FTSE All-World ex-US Index Fund 36.4 8 19 6.7 -2.4
BBEU JPMorgan BetaBuilders Europe ETF 36.3 9 18 6.7 -2.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 36.0 35 -8 6.1 -3.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 36.0 7 20 6.5 -2.5
PDEV Principal International Multi-Factor Core Index ETF 36.0 25 2 7.1 -2.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 35.7 45 -18 6.0 -3.0
IQSI IQ Candriam ESG International Equity ETF 35.6 15 12 6.4 -2.6
ISDX Invesco RAFI Strategic Developed ex-US ETF 35.3 23 4 6.3 -2.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 35.1 16 11 6.0 -3.1
CWI SPDR MSCI ACWI ex-US ETF 34.7 30 -3 6.2 -2.9
IVLU iShares Edge MSCI Intl Value Factor ETF 34.6 30 -3 10.0 +1.0
DEW WisdomTree Global High Dividend Fund 34.5 58 -31 8.8 -0.2
JHMD John Hancock Multifactor Developed International ETF 34.2 39 -12 6.6 -2.5
IDEV iShares Core MSCI International Developed Markets ETF 34.2 5 22 6.5 -2.6
VGK Vanguard FTSE Europe ETF 33.8 8 19 6.8 -2.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 33.7 35 -8 6.0 -3.1
IXUS ishares Core MSCI Total International Stock ETF 33.2 9 18 6.4 -2.6
ESGD iShares MSCI EAFE ESG Optimized ETF 32.9 20 7 6.2 -2.9
VEA Vanguard FTSE Developed Markets ETF 32.8 5 22 6.6 -2.5
IEUR iShares Core MSCI Europe ETF 32.7 9 18 6.6 -2.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 32.7 20 7 6.4 -2.7
IEFA iShares Core MSCI EAFE ETF 32.7 7 20 6.5 -2.6
SPDW SPDR Portfolio Developed World ex-US ETF 32.6 4 23 6.2 -2.8
SPEU SPDR Portfolio Europe ETF 31.7 9 18 6.8 -2.2
IQIN IQ 500 International ETF 31.6 25 2 7.7 -1.4
QEFA SPDR MSCI EAFE Quality Mix ETF 31.6 30 -3 6.0 -3.1
IEMG iShares Core MSCI Emerging Markets ETF 29.5 11 16 6.5 -2.5
VWID Virtus WMC International Dividend ETF 29.5 49 -22 7.4 -1.6
EEM iShares MSCI Emerging Markets ETF 29.1 70 -43 5.9 -3.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 29.0 39 -12 5.6 -3.5
VWO Vanguard FTSE Emerging Markets ETF 28.8 10 17 6.9 -2.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 28.7 25 2 6.0 -3.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 28.7 65 -38 5.9 -3.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 28.6 14 13 6.1 -2.9
VXUS Vanguard Total International Stock ETF 28.5 8 19 6.6 -2.5
CIL VictoryShares International Volatility Weighted Index ETF 28.2 45 -18 6.4 -2.7
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 28.2 45 -18 6.4 -2.7
DFAE Dimensional Emerging Core Equity Market ETF 28.0 35 -8 6.9 -2.1
VPL Vanguard FTSE Pacific ETF 27.6 8 19 6.4 -2.7
SCHE Schwab Emerging Markets Equity ETF 27.5 11 16 6.7 -2.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 27.3 36 -9 6.7 -2.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 26.8 20 7 8.4 -0.7
ISZE iShares Edge MSCI Intl Size Factor ETF 25.8 30 -3 6.3 -2.7
FLAX Franklin FTSE Asia Ex Japan ETF 25.6 19 8 6.2 -2.9
PBEE Invesco PureBeta FTSE Emerging Markets ETF 25.5 15 12 7.3 -1.8
BKEM BNY Mellon Emerging Markets Equity ETF 25.2 11 16 6.6 -2.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 25.2 39 -12 7.4 -1.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 24.4 68 -41 5.6 -3.4
IPAC iShares Core MSCI Pacific ETF 24.4 9 18 6.3 -2.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 24.2 25 2 5.9 -3.1
IQDE FlexShares International Quality Dividend Defensive Index ET 23.9 47 -20 7.8 -1.2
SPEM SPDR Portfolio Emerging Markets ETF 23.9 11 16 6.5 -2.5
DMXF iShares ESG Advanced MSCI EAFE ETF 23.7 12 15 6.2 -2.8
AVDE Avantis International Equity ETF 23.5 23 4 6.9 -2.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 23.5 59 -32 10.6 +1.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.4 29 -2 7.3 -1.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 23.3 47 -20 8.2 -0.9
IXG iShares Global Financials ETF 23.3 46 -19 8.7 -0.3
FIVA Fidelity International Value Factor ETF 22.8 39 -12 8.8 -0.2
JHEM John Hancock Multifactor Emerging Markets ETF 22.8 49 -22 7.4 -1.7
PXH Invesco FTSE RAFI Emerging Markets ETF 22.6 50 -23 11.6 +2.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 22.4 29 -2 7.1 -2.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 22.1 30 -3 6.3 -2.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 22.0 24 3 6.5 -2.5
TPIF Timothy Plan International ETF 21.9 62 -35 6.1 -3.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 21.6 30 -3 7.5 -1.6
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 21.4 45 -18 9.8 +0.8
EMXC iShares MSCI Emerging Markets ex China ETF 21.3 25 2 6.6 -2.5
RESD WisdomTree International ESG Fund 21.3 30 -3 6.5 -2.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 21.2 45 -18 6.3 -2.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 21.0 39 -12 11.6 +2.6
DOO WisdomTree International Dividend ex-Financials Fund 21.0 58 -31 7.7 -1.4
IQDF FlexShares International Quality Dividend Index Fund 20.7 47 -20 7.9 -1.2
RODE Hartford Multifactor Diversified International ETF 20.7 29 -2 10.5 +1.5
EEMA iShares MSCI Emerging Markets Asia ETF 20.6 50 -23 6.3 -2.8
JPIN JPMorgan Diversified Return International Equity ETF 20.4 37 -10 7.0 -2.0
RNDM First Trust Developed International Equity Select ETF 19.7 65 -38 5.7 -3.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 19.6 45 -18 6.0 -3.0

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:
Vanguard International High Dividend Yield 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 10.6 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 27 bp
Equals: ALTAR Score 9.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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