Vanguard International High Dividend Yield ETF
ALTAR
Score™
9.9% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
13.8x P/Sales
ratio
1.0x
P/BV
ratio
1.1x Div.
yield
4.5%


  • 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) $1,353
Currency USD
Expense ratio 32 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 1118
Wgt avg mkt cap (mns) $63,990
Large cap (>$10bn) 79.8%
Mid cap ($2-10bn) 17.5%
Small cap (<$2bn) 1.9%
Developed mkts 71.9%
Emerging mkts 26.5%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 3.8 %
NOVARTIS AG-REG 1.9 %
TOYOTA MOTOR CORP 1.7 %
SANOFI-AVENTIS 1.2 %
SIEMENS AG-REG 1.1 %
ROYAL BANK OF CANADA 1.1 %
GLAXOSMITHKLINE PLC 1.1 %
TOTAL SA 1.0 %
COMMONWEALTH BANK OF AUSTRAL 1.0 %
ALLIANZ SE-REG 0.9 %
Total 15.0 %

TOP COUNTRY EXPOSURE
JAPAN 12.2 %
BRITAIN 10.1 %
CANADA 7.7 %
TAIWAN 7.4 %
AUSTRALIA 6.5 %
GERMANY 6.3 %
CHINA 5.3 %
SWITZERLAND 5.1 %
FRANCE 4.7 %
HONG KONG 3.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.3% -8.8% -- -- 3.3%

Market Correlations
versus... Beta R-squared
S&P500 0.87 74%
MSCI EAFE 1.06 94%
MSCI Emg. Mkts. 0.79 84%

Technical Indicators
Recent close $55.12
30d moving avg. $53.48
Annualized volatility 17.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 103
Turnover 0.4%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $37,437

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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: 32 bp ALTAR Score™: 9.9%


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
(%)
EFV iShares MSCI EAFE Value ETF 48.4 39 -7 9.4 -0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 47.9 45 -13 8.7 -1.2
FNDF Schwab Fundamental International Large Co. Index ETF 45.5 25 7 8.6 -1.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 44.5 35 -3 8.4 -1.5
DWM WisdomTree International Equity Fund 44.3 48 -16 8.2 -1.7
IDY Pacific Global International Equity Income ETF 43.6 39 -7 7.9 -2.0
DOL WisdomTree International LargeCap Dividend Fund 41.6 48 -16 8.5 -1.4
BKIE BNY Mellon International Equity ETF 39.9 4 28 7.2 -2.7
SCHF Schwab International Equity ETF 38.4 6 26 7.2 -2.7
ACWX iShares MSCI ACWI ex U.S. ETF 37.8 32 0 7.1 -2.8
GSID Goldman Sachs MarketBeta International Equity ETF 37.8 20 12 7.2 -2.7
HFXI IQ 50 Percent Hedged FTSE International ETF 37.7 20 12 7.3 -2.6
EFA iShares MSCI EAFE ETF 37.7 32 0 6.9 -3.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 37.6 40 -8 6.9 -3.0
DTH WisdomTree DEFA Equity Income Fund 37.5 58 -26 9.6 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 37.3 8 24 7.4 -2.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 37.1 7 25 7.4 -2.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 36.6 35 -3 6.7 -3.2
FLEE Franklin FTSE Europe ETF 36.5 9 23 6.9 -3.0
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 36.5 30 2 6.9 -3.0
FLEH Franklin FTSE Europe Hedged ETF 36.5 9 23 7.0 -2.9
CWI SPDR MSCI ACWI ex-US ETF 36.3 30 2 7.1 -2.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 35.8 16 16 6.8 -3.1
ISDX Invesco Strategic Developed ex-US ETF 35.3 23 9 7.2 -2.7
BBEU JPMorgan BetaBuilders Europe ETF 35.3 9 23 7.2 -2.7
IDEV iShares Core MSCI International Developed Markets ETF 34.9 5 27 7.1 -2.8
JHMD John Hancock Multifactor Developed International ETF 34.8 39 -7 7.3 -2.6
IQSI IQ Candriam ESG International Equity ETF 34.7 15 17 7.2 -2.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 34.7 45 -13 6.5 -3.4
PDEV Principal International Multi-Factor Core Index ETF 34.6 25 7 7.7 -2.2
IXUS ishares Core MSCI Total International Stock ETF 34.5 9 23 7.3 -2.6
VXUS Vanguard Total International Stock Index Fund 34.4 8 24 7.4 -2.5
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 34.3 35 -3 6.8 -3.1
IEV iShares Europe ETF 34.3 59 -27 6.7 -3.2
SPDW SPDR Portfolio Developed World ex-US ETF 34.2 4 28 7.0 -2.9
IEUR iShares Core MSCI Europe ETF 33.9 9 23 7.1 -2.8
IEFA iShares Core MSCI EAFE ETF 33.8 7 25 7.2 -2.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 33.7 20 12 7.0 -2.9
VEA Vanguard FTSE Developed Markets ETF 33.4 5 27 7.3 -2.6
VGK Vanguard FTSE Europe ETF 33.3 8 24 7.3 -2.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 33.2 20 12 10.8 +1.0
QEFA SPDR MSCI EAFE Quality Mix ETF 33.0 30 2 6.8 -3.1
FEU SPDR Portfolio Europe ETF 32.8 9 23 7.2 -2.7
DEW WisdomTree Global High Dividend Fund 31.9 58 -26 9.1 -0.8
ESGD iShares MSCI EAFE ESG Optimized ETF 31.3 20 12 6.8 -3.1
IQIN IQ 500 International ETF 31.1 25 7 8.6 -1.3
VSGX Vanguard ESG International Stock ETF 30.7 17 15 7.0 -2.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 29.4 25 7 6.5 -3.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 29.0 39 -7 6.4 -3.5
VGFO Virtus WMC Global Factor Opportunities ETF 28.8 49 -17 7.8 -2.1
CIL VictoryShares International Volatility Weighted Index ETF 28.4 45 -13 6.5 -3.4
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 28.4 45 -13 6.5 -3.4
IVLU iShares Edge MSCI Intl Value Factor ETF 28.0 30 2 11.3 +1.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 27.4 14 18 6.9 -3.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 27.2 39 -7 8.2 -1.7
IGRO iShares International Dividend Growth ETF 26.9 22 10 7.8 -2.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 26.4 25 7 6.4 -3.5
IEMG iShares Core MSCI Emerging Markets ETF 25.2 13 19 7.8 -2.1
VWO Vanguard FTSE Emerging Markets ETF 24.9 10 22 8.0 -1.9
EEM iShares MSCI Emerging Markets ETF 24.6 68 -36 7.3 -2.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 24.5 65 -33 7.3 -2.6
ISZE iShares Edge MSCI Intl Size Factor ETF 24.4 30 2 7.2 -2.7
VPL Vanguard FTSE Pacific ETF 24.3 8 24 7.5 -2.4
FIVA Fidelity International Value Factor ETF 24.2 39 -7 9.8 -0.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 24.2 29 3 8.5 -1.4
SCHE Schwab Emerging Markets Equity ETF 23.3 11 21 7.9 -2.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 23.2 36 -4 8.0 -1.9
OEUR O'shares FTSE Europe Quality Dividend ETF 22.5 48 -16 6.6 -3.3
IQDF FlexShares International Quality Dividend Index Fund 22.4 47 -15 12.1 +2.2
AVDE Avantis International Equity ETF 22.3 23 9 7.7 -2.2
DOO WisdomTree International Dividend ex-Financials Fund 22.1 58 -26 8.6 -1.3
RNDM Developed International Equity Select ETF 22.1 65 -33 6.2 -3.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 21.8 24 8 7.0 -2.9
IPAC iShares Core MSCI Pacific ETF 21.6 9 23 7.2 -2.7
FLAX Franklin FTSE Asia Ex Japan ETF 21.6 19 13 7.6 -2.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 21.3 29 3 7.6 -2.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 21.2 59 -27 10.8 +0.9
LVIN Hartford Multifactor Low Volatility International Equity ETF 21.1 29 3 12.0 +2.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 21.1 15 17 8.6 -1.3
IQDE FlexShares International Quality Dividend Defensive Index Fd 21.1 47 -15 11.9 +2.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 21.0 30 2 8.6 -1.3
SPEM SPDR Portfolio Emerging Markets ETF 21.0 11 21 7.8 -2.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 20.9 68 -36 7.0 -2.9
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 20.6 30 2 0.0 -9.9
BKEM BNY Mellon Emerging Markets Equity ETF 20.5 11 21 8.4 -1.5
IXG iShares Global Financials ETF 20.0 46 -14 9.7 -0.2
JPIN JPMorgan Diversified Return International Equity ETF 19.7 37 -5 7.8 -2.1
JHEM John Hancock Multifactor Emerging Markets ETF 19.7 49 -17 8.3 -1.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 19.4 20 12 9.4 -0.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 19.0 45 -13 6.6 -3.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 18.9 30 2 6.0 -3.9
TPIF Timothy Plan International ETF 18.9 62 -30 6.2 -3.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 18.8 45 -13 7.8 -2.1
EURZ Xtrackers Eurozone Equity ETF 18.7 9 23 6.9 -3.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 18.5 30 2 7.7 -2.2
EZU iShares MSCI Eurozone ETF 18.5 49 -17 6.5 -3.4
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 18.4 45 -13 9.8 -0.1
FIDI Fidelity International High Dividend ETF 18.3 39 -7 11.0 +1.2
PXH Invesco FTSE RAFI Emerging Markets ETF 18.0 50 -18 13.2 +3.3

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

  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 10.5 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 32 bp
Equals: ALTAR Score 9.9 %
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.