DDWM
WisdomTree Dynamic Currency Hedged International Equity Fund
The WisdomTree Dynamic Currency Hedged International Equity ETF tracks an index of dividend-paying developed-market equities outside the US & Canada, weighted by cash dividends. The index dynamically hedges currency exposure for USD investors based on 3 equal-weighted signals.
Fund Basics
| Fund sponsor | WisdomTree |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 07, 2016 |
| Assets (mns) | $261 |
| Expense ratio | 40 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Dividends |
| Weighting | Dividend |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| HSBC HOLDINGS PLC | 1.6 % |
| NOVARTIS AG | 1.6 % |
| NESTLE SA-REG | 1.5 % |
| TOTAL SA | 1.4 % |
| BAYERISCHE MOTOREN WERKE AG | 1.2 % |
| TOYOTA MOTOR CORP | 1.2 % |
| FIAT CHRYSLER AUTOMOBILES NV | 1.2 % |
| LVMH MOET HENNESSY LOUIS VUI | 1.0 % |
| SIEMENS AG-REG | 1.0 % |
| ALLIANZ SE-REG | 1.0 % |
Constituent Breakdown
| Number of holdings | 1041 |
| Herfindahl-Hirschman Index | 43 |
| Wgt avg mkt cap (mns) | $76,750 |
| Large cap (>$10bn) | 80.9% |
| Mid cap ($2-10bn) | 15.5% |
| Small cap (<$2bn) | 3.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 18.5 % |
 |
BRITAIN | 15.1 % |
 |
FRANCE | 11.8 % |
 |
SWITZERLAND | 9.5 % |
 |
GERMANY | 9.0 % |
 |
AUSTRALIA | 6.9 % |
 |
SPAIN | 4.8 % |
 |
ITALY | 4.2 % |
 |
NETHERLANDS | 2.7 % |
 |
SINGAPORE | 2.4 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 6.9% | 16.7% | 11.0% | 9.8% | 8.2% | -- | 8.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.58 | 65% |
| MSCI EAFE | 0.70 | 88% |
| MSCI Emg Mkts | 0.56 | 60% |
Liquidity Measures
| Avg. volume (000) | 28 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $42,844 |
Technical Indicators
| Recent close | $33.95 |
| 30d moving avg. | $31.05 |
| Annualized volatility | 12.7% |
| Relative strength (RSI) | 66 |
| Short interest (ETF) | 0.6% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DDWM |
Expenses vs. DDWM |
ALTAR Score™ vs. DDWM |
|---|---|---|---|---|
| DWM | WisdomTree International Equity Fund | 92.3% | +8 bp | 0.0% |
| DOL | WisdomTree International LargeCap Dividend Fund | 72.5% | +8 bp | -0.1% |
| EFA | iShares MSCI EAFE ETF | 62.3% | -5 bp | -1.5% |
| IEFA | iShares Core MSCI EAFE ETF | 62.1% | -33 bp | -5.1% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 61.7% | -4 bp | -1.4% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 61.6% | -20 bp | -1.2% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 59.6% | -20 bp | -1.0% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 58.7% | -31 bp | +0.2% |
| PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 58.3% | +5 bp | +0.7% |
| EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 58.2% | -20 bp | -1.6% |
Risk and Returns: DDWM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/23/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
DDWM
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
DDWM
7.8%
Cat. Avg
7.1%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.8% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 257 funds in the International Equities category, with an average ALTAR Score™
of 7.1% and a standard deviation of
2.5%. DDWM's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places DDWM in the 60th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DDWM
Peer Average
Recent Trends
SELL
U/W
HOLD
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BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DDWM | 40.0 | 13.3 | 53.3 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .