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.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
40 bp
EXPENSES
$288.0 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | WisdomTree |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 07, 2016 |
| Assets (mns) | $288 |
| 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
| NOVARTIS AG | 1.7 % |
| HSBC HOLDINGS PLC | 1.6 % |
| NESTLE SA-REG | 1.6 % |
| TOTAL SA | 1.5 % |
| ROCHE HOLDING AG-BR | 1.2 % |
| ASTRAZENECA PLC | 1.1 % |
| SHELL PLC | 1.1 % |
| INDITEX | 1.1 % |
| TOYOTA MOTOR CORP | 1.0 % |
| UNILEVER PLC | 1.0 % |
Constituent Breakdown
| Number of holdings | 1038 |
| Herfindahl-Hirschman Index | 45 |
| Wgt avg mkt cap (mns) | $75,860 |
| Large cap (>$10bn) | 79.6% |
| Mid cap ($2-10bn) | 15.6% |
| Small cap (<$2bn) | 3.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 18.3 % |
 |
BRITAIN | 15.9 % |
 |
FRANCE | 11.5 % |
 |
SWITZERLAND | 9.3 % |
 |
GERMANY | 8.5 % |
 |
AUSTRALIA | 6.6 % |
 |
SPAIN | 5.2 % |
 |
ITALY | 4.4 % |
 |
SINGAPORE | 2.7 % |
 |
SWEDEN | 2.4 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 8.2% | 14.7% | 15.7% | 8.7% | 7.8% | -- | 8.3% | Volatility | 9.1% | 10.2% | 12.4% | 12.7% | 17.6% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.57 | 66% |
| MSCI EAFE | 0.69 | 88% |
| MSCI Emg Mkts | 0.55 | 59% |
Liquidity Measures
| Avg. volume (000) | 26 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $40,586 |
Technical Indicators
| Recent close | $34.49 |
| 30d moving avg. | $34.63 |
| Annualized volatility | 12.8% |
| Relative strength (RSI) | 57 |
| 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)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DDWM |
Expenses vs. DDWM |
ALTAR Score™ vs. DDWM |
|---|---|---|---|---|
| DWM | WisdomTree International Equity Fund | 91.7% | +8 bp | -0.1% |
| DOL | WisdomTree International LargeCap Dividend Fund | 73.2% | +8 bp | -0.1% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 60.5% | -20 bp | -1.2% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 60.0% | -20 bp | -1.0% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 59.9% | -31 bp | -0.3% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 59.8% | -4 bp | -1.3% |
| EFA | iShares MSCI EAFE ETF | 58.9% | -5 bp | -1.4% |
| IEFA | iShares Core MSCI EAFE ETF | 58.8% | -33 bp | -1.1% |
| BKIE | BNY Mellon International Equity ETF | 56.5% | -36 bp | -1.0% |
| EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 55.6% | -20 bp | -1.8% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
DDWM
7.9%
Cat. Avg
7.2%
Fund Category: International
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.9% |
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 258 funds in the International category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.4%. DDWM's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places DDWM in the 61st 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
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| DDWM (40 bp) Percentile rank | 45 |
Peer Group Expense Ratio Distribution
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. | 33.7 | 17.7 | 51.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .