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) | $237 |
| 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
| BHP BILLITON LTD | 3.4 % |
| NOVARTIS AG | 1.9 % |
| SHELL PLC | 1.7 % |
| TOTAL SA | 1.6 % |
| HSBC HOLDINGS PLC | 1.6 % |
| NESTLE SA-REG | 1.6 % |
| LVMH MOET HENNESSY LOUIS VUI | 1.3 % |
| TOYOTA MOTOR CORP | 1.1 % |
| RIO TINTO PLC | 1.1 % |
| ROCHE HOLDING LTD | 1.0 % |
Constituent Breakdown
| Number of holdings | 1039 |
| Herfindahl-Hirschman Index | 54 |
| Wgt avg mkt cap (mns) | $35,917 |
| Large cap (>$10bn) | 29.1% |
| Mid cap ($2-10bn) | 16.4% |
| Small cap (<$2bn) | 4.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 21.3 % |
 |
BRITAIN | 14.7 % |
 |
FRANCE | 10.8 % |
 |
AUSTRALIA | 10.6 % |
 |
SWITZERLAND | 9.1 % |
 |
GERMANY | 7.3 % |
 |
SPAIN | 3.9 % |
 |
HONG KONG | 2.8 % |
 |
SINGAPORE | 2.7 % |
 |
ITALY | 2.5 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 9.1% | 15.7% | 4.6% | 10.6% | 5.2% | -- | 7.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.66 | 69% |
| MSCI EAFE | 0.74 | 91% |
| MSCI Emg Mkts | 0.58 | 53% |
Liquidity Measures
| Avg. volume (000) | 40 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.14% |
| ADV of underlying (mns) | $24,396 |
Technical Indicators
| Recent close | $30.60 |
| 30d moving avg. | $31.00 |
| Annualized volatility | 14.2% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.0% |
| 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 | 91.2% | +8 bp | +0.0% |
| DOL | WisdomTree International LargeCap Dividend Fund | 71.1% | +8 bp | +0.8% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 61.4% | -31 bp | -0.7% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 61.3% | -20 bp | -1.7% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 60.8% | -5 bp | -2.4% |
| EFA | iShares MSCI EAFE ETF | 60.2% | -8 bp | -2.2% |
| IEFA | iShares Core MSCI EAFE ETF | 59.8% | -33 bp | -2.3% |
| HFXI | IQ 50 Percent Hedged FTSE International ETF | 59.7% | -20 bp | -2.0% |
| PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 58.5% | +5 bp | -0.7% |
| BKIE | BNY Mellon International Equity ETF | 56.8% | -36 bp | -1.5% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 9/28/2023
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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
9.9%
Cat. Avg
8.2%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.9% |
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 271 funds in the International Equities category, with an average ALTAR Score™
of 8.2% and a standard deviation of
2.6%. DDWM's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places DDWM in the 75th 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
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
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 | 14.4 | 54.4 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .