DFE
WisdomTree Europe SmallCap Dividend Fund
WisdomTree Europe SmallCap Dividend Fund seeks investment results that correspond to the performance of the WisdomTree Europe SmallCap Dividend Index. The Fund invests in small-capitalization co
International
EQUITY
Rules-Based
MANAGEMENT STYLE
58 bp
EXPENSES
$174.2 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | WisdomTree ETFs/USA |
Category | International |
Asset class | Equity |
Website | link... |
Inception date | Jun 16, 2006 |
Assets (mns) | $174 |
Expense ratio | 58 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
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
SARAS SPA | 2.2 % |
MPC CONTAINER SHIPS ASA | 1.5 % |
OC OERLIKON CORP AG-REG | 1.4 % |
REDROW PLC | 1.3 % |
D/S NORDEN | 1.3 % |
OUTOKUMPU OYJ | 1.3 % |
SACYR VALLEHERMOSO SA | 1.1 % |
BANK OF GEORGIA HOLDINGS PLC | 1.1 % |
PLUS500 LTD. | 1.1 % |
PEAB AB | 1.1 % |
Constituent Breakdown
Number of holdings | 290 |
Herfindahl-Hirschman Index | 60 |
Wgt avg mkt cap (mns) | $1,174 |
Large cap (>$10bn) | 0.0% |
Mid cap ($2-10bn) | 18.9% |
Small cap (<$2bn) | 81.1% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
BRITAIN | 27.1 % | |
SWEDEN | 9.3 % | |
ITALY | 9.2 % | |
NORWAY | 6.1 % | |
GERMANY | 3.8 % | |
SWITZERLAND | 3.7 % | |
FRANCE | 3.7 % | |
DENMARK | 2.8 % | |
SPAIN | 2.2 % | |
FINLAND | 2.1 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 2.5% | 12.5% | 9.7% | -1.7% | 4.9% | 3.7% | 5.1% | Volatility | 14.2% | 16.0% | 20.5% | 20.4% | 23.0% | 19.5% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.99 | 65% |
MSCI EAFE | 1.19 | 88% |
MSCI Emg Mkts | 0.87 | 48% |
Liquidity Measures
Avg. volume (000) | 13 |
Turnover | 0.5% |
Avg. Bid/Ask (% of price) | 0.13% |
ADV of underlying (mns) | $381 |
Technical Indicators
Recent close | $61.13 |
30d moving avg. | $61.39 |
Annualized volatility | 22.1% |
Relative strength (RSI) | 57 |
Short interest (ETF) | 0.1% |
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. DFE |
Expenses vs. DFE |
ALTAR Score™ vs. DFE |
---|---|---|---|---|
DLS | WisdomTree International SmallCap Dividend Fund | 28.4% | 0 bp | -2.1% |
EWUS | iShares MSCI United Kingdom Small Cap ETF | 14.6% | +1 bp | -4.9% |
IEUS | iShares MSCI Europe Small-Cap ETF | 12.3% | -16 bp | -4.7% |
EUSC | WisdomTree Europe Hedged SmallCap Equity Fund | 11.0% | 0 bp | -1.3% |
Risk and Returns: DFE 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 7/25/2024
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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
DFE
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™
DFE
10.5%
Cat. Avg
7.2%
Fund Category: International
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 10.5% |
Recommendation
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.
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%. DFE's ALTAR Score™ is approximately
1.4 standard deviations
above
the category average. This places DFE in the 92nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DFE
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 |
DFE (58 bp) Percentile rank | 73 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
DFE | 58.0 | 13.3 | 71.3 |
Peer Avg. | 33.7 | 17.7 | 51.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .