HDEF
Xtrackers MSCI EAFE High Dividend Yield Equity ETF
The Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF tracks a cap-weighted index of developed country stocks, ex-North America, selected by quality and dividend factors. The fund is currency hedged for USD investors.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
9 bp
EXPENSES
$1.5 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Deutsche Bank |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 12, 2015 |
| Assets (mns) | $1,544 |
| Expense ratio | 9 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROCHE HOLDING AG-BR | 5.9 % |
| NOVARTIS AG | 5.1 % |
| UNILEVER PLC | 4.9 % |
| BHP BILLITON LTD | 4.6 % |
| TOTAL SA | 4.5 % |
| ALLIANZ SE-REG | 3.7 % |
| SANOFI-AVENTIS | 3.6 % |
| ZURICH FINANCIAL SERVICES AG | 2.7 % |
| RIO TINTO PLC | 2.6 % |
| BRITISH AMERICAN TOBACCO PLC | 2.1 % |
Constituent Breakdown
| Number of holdings | 135 |
| Herfindahl-Hirschman Index | 229 |
| Wgt avg mkt cap (mns) | $69,462 |
| Large cap (>$10bn) | 85.8% |
| Mid cap ($2-10bn) | 8.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
SWITZERLAND | 21.3 % |
 |
BRITAIN | 18.5 % |
 |
FRANCE | 14.8 % |
 |
AUSTRALIA | 9.5 % |
 |
GERMANY | 6.5 % |
 |
JAPAN | 5.6 % |
 |
SINGAPORE | 4.7 % |
 |
HONG KONG | 2.4 % |
 |
NETHERLANDS | 2.3 % |
 |
ITALY | 1.9 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 1.9% | 11.9% | 14.0% | 5.7% | 6.4% | -- | 5.8% | Volatility | 10.5% | 12.3% | 15.1% | 14.5% | 18.8% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.68 | 54% |
| MSCI EAFE | 0.88 | 84% |
| MSCI Emg Mkts | 0.75 | 62% |
Liquidity Measures
| Avg. volume (000) | 151 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $5,920 |
Technical Indicators
| Recent close | $25.19 |
| 30d moving avg. | $24.95 |
| Annualized volatility | 16.7% |
| Relative strength (RSI) | 54 |
| 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)
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. HDEF |
Expenses vs. HDEF |
ALTAR Score™ vs. HDEF |
|---|---|---|---|---|
| HDAW | Xtrackers MSCI All World ex US High Dividend Yield Equity ET | 61.8% | +11 bp | +0.7% |
| LVHI | Franklin International Low Volatility High Dividend Index ET | 40.2% | +31 bp | +0.8% |
| VWID | Virtus WMC International Dividend ETF | 38.3% | +40 bp | -0.3% |
| DTH | WisdomTree International High Dividend Fund | 34.4% | +49 bp | +0.5% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 30.2% | 0 bp | -1.9% |
| DOL | WisdomTree International LargeCap Dividend Fund | 29.5% | +39 bp | -1.8% |
| EFV | iShares MSCI EAFE Value ETF | 29.1% | +25 bp | -0.6% |
| SCHY | Schwab International Dividend Equity ETF | 28.6% | +5 bp | -0.6% |
| CID | VictoryShares International High Div Volatility Wtd ETF | 28.6% | +36 bp | -0.5% |
| QLVD | FlexShares Developed Markets ex-US Quality Low Volatility In | 27.0% | +23 bp | -3.8% |
Risk and Returns: HDEF 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
HDEF
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™
HDEF
9.5%
Cat. Avg
7.2%
Fund Category: International
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.5% |
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%. HDEF's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places HDEF in the 83rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
HDEF
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 |
| HDEF (9 bp) Percentile rank | 8 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| HDEF | 9.0 | 5.1 | 14.1 |
| Peer Avg. | 42.8 | 31.4 | 74.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .