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.
Fund Basics
Fund sponsor | Deutsche Bank |
Category | International Equities |
Asset class | Equity |
Website | link... |
Inception date | Aug 12, 2015 |
Assets (mns) | $1,505 |
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
NOVARTIS AG | 5.1 % |
UNILEVER PLC | 4.6 % |
BHP BILLITON LTD | 4.6 % |
TOTAL SA | 4.5 % |
ALLIANZ SE-REG | 4.1 % |
SANOFI-AVENTIS | 4.1 % |
ZURICH FINANCIAL SERVICES AG | 2.9 % |
RIO TINTO PLC | 2.8 % |
IBERDROLA SA | 2.6 % |
AXA SA | 2.4 % |
Constituent Breakdown
Number of holdings | 140 |
Herfindahl-Hirschman Index | 213 |
Wgt avg mkt cap (mns) | $73,048 |
Large cap (>$10bn) | 90.8% |
Mid cap ($2-10bn) | 9.2% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 99.9% |
Emerging mkts. | 0.1% |
Country Exposure
SWITZERLAND | 16.7 % | |
BRITAIN | 16.4 % | |
FRANCE | 14.0 % | |
AUSTRALIA | 12.2 % | |
JAPAN | 8.3 % | |
GERMANY | 8.1 % | |
SINGAPORE | 4.6 % | |
SPAIN | 3.2 % | |
HONG KONG | 2.8 % | |
SWEDEN | 2.5 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
0.8% | 12.7% | 6.9% | 6.6% | 6.8% | -- | 5.9% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.69 | 54% |
MSCI EAFE | 0.88 | 83% |
MSCI Emg Mkts | 0.74 | 64% |
Liquidity Measures
Avg. volume (000) | 180 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.05% |
ADV of underlying (mns) | $7,045 |
Technical Indicators
Recent close | $24.50 |
30d moving avg. | $23.27 |
Annualized volatility | 16.5% |
Relative strength (RSI) | 69 |
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. HDEF |
Expenses vs. HDEF |
ALTAR Score™ vs. HDEF |
---|---|---|---|---|
HDAW | Xtrackers MSCI All World ex US High Dividend Yield Equity ET | 64.9% | +11 bp | +0.9% |
VWID | Virtus WMC International Dividend ETF | 45.0% | +40 bp | -0.4% |
DTH | WisdomTree International High Dividend Fund | 36.4% | +49 bp | +0.4% |
LVHI | Franklin International Low Volatility High Dividend Index ET | 31.8% | +31 bp | +0.4% |
CID | VictoryShares International High Div Volatility Wtd ETF | 30.2% | +36 bp | -0.3% |
EFV | iShares MSCI EAFE Value ETF | 29.3% | +25 bp | -0.7% |
DIVI | Franklin International Core Dividend Tilt Index ETF | 28.7% | 0 bp | -1.7% |
SCHY | Schwab International Dividend Equity ETF | 28.3% | +5 bp | -0.5% |
DOL | WisdomTree International LargeCap Dividend Fund | 28.0% | +39 bp | -2.0% |
OEUR | ALPS O'Shares Europe Quality Dividend ETF | 27.6% | +39 bp | -4.0% |
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.
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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 4/25/2024
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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
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.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
HDEF
9.8%
Cat. Avg
7.2%
Fund Category: International Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 9.8% |
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 257 funds in the International Equities category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.5%. HDEF's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places HDEF in the 85th 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
Market Activity
Latest price | |
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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) |
|
---|---|---|---|
HDEF | 9.0 | 5.1 | 14.1 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .