WTRE
WisdomTree New Economy Real Estate Fund
WTRE tracks a tier-weighted index of global real estate companies that have direct and/or indirect exposure to technology, sciences, or e-commerce. Holdings are selected based on a proprietary technology score and a leverage screening.
Fund Basics
| Fund sponsor | WisdomTree |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 05, 2007 |
| Assets (mns) | $24 |
| Expense ratio | 58 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| DIGITAL REALTY TRUST INC | 5.4 % |
| CELLNEX TELECOM S.A. | 4.9 % |
| EQUINIX INC | 4.8 % |
| CHINA TOWER CORP. LTD. CLASS H | 4.7 % |
| IRON MOUNTAIN INC | 4.5 % |
| GOODMAN GROUP | 4.5 % |
| PROLOGIS INC | 4.4 % |
| AMERICAN TOWER CORP-CL A | 4.2 % |
| AIRBNB, INC. CLASS A | 4.2 % |
| SBA COMMUNICATIONS CORP. CLASS A | 4.1 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 327 |
| Wgt avg mkt cap (mns) | $25,962 |
| Large cap (>$10bn) | 65.2% |
| Mid cap ($2-10bn) | 31.8% |
| Small cap (<$2bn) | 2.9% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
UNITED STATES | 60.2 % |
 |
AUSTRALIA | 6.7 % |
 |
BRITAIN | 5.8 % |
 |
SINGAPORE | 5.4 % |
 |
SPAIN | 4.9 % |
 |
JAPAN | 4.8 % |
 |
CHINA | 4.7 % |
 |
CANADA | 2.7 % |
 |
BELGIUM | 1.3 % |
 |
ITALY | 1.2 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 0.2% | -16.9% | -19.8% | -7.3% | -8.5% | -0.9% | -1.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.37% |
| ADV of underlying (mns) | $2,209 |
Technical Indicators
| Recent close | $16.95 |
| 30d moving avg. | $16.77 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 5.3% |
| 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. WTRE |
Expenses vs. WTRE |
ALTAR Score™ vs. WTRE |
|---|---|---|---|---|
| DTRE | Alerian Disruptive Technology Real Estate ETF | 50.3% | +2 bp | +2.7% |
| ROOF | IQ US Real Estate Small Cap ETF | 45.1% | +2 bp | -0.3% |
| PSR | Invesco Active U.S. Real Estate Fund | 34.8% | -23 bp | +1.7% |
| SRVR | Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF | 33.1% | +2 bp | +1.9% |
| DFGR | Dimensional Global Real Estate ETF | 33.0% | -36 bp | +1.7% |
| AVRE | Avantis Real Estate ETF | 32.5% | -41 bp | +1.4% |
| EWRE | Invesco S&P 500 Equal Weight Real Estate ETF | 32.5% | -18 bp | +2.0% |
| DFAR | Dimensional US Real Estate ETF | 31.8% | -39 bp | +2.0% |
| SCHH | Schwab U.S. REIT ETF | 31.4% | -51 bp | +2.2% |
| XLRE | The Real Estate Select Sector SPDR Fund | 31.0% | -48 bp | +1.7% |
Risk and Returns: WTRE 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 6/7/2023
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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
WTRE
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™
WTRE
4.9%
Cat. Avg
3.9%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.9% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 343 funds in the Global Equities category, with an average ALTAR Score™
of 3.9% and a standard deviation of
4.9%. WTRE's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places WTRE in the 58th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
WTRE
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) |
|
|---|---|---|---|
| WTRE | 58.0 | 37.0 | 95 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .