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.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
296.0 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Fund sponsor | WisdomTree |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 07, 2016 |
| Assets (mns) | $296 |
| 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
| NOVARTIS AG | 1.7 % |
| HSBC HOLDINGS PLC | 1.5 % |
| TOTAL SA | 1.4 % |
| NESTLE SA-REG | 1.4 % |
| ROCHE HOLDING AG-BR | 1.3 % |
| UNILEVER PLC | 1.1 % |
| SHELL PLC | 1.0 % |
| ASTRAZENECA PLC | 1.0 % |
| ALLIANZ SE-REG | 1.0 % |
| INDITEX | 1.0 % |
Constituent Breakdown
| Number of holdings | 1057 |
| Herfindahl-Hirschman Index | 43 |
| Wgt avg mkt cap (mns) | $75,868 |
| Large cap (>$10bn) | 79.8% |
| Mid cap ($2-10bn) | 15.6% |
| Small cap (<$2bn) | 3.2% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 18.1 % |
 |
BRITAIN | 15.9 % |
 |
FRANCE | 11.5 % |
 |
SWITZERLAND | 9.4 % |
 |
GERMANY | 8.5 % |
 |
AUSTRALIA | 6.5 % |
 |
SPAIN | 5.2 % |
 |
ITALY | 4.6 % |
 |
SINGAPORE | 2.7 % |
 |
SWEDEN | 2.3 % |
Historical Performance
Standardized Performance (as of 08/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 14.6% | 22.4% | 18.9% | 10.2% | 9.8% | -- | 8.9% | Volatility | 9.1% | 10.2% | 12.4% | 12.7% | 17.6% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.58 | 66% |
| MSCI EAFE | 0.69 | 89% |
| MSCI Emg Mkts | 0.59 | 61% |
Liquidity Measures
| Avg. volume (000) | 32 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $32,002 |
Technical Indicators
| Recent close | $35.03 |
| 30d moving avg. | $35.14 |
| Annualized volatility | 12.9% |
| Relative strength (RSI) | 57 |
| 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 | 91.3% | +8 bp | 0.0% |
| DOL | WisdomTree International LargeCap Dividend Fund | 72.0% | +8 bp | -0.2% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 61.3% | -20 bp | -1.0% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 61.0% | -4 bp | -1.3% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 60.0% | -20 bp | -1.0% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 59.0% | -31 bp | 0.0% |
| IEFA | iShares Core MSCI EAFE ETF | 58.2% | -33 bp | -0.9% |
| EFA | iShares MSCI EAFE ETF | 58.1% | -5 bp | -1.2% |
| BKIE | BNY Mellon International Equity ETF | 57.7% | -36 bp | -0.8% |
| JHMD | John Hancock Multifactor Developed International ETF | 56.1% | -1 bp | -0.2% |
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
| 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 9/6/2024
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
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 Rating
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.
ALTAR Score™
DDWM
7.9%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 256 funds in the International Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
2.7%. DDWM's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places DDWM in the 58th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DDWMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| DDWM (40 bp) Percentile rank | 45 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DDWM | 40.0 | 13.3 | 53.3 |
| Peer Avg. | 35.7 | 19.0 | 54.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .