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
1.7 B
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
| Fund sponsor | Deutsche Bank |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 12, 2015 |
| Assets (mns) | $1,669 |
| 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 | 6.9 % |
| NOVARTIS AG | 5.4 % |
| UNILEVER PLC | 5.3 % |
| TOTAL SA | 4.7 % |
| BHP BILLITON LTD | 4.5 % |
| SANOFI-AVENTIS | 4.1 % |
| ALLIANZ SE-REG | 3.9 % |
| ZURICH FINANCIAL SERVICES AG | 2.7 % |
| RIO TINTO PLC | 2.5 % |
| BRITISH AMERICAN TOBACCO PLC | 2.4 % |
Constituent Breakdown
| Number of holdings | 134 |
| Herfindahl-Hirschman Index | 257 |
| Wgt avg mkt cap (mns) | $74,386 |
| Large cap (>$10bn) | 86.1% |
| Mid cap ($2-10bn) | 7.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
SWITZERLAND | 22.7 % |
 |
BRITAIN | 19.4 % |
 |
FRANCE | 16.0 % |
 |
AUSTRALIA | 9.2 % |
 |
GERMANY | 6.8 % |
 |
JAPAN | 5.6 % |
 |
SINGAPORE | 4.9 % |
 |
NETHERLANDS | 2.5 % |
 |
HONG KONG | 2.4 % |
 |
SWEDEN | 2.1 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.3% | 20.9% | 20.9% | 8.6% | 6.6% | -- | 6.2% | Volatility | 11.4% | 11.6% | 13.2% | 14.8% | 18.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.71 | 53% |
| MSCI EAFE | 0.89 | 85% |
| MSCI Emg Mkts | 0.78 | 64% |
Liquidity Measures
| Avg. volume (000) | 254 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $6,754 |
Technical Indicators
| Recent close | $24.95 |
| 30d moving avg. | $26.29 |
| Annualized volatility | 16.9% |
| Relative strength (RSI) | 45 |
| 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. HDEF |
Expenses vs. HDEF |
ALTAR Score™ vs. HDEF |
|---|---|---|---|---|
| LVHI | Franklin International Low Volatility High Dividend Index ET | 41.5% | +31 bp | +0.1% |
| VWID | Virtus WMC International Dividend ETF | 39.7% | +40 bp | -0.3% |
| DTH | WisdomTree International High Dividend Fund | 34.6% | +49 bp | +0.3% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 31.5% | 0 bp | -1.8% |
| SCHY | Schwab International Dividend Equity ETF | 30.2% | +5 bp | -0.6% |
| DOL | WisdomTree International LargeCap Dividend Fund | 29.9% | +39 bp | -1.9% |
| EFV | iShares MSCI EAFE Value ETF | 29.5% | +25 bp | -0.4% |
| CID | VictoryShares International High Div Volatility Wtd ETF | 29.5% | +36 bp | +0.6% |
| QLVD | FlexShares Developed Markets ex-US Quality Low Volatility In | 28.9% | +23 bp | -3.9% |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | 25.1% | +13 bp | -3.3% |
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 11/22/2024
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.
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ETF Research Center Rating
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.
ALTAR Score™
HDEF
9.9%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. HDEF's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places HDEF in the 84th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
HDEFSELL
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 |
| 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 | 27.5 | 70.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .