美股ETF总结 2 of 3: Ex-U.S. Market ETF

SQDU · 发表于 15-6-2019 20:08:41|来自：美国

本帖最后由 SQDU 于 16-6-2019 12:09 编辑

继续我上一个帖子，这里介绍第二部分，Ex-U.S. Market ETF.美股ETF总结 1 of 3: U.S. Market ETFhttps://bbs.sgcn.org/forum.php?m ... 997&fromuid=1091558
(出处: 新加坡狮城论坛)

1. 亚太（除日本）Asia-Pacific Ex-Japan

TICKER	SEGMENTS	EXPENSE RATIO	AUM	1 YEAR RETURN	3 YEAR RETURN	5 YEAR RETURN	10 YEAR RETURN	DIVIDEND YIELD
AAXJ	Equity: Asia-Pacific Ex-Japan - Total Market	0.69%	$4.05B	-10.63%	10.35%	3.62%	5.84%	2.48%
AIA	Equity: Asia-Pacific Ex-Japan - Large Cap	0.50%	$1.06B	-10.99%	12.80%	6.34%	8.12%	2.88%

2. 欧洲ETF

TICKER	SEGMENTS	EXPENSE RATIO	AUM	1 YEAR RETURN	3 YEAR RETURN	5 YEAR RETURN	10 YEAR RETURN	DIVIDEND YIELD
VGK	Equity: Developed Europe - Total Market	0.09%	$13.67B	-3.91%	8.07%	1.11%	6.60%	3.42%
EZU	Equity: Developed Europe - Total Market	0.47%	$6.13B	-6.45%	8.51%	0.74%	5.07%	3.13%
HEDJ	Equity: Developed Europe - Total Market	0.58%	$3.61B	1.26%	11.24%	6.45%	--	3.03%

HEDJ 带有汇率对冲，年化收益率从1,3,5年期看都优于VGK，那是因为近年欧元一直维持兑美元的贬值趋势。

3. 非美发达国家（Developed Market Ex-U.S.）

TICKER	SEGMENTS	EXPENSE RATIO	AUM	1 YEAR RETURN	3 YEAR RETURN	5 YEAR RETURN	10 YEAR RETURN	DIVIDEND YIELD
VEA	Equity: Developed Markets Ex-U.S. - Total Market	0.05%	$71.83B	-5.27%	7.99%	2.29%	6.53%	3.14%
IEFA	Equity: Developed Markets Ex-U.S. - Total Market	0.08%	$65.12B	-4.90%	8.22%	2.44%	--	3.19%
EFA	Equity: Developed Markets Ex-U.S. - Total Market	0.31%	$62.89B	-3.87%	8.09%	1.91%	6.22%	3.29%
SCHF	Equity: Developed Markets Ex-U.S. - Total Market	0.06%	$18.08B	-4.57%	8.12%	2.05%	--	3.19%
EFAV	Equity: Developed Markets Ex-U.S. - Total Market	0.20%	$11.30B	1.99%	6.55%	5.31%	--	3.43%
DBEF	Equity: Developed Markets Ex-U.S. - Total Market	0.35%	$4.88B	1.34%	11.11%	6.16%	--	3.29%
SPDW	Equity: Developed Markets Ex-U.S. - Total Market	0.04%	$4.68B	-4.90%	7.99%	2.20%	6.39%	3.12%
HEFA	Equity: Developed Markets Ex-U.S. - Total Market	0.35%	$2.88B	1.40%	11.12%	6.27%	--	3.29%

EFAV, 发达国家（除美国外）的Low-volatility ETF；
HEFA，是做了汇率对冲的EFA ETF，当美元处于强势时，可见其收益是高于EFA的。

4. 发展中国家（Emerging Market Ex-U.S.）

TICKER	SEGMENTS	EXPENSE RATIO	AUM	1 YEAR RETURN	3 YEAR RETURN	5 YEAR RETURN	10 YEAR RETURN	DIVIDEND YIELD
VWO	Equity: Emerging Markets - Total Market	0.12%	$63.15B	-4.95%	9.60%	1.74%	4.74%	2.69%
IEMG	Equity: Emerging Markets - Total Market	0.14%	$58.32B	-7.36%	10.11%	1.79%	--	2.64%
EEM	Equity: Emerging Markets - Total Market	0.67%	$31.92B	-7.21%	10.07%	1.31%	4.09%	2.65%
SCHE	Equity: Emerging Markets - Total Market	0.13%	$5.87B	-3.36%	10.44%	2.32%	--	2.70%

SCHE近5年的表现优于VWO，而费率相当。

5. 全球ETF（Global Market）

TICKER	SEGMENTS	EXPENSE RATIO	AUM	1 YEAR RETURN	3 YEAR RETURN	5 YEAR RETURN	10 YEAR RETURN	DIVIDEND YIELD
VT	Equity: Global - Total Market	0.09%	$12.28B	-0.05%	10.96%	6.10%	9.73%	2.37%
ACWI	Equity: Global - Total Market	0.31%	$10.58B	0.85%	11.27%	6.20%	9.58%	2.40%
ACWV	Equity: Global - Total Market	0.20%	$4.71B	10.84%	9.66%	9.12%	--	2.72%

所谓的“一只ETF买下全世界”，就是这几只了。

6.1 全球非美国ETF（Global Ex-U.S. Total Market）

TICKER	SEGMENTS	EXPENSE RATIO	AUM	1 YEAR RETURN	3 YEAR RETURN	5 YEAR RETURN	10 YEAR RETURN	DIVIDEND YIELD
VEU	Equity: Global Ex-U.S. - Total Market	0.09%	$23.42B	-4.33%	8.61%	2.18%	6.04%	3.08%
IXUS	Equity: Global Ex-U.S. - Total Market	0.10%	$14.56B	-5.30%	8.46%	2.13%	--	3.03%
VXUS	Equity: Global Ex-U.S. - Total Market	0.09%	$12.64B	-5.20%	8.35%	2.07%	--	3.04%

想买下全世界但不喜欢美国，那就选以上几只。

6.2 全球非美国房地产 ETF（Global Ex-U.S. Real Estate）

TICKER	SEGMENTS	EXPENSE RATIO	AUM	1 YEAR RETURN	3 YEAR RETURN	5 YEAR RETURN	10 YEAR RETURN	DIVIDEND YIELD
VNQI	Equity: Global Ex-U.S. Real Estate	0.12%	$5.96B	0.68%	7.62%	4.61%	--	3.72%
RWX	Equity: Global Ex-U.S. Real Estate	0.59%	$2.26B	2.63%	3.16%	2.11%	8.34%	3.57%

除去美国以外的其他国家和地区REIT ETF。

7. 高息股
以下是几只高息ETF，共同点是把美国排除在外。
7.1 High Dividend - Developed Market Ex-U.S.

TICKER	SEGMENTS	EXPENSE RATIO	AUM	1 YEAR RETURN	3 YEAR RETURN	5 YEAR RETURN	10 YEAR RETURN	DIVIDEND YIELD
IDV	Equity: Developed Markets Ex-U.S. - High Dividend Yield	0.50%	$4.37B	-1.41%	7.78%	-0.16%	7.17%	6.43%

7.2 High Dividend - Emerging Market

TICKER	SEGMENTS	EXPENSE RATIO	AUM	1 YEAR RETURN	3 YEAR RETURN	5 YEAR RETURN	10 YEAR RETURN	DIVIDEND YIELD
DEM	Equity: Emerging Markets - High Dividend Yield	0.63%	$2.21B	0.73%	12.84%	0.73%	4.86%	6.02%

7.3 High Dividend - Global Ex-U.S.

TICKER	SEGMENTS	EXPENSE RATIO	AUM	1 YEAR RETURN	3 YEAR RETURN	5 YEAR RETURN	10 YEAR RETURN	DIVIDEND YIELD
VIGI	Equity: Global Ex-U.S. - Total Market	0.25%	$1.13B	1.48%	8.58%	--	--	1.92%

VIGI是Ex-U.S., 对应U.S.的是VIG，强调股息持续若干年增长的股票，并不一定是高息。

TICKER	SEGMENTS	EXPENSE RATIO	AUM	1 YEAR RETURN	3 YEAR RETURN	5 YEAR RETURN	10 YEAR RETURN	DIVIDEND YIELD
VYMI	Equity: Global Ex-U.S. - High Dividend Yield	0.32%	$1.11B	-2.44%	8.03%	--	--	4.63%
DWX	Equity: Global Ex-U.S. - High Dividend Yield	0.45%	$842.59M	4.07%	8.82%	-0.59%	3.82%	4.33%

DWX和VYMI都是Ex-U.S., 而VYMI对应U.S.的是VYM，强调高息，整体息率要高。

8.1 Small Cap - Developed Market Ex-U.S.

TICKER	SEGMENTS	EXPENSE RATIO	AUM	1 YEAR RETURN	3 YEAR RETURN	5 YEAR RETURN	10 YEAR RETURN	DIVIDEND YIELD
SCZ	Equity: Developed Markets Ex-U.S. - Small Cap	0.39%	$9.53B	-10.76%	7.27%	4.34%	9.33%	2.61%
SCHC	Equity: Developed Markets Ex-U.S. - Small Cap	0.12%	$2.23B	-12.06%	5.22%	1.65%	--	2.60%
FNDC	Equity: Developed Markets Ex-U.S. - Small Cap	0.39%	$1.96B	-12.68%	6.16%	3.47%	--	2.89%
DLS	Equity: Developed Markets Ex-U.S. - Small Cap	0.58%	$1.66B	-11.53%	6.64%	3.28%	9.20%	4.08%

8.2 Small Cap - Emerging Market: DGS

TICKER	SEGMENTS	EXPENSE RATIO	AUM	1 YEAR RETURN	3 YEAR RETURN	5 YEAR RETURN	10 YEAR RETURN	DIVIDEND YIELD
DGS	Equity: Emerging Markets - Small Cap	0.63%	$1.45B	-7.99%	10.92%	2.34%	6.39%	4.52%
EWX	Equity: Emerging Markets - Small Cap	0.65%	$478.63M	-11.35%	7.43%	-0.03%	4.50%	3.09%

8.3 Small Cap - Global Ex-U.S.: VSS

TICKER	SEGMENTS	EXPENSE RATIO	AUM	1 YEAR RETURN	3 YEAR RETURN	5 YEAR RETURN	10 YEAR RETURN	DIVIDEND YIELD
VSS	Equity: Global Ex-U.S. - Small Cap	0.12%	$5.41B	-12.43%	5.87%	1.57%	7.25%	2.65%

9. 各国家和地区
下面就是各个国家或地区的ETF了，一般市值都比较小，在0.5~1.0bil之间。
澳大利亚：EWA
巴西：EWZ
加拿大：EWC
中国大陆：MCHI
FXI：投资50只在港股上市的市值最大的50只大陆企业，前十持仓包括腾讯、中移动、工行、中行、中石油等等，top 10 holdings占了ETF近60%的仓位。
MCHI：类似于FXI，但是不只仅限于在港股上市的大陆企业，于是乎像阿里巴巴，京东、百度这些巨头会在里面，而FXI是没有这些在美国上市的中概股的。
ASHR：就是沪深300，买的都是A股；
KWEB：投资中国互联网巨头，如腾讯、阿里巴巴、美团、网易、百度、京东等等。

TICKER	FUND NAME	GEOGRAPHY	SEGMENTS	SELECTION CRITERIA	EXPENSE RATIO	AUM	1 YEAR RETURN	3 YEAR RETURN	5 YEAR RETURN	10 YEAR RETURN	DIVIDEND YIELD	P/E	P/B	AVG DAILLY DOLLAR VOLUME
FXI	iShares China Large-Cap ETF	China	Equity: China - Large Cap	Hong Kong-listed	0.74%	$5.37B	-11.63%	9.95%	4.61%	2.70%	3.48%	9.47	1.21	$1.14B
MCHI	iShares MSCI China ETF	China	Equity: China - Total Market	Market Cap	0.59%	$4.20B	-17.82%	13.30%	6.29%	--	2.08%	14.12	1.81	$324.46M
KWEB	KraneShares CSI China Internet ETF	China	Equity: China Technology	Market Cap	0.70%	$1.51B	-32.61%	10.57%	5.13%	--	0.17%	-88.68	3.64	$109.30M
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	China	Equity: China - Total Market	Market Cap	0.66%	$1.42B	-7.93%	5.87%	10.26%	--	2.31%	13.08	1.64	$223.33M

对比了一下几只中国大陆ETF，以5年期收益为标准，会惊讶地发现，买A股的ETF ASHR的收益有10%（年化），比高大上的互联网企业KWEB的收益（年化5%左右）要高。

香港：EWH
此ETF投资的是港企，Top 10包含有Link REIT，AIA，港交所，恒生银行，新鸿基地产，怡和，长和等等。TOP 10持仓占据了ETF60%的仓位。

德国：EWG （有一只带货币对冲的HEWG，可是市值太小了；在欧元弱势的形势下，HEWG的表现明显优于不对冲货币的EWG）
印度：INDA （最近印度股市创新高了）
日本：EWJ新加坡：EWS（市值不大，只有500+mil，但是持有的股票都不错，都是我熟悉的，我是打算长期配置的）
EWS的持仓分布如下，可见EWS持有很多银行股，DBS+OCBC+UOB就占了40%的仓位。

NameHolding Allocation
DBS Group Holdings Ltd	17.46%
Oversea-Chinese Banking Corporation Limited	13.38%
United Overseas Bank Ltd. (Singapore)	12.60%
Singapore Telecommunications Limited	4.84%
Keppel Corporation Limited	4.31%
Ascendas Real Estate Investment Trust	3.94%
Singapore Technologies Engineering Ltd	3.35%
Wilmar International Limited	3.34%
Singapore Exchange Ltd.	3.07%
Comfortdelgro Corporation Limited	3.05%
Genting Singapore Limited	2.76%
Singapore Airlines Ltd.	2.60%
CapitaLand Limited	2.41%
Venture Corporation Limited	2.40%
City Developments Limited	2.33%
Suntec Real Estate Investment Trust	2.33%
UOL Group Limited	2.13%
Yangzijiang Shipbuilding (Holdings) Ltd.	2.13%
Jardine Cycle & Carriage Limited	2.09%
SATS Ltd	2.04%
Singapore Press Holdings Limited	1.89%
Sembcorp Industries Ltd.	1.49%
CapitaLand Mall Trust	1.39%
Golden Agri-Resources Ltd	1.37%
CapitaLand Commercial Trust	0.97%
U.S. Dollar	0.33%

西班牙：EWP
瑞士：EWL
台湾：EWT
泰国：THD
英国：EWU （脱欧。。。）
越南：VNM （亚洲之星啊）
印尼：EIDO
法国：EWQ
马来西亚：EWM
墨西哥：EWW
韩国：EWY（重仓了三星，单单三星一只股票就占整个ETF 20%以上的仓位，我觉得这样的ETF风险比较集中）
南非：EZA

这是ETF总结的第二部分，下一个帖子我会整理出一些Fixed Income，国债、企业债、垃圾债ETF。