AIVI vs. DBAW

Last updated Jun 4, 2026

AIVI (WisdomTree International Al Enhanced Value Fund) and DBAW (Xtrackers MSCI All World ex US Hedged Equity ETF) are both Foreign Large Cap Equities funds. AIVI is actively managed, while DBAW is passively managed. Over the past 10 years, AIVI returned 8.65%/yr vs 11.44%/yr for DBAW. A 0.77 correlation means they provide meaningful diversification when combined. AIVI charges 0.58%/yr vs 0.41%/yr for DBAW.

Performance

AIVI vs. DBAW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International Al Enhanced Value Fund (AIVI) and Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIVI achieves a 9.42% return, which is significantly lower than DBAW's 16.12% return. Over the past 10 years, AIVI has underperformed DBAW with an annualized return of 8.65%, while DBAW has yielded a comparatively higher 11.44% annualized return.

AIVI

• 1D: -0.67%
• 1M: 2.33%
• YTD: 9.42%
• 6M: 12.83%
• 1Y: 23.87%
• 3Y*: 18.38%
• 5Y*: 9.94%
• 10Y*: 8.65%

DBAW

• 1D: -0.51%
• 1M: 6.28%
• YTD: 16.12%
• 6M: 18.39%
• 1Y: 36.60%
• 3Y*: 21.15%
• 5Y*: 11.32%
• 10Y*: 11.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIVI vs. DBAW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIVI WisdomTree International Al Enhanced Value Fund	9.42%	38.68%	2.07%	18.11%	-9.78%	9.33%	-1.28%	17.55%	-9.25%	20.63%
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF	16.12%	26.47%	14.35%	16.26%	-13.35%	13.08%	7.44%	22.96%	-10.38%	18.79%

Correlation

The correlation between AIVI and DBAW is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jan 28, 2014	0.77

The correlation between AIVI and DBAW has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.

AIVI vs. DBAW - Sectors Allocation Comparison

Sectors	AIVI	DBAW
Financial Services	39.3%	24.1%
Industrials	16.1%	15.0%
Consumer Defensive	7.2%	5.3%
Basic Materials	6.7%	6.8%
Energy	5.6%	5.3%
Utilities	5.4%	3.2%
Consumer Cyclical	5.2%	7.9%
Healthcare	5.2%	7.2%
Technology	3.3%	18.7%
Real Estate	3.1%	1.5%
Communication Services	2.9%	5.0%

Return for Risk

AIVI vs. DBAW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIVI

AIVI Risk / Return Rank: 49
AIVI Sharpe Ratio Rank: 52
AIVI Sortino Ratio Rank: 51
AIVI Omega Ratio Rank: 51
AIVI Calmar Ratio Rank: 44
AIVI Martin Ratio Rank: 47

DBAW

DBAW Risk / Return Rank: 84
DBAW Sharpe Ratio Rank: 86
DBAW Sortino Ratio Rank: 86
DBAW Omega Ratio Rank: 87
DBAW Calmar Ratio Rank: 79
DBAW Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIVI vs. DBAW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Al Enhanced Value Fund (AIVI) and Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AIVI	DBAW	Difference
Sharpe ratio Return per unit of total volatility	1.81	2.86	-1.05
Sortino ratio Return per unit of downside risk	2.51	3.90	-1.39
Omega ratio Gain probability vs. loss probability	1.32	1.55	-0.23
Calmar ratio Return relative to maximum drawdown	2.20	4.09	-1.89
Martin ratio Return relative to average drawdown	7.72	16.97	-9.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIVI vs. DBAW - Sharpe Ratio Comparison

The current AIVI Sharpe Ratio is 1.81, which is lower than the DBAW Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of AIVI and DBAW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AIVI	DBAW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	2.86	-1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.83	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.75	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.63	-0.39

Drawdowns

AIVI vs. DBAW - Drawdown Comparison

The maximum AIVI drawdown since its inception was -65.98%, which is greater than DBAW's maximum drawdown of -31.44%. Use the drawdown chart below to compare losses from any high point for AIVI and DBAW.

Drawdown Indicators

	AIVI	DBAW	Difference
Max Drawdown Largest peak-to-trough decline	-65.98%	-31.44%	-34.54%
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	-9.00%	-1.92%
Max Drawdown (3Y) Largest decline over 3 years	-11.71%	-14.11%	+2.40%
Max Drawdown (5Y) Largest decline over 5 years	-28.05%	-17.87%	-10.18%
Max Drawdown (10Y) Largest decline over 10 years	-35.42%	-31.44%	-3.98%
Current Drawdown Current decline from peak	-2.69%	-0.51%	-2.18%
Average Drawdown Average peak-to-trough decline	-15.54%	-5.00%	-10.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	2.16%	+0.94%

Volatility

AIVI vs. DBAW - Volatility Comparison

The current volatility for WisdomTree International Al Enhanced Value Fund (AIVI) is 4.13%, while Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) has a volatility of 4.71%. This indicates that AIVI experiences smaller price fluctuations and is considered to be less risky than DBAW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIVI	DBAW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	4.71%	-0.58%
Volatility (6M) Calculated over the trailing 6-month period	10.81%	11.00%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	13.28%	12.88%	+0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.14%	13.74%	+1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.47%	15.28%	+1.19%

AIVI vs. DBAW - Expense Ratio Comparison

AIVI has a 0.58% expense ratio, which is higher than DBAW's 0.41% expense ratio.

Dividends

AIVI vs. DBAW - Dividend Comparison

AIVI's dividend yield for the trailing twelve months is around 4.21%, more than DBAW's 3.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIVI WisdomTree International Al Enhanced Value Fund	4.21%	4.70%	4.94%	5.05%	4.32%	5.53%	3.50%	4.31%	4.21%	3.65%	3.98%	4.23%
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF	3.29%	3.83%	1.70%	3.45%	8.81%	2.05%	2.08%	2.91%	2.93%	2.41%	1.99%	5.74%

Frequently Asked Questions

Can I hold both AIVI and DBAW in my portfolio?

AIVI and DBAW have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIVI or DBAW?

DBAW has higher volatility (4.71%) compared to AIVI (4.13%). In terms of maximum drawdown, AIVI dropped -65.98% vs DBAW's -31.44%.

Which ETF is better, AIVI or DBAW?

On 10-year performance, DBAW leads with 11.44% vs 8.65% for AIVI. On fees, DBAW is cheaper at 0.41% per year. On volatility, AIVI has been the lower-risk option at 4.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIVI or DBAW?

Over the 10-year period, DBAW has performed better with a 11.44% return vs 8.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIVI or DBAW?

DBAW is cheaper with a 0.41% expense ratio, compared with 0.58% for AIVI.

Which ETF pays a higher dividend yield, AIVI or DBAW?

AIVI has the higher dividend yield at 4.21%, compared with 3.29% for DBAW.

What is the main difference between AIVI and DBAW?

They also come from different issuers: WisdomTree and Deutsche Bank. Their fees differ too: 0.58% for AIVI and 0.41% for DBAW.

Which has better risk-adjusted returns?

DBAW currently has the higher Sharpe Ratio (2.86 vs 1.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.