AIVI vs. DWMF

Last updated Jun 23, 2026

AIVI (WisdomTree International Al Enhanced Value Fund) and DWMF (WisdomTree International Multifactor Fund) are both Foreign Large Cap Equities funds from WisdomTree. Both are actively managed. Over the past 5 years, AIVI returned 10.94%/yr vs 9.32%/yr for DWMF. Their correlation of 0.84 suggests significant overlap in exposure. AIVI charges 0.58%/yr vs 0.38%/yr for DWMF.

Performance

AIVI vs. DWMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International Al Enhanced Value Fund (AIVI) and WisdomTree International Multifactor Fund (DWMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIVI achieves a 11.50% return, which is significantly higher than DWMF's 7.36% return.

AIVI

• 1D: 0.01%
• 1M: 1.05%
• YTD: 11.50%
• 6M: 12.35%
• 1Y: 27.21%
• 3Y*: 19.19%
• 5Y*: 10.94%
• 10Y*: 9.57%

DWMF

• 1D: -0.40%
• 1M: 3.53%
• YTD: 7.36%
• 6M: 7.03%
• 1Y: 15.03%
• 3Y*: 15.00%
• 5Y*: 9.32%
• 10Y*: —

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

AIVI vs. DWMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
AIVI WisdomTree International Al Enhanced Value Fund	11.50%	38.68%	2.07%	18.11%	-9.78%	9.33%	-1.28%	17.55%	-9.72%
DWMF WisdomTree International Multifactor Fund	7.36%	24.42%	10.22%	10.78%	-7.31%	11.24%	-1.18%	16.10%	-7.26%

Correlation

The correlation between AIVI and DWMF is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Aug 10, 2018	0.84

The correlation between AIVI and DWMF has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.

AIVI vs. DWMF - Sectors Allocation Comparison

Sectors	AIVI	DWMF
Financial Services	38.1%	19.9%
Industrials	15.9%	19.1%
Basic Materials	7.7%	3.9%
Consumer Defensive	7.2%	11.3%
Consumer Cyclical	6.1%	5.8%
Healthcare	5.5%	9.1%
Energy	5.1%	1.9%
Utilities	4.7%	8.9%
Technology	3.9%	4.5%
Real Estate	3.3%	6.3%
Communication Services	2.6%	9.4%

Return for Risk

AIVI vs. DWMF — Risk / Return Rank

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

AIVI

AIVI Risk / Return Rank: 58
AIVI Sharpe Ratio Rank: 63
AIVI Sortino Ratio Rank: 62
AIVI Omega Ratio Rank: 61
AIVI Calmar Ratio Rank: 52
AIVI Martin Ratio Rank: 52

DWMF

DWMF Risk / Return Rank: 37
DWMF Sharpe Ratio Rank: 38
DWMF Sortino Ratio Rank: 38
DWMF Omega Ratio Rank: 37
DWMF Calmar Ratio Rank: 35
DWMF Martin Ratio Rank: 33

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. DWMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Al Enhanced Value Fund (AIVI) and WisdomTree International Multifactor Fund (DWMF). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AIVI	DWMF	Difference
Sharpe ratio: Return per unit of total volatility	2.02	1.32	+0.70
Sortino ratio: Return per unit of downside risk	2.80	1.93	+0.87
Omega ratio: Gain probability vs. loss probability	1.36	1.24	+0.12
Calmar ratio: Return relative to maximum drawdown	2.50	1.73	+0.78
Martin ratio: Return relative to average drawdown	8.71	4.76	+3.95

AIVI vs. DWMF - Sharpe Ratio Comparison

The current AIVI Sharpe Ratio is 2.02, which is higher than the DWMF Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of AIVI and DWMF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIVI vs. DWMF - Drawdown Comparison

The maximum AIVI drawdown since its inception was -65.98%, which is greater than DWMF's maximum drawdown of -29.72%. Use the drawdown chart below to compare losses from any high point for AIVI and DWMF.

Drawdown Indicators

	AIVI	DWMF	Difference
Max Drawdown Largest peak-to-trough decline	-65.98%	-29.72%	-36.26%
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	-8.74%	-2.18%
Max Drawdown (3Y) Largest decline over 3 years	-11.71%	-8.74%	-2.97%
Max Drawdown (5Y) Largest decline over 5 years	-28.05%	-17.00%	-11.05%
Max Drawdown (10Y) Largest decline over 10 years	-35.42%	—	—
Current Drawdown Current decline from peak	-0.84%	-2.13%	+1.29%
Average Drawdown Average peak-to-trough decline	-15.50%	-3.90%	-11.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	3.16%	-0.03%

Volatility

AIVI vs. DWMF - Volatility Comparison

WisdomTree International Al Enhanced Value Fund (AIVI) and WisdomTree International Multifactor Fund (DWMF) have volatilities of 4.08% and 4.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIVI	DWMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	4.16%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	11.23%	9.39%	+1.84%
Volatility (1Y) Calculated over the trailing 1-year period	13.53%	11.46%	+2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	11.33%	+3.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.42%	14.13%	+2.29%

AIVI vs. DWMF - Expense Ratio Comparison

AIVI has a 0.58% expense ratio, which is higher than DWMF's 0.38% expense ratio.

Dividends

AIVI vs. DWMF - Dividend Comparison

AIVI's dividend yield for the trailing twelve months is around 4.13%, more than DWMF's 2.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIVI WisdomTree International Al Enhanced Value Fund	4.13%	4.70%	4.94%	5.05%	4.32%	5.53%	3.50%	4.31%	4.21%	3.65%	3.98%	4.23%
DWMF WisdomTree International Multifactor Fund	2.77%	2.80%	3.50%	4.01%	3.41%	3.54%	2.06%	2.77%	1.15%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AIVI and DWMF in my portfolio?

AIVI and DWMF have a correlation of 0.85, 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 DWMF?

DWMF has higher volatility (4.16%) compared to AIVI (4.08%). In terms of maximum drawdown, AIVI dropped -65.98% vs DWMF's -29.72%.

Which ETF is better, AIVI or DWMF?

On 5-year performance, AIVI leads with 10.94% vs 9.32% for DWMF. On fees, DWMF is cheaper at 0.38% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIVI or DWMF?

Over the 5-year period, AIVI has performed better with a 10.94% return vs 9.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIVI or DWMF?

DWMF is cheaper with a 0.38% expense ratio, compared with 0.58% for AIVI.

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

AIVI has the higher dividend yield at 4.13%, compared with 2.77% for DWMF.

What is the main difference between AIVI and DWMF?

Their fees differ too: 0.58% for AIVI and 0.38% for DWMF.

Which has better risk-adjusted returns?

AIVI currently has the higher Sharpe Ratio (2.02 vs 1.32), 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.