APIE vs. DWMF

Last updated Jun 4, 2026

APIE (ActivePassive International Equity ETF) and DWMF (WisdomTree International Multifactor Fund) are both Foreign Large Cap Equities funds. Both are actively managed. Over the past 3 years, APIE returned 17.90%/yr vs 13.07%/yr for DWMF. A 0.72 correlation means they provide meaningful diversification when combined. APIE charges 0.45%/yr vs 0.38%/yr for DWMF.

Performance

APIE vs. DWMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ActivePassive International Equity ETF (APIE) 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, APIE achieves a 8.11% return, which is significantly higher than DWMF's 1.89% return.

APIE

• 1D: -1.51%
• 1M: 3.12%
• YTD: 8.11%
• 6M: 9.61%
• 1Y: 22.79%
• 3Y*: 17.90%
• 5Y*: —
• 10Y*: —

DWMF

• 1D: -0.69%
• 1M: -0.93%
• YTD: 1.89%
• 6M: 3.01%
• 1Y: 7.73%
• 3Y*: 13.07%
• 5Y*: 8.14%
• 10Y*: —

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

APIE vs. DWMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
APIE ActivePassive International Equity ETF	8.11%	31.46%	7.37%	7.98%
DWMF WisdomTree International Multifactor Fund	1.89%	24.42%	10.22%	2.03%

Correlation

The correlation between APIE and DWMF is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since May 4, 2023	0.72

The correlation between APIE and DWMF has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.

APIE vs. DWMF - Sectors Allocation Comparison

Sectors	APIE	DWMF
Technology	21.5%	4.0%
Financial Services	19.9%	20.0%
Industrials	14.4%	18.9%
Consumer Cyclical	9.8%	5.5%
Healthcare	9.2%	9.0%
Communication Services	7.2%	9.5%
Consumer Defensive	5.7%	11.5%
Basic Materials	5.4%	3.7%
Energy	3.4%	2.0%
Utilities	2.7%	9.2%
Real Estate	0.6%	6.7%

Return for Risk

APIE vs. DWMF — Risk / Return Rank

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

APIE

APIE Risk / Return Rank: 40
APIE Sharpe Ratio Rank: 40
APIE Sortino Ratio Rank: 40
APIE Omega Ratio Rank: 38
APIE Calmar Ratio Rank: 37
APIE Martin Ratio Rank: 42

DWMF

DWMF Risk / Return Rank: 20
DWMF Sharpe Ratio Rank: 21
DWMF Sortino Ratio Rank: 20
DWMF Omega Ratio Rank: 20
DWMF Calmar Ratio Rank: 20
DWMF Martin Ratio Rank: 21

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.

APIE vs. DWMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ActivePassive International Equity ETF (APIE) 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.

	APIE	DWMF	Difference
Sharpe ratio: Return per unit of total volatility	1.42	0.71	+0.71
Sortino ratio: Return per unit of downside risk	2.05	1.06	+0.99
Omega ratio: Gain probability vs. loss probability	1.25	1.13	+0.12
Calmar ratio: Return relative to maximum drawdown	1.84	0.89	+0.96
Martin ratio: Return relative to average drawdown	6.77	2.61	+4.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APIE vs. DWMF - Sharpe Ratio Comparison

The current APIE Sharpe Ratio is 1.42, which is higher than the DWMF Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of APIE 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.

Sharpe Ratios by Period

	APIE	DWMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	0.71	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.50	+0.55

Drawdowns

APIE vs. DWMF - Drawdown Comparison

The maximum APIE drawdown since its inception was -15.94%, smaller than the maximum DWMF drawdown of -29.72%. Use the drawdown chart below to compare losses from any high point for APIE and DWMF.

Drawdown Indicators

	APIE	DWMF	Difference
Max Drawdown Largest peak-to-trough decline	-15.94%	-29.72%	+13.78%
Max Drawdown (1Y) Largest decline over 1 year	-12.41%	-8.74%	-3.67%
Max Drawdown (3Y) Largest decline over 3 years	-15.94%	-8.74%	-7.20%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.00%	—
Current Drawdown Current decline from peak	-1.51%	-7.11%	+5.60%
Average Drawdown Average peak-to-trough decline	-2.76%	-3.90%	+1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	2.97%	+0.40%

Volatility

APIE vs. DWMF - Volatility Comparison

ActivePassive International Equity ETF (APIE) has a higher volatility of 5.51% compared to WisdomTree International Multifactor Fund (DWMF) at 3.36%. This indicates that APIE's price experiences larger fluctuations and is considered to be riskier than DWMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APIE	DWMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.51%	3.36%	+2.15%
Volatility (6M) Calculated over the trailing 6-month period	13.05%	8.73%	+4.32%
Volatility (1Y) Calculated over the trailing 1-year period	16.16%	11.02%	+5.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.83%	11.23%	+5.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.83%	14.11%	+2.72%

APIE vs. DWMF - Expense Ratio Comparison

APIE has a 0.45% expense ratio, which is higher than DWMF's 0.38% expense ratio.

Dividends

APIE vs. DWMF - Dividend Comparison

APIE's dividend yield for the trailing twelve months is around 3.43%, more than DWMF's 2.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
APIE ActivePassive International Equity ETF	3.43%	3.71%	2.14%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%
DWMF WisdomTree International Multifactor Fund	2.92%	2.80%	3.50%	4.01%	3.41%	3.54%	2.06%	2.77%	1.15%

Frequently Asked Questions

Can I hold both APIE and DWMF in my portfolio?

APIE and DWMF have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APIE or DWMF?

APIE has higher volatility (5.51%) compared to DWMF (3.36%). In terms of maximum drawdown, APIE dropped -15.94% vs DWMF's -29.72%.

Which ETF is better, APIE or DWMF?

On 3-year performance, APIE leads with 17.90% vs 13.07% for DWMF. On fees, DWMF is cheaper at 0.38% per year. On volatility, DWMF has been the lower-risk option at 3.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, APIE or DWMF?

Over the 3-year period, APIE has performed better with a 17.90% return vs 13.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, APIE or DWMF?

DWMF is cheaper with a 0.38% expense ratio, compared with 0.45% for APIE.

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

APIE has the higher dividend yield at 3.43%, compared with 2.92% for DWMF.

What is the main difference between APIE and DWMF?

They also come from different issuers: ActivePassive and WisdomTree. Their fees differ too: 0.45% for APIE and 0.38% for DWMF.

Which has better risk-adjusted returns?

APIE currently has the higher Sharpe Ratio (1.42 vs 0.71), 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.