CWI vs. DWMF
Compare and contrast key facts about SPDR MSCI ACWI ex-US ETF (CWI) and WisdomTree International Multifactor Fund (DWMF).
CWI and DWMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CWI is a passively managed fund by State Street that tracks the performance of the MSCI All Country World ex-U.S. Index. It was launched on Jan 10, 2007. DWMF is an actively managed fund by WisdomTree. It was launched on Aug 10, 2018.
Performance
CWI vs. DWMF - Performance Comparison
Loading graphics...
CWI vs. DWMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CWI SPDR MSCI ACWI ex-US ETF | 1.87% | 32.75% | 6.27% | 15.74% | -15.39% | 8.81% | 9.83% | 21.92% | -10.09% |
DWMF WisdomTree International Multifactor Fund | 3.84% | 24.42% | 10.22% | 10.78% | -7.31% | 11.24% | -1.18% | 16.10% | -7.30% |
Returns By Period
In the year-to-date period, CWI achieves a 1.87% return, which is significantly lower than DWMF's 3.84% return.
CWI
- 1D
- 3.22%
- 1M
- -8.11%
- YTD
- 1.87%
- 6M
- 6.68%
- 1Y
- 27.73%
- 3Y*
- 15.86%
- 5Y*
- 7.61%
- 10Y*
- 9.02%
DWMF
- 1D
- 2.44%
- 1M
- -5.33%
- YTD
- 3.84%
- 6M
- 6.56%
- 1Y
- 18.87%
- 3Y*
- 14.10%
- 5Y*
- 9.33%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CWI vs. DWMF - Expense Ratio Comparison
CWI has a 0.30% expense ratio, which is lower than DWMF's 0.38% expense ratio.
Return for Risk
CWI vs. DWMF — Risk / Return Rank
CWI
DWMF
CWI vs. DWMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI ex-US ETF (CWI) 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.
| CWI | DWMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 1.38 | +0.22 |
Sortino ratioReturn per unit of downside risk | 2.21 | 2.02 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.13 | +0.21 |
Martin ratioReturn relative to average drawdown | 9.07 | 8.12 | +0.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| CWI | DWMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.38 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.84 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.53 | -0.30 |
Correlation
The correlation between CWI and DWMF is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CWI vs. DWMF - Dividend Comparison
CWI's dividend yield for the trailing twelve months is around 2.91%, more than DWMF's 2.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWI SPDR MSCI ACWI ex-US ETF | 2.91% | 2.97% | 2.89% | 2.80% | 3.17% | 2.65% | 2.07% | 3.05% | 2.81% | 2.29% | 2.45% | 2.62% |
DWMF WisdomTree International Multifactor Fund | 2.87% | 2.80% | 3.50% | 4.01% | 3.41% | 3.54% | 2.06% | 2.77% | 1.15% | 0.00% | 0.00% | 0.00% |
Drawdowns
CWI vs. DWMF - Drawdown Comparison
The maximum CWI drawdown since its inception was -60.77%, which is greater than DWMF's maximum drawdown of -29.72%. Use the drawdown chart below to compare losses from any high point for CWI and DWMF.
Loading graphics...
Drawdown Indicators
| CWI | DWMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.77% | -29.72% | -31.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -8.74% | -2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -29.45% | -17.00% | -12.45% |
Max Drawdown (10Y)Largest decline over 10 years | -34.64% | — | — |
Current DrawdownCurrent decline from peak | -8.57% | -5.33% | -3.24% |
Average DrawdownAverage peak-to-trough decline | -12.95% | -3.88% | -9.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.29% | +0.67% |
Volatility
CWI vs. DWMF - Volatility Comparison
SPDR MSCI ACWI ex-US ETF (CWI) has a higher volatility of 8.14% compared to WisdomTree International Multifactor Fund (DWMF) at 5.84%. This indicates that CWI'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.
Loading graphics...
Volatility by Period
| CWI | DWMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.14% | 5.84% | +2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | 8.39% | +3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.37% | 13.70% | +3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 11.20% | +4.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 14.16% | +2.89% |