DDWM vs. AVNM

Last updated Jul 14, 2026

DDWM (WisdomTree Dynamic Currency Hedged International Equity Fund) and AVNM (Avantis All International Markets Equity ETF) are both Foreign Large Cap Equities funds. DDWM is passively managed, while AVNM is actively managed. Over the past 3 years, DDWM returned 17.86%/yr vs 19.49%/yr for AVNM. Their correlation of 0.88 suggests significant overlap in exposure. DDWM charges 0.40%/yr vs 0.31%/yr for AVNM.

Performance

DDWM vs. AVNM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) and Avantis All International Markets Equity ETF (AVNM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDWM achieves a 7.93% return, which is significantly lower than AVNM's 11.92% return.

DDWM

• 1D: -0.60%
• 1M: 0.42%
• 6M: 4.42%
• YTD: 7.93%
• 1Y: 19.02%
• 3Y*: 17.86%
• 5Y*: 12.55%
• 10Y*: 10.35%

AVNM

• 1D: -1.49%
• 1M: -2.34%
• 6M: 7.93%
• YTD: 11.92%
• 1Y: 27.33%
• 3Y*: 19.49%
• 5Y*: —
• 10Y*: —

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

DDWM vs. AVNM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund	7.93%	30.07%	10.70%	5.76%
AVNM Avantis All International Markets Equity ETF	11.92%	38.30%	5.52%	8.60%

Correlation

The correlation between DDWM and AVNM is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.88

The correlation between DDWM and AVNM has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

DDWM vs. AVNM - Sectors Allocation Comparison

Sectors	DDWM	AVNM
Industrials	21.1%	17.1%
Financial Services	20.7%	22.5%
Consumer Cyclical	10.6%	9.9%
Technology	9.0%	15.0%
Healthcare	8.6%	4.2%
Consumer Defensive	7.4%	3.7%
Basic Materials	5.5%	11.4%
Communication Services	5.4%	4.4%
Utilities	5.2%	2.6%
Energy	3.7%	7.7%
Real Estate	3.0%	1.5%

Return for Risk

DDWM vs. AVNM — Risk / Return Rank

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

DDWM

DDWM Risk / Return Rank: 51
DDWM Sharpe Ratio Rank: 54
DDWM Sortino Ratio Rank: 53
DDWM Omega Ratio Rank: 56
DDWM Calmar Ratio Rank: 45
DDWM Martin Ratio Rank: 49

AVNM

AVNM Risk / Return Rank: 63
AVNM Sharpe Ratio Rank: 66
AVNM Sortino Ratio Rank: 62
AVNM Omega Ratio Rank: 66
AVNM Calmar Ratio Rank: 59
AVNM Martin Ratio Rank: 63

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.

DDWM vs. AVNM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) and Avantis All International Markets Equity ETF (AVNM). 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.

	DDWM	AVNM	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.71	-0.24
Sortino ratio: Return per unit of downside risk	2.06	2.31	-0.25
Omega ratio: Gain probability vs. loss probability	1.28	1.31	-0.04
Calmar ratio: Return relative to maximum drawdown	1.81	2.37	-0.56
Martin ratio: Return relative to average drawdown	6.46	8.89	-2.42

DDWM vs. AVNM - Sharpe Ratio Comparison

The current DDWM Sharpe Ratio is 1.47, which is comparable to the AVNM Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of DDWM and AVNM, 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

DDWM vs. AVNM - Drawdown Comparison

The maximum DDWM drawdown since its inception was -35.00%, which is greater than AVNM's maximum drawdown of -14.03%. Use the drawdown chart below to compare losses from any high point for DDWM and AVNM.

Drawdown Indicators

	DDWM	AVNM	Difference
Max Drawdown Largest peak-to-trough decline	-35.00%	-14.03%	-20.97%
Max Drawdown (1Y) Largest decline over 1 year	-10.56%	-11.59%	+1.03%
Max Drawdown (3Y) Largest decline over 3 years	-12.34%	-14.03%	+1.69%
Max Drawdown (5Y) Largest decline over 5 years	-14.79%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.00%	—	—
Current Drawdown Current decline from peak	-1.53%	-3.62%	+2.09%
Average Drawdown Average peak-to-trough decline	-4.03%	-2.54%	-1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.08%	-0.13%

Volatility

DDWM vs. AVNM - Volatility Comparison

The current volatility for WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) is 3.77%, while Avantis All International Markets Equity ETF (AVNM) has a volatility of 5.76%. This indicates that DDWM experiences smaller price fluctuations and is considered to be less risky than AVNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDWM	AVNM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	5.76%	-1.99%
Volatility (6M) Calculated over the trailing 6-month period	11.14%	14.25%	-3.11%
Volatility (1Y) Calculated over the trailing 1-year period	13.03%	16.11%	-3.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.39%	15.15%	-1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.06%	15.15%	-0.09%

DDWM vs. AVNM - Expense Ratio Comparison

DDWM has a 0.40% expense ratio, which is higher than AVNM's 0.31% expense ratio.

Dividends

DDWM vs. AVNM - Dividend Comparison

DDWM's dividend yield for the trailing twelve months is around 2.56%, more than AVNM's 2.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AVNM Avantis All International Markets Equity ETF	2.39%	2.76%	3.51%	1.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund	2.56%	2.47%	3.57%	4.46%	4.28%	3.73%	3.52%	3.63%	4.40%	2.65%	4.00%

Frequently Asked Questions

Can I hold both DDWM and AVNM in my portfolio?

DDWM and AVNM have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DDWM or AVNM?

AVNM has higher volatility (5.76%) compared to DDWM (3.77%). In terms of maximum drawdown, DDWM dropped -35.00% vs AVNM's -14.03%.

Which ETF is better, DDWM or AVNM?

On 3-year performance, AVNM leads with 19.49% vs 17.86% for DDWM. On fees, AVNM is cheaper at 0.31% per year. On volatility, DDWM has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DDWM or AVNM?

Over the 3-year period, AVNM has performed better with a 19.49% return vs 17.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DDWM or AVNM?

AVNM is cheaper with a 0.31% expense ratio, compared with 0.40% for DDWM.

Which ETF pays a higher dividend yield, DDWM or AVNM?

DDWM has the higher dividend yield at 2.56%, compared with 2.39% for AVNM.

What is the main difference between DDWM and AVNM?

They also come from different issuers: WisdomTree and Avantis. Their fees differ too: 0.40% for DDWM and 0.31% for AVNM.

Which has better risk-adjusted returns?

AVNM currently has the higher Sharpe Ratio (1.71 vs 1.47), 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.