DDWM vs. CIL

Last updated Jun 3, 2026

DDWM (WisdomTree Dynamic Currency Hedged International Equity Fund) and CIL (VictoryShares International Volatility Wtd ETF) are both Foreign Large Cap Equities funds - DDWM tracks the WisdomTree Dynamic Currency Hedged International Equity Index while CIL tracks the Nasdaq Victory International 500 Volatility Weighted Index. Both are passively managed. Over the past 10 years, DDWM returned 10.42%/yr vs 8.21%/yr for CIL. A 0.69 correlation means they provide meaningful diversification when combined. DDWM charges 0.40%/yr vs 0.45%/yr for CIL.

Performance

DDWM vs. CIL - Performance Comparison

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

Returns By Period

In the year-to-date period, DDWM achieves a 7.16% return, which is significantly higher than CIL's 5.44% return. Over the past 10 years, DDWM has outperformed CIL with an annualized return of 10.42%, while CIL has yielded a comparatively lower 8.21% annualized return.

DDWM

• 1D: 0.40%
• 1M: 2.50%
• YTD: 7.16%
• 6M: 9.88%
• 1Y: 20.15%
• 3Y*: 18.10%
• 5Y*: 12.49%
• 10Y*: 10.42%

CIL

• 1D: 0.00%
• 1M: 0.00%
• YTD: 5.44%
• 6M: 8.27%
• 1Y: 16.20%
• 3Y*: 15.59%
• 5Y*: 7.45%
• 10Y*: 8.21%

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

DDWM vs. CIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund	7.16%	30.07%	10.70%	15.25%	-0.77%	14.84%	-4.56%	21.43%	-11.75%	18.80%
CIL VictoryShares International Volatility Wtd ETF	5.44%	32.99%	3.76%	16.29%	-16.00%	11.07%	7.21%	19.13%	-13.34%	27.67%

Correlation

The correlation between DDWM and CIL is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Feb 5, 2016	0.69

The correlation between DDWM and CIL shifts across timeframes, from 0.65 (1 year) to 0.82 (3 years), reflecting how their relationship changes across market environments.

DDWM vs. CIL - Sectors Allocation Comparison

Sectors	DDWM	CIL
Industrials	21.1%	18.4%
Financial Services	20.6%	24.8%
Consumer Cyclical	10.3%	8.2%
Healthcare	8.8%	7.7%
Technology	8.1%	6.4%
Consumer Defensive	7.5%	8.8%
Communication Services	5.5%	5.8%
Utilities	5.5%	6.6%
Basic Materials	5.4%	6.6%
Energy	4.1%	4.6%
Real Estate	3.1%	2.2%

Return for Risk

DDWM vs. CIL — Risk / Return Rank

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

DDWM

DDWM Risk / Return Rank: 44
DDWM Sharpe Ratio Rank: 46
DDWM Sortino Ratio Rank: 45
DDWM Omega Ratio Rank: 48
DDWM Calmar Ratio Rank: 39
DDWM Martin Ratio Rank: 44

CIL

CIL Risk / Return Rank: 73
CIL Sharpe Ratio Rank: 61
CIL Sortino Ratio Rank: 62
CIL Omega Ratio Rank: 73
CIL Calmar Ratio Rank: 81
CIL Martin Ratio Rank: 86

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. CIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) and VictoryShares International Volatility Wtd ETF (CIL). 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.

	DDWM	CIL	Difference
Sharpe ratio Return per unit of total volatility	1.61	2.07	-0.46
Sortino ratio Return per unit of downside risk	2.24	2.96	-0.72
Omega ratio Gain probability vs. loss probability	1.30	1.45	-0.14
Calmar ratio Return relative to maximum drawdown	2.01	4.32	-2.31
Martin ratio Return relative to average drawdown	7.39	18.62	-11.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DDWM vs. CIL - Sharpe Ratio Comparison

The current DDWM Sharpe Ratio is 1.61, which is comparable to the CIL Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of DDWM and CIL, 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

	DDWM	CIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	2.07	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.46	+0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.48	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.43	+0.26

Drawdowns

DDWM vs. CIL - Drawdown Comparison

The maximum DDWM drawdown since its inception was -35.00%, roughly equal to the maximum CIL drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for DDWM and CIL.

Drawdown Indicators

	DDWM	CIL	Difference
Max Drawdown Largest peak-to-trough decline	-35.00%	-36.27%	+1.27%
Max Drawdown (1Y) Largest decline over 1 year	-10.56%	-4.60%	-5.96%
Max Drawdown (3Y) Largest decline over 3 years	-12.34%	-11.96%	-0.38%
Max Drawdown (5Y) Largest decline over 5 years	-14.79%	-29.89%	+15.10%
Max Drawdown (10Y) Largest decline over 10 years	-35.00%	-36.27%	+1.27%
Current Drawdown Current decline from peak	-2.23%	-0.58%	-1.65%
Average Drawdown Average peak-to-trough decline	-4.05%	-6.56%	+2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	1.07%	+1.80%

Volatility

DDWM vs. CIL - Volatility Comparison

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) has a higher volatility of 3.99% compared to VictoryShares International Volatility Wtd ETF (CIL) at 0.00%. This indicates that DDWM's price experiences larger fluctuations and is considered to be riskier than CIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDWM	CIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	0.00%	+3.99%
Volatility (6M) Calculated over the trailing 6-month period	10.43%	4.42%	+6.01%
Volatility (1Y) Calculated over the trailing 1-year period	12.61%	8.26%	+4.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.32%	16.49%	-3.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.32%	17.18%	-1.86%

DDWM vs. CIL - Expense Ratio Comparison

DDWM has a 0.40% expense ratio, which is lower than CIL's 0.45% expense ratio.

Dividends

DDWM vs. CIL - Dividend Comparison

DDWM's dividend yield for the trailing twelve months is around 2.31%, more than CIL's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIL VictoryShares International Volatility Wtd ETF	1.67%	2.70%	3.46%	2.91%	2.41%	3.04%	1.73%	2.69%	2.85%	2.17%	2.34%	0.43%
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund	2.31%	2.47%	3.57%	4.46%	4.28%	3.73%	3.52%	3.63%	4.40%	2.65%	4.00%	0.00%

Frequently Asked Questions

Can I hold both DDWM and CIL in my portfolio?

DDWM and CIL have a correlation of 0.65, 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 CIL?

DDWM has higher volatility (3.99%) compared to CIL (0.00%). In terms of maximum drawdown, DDWM dropped -35.00% vs CIL's -36.27%.

Which ETF is better, DDWM or CIL?

On 10-year performance, DDWM leads with 10.42% vs 8.21% for CIL. On fees, DDWM is cheaper at 0.40% per year. On volatility, CIL has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DDWM or CIL?

Over the 10-year period, DDWM has performed better with a 10.42% return vs 8.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DDWM or CIL?

DDWM is cheaper with a 0.40% expense ratio, compared with 0.45% for CIL.

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

DDWM has the higher dividend yield at 2.31%, compared with 1.67% for CIL.

What is the main difference between DDWM and CIL?

DDWM tracks WisdomTree Dynamic Currency Hedged International Equity Index, while CIL tracks Nasdaq Victory International 500 Volatility Weighted Index. They also come from different issuers: WisdomTree and Crestview. Their fees differ too: 0.40% for DDWM and 0.45% for CIL.

Which has better risk-adjusted returns?

CIL currently has the higher Sharpe Ratio (2.07 vs 1.61), 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.