DDWM vs. IDHQ
DDWM (WisdomTree Dynamic Currency Hedged International Equity Fund) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Foreign Large Cap Equities funds - DDWM tracks the WisdomTree Dynamic Currency Hedged International Equity Index while IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past 10 years, DDWM returned 10.35%/yr vs 10.54%/yr for IDHQ. A 0.79 correlation means they provide meaningful diversification when combined. DDWM charges 0.40%/yr vs 0.29%/yr for IDHQ.
Performance
DDWM vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, DDWM achieves a 7.93% return, which is significantly lower than IDHQ's 23.96% return. Both investments have delivered pretty close results over the past 10 years, with DDWM having a 10.35% annualized return and IDHQ not far ahead at 10.54%.
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%
IDHQ
- 1D
- -1.06%
- 1M
- 3.48%
- 6M
- 17.70%
- YTD
- 23.96%
- 1Y
- 34.45%
- 3Y*
- 18.63%
- 5Y*
- 9.11%
- 10Y*
- 10.54%
DDWM vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund | 7.93% | 30.07% | 10.70% | 15.25% | -0.77% | 14.84% | -4.56% | 21.43% | -11.75% | 18.80% |
IDHQ Invesco S&P International Developed High Quality ETF | 23.96% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 28.16% |
Correlation
The correlation between DDWM and IDHQ is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2016 | 0.79 |
The correlation between DDWM and IDHQ has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
DDWM vs. IDHQ — Risk / Return Rank
DDWM
IDHQ
DDWM vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) and Invesco S&P International Developed High Quality ETF (IDHQ). 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 | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.58 | -0.77 |
| Martin ratioReturn relative to average drawdown | 6.46 | 10.14 | -3.68 |
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Drawdowns
DDWM vs. IDHQ - Drawdown Comparison
The maximum DDWM drawdown since its inception was -35.00%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for DDWM and IDHQ.
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Drawdown Indicators
| DDWM | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.00% | -73.84% | +38.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.56% | -13.44% | +2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -12.34% | -14.07% | +1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -33.54% | +18.75% |
Max Drawdown (10Y)Largest decline over 10 years | -35.00% | -33.54% | -1.46% |
Current DrawdownCurrent decline from peak | -1.53% | -2.57% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -21.09% | +17.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.41% | -0.46% |
Volatility
DDWM vs. IDHQ - Volatility Comparison
The current volatility for WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) is 3.77%, while Invesco S&P International Developed High Quality ETF (IDHQ) has a volatility of 7.92%. This indicates that DDWM experiences smaller price fluctuations and is considered to be less risky than IDHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DDWM | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 7.92% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 18.93% | -7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.03% | 20.78% | -7.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.39% | 17.85% | -4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.06% | 17.97% | -2.91% |
DDWM vs. IDHQ - Expense Ratio Comparison
DDWM has a 0.40% expense ratio, which is higher than IDHQ's 0.29% expense ratio.
Dividends
DDWM vs. IDHQ - Dividend Comparison
DDWM's dividend yield for the trailing twelve months is around 2.56%, more than IDHQ's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
IDHQ Invesco S&P International Developed High Quality ETF | 2.04% | 2.46% | 2.41% | 2.52% | 3.33% | 2.10% | 1.60% | 2.10% | 2.67% | 1.68% | 2.36% | 1.71% |
Frequently Asked Questions
DDWM and IDHQ have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDHQ has higher volatility (7.92%) compared to DDWM (3.77%). In terms of maximum drawdown, DDWM dropped -35.00% vs IDHQ's -73.84%.
On 10-year performance, IDHQ leads with 10.54% vs 10.35% for DDWM. On fees, IDHQ is cheaper at 0.29% 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.
Over the 10-year period, IDHQ has performed better with a 10.54% return vs 10.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDHQ is cheaper with a 0.29% expense ratio, compared with 0.40% for DDWM.
DDWM has the higher dividend yield at 2.56%, compared with 2.04% for IDHQ.
DDWM tracks WisdomTree Dynamic Currency Hedged International Equity Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.40% for DDWM and 0.29% for IDHQ.
IDHQ currently has the higher Sharpe Ratio (1.67 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.
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