DDWM vs. IVLU

Last updated Aug 2, 2026

DDWM (WisdomTree Dynamic Currency Hedged International Equity Fund) and IVLU (iShares MSCI International Value Factor ETF) are both Foreign Large Cap Equities funds - DDWM tracks the WisdomTree Dynamic Currency Hedged International Equity Index while IVLU tracks the MSCI World ex USA Enhanced Value Index. Both are passively managed. Over the past 10 years, DDWM returned 10.64%/yr vs 11.54%/yr for IVLU. Their correlation of 0.89 means they have usually moved in the same direction. DDWM charges 0.40%/yr vs 0.30%/yr for IVLU.

Performance

DDWM vs. IVLU - Performance Comparison

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

Returns By Period

In the year-to-date period, DDWM achieves a 9.49% return, which is significantly lower than IVLU's 16.33% return. Over the past 10 years, DDWM has underperformed IVLU with an annualized return of 10.64%, while IVLU has yielded a comparatively higher 11.54% annualized return.

DDWM

• 1D: -0.41%
• 1M: 0.71%
• 6M: 5.28%
• YTD: 9.49%
• 1Y: 21.99%
• 3Y*: 17.74%
• 5Y*: 13.00%
• 10Y*: 10.64%
• ALL TIME*: 10.83%

IVLU

• 1D: -0.55%
• 1M: 2.86%
• 6M: 9.29%
• YTD: 16.33%
• 1Y: 37.00%
• 3Y*: 23.41%
• 5Y*: 15.79%
• 10Y*: 11.54%
• ALL TIME*: 8.77%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund	$5.12M	$4.14M	$4.85M
IVLU iShares MSCI International Value Factor ETF	$37.29M	$34.10M	$39.51M

DDWM vs. IVLU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund	9.49%	30.07%	10.70%	15.25%	-0.77%	14.84%	-4.56%	21.43%	-11.75%	18.80%
IVLU iShares MSCI International Value Factor ETF	16.33%	46.09%	6.76%	20.07%	-5.73%	15.60%	-4.50%	15.60%	-15.10%	23.10%

Correlation

The correlation between DDWM and IVLU is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Feb 4, 2016	0.89

The correlation between DDWM and IVLU has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

DDWM vs. IVLU - Sectors Allocation Comparison

Sectors	DDWM	IVLU
Industrials	19.3%	17.2%
Financial Services	18.2%	29.4%
Consumer Cyclical	9.3%	7.1%
Healthcare	8.2%	9.8%
Technology	7.4%	8.8%
Consumer Defensive	7.0%	6.0%
Basic Materials	5.8%	7.2%
Utilities	5.2%	3.6%
Communication Services	4.7%	3.4%
Energy	3.7%	5.6%
Real Estate	2.7%	1.4%

Return for Risk

DDWM vs. IVLU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DDWM

DDWM Risk / Return Rank: 68
DDWM Sharpe Ratio Rank: 73
DDWM Sortino Ratio Rank: 72
DDWM Omega Ratio Rank: 76
DDWM Calmar Ratio Rank: 58
DDWM Martin Ratio Rank: 61

IVLU

IVLU Risk / Return Rank: 89
IVLU Sharpe Ratio Rank: 92
IVLU Sortino Ratio Rank: 91
IVLU Omega Ratio Rank: 90
IVLU Calmar Ratio Rank: 84
IVLU Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DDWM vs. IVLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) and iShares MSCI International Value Factor ETF (IVLU). 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	IVLU	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.37	-0.70
Sortino ratio: Return per unit of downside risk	2.32	3.23	-0.91
Omega ratio: Gain probability vs. loss probability	1.31	1.42	-0.11
Calmar ratio: Return relative to maximum drawdown	2.04	3.16	-1.12
Martin ratio: Return relative to average drawdown	7.35	12.11	-4.76

DDWM vs. IVLU - Sharpe Ratio Comparison

The current DDWM Sharpe Ratio is 1.68, which is comparable to the IVLU Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of DDWM and IVLU, 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. IVLU - Drawdown Comparison

The maximum DDWM drawdown since its inception was -35.00%, smaller than the maximum IVLU drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for DDWM and IVLU.

Drawdown Indicators

	DDWM	IVLU	Difference
Max Drawdown Largest peak-to-trough decline	-35.00%	-41.85%	+6.85%
Max Drawdown (1Y) Largest decline over 1 year	-10.56%	-11.69%	+1.13%
Max Drawdown (3Y) Largest decline over 3 years	-12.34%	-15.48%	+3.14%
Max Drawdown (5Y) Largest decline over 5 years	-14.79%	-26.04%	+11.25%
Max Drawdown (10Y) Largest decline over 10 years	-35.00%	-41.85%	+6.85%
Current Drawdown Current decline from peak	-0.41%	-0.55%	+0.14%
Average Drawdown Average peak-to-trough decline	-4.01%	-8.49%	+4.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	3.05%	-0.12%

Volatility

DDWM vs. IVLU - Volatility Comparison

The current volatility for WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) is 3.29%, while iShares MSCI International Value Factor ETF (IVLU) has a volatility of 4.95%. This indicates that DDWM experiences smaller price fluctuations and is considered to be less risky than IVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDWM	IVLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	4.95%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	11.05%	13.38%	-2.33%
Volatility (1Y) Calculated over the trailing 1-year period	12.87%	15.63%	-2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.37%	16.53%	-3.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.07%	17.40%	-2.33%

DDWM vs. IVLU - Expense Ratio Comparison

DDWM has a 0.40% expense ratio, which is higher than IVLU's 0.30% expense ratio.

Dividends

DDWM vs. IVLU - Dividend Comparison

DDWM's dividend yield for the trailing twelve months is around 2.52%, less than IVLU's 3.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund	2.52%	2.47%	3.57%	4.46%	4.28%	3.73%	3.52%	3.63%	4.40%	2.65%	4.00%	0.00%
IVLU iShares MSCI International Value Factor ETF	3.23%	3.71%	4.46%	4.69%	3.59%	3.47%	2.05%	3.53%	2.82%	2.87%	2.53%	0.93%

Frequently Asked Questions

Can I hold both DDWM and IVLU in my portfolio?

With a correlation of 0.92, DDWM and IVLU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DDWM or IVLU?

IVLU has higher volatility (4.95%) compared to DDWM (3.29%). In terms of maximum drawdown, DDWM dropped -35.00% vs IVLU's -41.85%.

Which ETF is better, DDWM or IVLU?

On 10-year performance, IVLU leads with 11.54% vs 10.64% for DDWM. On fees, IVLU is cheaper at 0.30% per year. On volatility, DDWM has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DDWM or IVLU?

Over the 10-year period, IVLU has performed better with a 11.54% return vs 10.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DDWM or IVLU?

IVLU is cheaper with a 0.30% expense ratio, compared with 0.40% for DDWM.

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

IVLU has the higher dividend yield at 3.23%, compared with 2.52% for DDWM.

What is the main difference between DDWM and IVLU?

DDWM tracks WisdomTree Dynamic Currency Hedged International Equity Index, while IVLU tracks MSCI World ex USA Enhanced Value Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.40% for DDWM and 0.30% for IVLU.

Which has better risk-adjusted returns?

IVLU currently has the higher Sharpe Ratio (2.37 vs 1.68), 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.