DDWM vs. VEU

Last updated Jun 24, 2026

DDWM (WisdomTree Dynamic Currency Hedged International Equity Fund) and VEU (Vanguard FTSE All-World ex-US ETF) are both Foreign Large Cap Equities funds - DDWM tracks the WisdomTree Dynamic Currency Hedged International Equity Index while VEU tracks the FTSE All-World ex US Index. Both are passively managed. Over the past 10 years, DDWM returned 10.94%/yr vs 10.40%/yr for VEU. Their correlation of 0.88 suggests significant overlap in exposure. DDWM charges 0.40%/yr vs 0.04%/yr for VEU.

Performance

DDWM vs. VEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) and Vanguard FTSE All-World ex-US ETF (VEU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDWM achieves a 6.75% return, which is significantly lower than VEU's 13.01% return. Both investments have delivered pretty close results over the past 10 years, with DDWM having a 10.94% annualized return and VEU not far behind at 10.40%.

DDWM

• 1D: -1.52%
• 1M: -0.22%
• YTD: 6.75%
• 6M: 6.95%
• 1Y: 20.60%
• 3Y*: 18.16%
• 5Y*: 12.42%
• 10Y*: 10.94%

VEU

• 1D: -3.06%
• 1M: 0.69%
• YTD: 13.01%
• 6M: 12.81%
• 1Y: 30.08%
• 3Y*: 19.26%
• 5Y*: 8.60%
• 10Y*: 10.40%

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

DDWM vs. VEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund	6.75%	30.07%	10.70%	15.25%	-0.77%	14.84%	-4.56%	21.43%	-11.75%	18.80%
VEU Vanguard FTSE All-World ex-US ETF	13.01%	32.35%	5.56%	15.84%	-15.58%	8.27%	11.10%	21.83%	-14.18%	27.40%

Correlation

The correlation between DDWM and VEU is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Feb 4, 2016	0.88

The correlation between DDWM and VEU has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

DDWM vs. VEU - Sectors Allocation Comparison

Sectors	DDWM	VEU
Industrials	21.1%	15.0%
Financial Services	20.7%	22.6%
Consumer Cyclical	10.6%	8.0%
Technology	9.0%	21.6%
Healthcare	8.6%	6.7%
Consumer Defensive	7.4%	4.9%
Basic Materials	5.5%	7.1%
Communication Services	5.4%	4.5%
Utilities	5.2%	3.0%
Energy	3.7%	4.7%
Real Estate	3.0%	1.9%

Return for Risk

DDWM vs. VEU — Risk / Return Rank

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

DDWM

DDWM Risk / Return Rank: 47
DDWM Sharpe Ratio Rank: 49
DDWM Sortino Ratio Rank: 47
DDWM Omega Ratio Rank: 50
DDWM Calmar Ratio Rank: 41
DDWM Martin Ratio Rank: 45

VEU

VEU Risk / Return Rank: 56
VEU Sharpe Ratio Rank: 56
VEU Sortino Ratio Rank: 54
VEU Omega Ratio Rank: 57
VEU Calmar Ratio Rank: 55
VEU Martin Ratio Rank: 59

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. VEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) and Vanguard FTSE All-World ex-US ETF (VEU). 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	VEU	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.84	-0.25
Sortino ratio: Return per unit of downside risk	2.22	2.52	-0.29
Omega ratio: Gain probability vs. loss probability	1.30	1.34	-0.04
Calmar ratio: Return relative to maximum drawdown	1.96	2.64	-0.69
Martin ratio: Return relative to average drawdown	7.05	10.12	-3.07

DDWM vs. VEU - Sharpe Ratio Comparison

The current DDWM Sharpe Ratio is 1.59, which is comparable to the VEU Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of DDWM and VEU, 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. VEU - Drawdown Comparison

The maximum DDWM drawdown since its inception was -35.00%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for DDWM and VEU.

Drawdown Indicators

	DDWM	VEU	Difference
Max Drawdown Largest peak-to-trough decline	-35.00%	-61.52%	+26.52%
Max Drawdown (1Y) Largest decline over 1 year	-10.56%	-11.43%	+0.87%
Max Drawdown (3Y) Largest decline over 3 years	-12.34%	-13.69%	+1.35%
Max Drawdown (5Y) Largest decline over 5 years	-14.79%	-29.14%	+14.35%
Max Drawdown (10Y) Largest decline over 10 years	-35.00%	-34.98%	-0.02%
Current Drawdown Current decline from peak	-2.60%	-3.06%	+0.46%
Average Drawdown Average peak-to-trough decline	-4.04%	-13.10%	+9.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	2.98%	-0.05%

Volatility

DDWM vs. VEU - Volatility Comparison

The current volatility for WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) is 4.18%, while Vanguard FTSE All-World ex-US ETF (VEU) has a volatility of 7.10%. This indicates that DDWM experiences smaller price fluctuations and is considered to be less risky than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDWM	VEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	7.10%	-2.92%
Volatility (6M) Calculated over the trailing 6-month period	11.04%	14.47%	-3.43%
Volatility (1Y) Calculated over the trailing 1-year period	13.01%	16.44%	-3.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.40%	16.30%	-2.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.14%	17.08%	-1.94%

DDWM vs. VEU - Expense Ratio Comparison

DDWM has a 0.40% expense ratio, which is higher than VEU's 0.04% expense ratio.

Dividends

DDWM vs. VEU - Dividend Comparison

DDWM's dividend yield for the trailing twelve months is around 2.32%, less than VEU's 2.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund	2.32%	2.47%	3.57%	4.46%	4.28%	3.73%	3.52%	3.63%	4.40%	2.65%	4.00%	0.00%
VEU Vanguard FTSE All-World ex-US ETF	2.56%	3.09%	3.24%	3.32%	3.12%	3.08%	2.00%	3.10%	3.27%	2.66%	2.96%	2.95%

Frequently Asked Questions

Can I hold both DDWM and VEU in my portfolio?

DDWM and VEU have a correlation of 0.87, 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 VEU?

VEU has higher volatility (7.10%) compared to DDWM (4.18%). In terms of maximum drawdown, DDWM dropped -35.00% vs VEU's -61.52%.

Which ETF is better, DDWM or VEU?

On 10-year performance, DDWM leads with 10.94% vs 10.40% for VEU. On fees, VEU is cheaper at 0.04% per year. On volatility, DDWM has been the lower-risk option at 4.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DDWM or VEU?

Over the 10-year period, DDWM has performed better with a 10.94% return vs 10.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DDWM or VEU?

VEU is cheaper with a 0.04% expense ratio, compared with 0.40% for DDWM.

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

VEU has the higher dividend yield at 2.56%, compared with 2.32% for DDWM.

What is the main difference between DDWM and VEU?

DDWM tracks WisdomTree Dynamic Currency Hedged International Equity Index, while VEU tracks FTSE All-World ex US Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.40% for DDWM and 0.04% for VEU.

Which has better risk-adjusted returns?

VEU currently has the higher Sharpe Ratio (1.84 vs 1.59), 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.