DIM vs. PID
Compare and contrast key facts about WisdomTree International MidCap Dividend Fund (DIM) and Invesco International Dividend Achievers™ ETF (PID).
DIM and PID are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIM is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree International MidCap Dividend Index. It was launched on Jun 16, 2006. PID is a passively managed fund by Invesco that tracks the performance of the Nasdaq International Dividend Achievers (NR). It was launched on Sep 15, 2005. Both DIM and PID are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIM or PID.
Key characteristics
| DIM | PID | |
|---|---|---|
| YTD Return | 2.82% | -0.56% |
| 1Y Return | 9.55% | 5.06% |
| 3Y Return (Ann) | 1.19% | 5.38% |
| 5Y Return (Ann) | 3.40% | 6.00% |
| 10Y Return (Ann) | 3.54% | 3.43% |
| Sharpe Ratio | 0.74 | 0.33 |
| Daily Std Dev | 12.87% | 13.84% |
| Max Drawdown | -61.45% | -66.34% |
| Current Drawdown | -2.04% | -1.95% |
Correlation
The correlation between DIM and PID is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DIM vs. PID - Performance Comparison
In the year-to-date period, DIM achieves a 2.82% return, which is significantly higher than PID's -0.56% return. Both investments have delivered pretty close results over the past 10 years, with DIM having a 3.54% annualized return and PID not far behind at 3.43%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DIM vs. PID - Expense Ratio Comparison
DIM has a 0.58% expense ratio, which is higher than PID's 0.56% expense ratio.
Risk-Adjusted Performance
DIM vs. PID - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree International MidCap Dividend Fund (DIM) and Invesco International Dividend Achievers™ ETF (PID). 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.
Dividends
DIM vs. PID - Dividend Comparison
DIM's dividend yield for the trailing twelve months is around 3.98%, more than PID's 3.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIM WisdomTree International MidCap Dividend Fund | 3.98% | 4.62% | 3.96% | 3.65% | 2.53% | 3.26% | 3.28% | 2.57% | 2.94% | 2.81% | 3.46% | 3.10% |
PID Invesco International Dividend Achievers™ ETF | 3.35% | 3.31% | 3.30% | 3.30% | 3.16% | 4.00% | 3.87% | 3.46% | 3.90% | 4.48% | 3.92% | 2.16% |
Drawdowns
DIM vs. PID - Drawdown Comparison
The maximum DIM drawdown since its inception was -61.45%, smaller than the maximum PID drawdown of -66.34%. Use the drawdown chart below to compare losses from any high point for DIM and PID. For additional features, visit the drawdowns tool.
Volatility
DIM vs. PID - Volatility Comparison
WisdomTree International MidCap Dividend Fund (DIM) and Invesco International Dividend Achievers™ ETF (PID) have volatilities of 4.20% and 4.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.