DNL vs. VWIGX

Last updated Jun 26, 2026

DNL (WisdomTree Global ex-U.S. Quality Dividend Growth Fund) and VWIGX (Vanguard International Growth Fund Investor Shares) are both Foreign Large Cap Equities funds. DNL is passively managed, while VWIGX is actively managed. Over the past 10 years, DNL returned 9.82%/yr vs 10.28%/yr for VWIGX. Their correlation of 0.84 suggests significant overlap in exposure. DNL charges 0.58%/yr vs 0.38%/yr for VWIGX.

Performance

DNL vs. VWIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) and Vanguard International Growth Fund Investor Shares (VWIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DNL achieves a 10.65% return, which is significantly higher than VWIGX's 3.09% return. Both investments have delivered pretty close results over the past 10 years, with DNL having a 9.82% annualized return and VWIGX not far ahead at 10.28%.

DNL

• 1D: 0.97%
• 1M: 1.75%
• YTD: 10.65%
• 6M: 10.38%
• 1Y: 17.11%
• 3Y*: 10.81%
• 5Y*: 4.06%
• 10Y*: 9.82%

VWIGX

• 1D: 0.46%
• 1M: -1.04%
• YTD: 3.09%
• 6M: 2.98%
• 1Y: 8.22%
• 3Y*: 11.63%
• 5Y*: -2.25%
• 10Y*: 10.28%

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

DNL vs. VWIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund	10.65%	17.03%	-0.61%	17.00%	-22.38%	16.14%	18.22%	36.23%	-14.76%	31.11%
VWIGX Vanguard International Growth Fund Investor Shares	3.09%	19.96%	9.07%	14.65%	-30.86%	-11.18%	59.57%	31.36%	-12.68%	42.98%

Correlation

The correlation between DNL and VWIGX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006	0.84

The correlation between DNL and VWIGX has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.

DNL vs. VWIGX - Sectors Allocation Comparison

Sectors	DNL	VWIGX
Technology	35.1%	27.5%
Consumer Cyclical	18.3%	17.5%
Industrials	15.9%	13.3%
Healthcare	10.1%	10.6%
Communication Services	6.0%	6.2%
Energy	5.8%	1.9%
Financial Services	4.0%	12.2%
Basic Materials	3.2%	2.6%
Consumer Defensive	1.1%	5.4%
Utilities	0.5%	0.5%
Real Estate	-	-

Return for Risk

DNL vs. VWIGX — Risk / Return Rank

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

DNL

DNL Risk / Return Rank: 29
DNL Sharpe Ratio Rank: 27
DNL Sortino Ratio Rank: 27
DNL Omega Ratio Rank: 26
DNL Calmar Ratio Rank: 30
DNL Martin Ratio Rank: 35

VWIGX

VWIGX Risk / Return Rank: 7
VWIGX Sharpe Ratio Rank: 7
VWIGX Sortino Ratio Rank: 7
VWIGX Omega Ratio Rank: 7
VWIGX Calmar Ratio Rank: 8
VWIGX Martin Ratio Rank: 8

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.

DNL vs. VWIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) and Vanguard International Growth Fund Investor Shares (VWIGX). 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.

	DNL	VWIGX	Difference
Sharpe ratio: Return per unit of total volatility	0.92	0.42	+0.49
Sortino ratio: Return per unit of downside risk	1.39	0.71	+0.68
Omega ratio: Gain probability vs. loss probability	1.17	1.09	+0.08
Calmar ratio: Return relative to maximum drawdown	1.38	0.57	+0.82
Martin ratio: Return relative to average drawdown	4.92	1.80	+3.12

DNL vs. VWIGX - Sharpe Ratio Comparison

The current DNL Sharpe Ratio is 0.92, which is higher than the VWIGX Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of DNL and VWIGX, 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

DNL vs. VWIGX - Drawdown Comparison

The maximum DNL drawdown since its inception was -44.53%, smaller than the maximum VWIGX drawdown of -59.58%. Use the drawdown chart below to compare losses from any high point for DNL and VWIGX.

Drawdown Indicators

	DNL	VWIGX	Difference
Max Drawdown Largest peak-to-trough decline	-44.53%	-59.58%	+15.05%
Max Drawdown (1Y) Largest decline over 1 year	-12.42%	-14.06%	+1.64%
Max Drawdown (3Y) Largest decline over 3 years	-20.15%	-20.04%	-0.11%
Max Drawdown (5Y) Largest decline over 5 years	-34.85%	-52.69%	+17.84%
Max Drawdown (10Y) Largest decline over 10 years	-34.85%	-53.25%	+18.40%
Current Drawdown Current decline from peak	-2.29%	-16.00%	+13.71%
Average Drawdown Average peak-to-trough decline	-10.14%	-13.80%	+3.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	4.41%	-0.92%

Volatility

DNL vs. VWIGX - Volatility Comparison

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) and Vanguard International Growth Fund Investor Shares (VWIGX) have volatilities of 7.16% and 7.14%, 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.

Volatility by Period

	DNL	VWIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.16%	7.14%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	16.16%	15.71%	+0.45%
Volatility (1Y) Calculated over the trailing 1-year period	18.76%	18.98%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.42%	23.42%	-5.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.60%	21.55%	-2.95%

DNL vs. VWIGX - Expense Ratio Comparison

DNL has a 0.58% expense ratio, which is higher than VWIGX's 0.38% expense ratio.

Dividends

DNL vs. VWIGX - Dividend Comparison

DNL's dividend yield for the trailing twelve months is around 1.31%, less than VWIGX's 6.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund	1.31%	2.06%	2.30%	1.81%	4.82%	1.38%	1.76%	1.93%	2.55%	1.86%	2.51%	1.98%
VWIGX Vanguard International Growth Fund Investor Shares	6.54%	6.74%	9.68%	1.82%	6.90%	2.36%	2.28%	1.20%	5.34%	0.84%	1.26%	1.39%

Frequently Asked Questions

Can I hold both DNL and VWIGX in my portfolio?

With a correlation of 0.92, DNL and VWIGX 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, DNL or VWIGX?

DNL has higher volatility (7.16%) compared to VWIGX (7.14%). In terms of maximum drawdown, DNL dropped -44.53% vs VWIGX's -59.58%.

Which has better risk-adjusted returns?

DNL currently has the higher Sharpe Ratio (0.92 vs 0.42), 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.