DWM vs. BKIE

Last updated Jun 4, 2026

DWM (WisdomTree International Equity Fund) and BKIE (BNY Mellon International Equity ETF) are both Foreign Large Cap Equities funds - DWM tracks the WisdomTree International Equity Index while BKIE tracks the Morningstar Developed Markets ex-US Large Cap Index. Both are passively managed. Over the past 5 years, DWM returned 9.61%/yr vs 9.05%/yr for BKIE. With a 0.97 correlation, they move nearly in lockstep. DWM charges 0.48%/yr vs 0.04%/yr for BKIE.

Performance

DWM vs. BKIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International Equity Fund (DWM) and BNY Mellon International Equity ETF (BKIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DWM achieves a 7.43% return, which is significantly lower than BKIE's 8.46% return.

DWM

• 1D: -0.76%
• 1M: 2.23%
• YTD: 7.43%
• 6M: 10.04%
• 1Y: 20.93%
• 3Y*: 17.97%
• 5Y*: 9.61%
• 10Y*: 8.50%

BKIE

• 1D: -0.89%
• 1M: 3.12%
• YTD: 8.46%
• 6M: 11.11%
• 1Y: 22.58%
• 3Y*: 17.39%
• 5Y*: 9.05%
• 10Y*: —

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

DWM vs. BKIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DWM WisdomTree International Equity Fund	7.43%	34.83%	4.15%	16.63%	-9.04%	10.76%	28.20%
BKIE BNY Mellon International Equity ETF	8.46%	32.08%	4.63%	18.25%	-13.60%	13.75%	34.17%

Correlation

The correlation between DWM and BKIE is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020	0.97

The correlation between DWM and BKIE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

DWM vs. BKIE - Sectors Allocation Comparison

Sectors	DWM	BKIE
Industrials	21.1%	18.6%
Financial Services	20.7%	25.8%
Consumer Cyclical	10.4%	7.3%
Healthcare	8.6%	9.1%
Technology	8.2%	10.1%
Consumer Defensive	7.5%	6.2%
Communication Services	5.5%	4.2%
Utilities	5.5%	3.7%
Basic Materials	5.3%	7.2%
Energy	4.0%	5.9%
Real Estate	3.2%	2.0%

Return for Risk

DWM vs. BKIE — Risk / Return Rank

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

DWM

DWM Risk / Return Rank: 42
DWM Sharpe Ratio Rank: 41
DWM Sortino Ratio Rank: 42
DWM Omega Ratio Rank: 42
DWM Calmar Ratio Rank: 39
DWM Martin Ratio Rank: 43

BKIE

BKIE Risk / Return Rank: 43
BKIE Sharpe Ratio Rank: 43
BKIE Sortino Ratio Rank: 43
BKIE Omega Ratio Rank: 43
BKIE Calmar Ratio Rank: 39
BKIE Martin Ratio Rank: 46

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.

DWM vs. BKIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Equity Fund (DWM) and BNY Mellon International Equity ETF (BKIE). 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.

	DWM	BKIE	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.56	-0.07
Sortino ratio: Return per unit of downside risk	2.16	2.23	-0.07
Omega ratio: Gain probability vs. loss probability	1.27	1.28	-0.01
Calmar ratio: Return relative to maximum drawdown	1.92	1.99	-0.06
Martin ratio: Return relative to average drawdown	7.08	7.68	-0.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DWM vs. BKIE - Sharpe Ratio Comparison

The current DWM Sharpe Ratio is 1.48, which is comparable to the BKIE Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of DWM and BKIE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DWM	BKIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	1.56	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.56	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.92	-0.65

Drawdowns

DWM vs. BKIE - Drawdown Comparison

The maximum DWM drawdown since its inception was -62.10%, which is greater than BKIE's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for DWM and BKIE.

Drawdown Indicators

	DWM	BKIE	Difference
Max Drawdown Largest peak-to-trough decline	-62.10%	-28.19%	-33.91%
Max Drawdown (1Y) Largest decline over 1 year	-10.93%	-11.41%	+0.48%
Max Drawdown (3Y) Largest decline over 3 years	-12.69%	-13.19%	+0.50%
Max Drawdown (5Y) Largest decline over 5 years	-25.64%	-28.19%	+2.55%
Max Drawdown (10Y) Largest decline over 10 years	-37.82%	—	—
Current Drawdown Current decline from peak	-2.78%	-1.33%	-1.45%
Average Drawdown Average peak-to-trough decline	-13.50%	-4.98%	-8.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.95%	+0.01%

Volatility

DWM vs. BKIE - Volatility Comparison

WisdomTree International Equity Fund (DWM) and BNY Mellon International Equity ETF (BKIE) have volatilities of 4.43% and 4.42%, 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

	DWM	BKIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	4.42%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	11.82%	12.17%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	14.58%	-0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.28%	16.12%	-0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	16.34%	+0.25%

DWM vs. BKIE - Expense Ratio Comparison

DWM has a 0.48% expense ratio, which is higher than BKIE's 0.04% expense ratio.

Dividends

DWM vs. BKIE - Dividend Comparison

DWM's dividend yield for the trailing twelve months is around 2.76%, less than BKIE's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKIE BNY Mellon International Equity ETF	3.26%	3.12%	3.31%	2.88%	2.97%	2.58%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%
DWM WisdomTree International Equity Fund	2.76%	3.06%	3.86%	4.15%	4.36%	3.64%	2.74%	3.46%	3.86%	2.99%	3.43%	3.55%

Frequently Asked Questions

Can I hold both DWM and BKIE in my portfolio?

With a correlation of 0.95, DWM and BKIE 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, DWM or BKIE?

DWM has higher volatility (4.43%) compared to BKIE (4.42%). In terms of maximum drawdown, DWM dropped -62.10% vs BKIE's -28.19%.

Which ETF is better, DWM or BKIE?

On 5-year performance, DWM leads with 9.61% vs 9.05% for BKIE. On fees, BKIE is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DWM or BKIE?

Over the 5-year period, DWM has performed better with a 9.61% return vs 9.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DWM or BKIE?

BKIE is cheaper with a 0.04% expense ratio, compared with 0.48% for DWM.

Which ETF pays a higher dividend yield, DWM or BKIE?

BKIE has the higher dividend yield at 3.26%, compared with 2.76% for DWM.

What is the main difference between DWM and BKIE?

DWM tracks WisdomTree International Equity Index, while BKIE tracks Morningstar Developed Markets ex-US Large Cap Index. They also come from different issuers: WisdomTree and BNY Mellon. Their fees differ too: 0.48% for DWM and 0.04% for BKIE.

Which has better risk-adjusted returns?

BKIE currently has the higher Sharpe Ratio (1.56 vs 1.48), 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.