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DWM vs. EFAV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DWM vs. EFAV

Last updated Aug 2, 2026
Documentation

DWM (WisdomTree International Equity Fund) and EFAV (iShares MSCI EAFE Min Vol Factor ETF) are both Foreign Large Cap Equities funds - DWM tracks the WisdomTree International Equity Index while EFAV tracks the MSCI EAFE Minimum Volatility (USD) Index. Both are passively managed. Over the past 10 years, DWM returned 8.85%/yr vs 6.38%/yr for EFAV. Their correlation of 0.89 means they have usually moved in the same direction. DWM charges 0.48%/yr vs 0.20%/yr for EFAV.

Performance

DWM vs. EFAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International Equity Fund (DWM) and iShares MSCI EAFE Min Vol Factor ETF (EFAV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DWM achieves a 11.07% return, which is significantly higher than EFAV's 9.79% return. Over the past 10 years, DWM has outperformed EFAV with an annualized return of 8.85%, while EFAV has yielded a comparatively lower 6.38% annualized return.

DWM

1D
-0.28%
1M
1.30%
6M
6.00%
YTD
11.07%
1Y
22.71%
3Y*
17.60%
5Y*
10.56%
10Y*
8.85%
ALL TIME*
5.74%

EFAV

1D
-1.09%
1M
4.40%
6M
6.21%
YTD
9.79%
1Y
16.01%
3Y*
14.35%
5Y*
6.86%
10Y*
6.38%
ALL TIME*
7.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DWM

WisdomTree International Equity Fund
$1.02M$917.41K$832.76K

EFAV

iShares MSCI EAFE Min Vol Factor ETF
$54.17M$49.40M$45.31M

DWM vs. EFAV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DWM
WisdomTree International Equity Fund		11.07%34.83%4.15%16.63%-9.04%10.76%-2.33%18.98%-13.53%24.08%
EFAV
iShares MSCI EAFE Min Vol Factor ETF		9.79%26.00%5.30%12.52%-15.11%7.20%-0.06%16.67%-5.74%22.24%

Correlation

The correlation between DWM and EFAV is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.78

Correlation (3Y)
Balances recent behavior with more history.

0.85

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.88

Correlation (10Y)
Provides a long-term view across more market conditions.

0.88

Correlation (All Time)
Calculated using the full available price history since Oct 20, 2011

0.89

The correlation between DWM and EFAV shifts across timeframes, from 0.78 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

DWM vs. EFAV - Sectors Allocation Comparison

Sectors
DWM
EFAV

Financial Services

21.7%
19.7%

Industrials

20.9%
15.7%

Consumer Cyclical

10.3%
5.1%

Technology

9.3%
4.4%

Healthcare

8.5%
12.2%

Consumer Defensive

7.5%
12.6%

Utilities

5.3%
9.0%

Basic Materials

5.2%
1.6%

Communication Services

5.0%
9.1%

Energy

3.4%
7.7%

Real Estate

2.9%
2.9%

Financial Services

DWM
21.7%
EFAV
19.7%

Industrials

DWM
20.9%
EFAV
15.7%

Consumer Cyclical

DWM
10.3%
EFAV
5.1%

Technology

DWM
9.3%
EFAV
4.4%

Healthcare

DWM
8.5%
EFAV
12.2%

Consumer Defensive

DWM
7.5%
EFAV
12.6%

Utilities

DWM
5.3%
EFAV
9.0%

Basic Materials

DWM
5.2%
EFAV
1.6%

Communication Services

DWM
5.0%
EFAV
9.1%

Energy

DWM
3.4%
EFAV
7.7%

Real Estate

DWM
2.9%
EFAV
2.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree International Equity Fund

iShares MSCI EAFE Min Vol Factor ETF

Often compared with DWM:
DWM vs. DOLDWM vs. NSRIXDWM vs. BROIXDWM vs. VFQYDWM vs. SCHFDWM vs. VXUSDWM vs. SCHD
Often compared with EFAV:
EFAV vs. EFVEFAV vs. EFAEFAV vs. ACWVEFAV vs. EEMVEFAV vs. USMVEFAV vs. EFASEFAV vs. SPLV

Return for Risk

DWM vs. EFAV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
DWM
DWM Risk / Return Rank: 6666
Overall Rank
DWM Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
DWM Sortino Ratio Rank: 7070
Sortino Ratio Rank
DWM Omega Ratio Rank: 7070
Omega Ratio Rank
DWM Calmar Ratio Rank: 5959
Calmar Ratio Rank
DWM Martin Ratio Rank: 6262
Martin Ratio Rank
EFAV
EFAV Risk / Return Rank: 6969
Overall Rank
EFAV Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
EFAV Sortino Ratio Rank: 7373
Sortino Ratio Rank
EFAV Omega Ratio Rank: 7373
Omega Ratio Rank
EFAV Calmar Ratio Rank: 7575
Calmar Ratio Rank
EFAV Martin Ratio Rank: 5252
Martin Ratio Rank
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.

DWM vs. EFAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Equity Fund (DWM) and iShares MSCI EAFE Min Vol Factor ETF (EFAV). 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.

DWMEFAVDifference
Sharpe ratioReturn per unit of total volatility
1.58
1.64

-0.06

Sortino ratioReturn per unit of downside risk
2.29
2.35

-0.07

Omega ratioGain probability vs. loss probability

1.29

1.30

-0.01

Calmar ratioReturn relative to maximum drawdown

2.09

2.62

-0.54

Martin ratioReturn relative to average drawdown

7.54

6.10

+1.43

DWM vs. EFAV - Sharpe Ratio Comparison

The current DWM Sharpe Ratio is 1.58, which is comparable to the EFAV Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of DWM and EFAV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DWM vs. EFAV - Drawdown Comparison

The maximum DWM drawdown since its inception was -62.10%, which is greater than EFAV's maximum drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for DWM and EFAV.

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Drawdown Indicators

DWMEFAVDifference

Max Drawdown

Largest peak-to-trough decline

-62.10%

-27.56%

-34.54%

Max Drawdown (1Y)

Largest decline over 1 year

-10.93%

-6.66%

-4.27%

Max Drawdown (3Y)

Largest decline over 3 years

-12.69%

-8.65%

-4.04%

Max Drawdown (5Y)

Largest decline over 5 years

-25.64%

-27.46%

+1.82%

Max Drawdown (10Y)

Largest decline over 10 years

-37.82%

-27.56%

-10.26%

Current Drawdown

Current decline from peak

-0.28%

-1.09%

+0.81%

Average Drawdown

Average peak-to-trough decline

-13.40%

-4.76%

-8.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

2.86%

+0.16%

Volatility

DWM vs. EFAV - Volatility Comparison

WisdomTree International Equity Fund (DWM) has a higher volatility of 4.01% compared to iShares MSCI EAFE Min Vol Factor ETF (EFAV) at 3.28%. This indicates that DWM's price experiences larger fluctuations and is considered to be riskier than EFAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DWMEFAVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.01%

3.28%

+0.73%

Volatility (6M)

Calculated over the trailing 6-month period

12.46%

8.85%

+3.61%

Volatility (1Y)

Calculated over the trailing 1-year period

14.45%

10.67%

+3.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.33%

11.88%

+3.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.26%

13.03%

+3.23%

DWM vs. EFAV - Expense Ratio Comparison

DWM has a 0.48% expense ratio, which is higher than EFAV's 0.20% expense ratio.

Dividends

DWM vs. EFAV - Dividend Comparison

DWM's dividend yield for the trailing twelve months is around 2.70%, less than EFAV's 3.07% yield.

PositionTTM20252024202320222021202020192018201720162015
DWM
WisdomTree International Equity Fund		2.70%3.06%3.86%4.15%4.36%3.64%2.74%3.46%3.86%2.99%3.43%3.55%
EFAV
iShares MSCI EAFE Min Vol Factor ETF		3.07%3.20%3.24%3.08%2.53%2.47%1.33%4.19%3.34%2.45%3.94%2.49%

Frequently Asked Questions

DWM and EFAV have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DWM has higher volatility (4.01%) compared to EFAV (3.28%). In terms of maximum drawdown, DWM dropped -62.10% vs EFAV's -27.56%.

On 10-year performance, DWM leads with 8.85% vs 6.38% for EFAV. On fees, EFAV is cheaper at 0.20% per year. On volatility, EFAV has been the lower-risk option at 3.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DWM has performed better with a 8.85% return vs 6.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EFAV is cheaper with a 0.20% expense ratio, compared with 0.48% for DWM.

EFAV has the higher dividend yield at 3.07%, compared with 2.70% for DWM.

DWM tracks WisdomTree International Equity Index, while EFAV tracks MSCI EAFE Minimum Volatility (USD) Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.48% for DWM and 0.20% for EFAV.

EFAV currently has the higher Sharpe Ratio (1.64 vs 1.58), 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.

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