DWM vs. EFV

Last updated Jun 4, 2026

DWM (WisdomTree International Equity Fund) and EFV (iShares MSCI EAFE Value ETF) are both Foreign Large Cap Equities funds - DWM tracks the WisdomTree International Equity Index while EFV tracks the MSCI EAFE Value Index. Both are passively managed. Over the past 10 years, DWM returned 8.50%/yr vs 9.75%/yr for EFV. With a 0.96 correlation, they move nearly in lockstep. DWM charges 0.48%/yr vs 0.39%/yr for EFV.

Performance

DWM vs. EFV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International Equity Fund (DWM) and iShares MSCI EAFE Value ETF (EFV). 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 EFV's 9.13% return. Over the past 10 years, DWM has underperformed EFV with an annualized return of 8.50%, while EFV has yielded a comparatively higher 9.75% annualized 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%

EFV

• 1D: -0.78%
• 1M: 2.26%
• YTD: 9.13%
• 6M: 12.94%
• 1Y: 27.83%
• 3Y*: 21.99%
• 5Y*: 12.07%
• 10Y*: 9.75%

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

DWM vs. EFV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DWM WisdomTree International Equity Fund	7.43%	34.83%	4.15%	16.63%	-9.04%	10.76%	-2.33%	18.98%	-13.53%	24.08%
EFV iShares MSCI EAFE Value ETF	9.13%	42.22%	5.35%	18.85%	-5.22%	11.08%	-2.97%	15.80%	-14.67%	21.22%

Correlation

The correlation between DWM and EFV is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jun 19, 2006	0.96

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

DWM vs. EFV - Sectors Allocation Comparison

Sectors	DWM	EFV
Industrials	21.1%	10.2%
Financial Services	20.7%	36.9%
Consumer Cyclical	10.4%	4.8%
Healthcare	8.6%	7.2%
Technology	8.2%	4.3%
Consumer Defensive	7.5%	8.3%
Communication Services	5.5%	4.4%
Utilities	5.5%	5.9%
Basic Materials	5.3%	7.5%
Energy	4.0%	7.0%
Real Estate	3.2%	2.5%

Return for Risk

DWM vs. EFV — 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

EFV

EFV Risk / Return Rank: 55
EFV Sharpe Ratio Rank: 57
EFV Sortino Ratio Rank: 56
EFV Omega Ratio Rank: 57
EFV Calmar Ratio Rank: 51
EFV Martin Ratio Rank: 55

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. EFV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Equity Fund (DWM) and iShares MSCI EAFE Value ETF (EFV). 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	EFV	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.97	-0.49
Sortino ratio: Return per unit of downside risk	2.16	2.73	-0.57
Omega ratio: Gain probability vs. loss probability	1.27	1.36	-0.08
Calmar ratio: Return relative to maximum drawdown	1.92	2.57	-0.64
Martin ratio: Return relative to average drawdown	7.08	9.57	-2.49
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. EFV - Sharpe Ratio Comparison

The current DWM Sharpe Ratio is 1.48, which is comparable to the EFV Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of DWM and EFV, 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	EFV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	1.97	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.76	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.55	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.27	0.00

Drawdowns

DWM vs. EFV - Drawdown Comparison

The maximum DWM drawdown since its inception was -62.10%, roughly equal to the maximum EFV drawdown of -63.94%. Use the drawdown chart below to compare losses from any high point for DWM and EFV.

Drawdown Indicators

	DWM	EFV	Difference
Max Drawdown Largest peak-to-trough decline	-62.10%	-63.94%	+1.84%
Max Drawdown (1Y) Largest decline over 1 year	-10.93%	-10.90%	-0.03%
Max Drawdown (3Y) Largest decline over 3 years	-12.69%	-13.72%	+1.03%
Max Drawdown (5Y) Largest decline over 5 years	-25.64%	-25.84%	+0.20%
Max Drawdown (10Y) Largest decline over 10 years	-37.82%	-43.16%	+5.34%
Current Drawdown Current decline from peak	-2.78%	-2.51%	-0.27%
Average Drawdown Average peak-to-trough decline	-13.50%	-14.83%	+1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.91%	+0.05%

Volatility

DWM vs. EFV - Volatility Comparison

WisdomTree International Equity Fund (DWM) and iShares MSCI EAFE Value ETF (EFV) have volatilities of 4.43% and 4.52%, 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	EFV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	4.52%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	11.82%	11.56%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	14.21%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.28%	15.96%	-0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	17.86%	-1.27%

DWM vs. EFV - Expense Ratio Comparison

DWM has a 0.48% expense ratio, which is higher than EFV's 0.39% expense ratio.

Dividends

DWM vs. EFV - Dividend Comparison

DWM's dividend yield for the trailing twelve months is around 2.76%, less than EFV's 3.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
EFV iShares MSCI EAFE Value ETF	3.81%	4.16%	4.66%	4.36%	4.17%	4.07%	2.42%	4.62%	4.56%	3.56%	3.28%	3.59%

Frequently Asked Questions

Can I hold both DWM and EFV in my portfolio?

With a correlation of 0.95, DWM and EFV 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 EFV?

EFV has higher volatility (4.52%) compared to DWM (4.43%). In terms of maximum drawdown, DWM dropped -62.10% vs EFV's -63.94%.

Which ETF is better, DWM or EFV?

On 10-year performance, EFV leads with 9.75% vs 8.50% for DWM. On fees, EFV is cheaper at 0.39% 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 EFV?

Over the 10-year period, EFV has performed better with a 9.75% return vs 8.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DWM or EFV?

EFV is cheaper with a 0.39% expense ratio, compared with 0.48% for DWM.

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

EFV has the higher dividend yield at 3.81%, compared with 2.76% for DWM.

What is the main difference between DWM and EFV?

DWM tracks WisdomTree International Equity Index, while EFV tracks MSCI EAFE Value Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.48% for DWM and 0.39% for EFV.

Which has better risk-adjusted returns?

EFV currently has the higher Sharpe Ratio (1.97 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.