DWM vs. FID

Last updated Jun 4, 2026

DWM (WisdomTree International Equity Fund) and FID (First Trust S&P International Dividend Aristocrats ETF) are both Foreign Large Cap Equities funds - DWM tracks the WisdomTree International Equity Index while FID tracks the S&P International Dividend Aristocrats Index. Both are passively managed. Over the past 5 years, DWM returned 9.61%/yr vs 7.74%/yr for FID. A 0.79 correlation means they provide meaningful diversification when combined. DWM charges 0.48%/yr vs 0.60%/yr for FID.

Performance

DWM vs. FID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International Equity Fund (DWM) and First Trust S&P International Dividend Aristocrats ETF (FID). 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 FID's 8.56% 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%

FID

• 1D: -1.11%
• 1M: 2.56%
• YTD: 8.56%
• 6M: 10.95%
• 1Y: 23.28%
• 3Y*: 17.43%
• 5Y*: 7.74%
• 10Y*: —

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

DWM vs. FID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DWM WisdomTree International Equity Fund	7.43%	34.83%	4.15%	16.63%	-9.04%	10.76%	-2.33%	18.98%	-12.26%
FID First Trust S&P International Dividend Aristocrats ETF	8.56%	32.07%	5.42%	9.92%	-9.69%	12.90%	-7.56%	20.82%	-8.00%

Correlation

The correlation between DWM and FID is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Aug 30, 2018	0.79

The correlation between DWM and FID has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.

DWM vs. FID - Sectors Allocation Comparison

Sectors	DWM	FID
Industrials	21.1%	13.5%
Financial Services	20.7%	20.8%
Consumer Cyclical	10.4%	4.0%
Healthcare	8.6%	3.5%
Technology	8.2%	4.1%
Consumer Defensive	7.5%	3.7%
Communication Services	5.5%	11.5%
Utilities	5.5%	17.4%
Basic Materials	5.3%	4.3%
Energy	4.0%	8.0%
Real Estate	3.2%	9.4%

Return for Risk

DWM vs. FID — 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

FID

FID Risk / Return Rank: 62
FID Sharpe Ratio Rank: 69
FID Sortino Ratio Rank: 71
FID Omega Ratio Rank: 67
FID Calmar Ratio Rank: 53
FID Martin Ratio Rank: 53

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. FID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Equity Fund (DWM) and First Trust S&P International Dividend Aristocrats ETF (FID). 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	FID	Difference
Sharpe ratio: Return per unit of total volatility	1.48	2.30	-0.82
Sortino ratio: Return per unit of downside risk	2.16	3.26	-1.11
Omega ratio: Gain probability vs. loss probability	1.27	1.41	-0.13
Calmar ratio: Return relative to maximum drawdown	1.92	2.62	-0.69
Martin ratio: Return relative to average drawdown	7.08	9.14	-2.06
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. FID - Sharpe Ratio Comparison

The current DWM Sharpe Ratio is 1.48, which is lower than the FID Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of DWM and FID, 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	FID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	2.30	-0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.46	+0.18
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	0.39	-0.12

Drawdowns

DWM vs. FID - Drawdown Comparison

The maximum DWM drawdown since its inception was -62.10%, which is greater than FID's maximum drawdown of -39.79%. Use the drawdown chart below to compare losses from any high point for DWM and FID.

Drawdown Indicators

	DWM	FID	Difference
Max Drawdown Largest peak-to-trough decline	-62.10%	-39.79%	-22.31%
Max Drawdown (1Y) Largest decline over 1 year	-10.93%	-8.93%	-2.00%
Max Drawdown (3Y) Largest decline over 3 years	-12.69%	-10.97%	-1.72%
Max Drawdown (5Y) Largest decline over 5 years	-25.64%	-29.13%	+3.49%
Max Drawdown (10Y) Largest decline over 10 years	-37.82%	—	—
Current Drawdown Current decline from peak	-2.78%	-1.11%	-1.67%
Average Drawdown Average peak-to-trough decline	-13.50%	-8.47%	-5.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.55%	+0.41%

Volatility

DWM vs. FID - Volatility Comparison

WisdomTree International Equity Fund (DWM) has a higher volatility of 4.43% compared to First Trust S&P International Dividend Aristocrats ETF (FID) at 3.00%. This indicates that DWM's price experiences larger fluctuations and is considered to be riskier than FID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DWM	FID	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	3.00%	+1.43%
Volatility (6M) Calculated over the trailing 6-month period	11.82%	8.12%	+3.70%
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	10.16%	+4.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.28%	17.04%	-1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	18.96%	-2.37%

DWM vs. FID - Expense Ratio Comparison

DWM has a 0.48% expense ratio, which is lower than FID's 0.60% expense ratio.

Dividends

DWM vs. FID - Dividend Comparison

DWM's dividend yield for the trailing twelve months is around 2.76%, less than FID's 4.02% 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%
FID First Trust S&P International Dividend Aristocrats ETF	4.02%	4.30%	4.31%	4.19%	4.22%	3.76%	3.91%	3.70%	1.74%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DWM and FID in my portfolio?

DWM and FID have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DWM or FID?

DWM has higher volatility (4.43%) compared to FID (3.00%). In terms of maximum drawdown, DWM dropped -62.10% vs FID's -39.79%.

Which ETF is better, DWM or FID?

On 5-year performance, DWM leads with 9.61% vs 7.74% for FID. On fees, DWM is cheaper at 0.48% per year. On volatility, FID has been the lower-risk option at 3.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DWM or FID?

Over the 5-year period, DWM has performed better with a 9.61% return vs 7.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DWM or FID?

DWM is cheaper with a 0.48% expense ratio, compared with 0.60% for FID.

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

FID has the higher dividend yield at 4.02%, compared with 2.76% for DWM.

What is the main difference between DWM and FID?

DWM tracks WisdomTree International Equity Index, while FID tracks S&P International Dividend Aristocrats Index. They also come from different issuers: WisdomTree and First Trust. Their fees differ too: 0.48% for DWM and 0.60% for FID.

Which has better risk-adjusted returns?

FID currently has the higher Sharpe Ratio (2.30 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.