DWM vs. IGRO

Last updated Jun 23, 2026

DWM (WisdomTree International Equity Fund) and IGRO (iShares International Dividend Growth ETF) are both Foreign Large Cap Equities funds - DWM tracks the WisdomTree International Equity Index while IGRO tracks the Morningstar Global ex-US Dividend Growth Index (Net). Both are passively managed. Over the past 10 years, DWM returned 9.36%/yr vs 9.38%/yr for IGRO. Their correlation of 0.83 suggests significant overlap in exposure. DWM charges 0.48%/yr vs 0.15%/yr for IGRO.

Performance

DWM vs. IGRO - Performance Comparison

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

Returns By Period

In the year-to-date period, DWM achieves a 8.70% return, which is significantly higher than IGRO's 8.06% return. Both investments have delivered pretty close results over the past 10 years, with DWM having a 9.36% annualized return and IGRO not far ahead at 9.38%.

DWM

• 1D: -0.15%
• 1M: 0.84%
• YTD: 8.70%
• 6M: 9.37%
• 1Y: 23.33%
• 3Y*: 18.29%
• 5Y*: 10.34%
• 10Y*: 9.36%

IGRO

• 1D: 0.13%
• 1M: 0.87%
• YTD: 8.06%
• 6M: 8.56%
• 1Y: 17.42%
• 3Y*: 16.28%
• 5Y*: 8.19%
• 10Y*: 9.38%

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

DWM vs. IGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DWM WisdomTree International Equity Fund	8.70%	34.83%	4.15%	16.63%	-9.04%	10.76%	-2.33%	18.98%	-13.53%	24.08%
IGRO iShares International Dividend Growth ETF	8.06%	25.03%	7.78%	15.38%	-12.72%	9.94%	7.71%	26.13%	-14.86%	24.64%

Correlation

The correlation between DWM and IGRO 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	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since May 19, 2016	0.83

The correlation between DWM and IGRO has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.

DWM vs. IGRO - Sectors Allocation Comparison

Sectors	DWM	IGRO
Industrials	18.8%	14.4%
Financial Services	18.1%	32.0%
Consumer Cyclical	9.7%	6.8%
Healthcare	8.0%	12.6%
Technology	7.5%	8.7%
Consumer Defensive	7.1%	10.1%
Basic Materials	5.5%	3.5%
Utilities	5.2%	6.9%
Communication Services	4.8%	1.9%
Energy	3.8%	2.4%
Real Estate	2.8%	0.6%

Return for Risk

DWM vs. IGRO — Risk / Return Rank

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

DWM

DWM Risk / Return Rank: 47
DWM Sharpe Ratio Rank: 48
DWM Sortino Ratio Rank: 48
DWM Omega Ratio Rank: 48
DWM Calmar Ratio Rank: 44
DWM Martin Ratio Rank: 48

IGRO

IGRO Risk / Return Rank: 40
IGRO Sharpe Ratio Rank: 41
IGRO Sortino Ratio Rank: 40
IGRO Omega Ratio Rank: 40
IGRO Calmar Ratio Rank: 36
IGRO Martin Ratio Rank: 42

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. IGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Equity Fund (DWM) and iShares International Dividend Growth ETF (IGRO). 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.

	DWM	IGRO	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.39	+0.23
Sortino ratio: Return per unit of downside risk	2.34	2.00	+0.34
Omega ratio: Gain probability vs. loss probability	1.30	1.25	+0.05
Calmar ratio: Return relative to maximum drawdown	2.14	1.75	+0.39
Martin ratio: Return relative to average drawdown	7.76	6.52	+1.23

DWM vs. IGRO - Sharpe Ratio Comparison

The current DWM Sharpe Ratio is 1.62, which is comparable to the IGRO Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of DWM and IGRO, 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

DWM vs. IGRO - Drawdown Comparison

The maximum DWM drawdown since its inception was -62.10%, which is greater than IGRO's maximum drawdown of -36.25%. Use the drawdown chart below to compare losses from any high point for DWM and IGRO.

Drawdown Indicators

	DWM	IGRO	Difference
Max Drawdown Largest peak-to-trough decline	-62.10%	-36.25%	-25.85%
Max Drawdown (1Y) Largest decline over 1 year	-10.93%	-10.00%	-0.93%
Max Drawdown (3Y) Largest decline over 3 years	-12.69%	-11.13%	-1.56%
Max Drawdown (5Y) Largest decline over 5 years	-25.64%	-25.98%	+0.34%
Max Drawdown (10Y) Largest decline over 10 years	-37.82%	-36.25%	-1.57%
Current Drawdown Current decline from peak	-1.63%	-0.77%	-0.86%
Average Drawdown Average peak-to-trough decline	-13.47%	-5.66%	-7.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	2.68%	+0.33%

Volatility

DWM vs. IGRO - Volatility Comparison

WisdomTree International Equity Fund (DWM) has a higher volatility of 4.02% compared to iShares International Dividend Growth ETF (IGRO) at 3.17%. This indicates that DWM's price experiences larger fluctuations and is considered to be riskier than IGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DWM	IGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	3.17%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	12.25%	10.59%	+1.66%
Volatility (1Y) Calculated over the trailing 1-year period	14.50%	12.61%	+1.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.33%	13.93%	+1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.55%	16.83%	-0.28%

DWM vs. IGRO - Expense Ratio Comparison

DWM has a 0.48% expense ratio, which is higher than IGRO's 0.15% expense ratio.

Dividends

DWM vs. IGRO - Dividend Comparison

DWM's dividend yield for the trailing twelve months is around 2.73%, which matches IGRO's 2.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DWM WisdomTree International Equity Fund	2.73%	3.06%	3.86%	4.15%	4.36%	3.64%	2.74%	3.46%	3.86%	2.99%	3.43%	3.55%
IGRO iShares International Dividend Growth ETF	2.75%	2.51%	2.44%	2.79%	2.69%	2.27%	2.41%	2.65%	2.97%	2.43%	1.18%	0.00%

Frequently Asked Questions

Can I hold both DWM and IGRO in my portfolio?

With a correlation of 0.92, DWM and IGRO 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 IGRO?

DWM has higher volatility (4.02%) compared to IGRO (3.17%). In terms of maximum drawdown, DWM dropped -62.10% vs IGRO's -36.25%.

Which ETF is better, DWM or IGRO?

On 10-year performance, IGRO leads with 9.38% vs 9.36% for DWM. On fees, IGRO is cheaper at 0.15% per year. On volatility, IGRO has been the lower-risk option at 3.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DWM or IGRO?

Over the 10-year period, IGRO has performed better with a 9.38% return vs 9.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DWM or IGRO?

IGRO is cheaper with a 0.15% expense ratio, compared with 0.48% for DWM.

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

IGRO has the higher dividend yield at 2.75%, compared with 2.73% for DWM.

What is the main difference between DWM and IGRO?

DWM tracks WisdomTree International Equity Index, while IGRO tracks Morningstar Global ex-US Dividend Growth Index (Net). They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.48% for DWM and 0.15% for IGRO.

Which has better risk-adjusted returns?

DWM currently has the higher Sharpe Ratio (1.62 vs 1.39), 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.