DWM vs. VWOB
DWM (WisdomTree International Equity Fund) and VWOB (Vanguard Emerging Markets Government Bond ETF) are both exchange-traded funds - DWM is a Foreign Large Cap Equities fund tracking the WisdomTree International Equity Index, while VWOB is a Emerging Markets Bonds fund tracking the Barclays USD Emerging Markets Government RIC Capped Index. Both are passively managed. Over the past 10 years, DWM returned 8.50%/yr vs 3.53%/yr for VWOB. At a 0.48 correlation, their price movements are largely independent. DWM charges 0.48%/yr vs 0.20%/yr for VWOB.
Performance
DWM vs. VWOB - Performance Comparison
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Returns By Period
In the year-to-date period, DWM achieves a 7.43% return, which is significantly higher than VWOB's 1.54% return. Over the past 10 years, DWM has outperformed VWOB with an annualized return of 8.50%, while VWOB has yielded a comparatively lower 3.53% 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%
VWOB
- 1D
- -0.31%
- 1M
- 1.13%
- YTD
- 1.54%
- 6M
- 1.55%
- 1Y
- 10.87%
- 3Y*
- 9.39%
- 5Y*
- 2.08%
- 10Y*
- 3.53%
DWM vs. VWOB - 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% |
VWOB Vanguard Emerging Markets Government Bond ETF | 1.54% | 13.49% | 5.20% | 10.68% | -17.39% | -1.80% | 5.65% | 14.46% | -2.92% | 8.41% |
Correlation
The correlation between DWM and VWOB is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2013 | 0.48 |
The correlation between DWM and VWOB shifts across timeframes, from 0.48 (all time) to 0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DWM vs. VWOB — Risk / Return Rank
DWM
VWOB
DWM vs. VWOB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Equity Fund (DWM) and Vanguard Emerging Markets Government Bond ETF (VWOB). 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 | VWOB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.41 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.44 | -0.51 |
| Martin ratioReturn relative to average drawdown | 7.08 | 10.30 | -3.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DWM | VWOB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.12 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.23 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.38 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.42 | -0.15 |
Drawdowns
DWM vs. VWOB - Drawdown Comparison
The maximum DWM drawdown since its inception was -62.10%, which is greater than VWOB's maximum drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for DWM and VWOB.
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Drawdown Indicators
| DWM | VWOB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.10% | -26.98% | -35.12% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -4.48% | -6.45% |
Max Drawdown (3Y)Largest decline over 3 years | -12.69% | -7.71% | -4.98% |
Max Drawdown (5Y)Largest decline over 5 years | -25.64% | -26.98% | +1.34% |
Max Drawdown (10Y)Largest decline over 10 years | -37.82% | -26.98% | -10.84% |
Current DrawdownCurrent decline from peak | -2.78% | -0.36% | -2.42% |
Average DrawdownAverage peak-to-trough decline | -13.50% | -4.78% | -8.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 1.06% | +1.90% |
Volatility
DWM vs. VWOB - Volatility Comparison
WisdomTree International Equity Fund (DWM) has a higher volatility of 4.43% compared to Vanguard Emerging Markets Government Bond ETF (VWOB) at 1.72%. This indicates that DWM's price experiences larger fluctuations and is considered to be riskier than VWOB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DWM | VWOB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 1.72% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 4.17% | +7.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.19% | 5.15% | +9.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.28% | 9.18% | +6.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 9.34% | +7.25% |
DWM vs. VWOB - Expense Ratio Comparison
DWM has a 0.48% expense ratio, which is higher than VWOB's 0.20% expense ratio.
Dividends
DWM vs. VWOB - Dividend Comparison
DWM's dividend yield for the trailing twelve months is around 2.76%, less than VWOB's 5.85% 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% |
VWOB Vanguard Emerging Markets Government Bond ETF | 5.85% | 5.92% | 6.08% | 5.50% | 5.30% | 4.04% | 4.18% | 4.58% | 4.52% | 4.61% | 4.71% | 4.93% |
Frequently Asked Questions
DWM and VWOB have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DWM has higher volatility (4.43%) compared to VWOB (1.72%). In terms of maximum drawdown, DWM dropped -62.10% vs VWOB's -26.98%.
On 10-year performance, DWM leads with 8.50% vs 3.53% for VWOB. On fees, VWOB is cheaper at 0.20% per year. On volatility, VWOB has been the lower-risk option at 1.72%. 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 8.50% return vs 3.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VWOB is cheaper with a 0.20% expense ratio, compared with 0.48% for DWM.
VWOB has the higher dividend yield at 5.85%, compared with 2.76% for DWM.
DWM is categorized as Foreign Large Cap Equities, while VWOB is Emerging Markets Bonds. DWM tracks WisdomTree International Equity Index, while VWOB tracks Barclays USD Emerging Markets Government RIC Capped Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.48% for DWM and 0.20% for VWOB.
VWOB currently has the higher Sharpe Ratio (2.12 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.
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