DWMF vs. FEOE

Last updated Aug 2, 2026

DWMF (WisdomTree International Multifactor Fund) and FEOE (First Eagle Overseas Equity ETF) are both Foreign Large Cap Equities funds. Both are actively managed. Over the past year, DWMF returned 12.12% vs 33.53% for FEOE. Their 0.77 correlation means they have sometimes moved together and sometimes differently. DWMF charges 0.38%/yr vs 0.50%/yr for FEOE.

Performance

DWMF vs. FEOE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International Multifactor Fund (DWMF) and First Eagle Overseas Equity ETF (FEOE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DWMF achieves a 5.83% return, which is significantly lower than FEOE's 14.41% return.

DWMF

• 1D: 0.02%
• 1M: 0.05%
• 6M: 2.42%
• YTD: 5.83%
• 1Y: 12.12%
• 3Y*: 13.90%
• 5Y*: 8.75%
• 10Y*: —
• ALL TIME*: 7.38%

FEOE

• 1D: -0.93%
• 1M: 2.84%
• 6M: 7.81%
• YTD: 14.41%
• 1Y: 33.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 34.16%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DWMF WisdomTree International Multifactor Fund	$46.55K	$45.08K	$66.89K
FEOE First Eagle Overseas Equity ETF	$12.42M	$12.85M	$12.91M

DWMF vs. FEOE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DWMF WisdomTree International Multifactor Fund	5.83%	24.42%	0.35%
FEOE First Eagle Overseas Equity ETF	14.41%	41.33%	-0.74%

Correlation

The correlation between DWMF and FEOE is 0.76, 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.	0.76
Correlation (All Time) Calculated using the full available price history since Dec 20, 2024	0.77

The correlation between DWMF and FEOE has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.

DWMF vs. FEOE - Sectors Allocation Comparison

Sectors	DWMF	FEOE
Industrials	27.4%	14.3%
Financial Services	26.4%	13.0%
Technology	13.6%	13.9%
Basic Materials	9.8%	9.7%
Utilities	6.0%	-
Energy	4.3%	6.6%
Healthcare	4.2%	4.5%
Consumer Cyclical	4.0%	11.4%
Real Estate	1.7%	2.3%
Communication Services	1.4%	1.5%
Consumer Defensive	1.2%	22.8%

Return for Risk

DWMF vs. FEOE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DWMF

DWMF Risk / Return Rank: 39
DWMF Sharpe Ratio Rank: 41
DWMF Sortino Ratio Rank: 41
DWMF Omega Ratio Rank: 39
DWMF Calmar Ratio Rank: 40
DWMF Martin Ratio Rank: 36

FEOE

FEOE Risk / Return Rank: 84
FEOE Sharpe Ratio Rank: 90
FEOE Sortino Ratio Rank: 86
FEOE Omega Ratio Rank: 89
FEOE Calmar Ratio Rank: 79
FEOE Martin Ratio Rank: 74

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.

DWMF vs. FEOE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Multifactor Fund (DWMF) and First Eagle Overseas Equity ETF (FEOE). 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.

	DWMF	FEOE	Difference
Sharpe ratio: Return per unit of total volatility	1.01	2.26	-1.25
Sortino ratio: Return per unit of downside risk	1.51	2.90	-1.39
Omega ratio: Gain probability vs. loss probability	1.19	1.40	-0.22
Calmar ratio: Return relative to maximum drawdown	1.42	2.80	-1.38
Martin ratio: Return relative to average drawdown	3.64	9.26	-5.62

DWMF vs. FEOE - Sharpe Ratio Comparison

The current DWMF Sharpe Ratio is 1.01, which is lower than the FEOE Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of DWMF and FEOE, 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

DWMF vs. FEOE - Drawdown Comparison

The maximum DWMF drawdown since its inception was -29.72%, which is greater than FEOE's maximum drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for DWMF and FEOE.

Drawdown Indicators

	DWMF	FEOE	Difference
Max Drawdown Largest peak-to-trough decline	-29.72%	-12.27%	-17.45%
Max Drawdown (1Y) Largest decline over 1 year	-8.74%	-12.27%	+3.53%
Max Drawdown (3Y) Largest decline over 3 years	-8.74%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.00%	—	—
Current Drawdown Current decline from peak	-3.52%	-0.93%	-2.59%
Average Drawdown Average peak-to-trough decline	-3.90%	-1.95%	-1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	3.70%	-0.30%

Volatility

DWMF vs. FEOE - Volatility Comparison

WisdomTree International Multifactor Fund (DWMF) has a higher volatility of 4.90% compared to First Eagle Overseas Equity ETF (FEOE) at 3.92%. This indicates that DWMF's price experiences larger fluctuations and is considered to be riskier than FEOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DWMF	FEOE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.90%	3.92%	+0.98%
Volatility (6M) Calculated over the trailing 6-month period	10.55%	13.27%	-2.72%
Volatility (1Y) Calculated over the trailing 1-year period	12.27%	15.23%	-2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.51%	15.66%	-4.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.16%	15.66%	-1.50%

DWMF vs. FEOE - Expense Ratio Comparison

DWMF has a 0.38% expense ratio, which is lower than FEOE's 0.50% expense ratio.

Dividends

DWMF vs. FEOE - Dividend Comparison

DWMF's dividend yield for the trailing twelve months is around 3.10%, more than FEOE's 1.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DWMF WisdomTree International Multifactor Fund	3.10%	2.80%	3.50%	4.01%	3.41%	3.54%	2.06%	2.77%	1.15%
FEOE First Eagle Overseas Equity ETF	1.33%	1.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DWMF and FEOE in my portfolio?

DWMF and FEOE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DWMF or FEOE?

DWMF has higher volatility (4.90%) compared to FEOE (3.92%). In terms of maximum drawdown, DWMF dropped -29.72% vs FEOE's -12.27%.

Which ETF is better, DWMF or FEOE?

On 1-year performance, FEOE leads with 33.53% vs 12.12% for DWMF. On fees, DWMF is cheaper at 0.38% per year. On volatility, FEOE has been the lower-risk option at 3.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DWMF or FEOE?

Over the 1-year period, FEOE has performed better with a 33.53% return vs 12.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DWMF or FEOE?

DWMF is cheaper with a 0.38% expense ratio, compared with 0.50% for FEOE.

Which ETF pays a higher dividend yield, DWMF or FEOE?

DWMF has the higher dividend yield at 3.10%, compared with 1.33% for FEOE.

What is the main difference between DWMF and FEOE?

They also come from different issuers: WisdomTree and First Eagle. Their fees differ too: 0.38% for DWMF and 0.50% for FEOE.

Which has better risk-adjusted returns?

FEOE currently has the higher Sharpe Ratio (2.26 vs 1.01), 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.