Correlation
The correlation between DWMF and FLHK is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
DWMF vs. FLHK
Compare and contrast key facts about WisdomTree International Multifactor Fund (DWMF) and Franklin FTSE Hong Kong ETF (FLHK).
DWMF and FLHK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DWMF is an actively managed fund by WisdomTree. It was launched on Aug 10, 2018. FLHK is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Hong Kong RIC Capped Index. It was launched on Nov 2, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DWMF or FLHK.
Performance
DWMF vs. FLHK - Performance Comparison
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Key characteristics
DWMF:
1.69
FLHK:
0.52
DWMF:
2.39
FLHK:
0.71
DWMF:
1.33
FLHK:
1.09
DWMF:
2.76
FLHK:
0.24
DWMF:
8.93
FLHK:
0.81
DWMF:
2.39%
FLHK:
11.57%
DWMF:
12.96%
FLHK:
23.72%
DWMF:
-29.70%
FLHK:
-41.81%
DWMF:
-0.71%
FLHK:
-24.90%
Returns By Period
In the year-to-date period, DWMF achieves a 17.31% return, which is significantly higher than FLHK's 10.35% return.
DWMF
17.31%
2.99%
16.05%
21.68%
11.68%
10.00%
N/A
FLHK
10.35%
7.15%
9.10%
12.23%
-1.24%
2.40%
N/A
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DWMF vs. FLHK - Expense Ratio Comparison
DWMF has a 0.38% expense ratio, which is higher than FLHK's 0.09% expense ratio.
Risk-Adjusted Performance
DWMF vs. FLHK — Risk-Adjusted Performance Rank
DWMF
FLHK
DWMF vs. FLHK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Multifactor Fund (DWMF) and Franklin FTSE Hong Kong ETF (FLHK). 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.
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Dividends
DWMF vs. FLHK - Dividend Comparison
DWMF's dividend yield for the trailing twelve months is around 2.82%, less than FLHK's 4.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
DWMF WisdomTree International Multifactor Fund | 2.82% | 3.50% | 4.01% | 3.41% | 3.54% | 2.06% | 2.77% | 1.15% | 0.00% |
FLHK Franklin FTSE Hong Kong ETF | 4.04% | 4.46% | 5.40% | 3.85% | 2.81% | 3.11% | 3.00% | 2.59% | 0.25% |
Drawdowns
DWMF vs. FLHK - Drawdown Comparison
The maximum DWMF drawdown since its inception was -29.70%, smaller than the maximum FLHK drawdown of -41.81%. Use the drawdown chart below to compare losses from any high point for DWMF and FLHK.
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Volatility
DWMF vs. FLHK - Volatility Comparison
The current volatility for WisdomTree International Multifactor Fund (DWMF) is 2.95%, while Franklin FTSE Hong Kong ETF (FLHK) has a volatility of 3.64%. This indicates that DWMF experiences smaller price fluctuations and is considered to be less risky than FLHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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