EFAD vs. DWMF

Last updated Jun 4, 2026

EFAD (ProShares MSCI EAFE Dividend Growers ETF) and DWMF (WisdomTree International Multifactor Fund) are both Foreign Large Cap Equities funds. EFAD is passively managed, while DWMF is actively managed. Over the past 5 years, EFAD returned 0.93%/yr vs 8.14%/yr for DWMF. Their correlation of 0.84 suggests significant overlap in exposure. EFAD charges 0.50%/yr vs 0.38%/yr for DWMF.

Performance

EFAD vs. DWMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI EAFE Dividend Growers ETF (EFAD) and WisdomTree International Multifactor Fund (DWMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with EFAD having a 1.98% return and DWMF slightly lower at 1.89%.

EFAD

• 1D: -0.94%
• 1M: 1.01%
• YTD: 1.98%
• 6M: 2.48%
• 1Y: 2.83%
• 3Y*: 6.48%
• 5Y*: 0.93%
• 10Y*: 4.08%

DWMF

• 1D: -0.69%
• 1M: -0.93%
• YTD: 1.89%
• 6M: 3.01%
• 1Y: 7.73%
• 3Y*: 13.07%
• 5Y*: 8.14%
• 10Y*: —

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

EFAD vs. DWMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EFAD ProShares MSCI EAFE Dividend Growers ETF	1.98%	15.87%	-1.88%	11.91%	-21.34%	8.41%	8.75%	24.66%	-11.06%
DWMF WisdomTree International Multifactor Fund	1.89%	24.42%	10.22%	10.78%	-7.31%	11.24%	-1.18%	16.10%	-7.30%

Correlation

The correlation between EFAD and DWMF is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Aug 13, 2018	0.84

The correlation between EFAD and DWMF has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

EFAD vs. DWMF - Sectors Allocation Comparison

Sectors	EFAD	DWMF
Healthcare	18.1%	9.0%
Industrials	15.6%	18.9%
Technology	15.5%	4.0%
Financial Services	13.9%	20.0%
Consumer Defensive	9.8%	11.5%
Basic Materials	8.7%	3.7%
Utilities	8.4%	9.2%
Communication Services	6.4%	9.5%
Real Estate	3.6%	6.7%
Energy	1.3%	2.0%
Consumer Cyclical	-	5.5%

Return for Risk

EFAD vs. DWMF — Risk / Return Rank

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

EFAD

EFAD Risk / Return Rank: 12
EFAD Sharpe Ratio Rank: 11
EFAD Sortino Ratio Rank: 11
EFAD Omega Ratio Rank: 11
EFAD Calmar Ratio Rank: 12
EFAD Martin Ratio Rank: 13

DWMF

DWMF Risk / Return Rank: 20
DWMF Sharpe Ratio Rank: 21
DWMF Sortino Ratio Rank: 20
DWMF Omega Ratio Rank: 20
DWMF Calmar Ratio Rank: 20
DWMF Martin Ratio Rank: 21

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.

EFAD vs. DWMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI EAFE Dividend Growers ETF (EFAD) and WisdomTree International Multifactor Fund (DWMF). 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.

	EFAD	DWMF	Difference
Sharpe ratio: Return per unit of total volatility	0.21	0.71	-0.49
Sortino ratio: Return per unit of downside risk	0.39	1.06	-0.67
Omega ratio: Gain probability vs. loss probability	1.05	1.13	-0.08
Calmar ratio: Return relative to maximum drawdown	0.28	0.89	-0.61
Martin ratio: Return relative to average drawdown	0.92	2.61	-1.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EFAD vs. DWMF - Sharpe Ratio Comparison

The current EFAD Sharpe Ratio is 0.21, which is lower than the DWMF Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of EFAD and DWMF, 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

	EFAD	DWMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.21	0.71	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	0.73	-0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.50	-0.32

Drawdowns

EFAD vs. DWMF - Drawdown Comparison

The maximum EFAD drawdown since its inception was -35.74%, which is greater than DWMF's maximum drawdown of -29.72%. Use the drawdown chart below to compare losses from any high point for EFAD and DWMF.

Drawdown Indicators

	EFAD	DWMF	Difference
Max Drawdown Largest peak-to-trough decline	-35.74%	-29.72%	-6.02%
Max Drawdown (1Y) Largest decline over 1 year	-10.18%	-8.74%	-1.44%
Max Drawdown (3Y) Largest decline over 3 years	-13.35%	-8.74%	-4.61%
Max Drawdown (5Y) Largest decline over 5 years	-35.74%	-17.00%	-18.74%
Max Drawdown (10Y) Largest decline over 10 years	-35.74%	—	—
Current Drawdown Current decline from peak	-3.70%	-7.11%	+3.41%
Average Drawdown Average peak-to-trough decline	-10.32%	-3.90%	-6.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	2.97%	+0.12%

Volatility

EFAD vs. DWMF - Volatility Comparison

ProShares MSCI EAFE Dividend Growers ETF (EFAD) has a higher volatility of 3.94% compared to WisdomTree International Multifactor Fund (DWMF) at 3.36%. This indicates that EFAD's price experiences larger fluctuations and is considered to be riskier than DWMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EFAD	DWMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	3.36%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	10.67%	8.73%	+1.94%
Volatility (1Y) Calculated over the trailing 1-year period	13.27%	11.02%	+2.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.39%	11.23%	+3.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	14.11%	+1.56%

EFAD vs. DWMF - Expense Ratio Comparison

EFAD has a 0.50% expense ratio, which is higher than DWMF's 0.38% expense ratio.

Dividends

EFAD vs. DWMF - Dividend Comparison

EFAD's dividend yield for the trailing twelve months is around 2.82%, less than DWMF's 2.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DWMF WisdomTree International Multifactor Fund	2.92%	2.80%	3.50%	4.01%	3.41%	3.54%	2.06%	2.77%	1.15%	0.00%	0.00%	0.00%
EFAD ProShares MSCI EAFE Dividend Growers ETF	2.82%	2.83%	2.64%	2.29%	1.76%	2.98%	1.49%	2.05%	2.37%	2.42%	2.88%	1.94%

Frequently Asked Questions

Can I hold both EFAD and DWMF in my portfolio?

EFAD and DWMF have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EFAD or DWMF?

EFAD has higher volatility (3.94%) compared to DWMF (3.36%). In terms of maximum drawdown, EFAD dropped -35.74% vs DWMF's -29.72%.

Which ETF is better, EFAD or DWMF?

On 5-year performance, DWMF leads with 8.14% vs 0.93% for EFAD. On fees, DWMF is cheaper at 0.38% per year. On volatility, DWMF has been the lower-risk option at 3.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EFAD or DWMF?

Over the 5-year period, DWMF has performed better with a 8.14% return vs 0.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EFAD or DWMF?

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

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

DWMF has the higher dividend yield at 2.92%, compared with 2.82% for EFAD.

What is the main difference between EFAD and DWMF?

They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.50% for EFAD and 0.38% for DWMF.

Which has better risk-adjusted returns?

DWMF currently has the higher Sharpe Ratio (0.71 vs 0.21), 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.