FDEV vs. DWMF
Compare and contrast key facts about Fidelity International Multifactor ETF (FDEV) and WisdomTree International Multifactor Fund (DWMF).
FDEV and DWMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDEV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Targeted International Factor Index. It was launched on Feb 26, 2019. DWMF is an actively managed fund by WisdomTree. It was launched on Aug 10, 2018.
Performance
FDEV vs. DWMF - Performance Comparison
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FDEV vs. DWMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FDEV Fidelity International Multifactor ETF | 3.83% | 30.36% | 5.84% | 13.37% | -16.54% | 11.00% | 5.49% | 10.06% |
DWMF WisdomTree International Multifactor Fund | 3.84% | 24.42% | 10.22% | 10.78% | -7.31% | 11.24% | -1.18% | 7.30% |
Returns By Period
The year-to-date returns for both investments are quite close, with FDEV having a 3.83% return and DWMF slightly higher at 3.84%.
FDEV
- 1D
- 2.35%
- 1M
- -4.83%
- YTD
- 3.83%
- 6M
- 9.22%
- 1Y
- 25.14%
- 3Y*
- 14.97%
- 5Y*
- 7.95%
- 10Y*
- —
DWMF
- 1D
- 2.44%
- 1M
- -5.33%
- YTD
- 3.84%
- 6M
- 6.56%
- 1Y
- 18.87%
- 3Y*
- 14.10%
- 5Y*
- 9.33%
- 10Y*
- —
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FDEV vs. DWMF - Expense Ratio Comparison
FDEV has a 0.39% expense ratio, which is higher than DWMF's 0.38% expense ratio.
Return for Risk
FDEV vs. DWMF — Risk / Return Rank
FDEV
DWMF
FDEV vs. DWMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Multifactor ETF (FDEV) 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.
| FDEV | DWMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 1.38 | +0.34 |
Sortino ratioReturn per unit of downside risk | 2.41 | 2.02 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.29 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.85 | 2.13 | +0.72 |
Martin ratioReturn relative to average drawdown | 11.64 | 8.12 | +3.52 |
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
| FDEV | DWMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 1.38 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.84 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.53 | +0.01 |
Correlation
The correlation between FDEV and DWMF is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FDEV vs. DWMF - Dividend Comparison
FDEV's dividend yield for the trailing twelve months is around 2.83%, less than DWMF's 2.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FDEV Fidelity International Multifactor ETF | 2.83% | 2.86% | 2.99% | 2.80% | 2.65% | 2.81% | 1.88% | 2.73% | 0.00% |
DWMF WisdomTree International Multifactor Fund | 2.87% | 2.80% | 3.50% | 4.01% | 3.41% | 3.54% | 2.06% | 2.77% | 1.15% |
Drawdowns
FDEV vs. DWMF - Drawdown Comparison
The maximum FDEV drawdown since its inception was -30.11%, roughly equal to the maximum DWMF drawdown of -29.72%. Use the drawdown chart below to compare losses from any high point for FDEV and DWMF.
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Drawdown Indicators
| FDEV | DWMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.11% | -29.72% | -0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -8.74% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -29.02% | -17.00% | -12.02% |
Current DrawdownCurrent decline from peak | -4.83% | -5.33% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -6.38% | -3.88% | -2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.29% | -0.16% |
Volatility
FDEV vs. DWMF - Volatility Comparison
Fidelity International Multifactor ETF (FDEV) has a higher volatility of 6.22% compared to WisdomTree International Multifactor Fund (DWMF) at 5.84%. This indicates that FDEV'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.
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Volatility by Period
| FDEV | DWMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 5.84% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.15% | 8.39% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.62% | 13.70% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 11.20% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.38% | 14.16% | +1.22% |