FEOE vs. DWMF

Last updated Jun 4, 2026

FEOE (First Eagle Overseas Equity ETF) and DWMF (WisdomTree International Multifactor Fund) are both Foreign Large Cap Equities funds. Both are actively managed. Over the past year, FEOE returned 32.06% vs 7.73% for DWMF. A 0.79 correlation means they provide meaningful diversification when combined. FEOE charges 0.50%/yr vs 0.38%/yr for DWMF.

Performance

FEOE vs. DWMF - Performance Comparison

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

Returns By Period

In the year-to-date period, FEOE achieves a 11.79% return, which is significantly higher than DWMF's 1.89% return.

FEOE

• 1D: -1.24%
• 1M: 4.06%
• YTD: 11.79%
• 6M: 14.94%
• 1Y: 32.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

FEOE vs. DWMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEOE First Eagle Overseas Equity ETF	11.79%	41.33%	-0.42%
DWMF WisdomTree International Multifactor Fund	1.89%	24.42%	0.68%

Correlation

The correlation between FEOE and DWMF is 0.79, 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	0.79
Correlation (All Time) Calculated using the full available price history since Dec 23, 2024	0.79

The correlation between FEOE and DWMF has been stable across timeframes, ranging from 0.79 to 0.79 - a consistent structural relationship.

FEOE vs. DWMF - Sectors Allocation Comparison

Sectors	FEOE	DWMF
Consumer Defensive	21.4%	11.5%
Industrials	15.3%	18.9%
Financial Services	13.4%	20.0%
Technology	12.7%	4.0%
Consumer Cyclical	11.7%	5.5%
Basic Materials	10.4%	3.7%
Energy	8.0%	2.0%
Healthcare	3.8%	9.0%
Real Estate	2.6%	6.7%
Communication Services	0.7%	9.5%
Utilities	-	9.2%

Return for Risk

FEOE vs. DWMF — Risk / Return Rank

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

FEOE

FEOE Risk / Return Rank: 61
FEOE Sharpe Ratio Rank: 68
FEOE Sortino Ratio Rank: 63
FEOE Omega Ratio Rank: 67
FEOE Calmar Ratio Rank: 54
FEOE Martin Ratio Rank: 54

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.

FEOE vs. DWMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Overseas Equity ETF (FEOE) 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.

	FEOE	DWMF	Difference
Sharpe ratio: Return per unit of total volatility	2.24	0.71	+1.53
Sortino ratio: Return per unit of downside risk	2.91	1.06	+1.86
Omega ratio: Gain probability vs. loss probability	1.40	1.13	+0.27
Calmar ratio: Return relative to maximum drawdown	2.62	0.89	+1.74
Martin ratio: Return relative to average drawdown	9.34	2.61	+6.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEOE vs. DWMF - Sharpe Ratio Comparison

The current FEOE Sharpe Ratio is 2.24, which is higher than the DWMF Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of FEOE 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

	FEOE	DWMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	0.71	+1.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.38	0.50	+1.88

Drawdowns

FEOE vs. DWMF - Drawdown Comparison

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

Drawdown Indicators

	FEOE	DWMF	Difference
Max Drawdown Largest peak-to-trough decline	-12.27%	-29.72%	+17.45%
Max Drawdown (1Y) Largest decline over 1 year	-12.27%	-8.74%	-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	-2.86%	-7.11%	+4.25%
Average Drawdown Average peak-to-trough decline	-1.78%	-3.90%	+2.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	2.97%	+0.47%

Volatility

FEOE vs. DWMF - Volatility Comparison

First Eagle Overseas Equity ETF (FEOE) has a higher volatility of 4.68% compared to WisdomTree International Multifactor Fund (DWMF) at 3.36%. This indicates that FEOE'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

	FEOE	DWMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.68%	3.36%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	12.32%	8.73%	+3.59%
Volatility (1Y) Calculated over the trailing 1-year period	14.41%	11.02%	+3.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.63%	11.23%	+4.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.63%	14.11%	+1.52%

FEOE vs. DWMF - Expense Ratio Comparison

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

Dividends

FEOE vs. DWMF - Dividend Comparison

FEOE's dividend yield for the trailing twelve months is around 1.37%, less than DWMF's 2.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DWMF WisdomTree International Multifactor Fund	2.92%	2.80%	3.50%	4.01%	3.41%	3.54%	2.06%	2.77%	1.15%
FEOE First Eagle Overseas Equity ETF	1.37%	1.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEOE and DWMF in my portfolio?

FEOE and DWMF have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEOE or DWMF?

FEOE has higher volatility (4.68%) compared to DWMF (3.36%). In terms of maximum drawdown, FEOE dropped -12.27% vs DWMF's -29.72%.

Which ETF is better, FEOE or DWMF?

On 1-year performance, FEOE leads with 32.06% vs 7.73% for DWMF. 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, FEOE or DWMF?

Over the 1-year period, FEOE has performed better with a 32.06% return vs 7.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEOE or DWMF?

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

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

DWMF has the higher dividend yield at 2.92%, compared with 1.37% for FEOE.

What is the main difference between FEOE and DWMF?

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

Which has better risk-adjusted returns?

FEOE currently has the higher Sharpe Ratio (2.24 vs 0.71), 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.