HDAW vs. DWMF

Last updated Apr 1, 2026

Compare and contrast key facts about Xtrackers MSCI All World ex US High Dividend Yield Equity ETF (HDAW) and WisdomTree International Multifactor Fund (DWMF).

HDAW and DWMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDAW is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI ACWI ex USA High Dividend Yield US Dollar Hedged Index. It was launched on Aug 12, 2015. DWMF is an actively managed fund by WisdomTree. It was launched on Aug 10, 2018.

Performance

HDAW vs. DWMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI All World ex US High Dividend Yield Equity ETF (HDAW) and WisdomTree International Multifactor Fund (DWMF). The values are adjusted to include any dividend payments, if applicable.

HDAW vs. DWMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ETF	0.00%	0.00%	6.53%	16.58%	-5.74%	9.73%	-3.67%	22.40%	-8.54%
DWMF WisdomTree International Multifactor Fund	3.84%	24.42%	10.22%	10.78%	-7.31%	11.24%	-1.18%	16.10%	-7.30%

Returns By Period

HDAW

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DWMF

• 1D: 2.44%
• 1M: -5.33%
• YTD: 3.84%
• 6M: 6.56%
• 1Y: 18.87%
• 3Y*: 14.10%
• 5Y*: 9.33%
• 10Y*: —

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

HDAW vs. DWMF - Expense Ratio Comparison

HDAW has a 0.20% expense ratio, which is lower than DWMF's 0.38% expense ratio.

DWMF

WisdomTree International Multifactor Fund

HDAW

Xtrackers MSCI All World ex US High Dividend Yield Equity ETF

Return for Risk

HDAW vs. DWMF — Risk / Return Rank

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

DWMF

DWMF Risk / Return Rank: 78
DWMF Sharpe Ratio Rank: 76
DWMF Sortino Ratio Rank: 79
DWMF Omega Ratio Rank: 77
DWMF Calmar Ratio Rank: 79
DWMF Martin Ratio Rank: 77

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.

HDAW vs. DWMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI All World ex US High Dividend Yield Equity ETF (HDAW) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HDAW	DWMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.38	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.53	—

Correlation

The correlation between HDAW and DWMF is 0.65, 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.

Dividends

HDAW vs. DWMF - Dividend Comparison

HDAW has not paid dividends to shareholders, while DWMF's dividend yield for the trailing twelve months is around 2.87%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ETF	0.00%	0.00%	2.68%	4.85%	7.00%	4.84%	4.27%	3.95%	4.02%	4.09%	2.92%	1.18%
DWMF WisdomTree International Multifactor Fund	2.87%	2.80%	3.50%	4.01%	3.41%	3.54%	2.06%	2.77%	1.15%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	HDAW	DWMF	Difference
Max Drawdown Largest peak-to-trough decline	—	-29.72%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.00%	—
Current Drawdown Current decline from peak	—	-5.33%	—
Average Drawdown Average peak-to-trough decline	—	-3.88%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.29%	—

Volatility

Volatility by Period

	HDAW	DWMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.70%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	11.20%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	14.16%	—