HFXI vs. DWMF
Compare and contrast key facts about IQ 50 Percent Hedged FTSE International ETF (HFXI) and WisdomTree International Multifactor Fund (DWMF).
HFXI and DWMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HFXI is a passively managed fund by New York Life that tracks the performance of the FTSE Developed ex North America 50% Hedged to USD Index. It was launched on Jul 22, 2015. DWMF is an actively managed fund by WisdomTree. It was launched on Aug 10, 2018.
Performance
HFXI vs. DWMF - Performance Comparison
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HFXI vs. DWMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HFXI IQ 50 Percent Hedged FTSE International ETF | 3.78% | 30.10% | 7.58% | 19.56% | -10.71% | 13.96% | 6.88% | 23.67% | -10.68% |
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
The year-to-date returns for both investments are quite close, with HFXI having a 3.78% return and DWMF slightly higher at 3.84%.
HFXI
- 1D
- 3.13%
- 1M
- -7.94%
- YTD
- 3.78%
- 6M
- 11.06%
- 1Y
- 27.85%
- 3Y*
- 16.89%
- 5Y*
- 10.58%
- 10Y*
- 10.49%
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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HFXI vs. DWMF - Expense Ratio Comparison
HFXI has a 0.20% expense ratio, which is lower than DWMF's 0.38% expense ratio.
Return for Risk
HFXI vs. DWMF — Risk / Return Rank
HFXI
DWMF
HFXI vs. DWMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ 50 Percent Hedged FTSE International ETF (HFXI) 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.
| HFXI | DWMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 1.38 | +0.29 |
Sortino ratioReturn per unit of downside risk | 2.31 | 2.02 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.29 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.13 | +0.34 |
Martin ratioReturn relative to average drawdown | 9.41 | 8.12 | +1.29 |
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
| HFXI | DWMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 1.38 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.84 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.53 | -0.02 |
Correlation
The correlation between HFXI and DWMF is 0.85, 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
HFXI vs. DWMF - Dividend Comparison
HFXI's dividend yield for the trailing twelve months is around 4.34%, more than DWMF's 2.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFXI IQ 50 Percent Hedged FTSE International ETF | 4.34% | 4.19% | 2.68% | 2.49% | 4.65% | 3.10% | 2.00% | 3.19% | 4.33% | 2.56% | 2.71% | 0.78% |
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
HFXI vs. DWMF - Drawdown Comparison
The maximum HFXI drawdown since its inception was -32.42%, which is greater than DWMF's maximum drawdown of -29.72%. Use the drawdown chart below to compare losses from any high point for HFXI and DWMF.
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Drawdown Indicators
| HFXI | DWMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.42% | -29.72% | -2.70% |
Max Drawdown (1Y)Largest decline over 1 year | -10.91% | -8.74% | -2.17% |
Max Drawdown (5Y)Largest decline over 5 years | -22.35% | -17.00% | -5.35% |
Max Drawdown (10Y)Largest decline over 10 years | -32.42% | — | — |
Current DrawdownCurrent decline from peak | -7.96% | -5.33% | -2.63% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -3.88% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.29% | +0.58% |
Volatility
HFXI vs. DWMF - Volatility Comparison
IQ 50 Percent Hedged FTSE International ETF (HFXI) has a higher volatility of 7.85% compared to WisdomTree International Multifactor Fund (DWMF) at 5.84%. This indicates that HFXI'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
| HFXI | DWMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.85% | 5.84% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 8.39% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 13.70% | +3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 11.20% | +3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 14.16% | +2.38% |