INEQ vs. DWMF

Last updated Aug 2, 2026

INEQ (Columbia International Equity Income ETF) and DWMF (WisdomTree International Multifactor Fund) are both exchange-traded funds - INEQ is a Dividend fund actively managed by Columbia, while DWMF is a Foreign Large Cap Equities fund actively managed by WisdomTree. Both are actively managed. Over the past 5 years, INEQ returned 13.46%/yr vs 8.75%/yr for DWMF. Their 0.80 correlation means they have sometimes moved together and sometimes differently. INEQ charges 0.45%/yr vs 0.38%/yr for DWMF.

Performance

INEQ vs. DWMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia International Equity Income ETF (INEQ) 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, INEQ achieves a 12.10% return, which is significantly higher than DWMF's 5.83% return.

INEQ

• 1D: -0.61%
• 1M: 4.84%
• 6M: 7.09%
• YTD: 12.10%
• 1Y: 28.80%
• 3Y*: 20.29%
• 5Y*: 13.46%
• 10Y*: 9.92%
• ALL TIME*: 10.16%

DWMF

• 1D: 0.02%
• 1M: 0.05%
• 6M: 2.42%
• YTD: 5.83%
• 1Y: 12.12%
• 3Y*: 13.90%
• 5Y*: 8.75%
• 10Y*: —
• ALL TIME*: 7.38%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DWMF WisdomTree International Multifactor Fund	$46.55K	$45.08K	$66.89K
INEQ Columbia International Equity Income ETF	$606.92K	$766.57K	$703.44K

INEQ vs. DWMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
INEQ Columbia International Equity Income ETF	12.10%	39.85%	6.02%	20.88%	-5.95%	10.18%	-0.52%	15.83%	-14.63%
DWMF WisdomTree International Multifactor Fund	5.83%	24.42%	10.22%	10.78%	-7.31%	11.24%	-1.18%	16.10%	-7.26%

Correlation

The correlation between INEQ and DWMF is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (All Time) Calculated using the full available price history since Aug 10, 2018	0.80

The correlation between INEQ and DWMF has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.

INEQ vs. DWMF - Sectors Allocation Comparison

Sectors	INEQ	DWMF
Financial Services	27.2%	26.4%
Industrials	14.0%	27.4%
Basic Materials	10.4%	9.8%
Consumer Defensive	9.5%	1.2%
Energy	9.3%	4.3%
Healthcare	8.7%	4.2%
Communication Services	8.0%	1.4%
Consumer Cyclical	5.6%	4.0%
Utilities	3.6%	6.0%
Real Estate	2.1%	1.7%
Technology	1.6%	13.6%

Return for Risk

INEQ vs. DWMF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

INEQ

INEQ Risk / Return Rank: 84
INEQ Sharpe Ratio Rank: 88
INEQ Sortino Ratio Rank: 87
INEQ Omega Ratio Rank: 86
INEQ Calmar Ratio Rank: 81
INEQ Martin Ratio Rank: 76

DWMF

DWMF Risk / Return Rank: 39
DWMF Sharpe Ratio Rank: 41
DWMF Sortino Ratio Rank: 41
DWMF Omega Ratio Rank: 39
DWMF Calmar Ratio Rank: 40
DWMF Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

INEQ vs. DWMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia International Equity Income ETF (INEQ) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	INEQ	DWMF	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.01	+1.11
Sortino ratio: Return per unit of downside risk	2.93	1.51	+1.42
Omega ratio: Gain probability vs. loss probability	1.38	1.19	+0.20
Calmar ratio: Return relative to maximum drawdown	3.00	1.42	+1.58
Martin ratio: Return relative to average drawdown	9.69	3.64	+6.05

INEQ vs. DWMF - Sharpe Ratio Comparison

The current INEQ Sharpe Ratio is 2.12, which is higher than the DWMF Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of INEQ 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.

Drawdowns

INEQ vs. DWMF - Drawdown Comparison

The maximum INEQ drawdown since its inception was -41.71%, which is greater than DWMF's maximum drawdown of -29.72%. Use the drawdown chart below to compare losses from any high point for INEQ and DWMF.

Drawdown Indicators

	INEQ	DWMF	Difference
Max Drawdown Largest peak-to-trough decline	-41.71%	-29.72%	-11.99%
Max Drawdown (1Y) Largest decline over 1 year	-9.56%	-8.74%	-0.82%
Max Drawdown (3Y) Largest decline over 3 years	-14.38%	-8.74%	-5.64%
Max Drawdown (5Y) Largest decline over 5 years	-24.51%	-17.00%	-7.51%
Max Drawdown (10Y) Largest decline over 10 years	-41.71%	—	—
Current Drawdown Current decline from peak	-0.61%	-3.52%	+2.91%
Average Drawdown Average peak-to-trough decline	-7.00%	-3.90%	-3.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	3.40%	-0.44%

Volatility

INEQ vs. DWMF - Volatility Comparison

The current volatility for Columbia International Equity Income ETF (INEQ) is 4.27%, while WisdomTree International Multifactor Fund (DWMF) has a volatility of 4.90%. This indicates that INEQ experiences smaller price fluctuations and is considered to be less risky than DWMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INEQ	DWMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	4.90%	-0.63%
Volatility (6M) Calculated over the trailing 6-month period	11.47%	10.55%	+0.92%
Volatility (1Y) Calculated over the trailing 1-year period	13.57%	12.27%	+1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.33%	11.51%	+3.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.37%	14.16%	+2.21%

INEQ vs. DWMF - Expense Ratio Comparison

INEQ has a 0.45% expense ratio, which is higher than DWMF's 0.38% expense ratio.

Dividends

INEQ vs. DWMF - Dividend Comparison

INEQ's dividend yield for the trailing twelve months is around 9.31%, more than DWMF's 3.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DWMF WisdomTree International Multifactor Fund	3.10%	2.80%	3.50%	4.01%	3.41%	3.54%	2.06%	2.77%	1.15%	0.00%	0.00%
INEQ Columbia International Equity Income ETF	9.31%	9.76%	3.11%	3.27%	3.57%	3.43%	2.64%	3.34%	7.25%	4.63%	2.52%

Frequently Asked Questions

Can I hold both INEQ and DWMF in my portfolio?

INEQ and DWMF have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INEQ or DWMF?

DWMF has higher volatility (4.90%) compared to INEQ (4.27%). In terms of maximum drawdown, INEQ dropped -41.71% vs DWMF's -29.72%.

Which ETF is better, INEQ or DWMF?

On 5-year performance, INEQ leads with 13.46% vs 8.75% for DWMF. On fees, DWMF is cheaper at 0.38% per year. On volatility, INEQ has been the lower-risk option at 4.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INEQ or DWMF?

Over the 5-year period, INEQ has performed better with a 13.46% return vs 8.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INEQ or DWMF?

DWMF is cheaper with a 0.38% expense ratio, compared with 0.45% for INEQ.

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

INEQ has the higher dividend yield at 9.31%, compared with 3.10% for DWMF.

What is the main difference between INEQ and DWMF?

INEQ is categorized as Dividend, while DWMF is Foreign Large Cap Equities. They also come from different issuers: Columbia and WisdomTree. Their fees differ too: 0.45% for INEQ and 0.38% for DWMF.

Which has better risk-adjusted returns?

INEQ currently has the higher Sharpe Ratio (2.12 vs 1.01), 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.