PXF vs. DWMF
Compare and contrast key facts about Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF) and WisdomTree International Multifactor Fund (DWMF).
PXF and DWMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PXF is a passively managed fund by Invesco that tracks the performance of the FTSE RAFI Developed Markets ex-U.S. Index. It was launched on Jun 25, 2007. DWMF is an actively managed fund by WisdomTree. It was launched on Aug 10, 2018.
Performance
PXF vs. DWMF - Performance Comparison
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PXF vs. DWMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 7.42% | 42.51% | 4.54% | 18.46% | -9.09% | 15.93% | 2.58% | 17.50% | -10.97% |
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
In the year-to-date period, PXF achieves a 7.42% return, which is significantly higher than DWMF's 3.84% return.
PXF
- 1D
- 3.20%
- 1M
- -7.54%
- YTD
- 7.42%
- 6M
- 16.47%
- 1Y
- 39.79%
- 3Y*
- 21.01%
- 5Y*
- 12.53%
- 10Y*
- 10.96%
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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PXF vs. DWMF - Expense Ratio Comparison
PXF has a 0.45% expense ratio, which is higher than DWMF's 0.38% expense ratio.
Return for Risk
PXF vs. DWMF — Risk / Return Rank
PXF
DWMF
PXF vs. DWMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF) 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.
| PXF | DWMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.29 | 1.38 | +0.90 |
Sortino ratioReturn per unit of downside risk | 2.97 | 2.02 | +0.95 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.29 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 3.34 | 2.13 | +1.21 |
Martin ratioReturn relative to average drawdown | 13.24 | 8.12 | +5.12 |
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
| PXF | DWMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | 1.38 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.84 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.53 | -0.31 |
Correlation
The correlation between PXF and DWMF is 0.84, 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
PXF vs. DWMF - Dividend Comparison
PXF's dividend yield for the trailing twelve months is around 3.45%, more than DWMF's 2.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 3.45% | 3.64% | 3.48% | 3.55% | 3.58% | 3.74% | 2.11% | 3.50% | 3.38% | 2.78% | 3.21% | 3.10% |
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
PXF vs. DWMF - Drawdown Comparison
The maximum PXF drawdown since its inception was -64.74%, which is greater than DWMF's maximum drawdown of -29.72%. Use the drawdown chart below to compare losses from any high point for PXF and DWMF.
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Drawdown Indicators
| PXF | DWMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.74% | -29.72% | -35.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.52% | -8.74% | -2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -26.82% | -17.00% | -9.82% |
Max Drawdown (10Y)Largest decline over 10 years | -41.59% | — | — |
Current DrawdownCurrent decline from peak | -7.54% | -5.33% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -15.40% | -3.88% | -11.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.29% | +0.61% |
Volatility
PXF vs. DWMF - Volatility Comparison
Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF) has a higher volatility of 8.30% compared to WisdomTree International Multifactor Fund (DWMF) at 5.84%. This indicates that PXF'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
| PXF | DWMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 5.84% | +2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 8.39% | +3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.52% | 13.70% | +3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 11.20% | +5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 14.16% | +3.87% |