DWMF vs VYM
WisdomTree International Multifactor Fund vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | DWMF | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.42% | 0.04% | |
| AUM | $34M | $79.0B | |
| Dividend Yield | 3.07% | 2.86% | |
| Holdings | 201 | 568 | |
| YTD Return | +7.34% | +16.78% | |
| 1Y Return | +10.85% | +24.43% | |
| 3Y Return (annualized) | +14.99% | +18.60% | |
| 5Y Return (annualized) | +8.71% | +12.30% | |
| Volatility (annualized) | 11.3% | 14.6% | |
| Max Drawdown | -29.7% | -58.8% | |
| Fund Family | WisdomTree Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Aug 10, 2018 | Nov 10, 2006 |
DWMF vs VYM Performance
WisdomTree International Multifactor Fund (DWMF) is a ETF from WisdomTree Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year DWMF returned +10.85% while VYM returned +24.43%. Year to date, DWMF is up 7.34% versus a gain of 16.78% for VYM.
Over three years, DWMF compounded at +14.99% per year against +18.60% for VYM; over five years the annualized figures are +8.71% and +12.30% respectively. Across the full 8-year window we track, VYM has the edge at +7.11% annualized vs +6.75%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 11.3% for DWMF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -29.7% for DWMF and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DWMF charges 0.42% per year while VYM charges 0.04%. On a $10,000 position that is $42 vs $4 annually, a gap of $38 per year that compounds over a long holding period. On income, DWMF currently yields 3.07% against 2.86% for VYM.
Holdings Overlap
DWMF and VYM share 2 holdings out of 756 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DWMF or VYM?
DWMF has an expense ratio of 0.42% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $38 per year of difference.
Which performed better, DWMF or VYM?
Over the past year DWMF returned +10.85% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (8 years), DWMF annualized +6.75% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, DWMF or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 11.3% for DWMF. Worst drawdown: DWMF -29.7% vs VYM -58.8%.
Should I hold both DWMF and VYM?
DWMF and VYM have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DWMF and VYM?
DWMF and VYM share 2 common holdings with a 0.1% weight overlap. Combined, they hold 756 unique securities.
Which pays a higher dividend, DWMF or VYM?
DWMF yields 3.07% while VYM yields 2.86%, so DWMF currently pays the higher dividend yield.
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