DWM vs IGRO: Grades, Fees and Holdings Compared

WisdomTree International Equity Fund

DWMBNYSE Arca

iShares International Dividend Growth ETF

IGROACboe

Overlap

26.1%by weight

Expense ratio

IGRO −0.33pt a year

DWM0.48%IGRO0.15%

Avg volume · 30D

IGRO 3.8×the volume

DWM10.8KIGRO41.5K

10Y return · a year

IGRO +0.9pt

DWM+8.7%IGRO+9.6%

DWM vs IGRO Performance

Nov 9, 2021 – Nov 9, 2026

+64.1%DWM+57.6%IGRO

Expense ratio: DWM 0.48%; IGRO 0.15%, better
Fund size: DWM $644M; IGRO $1.32B
1Y total return: DWM +15.1%; IGRO +21.3%, better
Yield (12M): DWM 2.69%, better; IGRO 2.57%
Holdings: DWM 1391; IGRO 576
Avg volume (30D): DWM 10.8K sh; IGRO 41.5K sh, better
NAV per share: DWM $72.38; IGRO $91.87
52W range

ETF.net Grade

Pillar letters and Scores for DWM, IGRO, with each pillar’s weight
Pillar	DWM	IGRO
Cost30% weight	B57	A85Higher
Mission25% weight	A100	A100
Risk15% weight	C45	B60Higher
Tradability15% weight	C49	B64Higher
Holdings10% weight	A87Higher	C52
Durability5% weight	B58	A70Higher

Rank among International Dividend Index funds

How we build Categories ›

Same Category. DWM and IGRO are both graded against the same 34 International Dividend Index funds, so their Grades compare head to head.

International Dividend Index⁠

Category · 34 funds

See all 34 ›

IGRO ranks 4th and DWM 12th of 34 funds in the International Dividend Index Category.

Rank 1AVYMIVanguard International High Dividend Yield ETFScore 84
Rank 2ADIVIFranklin International Core Dividend Tilt Index ETFScore 79
Rank 3ASCHYSchwab International Dividend Equity ETFScore 78
Rank 4AIGROiShares International Dividend Growth ETFScore 77
Rank 5AHDEFXtrackers MSCI EAFE High Dividend Yield Equity ETFScore 76
Rank 11BDWXState Street SPDR S&P International Dividend ETFScore 68
Rank 12BDWMWisdomTree International Equity FundScore 67
Rank 13BIQDFNorthern Trust International Quality Dividend ETFScore 64

Our read on each fund

ETF.net Research

DWMBWisdomTree International Equity Fund

IGROAiShares International Dividend Growth ETF

In short

DWM A 2006 original: a dividend screen thrown across developed markets outside the US and Canada, landing on roughly 1,300 names rather than a short high-yield shortlist.

IGRO Dividend growth, not dividend yield, taken overseas. IGRO tracks a Morningstar index of non-US companies with a habit of raising their payouts, spread across roughly 500 names, for a fee that undercuts most of the international dividend shelf.

Stated mandate

DWM The fund seeks to track an index of dividend-paying companies in developed markets outside the United States and Canada.

IGRO The fund seeks to track an index of international stocks with a history of growing dividends, providing dividend-focused international equity exposure for income and long-term growth.

Why people hold it

DWM Live since 2006, with the same job description the whole time: dividend-paying companies in developed markets outside the US and Canada.wisdomtree.com
Roughly 1,300 holdings is a wide net, closer to owning the developed-market dividend payers wholesale than to a concentrated yield list.
Hugs its stated benchmark, the WisdomTree International Equity Index, about as closely as anything in its peer group.wisdomtree.com
0.48% a year sits just under the median fee for international dividend funds, and it distributes on a quarterly schedule.

IGRO Costs 0.15% a year, well under the typical fee for an international dividend screen.
Does what the label says: it follows the Morningstar Global ex-US Dividend Growth Index closely, one of the tightest index-to-portfolio matches in its peer group.
Roughly 500 non-US payers, so no single dividend carries the fund. Cash goes out quarterly.

Worth knowing

DWM The fee is the sore spot in the neighborhood: VYMI charges 0.07% and SCHY 0.08%, so the broad net here comes at a real markup.
Thinly traded next to the category's giants, which puts more weight on limit orders and a glance at the spread before you deal.
No US or Canadian stocks by design, and no currency hedge in the mandate, so it behaves like one sleeve of a portfolio rather than the whole thing.wisdomtree.com

IGRO It trades thin next to heavyweights like VYMI, so limit orders and calmer mid-session trading matter more here.
The screen targets payout growth, not the fattest yields, so income tends to run lighter than yield-first international funds.
Cheaper neighbors exist: VIGI at 0.07% and SCHY at 0.08%, though each tracks a different index with a different holdings list.

Full DWM profile⁠

Full IGRO profile⁠

DWM vs IGRO Holdings

How DWM and IGRO differ

Overlap by weight

26.1%

Shared holdings make up 67.5% of IGRO and 28.0% of DWM.

Level by level

Holdings248 in both26.1%
Countryby domicile69.5%
Sector11 Sectors82.4%
Asset classStocks100%

Sector

Sector weights in DWM and IGRO, widest gap first
Sector	Gap	DWM	IGRO
Financials	IGRO +6.4 points	24.1%	30.5%
Industrials	DWM +4.4 points	17.9%	13.5%
Consumer Staples	IGRO +4.4 points	7.2%	11.6%
Consumer Discretionary	DWM +3.5 points	10.0%	6.5%
Utilities	IGRO +3.3 points	4.9%	8.2%
Energy	DWM +3.1 points	5.4%	2.3%
Health Care	IGRO +3.0 points	10.5%	13.5%
Communication	DWM +2.8 points	4.7%	1.9%
Materials	DWM +2.0 points	6.0%	4.0%
Real Estate	DWM +1.8 points	2.5%	0.7%
Technology	IGRO +0.5 points	6.8%	7.3%

Country, concentration and asset class

Country by domicile

Country weights in DWM and IGRO, widest gap first
Country	Gap	DWM	IGRO
Canada	IGRO +13.8 points	0.0%	13.8%
United Kingdom	DWM +4.7 points	13.1%	8.4%
Switzerland	IGRO +4.7 points	9.5%	14.2%
Germany	DWM +3.8 points	6.8%	3.0%
Spain	DWM +3.4 points	5.9%	2.5%
Taiwan	IGRO +3.2 points	0.0%	3.2%
Sweden	DWM +3.0 points	4.5%	1.5%
China	IGRO +2.9 points	0.4%	3.3%
Other countries (20)	DWM +9.7 points	59.7%	50.0%

Outside the US: DWM 98% developed, 2% emerging. IGRO 90% developed, 10% emerging.

Concentration

Weight in the 10 largest Holdings

DWM12.6%
IGRO27.4%

Securities held

DWM1,375
IGRO546

Asset class

DWM: Stocks
IGRO: Stocks

Holdings

Only in DWM1,127
In both248
Only in IGRO298

Only in DWM

1,127 securities, 71.0% of DWM by weight

Shell Plc-New1.41%
HSBC Holdings PLC1.32%
BHP Group Ltd1.28%
Allianz SE1.22%
Industria de Diseno Textil1.14%
Intesa Sanpaolo SpA1.14%
TotalEnergies0.97%
Zurich Insurance Group Ag0.93%
Banco Bilbao Vizcaya Argentaria SA0.90%
LVMH Moet Hennessy Louis Vuitton SE0.85%
DBS Group Holdings Ltd0.81%
UniCredit SpA0.76%
BNP Paribas0.71%
Astrazeneca PLC0.70%
ASML Holding NV0.65%
CaixaBank0.63%
Banco Santander Sa0.60%
Siemens Ag-Reg0.56%
Deutsche Telekom AG0.54%
Nordea Bank Abp0.54%
Bp PLC0.53%
Unilever Plc0.53%
Natwest Group Plc0.49%
Rio Tinto Plc0.48%
Japan Tobacco Inc0.48%
Banca Monte Dei Paschi Siena0.41%
Engie0.41%
GSK Plc0.40%
Anheuser-Busch InBev NV0.39%
ABB Ltd-Reg0.38%
ING Groep NV0.38%
Oversea-Chinese Banking Corp Ltd0.38%
National Grid PLC0.38%
Assicurazioni Generali SpA0.37%
Airbus SE0.36%
Equinor ASA0.36%
Deutsche Post Ag-Reg0.36%
Endesa SA0.34%
Hermes International0.32%
EssilorLuxottica0.32%
Muenchener Rueckver Ag-Reg0.31%
BOC Hong Kong Holdings Ltd0.30%
Australia & New Zealand Banking Group Ltd0.29%
Tokyo Electron Ltd0.28%
Fast Retailing Co Ltd0.28%
CIE Financiere Richemont0.27%
DNB Bank ASA0.27%
Softbank Corp0.27%
Rolls-Royce Holdings PLC0.26%
Wesfarmers Ltd0.26%

Only in IGRO

298 securities, 31.8% of IGRO by weight

Royal Bank of Canada2.76%
Taiwan Semiconductor Manufacturing2.53%
Toronto Dominion2.27%
National Australia Bank1.58%
Canadian Imperial Bank of Commerce1.18%
Infosys0.97%
Manulife Financial0.97%
Compagnie Financiere Richemont SA0.79%
Firstrand Ltd0.75%
Canadian National Railway0.64%
Sun Life Financial Inc0.59%
Netease0.50%
Fortis0.45%
Power Corporation of Canada0.40%
Bank Central Asia0.40%
Kweichow Moutai A0.35%
Agnico Eagle Mines0.35%
China Merchants Bank H0.35%
Cimb Group Holdings0.32%
Intact Financial Corp0.32%
Brookfield Asset Management Voting0.29%
Essity Class B0.26%
Asr Nederland0.25%
Sumitomo Mitsui Trust Group0.24%
Tourmaline Oil Corp0.23%
Daiwa House Industry0.22%
Capitec Shs0.22%
China Merchants Bank A0.21%
Reliance Industries Ltd0.21%
Agricultural Bank of China A0.21%
Sekisui House0.20%
Great West Lifeco Inc0.20%
Magna International0.20%
Alimentation Couche Tard Inc0.20%
Anta Sports Products Ltd0.19%
Industrial and Commercial Bank of0.19%
Wistron0.19%
Weg0.18%
Waste Connections0.18%
Haier Smart Home Class H Ltd H0.17%
Samsung Fire & Marine Insurance Lt0.17%
Asahi Group Holdings0.17%
Mahindra and Mahindra Ltd0.16%
Midea Group A0.15%
Hydro One0.14%
Imperial Oil Ltd0.14%
Shionogi0.13%
Franco Nevada0.13%
Wheaton Precious Metals0.13%
Localiza Rent A Car0.13%

Weight gaps

The 100 widest of 248 Holdings in both funds.

Holding weights in DWM and IGRO, widest gap first
Holding	Gap	DWM	IGRO
British American Tobacco PlcBATS.L	IGRO +2.42 points	0.88%	3.30%
Nestle SA	IGRO +2.05 points	1.19%	3.24%
Novartis AG	IGRO +1.91 points	1.23%	3.14%
Sanofi SA	IGRO +1.82 points	0.66%	2.48%
Roche Holding Ag	IGRO +1.60 points	1.54%	3.14%
Iberdrola SA	IGRO +1.46 points	0.86%	2.32%
Novo Nordisk A/S-B	IGRO +1.44 points	0.74%	2.18%
Westpac Banking Corp	IGRO +1.36 points	0.31%	1.67%
Enel SpA	IGRO +1.29 points	0.67%	1.96%
Toyota Motor Corp	IGRO +1.16 points	1.09%	2.25%
Axa Sa	IGRO +1.01 points	0.86%	1.87%
UBS Group AG	IGRO +0.89 points	0.33%	1.22%
Sap AG	IGRO +0.88 points	0.47%	1.35%
Vinci SA	IGRO +0.87 points	0.31%	1.18%
AIA Group Ltd	IGRO +0.85 points	0.29%	1.14%
Mitsubishi UFJ Financial Group	IGRO +0.84 points	0.98%	1.82%
Air Liquide SA	IGRO +0.83 points	0.32%	1.15%
Tokio Marine Holdings Inc	IGRO +0.69 points	0.27%	0.96%
ENI SpA	IGRO +0.67 points	0.33%	1.00%
Sumitomo Mitsui Financial Group	IGRO +0.62 points	0.49%	1.11%
Aviva PlcAV.L	IGRO +0.61 points	0.10%	0.71%
Relx PLCREL.L	IGRO +0.59 points	0.24%	0.83%
Mitsubishi Corp	IGRO +0.58 points	0.29%	0.87%
CSL Ltd/Australia	IGRO +0.52 points	0.20%	0.72%
NN Group NV	IGRO +0.50 points	0.02%	0.52%
Swiss Life Holding Ag-Reg	IGRO +0.49 points	0.08%	0.57%
E.On Se	IGRO +0.48 points	0.19%	0.67%
Schneider Electric SA	IGRO +0.43 points	0.43%	0.86%
L'Oreal SA	IGRO +0.40 points	0.60%	1.00%
BAE Systems PLCBA.L	IGRO +0.39 points	0.20%	0.59%
Mitsui & Co Ltd	IGRO +0.37 points	0.20%	0.57%
Mizuho Financial Group Inc	IGRO +0.37 points	0.26%	0.63%
Itochu Corp	IGRO +0.36 points	0.27%	0.63%
Veolia Environment	IGRO +0.36 points	0.13%	0.49%
Deutsche Boerse AG	IGRO +0.35 points	0.08%	0.43%
London Stock Exchange Group PLCLSEG.L	IGRO +0.35 points	0.09%	0.44%
Michelin (Cgde)	IGRO +0.33 points	0.10%	0.43%
Publicis Groupe	IGRO +0.31 points	0.12%	0.43%
Koninklijke KPN NV	IGRO +0.28 points	0.10%	0.38%
Givaudan SA	IGRO +0.27 points	0.12%	0.39%
Wolters Kluwer	IGRO +0.27 points	0.10%	0.37%
Seven & I Holdings Co Ltd	IGRO +0.23 points	0.03%	0.26%
Assa Abloy AB	IGRO +0.24 points	0.09%	0.33%
Marubeni Corp	IGRO +0.23 points	0.12%	0.35%
Sompo Holdings Inc	IGRO +0.22 points	0.07%	0.29%
Sika Ag-Reg	IGRO +0.21 points	0.09%	0.30%
Brambles Industries Ltd	IGRO +0.21 points	0.09%	0.30%
Snam SpA	IGRO +0.21 points	0.13%	0.34%
Terna SPA	IGRO +0.20 points	0.08%	0.28%
Coles Group Ltd	IGRO +0.19 points	0.09%	0.28%
Hitachi Ltd	IGRO +0.19 points	0.22%	0.41%
Komatsu Ltd	IGRO +0.19 points	0.09%	0.28%
Aegon Ltd	IGRO +0.18 points	0.03%	0.21%
Astellas Pharma Inc	IGRO +0.18 points	0.14%	0.32%
United Utilities Group PLCUU.L	IGRO +0.18 points	0.09%	0.27%
Bridgestone Corp	IGRO +0.16 points	0.12%	0.28%
Sony Group Corp	IGRO +0.17 points	0.18%	0.35%
MS&AD Insurance Group Holdings Inc	IGRO +0.16 points	0.16%	0.32%
Geberit AG	IGRO +0.16 points	0.07%	0.23%
Daiichi Sankyo Co Ltd	IGRO +0.16 points	0.14%	0.30%
Legrand SA	IGRO +0.16 points	0.11%	0.27%
Heidelberg Materials AG	IGRO +0.15 points	0.08%	0.23%
Daikin Industries Ltd	IGRO +0.15 points	0.07%	0.22%
Bunzl PLCBNZL.L	IGRO +0.15 points	<0.01%	0.15%
Fuji Film Holdings Corp	IGRO +0.14 points	0.04%	0.18%
Pro Medicus Ltd	DWM +0.14 points	0.15%	0.01%
Northern Star Resources Ltd	IGRO +0.13 points	0.12%	0.25%
Severn Trent PLCSVT.L	IGRO +0.13 points	0.09%	0.22%
Roche Holding AG	DWM +0.12 points	0.25%	0.13%
Kao Corp	IGRO +0.12 points	0.05%	0.17%
Kajima Corp	IGRO +0.11 points	0.02%	0.13%
Computershare Ltd	IGRO +0.10 points	0.11%	0.21%
T&D Holdings Inc	IGRO +0.10 points	0.03%	0.13%
Kubota Corp	IGRO +0.10 points	0.01%	0.11%
Euronext NV	IGRO +0.09 points	0.05%	0.14%
Inpex Corp	IGRO +0.09 points	0.09%	0.18%
Fujitsu Ltd	IGRO +0.09 points	0.07%	0.16%
Italgas SpA	IGRO +0.09 points	0.06%	0.15%
Poste Italiane SpA	IGRO +0.08 points	0.18%	0.26%
Zensho Holdings Co Ltd	DWM +0.08 points	0.10%	0.02%
Croda International PlcCRDA.L	IGRO +0.08 points	0.02%	0.10%
Kerry Group Plc A	IGRO +0.08 points	0.03%	0.11%
Toyota Tsusho Corp	IGRO +0.08 points	0.07%	0.15%
Nemetschek Se	DWM +0.07 points	0.09%	0.02%
Omv AG	IGRO +0.08 points	0.15%	0.23%
Gjensidige Forsikring ASA	IGRO +0.07 points	0.02%	0.09%
Hera SpA	IGRO +0.07 points	<0.01%	0.07%
Bachem Holding Ag	DWM +0.06 points	0.08%	0.02%
Osaka Gas Co Ltd	IGRO +0.06 points	0.03%	0.09%
Rubis	IGRO +0.07 points	0.01%	0.08%
Pearson PLCPSON.L	IGRO +0.06 points	0.04%	0.10%
Baycurrent Consulting Inc	DWM +0.06 points	0.12%	0.06%
Sumitomo Realty & Development	IGRO +0.06 points	0.03%	0.09%
Terumo Corp	IGRO +0.06 points	0.04%	0.10%
TDK Corp	IGRO +0.05 points	0.05%	0.10%
Capcom Co Ltd	DWM +0.05 points	0.08%	0.03%
Atlas Copco Ab-A Shs	IGRO +0.05 points	0.25%	0.30%
Logitech International-Reg	IGRO +0.05 points	0.03%	0.08%
Murata Manufacturing Co Ltd	IGRO +0.05 points	0.11%	0.16%
Thales SA	IGRO +0.05 points	0.13%	0.18%

All 1,339 DWM holdings⁠All 547 IGRO holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DWM vs IGRO Cost

Overpaying DWM vs IGRO

$6,468

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DWM 0.48%
$9,605
IGRO 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

DWM 0.48%
IGRO 0.15%
Overpaying

Year by year

Year	DWM	IGRO	Overpaying
10	$865	$274	$591
20	$3,328	$1,071	$2,257
30	$9,605	$3,137	$6,468

Expense ratio

0.48%DWM
0.15%IGRO, cheaper

IGRO0.15%DWM0.48%

0.07%0.60%

Middle half of International Dividend Index funds
Median 0.49%

IGRO 6th cheapest of 34 funds

DWM 15th cheapest of 34 funds

DWM vs IGRO Dividends

Last 12 months to Nov 9, 2026

Yield (12M): DWM 2.69%, better; IGRO 2.57%
Payout (12M): DWM $2.00; IGRO $2.41
Last payment: DWM $0.29; IGRO $0.43
Ex-dividend: DWM Sep 25, 2026; IGRO Sep 15, 2026
Paid on: DWM Sep 29, 2026; IGRO Sep 18, 2026
Frequency: DWM Quarterly; IGRO Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DWMQuarterly · 40 paymentsAll DWM payments⁠

IGROQuarterly · 40 paymentsAll IGRO payments⁠

DWM vs IGRO Risk

Fall from peak · 5 years

DWM
IGRO

Risk facts

VolatilityStd dev, 3 years: DWM 11.0%, betterIGRO 11.1%
Return per unit of riskSharpe ratio, 3 years: DWM 1.30IGRO 1.32, better
Worst fallMax drawdown, 5 years: DWM −25.7%, betterIGRO −26.0%
Market sensitivityBeta, 5 years: DWM 0.82IGRO 0.74; Market = 1

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