^GSPC vs. DEM.L
^GSPC (S&P 500 Index) is an index, while DEM.L (WisdomTree Emerging Markets Equity Income UCITS ETF) is Emerging Markets Equities fund tracking the MSCI EM NR USD. Over the past 10 years, ^GSPC returned 13.61%/yr vs 10.53%/yr for DEM.L. At a 0.48 correlation, their price movements are largely independent.
Performance
^GSPC vs. DEM.L - Performance Comparison
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Different Trading Currencies
^GSPC is traded in USD, while DEM.L is traded in GBp. To make them comparable, the DEM.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ^GSPC achieves a 8.56% return, which is significantly lower than DEM.L's 18.98% return. Over the past 10 years, ^GSPC has outperformed DEM.L with an annualized return of 13.61%, while DEM.L has yielded a comparatively lower 10.53% annualized return.
^GSPC
- 1D
- 0.50%
- 1M
- 0.31%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 24.33%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
DEM.L
- 1D
- 1.76%
- 1M
- 5.67%
- YTD
- 18.98%
- 6M
- 20.57%
- 1Y
- 27.87%
- 3Y*
- 17.77%
- 5Y*
- 9.90%
- 10Y*
- 10.53%
^GSPC vs. DEM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^GSPC S&P 500 Index | 8.56% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
DEM.L WisdomTree Emerging Markets Equity Income UCITS ETF | 18.98% | 21.21% | 5.07% | 20.84% | -13.01% | 14.12% | -6.70% | 19.36% | -7.75% | 26.07% |
Correlation
The correlation between ^GSPC and DEM.L is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2014 | 0.48 |
The correlation between ^GSPC and DEM.L has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
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Return for Risk
^GSPC vs. DEM.L — Risk / Return Rank
^GSPC
DEM.L
^GSPC vs. DEM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Index (^GSPC) and WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.L). 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.
| ^GSPC | DEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 3.44 | -0.90 |
| Martin ratioReturn relative to average drawdown | 11.37 | 10.88 | +0.49 |
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Drawdowns
^GSPC vs. DEM.L - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, roughly equal to the maximum DEM.L drawdown of -59.39%. Use the drawdown chart below to compare losses from any high point for ^GSPC and DEM.L.
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Drawdown Indicators
| ^GSPC | DEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.78% | -59.39% | +2.61% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -7.73% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -14.39% | -4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | -27.85% | +2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -33.92% | -38.29% | +4.37% |
Current DrawdownCurrent decline from peak | -2.34% | -1.02% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -10.72% | -25.04% | +14.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.44% | -0.42% |
Volatility
^GSPC vs. DEM.L - Volatility Comparison
The current volatility for S&P 500 Index (^GSPC) is 4.43%, while WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.L) has a volatility of 5.73%. This indicates that ^GSPC experiences smaller price fluctuations and is considered to be less risky than DEM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^GSPC | DEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 5.73% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 11.56% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 14.71% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.97% | 15.31% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 16.99% | +1.10% |
Frequently Asked Questions
^GSPC and DEM.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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