AEMU.L vs. DEM.L

Last updated Jun 5, 2026

AEMU.L (Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D)) and DEM.L (WisdomTree Emerging Markets Equity Income UCITS ETF) are both Emerging Markets Equities funds tracking the MSCI EM NR USD, from Amundi and WisdomTree respectively. Both are passively managed. Over the past 5 years, AEMU.L returned 7.22%/yr vs 11.58%/yr for DEM.L. At a 0.46 correlation, their price movements are largely independent. AEMU.L charges 0.20%/yr vs 0.46%/yr for DEM.L.

Performance

AEMU.L vs. DEM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D) (AEMU.L) and WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AEMU.L 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, AEMU.L achieves a 26.47% return, which is significantly higher than DEM.L's 19.12% return.

AEMU.L

• 1D: -1.61%
• 1M: 5.85%
• YTD: 26.47%
• 6M: 29.24%
• 1Y: 53.33%
• 3Y*: 24.08%
• 5Y*: 7.22%
• 10Y*: —

DEM.L

• 1D: 0.36%
• 1M: 5.39%
• YTD: 19.12%
• 6M: 19.98%
• 1Y: 30.35%
• 3Y*: 22.01%
• 5Y*: 11.58%
• 10Y*: 11.60%

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

AEMU.L vs. DEM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AEMU.L Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D)	26.47%	34.26%	7.15%	7.17%	-15.46%	-15.10%
DEM.L WisdomTree Emerging Markets Equity Income UCITS ETF	19.12%	21.21%	9.84%	24.26%	-13.01%	9.42%

Correlation

The correlation between AEMU.L and DEM.L is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Feb 19, 2021	0.46

The correlation between AEMU.L and DEM.L shifts across timeframes, from 0.46 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.

AEMU.L vs. DEM.L - Sectors Allocation Comparison

Sectors	AEMU.L	DEM.L
Technology	42.0%	16.7%
Financial Services	18.0%	25.5%
Consumer Cyclical	8.3%	8.7%
Industrials	6.3%	11.7%
Basic Materials	6.0%	6.5%
Communication Services	5.9%	5.5%
Energy	3.4%	4.8%
Consumer Defensive	2.7%	8.9%
Healthcare	2.6%	2.0%
Utilities	2.0%	4.8%
Real Estate	1.0%	5.0%

Return for Risk

AEMU.L vs. DEM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AEMU.L

AEMU.L Risk / Return Rank: 86
AEMU.L Sharpe Ratio Rank: 89
AEMU.L Sortino Ratio Rank: 89
AEMU.L Omega Ratio Rank: 87
AEMU.L Calmar Ratio Rank: 85
AEMU.L Martin Ratio Rank: 82

DEM.L

DEM.L Risk / Return Rank: 78
DEM.L Sharpe Ratio Rank: 75
DEM.L Sortino Ratio Rank: 75
DEM.L Omega Ratio Rank: 72
DEM.L Calmar Ratio Rank: 86
DEM.L Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AEMU.L vs. DEM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D) (AEMU.L) 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.

	AEMU.L	DEM.L	Difference
Sharpe ratio: Return per unit of total volatility	2.95	2.11	+0.85
Sortino ratio: Return per unit of downside risk	3.98	2.95	+1.04
Omega ratio: Gain probability vs. loss probability	1.53	1.38	+0.15
Calmar ratio: Return relative to maximum drawdown	4.62	3.91	+0.71
Martin ratio: Return relative to average drawdown	16.22	12.66	+3.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AEMU.L vs. DEM.L - Sharpe Ratio Comparison

The current AEMU.L Sharpe Ratio is 2.95, which is higher than the DEM.L Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of AEMU.L and DEM.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AEMU.L	DEM.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.95	2.11	+0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.75	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.47	+0.01

Drawdowns

AEMU.L vs. DEM.L - Drawdown Comparison

The maximum AEMU.L drawdown since its inception was -38.23%, smaller than the maximum DEM.L drawdown of -40.44%. Use the drawdown chart below to compare losses from any high point for AEMU.L and DEM.L.

Drawdown Indicators

	AEMU.L	DEM.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.23%	-40.44%	+2.21%
Max Drawdown (1Y) Largest decline over 1 year	-13.52%	-7.73%	-5.79%
Max Drawdown (3Y) Largest decline over 3 years	-17.04%	-14.39%	-2.65%
Max Drawdown (5Y) Largest decline over 5 years	-37.44%	-27.85%	-9.59%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.29%	—
Current Drawdown Current decline from peak	-2.69%	-0.90%	-1.79%
Average Drawdown Average peak-to-trough decline	-15.60%	-9.57%	-6.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.90%	2.39%	+1.51%

Volatility

AEMU.L vs. DEM.L - Volatility Comparison

Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D) (AEMU.L) has a higher volatility of 8.62% compared to WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.L) at 5.22%. This indicates that AEMU.L's price experiences larger fluctuations and is considered to be riskier than DEM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEMU.L	DEM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.62%	5.22%	+3.40%
Volatility (6M) Calculated over the trailing 6-month period	16.87%	11.04%	+5.83%
Volatility (1Y) Calculated over the trailing 1-year period	21.17%	14.36%	+6.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.51%	15.48%	+8.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.74%	17.75%	+5.99%

AEMU.L vs. DEM.L - Expense Ratio Comparison

AEMU.L has a 0.20% expense ratio, which is lower than DEM.L's 0.46% expense ratio.

Dividends

AEMU.L vs. DEM.L - Dividend Comparison

AEMU.L's dividend yield for the trailing twelve months is around 1.53%, less than DEM.L's 3.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEMU.L Amundi Index MSCI Emerging Markets UCITS ETF DR - USD (D)	1.53%	1.94%	2.50%	2.42%	2.87%	1.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DEM.L WisdomTree Emerging Markets Equity Income UCITS ETF	3.72%	4.47%	11.82%	9.48%	7.05%	4.14%	9.14%	6.10%	4.19%	3.16%	1.48%	4.55%

Frequently Asked Questions

Can I hold both AEMU.L and DEM.L in my portfolio?

AEMU.L and DEM.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AEMU.L or DEM.L?

On fees, AEMU.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AEMU.L or DEM.L?

AEMU.L is cheaper with a 0.20% expense ratio, compared with 0.46% for DEM.L.

What is the main difference between AEMU.L and DEM.L?

Both ETFs track MSCI EM NR USD. They also come from different issuers: Amundi and WisdomTree. Their fees differ too: 0.20% for AEMU.L and 0.46% for DEM.L.