AVEM.L vs. DEM.L

Last updated Jun 8, 2026

AVEM.L (Avantis Emerging Markets Equity UCITS ETF USD Acc) and DEM.L (WisdomTree Emerging Markets Equity Income UCITS ETF) are both Emerging Markets Equities funds. AVEM.L is actively managed, while DEM.L is passively managed. Over the past year, AVEM.L returned 37.78% vs 26.02% for DEM.L. A 0.71 correlation means they provide meaningful diversification when combined. AVEM.L charges 0.35%/yr vs 0.46%/yr for DEM.L.

Performance

AVEM.L vs. DEM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEM.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

AVEM.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

The year-to-date returns for both stocks are quite close, with AVEM.L having a 16.34% return and DEM.L slightly lower at 15.75%.

AVEM.L

• 1D: -1.11%
• 1M: -2.81%
• YTD: 16.34%
• 6M: 18.51%
• 1Y: 37.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DEM.L

• 1D: -2.83%
• 1M: -0.30%
• YTD: 15.75%
• 6M: 16.16%
• 1Y: 26.02%
• 3Y*: 17.78%
• 5Y*: 9.35%
• 10Y*: 9.71%

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

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

	2026 (YTD)	2025
AVEM.L Avantis Emerging Markets Equity UCITS ETF USD Acc	16.34%	26.19%
DEM.L WisdomTree Emerging Markets Equity Income UCITS ETF	15.75%	14.27%

Correlation

The correlation between AVEM.L and DEM.L is 0.70, 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	0.70
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025	0.71

The correlation between AVEM.L and DEM.L has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.

Return for Risk

AVEM.L vs. DEM.L — Risk / Return Rank

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

AVEM.L

AVEM.L Risk / Return Rank: 66
AVEM.L Sharpe Ratio Rank: 67
AVEM.L Sortino Ratio Rank: 67
AVEM.L Omega Ratio Rank: 67
AVEM.L Calmar Ratio Rank: 64
AVEM.L Martin Ratio Rank: 66

DEM.L

DEM.L Risk / Return Rank: 76
DEM.L Sharpe Ratio Rank: 72
DEM.L Sortino Ratio Rank: 72
DEM.L Omega Ratio Rank: 69
DEM.L Calmar Ratio Rank: 85
DEM.L Martin Ratio Rank: 81

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.

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

This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEM.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.

	AVEM.L	DEM.L	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.78	+0.23
Sortino ratio: Return per unit of downside risk	2.77	2.49	+0.28
Omega ratio: Gain probability vs. loss probability	1.36	1.32	+0.04
Calmar ratio: Return relative to maximum drawdown	2.89	3.37	-0.47
Martin ratio: Return relative to average drawdown	11.01	10.85	+0.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current AVEM.L Sharpe Ratio is 2.01, which is comparable to the DEM.L Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of AVEM.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

	AVEM.L	DEM.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	1.78	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.91	0.12	+1.79

Drawdowns

AVEM.L vs. DEM.L - Drawdown Comparison

The maximum AVEM.L drawdown since its inception was -13.87%, smaller than the maximum DEM.L drawdown of -59.39%. Use the drawdown chart below to compare losses from any high point for AVEM.L and DEM.L.

Drawdown Indicators

	AVEM.L	DEM.L	Difference
Max Drawdown Largest peak-to-trough decline	-13.87%	-59.39%	+45.52%
Max Drawdown (1Y) Largest decline over 1 year	-13.05%	-7.73%	-5.32%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.29%	—
Current Drawdown Current decline from peak	-7.02%	-3.71%	-3.31%
Average Drawdown Average peak-to-trough decline	-2.11%	-25.09%	+22.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	2.40%	+1.03%

Volatility

AVEM.L vs. DEM.L - Volatility Comparison

Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEM.L) has a higher volatility of 7.97% compared to WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.L) at 5.68%. This indicates that AVEM.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

	AVEM.L	DEM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.97%	5.68%	+2.29%
Volatility (6M) Calculated over the trailing 6-month period	15.98%	11.44%	+4.54%
Volatility (1Y) Calculated over the trailing 1-year period	18.86%	14.65%	+4.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.86%	15.28%	+4.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.86%	17.00%	+2.86%

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

AVEM.L has a 0.35% expense ratio, which is lower than DEM.L's 0.46% expense ratio.

Dividends

AVEM.L vs. DEM.L - Dividend Comparison

AVEM.L has not paid dividends to shareholders, while DEM.L's dividend yield for the trailing twelve months is around 3.80%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVEM.L Avantis Emerging Markets Equity UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DEM.L WisdomTree Emerging Markets Equity Income UCITS ETF	3.80%	4.47%	7.67%	7.00%	7.05%	4.14%	4.77%	4.33%	4.19%	3.15%	1.49%	4.55%

Frequently Asked Questions

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

AVEM.L and DEM.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, AVEM.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

AVEM.L is cheaper with a 0.35% expense ratio, compared with 0.46% for DEM.L.

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

They also come from different issuers: Avantis and WisdomTree. Their fees differ too: 0.35% for AVEM.L and 0.46% for DEM.L.