DEM.L vs. IPOL.L
DEM.L (WisdomTree Emerging Markets Equity Income UCITS ETF) and IPOL.L (iShares MSCI Poland UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - DEM.L tracks the MSCI EM NR USD while IPOL.L tracks the MSCI Emerging - Poland in Net USD. Both are passively managed. Over the past 10 years, DEM.L returned 7.79%/yr vs 9.34%/yr for IPOL.L. A 0.51 correlation means they provide meaningful diversification when combined. DEM.L charges 0.46%/yr vs 0.74%/yr for IPOL.L.
Performance
DEM.L vs. IPOL.L - Performance Comparison
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Different Trading Currencies
DEM.L is traded in GBp, while IPOL.L is traded in USD. To make them comparable, the IPOL.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with DEM.L having a 14.51% return and IPOL.L slightly higher at 14.97%. Over the past 10 years, DEM.L has underperformed IPOL.L with an annualized return of 7.79%, while IPOL.L has yielded a comparatively higher 9.34% annualized return.
DEM.L
- 1D
- -0.48%
- 1M
- -5.81%
- 6M
- 11.38%
- YTD
- 14.51%
- 1Y
- 19.59%
- 3Y*
- 14.76%
- 5Y*
- 10.26%
- 10Y*
- 7.79%
IPOL.L
- 1D
- -1.01%
- 1M
- -4.14%
- 6M
- 12.04%
- YTD
- 14.97%
- 1Y
- 30.48%
- 3Y*
- 26.74%
- 5Y*
- 15.31%
- 10Y*
- 9.34%
DEM.L vs. IPOL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEM.L WisdomTree Emerging Markets Equity Income UCITS ETF | 14.51% | 12.71% | 6.85% | 14.78% | -2.59% | 15.16% | -9.47% | 11.19% | -6.09% | 13.87% |
IPOL.L iShares MSCI Poland UCITS ETF USD (Acc) | 14.97% | 60.44% | -4.46% | 41.75% | -17.88% | 7.85% | -13.81% | -10.35% | -7.43% | 40.84% |
Correlation
The correlation between DEM.L and IPOL.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2014 | 0.51 |
The correlation between DEM.L and IPOL.L has been stable across timeframes, ranging from 0.41 to 0.51 - a consistent structural relationship.
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Return for Risk
DEM.L vs. IPOL.L — Risk / Return Rank
DEM.L
IPOL.L
DEM.L vs. IPOL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.L) and iShares MSCI Poland UCITS ETF USD (Acc) (IPOL.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.
| DEM.L | IPOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 3.16 | -0.26 |
| Martin ratioReturn relative to average drawdown | 8.71 | 7.17 | +1.55 |
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Drawdowns
DEM.L vs. IPOL.L - Drawdown Comparison
The maximum DEM.L drawdown since its inception was -55.11%, roughly equal to the maximum IPOL.L drawdown of -56.74%. Use the drawdown chart below to compare losses from any high point for DEM.L and IPOL.L.
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Drawdown Indicators
| DEM.L | IPOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.11% | -56.74% | +1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -9.60% | +2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -12.37% | -19.63% | +7.26% |
Max Drawdown (5Y)Largest decline over 5 years | -14.48% | -46.45% | +31.97% |
Max Drawdown (10Y)Largest decline over 10 years | -30.09% | -56.74% | +26.65% |
Current DrawdownCurrent decline from peak | -6.72% | -4.14% | -2.58% |
Average DrawdownAverage peak-to-trough decline | -17.55% | -21.55% | +4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 4.24% | -2.00% |
Volatility
DEM.L vs. IPOL.L - Volatility Comparison
WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.L) has a higher volatility of 5.37% compared to iShares MSCI Poland UCITS ETF USD (Acc) (IPOL.L) at 5.06%. This indicates that DEM.L's price experiences larger fluctuations and is considered to be riskier than IPOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEM.L | IPOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 5.06% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.26% | 18.08% | -6.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.66% | 23.64% | -9.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.32% | 27.89% | -14.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.89% | 25.84% | -9.95% |
DEM.L vs. IPOL.L - Expense Ratio Comparison
DEM.L has a 0.46% expense ratio, which is lower than IPOL.L's 0.74% expense ratio.
Dividends
DEM.L vs. IPOL.L - Dividend Comparison
DEM.L's dividend yield for the trailing twelve months is around 3.76%, while IPOL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEM.L WisdomTree Emerging Markets Equity Income UCITS ETF | 3.76% | 4.47% | 7.67% | 7.00% | 7.05% | 4.14% | 4.77% | 1.46% | 0.00% | 2.15% | 1.49% | 4.55% |
IPOL.L iShares MSCI Poland 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% |
Frequently Asked Questions
DEM.L and IPOL.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEM.L is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEM.L is cheaper with a 0.46% expense ratio, compared with 0.74% for IPOL.L.
DEM.L tracks MSCI EM NR USD, while IPOL.L tracks MSCI Emerging - Poland in Net USD. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.46% for DEM.L and 0.74% for IPOL.L.
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