DEM.L vs. VEURX

Last updated Jun 14, 2026

DEM.L (WisdomTree Emerging Markets Equity Income UCITS ETF) and VEURX (Vanguard European Stock Index Fund) are both funds - DEM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while VEURX is a Europe Equities fund managed by Vanguard. Over the past 10 years, DEM.L returned 11.10%/yr vs 10.44%/yr for VEURX. A 0.55 correlation means they provide meaningful diversification when combined. DEM.L charges 0.46%/yr vs 0.25%/yr for VEURX.

Performance

DEM.L vs. VEURX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.L) and Vanguard European Stock Index Fund (VEURX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DEM.L is traded in GBp, while VEURX is traded in USD. To make them comparable, the VEURX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, DEM.L achieves a 19.52% return, which is significantly higher than VEURX's 7.63% return. Over the past 10 years, DEM.L has outperformed VEURX with an annualized return of 11.10%, while VEURX has yielded a comparatively lower 10.44% annualized return.

DEM.L

• 1D: 1.92%
• 1M: 5.07%
• YTD: 19.52%
• 6M: 20.30%
• 1Y: 29.45%
• 3Y*: 15.43%
• 5Y*: 11.06%
• 10Y*: 11.10%

VEURX

• 1D: 2.54%
• 1M: 3.09%
• YTD: 7.63%
• 6M: 8.97%
• 1Y: 20.40%
• 3Y*: 13.93%
• 5Y*: 9.36%
• 10Y*: 10.44%

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

DEM.L vs. VEURX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DEM.L WisdomTree Emerging Markets Equity Income UCITS ETF	19.52%	12.71%	6.85%	14.78%	-2.59%	15.16%	-9.47%	14.76%	-2.21%	15.11%
VEURX Vanguard European Stock Index Fund	7.63%	25.57%	3.66%	13.84%	-6.19%	17.24%	3.17%	19.31%	-9.84%	15.85%

Correlation

The correlation between DEM.L and VEURX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Nov 14, 2014	0.55

The correlation between DEM.L and VEURX shifts across timeframes, from 0.42 (5 years) to 0.55 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DEM.L vs. VEURX — Risk / Return Rank

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

DEM.L

DEM.L Risk / Return Rank: 79
DEM.L Sharpe Ratio Rank: 76
DEM.L Sortino Ratio Rank: 77
DEM.L Omega Ratio Rank: 73
DEM.L Calmar Ratio Rank: 87
DEM.L Martin Ratio Rank: 83

VEURX

VEURX Risk / Return Rank: 27
VEURX Sharpe Ratio Rank: 26
VEURX Sortino Ratio Rank: 27
VEURX Omega Ratio Rank: 25
VEURX Calmar Ratio Rank: 26
VEURX Martin Ratio Rank: 29

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.

DEM.L vs. VEURX - 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 Vanguard European Stock Index Fund (VEURX). 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	VEURX	Difference
Sharpe ratio: Return per unit of total volatility	2.14	1.51	+0.63
Sortino ratio: Return per unit of downside risk	2.98	2.18	+0.80
Omega ratio: Gain probability vs. loss probability	1.38	1.28	+0.10
Calmar ratio: Return relative to maximum drawdown	4.36	1.78	+2.59
Martin ratio: Return relative to average drawdown	14.77	6.82	+7.94

DEM.L vs. VEURX - Sharpe Ratio Comparison

The current DEM.L Sharpe Ratio is 2.14, which is higher than the VEURX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of DEM.L and VEURX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DEM.L vs. VEURX - Drawdown Comparison

The maximum DEM.L drawdown since its inception was -55.11%, which is greater than VEURX's maximum drawdown of -45.08%. Use the drawdown chart below to compare losses from any high point for DEM.L and VEURX.

Drawdown Indicators

	DEM.L	VEURX	Difference
Max Drawdown Largest peak-to-trough decline	-55.11%	-45.08%	-10.03%
Max Drawdown (1Y) Largest decline over 1 year	-6.56%	-10.96%	+4.40%
Max Drawdown (3Y) Largest decline over 3 years	-12.37%	-12.67%	+0.30%
Max Drawdown (5Y) Largest decline over 5 years	-14.48%	-17.53%	+3.05%
Max Drawdown (10Y) Largest decline over 10 years	-30.09%	-30.74%	+0.65%
Current Drawdown Current decline from peak	-0.50%	-0.45%	-0.05%
Average Drawdown Average peak-to-trough decline	-14.89%	-7.03%	-7.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	2.84%	-0.90%

Volatility

DEM.L vs. VEURX - Volatility Comparison

WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.L) has a higher volatility of 4.88% compared to Vanguard European Stock Index Fund (VEURX) at 4.61%. This indicates that DEM.L's price experiences larger fluctuations and is considered to be riskier than VEURX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEM.L	VEURX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	4.61%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	10.13%	10.89%	-0.76%
Volatility (1Y) Calculated over the trailing 1-year period	13.38%	12.90%	+0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.09%	13.79%	-0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.79%	15.74%	+0.05%

DEM.L vs. VEURX - Expense Ratio Comparison

DEM.L has a 0.46% expense ratio, which is higher than VEURX's 0.25% expense ratio.

Dividends

DEM.L vs. VEURX - Dividend Comparison

DEM.L's dividend yield for the trailing twelve months is around 3.72%, more than VEURX's 2.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEM.L WisdomTree Emerging Markets Equity Income UCITS ETF	3.72%	4.47%	7.67%	7.00%	7.05%	4.14%	4.77%	4.33%	4.19%	3.15%	1.49%	4.55%
VEURX Vanguard European Stock Index Fund	2.62%	2.70%	3.44%	3.00%	3.07%	2.90%	1.97%	3.14%	3.77%	2.55%	3.35%	3.09%

Frequently Asked Questions

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

DEM.L and VEURX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.