DEM vs. MFEM
Compare and contrast key facts about WisdomTree Emerging Markets Equity Income Fund (DEM) and PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM).
DEM and MFEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DEM is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Emerging Markets Equity income Index. It was launched on Jul 13, 2007. MFEM is a passively managed fund by PIMCO that tracks the performance of the RAFI Dynamic Multi-Factor Emerging Market Index. It was launched on Aug 31, 2017. Both DEM and MFEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DEM or MFEM.
Key characteristics
| DEM | MFEM | |
|---|---|---|
| YTD Return | 7.32% | 8.75% |
| 1Y Return | 17.31% | 18.85% |
| 3Y Return (Ann) | 5.45% | -0.02% |
| 5Y Return (Ann) | 5.44% | 5.84% |
| Sharpe Ratio | 1.21 | 1.34 |
| Sortino Ratio | 1.73 | 1.90 |
| Omega Ratio | 1.22 | 1.24 |
| Calmar Ratio | 1.86 | 1.03 |
| Martin Ratio | 6.16 | 6.69 |
| Ulcer Index | 2.89% | 2.93% |
| Daily Std Dev | 14.76% | 14.61% |
| Max Drawdown | -51.85% | -42.28% |
| Current Drawdown | -7.36% | -6.31% |
Correlation
The correlation between DEM and MFEM is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DEM vs. MFEM - Performance Comparison
In the year-to-date period, DEM achieves a 7.32% return, which is significantly lower than MFEM's 8.75% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DEM vs. MFEM - Expense Ratio Comparison
DEM has a 0.63% expense ratio, which is higher than MFEM's 0.49% expense ratio.
Risk-Adjusted Performance
DEM vs. MFEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Equity Income Fund (DEM) and PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM). 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.
Dividends
DEM vs. MFEM - Dividend Comparison
DEM's dividend yield for the trailing twelve months is around 5.35%, less than MFEM's 5.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEM WisdomTree Emerging Markets Equity Income Fund | 5.35% | 5.49% | 8.62% | 5.87% | 4.21% | 4.78% | 4.47% | 3.67% | 3.63% | 5.21% | 5.51% | 4.10% |
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 5.52% | 4.01% | 7.01% | 29.96% | 1.70% | 2.37% | 2.99% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DEM vs. MFEM - Drawdown Comparison
The maximum DEM drawdown since its inception was -51.85%, which is greater than MFEM's maximum drawdown of -42.28%. Use the drawdown chart below to compare losses from any high point for DEM and MFEM. For additional features, visit the drawdowns tool.
Volatility
DEM vs. MFEM - Volatility Comparison
WisdomTree Emerging Markets Equity Income Fund (DEM) and PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) have volatilities of 4.57% and 4.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.