DEM vs. PSRW.L

Last updated Jun 9, 2026

DEM (WisdomTree Emerging Markets Equity Income Fund) and PSRW.L (Invesco FTSE RAFI All World 3000 UCITS ETF) are both exchange-traded funds - DEM is a Emerging Markets Equities fund tracking the WisdomTree Emerging Markets Equity income Index, while PSRW.L is a Global Equities fund tracking the MSCI ACWI Value NR USD. Both are passively managed. Over the past 10 years, DEM returned 10.16%/yr vs 12.14%/yr for PSRW.L. A 0.55 correlation means they provide meaningful diversification when combined. DEM charges 0.63%/yr vs 0.39%/yr for PSRW.L.

Performance

DEM vs. PSRW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Equity Income Fund (DEM) and Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, DEM achieves a 16.22% return, which is significantly higher than PSRW.L's 13.09% return. Over the past 10 years, DEM has underperformed PSRW.L with an annualized return of 10.16%, while PSRW.L has yielded a comparatively higher 12.14% annualized return.

DEM

• 1D: 0.54%
• 1M: -0.97%
• YTD: 16.22%
• 6M: 17.83%
• 1Y: 26.87%
• 3Y*: 16.99%
• 5Y*: 9.02%
• 10Y*: 10.16%

PSRW.L

• 1D: -0.45%
• 1M: 0.36%
• YTD: 13.09%
• 6M: 15.37%
• 1Y: 32.25%
• 3Y*: 21.00%
• 5Y*: 11.89%
• 10Y*: 12.14%

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

DEM vs. PSRW.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DEM WisdomTree Emerging Markets Equity Income Fund	16.22%	21.29%	4.46%	20.93%	-10.43%	11.49%	-5.84%	19.84%	-7.69%	26.26%
PSRW.L Invesco FTSE RAFI All World 3000 UCITS ETF	13.09%	29.02%	11.07%	15.90%	-8.53%	21.28%	5.82%	22.56%	-13.08%	19.75%

Correlation

The correlation between DEM and PSRW.L is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jan 3, 2008	0.55

The correlation between DEM and PSRW.L has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.

DEM vs. PSRW.L - Sectors Allocation Comparison

Sectors	DEM	PSRW.L
Financial Services	21.9%	18.5%
Technology	17.4%	19.9%
Industrials	9.5%	9.8%
Energy	6.1%	9.0%
Consumer Defensive	5.8%	5.6%
Consumer Cyclical	5.0%	8.7%
Basic Materials	3.5%	6.8%
Real Estate	3.0%	1.8%
Utilities	3.0%	3.5%
Communication Services	3.0%	7.5%
Healthcare	0.6%	8.8%

Return for Risk

DEM vs. PSRW.L — Risk / Return Rank

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

DEM

DEM Risk / Return Rank: 67
DEM Sharpe Ratio Rank: 64
DEM Sortino Ratio Rank: 63
DEM Omega Ratio Rank: 65
DEM Calmar Ratio Rank: 74
DEM Martin Ratio Rank: 71

PSRW.L

PSRW.L Risk / Return Rank: 93
PSRW.L Sharpe Ratio Rank: 95
PSRW.L Sortino Ratio Rank: 95
PSRW.L Omega Ratio Rank: 95
PSRW.L Calmar Ratio Rank: 90
PSRW.L Martin Ratio Rank: 91

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 vs. PSRW.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Equity Income Fund (DEM) and Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.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.

	DEM	PSRW.L	Difference
Sharpe ratio: Return per unit of total volatility	1.92	2.86	-0.93
Sortino ratio: Return per unit of downside risk	2.63	4.06	-1.43
Omega ratio: Gain probability vs. loss probability	1.35	1.51	-0.16
Calmar ratio: Return relative to maximum drawdown	3.42	3.94	-0.52
Martin ratio: Return relative to average drawdown	11.90	15.67	-3.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEM vs. PSRW.L - Sharpe Ratio Comparison

The current DEM Sharpe Ratio is 1.92, which is lower than the PSRW.L Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of DEM and PSRW.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

	DEM	PSRW.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	2.86	-0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.81	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.76	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.04	+0.18

Drawdowns

DEM vs. PSRW.L - Drawdown Comparison

The maximum DEM drawdown since its inception was -51.85%, smaller than the maximum PSRW.L drawdown of -85.13%. Use the drawdown chart below to compare losses from any high point for DEM and PSRW.L.

Drawdown Indicators

	DEM	PSRW.L	Difference
Max Drawdown Largest peak-to-trough decline	-51.85%	-85.13%	+33.28%
Max Drawdown (1Y) Largest decline over 1 year	-7.89%	-8.14%	+0.25%
Max Drawdown (3Y) Largest decline over 3 years	-15.64%	-12.97%	-2.67%
Max Drawdown (5Y) Largest decline over 5 years	-27.18%	-23.22%	-3.96%
Max Drawdown (10Y) Largest decline over 10 years	-37.79%	-37.06%	-0.73%
Current Drawdown Current decline from peak	-4.27%	-2.25%	-2.02%
Average Drawdown Average peak-to-trough decline	-12.89%	-42.97%	+30.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	2.05%	+0.21%

Volatility

DEM vs. PSRW.L - Volatility Comparison

WisdomTree Emerging Markets Equity Income Fund (DEM) has a higher volatility of 6.13% compared to Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.L) at 3.29%. This indicates that DEM's price experiences larger fluctuations and is considered to be riskier than PSRW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEM	PSRW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	3.29%	+2.84%
Volatility (6M) Calculated over the trailing 6-month period	11.90%	8.68%	+3.22%
Volatility (1Y) Calculated over the trailing 1-year period	14.06%	11.26%	+2.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.40%	14.71%	+0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.98%	16.04%	+1.94%

DEM vs. PSRW.L - Expense Ratio Comparison

DEM has a 0.63% expense ratio, which is higher than PSRW.L's 0.39% expense ratio.

Dividends

DEM vs. PSRW.L - Dividend Comparison

DEM's dividend yield for the trailing twelve months is around 3.88%, more than PSRW.L's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEM WisdomTree Emerging Markets Equity Income Fund	3.88%	4.88%	5.24%	5.49%	8.62%	5.87%	4.21%	4.78%	4.47%	3.67%	3.63%	5.21%
PSRW.L Invesco FTSE RAFI All World 3000 UCITS ETF	1.77%	2.00%	2.29%	2.46%	2.58%	1.96%	1.99%	2.45%	2.52%	2.03%	1.93%	2.00%

Frequently Asked Questions

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

DEM and PSRW.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DEM or PSRW.L?

On fees, PSRW.L is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DEM or PSRW.L?

PSRW.L is cheaper with a 0.39% expense ratio, compared with 0.63% for DEM.

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

DEM is categorized as Emerging Markets Equities, while PSRW.L is Global Equities. DEM tracks WisdomTree Emerging Markets Equity income Index, while PSRW.L tracks MSCI ACWI Value NR USD. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.63% for DEM and 0.39% for PSRW.L.