DEM vs. VEXC
DEM (WisdomTree Emerging Markets Equity Income Fund) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - DEM tracks the WisdomTree Emerging Markets Equity income Index while VEXC tracks the FTSE Emerging ex China Index. Both are passively managed. Their correlation of 0.83 suggests significant overlap in exposure. DEM charges 0.63%/yr vs 0.07%/yr for VEXC.
Performance
DEM vs. VEXC - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DEM having a 19.97% return and VEXC slightly higher at 20.21%.
DEM
- 1D
- -1.19%
- 1M
- 6.63%
- YTD
- 19.97%
- 6M
- 20.75%
- 1Y
- 32.23%
- 3Y*
- 19.32%
- 5Y*
- 9.57%
- 10Y*
- 10.45%
VEXC
- 1D
- -1.20%
- 1M
- 4.95%
- YTD
- 20.21%
- 6M
- 23.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DEM vs. VEXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DEM WisdomTree Emerging Markets Equity Income Fund | 19.97% | 3.00% |
VEXC Vanguard Emerging Markets Ex-China ETF | 20.21% | 4.80% |
Correlation
The correlation between DEM and VEXC is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 3, 2025 | 0.83 |
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Return for Risk
DEM vs. VEXC — Risk / Return Rank
DEM
VEXC
DEM vs. VEXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Equity Income Fund (DEM) and Vanguard Emerging Markets Ex-China ETF (VEXC). 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 | VEXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | — | — |
| Martin ratioReturn relative to average drawdown | 14.52 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DEM | VEXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 2.21 | -1.99 |
Drawdowns
DEM vs. VEXC - Drawdown Comparison
The maximum DEM drawdown since its inception was -51.85%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for DEM and VEXC.
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Drawdown Indicators
| DEM | VEXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.85% | -12.42% | -39.43% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.79% | — | — |
Current DrawdownCurrent decline from peak | -1.19% | -1.20% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -12.90% | -2.23% | -10.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | — | — |
Volatility
DEM vs. VEXC - Volatility Comparison
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Volatility by Period
| DEM | VEXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.33% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.59% | 18.89% | -5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.33% | 18.89% | -3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 18.89% | -0.93% |
DEM vs. VEXC - Expense Ratio Comparison
DEM has a 0.63% expense ratio, which is higher than VEXC's 0.07% expense ratio.
Dividends
DEM vs. VEXC - Dividend Comparison
DEM's dividend yield for the trailing twelve months is around 3.76%, more than VEXC's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEM WisdomTree Emerging Markets Equity Income Fund | 3.76% | 4.88% | 5.24% | 5.49% | 8.62% | 5.87% | 4.21% | 4.78% | 4.47% | 3.67% | 3.63% | 5.21% |
VEXC Vanguard Emerging Markets Ex-China ETF | 0.74% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DEM and VEXC have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEXC is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEXC is cheaper with a 0.07% expense ratio, compared with 0.63% for DEM.
DEM has the higher dividend yield at 3.76%, compared with 0.74% for VEXC.
DEM tracks WisdomTree Emerging Markets Equity income Index, while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.63% for DEM and 0.07% for VEXC.
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