DEMD.L vs. JPAS.L
DEMD.L (WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist)) and JPAS.L (JPM USD Ultra-Short Income Active UCITS ETF USD (Acc)) are both exchange-traded funds - DEMD.L is a Emerging Markets Equities fund tracking the WisdomTree Emerging Markets High Dividend UCITS Index, while JPAS.L is a Ultrashort Bond fund actively managed by JPMorgan. DEMD.L is passively managed, while JPAS.L is actively managed. Over the past 5 years, DEMD.L returned 9.92%/yr vs 3.78%/yr for JPAS.L. At a correlation of -0.17, they often move in opposite directions. DEMD.L charges 0.46%/yr vs 0.18%/yr for JPAS.L.
Performance
DEMD.L vs. JPAS.L - Performance Comparison
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Different Trading Currencies
DEMD.L is traded in USD, while JPAS.L is traded in GBP. To make them comparable, the JPAS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DEMD.L achieves a 15.53% return, which is significantly higher than JPAS.L's 2.15% return.
DEMD.L
- 1D
- -1.10%
- 1M
- -3.70%
- 6M
- 12.00%
- YTD
- 15.53%
- 1Y
- 20.60%
- 3Y*
- 16.38%
- 5Y*
- 9.92%
- 10Y*
- 8.84%
JPAS.L
- 1D
- 0.56%
- 1M
- 0.55%
- 6M
- 2.10%
- YTD
- 2.15%
- 1Y
- 4.86%
- 3Y*
- 5.28%
- 5Y*
- 3.78%
- 10Y*
- —
DEMD.L vs. JPAS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DEMD.L WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) | 15.53% | 20.91% | 5.26% | 21.17% | -12.75% | 13.36% | -6.14% | 7.90% |
JPAS.L JPM USD Ultra-Short Income Active UCITS ETF USD (Acc) | 2.15% | 5.32% | 5.49% | 4.53% | 1.03% | 0.46% | 1.85% | -21.87% |
Correlation
The correlation between DEMD.L and JPAS.L is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2019 | -0.17 |
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Return for Risk
DEMD.L vs. JPAS.L — Risk / Return Rank
DEMD.L
JPAS.L
DEMD.L vs. JPAS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) (DEMD.L) and JPM USD Ultra-Short Income Active UCITS ETF USD (Acc) (JPAS.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.
| DEMD.L | JPAS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 3.90 | -1.21 |
| Martin ratioReturn relative to average drawdown | 8.01 | 14.90 | -6.90 |
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Drawdowns
DEMD.L vs. JPAS.L - Drawdown Comparison
The maximum DEMD.L drawdown since its inception was -40.46%, which is greater than JPAS.L's maximum drawdown of -24.25%. Use the drawdown chart below to compare losses from any high point for DEMD.L and JPAS.L.
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Drawdown Indicators
| DEMD.L | JPAS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.46% | -24.25% | -16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.63% | -1.21% | -6.42% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | -1.21% | -13.38% |
Max Drawdown (5Y)Largest decline over 5 years | -27.69% | -2.53% | -25.16% |
Max Drawdown (10Y)Largest decline over 10 years | -37.40% | — | — |
Current DrawdownCurrent decline from peak | -4.71% | -4.18% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -16.59% | +6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 0.32% | +2.25% |
Volatility
DEMD.L vs. JPAS.L - Volatility Comparison
WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) (DEMD.L) has a higher volatility of 4.59% compared to JPM USD Ultra-Short Income Active UCITS ETF USD (Acc) (JPAS.L) at 1.37%. This indicates that DEMD.L's price experiences larger fluctuations and is considered to be riskier than JPAS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEMD.L | JPAS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 1.37% | +3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 12.06% | 3.69% | +8.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.25% | 4.31% | +9.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.06% | 4.76% | +10.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 9.93% | +6.74% |
DEMD.L vs. JPAS.L - Expense Ratio Comparison
DEMD.L has a 0.46% expense ratio, which is higher than JPAS.L's 0.18% expense ratio.
Dividends
DEMD.L vs. JPAS.L - Dividend Comparison
DEMD.L's dividend yield for the trailing twelve months is around 3.72%, while JPAS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEMD.L WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) | 3.72% | 4.42% | 7.88% | 6.68% | 7.48% | 4.20% | 4.51% | 4.13% | 4.39% | 1.98% | 1.68% | 4.75% |
JPAS.L JPM USD Ultra-Short Income Active 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
DEMD.L and JPAS.L have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPAS.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPAS.L is cheaper with a 0.18% expense ratio, compared with 0.46% for DEMD.L.
DEMD.L is categorized as Emerging Markets Equities, while JPAS.L is Ultrashort Bond. They also come from different issuers: WisdomTree and JPMorgan. Their fees differ too: 0.46% for DEMD.L and 0.18% for JPAS.L.
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