DEMR.L vs. HMEF.L

Last updated Jun 4, 2026

DEMR.L (WisdomTree Emerging Markets Equity Income UCITS ETF) and HMEF.L (HSBC MSCI Emerging Markets UCITS ETF USD) are both Emerging Markets Equities funds - DEMR.L tracks the WisdomTree Emerging Markets High Dividend Index while HMEF.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, DEMR.L returned 9.91%/yr vs 4.96%/yr for HMEF.L. Their correlation of 0.82 suggests significant overlap in exposure. DEMR.L charges 0.46%/yr vs 0.15%/yr for HMEF.L.

Performance

DEMR.L vs. HMEF.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Equity Income UCITS ETF (DEMR.L) and HSBC MSCI Emerging Markets UCITS ETF USD (HMEF.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, DEMR.L achieves a 19.39% return, which is significantly lower than HMEF.L's 27.33% return.

DEMR.L

• 1D: -1.03%
• 1M: 5.88%
• YTD: 19.39%
• 6M: 20.08%
• 1Y: 31.18%
• 3Y*: 19.53%
• 5Y*: 9.91%
• 10Y*: —

HMEF.L

• 1D: -1.18%
• 1M: 9.42%
• YTD: 27.33%
• 6M: 30.42%
• 1Y: 54.16%
• 3Y*: 21.38%
• 5Y*: 4.96%
• 10Y*: 8.04%

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

DEMR.L vs. HMEF.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DEMR.L WisdomTree Emerging Markets Equity Income UCITS ETF	19.39%	20.63%	5.41%	21.41%	-13.08%	13.97%	-6.44%	18.38%	-7.94%	26.61%
HMEF.L HSBC MSCI Emerging Markets UCITS ETF USD	27.33%	31.08%	4.66%	5.11%	-21.94%	-4.97%	16.13%	14.77%	-16.44%	35.32%

Correlation

The correlation between DEMR.L and HMEF.L is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Nov 9, 2016	0.82

The correlation between DEMR.L and HMEF.L has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.

DEMR.L vs. HMEF.L - Sectors Allocation Comparison

Sectors	DEMR.L	HMEF.L
Financial Services	25.5%	17.8%
Technology	16.7%	42.9%
Industrials	11.7%	6.8%
Consumer Defensive	8.9%	2.7%
Consumer Cyclical	8.7%	8.7%
Basic Materials	6.5%	5.9%
Communication Services	5.5%	6.2%
Real Estate	5.0%	1.0%
Utilities	4.8%	1.9%
Energy	4.8%	3.5%
Healthcare	2.0%	2.6%

Return for Risk

DEMR.L vs. HMEF.L — Risk / Return Rank

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

DEMR.L

DEMR.L Risk / Return Rank: 71
DEMR.L Sharpe Ratio Rank: 68
DEMR.L Sortino Ratio Rank: 68
DEMR.L Omega Ratio Rank: 66
DEMR.L Calmar Ratio Rank: 80
DEMR.L Martin Ratio Rank: 71

HMEF.L

HMEF.L Risk / Return Rank: 88
HMEF.L Sharpe Ratio Rank: 91
HMEF.L Sortino Ratio Rank: 89
HMEF.L Omega Ratio Rank: 91
HMEF.L Calmar Ratio Rank: 87
HMEF.L Martin Ratio Rank: 84

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.

DEMR.L vs. HMEF.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Equity Income UCITS ETF (DEMR.L) and HSBC MSCI Emerging Markets UCITS ETF USD (HMEF.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.

	DEMR.L	HMEF.L	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.85	-0.64
Sortino ratio: Return per unit of downside risk	3.08	3.77	-0.68
Omega ratio: Gain probability vs. loss probability	1.39	1.51	-0.12
Calmar ratio: Return relative to maximum drawdown	4.12	4.12	0.00
Martin ratio: Return relative to average drawdown	13.19	14.89	-1.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEMR.L vs. HMEF.L - Sharpe Ratio Comparison

The current DEMR.L Sharpe Ratio is 2.21, which is comparable to the HMEF.L Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of DEMR.L and HMEF.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

	DEMR.L	HMEF.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	2.85	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.27	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.20	+0.36

Drawdowns

DEMR.L vs. HMEF.L - Drawdown Comparison

The maximum DEMR.L drawdown since its inception was -36.98%, smaller than the maximum HMEF.L drawdown of -42.58%. Use the drawdown chart below to compare losses from any high point for DEMR.L and HMEF.L.

Drawdown Indicators

	DEMR.L	HMEF.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.98%	-42.58%	+5.60%
Max Drawdown (1Y) Largest decline over 1 year	-7.54%	-13.08%	+5.54%
Max Drawdown (3Y) Largest decline over 3 years	-14.84%	-17.13%	+2.29%
Max Drawdown (5Y) Largest decline over 5 years	-27.86%	-39.72%	+11.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.58%	—
Current Drawdown Current decline from peak	-1.03%	-1.18%	+0.15%
Average Drawdown Average peak-to-trough decline	-7.67%	-16.39%	+8.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	3.63%	-1.27%

Volatility

DEMR.L vs. HMEF.L - Volatility Comparison

The current volatility for WisdomTree Emerging Markets Equity Income UCITS ETF (DEMR.L) is 5.74%, while HSBC MSCI Emerging Markets UCITS ETF USD (HMEF.L) has a volatility of 8.08%. This indicates that DEMR.L experiences smaller price fluctuations and is considered to be less risky than HMEF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEMR.L	HMEF.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	8.08%	-2.34%
Volatility (6M) Calculated over the trailing 6-month period	11.00%	16.22%	-5.22%
Volatility (1Y) Calculated over the trailing 1-year period	14.06%	18.91%	-4.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.16%	18.65%	-3.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	19.40%	-2.42%

DEMR.L vs. HMEF.L - Expense Ratio Comparison

DEMR.L has a 0.46% expense ratio, which is higher than HMEF.L's 0.15% expense ratio.

Dividends

DEMR.L vs. HMEF.L - Dividend Comparison

DEMR.L has not paid dividends to shareholders, while HMEF.L's dividend yield for the trailing twelve months is around 0.02%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEMR.L WisdomTree Emerging Markets Equity Income UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HMEF.L HSBC MSCI Emerging Markets UCITS ETF USD	0.02%	0.02%	0.02%	0.03%	0.03%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%

Frequently Asked Questions

Can I hold both DEMR.L and HMEF.L in my portfolio?

DEMR.L and HMEF.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DEMR.L or HMEF.L?

On fees, HMEF.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DEMR.L or HMEF.L?

HMEF.L is cheaper with a 0.15% expense ratio, compared with 0.46% for DEMR.L.

What is the main difference between DEMR.L and HMEF.L?

DEMR.L tracks WisdomTree Emerging Markets High Dividend Index, while HMEF.L tracks MSCI EM NR USD. They also come from different issuers: WisdomTree and HSBC. Their fees differ too: 0.46% for DEMR.L and 0.15% for HMEF.L.