DEMR.L vs. WDEF.L

Last updated Jun 4, 2026

DEMR.L (WisdomTree Emerging Markets Equity Income UCITS ETF) and WDEF.L (WisdomTree Europe Defence UCITS ETF - EUR Acc EUR) are both exchange-traded funds - DEMR.L is a Emerging Markets Equities fund tracking the WisdomTree Emerging Markets High Dividend Index, while WDEF.L is a Aerospace & Defense fund tracking the WisdomTree Europe Defence UCITS Index. Both are passively managed. Over the past 5 years, DEMR.L returned 9.91%/yr vs 4.44%/yr for WDEF.L. At a 0.32 correlation, their price movements are largely independent. DEMR.L charges 0.46%/yr vs 0.40%/yr for WDEF.L.

Performance

DEMR.L vs. WDEF.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 WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DEMR.L is traded in USD, while WDEF.L is traded in EUR. To make them comparable, the WDEF.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 higher than WDEF.L's 0.86% 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*: —

WDEF.L

• 1D: 1.26%
• 1M: -4.42%
• YTD: 0.86%
• 6M: 4.90%
• 1Y: -1.73%
• 3Y*: 12.61%
• 5Y*: 4.44%
• 10Y*: —

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

DEMR.L vs. WDEF.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%	14.69%
WDEF.L WisdomTree Europe Defence UCITS ETF - EUR Acc EUR	0.86%	42.47%	-8.04%	25.07%	-24.69%	17.98%	12.71%	34.71%	-20.72%	10.69%

Correlation

The correlation between DEMR.L and WDEF.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jun 2, 2017	0.32

The correlation between DEMR.L and WDEF.L shifts across timeframes, from 0.28 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.

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

Sectors	DEMR.L	WDEF.L
Financial Services	25.5%	-
Technology	16.7%	3.2%
Industrials	11.7%	89.7%
Consumer Defensive	8.9%	-
Consumer Cyclical	8.7%	-
Basic Materials	6.5%	-
Communication Services	5.5%	0.4%
Real Estate	5.0%	-
Utilities	4.8%	-
Energy	4.8%	-
Healthcare	2.0%	0.1%

Return for Risk

DEMR.L vs. WDEF.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

WDEF.L

WDEF.L Risk / Return Rank: 11
WDEF.L Sharpe Ratio Rank: 9
WDEF.L Sortino Ratio Rank: 13
WDEF.L Omega Ratio Rank: 16
WDEF.L Calmar Ratio Rank: 8
WDEF.L Martin Ratio Rank: 8

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. WDEF.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 WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.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	WDEF.L	Difference
Sharpe ratio: Return per unit of total volatility	2.21	-0.02	+2.24
Sortino ratio: Return per unit of downside risk	3.08	0.56	+2.52
Omega ratio: Gain probability vs. loss probability	1.39	1.09	+0.30
Calmar ratio: Return relative to maximum drawdown	4.12	-0.06	+4.18
Martin ratio: Return relative to average drawdown	13.19	-0.18	+13.37
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. WDEF.L - Sharpe Ratio Comparison

The current DEMR.L Sharpe Ratio is 2.21, which is higher than the WDEF.L Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of DEMR.L and WDEF.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	WDEF.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	-0.02	+2.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.13	+0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.34	+0.21

Drawdowns

DEMR.L vs. WDEF.L - Drawdown Comparison

The maximum DEMR.L drawdown since its inception was -36.98%, smaller than the maximum WDEF.L drawdown of -41.69%. Use the drawdown chart below to compare losses from any high point for DEMR.L and WDEF.L.

Drawdown Indicators

	DEMR.L	WDEF.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.98%	-41.69%	+4.71%
Max Drawdown (1Y) Largest decline over 1 year	-7.54%	-26.82%	+19.28%
Max Drawdown (3Y) Largest decline over 3 years	-14.84%	-26.82%	+11.98%
Max Drawdown (5Y) Largest decline over 5 years	-27.86%	-41.69%	+13.83%
Current Drawdown Current decline from peak	-1.03%	-15.16%	+14.13%
Average Drawdown Average peak-to-trough decline	-7.67%	-11.68%	+4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	9.64%	-7.28%

Volatility

DEMR.L vs. WDEF.L - Volatility Comparison

The current volatility for WisdomTree Emerging Markets Equity Income UCITS ETF (DEMR.L) is 5.74%, while WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.L) has a volatility of 10.74%. This indicates that DEMR.L experiences smaller price fluctuations and is considered to be less risky than WDEF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEMR.L	WDEF.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	10.74%	-5.00%
Volatility (6M) Calculated over the trailing 6-month period	11.00%	65.05%	-54.05%
Volatility (1Y) Calculated over the trailing 1-year period	14.06%	74.52%	-60.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.16%	44.75%	-29.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	43.57%	-26.59%

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

DEMR.L has a 0.46% expense ratio, which is higher than WDEF.L's 0.40% expense ratio.

Dividends

DEMR.L vs. WDEF.L - Dividend Comparison

Neither DEMR.L nor WDEF.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

DEMR.L and WDEF.L have a correlation of 0.28, 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 WDEF.L?

On fees, WDEF.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

WDEF.L is cheaper with a 0.40% expense ratio, compared with 0.46% for DEMR.L.

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

DEMR.L is categorized as Emerging Markets Equities, while WDEF.L is Aerospace & Defense. DEMR.L tracks WisdomTree Emerging Markets High Dividend Index, while WDEF.L tracks WisdomTree Europe Defence UCITS Index. Their fees differ too: 0.46% for DEMR.L and 0.40% for WDEF.L.