DEMS.L vs. EMV.L

Last updated Jun 5, 2026

DEMS.L (WisdomTree Emerging Markets Equity Income UCITS ETF Acc) and EMV.L (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds tracking the MSCI EM NR USD, from WisdomTree and iShares respectively. Both are passively managed. Over the past 5 years, DEMS.L returned 10.95%/yr vs 6.63%/yr for EMV.L. Their correlation of 0.81 suggests significant overlap in exposure. DEMS.L charges 0.46%/yr vs 0.40%/yr for EMV.L.

Performance

DEMS.L vs. EMV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Emerging Markets Equity Income UCITS ETF Acc (DEMS.L) and iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEMS.L achieves a 18.95% return, which is significantly higher than EMV.L's 17.59% return.

DEMS.L

• 1D: 0.29%
• 1M: 5.82%
• YTD: 18.95%
• 6M: 18.43%
• 1Y: 31.01%
• 3Y*: 16.07%
• 5Y*: 10.95%
• 10Y*: —

EMV.L

• 1D: -1.01%
• 1M: 5.53%
• YTD: 17.59%
• 6M: 17.45%
• 1Y: 26.13%
• 3Y*: 11.29%
• 5Y*: 6.63%
• 10Y*: 7.24%

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

DEMS.L vs. EMV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DEMS.L WisdomTree Emerging Markets Equity Income UCITS ETF Acc	18.95%	12.50%	7.08%	14.64%	-2.59%	15.41%	-9.66%	14.70%	-2.61%	15.25%
EMV.L iShares Edge MSCI EM Minimum Volatility UCITS ETF	17.59%	5.04%	10.84%	1.45%	-4.20%	5.93%	4.08%	3.48%	-0.20%	15.47%

Correlation

The correlation between DEMS.L and EMV.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	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Nov 9, 2016	0.81

The correlation between DEMS.L and EMV.L has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.

DEMS.L vs. EMV.L - Sectors Allocation Comparison

Sectors	DEMS.L	EMV.L
Financial Services	23.9%	18.9%
Technology	22.9%	32.4%
Industrials	11.0%	6.2%
Consumer Defensive	8.3%	6.9%
Consumer Cyclical	7.9%	6.7%
Basic Materials	5.9%	2.9%
Communication Services	5.1%	11.0%
Real Estate	4.6%	0.6%
Energy	4.4%	3.6%
Utilities	4.2%	4.7%
Healthcare	1.8%	6.1%

Return for Risk

DEMS.L vs. EMV.L — Risk / Return Rank

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

DEMS.L

DEMS.L Risk / Return Rank: 83
DEMS.L Sharpe Ratio Rank: 83
DEMS.L Sortino Ratio Rank: 82
DEMS.L Omega Ratio Rank: 81
DEMS.L Calmar Ratio Rank: 86
DEMS.L Martin Ratio Rank: 84

EMV.L

EMV.L Risk / Return Rank: 69
EMV.L Sharpe Ratio Rank: 71
EMV.L Sortino Ratio Rank: 71
EMV.L Omega Ratio Rank: 74
EMV.L Calmar Ratio Rank: 67
EMV.L Martin Ratio Rank: 62

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.

DEMS.L vs. EMV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Equity Income UCITS ETF Acc (DEMS.L) and iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.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.

	DEMS.L	EMV.L	Difference
Sharpe ratio: Return per unit of total volatility	2.67	2.29	+0.38
Sortino ratio: Return per unit of downside risk	3.60	3.17	+0.43
Omega ratio: Gain probability vs. loss probability	1.48	1.43	+0.04
Calmar ratio: Return relative to maximum drawdown	4.77	3.28	+1.49
Martin ratio: Return relative to average drawdown	16.97	11.15	+5.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEMS.L vs. EMV.L - Sharpe Ratio Comparison

The current DEMS.L Sharpe Ratio is 2.67, which is comparable to the EMV.L Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of DEMS.L and EMV.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

	DEMS.L	EMV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	2.29	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.61	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.41	+0.13

Drawdowns

DEMS.L vs. EMV.L - Drawdown Comparison

The maximum DEMS.L drawdown since its inception was -29.57%, roughly equal to the maximum EMV.L drawdown of -28.68%. Use the drawdown chart below to compare losses from any high point for DEMS.L and EMV.L.

Drawdown Indicators

	DEMS.L	EMV.L	Difference
Max Drawdown Largest peak-to-trough decline	-29.57%	-28.68%	-0.89%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-7.93%	+1.46%
Max Drawdown (3Y) Largest decline over 3 years	-12.88%	-11.19%	-1.69%
Max Drawdown (5Y) Largest decline over 5 years	-14.79%	-11.19%	-3.60%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.59%	—
Current Drawdown Current decline from peak	-1.15%	-1.54%	+0.39%
Average Drawdown Average peak-to-trough decline	-5.01%	-5.90%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	2.34%	-0.52%

Volatility

DEMS.L vs. EMV.L - Volatility Comparison

WisdomTree Emerging Markets Equity Income UCITS ETF Acc (DEMS.L) and iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV.L) have volatilities of 4.53% and 4.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEMS.L	EMV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	4.60%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	9.27%	9.74%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	11.58%	11.37%	+0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.78%	10.94%	+1.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.65%	13.28%	+2.37%

DEMS.L vs. EMV.L - Expense Ratio Comparison

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

Dividends

DEMS.L vs. EMV.L - Dividend Comparison

Neither DEMS.L nor EMV.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DEMS.L and EMV.L in my portfolio?

DEMS.L and EMV.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, DEMS.L or EMV.L?

On fees, EMV.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, DEMS.L or EMV.L?

EMV.L is cheaper with a 0.40% expense ratio, compared with 0.46% for DEMS.L.

What is the main difference between DEMS.L and EMV.L?

Both ETFs track MSCI EM NR USD. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.46% for DEMS.L and 0.40% for EMV.L.