EMHD.L vs. WTEI.DE

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist (EMHD.L) and WisdomTree Emerging Markets Equity Income UCITS ETF (WTEI.DE).

EMHD.L and WTEI.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMHD.L is a passively managed fund by Invesco that tracks the performance of the FTSE Emerging High Dividend Low Volatility Net Tax Index. It was launched on May 27, 2016. WTEI.DE is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Emerging Markets Equity Income. It was launched on Nov 19, 2014. Both EMHD.L and WTEI.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EMHD.L vs. WTEI.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist (EMHD.L) and WisdomTree Emerging Markets Equity Income UCITS ETF (WTEI.DE). The values are adjusted to include any dividend payments, if applicable.

EMHD.L vs. WTEI.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EMHD.L Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist	10.04%	26.93%	2.28%	10.88%	-17.26%	13.69%	18.48%
WTEI.DE WisdomTree Emerging Markets Equity Income UCITS ETF	5.23%	21.66%	5.51%	20.64%	-12.29%	13.00%	15.86%

Different Trading Currencies

EMHD.L is traded in USD, while WTEI.DE is traded in EUR. To make them comparable, the WTEI.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, EMHD.L achieves a 10.04% return, which is significantly higher than WTEI.DE's 5.23% return.

EMHD.L

• 1D: 2.31%
• 1M: -0.67%
• YTD: 10.04%
• 6M: 16.60%
• 1Y: 32.46%
• 3Y*: 15.78%
• 5Y*: 6.83%
• 10Y*: —

WTEI.DE

• 1D: 1.33%
• 1M: -2.28%
• YTD: 5.23%
• 6M: 8.30%
• 1Y: 22.16%
• 3Y*: 15.69%
• 5Y*: 8.35%
• 10Y*: —

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

EMHD.L vs. WTEI.DE - Expense Ratio Comparison

EMHD.L has a 0.49% expense ratio, which is higher than WTEI.DE's 0.46% expense ratio.

EMHD.L

Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist

WTEI.DE

WisdomTree Emerging Markets Equity Income UCITS ETF

Return for Risk

EMHD.L vs. WTEI.DE — Risk / Return Rank

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

EMHD.L

EMHD.L Risk / Return Rank: 93
EMHD.L Sharpe Ratio Rank: 94
EMHD.L Sortino Ratio Rank: 95
EMHD.L Omega Ratio Rank: 93
EMHD.L Calmar Ratio Rank: 93
EMHD.L Martin Ratio Rank: 94

WTEI.DE

WTEI.DE Risk / Return Rank: 53
WTEI.DE Sharpe Ratio Rank: 50
WTEI.DE Sortino Ratio Rank: 46
WTEI.DE Omega Ratio Rank: 45
WTEI.DE Calmar Ratio Rank: 58
WTEI.DE Martin Ratio Rank: 67

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.

EMHD.L vs. WTEI.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist (EMHD.L) and WisdomTree Emerging Markets Equity Income UCITS ETF (WTEI.DE). 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.

	EMHD.L	WTEI.DE	Difference
Sharpe ratio Return per unit of total volatility	2.36	1.42	+0.93
Sortino ratio Return per unit of downside risk	3.10	1.99	+1.12
Omega ratio Gain probability vs. loss probability	1.43	1.27	+0.16
Calmar ratio Return relative to maximum drawdown	3.73	2.30	+1.43
Martin ratio Return relative to average drawdown	15.21	9.24	+5.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMHD.L vs. WTEI.DE - Sharpe Ratio Comparison

The current EMHD.L Sharpe Ratio is 2.36, which is higher than the WTEI.DE Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of EMHD.L and WTEI.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EMHD.L	WTEI.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	1.42	+0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.53	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.73	-0.27

Correlation

The correlation between EMHD.L and WTEI.DE is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

EMHD.L vs. WTEI.DE - Dividend Comparison

EMHD.L's dividend yield for the trailing twelve months is around 4.81%, more than WTEI.DE's 4.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMHD.L Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist	4.81%	5.17%	5.78%	5.99%	9.02%	6.08%	4.02%	5.04%	5.51%	4.92%	2.37%	0.00%
WTEI.DE WisdomTree Emerging Markets Equity Income UCITS ETF	4.43%	4.52%	7.52%	6.96%	7.43%	3.95%	4.97%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

EMHD.L vs. WTEI.DE - Drawdown Comparison

The maximum EMHD.L drawdown since its inception was -38.32%, which is greater than WTEI.DE's maximum drawdown of -27.67%. Use the drawdown chart below to compare losses from any high point for EMHD.L and WTEI.DE.

Drawdown Indicators

	EMHD.L	WTEI.DE	Difference
Max Drawdown Largest peak-to-trough decline	-38.32%	-16.73%	-21.59%
Max Drawdown (1Y) Largest decline over 1 year	-8.77%	-12.42%	+3.65%
Max Drawdown (5Y) Largest decline over 5 years	-30.43%	-16.73%	-13.70%
Current Drawdown Current decline from peak	-2.19%	-3.27%	+1.08%
Average Drawdown Average peak-to-trough decline	-9.88%	-4.10%	-5.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	1.90%	+0.25%

Volatility

EMHD.L vs. WTEI.DE - Volatility Comparison

Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist (EMHD.L) has a higher volatility of 4.93% compared to WisdomTree Emerging Markets Equity Income UCITS ETF (WTEI.DE) at 4.52%. This indicates that EMHD.L's price experiences larger fluctuations and is considered to be riskier than WTEI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMHD.L	WTEI.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	4.52%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	9.14%	10.20%	-1.06%
Volatility (1Y) Calculated over the trailing 1-year period	13.74%	15.50%	-1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.03%	15.45%	-0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	15.50%	+1.41%