EMIM.L vs. DEM.L
EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) and DEM.L (WisdomTree Emerging Markets Equity Income UCITS ETF) are both Emerging Markets Equities funds tracking the MSCI EM NR USD, from iShares and WisdomTree respectively. Both are passively managed. Over the past 10 years, EMIM.L returned 11.09%/yr vs 12.42%/yr for DEM.L. A 0.76 correlation means they provide meaningful diversification when combined. EMIM.L charges 0.18%/yr vs 0.46%/yr for DEM.L.
Performance
EMIM.L vs. DEM.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMIM.L achieves a 24.23% return, which is significantly higher than DEM.L's 19.41% return. Over the past 10 years, EMIM.L has underperformed DEM.L with an annualized return of 11.09%, while DEM.L has yielded a comparatively higher 12.42% annualized return.
EMIM.L
- 1D
- -1.35%
- 1M
- 5.54%
- YTD
- 24.23%
- 6M
- 26.48%
- 1Y
- 50.85%
- 3Y*
- 20.15%
- 5Y*
- 8.76%
- 10Y*
- 11.09%
DEM.L
- 1D
- 0.31%
- 1M
- 6.29%
- YTD
- 19.41%
- 6M
- 19.10%
- 1Y
- 31.60%
- 3Y*
- 18.95%
- 5Y*
- 12.77%
- 10Y*
- 12.42%
EMIM.L vs. DEM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.23% | 23.35% | 9.18% | 4.93% | -10.17% | 0.74% | 14.91% | 12.69% | -9.32% | 24.72% |
DEM.L WisdomTree Emerging Markets Equity Income UCITS ETF | 19.41% | 12.71% | 11.70% | 18.04% | -2.59% | 15.16% | -6.66% | 17.84% | -1.94% | 14.47% |
Correlation
The correlation between EMIM.L and DEM.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2014 | 0.76 |
The correlation between EMIM.L and DEM.L has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
EMIM.L vs. DEM.L — Risk / Return Rank
EMIM.L
DEM.L
EMIM.L vs. DEM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) and WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.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.
| EMIM.L | DEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.42 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 4.80 | -0.17 |
| Martin ratioReturn relative to average drawdown | 16.57 | 16.63 | -0.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMIM.L | DEM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.04 | 2.40 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.97 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.84 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.60 | -0.11 |
Drawdowns
EMIM.L vs. DEM.L - Drawdown Comparison
The maximum EMIM.L drawdown since its inception was -31.70%, smaller than the maximum DEM.L drawdown of -35.94%. Use the drawdown chart below to compare losses from any high point for EMIM.L and DEM.L.
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Drawdown Indicators
| EMIM.L | DEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -35.94% | +4.24% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -6.56% | -4.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -12.37% | -3.19% |
Max Drawdown (5Y)Largest decline over 5 years | -21.98% | -14.48% | -7.50% |
Max Drawdown (10Y)Largest decline over 10 years | -26.46% | -30.09% | +3.63% |
Current DrawdownCurrent decline from peak | -2.39% | -0.59% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -6.54% | -2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 1.90% | +1.16% |
Volatility
EMIM.L vs. DEM.L - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a higher volatility of 7.03% compared to WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.L) at 4.23%. This indicates that EMIM.L's price experiences larger fluctuations and is considered to be riskier than DEM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMIM.L | DEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.03% | 4.23% | +2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 9.73% | +4.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.67% | 13.09% | +3.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.82% | 13.31% | +2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.81% | 16.47% | +1.34% |
EMIM.L vs. DEM.L - Expense Ratio Comparison
EMIM.L has a 0.18% expense ratio, which is lower than DEM.L's 0.46% expense ratio.
Dividends
EMIM.L vs. DEM.L - Dividend Comparison
EMIM.L has not paid dividends to shareholders, while DEM.L's dividend yield for the trailing twelve months is around 3.72%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEM.L WisdomTree Emerging Markets Equity Income UCITS ETF | 3.72% | 4.47% | 11.82% | 9.48% | 7.05% | 4.14% | 9.14% | 6.10% | 4.19% | 3.16% | 1.48% | 4.55% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (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
EMIM.L and DEM.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMIM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMIM.L is cheaper with a 0.18% expense ratio, compared with 0.46% for DEM.L.
Both ETFs track MSCI EM NR USD. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.18% for EMIM.L and 0.46% for DEM.L.
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