EMMF vs. HEDJ
Compare and contrast key facts about WisdomTree Emerging Markets Multifactor Fund (EMMF) and WisdomTree Europe Hedged Equity Fund (HEDJ).
EMMF and HEDJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMMF is an actively managed fund by WisdomTree. It was launched on Aug 10, 2018. HEDJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Hedged Equity Index. It was launched on Dec 31, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMMF or HEDJ.
Performance
EMMF vs. HEDJ - Performance Comparison
Returns By Period
In the year-to-date period, EMMF achieves a 10.38% return, which is significantly higher than HEDJ's 3.08% return.
EMMF
10.38%
-4.63%
-0.51%
16.72%
7.34%
N/A
HEDJ
3.08%
-3.43%
-7.90%
8.76%
7.51%
7.91%
Key characteristics
| EMMF | HEDJ | |
|---|---|---|
| Sharpe Ratio | 1.41 | 0.72 |
| Sortino Ratio | 1.96 | 1.05 |
| Omega Ratio | 1.26 | 1.13 |
| Calmar Ratio | 2.10 | 0.79 |
| Martin Ratio | 7.26 | 2.03 |
| Ulcer Index | 2.23% | 4.70% |
| Daily Std Dev | 11.53% | 13.28% |
| Max Drawdown | -32.55% | -38.18% |
| Current Drawdown | -6.53% | -8.91% |
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EMMF vs. HEDJ - Expense Ratio Comparison
EMMF has a 0.48% expense ratio, which is lower than HEDJ's 0.58% expense ratio.
Correlation
The correlation between EMMF and HEDJ is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
EMMF vs. HEDJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Multifactor Fund (EMMF) and WisdomTree Europe Hedged Equity Fund (HEDJ). 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.
Dividends
EMMF vs. HEDJ - Dividend Comparison
EMMF's dividend yield for the trailing twelve months is around 1.33%, less than HEDJ's 3.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMMF WisdomTree Emerging Markets Multifactor Fund | 1.33% | 1.62% | 3.48% | 2.64% | 1.93% | 2.93% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HEDJ WisdomTree Europe Hedged Equity Fund | 3.04% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.97% | 9.44% | 5.83% | 1.85% |
Drawdowns
EMMF vs. HEDJ - Drawdown Comparison
The maximum EMMF drawdown since its inception was -32.55%, smaller than the maximum HEDJ drawdown of -38.18%. Use the drawdown chart below to compare losses from any high point for EMMF and HEDJ. For additional features, visit the drawdowns tool.
Volatility
EMMF vs. HEDJ - Volatility Comparison
The current volatility for WisdomTree Emerging Markets Multifactor Fund (EMMF) is 3.44%, while WisdomTree Europe Hedged Equity Fund (HEDJ) has a volatility of 3.99%. This indicates that EMMF experiences smaller price fluctuations and is considered to be less risky than HEDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.