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EPP vs. DEM.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EPP vs. DEM.L

Last updated Jun 14, 2026

EPP (iShares MSCI Pacific ex Japan ETF) and DEM.L (WisdomTree Emerging Markets Equity Income UCITS ETF) are both exchange-traded funds - EPP is a Asia Pacific Equities fund tracking the MSCI Pacific ex-Japan Index, while DEM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 10 years, EPP returned 7.79%/yr vs 10.53%/yr for DEM.L. A 0.65 correlation means they provide meaningful diversification when combined. EPP charges 0.48%/yr vs 0.46%/yr for DEM.L.

Performance

EPP vs. DEM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Pacific ex Japan ETF (EPP) and WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

EPP is traded in USD, while DEM.L is traded in GBp. To make them comparable, the DEM.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, EPP achieves a 8.62% return, which is significantly lower than DEM.L's 18.98% return. Over the past 10 years, EPP has underperformed DEM.L with an annualized return of 7.79%, while DEM.L has yielded a comparatively higher 10.53% annualized return.

EPP

1D
0.66%
1M
-0.31%
YTD
8.62%
6M
9.61%
1Y
15.65%
3Y*
12.24%
5Y*
4.53%
10Y*
7.79%

DEM.L

1D
1.76%
1M
5.67%
YTD
18.98%
6M
20.57%
1Y
27.87%
3Y*
17.77%
5Y*
9.90%
10Y*
10.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EPP vs. DEM.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EPP
iShares MSCI Pacific ex Japan ETF		8.62%19.70%4.76%5.76%-6.59%4.26%6.04%18.30%-10.78%26.05%
DEM.L
WisdomTree Emerging Markets Equity Income UCITS ETF		18.98%21.21%5.07%20.84%-13.01%14.12%-6.70%19.36%-7.75%26.07%

Correlation

The correlation between EPP and DEM.L is 0.58, 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

0.58

Correlation (3Y)
Calculated over the trailing 3-year period

0.63

Correlation (5Y)
Calculated over the trailing 5-year period

0.64

Correlation (10Y)
Calculated over the trailing 10-year period

0.64

Correlation (All Time)
Calculated using the full available price history since Nov 14, 2014

0.65

The correlation between EPP and DEM.L has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.

EPP vs. DEM.L - Sectors Allocation Comparison

Sectors
EPP
DEM.L

Financial Services

44.9%
25.5%

Basic Materials

17.0%
6.5%

Industrials

8.5%
11.7%

Real Estate

7.4%
5.0%

Consumer Cyclical

6.2%
8.7%

Utilities

3.5%
4.8%

Healthcare

3.3%
2.0%

Consumer Defensive

2.9%
8.9%

Energy

2.7%
4.8%

Communication Services

2.6%
5.5%

Technology

1.0%
16.7%

Financial Services

EPP
44.9%
DEM.L
25.5%

Basic Materials

EPP
17.0%
DEM.L
6.5%

Industrials

EPP
8.5%
DEM.L
11.7%

Real Estate

EPP
7.4%
DEM.L
5.0%

Consumer Cyclical

EPP
6.2%
DEM.L
8.7%

Utilities

EPP
3.5%
DEM.L
4.8%

Healthcare

EPP
3.3%
DEM.L
2.0%

Consumer Defensive

EPP
2.9%
DEM.L
8.9%

Energy

EPP
2.7%
DEM.L
4.8%

Communication Services

EPP
2.6%
DEM.L
5.5%

Technology

EPP
1.0%
DEM.L
16.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Pacific ex Japan ETF

WisdomTree Emerging Markets Equity Income UCITS ETF

Often compared with EPP:
EPP vs. EWTEPP vs. AAXJEPP vs. BBAXEPP vs. EWHEPP vs. AIAEPP vs. EWYEPP vs. VPL
Often compared with DEM.L:
DEM.L vs. JEPG.LDEM.L vs. IEMGDEM.L vs. VEVE.ASDEM.L vs. IWRD.LDEM.L vs. QQQMDEM.L vs. QGRWDEM.L vs. SSO

Return for Risk

EPP vs. DEM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EPP
EPP Risk / Return Rank: 3232
Overall Rank
EPP Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
EPP Sortino Ratio Rank: 2929
Sortino Ratio Rank
EPP Omega Ratio Rank: 2929
Omega Ratio Rank
EPP Calmar Ratio Rank: 3838
Calmar Ratio Rank
EPP Martin Ratio Rank: 3636
Martin Ratio Rank
DEM.L
DEM.L Risk / Return Rank: 7979
Overall Rank
DEM.L Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
DEM.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
DEM.L Omega Ratio Rank: 7373
Omega Ratio Rank
DEM.L Calmar Ratio Rank: 8787
Calmar Ratio Rank
DEM.L Martin Ratio Rank: 8383
Martin Ratio Rank
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.

EPP vs. DEM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex Japan ETF (EPP) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

EPPDEM.LDifference
Sharpe ratioReturn per unit of total volatility
0.96
1.81

-0.85

Sortino ratioReturn per unit of downside risk
1.40
2.53

-1.13

Omega ratioGain probability vs. loss probability

1.18

1.33

-0.15

Calmar ratioReturn relative to maximum drawdown

1.65

3.44

-1.79

Martin ratioReturn relative to average drawdown

4.95

10.88

-5.94

EPP vs. DEM.L - Sharpe Ratio Comparison

The current EPP Sharpe Ratio is 0.96, which is lower than the DEM.L Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of EPP and DEM.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.

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Drawdowns

EPP vs. DEM.L - Drawdown Comparison

The maximum EPP drawdown since its inception was -66.01%, which is greater than DEM.L's maximum drawdown of -59.39%. Use the drawdown chart below to compare losses from any high point for EPP and DEM.L.

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Drawdown Indicators

EPPDEM.LDifference

Max Drawdown

Largest peak-to-trough decline

-66.01%

-59.39%

-6.62%

Max Drawdown (1Y)

Largest decline over 1 year

-8.79%

-7.73%

-1.06%

Max Drawdown (3Y)

Largest decline over 3 years

-19.29%

-14.39%

-4.90%

Max Drawdown (5Y)

Largest decline over 5 years

-25.31%

-27.85%

+2.54%

Max Drawdown (10Y)

Largest decline over 10 years

-39.30%

-38.29%

-1.01%

Current Drawdown

Current decline from peak

-3.64%

-1.02%

-2.62%

Average Drawdown

Average peak-to-trough decline

-10.61%

-25.04%

+14.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.93%

2.44%

+0.49%

Volatility

EPP vs. DEM.L - Volatility Comparison

iShares MSCI Pacific ex Japan ETF (EPP) and WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.L) have volatilities of 5.46% and 5.73%, 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.

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Volatility by Period

EPPDEM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.46%

5.73%

-0.27%

Volatility (6M)

Calculated over the trailing 6-month period

12.74%

11.56%

+1.18%

Volatility (1Y)

Calculated over the trailing 1-year period

15.18%

14.71%

+0.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.51%

15.31%

+2.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.14%

16.99%

+2.15%

EPP vs. DEM.L - Expense Ratio Comparison

EPP has a 0.48% expense ratio, which is higher than DEM.L's 0.46% expense ratio.

Dividends

EPP vs. DEM.L - Dividend Comparison

EPP's dividend yield for the trailing twelve months is around 3.47%, less than DEM.L's 3.72% yield.

PositionTTM20252024202320222021202020192018201720162015
DEM.L
WisdomTree Emerging Markets Equity Income UCITS ETF		3.72%4.47%7.67%7.00%7.05%4.14%4.77%4.33%4.19%3.15%1.49%4.55%
EPP
iShares MSCI Pacific ex Japan ETF		3.47%3.77%3.81%4.10%4.37%4.58%2.28%3.89%5.00%4.15%3.96%4.90%

Frequently Asked Questions

EPP and DEM.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, DEM.L is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.

DEM.L is cheaper with a 0.46% expense ratio, compared with 0.48% for EPP.

EPP is categorized as Asia Pacific Equities, while DEM.L is Emerging Markets Equities. EPP tracks MSCI Pacific ex-Japan Index, while DEM.L tracks MSCI EM NR USD. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.48% for EPP and 0.46% for DEM.L.

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