FEMU.L vs. DEM.L

Last updated Jul 16, 2026

FEMU.L (First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation) and DEM.L (WisdomTree Emerging Markets Equity Income UCITS ETF) are both Emerging Markets Equities funds - FEMU.L tracks the First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation while DEM.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 10 years, FEMU.L returned 8.14%/yr vs 8.37%/yr for DEM.L. A 0.76 correlation means they provide meaningful diversification when combined.

Performance

FEMU.L vs. DEM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation (FEMU.L) and WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FEMU.L 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, FEMU.L achieves a 15.81% return, which is significantly lower than DEM.L's 17.25% return. Both investments have delivered pretty close results over the past 10 years, with FEMU.L having a 8.14% annualized return and DEM.L not far ahead at 8.37%.

FEMU.L

• 1D: 0.66%
• 1M: -3.00%
• 6M: 10.14%
• YTD: 15.81%
• 1Y: 31.69%
• 3Y*: 16.05%
• 5Y*: 7.12%
• 10Y*: 8.14%

DEM.L

• 1D: 0.64%
• 1M: -3.03%
• 6M: 14.97%
• YTD: 17.25%
• 1Y: 21.55%
• 3Y*: 16.93%
• 5Y*: 10.30%
• 10Y*: 8.37%

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

FEMU.L vs. DEM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEMU.L First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation	15.81%	27.57%	3.49%	10.14%	-13.81%	7.06%	-0.52%	18.78%	-14.90%	38.13%
DEM.L WisdomTree Emerging Markets Equity Income UCITS ETF	17.25%	21.21%	5.07%	20.84%	-13.01%	14.12%	-6.70%	15.65%	-11.40%	24.71%

Correlation

The correlation between FEMU.L and DEM.L is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Nov 14, 2014	0.76

The correlation between FEMU.L and DEM.L shifts across timeframes, from 0.65 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FEMU.L vs. DEM.L — Risk / Return Rank

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

FEMU.L

FEMU.L Risk / Return Rank: 66
FEMU.L Sharpe Ratio Rank: 59
FEMU.L Sortino Ratio Rank: 58
FEMU.L Omega Ratio Rank: 55
FEMU.L Calmar Ratio Rank: 89
FEMU.L Martin Ratio Rank: 71

DEM.L

DEM.L Risk / Return Rank: 59
DEM.L Sharpe Ratio Rank: 53
DEM.L Sortino Ratio Rank: 52
DEM.L Omega Ratio Rank: 50
DEM.L Calmar Ratio Rank: 74
DEM.L Martin Ratio Rank: 65

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.

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

This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation (FEMU.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.

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.

	FEMU.L	DEM.L	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.42	+0.19
Sortino ratio: Return per unit of downside risk	2.24	1.99	+0.25
Omega ratio: Gain probability vs. loss probability	1.28	1.26	+0.02
Calmar ratio: Return relative to maximum drawdown	4.13	2.78	+1.35
Martin ratio: Return relative to average drawdown	10.36	8.34	+2.02

FEMU.L vs. DEM.L - Sharpe Ratio Comparison

The current FEMU.L Sharpe Ratio is 1.61, which is comparable to the DEM.L Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of FEMU.L 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.

Drawdowns

FEMU.L vs. DEM.L - Drawdown Comparison

The maximum FEMU.L drawdown since its inception was -45.58%, smaller than the maximum DEM.L drawdown of -59.39%. Use the drawdown chart below to compare losses from any high point for FEMU.L and DEM.L.

Drawdown Indicators

	FEMU.L	DEM.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.58%	-59.39%	+13.81%
Max Drawdown (1Y) Largest decline over 1 year	-7.64%	-7.73%	+0.09%
Max Drawdown (3Y) Largest decline over 3 years	-17.61%	-14.39%	-3.22%
Max Drawdown (5Y) Largest decline over 5 years	-31.08%	-27.85%	-3.23%
Max Drawdown (10Y) Largest decline over 10 years	-45.58%	-40.19%	-5.39%
Current Drawdown Current decline from peak	-4.88%	-3.03%	-1.85%
Average Drawdown Average peak-to-trough decline	-12.39%	-28.51%	+16.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	2.58%	+0.47%

Volatility

FEMU.L vs. DEM.L - Volatility Comparison

First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation (FEMU.L) has a higher volatility of 7.82% compared to WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.L) at 5.91%. This indicates that FEMU.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.

Volatility by Period

	FEMU.L	DEM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.82%	5.91%	+1.91%
Volatility (6M) Calculated over the trailing 6-month period	16.32%	12.83%	+3.49%
Volatility (1Y) Calculated over the trailing 1-year period	19.61%	15.10%	+4.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.31%	15.49%	+3.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.52%	16.99%	+3.53%

Dividends

FEMU.L vs. DEM.L - Dividend Comparison

FEMU.L has not paid dividends to shareholders, while DEM.L's dividend yield for the trailing twelve months is around 3.70%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEM.L WisdomTree Emerging Markets Equity Income UCITS ETF	3.70%	4.47%	7.67%	7.00%	7.05%	4.14%	4.77%	1.46%	0.00%	2.15%	1.49%	4.55%
FEMU.L First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation	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

Can I hold both FEMU.L and DEM.L in my portfolio?

FEMU.L and DEM.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between FEMU.L and DEM.L?

FEMU.L tracks First Trust Emerging Markets AlphaDEX UCITS ETF Class A Accumulation, while DEM.L tracks MSCI EM NR USD. They also come from different issuers: First Trust and WisdomTree.