HDEM.L vs. WTEI.DE

Last updated Apr 2, 2026

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

HDEM.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. HDEM.L is a passively managed fund by Invesco that tracks the performance of the MSCI EM NR USD. 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 HDEM.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

HDEM.L vs. WTEI.DE - Performance Comparison

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HDEM.L Invesco FTSE EM High Dividend Low Volatility UCITS ETF	10.81%	18.32%	3.92%	3.74%	-6.39%	15.10%	8.75%
WTEI.DE WisdomTree Emerging Markets Equity Income UCITS ETF	6.93%	13.37%	7.03%	14.61%	-2.09%	14.03%	6.72%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, HDEM.L achieves a 10.81% return, which is significantly higher than WTEI.DE's 6.93% return.

HDEM.L

• 1D: 1.09%
• 1M: 0.16%
• YTD: 10.81%
• 6M: 17.50%
• 1Y: 28.14%
• 3Y*: 12.85%
• 5Y*: 7.50%
• 10Y*: —

WTEI.DE

• 1D: 1.09%
• 1M: -1.17%
• YTD: 6.93%
• 6M: 10.13%
• 1Y: 19.09%
• 3Y*: 12.94%
• 5Y*: 9.27%
• 10Y*: —

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

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

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

HDEM.L

Invesco FTSE EM High Dividend Low Volatility UCITS ETF

WTEI.DE

WisdomTree Emerging Markets Equity Income UCITS ETF

Return for Risk

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

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

HDEM.L

HDEM.L Risk / Return Rank: 95
HDEM.L Sharpe Ratio Rank: 95
HDEM.L Sortino Ratio Rank: 96
HDEM.L Omega Ratio Rank: 93
HDEM.L Calmar Ratio Rank: 96
HDEM.L Martin Ratio Rank: 95

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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE EM High Dividend Low Volatility UCITS ETF (HDEM.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.

	HDEM.L	WTEI.DE	Difference
Sharpe ratio Return per unit of total volatility	2.47	1.36	+1.10
Sortino ratio Return per unit of downside risk	3.34	1.87	+1.47
Omega ratio Gain probability vs. loss probability	1.44	1.26	+0.17
Calmar ratio Return relative to maximum drawdown	4.78	2.59	+2.20
Martin ratio Return relative to average drawdown	16.10	10.24	+5.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current HDEM.L Sharpe Ratio is 2.47, which is higher than the WTEI.DE Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of HDEM.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

	HDEM.L	WTEI.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	1.36	+1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.68	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.74	-0.17

Correlation

The correlation between HDEM.L and WTEI.DE is 0.71, 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

HDEM.L vs. WTEI.DE - Dividend Comparison

HDEM.L's dividend yield for the trailing twelve months is around 4.75%, more than WTEI.DE's 4.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDEM.L Invesco FTSE EM High Dividend Low Volatility UCITS ETF	4.75%	5.17%	5.62%	6.08%	8.93%	5.96%	4.31%	5.23%	5.37%	6.81%	2.78%	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

HDEM.L vs. WTEI.DE - Drawdown Comparison

The maximum HDEM.L drawdown since its inception was -32.18%, which is greater than WTEI.DE's maximum drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for HDEM.L and WTEI.DE.

Drawdown Indicators

	HDEM.L	WTEI.DE	Difference
Max Drawdown Largest peak-to-trough decline	-32.18%	-16.73%	-15.45%
Max Drawdown (1Y) Largest decline over 1 year	-7.64%	-12.42%	+4.78%
Max Drawdown (5Y) Largest decline over 5 years	-18.05%	-16.73%	-1.32%
Current Drawdown Current decline from peak	-0.76%	-3.27%	+2.51%
Average Drawdown Average peak-to-trough decline	-6.92%	-4.10%	-2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	1.90%	-0.11%

Volatility

HDEM.L vs. WTEI.DE - Volatility Comparison

The current volatility for Invesco FTSE EM High Dividend Low Volatility UCITS ETF (HDEM.L) is 3.86%, while WisdomTree Emerging Markets Equity Income UCITS ETF (WTEI.DE) has a volatility of 4.32%. This indicates that HDEM.L experiences smaller price fluctuations and is considered to be less risky than WTEI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDEM.L	WTEI.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	4.32%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	8.09%	9.76%	-1.67%
Volatility (1Y) Calculated over the trailing 1-year period	11.38%	13.95%	-2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.57%	13.59%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.90%	13.89%	+2.01%