IHDG vs. DEM

Last updated Aug 2, 2026

IHDG (WisdomTree International Hedged Dividend Growth Fund) and DEM (WisdomTree Emerging Markets Equity Income Fund) are both exchange-traded funds - IHDG is a Foreign Large Cap Equities fund tracking the WisdomTree International Hedged Dividend Growth Index, while DEM is a Dividend fund tracking the WisdomTree Emerging Markets Equity Income Index. Both are passively managed. Over the past 10 years, IHDG returned 10.45%/yr vs 9.26%/yr for DEM. Their 0.61 correlation means they have sometimes moved together and sometimes differently. IHDG charges 0.58%/yr vs 0.63%/yr for DEM.

Performance

IHDG vs. DEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International Hedged Dividend Growth Fund (IHDG) and WisdomTree Emerging Markets Equity Income Fund (DEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IHDG achieves a 9.83% return, which is significantly lower than DEM's 17.08% return. Over the past 10 years, IHDG has outperformed DEM with an annualized return of 10.45%, while DEM has yielded a comparatively lower 9.26% annualized return.

IHDG

• 1D: -0.78%
• 1M: -0.24%
• 6M: 6.52%
• YTD: 9.83%
• 1Y: 22.57%
• 3Y*: 11.71%
• 5Y*: 7.63%
• 10Y*: 10.45%
• ALL TIME*: 9.62%

DEM

• 1D: 0.19%
• 1M: 0.60%
• 6M: 10.28%
• YTD: 17.08%
• 1Y: 24.73%
• 3Y*: 15.88%
• 5Y*: 10.19%
• 10Y*: 9.26%
• ALL TIME*: 4.92%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DEM WisdomTree Emerging Markets Equity Income Fund	$8.90M	$9.48M	$10.87M
IHDG WisdomTree International Hedged Dividend Growth Fund	$6.12M	$5.27M	$6.91M

IHDG vs. DEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IHDG WisdomTree International Hedged Dividend Growth Fund	9.83%	14.17%	5.97%	20.00%	-11.53%	19.75%	10.51%	33.42%	-12.03%	21.93%
DEM WisdomTree Emerging Markets Equity Income Fund	17.08%	21.29%	4.46%	20.93%	-10.43%	11.49%	-5.84%	19.84%	-7.69%	26.26%

Correlation

The correlation between IHDG and DEM is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.65
Correlation (3Y) Balances recent behavior with more history.	0.60
Correlation (5Y) Shows whether the relationship held over a longer period.	0.60
Correlation (10Y) Provides a long-term view across more market conditions.	0.61
Correlation (All Time) Calculated using the full available price history since May 7, 2014	0.61

The correlation between IHDG and DEM has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.

IHDG vs. DEM - Sectors Allocation Comparison

Sectors	IHDG	DEM
Consumer Cyclical	19.6%	5.4%
Industrials	19.3%	8.9%
Financial Services	15.2%	21.9%
Healthcare	9.4%	0.6%
Technology	8.3%	17.5%
Basic Materials	5.4%	3.7%
Consumer Defensive	4.3%	5.8%
Communication Services	4.2%	3.0%
Energy	3.7%	6.2%
Utilities	0.8%	3.0%
Real Estate	0.3%	2.9%

Return for Risk

IHDG vs. DEM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IHDG

IHDG Risk / Return Rank: 61
IHDG Sharpe Ratio Rank: 62
IHDG Sortino Ratio Rank: 63
IHDG Omega Ratio Rank: 61
IHDG Calmar Ratio Rank: 55
IHDG Martin Ratio Rank: 62

DEM

DEM Risk / Return Rank: 75
DEM Sharpe Ratio Rank: 73
DEM Sortino Ratio Rank: 71
DEM Omega Ratio Rank: 72
DEM Calmar Ratio Rank: 84
DEM Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IHDG vs. DEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International Hedged Dividend Growth Fund (IHDG) and WisdomTree Emerging Markets Equity Income Fund (DEM). 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.

	IHDG	DEM	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.66	-0.21
Sortino ratio: Return per unit of downside risk	2.09	2.31	-0.22
Omega ratio: Gain probability vs. loss probability	1.26	1.30	-0.04
Calmar ratio: Return relative to maximum drawdown	1.96	3.15	-1.19
Martin ratio: Return relative to average drawdown	7.40	9.50	-2.10

IHDG vs. DEM - Sharpe Ratio Comparison

The current IHDG Sharpe Ratio is 1.44, which is comparable to the DEM Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of IHDG and DEM, 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

IHDG vs. DEM - Drawdown Comparison

The maximum IHDG drawdown since its inception was -29.24%, smaller than the maximum DEM drawdown of -51.85%. Use the drawdown chart below to compare losses from any high point for IHDG and DEM.

Drawdown Indicators

	IHDG	DEM	Difference
Max Drawdown Largest peak-to-trough decline	-29.24%	-51.85%	+22.61%
Max Drawdown (1Y) Largest decline over 1 year	-10.49%	-7.89%	-2.60%
Max Drawdown (3Y) Largest decline over 3 years	-18.88%	-15.64%	-3.24%
Max Drawdown (5Y) Largest decline over 5 years	-19.52%	-27.18%	+7.66%
Max Drawdown (10Y) Largest decline over 10 years	-29.24%	-37.79%	+8.55%
Current Drawdown Current decline from peak	-1.38%	-3.57%	+2.19%
Average Drawdown Average peak-to-trough decline	-4.00%	-12.82%	+8.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	2.61%	+0.16%

Volatility

IHDG vs. DEM - Volatility Comparison

The current volatility for WisdomTree International Hedged Dividend Growth Fund (IHDG) is 4.09%, while WisdomTree Emerging Markets Equity Income Fund (DEM) has a volatility of 5.12%. This indicates that IHDG experiences smaller price fluctuations and is considered to be less risky than DEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IHDG	DEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	5.12%	-1.03%
Volatility (6M) Calculated over the trailing 6-month period	11.88%	13.28%	-1.40%
Volatility (1Y) Calculated over the trailing 1-year period	14.30%	15.02%	-0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.95%	15.60%	-0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.63%	17.85%	-2.22%

IHDG vs. DEM - Expense Ratio Comparison

IHDG has a 0.58% expense ratio, which is lower than DEM's 0.63% expense ratio.

Dividends

IHDG vs. DEM - Dividend Comparison

IHDG's dividend yield for the trailing twelve months is around 1.81%, less than DEM's 4.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEM WisdomTree Emerging Markets Equity Income Fund	4.18%	4.88%	5.24%	5.49%	8.62%	5.87%	4.21%	4.78%	4.47%	3.67%	3.63%	5.21%
IHDG WisdomTree International Hedged Dividend Growth Fund	1.81%	1.84%	2.42%	1.70%	13.79%	2.77%	1.94%	1.99%	0.22%	1.28%	1.91%	3.04%

Frequently Asked Questions

Can I hold both IHDG and DEM in my portfolio?

IHDG and DEM 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.

Which is riskier, IHDG or DEM?

DEM has higher volatility (5.12%) compared to IHDG (4.09%). In terms of maximum drawdown, IHDG dropped -29.24% vs DEM's -51.85%.

Which ETF is better, IHDG or DEM?

On 10-year performance, IHDG leads with 10.45% vs 9.26% for DEM. On fees, IHDG is cheaper at 0.58% per year. On volatility, IHDG has been the lower-risk option at 4.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IHDG or DEM?

Over the 10-year period, IHDG has performed better with a 10.45% return vs 9.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IHDG or DEM?

IHDG is cheaper with a 0.58% expense ratio, compared with 0.63% for DEM.

Which ETF pays a higher dividend yield, IHDG or DEM?

DEM has the higher dividend yield at 4.18%, compared with 1.81% for IHDG.

What is the main difference between IHDG and DEM?

IHDG is categorized as Foreign Large Cap Equities, while DEM is Dividend. IHDG tracks WisdomTree International Hedged Dividend Growth Index, while DEM tracks WisdomTree Emerging Markets Equity Income Index. Their fees differ too: 0.58% for IHDG and 0.63% for DEM.

Which has better risk-adjusted returns?

DEM currently has the higher Sharpe Ratio (1.66 vs 1.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.