IMVP vs. DEM
IMVP (Invesco India ETF) and DEM (WisdomTree Emerging Markets Equity Income Fund) are both Emerging Markets Equities funds - IMVP tracks the FTSE India Quality and Yield Select Index while DEM tracks the WisdomTree Emerging Markets Equity income Index. Both are passively managed. Over the past 10 years, IMVP returned 8.91%/yr vs 10.40%/yr for DEM. A 0.66 correlation means they provide meaningful diversification when combined. IMVP charges 0.78%/yr vs 0.63%/yr for DEM.
Performance
IMVP vs. DEM - Performance Comparison
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Returns By Period
In the year-to-date period, IMVP achieves a -14.10% return, which is significantly lower than DEM's 16.82% return. Over the past 10 years, IMVP has underperformed DEM with an annualized return of 8.91%, while DEM has yielded a comparatively higher 10.40% annualized return.
IMVP
- 1D
- 0.84%
- 1M
- -0.09%
- YTD
- -14.10%
- 6M
- -14.07%
- 1Y
- -15.51%
- 3Y*
- 3.57%
- 5Y*
- 3.16%
- 10Y*
- 8.91%
DEM
- 1D
- -1.09%
- 1M
- 0.48%
- YTD
- 16.82%
- 6M
- 16.94%
- 1Y
- 24.81%
- 3Y*
- 17.87%
- 5Y*
- 9.35%
- 10Y*
- 10.40%
IMVP vs. DEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | -14.10% | 1.30% | 9.07% | 22.82% | -9.35% | 23.68% | 18.41% | 14.26% | -7.55% | 38.51% |
DEM WisdomTree Emerging Markets Equity Income Fund | 16.82% | 21.29% | 4.46% | 20.93% | -10.43% | 11.49% | -5.84% | 19.84% | -7.69% | 26.26% |
Correlation
The correlation between IMVP and DEM is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2008 | 0.66 |
The correlation between IMVP and DEM shifts across timeframes, from 0.46 (3 years) to 0.66 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IMVP vs. DEM — Risk / Return Rank
IMVP
DEM
IMVP vs. DEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) 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.
| IMVP | DEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -3.72 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.32 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 3.16 | -3.88 |
| Martin ratioReturn relative to average drawdown | -1.54 | 10.74 | -12.28 |
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Drawdowns
IMVP vs. DEM - Drawdown Comparison
The maximum IMVP drawdown since its inception was -64.54%, which is greater than DEM's maximum drawdown of -51.85%. Use the drawdown chart below to compare losses from any high point for IMVP and DEM.
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Drawdown Indicators
| IMVP | DEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.54% | -51.85% | -12.69% |
Max Drawdown (1Y)Largest decline over 1 year | -21.44% | -7.89% | -13.55% |
Max Drawdown (3Y)Largest decline over 3 years | -25.80% | -15.64% | -10.16% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -27.18% | +1.38% |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | -37.79% | -1.90% |
Current DrawdownCurrent decline from peak | -21.91% | -3.77% | -18.14% |
Average DrawdownAverage peak-to-trough decline | -16.72% | -12.87% | -3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.11% | 2.31% | +7.80% |
Volatility
IMVP vs. DEM - Volatility Comparison
The current volatility for Invesco India ETF (IMVP) is 5.44%, while WisdomTree Emerging Markets Equity Income Fund (DEM) has a volatility of 6.36%. This indicates that IMVP 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.
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Volatility by Period
| IMVP | DEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 6.36% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 14.46% | 12.46% | +2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.45% | 14.38% | +2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 15.49% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.53% | 17.87% | +1.66% |
IMVP vs. DEM - Expense Ratio Comparison
IMVP has a 0.78% expense ratio, which is higher than DEM's 0.63% expense ratio.
Dividends
IMVP vs. DEM - Dividend Comparison
IMVP's dividend yield for the trailing twelve months is around 11.73%, more than DEM's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEM WisdomTree Emerging Markets Equity Income Fund | 3.86% | 4.88% | 5.24% | 5.49% | 8.62% | 5.87% | 4.21% | 4.78% | 4.47% | 3.67% | 3.63% | 5.21% |
IMVP Invesco India ETF | 11.73% | 7.39% | 8.48% | 2.08% | 14.07% | 6.95% | 0.72% | 36.35% | 0.96% | 1.01% | 1.18% | 0.61% |
Frequently Asked Questions
IMVP and DEM have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEM has higher volatility (6.36%) compared to IMVP (5.44%). In terms of maximum drawdown, IMVP dropped -64.54% vs DEM's -51.85%.
On 10-year performance, DEM leads with 10.40% vs 8.91% for IMVP. On fees, DEM is cheaper at 0.63% per year. On volatility, IMVP has been the lower-risk option at 5.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DEM has performed better with a 10.40% return vs 8.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DEM is cheaper with a 0.63% expense ratio, compared with 0.78% for IMVP.
IMVP has the higher dividend yield at 11.73%, compared with 3.86% for DEM.
IMVP tracks FTSE India Quality and Yield Select Index, while DEM tracks WisdomTree Emerging Markets Equity income Index. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.78% for IMVP and 0.63% for DEM.
DEM currently has the higher Sharpe Ratio (1.74 vs -0.95), 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.
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