IPOL.L vs. DEMS.L
IPOL.L (iShares MSCI Poland UCITS ETF USD (Acc)) and DEMS.L (WisdomTree Emerging Markets Equity Income UCITS ETF Acc) are both Emerging Markets Equities funds - IPOL.L tracks the MSCI Emerging - Poland in Net USD while DEMS.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, IPOL.L returned 14.78%/yr vs 9.70%/yr for DEMS.L. A 0.55 correlation means they provide meaningful diversification when combined. IPOL.L charges 0.74%/yr vs 0.46%/yr for DEMS.L.
Performance
IPOL.L vs. DEMS.L - Performance Comparison
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Different Trading Currencies
IPOL.L is traded in USD, while DEMS.L is traded in GBp. To make them comparable, the DEMS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with IPOL.L having a 14.81% return and DEMS.L slightly lower at 14.39%.
IPOL.L
- 1D
- -1.18%
- 1M
- -2.95%
- 6M
- 12.69%
- YTD
- 14.81%
- 1Y
- 30.84%
- 3Y*
- 28.08%
- 5Y*
- 14.78%
- 10Y*
- 9.64%
DEMS.L
- 1D
- -1.09%
- 1M
- -4.34%
- 6M
- 11.75%
- YTD
- 14.39%
- 1Y
- 18.71%
- 3Y*
- 16.01%
- 5Y*
- 9.70%
- 10Y*
- —
IPOL.L vs. DEMS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPOL.L iShares MSCI Poland UCITS ETF USD (Acc) | 14.81% | 72.75% | -6.10% | 49.20% | -26.61% | 6.83% | -11.21% | -6.81% | -12.61% | 54.17% |
DEMS.L WisdomTree Emerging Markets Equity Income UCITS ETF Acc | 14.39% | 20.99% | 5.29% | 20.69% | -13.00% | 14.36% | -6.89% | 19.30% | -3.21% | 19.81% |
Correlation
The correlation between IPOL.L and DEMS.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2016 | 0.55 |
The correlation between IPOL.L and DEMS.L has been stable across timeframes, ranging from 0.54 to 0.56 - a consistent structural relationship.
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Return for Risk
IPOL.L vs. DEMS.L — Risk / Return Rank
IPOL.L
DEMS.L
IPOL.L vs. DEMS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Poland UCITS ETF USD (Acc) (IPOL.L) and WisdomTree Emerging Markets Equity Income UCITS ETF Acc (DEMS.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.
| IPOL.L | DEMS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.38 | +0.55 |
| Martin ratioReturn relative to average drawdown | 6.74 | 7.37 | -0.64 |
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Drawdowns
IPOL.L vs. DEMS.L - Drawdown Comparison
The maximum IPOL.L drawdown since its inception was -68.05%, which is greater than DEMS.L's maximum drawdown of -38.10%. Use the drawdown chart below to compare losses from any high point for IPOL.L and DEMS.L.
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Drawdown Indicators
| IPOL.L | DEMS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.05% | -38.10% | -29.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.48% | -7.84% | -2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -14.77% | -7.66% |
Max Drawdown (5Y)Largest decline over 5 years | -55.92% | -28.11% | -27.81% |
Max Drawdown (10Y)Largest decline over 10 years | -65.79% | — | — |
Current DrawdownCurrent decline from peak | -2.95% | -5.01% | +2.06% |
Average DrawdownAverage peak-to-trough decline | -29.57% | -9.94% | -19.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | 2.53% | +2.04% |
Volatility
IPOL.L vs. DEMS.L - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IPOL.L) has a higher volatility of 5.32% compared to WisdomTree Emerging Markets Equity Income UCITS ETF Acc (DEMS.L) at 4.22%. This indicates that IPOL.L's price experiences larger fluctuations and is considered to be riskier than DEMS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPOL.L | DEMS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 4.22% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 19.48% | 11.57% | +7.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.82% | 13.62% | +11.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.15% | 15.19% | +14.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.40% | 20.93% | +6.47% |
IPOL.L vs. DEMS.L - Expense Ratio Comparison
IPOL.L has a 0.74% expense ratio, which is higher than DEMS.L's 0.46% expense ratio.
Dividends
IPOL.L vs. DEMS.L - Dividend Comparison
Neither IPOL.L nor DEMS.L has paid dividends to shareholders.
Frequently Asked Questions
IPOL.L and DEMS.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEMS.L is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEMS.L is cheaper with a 0.46% expense ratio, compared with 0.74% for IPOL.L.
IPOL.L tracks MSCI Emerging - Poland in Net USD, while DEMS.L tracks MSCI EM NR USD. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.74% for IPOL.L and 0.46% for DEMS.L.
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