IUVL.L vs. DEMD.L
IUVL.L (iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc)) and DEMD.L (WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist)) are both exchange-traded funds - IUVL.L is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index, while DEMD.L is a Emerging Markets Equities fund tracking the WisdomTree Emerging Markets High Dividend UCITS Index. Both are passively managed. Over the past 5 years, IUVL.L returned 15.72%/yr vs 10.01%/yr for DEMD.L. A 0.59 correlation means they provide meaningful diversification when combined. IUVL.L charges 0.20%/yr vs 0.46%/yr for DEMD.L.
Performance
IUVL.L vs. DEMD.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUVL.L achieves a 40.02% return, which is significantly higher than DEMD.L's 15.99% return.
IUVL.L
- 1D
- -2.03%
- 1M
- -5.33%
- 6M
- 34.26%
- YTD
- 40.02%
- 1Y
- 70.71%
- 3Y*
- 29.13%
- 5Y*
- 15.72%
- 10Y*
- —
DEMD.L
- 1D
- -0.71%
- 1M
- -4.33%
- 6M
- 13.70%
- YTD
- 15.99%
- 1Y
- 21.23%
- 3Y*
- 16.53%
- 5Y*
- 10.01%
- 10Y*
- 8.89%
IUVL.L vs. DEMD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUVL.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) | 40.02% | 33.10% | 6.39% | 14.59% | -14.87% | 29.80% | -1.49% | 25.93% | -12.11% | 21.68% |
DEMD.L WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) | 15.99% | 20.91% | 5.26% | 21.17% | -12.75% | 13.36% | -6.14% | 18.40% | -7.50% | 25.04% |
Correlation
The correlation between IUVL.L and DEMD.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | 0.59 |
The correlation between IUVL.L and DEMD.L has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
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Return for Risk
IUVL.L vs. DEMD.L — Risk / Return Rank
IUVL.L
DEMD.L
IUVL.L vs. DEMD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) (IUVL.L) and WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) (DEMD.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.
| IUVL.L | DEMD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.30 | ||
| Sortino ratioReturn per unit of downside risk | +2.96 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.26 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 8.31 | 2.75 | +5.56 |
| Martin ratioReturn relative to average drawdown | 29.51 | 8.20 | +21.31 |
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Drawdowns
IUVL.L vs. DEMD.L - Drawdown Comparison
The maximum IUVL.L drawdown since its inception was -39.73%, roughly equal to the maximum DEMD.L drawdown of -40.46%. Use the drawdown chart below to compare losses from any high point for IUVL.L and DEMD.L.
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Drawdown Indicators
| IUVL.L | DEMD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.73% | -40.46% | +0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -7.63% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -18.93% | -14.59% | -4.34% |
Max Drawdown (5Y)Largest decline over 5 years | -26.70% | -27.69% | +0.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.40% | — |
Current DrawdownCurrent decline from peak | -6.06% | -4.33% | -1.73% |
Average DrawdownAverage peak-to-trough decline | -7.23% | -10.04% | +2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 2.56% | -0.17% |
Volatility
IUVL.L vs. DEMD.L - Volatility Comparison
iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) (IUVL.L) has a higher volatility of 7.56% compared to WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) (DEMD.L) at 4.52%. This indicates that IUVL.L's price experiences larger fluctuations and is considered to be riskier than DEMD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUVL.L | DEMD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 4.52% | +3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 16.11% | 12.03% | +4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 14.23% | +4.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.26% | 15.05% | +3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.09% | 16.67% | +2.42% |
IUVL.L vs. DEMD.L - Expense Ratio Comparison
IUVL.L has a 0.20% expense ratio, which is lower than DEMD.L's 0.46% expense ratio.
Dividends
IUVL.L vs. DEMD.L - Dividend Comparison
IUVL.L has not paid dividends to shareholders, while DEMD.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEMD.L WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) | 3.70% | 4.42% | 7.88% | 6.68% | 7.48% | 4.20% | 4.51% | 4.13% | 4.39% | 1.98% | 1.68% | 4.75% |
IUVL.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) | 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
IUVL.L and DEMD.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUVL.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUVL.L is cheaper with a 0.20% expense ratio, compared with 0.46% for DEMD.L.
IUVL.L is categorized as Large Cap Value Equities, while DEMD.L is Emerging Markets Equities. IUVL.L tracks MSCI USA Enhanced Value Index, while DEMD.L tracks WisdomTree Emerging Markets High Dividend UCITS Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.20% for IUVL.L and 0.46% for DEMD.L.
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