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IWFQ.L vs. DEM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWFQ.L vs. DEM

Last updated Jun 9, 2026

IWFQ.L (iShares MSCI World Quality Factor UCITS) and DEM (WisdomTree Emerging Markets Equity Income Fund) are both exchange-traded funds - IWFQ.L is a Global Equities fund tracking the MSCI ACWI NR USD, while DEM is a Emerging Markets Equities fund tracking the WisdomTree Emerging Markets Equity income Index. Both are passively managed. Over the past 10 years, IWFQ.L returned 13.11%/yr vs 10.89%/yr for DEM. At a 0.45 correlation, their price movements are largely independent. IWFQ.L charges 0.30%/yr vs 0.63%/yr for DEM.

Performance

IWFQ.L vs. DEM - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World Quality Factor UCITS (IWFQ.L) and WisdomTree Emerging Markets Equity Income Fund (DEM). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IWFQ.L is traded in GBp, while DEM is traded in USD. To make them comparable, the DEM values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IWFQ.L achieves a 8.04% return, which is significantly lower than DEM's 17.35% return. Over the past 10 years, IWFQ.L has outperformed DEM with an annualized return of 13.11%, while DEM has yielded a comparatively lower 10.89% annualized return.

IWFQ.L

1D
-0.16%
1M
2.84%
YTD
8.04%
6M
8.42%
1Y
20.82%
3Y*
15.56%
5Y*
11.23%
10Y*
13.11%

DEM

1D
0.51%
1M
1.17%
YTD
17.35%
6M
17.64%
1Y
28.60%
3Y*
14.70%
5Y*
10.25%
10Y*
10.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWFQ.L vs. DEM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWFQ.L
iShares MSCI World Quality Factor UCITS		8.04%7.40%18.93%19.15%-9.55%25.17%10.93%25.86%-2.34%12.47%
DEM
WisdomTree Emerging Markets Equity Income Fund		17.35%12.64%6.28%14.89%0.22%12.54%-8.61%15.28%-2.22%15.34%

Correlation

The correlation between IWFQ.L and DEM is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.37

Correlation (3Y)
Calculated over the trailing 3-year period

0.37

Correlation (5Y)
Calculated over the trailing 5-year period

0.35

Correlation (10Y)
Calculated over the trailing 10-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Oct 7, 2014

0.45

IWFQ.L vs. DEM - Sectors Allocation Comparison

Sectors
IWFQ.L
DEM

Technology

32.2%
17.4%

Financial Services

14.1%
21.9%

Industrials

9.8%
9.5%

Healthcare

9.4%
0.6%

Communication Services

9.1%
3.0%

Consumer Cyclical

8.8%
5.0%

Consumer Defensive

5.1%
5.8%

Energy

4.2%
6.1%

Basic Materials

3.3%
3.5%

Utilities

2.5%
3.0%

Real Estate

1.7%
3.0%

Technology

IWFQ.L
32.2%
DEM
17.4%

Financial Services

IWFQ.L
14.1%
DEM
21.9%

Industrials

IWFQ.L
9.8%
DEM
9.5%

Healthcare

IWFQ.L
9.4%
DEM
0.6%

Communication Services

IWFQ.L
9.1%
DEM
3.0%

Consumer Cyclical

IWFQ.L
8.8%
DEM
5.0%

Consumer Defensive

IWFQ.L
5.1%
DEM
5.8%

Energy

IWFQ.L
4.2%
DEM
6.1%

Basic Materials

IWFQ.L
3.3%
DEM
3.5%

Utilities

IWFQ.L
2.5%
DEM
3.0%

Real Estate

IWFQ.L
1.7%
DEM
3.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI World Quality Factor UCITS

WisdomTree Emerging Markets Equity Income Fund

Often compared with IWFQ.L:
IWFQ.L vs. IUQF.LIWFQ.L vs. SWDA.LIWFQ.L vs. GGRA.LIWFQ.L vs. GERD.DEIWFQ.L vs. URTHIWFQ.L vs. GOGB.LIWFQ.L vs. MWMIX
Often compared with DEM:
DEM vs. DVYEDEM vs. EEMDEM vs. FNDEDEM vs. AVEMDEM vs. DGREDEM vs. FEMKXDEM vs. VXUS

Return for Risk

IWFQ.L vs. DEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWFQ.L
IWFQ.L Risk / Return Rank: 7373
Overall Rank
IWFQ.L Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IWFQ.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
IWFQ.L Omega Ratio Rank: 7676
Omega Ratio Rank
IWFQ.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
IWFQ.L Martin Ratio Rank: 7373
Martin Ratio Rank
DEM
DEM Risk / Return Rank: 6767
Overall Rank
DEM Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
DEM Sortino Ratio Rank: 6363
Sortino Ratio Rank
DEM Omega Ratio Rank: 6565
Omega Ratio Rank
DEM Calmar Ratio Rank: 7474
Calmar Ratio Rank
DEM Martin Ratio Rank: 7171
Martin Ratio Rank
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.

IWFQ.L vs. DEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Quality Factor UCITS (IWFQ.L) 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.

IWFQ.LDEMDifference
Sharpe ratioReturn per unit of total volatility
2.13
2.39

-0.26

Sortino ratioReturn per unit of downside risk
3.03
3.25

-0.22

Omega ratioGain probability vs. loss probability

1.40

1.45

-0.05

Calmar ratioReturn relative to maximum drawdown

2.96

4.48

-1.52

Martin ratioReturn relative to average drawdown

12.47

16.57

-4.11

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWFQ.L vs. DEM - Sharpe Ratio Comparison

The current IWFQ.L Sharpe Ratio is 2.13, which is comparable to the DEM Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of IWFQ.L 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.

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Sharpe Ratios by Period

IWFQ.LDEMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.13

2.39

-0.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

0.78

-0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

0.64

+0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.34

+0.07

Drawdowns

IWFQ.L vs. DEM - Drawdown Comparison

The maximum IWFQ.L drawdown since its inception was -40.49%, roughly equal to the maximum DEM drawdown of -41.34%. Use the drawdown chart below to compare losses from any high point for IWFQ.L and DEM.

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Drawdown Indicators

IWFQ.LDEMDifference

Max Drawdown

Largest peak-to-trough decline

-40.49%

-41.34%

+0.85%

Max Drawdown (1Y)

Largest decline over 1 year

-7.01%

-6.41%

-0.60%

Max Drawdown (3Y)

Largest decline over 3 years

-20.20%

-13.58%

-6.62%

Max Drawdown (5Y)

Largest decline over 5 years

-20.20%

-13.77%

-6.43%

Max Drawdown (10Y)

Largest decline over 10 years

-23.91%

-31.47%

+7.56%

Current Drawdown

Current decline from peak

-0.60%

-3.38%

+2.78%

Average Drawdown

Average peak-to-trough decline

-8.99%

-8.75%

-0.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.67%

1.73%

-0.06%

Volatility

IWFQ.L vs. DEM - Volatility Comparison

The current volatility for iShares MSCI World Quality Factor UCITS (IWFQ.L) is 2.35%, while WisdomTree Emerging Markets Equity Income Fund (DEM) has a volatility of 5.12%. This indicates that IWFQ.L 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

IWFQ.LDEMDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.35%

5.12%

-2.77%

Volatility (6M)

Calculated over the trailing 6-month period

7.10%

10.02%

-2.92%

Volatility (1Y)

Calculated over the trailing 1-year period

9.77%

12.06%

-2.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.18%

13.17%

+6.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.33%

17.05%

+0.28%

IWFQ.L vs. DEM - Expense Ratio Comparison

IWFQ.L has a 0.30% expense ratio, which is lower than DEM's 0.63% expense ratio.

Dividends

IWFQ.L vs. DEM - Dividend Comparison

IWFQ.L has not paid dividends to shareholders, while DEM's dividend yield for the trailing twelve months is around 3.88%.

PositionTTM20252024202320222021202020192018201720162015
DEM
WisdomTree Emerging Markets Equity Income Fund		3.88%4.88%5.24%5.49%8.62%5.87%4.21%4.78%4.47%3.67%3.63%5.21%
IWFQ.L
iShares MSCI World Quality Factor UCITS		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

IWFQ.L and DEM have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IWFQ.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IWFQ.L is cheaper with a 0.30% expense ratio, compared with 0.63% for DEM.

IWFQ.L is categorized as Global Equities, while DEM is Emerging Markets Equities. IWFQ.L tracks MSCI ACWI NR USD, while DEM tracks WisdomTree Emerging Markets Equity income Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.30% for IWFQ.L and 0.63% for DEM.

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