MFEM vs. DEM
Compare and contrast key facts about PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) and WisdomTree Emerging Markets Equity Income Fund (DEM).
MFEM and DEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MFEM is a passively managed fund by PIMCO that tracks the performance of the RAFI Dynamic Multi-Factor Emerging Market Index. It was launched on Aug 31, 2017. DEM is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Emerging Markets Equity income Index. It was launched on Jul 13, 2007. Both MFEM and DEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MFEM or DEM.
Performance
MFEM vs. DEM - Performance Comparison
Returns By Period
In the year-to-date period, MFEM achieves a 7.20% return, which is significantly higher than DEM's 6.29% return.
MFEM
7.20%
-3.94%
-0.69%
13.19%
5.44%
N/A
DEM
6.29%
-4.30%
-2.19%
11.77%
5.14%
3.99%
Key characteristics
| MFEM | DEM | |
|---|---|---|
| Sharpe Ratio | 0.87 | 0.78 |
| Sortino Ratio | 1.28 | 1.16 |
| Omega Ratio | 1.16 | 1.15 |
| Calmar Ratio | 0.76 | 1.20 |
| Martin Ratio | 3.89 | 3.47 |
| Ulcer Index | 3.25% | 3.28% |
| Daily Std Dev | 14.46% | 14.56% |
| Max Drawdown | -42.28% | -51.85% |
| Current Drawdown | -7.65% | -8.24% |
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MFEM vs. DEM - Expense Ratio Comparison
MFEM has a 0.49% expense ratio, which is lower than DEM's 0.63% expense ratio.
Correlation
The correlation between MFEM and DEM is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
MFEM vs. DEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) 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.
Dividends
MFEM vs. DEM - Dividend Comparison
MFEM's dividend yield for the trailing twelve months is around 5.60%, more than DEM's 5.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 5.60% | 4.01% | 7.01% | 29.96% | 1.70% | 2.37% | 2.99% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% |
DEM WisdomTree Emerging Markets Equity Income Fund | 5.40% | 5.49% | 8.62% | 5.87% | 4.21% | 4.78% | 4.47% | 3.67% | 3.63% | 5.21% | 5.51% | 4.10% |
Drawdowns
MFEM vs. DEM - Drawdown Comparison
The maximum MFEM drawdown since its inception was -42.28%, smaller than the maximum DEM drawdown of -51.85%. Use the drawdown chart below to compare losses from any high point for MFEM and DEM. For additional features, visit the drawdowns tool.
Volatility
MFEM vs. DEM - Volatility Comparison
PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) and WisdomTree Emerging Markets Equity Income Fund (DEM) have volatilities of 4.53% and 4.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.