PSRF.L vs. DEMD.L
PSRF.L (Invesco FTSE RAFI US 1000 UCITS ETF) and DEMD.L (WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist)) are both exchange-traded funds - PSRF.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, 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 10 years, PSRF.L returned 12.78%/yr vs 8.74%/yr for DEMD.L. A 0.56 correlation means they provide meaningful diversification when combined. PSRF.L charges 0.39%/yr vs 0.46%/yr for DEMD.L.
Performance
PSRF.L vs. DEMD.L - Performance Comparison
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Different Trading Currencies
PSRF.L is traded in GBp, while DEMD.L is traded in USD. To make them comparable, the DEMD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with PSRF.L having a 16.46% return and DEMD.L slightly lower at 16.34%. Over the past 10 years, PSRF.L has outperformed DEMD.L with an annualized return of 12.78%, while DEMD.L has yielded a comparatively lower 8.74% annualized return.
PSRF.L
- 1D
- -0.57%
- 1M
- -0.12%
- 6M
- 13.36%
- YTD
- 16.46%
- 1Y
- 27.98%
- 3Y*
- 18.24%
- 5Y*
- 13.22%
- 10Y*
- 12.78%
DEMD.L
- 1D
- 0.00%
- 1M
- -4.50%
- 6M
- 13.81%
- YTD
- 16.34%
- 1Y
- 20.79%
- 3Y*
- 15.48%
- 5Y*
- 10.55%
- 10Y*
- 8.74%
PSRF.L vs. DEMD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSRF.L Invesco FTSE RAFI US 1000 UCITS ETF | 16.46% | 8.58% | 18.11% | 9.53% | 2.89% | 32.90% | 3.20% | 22.49% | -4.21% | 5.28% |
DEMD.L WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) | 16.34% | 12.30% | 7.10% | 15.11% | -2.38% | 14.43% | -8.90% | 13.90% | -2.02% | 14.23% |
Correlation
The correlation between PSRF.L and DEMD.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2014 | 0.56 |
The correlation between PSRF.L and DEMD.L shifts across timeframes, from 0.45 (5 years) to 0.56 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PSRF.L vs. DEMD.L — Risk / Return Rank
PSRF.L
DEMD.L
PSRF.L vs. DEMD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI US 1000 UCITS ETF (PSRF.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.
| PSRF.L | DEMD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.27 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 6.06 | 2.98 | +3.08 |
| Martin ratioReturn relative to average drawdown | 22.07 | 9.65 | +12.42 |
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Drawdowns
PSRF.L vs. DEMD.L - Drawdown Comparison
The maximum PSRF.L drawdown since its inception was -69.49%, which is greater than DEMD.L's maximum drawdown of -36.00%. Use the drawdown chart below to compare losses from any high point for PSRF.L and DEMD.L.
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Drawdown Indicators
| PSRF.L | DEMD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.49% | -36.00% | -33.49% |
Max Drawdown (1Y)Largest decline over 1 year | -4.60% | -6.99% | +2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -12.66% | -5.48% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -14.49% | -3.65% |
Max Drawdown (10Y)Largest decline over 10 years | -29.80% | -29.55% | -0.25% |
Current DrawdownCurrent decline from peak | -1.01% | -5.31% | +4.30% |
Average DrawdownAverage peak-to-trough decline | -14.51% | -6.75% | -7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 2.17% | -0.91% |
Volatility
PSRF.L vs. DEMD.L - Volatility Comparison
The current volatility for Invesco FTSE RAFI US 1000 UCITS ETF (PSRF.L) is 1.83%, while WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) (DEMD.L) has a volatility of 4.16%. This indicates that PSRF.L experiences smaller price fluctuations and is considered to be less risky 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
| PSRF.L | DEMD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 4.16% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 6.48% | 11.16% | -4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.30% | 13.43% | -4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.32% | 13.72% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.40% | 16.33% | -0.93% |
PSRF.L vs. DEMD.L - Expense Ratio Comparison
PSRF.L has a 0.39% expense ratio, which is lower than DEMD.L's 0.46% expense ratio.
Dividends
PSRF.L vs. DEMD.L - Dividend Comparison
PSRF.L's dividend yield for the trailing twelve months is around 1.17%, less than DEMD.L's 3.70% yield.
| 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% |
PSRF.L Invesco FTSE RAFI US 1000 UCITS ETF | 1.17% | 1.37% | 1.46% | 1.59% | 1.70% | 1.29% | 1.78% | 1.67% | 1.78% | 1.60% | 1.51% | 1.65% |
Frequently Asked Questions
PSRF.L and DEMD.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PSRF.L is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSRF.L is cheaper with a 0.39% expense ratio, compared with 0.46% for DEMD.L.
PSRF.L is categorized as Large Cap Value Equities, while DEMD.L is Emerging Markets Equities. PSRF.L tracks Russell 1000 Value TR USD, while DEMD.L tracks WisdomTree Emerging Markets High Dividend UCITS Index. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.39% for PSRF.L and 0.46% for DEMD.L.
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