PXH vs. DEM
Compare and contrast key facts about Invesco FTSE RAFI Emerging Markets ETF (PXH) and WisdomTree Emerging Markets Equity Income Fund (DEM).
PXH and DEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PXH is a passively managed fund by Invesco that tracks the performance of the FTSE RAFI Emerging Markets Index. It was launched on Sep 27, 2007. 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 PXH 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: PXH or DEM.
Key characteristics
| PXH | DEM | |
|---|---|---|
| YTD Return | 6.53% | 5.31% |
| 1Y Return | 17.31% | 19.81% |
| 3Y Return (Ann) | 1.25% | 4.93% |
| 5Y Return (Ann) | 2.86% | 5.18% |
| 10Y Return (Ann) | 3.67% | 3.69% |
| Sharpe Ratio | 1.12 | 1.46 |
| Daily Std Dev | 15.27% | 13.64% |
| Max Drawdown | -63.63% | -51.85% |
| Current Drawdown | -4.21% | -0.63% |
Correlation
The correlation between PXH and DEM is 0.92, 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.
Performance
PXH vs. DEM - Performance Comparison
In the year-to-date period, PXH achieves a 6.53% return, which is significantly higher than DEM's 5.31% return. Both investments have delivered pretty close results over the past 10 years, with PXH having a 3.67% annualized return and DEM not far ahead at 3.69%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PXH vs. DEM - Expense Ratio Comparison
PXH has a 0.50% expense ratio, which is lower than DEM's 0.63% expense ratio.
Risk-Adjusted Performance
PXH vs. DEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Emerging Markets ETF (PXH) 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
PXH vs. DEM - Dividend Comparison
PXH's dividend yield for the trailing twelve months is around 4.26%, less than DEM's 5.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXH Invesco FTSE RAFI Emerging Markets ETF | 4.26% | 4.84% | 5.33% | 4.69% | 2.79% | 3.28% | 3.30% | 2.74% | 1.97% | 3.44% | 3.19% | 2.80% |
DEM WisdomTree Emerging Markets Equity Income Fund | 5.54% | 5.49% | 8.62% | 5.87% | 4.21% | 4.79% | 4.47% | 3.67% | 3.63% | 5.21% | 5.51% | 4.10% |
Drawdowns
PXH vs. DEM - Drawdown Comparison
The maximum PXH drawdown since its inception was -63.63%, which is greater than DEM's maximum drawdown of -51.85%. Use the drawdown chart below to compare losses from any high point for PXH and DEM. For additional features, visit the drawdowns tool.
Volatility
PXH vs. DEM - Volatility Comparison
Invesco FTSE RAFI Emerging Markets ETF (PXH) has a higher volatility of 5.06% compared to WisdomTree Emerging Markets Equity Income Fund (DEM) at 4.08%. This indicates that PXH's price experiences larger fluctuations and is considered to be riskier than DEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.