UIND.L vs. DEMD.L

Last updated Jul 16, 2026

UIND.L (First Trust US Equity Income UCITS ETF) and DEMD.L (WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist)) are both exchange-traded funds - UIND.L is a Dividend fund tracking the First Trust US Equity Income UCITS ETF, 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, UIND.L returned 10.02%/yr vs 8.89%/yr for DEMD.L. At a 0.41 correlation, their price movements are largely independent.

Performance

UIND.L vs. DEMD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust US Equity Income UCITS ETF (UIND.L) and WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) (DEMD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UIND.L achieves a 17.33% return, which is significantly higher than DEMD.L's 15.99% return. Over the past 10 years, UIND.L has outperformed DEMD.L with an annualized return of 10.02%, while DEMD.L has yielded a comparatively lower 8.89% annualized return.

UIND.L

• 1D: -0.05%
• 1M: 2.08%
• 6M: 14.18%
• YTD: 17.33%
• 1Y: 23.34%
• 3Y*: 15.67%
• 5Y*: -56.37%
• 10Y*: 10.02%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UIND.L vs. DEMD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UIND.L First Trust US Equity Income UCITS ETF	17.33%	7.36%	6.74%	17.10%	-99.07%	12,946.70%	1.16%	17.39%	-8.36%	15.10%
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 UIND.L and DEMD.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Apr 14, 2016	0.41

The correlation between UIND.L and DEMD.L shifts across timeframes, from 0.24 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

UIND.L vs. DEMD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UIND.L

UIND.L Risk / Return Rank: 78
UIND.L Sharpe Ratio Rank: 80
UIND.L Sortino Ratio Rank: 84
UIND.L Omega Ratio Rank: 73
UIND.L Calmar Ratio Rank: 84
UIND.L Martin Ratio Rank: 68

DEMD.L

DEMD.L Risk / Return Rank: 57
DEMD.L Sharpe Ratio Rank: 53
DEMD.L Sortino Ratio Rank: 53
DEMD.L Omega Ratio Rank: 51
DEMD.L Calmar Ratio Rank: 68
DEMD.L Martin Ratio Rank: 58

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.

UIND.L vs. DEMD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust US Equity Income UCITS ETF (UIND.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.

	UIND.L	DEMD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.48	+0.56
Sortino ratio: Return per unit of downside risk	3.05	2.13	+0.92
Omega ratio: Gain probability vs. loss probability	1.34	1.26	+0.08
Calmar ratio: Return relative to maximum drawdown	3.69	2.75	+0.94
Martin ratio: Return relative to average drawdown	9.85	8.20	+1.65

UIND.L vs. DEMD.L - Sharpe Ratio Comparison

The current UIND.L Sharpe Ratio is 2.03, which is higher than the DEMD.L Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of UIND.L and DEMD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UIND.L vs. DEMD.L - Drawdown Comparison

The maximum UIND.L drawdown since its inception was -99.21%, which is greater than DEMD.L's maximum drawdown of -40.46%. Use the drawdown chart below to compare losses from any high point for UIND.L and DEMD.L.

Drawdown Indicators

	UIND.L	DEMD.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.21%	-40.46%	-58.75%
Max Drawdown (1Y) Largest decline over 1 year	-6.83%	-7.63%	+0.80%
Max Drawdown (3Y) Largest decline over 3 years	-21.42%	-14.59%	-6.83%
Max Drawdown (5Y) Largest decline over 5 years	-99.21%	-27.69%	-71.52%
Max Drawdown (10Y) Largest decline over 10 years	-99.21%	-37.40%	-61.81%
Current Drawdown Current decline from peak	-98.61%	-4.33%	-94.28%
Average Drawdown Average peak-to-trough decline	-46.02%	-10.04%	-35.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	2.56%	0.00%

Volatility

UIND.L vs. DEMD.L - Volatility Comparison

The current volatility for First Trust US Equity Income UCITS ETF (UIND.L) is 3.98%, while WisdomTree Emerging Markets High Dividend UCITS ETF USD (Dist) (DEMD.L) has a volatility of 4.52%. This indicates that UIND.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.

Volatility by Period

	UIND.L	DEMD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	4.52%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	8.53%	12.03%	-3.50%
Volatility (1Y) Calculated over the trailing 1-year period	12.48%	14.23%	-1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.78%	15.05%	+32.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3,136.02%	16.67%	+3,119.35%

Dividends

UIND.L vs. DEMD.L - Dividend Comparison

UIND.L's dividend yield for the trailing twelve months is around 2.78%, 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%
UIND.L First Trust US Equity Income UCITS ETF	2.78%	3.00%	2.90%	3.14%	3.27%	0.02%	3.14%	3.04%	3.14%	2.42%	1.69%	0.00%

Frequently Asked Questions

Can I hold both UIND.L and DEMD.L in my portfolio?

UIND.L and DEMD.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between UIND.L and DEMD.L?

UIND.L is categorized as Dividend, while DEMD.L is Emerging Markets Equities. UIND.L tracks First Trust US Equity Income UCITS ETF, while DEMD.L tracks WisdomTree Emerging Markets High Dividend UCITS Index. They also come from different issuers: First Trust and WisdomTree.