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

URTH vs. DEM.L

Last updated Jun 14, 2026

URTH (iShares MSCI World ETF) and DEM.L (WisdomTree Emerging Markets Equity Income UCITS ETF) are both exchange-traded funds - URTH is a Global Equities fund tracking the MSCI World Index (Net), while DEM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 10 years, URTH returned 13.38%/yr vs 10.53%/yr for DEM.L. A 0.55 correlation means they provide meaningful diversification when combined. URTH charges 0.24%/yr vs 0.46%/yr for DEM.L.

Performance

URTH vs. DEM.L - Performance Comparison

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

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, URTH achieves a 8.91% return, which is significantly lower than DEM.L's 18.98% return. Over the past 10 years, URTH has outperformed DEM.L with an annualized return of 13.38%, while DEM.L has yielded a comparatively lower 10.53% annualized return.

URTH

1D
0.39%
1M
1.20%
YTD
8.91%
6M
9.60%
1Y
24.56%
3Y*
19.60%
5Y*
11.45%
10Y*
13.38%

DEM.L

1D
1.76%
1M
5.67%
YTD
18.98%
6M
20.57%
1Y
27.87%
3Y*
17.77%
5Y*
9.90%
10Y*
10.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

URTH vs. DEM.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
URTH
iShares MSCI World ETF		8.91%21.36%18.66%23.95%-17.97%22.27%15.78%28.15%-8.56%22.95%
DEM.L
WisdomTree Emerging Markets Equity Income UCITS ETF		18.98%21.21%5.07%20.84%-13.01%14.12%-6.70%19.36%-7.75%26.07%

Correlation

The correlation between URTH and DEM.L is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.57

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

0.52

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

0.52

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

0.55

The correlation between URTH and DEM.L has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.

URTH vs. DEM.L - Sectors Allocation Comparison

Sectors
URTH
DEM.L

Technology

30.5%
16.7%

Financial Services

15.3%
25.5%

Industrials

10.8%
11.7%

Healthcare

8.9%
2.0%

Consumer Cyclical

8.8%
8.7%

Communication Services

8.6%
5.5%

Consumer Defensive

5.0%
8.9%

Energy

4.0%
4.8%

Basic Materials

3.3%
6.5%

Utilities

2.8%
4.8%

Real Estate

1.7%
5.0%

Technology

URTH
30.5%
DEM.L
16.7%

Financial Services

URTH
15.3%
DEM.L
25.5%

Industrials

URTH
10.8%
DEM.L
11.7%

Healthcare

URTH
8.9%
DEM.L
2.0%

Consumer Cyclical

URTH
8.8%
DEM.L
8.7%

Communication Services

URTH
8.6%
DEM.L
5.5%

Consumer Defensive

URTH
5.0%
DEM.L
8.9%

Energy

URTH
4.0%
DEM.L
4.8%

Basic Materials

URTH
3.3%
DEM.L
6.5%

Utilities

URTH
2.8%
DEM.L
4.8%

Real Estate

URTH
1.7%
DEM.L
5.0%

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 ETF

WisdomTree Emerging Markets Equity Income UCITS ETF

Often compared with URTH:
URTH vs. VTURTH vs. IWDA.LURTH vs. SPYURTH vs. VOOURTH vs. XWD.TOURTH vs. BRK-BURTH vs. VXUS
Often compared with DEM.L:
DEM.L vs. JEPG.LDEM.L vs. IEMGDEM.L vs. VEVE.ASDEM.L vs. IWRD.LDEM.L vs. QQQMDEM.L vs. QGRWDEM.L vs. SSO

Return for Risk

URTH vs. DEM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
URTH
URTH Risk / Return Rank: 6464
Overall Rank
URTH Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
URTH Sortino Ratio Rank: 6464
Sortino Ratio Rank
URTH Omega Ratio Rank: 6363
Omega Ratio Rank
URTH Calmar Ratio Rank: 5959
Calmar Ratio Rank
URTH Martin Ratio Rank: 7171
Martin Ratio Rank
DEM.L
DEM.L Risk / Return Rank: 7979
Overall Rank
DEM.L Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
DEM.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
DEM.L Omega Ratio Rank: 7373
Omega Ratio Rank
DEM.L Calmar Ratio Rank: 8787
Calmar Ratio Rank
DEM.L Martin Ratio Rank: 8383
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ETF (URTH) and WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.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.

URTHDEM.LDifference
Sharpe ratioReturn per unit of total volatility
1.85
1.81

+0.04

Sortino ratioReturn per unit of downside risk
2.55
2.53

+0.02

Omega ratioGain probability vs. loss probability

1.33

1.33

+0.01

Calmar ratioReturn relative to maximum drawdown

2.56

3.44

-0.88

Martin ratioReturn relative to average drawdown

11.37

10.88

+0.49

URTH vs. DEM.L - Sharpe Ratio Comparison

The current URTH Sharpe Ratio is 1.85, which is comparable to the DEM.L Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of URTH and DEM.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.

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Drawdowns

URTH vs. DEM.L - Drawdown Comparison

The maximum URTH drawdown since its inception was -34.01%, smaller than the maximum DEM.L drawdown of -59.39%. Use the drawdown chart below to compare losses from any high point for URTH and DEM.L.

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Drawdown Indicators

URTHDEM.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.01%

-59.39%

+25.38%

Max Drawdown (1Y)

Largest decline over 1 year

-9.06%

-7.73%

-1.33%

Max Drawdown (3Y)

Largest decline over 3 years

-16.94%

-14.39%

-2.55%

Max Drawdown (5Y)

Largest decline over 5 years

-26.05%

-27.85%

+1.80%

Max Drawdown (10Y)

Largest decline over 10 years

-34.01%

-38.29%

+4.28%

Current Drawdown

Current decline from peak

-1.87%

-1.02%

-0.85%

Average Drawdown

Average peak-to-trough decline

-4.37%

-25.04%

+20.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

2.44%

-0.40%

Volatility

URTH vs. DEM.L - Volatility Comparison

The current volatility for iShares MSCI World ETF (URTH) is 4.55%, while WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.L) has a volatility of 5.73%. This indicates that URTH experiences smaller price fluctuations and is considered to be less risky than DEM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

URTHDEM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.55%

5.73%

-1.18%

Volatility (6M)

Calculated over the trailing 6-month period

10.11%

11.56%

-1.45%

Volatility (1Y)

Calculated over the trailing 1-year period

12.57%

14.71%

-2.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.26%

15.31%

+0.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.29%

16.99%

+0.30%

URTH vs. DEM.L - Expense Ratio Comparison

URTH has a 0.24% expense ratio, which is lower than DEM.L's 0.46% expense ratio.

Dividends

URTH vs. DEM.L - Dividend Comparison

URTH's dividend yield for the trailing twelve months is around 1.36%, less than DEM.L's 3.72% yield.

PositionTTM20252024202320222021202020192018201720162015
DEM.L
WisdomTree Emerging Markets Equity Income UCITS ETF		3.72%4.47%7.67%7.00%7.05%4.14%4.77%4.33%4.19%3.15%1.49%4.55%
URTH
iShares MSCI World ETF		1.36%1.48%1.47%1.70%1.68%1.50%1.52%2.16%2.30%1.88%2.15%2.35%

Frequently Asked Questions

URTH and DEM.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, URTH is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

URTH is cheaper with a 0.24% expense ratio, compared with 0.46% for DEM.L.

URTH is categorized as Global Equities, while DEM.L is Emerging Markets Equities. URTH tracks MSCI World Index (Net), while DEM.L tracks MSCI EM NR USD. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.24% for URTH and 0.46% for DEM.L.

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