VFEA.L vs. DEM.L
VFEA.L (Vanguard FTSE Emerging Markets UCITS ETF USD Accumulating) and DEM.L (WisdomTree Emerging Markets Equity Income UCITS ETF) are both exchange-traded funds - VFEA.L is a Emerging Markets Equities fund tracking the FTSE Emerging Index, while DEM.L is a Dividend fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, VFEA.L returned 5.58%/yr vs 10.15%/yr for DEM.L. Their correlation of 0.80 suggests significant overlap in exposure. VFEA.L charges 0.17%/yr vs 0.46%/yr for DEM.L.
Performance
VFEA.L vs. DEM.L - Performance Comparison
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Different Trading Currencies
VFEA.L 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, VFEA.L achieves a 7.87% return, which is significantly lower than DEM.L's 15.15% return.
VFEA.L
- 1D
- 0.27%
- 1M
- -1.27%
- 6M
- 2.80%
- YTD
- 7.87%
- 1Y
- 16.96%
- 3Y*
- 14.95%
- 5Y*
- 5.58%
- 10Y*
- —
- ALL TIME*
- 8.17%
DEM.L
- 1D
- -0.15%
- 1M
- -1.89%
- 6M
- 9.80%
- YTD
- 15.15%
- 1Y
- 18.73%
- 3Y*
- 15.03%
- 5Y*
- 10.15%
- 10Y*
- 8.09%
- ALL TIME*
- 1.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $226.72K | $203.09K | $171.72K | |
| $1.71M | $1.76M | $2.44M |
VFEA.L vs. DEM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VFEA.L Vanguard FTSE Emerging Markets UCITS ETF USD Accumulating | 7.87% | 25.75% | 12.39% | 7.29% | -17.29% | -1.19% | 15.18% | 11.06% |
DEM.L WisdomTree Emerging Markets Equity Income UCITS ETF | 15.15% | 21.21% | 5.07% | 20.84% | -13.01% | 14.12% | -6.70% | 9.28% |
Correlation
The correlation between VFEA.L and DEM.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.80 |
The correlation between VFEA.L and DEM.L has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
VFEA.L vs. DEM.L — Risk / Return Rank
VFEA.L
DEM.L
VFEA.L vs. DEM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS ETF USD Accumulating (VFEA.L) 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.
| VFEA.L | DEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.41 | -0.82 |
| Martin ratioReturn relative to average drawdown | 5.07 | 6.94 | -1.87 |
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Drawdowns
VFEA.L vs. DEM.L - Drawdown Comparison
The maximum VFEA.L drawdown since its inception was -36.03%, smaller than the maximum DEM.L drawdown of -59.39%. Use the drawdown chart below to compare losses from any high point for VFEA.L and DEM.L.
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Drawdown Indicators
| VFEA.L | DEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.03% | -59.39% | +23.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -7.73% | -2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -14.39% | -1.79% |
Max Drawdown (5Y)Largest decline over 5 years | -31.33% | -27.85% | -3.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.19% | — |
Current DrawdownCurrent decline from peak | -4.81% | -4.77% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -13.11% | -28.46% | +15.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 2.67% | +0.67% |
Volatility
VFEA.L vs. DEM.L - Volatility Comparison
The current volatility for Vanguard FTSE Emerging Markets UCITS ETF USD Accumulating (VFEA.L) is 5.04%, while WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.L) has a volatility of 5.34%. This indicates that VFEA.L 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
| VFEA.L | DEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 5.34% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 14.92% | 12.89% | +2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.30% | 15.21% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.83% | 15.50% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 16.99% | +2.72% |
VFEA.L vs. DEM.L - Expense Ratio Comparison
VFEA.L has a 0.17% expense ratio, which is lower than DEM.L's 0.46% expense ratio.
Dividends
VFEA.L vs. DEM.L - Dividend Comparison
VFEA.L has not paid dividends to shareholders, while DEM.L's dividend yield for the trailing twelve months is around 3.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEM.L WisdomTree Emerging Markets Equity Income UCITS ETF | 3.70% | 4.47% | 7.67% | 7.00% | 7.05% | 4.14% | 4.77% | 1.46% | 0.00% | 2.15% | 1.49% | 4.55% |
VFEA.L Vanguard FTSE Emerging Markets UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VFEA.L and DEM.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VFEA.L is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VFEA.L is cheaper with a 0.17% expense ratio, compared with 0.46% for DEM.L.
VFEA.L is categorized as Emerging Markets Equities, while DEM.L is Dividend. VFEA.L tracks FTSE Emerging Index, while DEM.L tracks MSCI EM NR USD. They also come from different issuers: Vanguard and WisdomTree. Their fees differ too: 0.17% for VFEA.L and 0.46% for DEM.L.
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