WTEI.DE vs. HDEM.L

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Emerging Markets Equity Income UCITS ETF (WTEI.DE) and Invesco FTSE EM High Dividend Low Volatility UCITS ETF (HDEM.L).

WTEI.DE and HDEM.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WTEI.DE is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Emerging Markets Equity Income. It was launched on Nov 19, 2014. HDEM.L is a passively managed fund by Invesco that tracks the performance of the MSCI EM NR USD. It was launched on May 27, 2016. Both WTEI.DE and HDEM.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

WTEI.DE vs. HDEM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Emerging Markets Equity Income UCITS ETF (WTEI.DE) and Invesco FTSE EM High Dividend Low Volatility UCITS ETF (HDEM.L). The values are adjusted to include any dividend payments, if applicable.

WTEI.DE vs. HDEM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
WTEI.DE WisdomTree Emerging Markets Equity Income UCITS ETF	6.62%	7.76%	11.91%	16.94%	-7.18%	22.68%	6.08%
HDEM.L Invesco FTSE EM High Dividend Low Volatility UCITS ETF	11.25%	12.15%	8.93%	5.94%	-11.22%	22.59%	9.11%

Different Trading Currencies

WTEI.DE is traded in EUR, while HDEM.L is traded in GBp. To make them comparable, the HDEM.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, WTEI.DE achieves a 6.62% return, which is significantly lower than HDEM.L's 11.25% return.

WTEI.DE

• 1D: 0.96%
• 1M: -1.48%
• YTD: 6.62%
• 6M: 9.57%
• 1Y: 13.70%
• 3Y*: 13.13%
• 5Y*: 8.68%
• 10Y*: —

HDEM.L

• 1D: 1.64%
• 1M: 0.45%
• YTD: 11.25%
• 6M: 17.65%
• 1Y: 23.10%
• 3Y*: 13.28%
• 5Y*: 7.06%
• 10Y*: —

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

WTEI.DE vs. HDEM.L - Expense Ratio Comparison

WTEI.DE has a 0.46% expense ratio, which is lower than HDEM.L's 0.49% expense ratio.

HDEM.L

Invesco FTSE EM High Dividend Low Volatility UCITS ETF

WTEI.DE

WisdomTree Emerging Markets Equity Income UCITS ETF

Return for Risk

WTEI.DE vs. HDEM.L — Risk / Return Rank

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

WTEI.DE

WTEI.DE Risk / Return Rank: 53
WTEI.DE Sharpe Ratio Rank: 50
WTEI.DE Sortino Ratio Rank: 46
WTEI.DE Omega Ratio Rank: 45
WTEI.DE Calmar Ratio Rank: 58
WTEI.DE Martin Ratio Rank: 67

HDEM.L

HDEM.L Risk / Return Rank: 95
HDEM.L Sharpe Ratio Rank: 95
HDEM.L Sortino Ratio Rank: 96
HDEM.L Omega Ratio Rank: 93
HDEM.L Calmar Ratio Rank: 96
HDEM.L Martin Ratio Rank: 95

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.

WTEI.DE vs. HDEM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Equity Income UCITS ETF (WTEI.DE) and Invesco FTSE EM High Dividend Low Volatility UCITS ETF (HDEM.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.

	WTEI.DE	HDEM.L	Difference
Sharpe ratio Return per unit of total volatility	0.95	1.87	-0.92
Sortino ratio Return per unit of downside risk	1.33	2.50	-1.17
Omega ratio Gain probability vs. loss probability	1.19	1.34	-0.15
Calmar ratio Return relative to maximum drawdown	1.63	3.24	-1.61
Martin ratio Return relative to average drawdown	7.47	12.87	-5.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WTEI.DE vs. HDEM.L - Sharpe Ratio Comparison

The current WTEI.DE Sharpe Ratio is 0.95, which is lower than the HDEM.L Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of WTEI.DE and HDEM.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WTEI.DE	HDEM.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	1.87	-0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.51	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.47	+0.30

Correlation

The correlation between WTEI.DE and HDEM.L is 0.71, 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.

Dividends

WTEI.DE vs. HDEM.L - Dividend Comparison

WTEI.DE's dividend yield for the trailing twelve months is around 4.43%, less than HDEM.L's 4.75% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WTEI.DE WisdomTree Emerging Markets Equity Income UCITS ETF	4.43%	4.52%	7.52%	6.96%	7.43%	3.95%	4.97%	0.00%	0.00%	0.00%	0.00%	0.00%
HDEM.L Invesco FTSE EM High Dividend Low Volatility UCITS ETF	4.75%	5.17%	5.62%	6.08%	8.93%	5.96%	4.31%	5.23%	5.37%	6.81%	2.78%	0.00%

Drawdowns

WTEI.DE vs. HDEM.L - Drawdown Comparison

The maximum WTEI.DE drawdown since its inception was -16.73%, smaller than the maximum HDEM.L drawdown of -36.51%. Use the drawdown chart below to compare losses from any high point for WTEI.DE and HDEM.L.

Drawdown Indicators

	WTEI.DE	HDEM.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.73%	-32.18%	+15.45%
Max Drawdown (1Y) Largest decline over 1 year	-12.42%	-7.64%	-4.78%
Max Drawdown (5Y) Largest decline over 5 years	-16.73%	-18.05%	+1.32%
Current Drawdown Current decline from peak	-3.27%	-0.76%	-2.51%
Average Drawdown Average peak-to-trough decline	-4.10%	-6.92%	+2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	1.79%	+0.11%

Volatility

WTEI.DE vs. HDEM.L - Volatility Comparison

WisdomTree Emerging Markets Equity Income UCITS ETF (WTEI.DE) and Invesco FTSE EM High Dividend Low Volatility UCITS ETF (HDEM.L) have volatilities of 4.31% and 4.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTEI.DE	HDEM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	4.29%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	9.39%	8.23%	+1.16%
Volatility (1Y) Calculated over the trailing 1-year period	14.32%	12.32%	+2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.76%	13.90%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.91%	16.17%	-2.26%