XFVT.L vs. DEM.L

Last updated Jun 28, 2026

XFVT.L (Xtrackers Vietnam Swap UCITS ETF 1C) and DEM.L (WisdomTree Emerging Markets Equity Income UCITS ETF) are both Emerging Markets Equities funds - XFVT.L tracks the STOXX Vietnam Total Market Liquid while DEM.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 10 years, XFVT.L returned 6.44%/yr vs 8.84%/yr for DEM.L. At a 0.35 correlation, their price movements are largely independent. XFVT.L charges 0.85%/yr vs 0.46%/yr for DEM.L.

Performance

XFVT.L vs. DEM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers Vietnam Swap UCITS ETF 1C (XFVT.L) and WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XFVT.L achieves a 5.81% return, which is significantly lower than DEM.L's 17.00% return. Over the past 10 years, XFVT.L has underperformed DEM.L with an annualized return of 6.44%, while DEM.L has yielded a comparatively higher 8.84% annualized return.

XFVT.L

• 1D: 2.80%
• 1M: 3.84%
• YTD: 5.81%
• 6M: 5.40%
• 1Y: 55.07%
• 3Y*: 12.82%
• 5Y*: 0.52%
• 10Y*: 6.44%

DEM.L

• 1D: -1.40%
• 1M: -0.62%
• YTD: 17.00%
• 6M: 17.43%
• 1Y: 24.07%
• 3Y*: 14.74%
• 5Y*: 10.04%
• 10Y*: 8.84%

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

XFVT.L vs. DEM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XFVT.L Xtrackers Vietnam Swap UCITS ETF 1C	5.81%	57.38%	-8.97%	-0.07%	-37.94%	33.66%	13.67%	0.55%	-6.19%	36.66%
DEM.L WisdomTree Emerging Markets Equity Income UCITS ETF	17.00%	9.92%	6.85%	14.78%	-2.59%	15.16%	-9.47%	11.16%	-6.09%	13.87%

Correlation

The correlation between XFVT.L and DEM.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Nov 14, 2014	0.35

The correlation between XFVT.L and DEM.L shifts across timeframes, from 0.21 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XFVT.L vs. DEM.L — Risk / Return Rank

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

XFVT.L

XFVT.L Risk / Return Rank: 67
XFVT.L Sharpe Ratio Rank: 75
XFVT.L Sortino Ratio Rank: 65
XFVT.L Omega Ratio Rank: 65
XFVT.L Calmar Ratio Rank: 75
XFVT.L Martin Ratio Rank: 58

DEM.L

DEM.L Risk / Return Rank: 67
DEM.L Sharpe Ratio Rank: 61
DEM.L Sortino Ratio Rank: 60
DEM.L Omega Ratio Rank: 58
DEM.L Calmar Ratio Rank: 80
DEM.L Martin Ratio Rank: 74

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.

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

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Vietnam Swap UCITS ETF 1C (XFVT.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.

	XFVT.L	DEM.L	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.77	+0.26
Sortino ratio: Return per unit of downside risk	2.56	2.47	+0.09
Omega ratio: Gain probability vs. loss probability	1.33	1.31	+0.02
Calmar ratio: Return relative to maximum drawdown	3.25	3.65	-0.40
Martin ratio: Return relative to average drawdown	8.84	12.07	-3.22

XFVT.L vs. DEM.L - Sharpe Ratio Comparison

The current XFVT.L Sharpe Ratio is 2.03, which is comparable to the DEM.L Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of XFVT.L 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.

Drawdowns

XFVT.L vs. DEM.L - Drawdown Comparison

The maximum XFVT.L drawdown since its inception was -87.46%, which is greater than DEM.L's maximum drawdown of -55.11%. Use the drawdown chart below to compare losses from any high point for XFVT.L and DEM.L.

Drawdown Indicators

	XFVT.L	DEM.L	Difference
Max Drawdown Largest peak-to-trough decline	-87.46%	-55.11%	-32.35%
Max Drawdown (1Y) Largest decline over 1 year	-17.42%	-6.56%	-10.86%
Max Drawdown (3Y) Largest decline over 3 years	-36.89%	-13.26%	-23.63%
Max Drawdown (5Y) Largest decline over 5 years	-51.80%	-14.48%	-37.32%
Max Drawdown (10Y) Largest decline over 10 years	-51.80%	-30.09%	-21.71%
Current Drawdown Current decline from peak	-63.84%	-4.09%	-59.75%
Average Drawdown Average peak-to-trough decline	-74.09%	-17.65%	-56.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.41%	1.99%	+4.42%

Volatility

XFVT.L vs. DEM.L - Volatility Comparison

Xtrackers Vietnam Swap UCITS ETF 1C (XFVT.L) has a higher volatility of 7.23% compared to WisdomTree Emerging Markets Equity Income UCITS ETF (DEM.L) at 5.72%. This indicates that XFVT.L's price experiences larger fluctuations and is considered to be riskier than DEM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XFVT.L	DEM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	5.72%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	19.63%	10.74%	+8.89%
Volatility (1Y) Calculated over the trailing 1-year period	27.92%	13.50%	+14.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.01%	13.21%	+15.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.88%	15.87%	+10.01%

XFVT.L vs. DEM.L - Expense Ratio Comparison

XFVT.L has a 0.85% expense ratio, which is higher than DEM.L's 0.46% expense ratio.

Dividends

XFVT.L vs. DEM.L - Dividend Comparison

XFVT.L has not paid dividends to shareholders, while DEM.L's dividend yield for the trailing twelve months is around 2.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEM.L WisdomTree Emerging Markets Equity Income UCITS ETF	2.01%	2.13%	7.67%	7.00%	7.05%	4.14%	4.77%	1.46%	0.00%	2.15%	1.49%	4.55%
XFVT.L Xtrackers Vietnam Swap UCITS ETF 1C	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

Can I hold both XFVT.L and DEM.L in my portfolio?

XFVT.L and DEM.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XFVT.L or DEM.L?

On fees, DEM.L is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XFVT.L or DEM.L?

DEM.L is cheaper with a 0.46% expense ratio, compared with 0.85% for XFVT.L.

What is the main difference between XFVT.L and DEM.L?

XFVT.L tracks STOXX Vietnam Total Market Liquid, while DEM.L tracks MSCI EM NR USD. They also come from different issuers: Xtrackers and WisdomTree. Their fees differ too: 0.85% for XFVT.L and 0.46% for DEM.L.