Alger Emerging Markets Fund (AIEMX) belongs to the Emerging Markets Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AIEMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AIEMX
AIEMX charges 1.45% annually. There are 181 mutual funds in the Emerging Markets Equities category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Series Emerging Markets Fund | 0.01% | — | Aug 2018 | AIEMX vs FHKFX | |
| Fidelity Series Emerging Markets Opportunities Fun... | 0.01% | — | Dec 2008 | AIEMX vs FEMSX | |
| Vanguard Emerging Markets Stock Index Fund Institu... | 0.06% | — | Jun 2000 | AIEMX vs VEMIX | |
| Fidelity Emerging Markets Index Fund | 0.08% | — | Sep 2011 | AIEMX vs FPADX | |
| Fidelity SAI Emerging Markets Index Fund | 0.08% | — | Jan 2016 | AIEMX vs FERGX |
Best Risk-Adjusted Alternatives to AIEMX
AIEMX has a PortfoliosLab risk / return rank of 39. There are 173 mutual funds in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Lazard Emerging Markets Equity Portfolio | 94 | — | Jul 1994 | AIEMX vs LZEMX | |
| Lazard Emerging Markets Equity Portfolio Class R6 | 94 | — | — | AIEMX vs RLEMX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 92 | — | Oct 2011 | AIEMX vs ESCIX | |
| Delaware Emerging Markets Fund | 91 | — | Jun 1996 | AIEMX vs DEMIX | |
| Nomura Emerging Markets Fund Class A | 91 | — | Jun 1996 | AIEMX vs DEMAX |
Top Performing AIEMX Alternatives (YTD)
AIEMX is at 15.08% YTD. There are 131 mutual funds in the Emerging Markets Equities category with higher YTD returns, going as high as 68.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 68.59% | — | Jun 1996 | AIEMX vs DEMIX | |
| Nomura Emerging Markets Fund Class A | 68.34% | — | Jun 1996 | AIEMX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 67.60% | — | Jun 1996 | AIEMX vs DEMCX | |
| Franklin Templeton SMACS: Series EM | 50.59% | — | Nov 2021 | AIEMX vs FQEMX | |
| GMO Emerging Markets ex-China Fund | 37.39% | — | Oct 2021 | AIEMX vs GMAQX |
Lowest Volatility Alternatives to AIEMX
AIEMX has 24.69% 1-year volatility. There are 172 mutual funds in the Emerging Markets Equities category with lower 1-year volatility, going as low as 9.88%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 9.88% | — | Dec 2016 | AIEMX vs GSIYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 10.28% | — | Oct 2011 | AIEMX vs ESCIX | |
| GQG Partners Emerging Markets Equity Fund | 11.51% | — | Dec 2016 | AIEMX vs GQGPX | |
| GQG Partners Emerging Markets Equity Fund Institut... | 11.53% | — | — | AIEMX vs GQGIX | |
| Fidelity SAI Emerging Markets Low Volatility Index... | 11.80% | — | Jan 2019 | AIEMX vs FGKPX |
Lowest Drawdown Alternatives to AIEMX
AIEMX has a 1-year max drawdown of -15.53%. There are 170 mutual funds in the Emerging Markets Equities category with shallower 1-year drawdowns, going as shallow as -5.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | -5.70% | — | Oct 2011 | AIEMX vs ESCIX | |
| Fidelity SAI Emerging Markets Low Volatility Index... | -6.93% | — | Jan 2019 | AIEMX vs FGKPX | |
| Goldman Sachs GQG Partners International Opportuni... | -7.81% | — | Dec 2016 | AIEMX vs GSIYX | |
| BlackRock Defensive Advantage Emerging Markets Fun... | -8.89% | — | Dec 2020 | AIEMX vs BADEX | |
| The Cook & Bynum Fund | -8.95% | — | Jun 2009 | AIEMX vs COBYX |
Other Mutual Funds from Alger
The 10 most viewed Alger mutual funds shown here include ALGRX, ALAFX, ACAAX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Alger Focus Equity Fund Class I | Large Cap Growth Equities | 32 | 8.75% | — | Nov 1993 | AIEMX vs ALGRX | |
| Alger Focus Equity A Fund | Large Cap Growth Equities | 32 | 8.73% | — | Nov 1993 | AIEMX vs ALAFX | |
| Alger Capital Appreciation Fund | Large Cap Growth Equities | 23 | 7.22% | — | Dec 1996 | AIEMX vs ACAAX | |
| Alger Capital Appreciation Portfolio | Large Cap Growth Equities | 25 | 7.30% | — | Jan 1995 | AIEMX vs ALVOX | |
| Alger Growth & Income Fund | Large Cap Blend Equities | 82 | 12.10% | — | Dec 1996 | AIEMX vs ALBAX | |
| Alger Large Cap Growth Portfolio Fund | Large Cap Growth Equities | 29 | 12.62% | — | Jan 1989 | AIEMX vs AAGOX | |
| Alger Capital Appreciation Institutional Fund | Large Cap Growth Equities | 26 | 8.50% | — | Nov 1993 | AIEMX vs ALARX | |
| Alger Capital Appreciation Fund Class Z | Large Cap Growth Equities | 24 | 7.46% | — | Dec 2010 | AIEMX vs ACAZX | |
| Alger Spectra Fund | Large Cap Growth Equities | 16 | 3.40% | — | Jul 1969 | AIEMX vs SPECX | |
| Alger Weatherbie Specialized Growth Fund | Small Cap Growth Equities | 8 | 2.51% | — | May 2002 | AIEMX vs ALMAX |
Often Compared With AIEMX
Investors most often compare AIEMX with FDGRX, EAEMX, FCEEX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare AIEMX with Any Fund or Stock
Compare AIEMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AIEMX with funds that move differently
Alger Emerging Markets Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AIEMX.
Explore AIEMX Diversifiers