Alger Emerging Markets Fund (AIEMX) belongs to the Emerging Markets Diversified 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 146 mutual funds in the Emerging Markets Diversified category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| 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 | |
| Franklin Emerging Market Core Equity (IU) Fund Adv... | 0.17% | — | Jul 2019 | AIEMX vs FCEEX | |
| State Street Emerging Markets Equity Index Fund | 0.17% | — | Dec 2015 | AIEMX vs SSKEX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.19% | — | May 2018 | AIEMX vs EMPTX |
Best Risk-Adjusted Alternatives to AIEMX
AIEMX has a PortfoliosLab risk / return rank of 66. There are 140 mutual funds in the Emerging Markets Diversified category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Templeton SMACS: Series EM | 98 | — | Nov 2021 | AIEMX vs FQEMX | |
| Delaware Emerging Markets Fund | 98 | — | Jun 1996 | AIEMX vs DEMIX | |
| Martin Currie SMA-Shares Series EM Fund | 98 | — | Jan 2018 | AIEMX vs LCSMX | |
| GMO Emerging Markets ex-China Fund | 97 | — | Oct 2021 | AIEMX vs GMAQX | |
| LSV Emerging Markets Equity Fund | 97 | — | Jan 2019 | AIEMX vs LVAZX |
Top Performing AIEMX Alternatives (YTD)
AIEMX is at 26.29% YTD. There are 102 mutual funds in the Emerging Markets Diversified category with higher YTD returns, going as high as 112.88%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 112.88% | — | Jun 1996 | AIEMX vs DEMIX | |
| Franklin Templeton SMACS: Series EM | 90.39% | — | Nov 2021 | AIEMX vs FQEMX | |
| Martin Currie SMA-Shares Series EM Fund | 67.99% | — | Jan 2018 | AIEMX vs LCSMX | |
| GMO Emerging Markets ex-China Fund | 57.96% | — | Oct 2021 | AIEMX vs GMAQX | |
| Invesco EQV Emerging Markets All Cap Fd | 49.96% | — | Jan 1994 | AIEMX vs GTDDX |
Lowest Volatility Alternatives to AIEMX
AIEMX has 18.91% 1-year volatility. There are 120 mutual funds in the Emerging Markets Diversified category with lower 1-year volatility, going as low as 10.37%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Defensive Advantage Emerging Markets Fun... | 10.37% | — | Dec 2020 | AIEMX vs BADEX | |
| Virtus KAR Emerging Markets Small-Cap Fund | 11.03% | — | Dec 2013 | AIEMX vs VIESX | |
| GQG Partners Emerging Markets Equity Fund | 11.32% | — | Dec 2016 | AIEMX vs GQGPX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 11.53% | — | Oct 2011 | AIEMX vs ESCIX | |
| Parametric Emerging Markets Fund | 11.57% | — | Jun 2006 | AIEMX vs EAEMX |
Lowest Drawdown Alternatives to AIEMX
AIEMX has a 1-year max drawdown of -15.17%. There are 157 mutual funds in the Emerging Markets Diversified 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 | |
| Wasatch Emerging Markets Small Cap Fund | -7.89% | — | Sep 2007 | AIEMX vs WAEMX | |
| BlackRock Defensive Advantage Emerging Markets Fun... | -8.89% | — | Dec 2020 | AIEMX vs BADEX | |
| The Cook & Bynum Fund | -8.95% | — | Jun 2009 | AIEMX vs COBYX | |
| GQG Partners Emerging Markets Equity Fund | -9.12% | — | Dec 2016 | AIEMX vs GQGPX |
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 | Large Cap Growth Equities | 57 | 17.14% | — | Nov 1993 | AIEMX vs ALGRX | |
| Alger Focus Equity A Fund | Large Cap Growth Equities | 57 | 17.12% | — | Nov 1993 | AIEMX vs ALAFX | |
| Alger Capital Appreciation Fund | Large Cap Growth Equities | 41 | 15.50% | — | Dec 1996 | AIEMX vs ACAAX | |
| Alger Growth & Income Fund | Large Cap Blend Equities | 89 | 13.85% | — | Dec 1996 | AIEMX vs ALBAX | |
| Alger Large Cap Growth Portfolio Fund | Large Cap Growth Equities | 48 | 22.75% | — | Jan 1989 | AIEMX vs AAGOX | |
| Alger Capital Appreciation Portfolio | Large Cap Growth Equities | 43 | 14.92% | — | Jan 1995 | AIEMX vs ALVOX | |
| Alger Capital Appreciation Institutional Fund | Large Cap Growth Equities | 46 | 16.87% | — | Nov 1993 | AIEMX vs ALARX | |
| Alger Spectra Fund | Large Cap Growth Equities | 32 | 13.50% | — | Jul 1969 | AIEMX vs SPECX | |
| Alger Capital Appreciation Fund Class Z | Large Cap Growth Equities | 42 | 15.70% | — | Dec 2010 | AIEMX vs ACAZX | |
| Alger Weatherbie Specialized Growth Fund | Small Cap Growth Equities | 8 | 4.73% | — | May 2002 | AIEMX vs ALMAX |
Often Compared With AIEMX
Investors most often compare AIEMX with FDGRX, EFEIX, TEQLX. These 12 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