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Issuer
Nomura
Inception Date
Jun 10, 1996
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

DEMAX Performance Chart

Nomura Emerging Markets Fund Class A (DEMAX) is up 110.3% since the beginning of the year. DEMAX is currently trading at $66 per share. Investors who bought $1,000 worth of DEMAX shares 5 years ago would now be looking at an investment worth $3,095.


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S&P 500 Index

Returns By Period

Nomura Emerging Markets Fund Class A (DEMAX) has returned 110.32% so far this year and 232.10% over the past 12 months.


Nomura Emerging Markets Fund Class A

1D
-1.01%
1M
12.38%
YTD
110.32%
6M
128.55%
1Y
232.10%
3Y*
66.04%
5Y*
25.35%
10Y*
21.22%

Benchmark (S&P 500 Index)

1D
-2.64%
1M
0.25%
YTD
7.86%
6M
7.47%
1Y
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

DEMAX Monthly Returns History

Based on dividend-adjusted daily data since Jun 10, 1996, DEMAX's average daily return is +0.05%, while the average monthly return is +1.15%. At this rate, an investment would double in approximately 5.1 years.

Historically, 58% of months were positive and 42% were negative. The best month was Apr 2026 with a return of +36.7%, while the worst month was Aug 1998 at -29.5%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.

On a daily basis, DEMAX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +13.6%, while the worst single day was Oct 15, 2008 at -12.0%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202625.28%10.61%-17.66%36.68%29.94%3.80%110.32%
20255.39%-1.45%-0.48%-0.10%8.14%17.01%-2.16%0.19%15.02%15.78%-1.04%10.39%86.33%
2024-3.36%7.70%5.11%-2.36%3.34%8.01%-3.47%-1.39%2.91%-4.51%-3.66%-1.11%6.25%
202310.91%-7.23%4.18%-4.02%1.09%3.51%5.75%-5.75%-2.91%-2.04%10.17%4.36%17.34%
2022-1.82%-7.49%-5.18%-6.14%1.79%-8.43%-0.71%-0.61%-12.10%-4.04%17.05%-3.09%-28.85%
20213.13%2.58%-2.88%2.78%1.44%0.22%-9.57%-0.16%-1.29%0.61%-1.99%3.55%-2.32%

Benchmark Metrics

Nomura Emerging Markets Fund Class A has an annualized alpha of 138.12%, beta of 1.73, and R2 of 0.29 versus S&P 500 Index. Calculated based on daily prices since June 11, 1996.

  • This fund captured 745.94% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -9.94%) - a profile typical of hedging or uncorrelated assets.
  • R2 of 0.29 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
138.12%
Beta
1.73
0.29
Upside Capture
745.94%
Downside Capture
-9.94%

Expense Ratio

DEMAX has a high expense ratio of 1.42%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

DEMAX ranks 98 for risk / return — in the top 98% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


DEMAX Risk / Return Rank: 9898
Overall Rank
DEMAX Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
DEMAX Sortino Ratio Rank: 9696
Sortino Ratio Rank
DEMAX Omega Ratio Rank: 9696
Omega Ratio Rank
DEMAX Calmar Ratio Rank: 9999
Calmar Ratio Rank
DEMAX Martin Ratio Rank: 9999
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Nomura Emerging Markets Fund Class A (DEMAX) and compare them to S&P 500 Index.


DEMAXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

Sortino ratioReturn per unit of downside risk

Omega ratioGain probability vs. loss probability

1.84

Calmar ratioReturn relative to maximum drawdown

11.49

Martin ratioReturn relative to average drawdown

43.67

Dividends

Dividend History

Nomura Emerging Markets Fund Class A provided a 9.05% dividend yield over the last twelve months, with an annual payout of $5.94 per share.


0.00%5.00%10.00%15.00%20.00%$0.00$1.00$2.00$3.00$4.00$5.00$6.0020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$5.94$5.94$0.35$0.54$0.27$0.77$0.14$0.12$0.06$0.32$0.10$0.00

Dividend yield

9.05%19.03%1.74%2.76%1.60%3.16%0.56%0.57%0.34%1.59%0.70%0.03%

Monthly Dividends

The table displays the monthly dividend distributions for Nomura Emerging Markets Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$5.94$5.94
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.35$0.35
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.54$0.54
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.27$0.27
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.77$0.77

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Nomura Emerging Markets Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Nomura Emerging Markets Fund Class A was 63.23%, occurring on Nov 20, 2008. Recovery took 542 trading sessions.

The current Nomura Emerging Markets Fund Class A drawdown is 1.10%.


Related event

Drawdown

Fall

Recovery

Underwater

Financial crisis2007–2009
-63.23%Nov 2008
1y 20d2y 1mo
3y 2moNov 2007 - Jan 2011
1998 bear market1998
-57.20%Sep 1998
1y 2mo5y 3mo
6y 5moJul 1997 - Dec 2003
Bear market2022
-46.51%Oct 2022
1y 8mo2y 10mo
4y 6moFeb 2021 - Sep 2025
2016 bear market2016
-40.46%Feb 2016
1y 5mo1y 3mo
2y 8moSep 2014 - May 2017
COVID crash2020
-38.66%Mar 2020
2y 1mo4mo 15d
2y 6moJan 2018 - Aug 2020

Drawdown Indicators


DEMAXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-63.23%

-9.10%

-54.13%

Max Drawdown (1Y)

Largest decline over 1 year

-21.03%

Max Drawdown (3Y)

Largest decline over 3 years

-22.75%

Max Drawdown (5Y)

Largest decline over 5 years

-44.01%

Max Drawdown (10Y)

Largest decline over 10 years

-46.51%

Current Drawdown

Current decline from peak

-1.10%

-2.97%

+1.87%

Average Drawdown

Average peak-to-trough decline

-18.75%

-1.13%

-17.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.51%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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