DEMAX Alternatives & Similar Mutual Funds

Nomura Emerging Markets Fund Class A (DEMAX) 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 DEMAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to DEMAX

DEMAX charges 1.42% annually. There are 32 mutual funds in the Emerging Markets Equities category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
FHKFX	Fidelity Series Emerging Markets Fund	0.01%	—	Aug 2018	DEMAX vs FHKFX
FEMSX	Fidelity Series Emerging Markets Opportunities Fun...	0.01%	—	Dec 2008	DEMAX vs FEMSX
VEMRX	Vanguard Emerging Markets Index Fund Institutional...	0.08%	162.80B	Dec 2010	DEMAX vs VEMRX
VEMIX	Vanguard Emerging Markets Stock Index Fund Institu...	0.10%	—	Jun 2000	DEMAX vs VEMIX
VEMAX	Vanguard Emerging Markets Stock Index Fund Admiral...	0.13%	162.80B	Jun 2006	DEMAX vs VEMAX

Best Risk-Adjusted Alternatives to DEMAX

DEMAX has a PortfoliosLab risk / return rank of 97. No mutual funds in the Emerging Markets Equities category have higher risk-adjusted ranks; the top alternatives shown here go as high as 97.

Symbol	Name	Risk / Return Rank	AUM	Inception
DEMCX	Nomura Emerging Markets Fund Class C	97	—	Jun 1996	DEMAX vs DEMCX
WXCIX	William Blair Emerging Markets ex China Growth Fun...	95	—	Jul 2022	DEMAX vs WXCIX
FTMKX	Fidelity Advisor Focused Emerging Markets Fund Cla...	88	—	Mar 2004	DEMAX vs FTMKX
EMF	Templeton Emerging Markets Fund	88	—	Feb 1987	DEMAX vs EMF
FMCKX	Fidelity Advisor Focused Emerging Markets Fund Cla...	87	—	Mar 2004	DEMAX vs FMCKX

Top Performing DEMAX Alternatives (YTD)

DEMAX is at 125.73% YTD. No mutual funds in the Emerging Markets Equities category have higher YTD returns; the top-performing alternatives shown here go as high as 124.93%.

Symbol	Name	YTD Return	AUM	Inception
DEMCX	Nomura Emerging Markets Fund Class C	124.93%	—	Jun 1996	DEMAX vs DEMCX
WXCIX	William Blair Emerging Markets ex China Growth Fun...	52.06%	—	Jul 2022	DEMAX vs WXCIX
CNWIX	Calamos Evolving World Growth Fund Class I	41.99%	—	—	DEMAX vs CNWIX
EMF	Templeton Emerging Markets Fund	37.12%	—	Feb 1987	DEMAX vs EMF
JEMWX	JPMorgan Emerging Markets Equity Fund Class R6	29.07%	—	Dec 2013	DEMAX vs JEMWX

Lowest Volatility Alternatives to DEMAX

DEMAX has 46.01% 1-year volatility. There are 38 mutual funds in the Emerging Markets Equities category with lower 1-year volatility, going as low as 11.10%.

Symbol	Name	Volatility 1Y	AUM	Inception
FGKPX	Fidelity SAI Emerging Markets Low Volatility Index...	11.10%	—	Jan 2019	DEMAX vs FGKPX
GQGIX	GQG Partners Emerging Markets Equity Fund Institut...	11.61%	—	—	DEMAX vs GQGIX
SIVLX	Seafarer Overseas Value Fund Institutional Class	13.15%	—	May 2016	DEMAX vs SIVLX
SFENX	Schwab Fundamental Emerging Markets Equity Index F...	14.01%	—	Jan 2008	DEMAX vs SFENX
FEDTX	Fidelity Advisor Emerging Markets Discovery Fund C...	14.31%	—	Nov 2011	DEMAX vs FEDTX

Lowest Drawdown Alternatives to DEMAX

DEMAX has a 1-year max drawdown of -21.03%. There are 38 mutual funds in the Emerging Markets Equities category with shallower 1-year drawdowns, going as shallow as -6.93%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
FGKPX	Fidelity SAI Emerging Markets Low Volatility Index...	-6.93%	—	Jan 2019	DEMAX vs FGKPX
GQGIX	GQG Partners Emerging Markets Equity Fund Institut...	-9.11%	—	—	DEMAX vs GQGIX
SFENX	Schwab Fundamental Emerging Markets Equity Index F...	-9.45%	—	Jan 2008	DEMAX vs SFENX
FEDDX	Fidelity Emerging Markets Discovery Fund	-9.54%	—	Nov 2011	DEMAX vs FEDDX
FIQGX	Fidelity Advisor Emerging Markets Discovery Fund C...	-9.55%	—	Oct 2018	DEMAX vs FIQGX

Other Mutual Funds from Nomura

The 2 most viewed Nomura mutual funds shown here include FGIPX, DDVCX and span 1 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FGIPX	Nomura Growth and Income Fund Institutional Class	Large Cap Value Equities	95	17.63%	—	Oct 1993	DEMAX vs FGIPX
DDVCX	Nomura Value Fund Class C	Large Cap Value Equities	29	5.50%	—	Apr 2002	DEMAX vs DDVCX

Often Compared With DEMAX

Investors most often compare DEMAX with FEDIX, PZIEX, AVALX. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FEDIX	Fidelity Advisor Emerging Markets Discovery Fund C...	Emerging Markets Equities	80	17.37%	—	Nov 2011	DEMAX vs FEDIX
PZIEX	Pzena Emerging Markets Value Fund Institutional Cl...	Emerging Markets Equities	50	8.41%	—	Mar 2014	DEMAX vs PZIEX
AVALX	Aegis Value Fund	Small Cap Value Equities	88	12.78%	—	May 1998	DEMAX vs AVALX
FEDAX	Fidelity Advisor Emerging Markets Discovery Fund C...	Emerging Markets Equities	80	17.29%	—	Nov 2011	DEMAX vs FEDAX
IGNAX	Delaware Ivy Natural Resources Fund	Energy Equities	73	10.61%	—	Jan 1997	DEMAX vs IGNAX
PEAFX	PIMCO RAE Emerging Markets Fund Class A	Emerging Markets Equities	29	9.04%	—	Jun 2015	DEMAX vs PEAFX
FEDGX	Fidelity Advisor Emerging Markets Discovery Fund C...	Emerging Markets Equities	79	16.82%	—	Nov 2011	DEMAX vs FEDGX
JEMSX	JPMorgan Emerging Markets Equity Fund Class I	Emerging Markets Equities	86	28.95%	—	—	DEMAX vs JEMSX
VGPMX	Vanguard Global Capital Cycles Fund	Global Equities	86	11.77%	3.90B	May 1984	DEMAX vs VGPMX
EAD	Emerging Markets Dividend Fund	Emerging Markets Equities	4	-1.56%	—	Jan 2013	DEMAX vs EAD
FAMKX	Fidelity Advisor Focused Emerging Markets Fund Cla...	Emerging Markets Equities	87	25.50%	—	Mar 2004	DEMAX vs FAMKX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	94	75.83%	—	Jul 1985	DEMAX vs FSELX
VEIEX	Vanguard Emerging Markets Stock Index Fund Investo...	Emerging Markets Equities	44	10.42%	—	May 1994	DEMAX vs VEIEX
FEMKX	Fidelity Emerging Markets	Emerging Markets Equities	68	22.50%	—	Nov 1990	DEMAX vs FEMKX
IFN	The India Fund	Emerging Markets Equities	1	-9.77%	—	Feb 1994	DEMAX vs IFN
WSTAX	Nomura Science and Technology Fund Class A	Technology Equities	80	38.28%	—	—	DEMAX vs WSTAX
ODVIX	Invesco Developing Markets Fund Class R6	Emerging Markets Equities	59	15.04%	—	Dec 2011	DEMAX vs ODVIX
KF	The Korea Fund Inc	Emerging Markets Equities	93	97.85%	—	Aug 1984	DEMAX vs KF
VMMSX	Vanguard Emerging Markets Select Stock Fund	Emerging Markets Equities	59	14.21%	1.30B	Jun 2011	DEMAX vs VMMSX
NFFFX	American Funds New World Fund	Emerging Markets Equities	54	15.18%	—	Jun 1999	DEMAX vs NFFFX

Compare DEMAX with Any Fund or Stock

Compare DEMAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair DEMAX with funds that move differently

Nomura Emerging Markets Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DEMAX.

Explore DEMAX Diversifiers

Nomura Emerging Markets Fund Class A (DEMAX) Alternatives