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 176 mutual funds in the Emerging Markets Equities category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
FEMSX	Fidelity Series Emerging Markets Opportunities Fun...	0.01%	—	Dec 2008	DEMAX vs FEMSX
FHKFX	Fidelity Series Emerging Markets Fund	0.01%	—	Aug 2018	DEMAX vs FHKFX
VEMIX	Vanguard Emerging Markets Stock Index Fund Institu...	0.06%	—	Jun 2000	DEMAX vs VEMIX
FERGX	Fidelity SAI Emerging Markets Index Fund	0.08%	—	Jan 2016	DEMAX vs FERGX
FPADX	Fidelity Emerging Markets Index Fund	0.08%	—	Sep 2011	DEMAX vs FPADX

Best Risk-Adjusted Alternatives to DEMAX

DEMAX has a PortfoliosLab risk / return rank of 94. There are 4 mutual funds in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 96.

Symbol	Name	Risk / Return Rank	AUM	Inception
LZEMX	Lazard Emerging Markets Equity Portfolio	96	—	Jul 1994	DEMAX vs LZEMX
RLEMX	Lazard Emerging Markets Equity Portfolio Class R6	96	—	—	DEMAX vs RLEMX
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	94	—	Oct 2011	DEMAX vs ESCIX
DEMIX	Delaware Emerging Markets Fund	94	—	Jun 1996	DEMAX vs DEMIX
DEMCX	Nomura Emerging Markets Fund Class C	94	—	Jun 1996	DEMAX vs DEMCX

Top Performing DEMAX Alternatives (YTD)

DEMAX is at 87.41% YTD. There is 1 mutual fund in the Emerging Markets Equities category with a higher YTD return, going as high as 87.69%.

Symbol	Name	YTD Return	AUM	Inception
DEMIX	Delaware Emerging Markets Fund	87.69%	—	Jun 1996	DEMAX vs DEMIX
DEMCX	Nomura Emerging Markets Fund Class C	86.59%	—	Jun 1996	DEMAX vs DEMCX
FQEMX	Franklin Templeton SMACS: Series EM	63.91%	—	Nov 2021	DEMAX vs FQEMX
GMAQX	GMO Emerging Markets ex-China Fund	45.00%	—	Oct 2021	DEMAX vs GMAQX
LCSMX	Martin Currie SMA-Shares Series EM Fund	44.23%	—	Jan 2018	DEMAX vs LCSMX

Lowest Volatility Alternatives to DEMAX

DEMAX has 53.10% 1-year volatility. There are 209 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
GSIYX	Goldman Sachs GQG Partners International Opportuni...	9.88%	—	Dec 2016	DEMAX vs GSIYX
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	9.99%	—	Oct 2011	DEMAX vs ESCIX
GQGPX	GQG Partners Emerging Markets Equity Fund	11.49%	—	Dec 2016	DEMAX vs GQGPX
GQGIX	GQG Partners Emerging Markets Equity Fund Institut...	11.51%	—	—	DEMAX vs GQGIX
COBYX	The Cook & Bynum Fund	11.74%	—	Jun 2009	DEMAX vs COBYX

Lowest Drawdown Alternatives to DEMAX

DEMAX has a 1-year max drawdown of -36.53%. There are 210 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
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	-5.70%	—	Oct 2011	DEMAX vs ESCIX
FGKPX	Fidelity SAI Emerging Markets Low Volatility Index...	-6.93%	—	Jan 2019	DEMAX vs FGKPX
GSIYX	Goldman Sachs GQG Partners International Opportuni...	-7.81%	—	Dec 2016	DEMAX vs GSIYX
BADEX	BlackRock Defensive Advantage Emerging Markets Fun...	-8.89%	—	Dec 2020	DEMAX vs BADEX
COBYX	The Cook & Bynum Fund	-8.95%	—	Jun 2009	DEMAX vs COBYX

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	98	25.71%	—	Oct 1993	DEMAX vs FGIPX
DDVCX	Nomura Value Fund Class C	Large Cap Value Equities	43	10.97%	—	Apr 2002	DEMAX vs DDVCX

Often Compared With DEMAX

Investors most often compare DEMAX with FEDIX, JEMWX, CNWIX. These 20 comparison targets span 7 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	88	21.48%	—	Nov 2011	DEMAX vs FEDIX
JEMWX	JPMorgan Emerging Markets Equity Fund Class R6	Emerging Markets Equities	77	26.61%	—	Dec 2013	DEMAX vs JEMWX
CNWIX	Calamos Evolving World Growth Fund Class I	Emerging Markets Equities	33	29.36%	—	—	DEMAX vs CNWIX
PZIEX	Pzena Emerging Markets Value Fund Institutional Cl...	Emerging Markets Equities	56	13.36%	—	Mar 2014	DEMAX vs PZIEX
AVALX	Aegis Value Fund Class I	Small Cap Value Equities	94	18.31%	—	May 1998	DEMAX vs AVALX
FEDAX	Fidelity Advisor Emerging Markets Discovery Fund C...	Emerging Markets Equities	88	21.33%	—	Nov 2011	DEMAX vs FEDAX
SIVLX	Seafarer Overseas Value Fund Institutional Class	Emerging Markets Equities	36	8.42%	—	May 2016	DEMAX vs SIVLX
PEAFX	PIMCO RAE Emerging Markets Fund Class A	Emerging Markets Equities	34	13.64%	—	Jun 2015	DEMAX vs PEAFX
FEDDX	Fidelity Emerging Markets Discovery Fund	Emerging Markets Equities	88	21.51%	—	Nov 2011	DEMAX vs FEDDX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	82	59.70%	—	Jul 1985	DEMAX vs FSELX
IGNAX	Delaware Ivy Natural Resources Fund	Energy Equities	86	14.99%	—	Jan 1997	DEMAX vs IGNAX
JEMSX	JPMorgan Emerging Markets Equity Fund Class I	Emerging Markets Equities	76	26.47%	—	—	DEMAX vs JEMSX
FEDTX	Fidelity Advisor Emerging Markets Discovery Fund C...	Emerging Markets Equities	87	21.09%	—	Nov 2011	DEMAX vs FEDTX
FEDGX	Fidelity Advisor Emerging Markets Discovery Fund C...	Emerging Markets Equities	86	20.75%	—	Nov 2011	DEMAX vs FEDGX
EAD	Emerging Markets Dividend Fund	Emerging Markets Equities	3	-0.12%	—	Jan 2013	DEMAX vs EAD
FAMKX	Fidelity Advisor Focused Emerging Markets Fund Cla...	Emerging Markets Equities	73	23.66%	—	Mar 2004	DEMAX vs FAMKX
IFN	Aberdeen India Fund	Emerging Markets Equities, India Equities, Asia Pacific Equities	1	-7.74%	—	Feb 1994	DEMAX vs IFN
WSTAX	Nomura Science and Technology Fund Class A	Technology Equities	64	37.16%	—	—	DEMAX vs WSTAX
FIQGX	Fidelity Advisor Emerging Markets Discovery Fund C...	Emerging Markets Equities	88	21.58%	—	Oct 2018	DEMAX vs FIQGX
EMF	Templeton Emerging Markets Fund	Emerging Markets Equities	81	31.71%	—	Feb 1987	DEMAX vs EMF

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