- ISIN
- US2459148175
- Issuer
- Delaware Funds
- Inception Date
- Jun 9, 1996
- Category
- Emerging Markets Diversified
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
DEMIX Performance Chart
Delaware Emerging Markets Fund (DEMIX) is up 134.9% since the beginning of the year. DEMIX is currently trading at $74 per share. Investors who bought $1,000 worth of DEMIX shares 5 years ago would now be looking at an investment worth $3,627.
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Returns By Period
Delaware Emerging Markets Fund (DEMIX) has returned 134.87% so far this year and 258.01% over the past 12 months. Looking at the last ten years, DEMIX has achieved an annualized return of 22.98%, outperforming the S&P 500 Index benchmark, which averaged 13.54% per year.
Delaware Emerging Markets Fund
- 1D
- 8.22%
- 1M
- 29.92%
- YTD
- 134.87%
- 6M
- 158.76%
- 1Y
- 258.01%
- 3Y*
- 69.53%
- 5Y*
- 29.39%
- 10Y*
- 22.98%
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.17%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.06%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
DEMIX Monthly Returns History
Based on dividend-adjusted daily data since Jun 10, 1996, DEMIX's average daily return is +0.06%, while the average monthly return is +1.21%. At this rate, an investment would double in approximately 4.8 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, DEMIX 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 Jun 5, 2026 at -13.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 25.32% | 10.63% | -17.64% | 36.68% | 29.99% | 15.78% | 134.87% | ||||||
| 2025 | 5.40% | -1.40% | -0.52% | -0.00% | 8.12% | 17.00% | -2.10% | 0.23% | 15.00% | 15.84% | -1.06% | 10.43% | 86.79% |
| 2024 | -3.34% | 7.75% | 5.13% | -2.34% | 3.36% | 8.04% | -3.48% | -1.34% | 2.89% | -4.43% | -3.67% | -1.10% | 6.52% |
| 2023 | 10.84% | -7.14% | 4.15% | -3.99% | 1.14% | 3.55% | 5.71% | -5.71% | -2.89% | -2.02% | 10.20% | 4.38% | 17.59% |
| 2022 | -1.80% | -7.48% | -5.15% | -6.14% | 1.83% | -8.37% | -0.71% | -0.60% | -12.11% | -4.01% | 17.10% | -3.05% | -28.66% |
| 2021 | 3.14% | 2.60% | -2.86% | 2.79% | 1.47% | 0.22% | -9.54% | -0.16% | -1.24% | 0.65% | -2.01% | 3.59% | -2.08% |
Benchmark Metrics
Delaware Emerging Markets Fund has an annualized alpha of 6.44%, beta of 0.78, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since June 10, 1996.
- This fund captured 114.09% of S&P 500 Index gains but only 97.51% of its losses - a favorable profile for investors.
- R2 of 0.45 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 6.44%
- Beta
- 0.78
- R²
- 0.45
- Upside Capture
- 114.09%
- Downside Capture
- 97.51%
Expense Ratio
DEMIX has a high expense ratio of 1.26%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DEMIX 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Delaware Emerging Markets Fund (DEMIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DEMIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.86 | ||
| Sortino ratioReturn per unit of downside risk | +2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.79 | 1.35 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 12.45 | 2.66 | +9.80 |
| Martin ratioReturn relative to average drawdown | 45.44 | 11.86 | +33.58 |
Dividends
Dividend History
Delaware Emerging Markets Fund provided a 8.08% dividend yield over the last twelve months, with an annual payout of $5.98 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $5.98 | $5.98 | $0.41 | $0.58 | $0.32 | $0.83 | $0.23 | $0.17 | $0.11 | $0.37 | $0.14 | $0.04 |
Dividend yield | 8.08% | 18.97% | 1.99% | 2.95% | 1.89% | 3.42% | 0.87% | 0.80% | 0.65% | 1.80% | 0.94% | 0.30% |
Monthly Dividends
The table displays the monthly dividend distributions for Delaware Emerging Markets Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $5.98 | $5.98 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 | $0.58 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $0.83 |
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 Delaware Emerging Markets Fund. 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 Delaware Emerging Markets Fund was 63.15%, occurring on Nov 20, 2008. Recovery took 532 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -63.15%Nov 2008 | 1y 20d | 2y 1mo | 3y 2moNov 2007 - Jan 2011 |
1998 bear market1998 | -57.10%Sep 1998 | 1y 2mo | 5y 3mo | 6y 5moJul 1997 - Dec 2003 |
Bear market2022 | -46.29%Oct 2022 | 1y 8mo | 2y 8mo | 4y 4moFeb 2021 - Jun 2025 |
2016 bear market2016 | -40.26%Feb 2016 | 1y 5mo | 1y 3mo | 2y 8moSep 2014 - May 2017 |
COVID crash2020 | -38.35%Mar 2020 | 2y 1mo | 4mo 8d | 2y 6moJan 2018 - Jul 2020 |
Drawdown Indicators
| DEMIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.15% | -56.78% | -6.37% |
Max Drawdown (1Y)Largest decline over 1 year | -21.01% | -9.10% | -11.91% |
Max Drawdown (3Y)Largest decline over 3 years | -22.62% | -18.90% | -3.72% |
Max Drawdown (5Y)Largest decline over 5 years | -42.96% | -25.43% | -17.53% |
Max Drawdown (10Y)Largest decline over 10 years | -46.29% | -33.92% | -12.37% |
Current DrawdownCurrent decline from peak | 0.00% | -2.49% | +2.49% |
Average DrawdownAverage peak-to-trough decline | -18.43% | -10.72% | -7.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.74% | 2.03% | +3.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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