- ISIN
- US2908861006
- Issuer
- T. Rowe Price
- Inception Date
- May 29, 1986
- Category
- Emerging Markets Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
EMRGX Performance Chart
Emerging Markets Growth Fund, Inc. (EMRGX) is up 15.6% since the beginning of the year. EMRGX is currently trading at $10 per share. Investors who bought $1,000 worth of EMRGX shares 5 years ago would now be looking at an investment worth $1,184.
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Returns By Period
Emerging Markets Growth Fund, Inc. (EMRGX) has returned 15.60% so far this year and 30.94% over the past 12 months. Over the last ten years, EMRGX has returned 8.25% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Emerging Markets Growth Fund, Inc.
- 1D
- 3.27%
- 1M
- -2.30%
- 6M
- 7.83%
- YTD
- 15.60%
- 1Y
- 30.94%
- 3Y*
- 13.54%
- 5Y*
- 3.43%
- 10Y*
- 8.25%
- ALL TIME*
- 5.10%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
EMRGX Monthly Returns History
Based on dividend-adjusted daily data since Nov 3, 2014, EMRGX's average daily return is +0.03%, while the average monthly return is +0.55%. At this rate, an investment would double in approximately 10.5 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2022 with a return of +14.4%, while the worst month was Mar 2020 at -17.5%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 14 months.
On a daily basis, EMRGX closed higher 50% of trading days. The best single day was Mar 16, 2022 with a return of +7.3%, while the worst single day was Mar 16, 2020 at -10.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.21% | 4.30% | -10.68% | 11.95% | 8.46% | 0.39% | -5.05% | 15.60% | |||||
| 2025 | 2.24% | 0.00% | 1.75% | 2.73% | 4.76% | 5.07% | 0.38% | 2.41% | 6.06% | 2.45% | -1.25% | 1.39% | 31.55% |
| 2024 | -5.44% | 6.55% | 1.35% | -2.37% | 0.76% | 1.35% | 0.45% | 2.51% | 6.05% | -5.03% | -1.57% | -2.76% | 1.06% |
| 2023 | 9.97% | -6.73% | 0.94% | 1.71% | -2.44% | 4.38% | 5.85% | -6.66% | -3.95% | -3.00% | 7.33% | 2.02% | 8.09% |
| 2022 | -4.78% | -7.53% | -3.66% | -8.17% | -0.31% | -2.77% | -0.32% | -1.27% | -9.49% | -1.42% | 14.41% | -0.73% | -24.69% |
| 2021 | 2.34% | 2.60% | -1.52% | 2.06% | 3.03% | 1.18% | -4.65% | 1.73% | -1.90% | -0.51% | -3.68% | -1.05% | -0.73% |
Benchmark Metrics
Emerging Markets Growth Fund, Inc. has an annualized alpha of -2.40%, beta of 0.71, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since November 03, 2014.
- This fund participated in 96.54% of S&P 500 Index downside but only 70.12% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.49 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
- -2.40%
- Beta
- 0.71
- R²
- 0.49
- Upside Capture
- 70.12%
- Downside Capture
- 96.54%
Expense Ratio
EMRGX has an expense ratio of 0.76%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EMRGX ranks 51 for risk / return — above 51% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Emerging Markets Growth Fund, Inc. (EMRGX) 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.
| EMRGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.00 | +0.09 |
| Martin ratioReturn relative to average drawdown | 7.10 | 8.49 | -1.39 |
Dividends
Dividend History
Emerging Markets Growth Fund, Inc. provided a 3.43% dividend yield over the last twelve months, with an annual payout of $0.34 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.34 | $0.00 | $0.10 | $0.08 | $0.94 | $0.62 | $0.49 | $0.16 | $0.09 |
Dividend yield | 3.43% | 3.96% | 0.00% | 1.51% | 1.34% | 11.22% | 6.63% | 5.89% | 2.21% | 1.11% |
Monthly Dividends
The table displays the monthly dividend distributions for Emerging Markets Growth Fund, Inc.. 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 | $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 | $0.34 | $0.34 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.94 | $0.94 |
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 Emerging Markets Growth Fund, Inc.. 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 Emerging Markets Growth Fund, Inc. was 42.84%, occurring on Oct 24, 2022. Recovery took 813 trading sessions.
The current Emerging Markets Growth Fund, Inc. drawdown is 7.47%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-42.84%Oct 2022 | 1y 8mo | 3y 3mo | 4y 11moFeb 2021 - Jan 2026 | Bear market2022 |
-38.17%Jan 2016 | 1y 1mo | 1y 6mo | 2y 7moNov 2014 - Jul 2017 | — |
-33.53%Mar 2020 | 2mo 2d | 5mo 4d | 7mo 6dJan 2020 - Aug 2020 | COVID crash2020 |
-27.40%Oct 2018 | 9mo 3d | 1y 2mo | 1y 11moJan 2018 - Jan 2020 | Rate-hike selloffLate 2018 |
-13.38%Mar 2026 | 1mo 2d | 1mo 5d | 2mo 7dFeb 2026 - May 2026 | — |
Drawdown Indicators
| EMRGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.84% | -56.78% | +13.94% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -9.10% | -4.28% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -18.90% | +2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -41.00% | -25.43% | -15.57% |
Max Drawdown (10Y)Largest decline over 10 years | -42.84% | -33.92% | -8.92% |
Current DrawdownCurrent decline from peak | -7.47% | -1.58% | -5.89% |
Average DrawdownAverage peak-to-trough decline | -16.06% | -10.70% | -5.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 2.14% | +1.79% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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