- ISIN
- US9210758754
- CUSIP
- 921075875
- Issuer
- VanEck
- Inception Date
- Dec 19, 1993
- Category
- Emerging Markets Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
GBFAX Performance Chart
VanEck Emerging Markets Fund (GBFAX) is up 14.0% since the beginning of the year. GBFAX is currently trading at $20 per share. Investors who bought $1,000 worth of GBFAX shares 5 years ago would now be looking at an investment worth $1,101.
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Returns By Period
VanEck Emerging Markets Fund (GBFAX) has returned 13.96% so far this year and 30.85% over the past 12 months. Over the last ten years, GBFAX has returned 5.90% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
VanEck Emerging Markets Fund
- 1D
- 3.67%
- 1M
- -3.84%
- 6M
- 6.03%
- YTD
- 13.96%
- 1Y
- 30.85%
- 3Y*
- 13.65%
- 5Y*
- 1.94%
- 10Y*
- 5.90%
- ALL TIME*
- 6.46%
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%
GBFAX Monthly Returns History
Based on dividend-adjusted daily data since Dec 17, 1993, GBFAX's average daily return is +0.03%, while the average monthly return is +0.71%. At this rate, an investment would double in approximately 8.2 years.
Historically, 59% of months were positive and 41% were negative. The best month was May 2009 with a return of +28.4%, while the worst month was Oct 2008 at -33.9%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 9 months.
On a daily basis, GBFAX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +10.8%, while the worst single day was Mar 16, 2020 at -10.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.48% | 3.86% | -10.73% | 14.07% | 7.35% | 1.10% | -7.62% | 13.96% | |||||
| 2025 | 1.13% | 0.82% | -0.00% | 2.22% | 4.57% | 6.45% | -1.24% | 3.36% | 5.74% | 4.53% | -2.31% | 1.86% | 30.27% |
| 2024 | -3.36% | 5.26% | 2.50% | -0.21% | 2.94% | 0.77% | -0.90% | 1.33% | 2.34% | -3.77% | -3.50% | -3.20% | -0.31% |
| 2023 | 9.39% | -7.01% | 0.24% | 0.16% | -1.92% | 4.07% | 6.97% | -3.73% | -4.79% | -4.39% | 9.77% | 3.11% | 10.60% |
| 2022 | -5.58% | -8.96% | -5.33% | -6.79% | 0.31% | -6.49% | 3.80% | -1.11% | -11.18% | 2.17% | 14.98% | -1.86% | -25.21% |
| 2021 | 4.63% | 0.36% | -4.27% | 2.85% | -0.05% | 0.88% | -6.27% | 2.54% | -4.62% | 0.50% | -6.66% | -1.98% | -12.13% |
Benchmark Metrics
VanEck Emerging Markets Fund has an annualized alpha of 0.21%, beta of 0.76, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since December 17, 1993.
- This fund participated in 107.99% of S&P 500 Index downside but only 97.32% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.21%
- Beta
- 0.76
- R²
- 0.57
- Upside Capture
- 97.32%
- Downside Capture
- 107.99%
Expense Ratio
GBFAX has a high expense ratio of 1.53%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GBFAX ranks 39 for risk / return — above 39% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for VanEck Emerging Markets Fund (GBFAX) 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.
| GBFAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.00 | -0.01 |
| Martin ratioReturn relative to average drawdown | 6.44 | 8.49 | -2.05 |
Dividends
Dividend History
VanEck Emerging Markets Fund provided a 0.56% dividend yield over the last twelve months, with an annual payout of $0.11 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.11 | $0.11 | $0.12 | $0.16 | $0.47 | $1.38 | $0.03 | $0.28 | $0.00 | $0.02 | $0.02 | $0.00 |
Dividend yield | 0.56% | 0.64% | 0.92% | 1.17% | 3.85% | 8.09% | 0.15% | 1.56% | 0.03% | 0.10% | 0.13% | 0.01% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck 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 | $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 | $0.11 | $0.11 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.47 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.38 | $1.38 |
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 VanEck 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 VanEck Emerging Markets Fund was 75.51%, occurring on Nov 20, 2008. Recovery took 2175 trading sessions.
The current VanEck Emerging Markets Fund drawdown is 10.38%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-75.51%Nov 2008 | 1y 20d | 8y 7mo | 9y 8moNov 2007 - Jul 2017 | Financial crisis2007–2009 |
-62.26%Oct 2002 | 2y 6mo | 2y 11mo | 5y 5moMar 2000 - Sep 2005 | Dot-com crash2000–2002 |
-50.34%Oct 2022 | 1y 8mo | 3y 6mo | 5y 2moFeb 2021 - May 2026 | Bear market2022 |
-38.15%Mar 2020 | 2y 1mo | 7mo 17d | 2y 9moJan 2018 - Nov 2020 | COVID crash2020 |
-20.59%Jun 2006 | 1mo 4d | 5mo 11d | 6mo 15dMay 2006 - Nov 2006 | — |
Drawdown Indicators
| GBFAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.51% | -56.78% | -18.73% |
Max Drawdown (1Y)Largest decline over 1 year | -14.62% | -9.10% | -5.52% |
Max Drawdown (3Y)Largest decline over 3 years | -19.10% | -18.90% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -44.43% | -25.43% | -19.00% |
Max Drawdown (10Y)Largest decline over 10 years | -50.34% | -33.92% | -16.42% |
Current DrawdownCurrent decline from peak | -10.38% | -1.58% | -8.80% |
Average DrawdownAverage peak-to-trough decline | -19.75% | -10.70% | -9.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 2.14% | +2.37% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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