Virtus Vontobel Emerging Markets Opportunities Fund (HIEMX)

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Virtus Vontobel Emerging Markets Opportunities Fund (HIEMX) is down 10.6% since the beginning of the year. HIEMX is currently trading at $8 per share. Investors who bought $1,000 worth of HIEMX shares 5 years ago would now be looking at an investment worth $699.

Virtus Vontobel Emerging Markets Opportunities Fund (HIEMX) has returned -10.63% so far this year and -4.89% over the past 12 months. Over the last ten years, HIEMX has returned 0.85% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Oct 20, 1997, HIEMX's average daily return is +0.02%, while the average monthly return is +0.53%. At this rate, an investment would double in approximately 10.9 years.

Historically, 58% of months were positive and 42% were negative. The best month was Apr 1999 with a return of +19.6%, while the worst month was Aug 1998 at -25.3%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.

On a daily basis, HIEMX closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +14.1%, while the worst single day was Mar 16, 2020 at -10.6%.

Virtus Vontobel Emerging Markets Opportunities Fund has an annualized alpha of 0.16%, beta of 0.65, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since October 20, 1997.

• This fund participated in 99.33% of S&P 500 Index downside but only 85.70% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.65 may look defensive, but with R2 of 0.47 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.47 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

HIEMX has a high expense ratio of 1.24%, indicating above-average management fees.

HIEMX ranks 1 for risk / return — in the bottom 1% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Virtus Vontobel Emerging Markets Opportunities Fund provided a 2.11% dividend yield over the last twelve months, with an annual payout of $0.16 per share.

The table displays the monthly dividend distributions for Virtus Vontobel Emerging Markets Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Virtus Vontobel Emerging Markets Opportunities 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 Virtus Vontobel Emerging Markets Opportunities Fund was 58.48%, occurring on Oct 27, 2008. Recovery took 616 trading sessions.

The current Virtus Vontobel Emerging Markets Opportunities Fund drawdown is 35.78%.

The chart below shows the rolling one-month volatility.