Harding Loevner Institutional Emerging Markets Portfolio (HLMEX) belongs to the Emerging Markets Diversified category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with HLMEX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HLMEX
HLMEX charges 1.10% annually. There are 83 mutual funds in the Emerging Markets Diversified category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Emerging Markets Index Fund | 0.08% | — | Sep 2011 | HLMEX vs FPADX | |
| Fidelity SAI Emerging Markets Index Fund | 0.08% | — | Jan 2016 | HLMEX vs FERGX | |
| Franklin Emerging Market Core Equity (IU) Fund Adv... | 0.17% | — | Jul 2019 | HLMEX vs FCEEX | |
| State Street Emerging Markets Equity Index Fund | 0.17% | — | Dec 2015 | HLMEX vs SSKEX | |
| TIAA-CREF Emerging Markets Equity Index Fund | 0.19% | — | Aug 2010 | HLMEX vs TEQLX |
Best Risk-Adjusted Alternatives to HLMEX
HLMEX has a PortfoliosLab risk / return rank of 73. There are 49 mutual funds in the Emerging Markets Diversified category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 95 | — | Jun 1996 | HLMEX vs DEMIX | |
| Lazard Emerging Markets Equity Portfolio | 93 | — | Jul 1994 | HLMEX vs LZEMX | |
| Franklin Templeton SMACS: Series EM | 92 | — | Nov 2021 | HLMEX vs FQEMX | |
| Dodge & Cox Emerging Markets Stock Fund | 91 | — | May 2021 | HLMEX vs DODEX | |
| GMO Emerging Markets ex-China Fund | 90 | — | Oct 2021 | HLMEX vs GMAQX |
Top Performing HLMEX Alternatives (YTD)
HLMEX is at 16.94% YTD. There are 123 mutual funds in the Emerging Markets Diversified category with higher YTD returns, going as high as 102.63%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 102.63% | — | Jun 1996 | HLMEX vs DEMIX | |
| Franklin Templeton SMACS: Series EM | 62.73% | — | Nov 2021 | HLMEX vs FQEMX | |
| Martin Currie SMA-Shares Series EM Fund | 45.45% | — | Jan 2018 | HLMEX vs LCSMX | |
| GMO Emerging Markets ex-China Fund | 43.04% | — | Oct 2021 | HLMEX vs GMAQX | |
| Invesco EQV Emerging Markets All Cap Fd | 36.49% | — | Jan 1994 | HLMEX vs GTDDX |
Lowest Volatility Alternatives to HLMEX
HLMEX has 16.72% 1-year volatility. There are 27 mutual funds in the Emerging Markets Diversified category with lower 1-year volatility, going as low as 10.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 10.56% | — | Oct 2011 | HLMEX vs ESCIX | |
| GQG Partners Emerging Markets Equity Fund | 11.42% | — | Dec 2016 | HLMEX vs GQGPX | |
| Virtus KAR Emerging Markets Small-Cap Fund | 11.71% | — | Dec 2013 | HLMEX vs VIESX | |
| The Cook & Bynum Fund | 11.77% | — | Jun 2009 | HLMEX vs COBYX | |
| Harding Loevner Frontier Emerging Markets Fund | 12.18% | — | May 2008 | HLMEX vs HLFMX |
Lowest Drawdown Alternatives to HLMEX
HLMEX has a 1-year max drawdown of -12.12%. There are 38 mutual funds in the Emerging Markets Diversified category with shallower 1-year drawdowns, going as shallow as -5.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | -5.70% | — | Oct 2011 | HLMEX vs ESCIX | |
| Wasatch Emerging Markets Small Cap Fund | -8.76% | — | Sep 2007 | HLMEX vs WAEMX | |
| BlackRock Defensive Advantage Emerging Markets Fun... | -8.89% | — | Dec 2020 | HLMEX vs BADEX | |
| The Cook & Bynum Fund | -8.95% | — | Jun 2009 | HLMEX vs COBYX | |
| GQG Partners Emerging Markets Equity Fund | -9.12% | — | Dec 2016 | HLMEX vs GQGPX |
Other Mutual Funds from Harding Loevner
The 3 most viewed Harding Loevner mutual funds shown here include HLMIX, HLMSX, HLMGX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Harding Loevner International Equity Portfolio | Foreign Large Cap Equities | 64 | 13.84% | — | May 1994 | HLMEX vs HLMIX | |
| Harding Loevner International Small Companies Port... | Foreign Small & Mid Cap Equities | 5 | 5.62% | — | Mar 2007 | HLMEX vs HLMSX | |
| Harding Loevner Global Equity Portfolio | Global Equities | 12 | 4.56% | — | Nov 1996 | HLMEX vs HLMGX |
Often Compared With HLMEX
Investors most often compare HLMEX with VIGAX, VEMAX, CEMFX. These 19 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare HLMEX with Any Fund or Stock
Compare HLMEX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HLMEX with funds that move differently
Harding Loevner Institutional Emerging Markets Portfolio alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HLMEX.
Explore HLMEX Diversifiers