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 | |
| UBS Emerging Markets Equity Opportunity Fund | 0.19% | — | May 2018 | HLMEX vs EMPTX |
Best Risk-Adjusted Alternatives to HLMEX
HLMEX has a PortfoliosLab risk / return rank of 85. There are 106 mutual funds in the Emerging Markets Diversified category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Templeton SMACS: Series EM | 98 | — | Nov 2021 | HLMEX vs FQEMX | |
| Delaware Emerging Markets Fund | 98 | — | Jun 1996 | HLMEX vs DEMIX | |
| Martin Currie SMA-Shares Series EM Fund | 98 | — | Jan 2018 | HLMEX vs LCSMX | |
| GMO Emerging Markets ex-China Fund | 97 | — | Oct 2021 | HLMEX vs GMAQX | |
| LSV Emerging Markets Equity Fund | 97 | — | Jan 2019 | HLMEX vs LVAZX |
Top Performing HLMEX Alternatives (YTD)
HLMEX is at 22.04% YTD. There are 128 mutual funds in the Emerging Markets Diversified category with higher YTD returns, going as high as 112.88%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 112.88% | — | Jun 1996 | HLMEX vs DEMIX | |
| Franklin Templeton SMACS: Series EM | 90.39% | — | Nov 2021 | HLMEX vs FQEMX | |
| Martin Currie SMA-Shares Series EM Fund | 67.99% | — | Jan 2018 | HLMEX vs LCSMX | |
| GMO Emerging Markets ex-China Fund | 57.96% | — | Oct 2021 | HLMEX vs GMAQX | |
| Invesco EQV Emerging Markets All Cap Fd | 49.96% | — | Jan 1994 | HLMEX vs GTDDX |
Lowest Volatility Alternatives to HLMEX
HLMEX has 14.80% 1-year volatility. There are 29 mutual funds in the Emerging Markets Diversified category with lower 1-year volatility, going as low as 10.37%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Defensive Advantage Emerging Markets Fun... | 10.37% | — | Dec 2020 | HLMEX vs BADEX | |
| Virtus KAR Emerging Markets Small-Cap Fund | 11.03% | — | Dec 2013 | HLMEX vs VIESX | |
| GQG Partners Emerging Markets Equity Fund | 11.32% | — | Dec 2016 | HLMEX vs GQGPX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 11.53% | — | Oct 2011 | HLMEX vs ESCIX | |
| Parametric Emerging Markets Fund | 11.57% | — | Jun 2006 | HLMEX vs EAEMX |
Lowest Drawdown Alternatives to HLMEX
HLMEX has a 1-year max drawdown of -12.12%. There are 39 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 | -7.89% | — | 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 5 most viewed Harding Loevner mutual funds shown here include HLMIX, HLFMX, HLEMX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Harding Loevner International Equity Portfolio | Foreign Large Cap Equities | 50 | 15.68% | — | May 1994 | HLMEX vs HLMIX | |
| Harding Loevner Frontier Emerging Markets Fund | Emerging Markets Diversified | 16 | 2.80% | — | May 2008 | HLMEX vs HLFMX | |
| Harding Loevner Emerging Markets Fund | Emerging Markets Diversified | — | — | — | Nov 1998 | HLMEX vs HLEMX | |
| Harding Loevner International Small Companies Port... | Foreign Small & Mid Cap Equities | 7 | 7.05% | — | Mar 2007 | HLMEX vs HLMSX | |
| Harding Loevner Global Equity Portfolio | Global Equities | 15 | 6.56% | — | Nov 1996 | HLMEX vs HLMGX |
Often Compared With HLMEX
Investors most often compare HLMEX with VIGAX, VEMAX, BEMIX. 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