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Harding Loevner Institutional Emerging Markets Portfolio (HLMEX) Sharpe Ratio: -0.68

HLMEX's Sharpe Ratio of -0.68 indicates that for each unit of volatility, it generates -0.68 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 2, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

HLMEX Sharpe Ratio Rank

HLMEX Sharpe Ratio Rank: 0.81
Concerning

HLMEX ranks above 0.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

HLMEX Sharpe Ratio Market Positioning

The chart shows HLMEX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.76 or lower
  • Yellow zone (middle 50%): 0.76 to 1.49
  • Green zone (top 25%): 1.49 or higher
  • Top 1%: 3.52+
  • Median: 1.10 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Harding Loevner Institutional Emerging Markets Portfolio's Sharpe Ratio with other mutual funds in the Emerging Markets Diversified category across multiple time periods, showing how HLMEX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Apr 2, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
DEMIXDelaware Emerging Markets Fund3.23
FQEMXFranklin Templeton SMACS: Series EM3.07
LZEMXLazard Emerging Markets Equity Portfolio2.95
LCSMXMartin Currie SMA-Shares Series EM Fund2.92
BEMIXBrandes Emerging Markets Fund2.82
SFVLXSeafarer Overseas Value Fund2.81
ESCIXAshmore Emerging Markets Small Cap Equity Fund2.72
GLLSXabrdn Emerging Markets ex-China Fund2.70
LVAZXLSV Emerging Markets Equity Fund2.70
GMAQXGMO Emerging Markets ex-China Fund2.61
HLMEXHarding Loevner Institutional Emerging Markets Portfolio-0.68

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows HLMEX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when HLMEX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Explore HLMEX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

HLMEX Sortino Ratio