- ISIN
- US46653M1045
- CUSIP
- 00770G821
- Issuer
- JOHCM Funds
- Inception Date
- Nov 19, 2012
- Category
- Emerging Markets Diversified
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
JOEMX Performance Chart
JOHCM Emerging Markets Opportunities Fund (JOEMX) is up 22.1% since the beginning of the year. JOEMX is currently trading at $18 per share. Investors who bought $1,000 worth of JOEMX shares 5 years ago would now be looking at an investment worth $1,507.
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Returns By Period
JOHCM Emerging Markets Opportunities Fund (JOEMX) has returned 22.13% so far this year and 44.26% over the past 12 months. Over the last ten years, JOEMX has returned 10.02% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
JOHCM Emerging Markets Opportunities Fund
- 1D
- 1.79%
- 1M
- 5.20%
- YTD
- 22.13%
- 6M
- 23.79%
- 1Y
- 44.26%
- 3Y*
- 19.98%
- 5Y*
- 8.55%
- 10Y*
- 10.02%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
JOEMX Monthly Returns History
Based on dividend-adjusted daily data since Nov 23, 2012, JOEMX's average daily return is +0.03%, while the average monthly return is +0.62%. At this rate, an investment would double in approximately 9.3 years.
Historically, 58% of months were positive and 42% were negative. The best month was Apr 2020 with a return of +11.8%, while the worst month was Mar 2020 at -17.6%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.
On a daily basis, JOEMX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +7.9%, while the worst single day was Mar 16, 2020 at -10.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.06% | 4.27% | -11.81% | 10.21% | 7.70% | 1.68% | 22.13% | ||||||
| 2025 | 5.01% | -2.51% | 3.09% | 1.08% | 7.17% | 3.38% | -0.22% | 4.55% | 4.99% | 2.31% | 0.20% | 2.78% | 36.38% |
| 2024 | -5.06% | 5.14% | 4.15% | -0.89% | 0.45% | 1.87% | -1.22% | 2.21% | 7.70% | -3.94% | -3.43% | -0.31% | 6.03% |
| 2023 | 6.49% | -5.37% | 3.75% | 0.19% | -3.24% | 5.74% | 4.07% | -6.26% | -3.80% | -4.91% | 7.19% | 4.54% | 7.18% |
| 2022 | 0.80% | -7.86% | -0.86% | -5.30% | 3.03% | -8.01% | 1.84% | -1.43% | -7.04% | 0.83% | 11.11% | -2.47% | -15.74% |
| 2021 | 0.78% | 2.71% | 0.75% | 0.82% | 3.94% | -0.50% | -4.96% | 0.98% | -4.72% | 0.55% | -3.13% | 4.55% | 1.29% |
Benchmark Metrics
JOHCM Emerging Markets Opportunities Fund has an annualized alpha of -1.51%, beta of 0.66, and R2 of 0.44 versus S&P 500 Index. Calculated based on daily prices since November 23, 2012.
- This fund participated in 94.81% of S&P 500 Index downside but only 69.28% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.66 may look defensive, but with R2 of 0.44 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 0.44 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.51%
- Beta
- 0.66
- R²
- 0.44
- Upside Capture
- 69.28%
- Downside Capture
- 94.81%
Expense Ratio
JOEMX has a high expense ratio of 1.02%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
JOEMX ranks 66 for risk / return — better than 66% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for JOHCM Emerging Markets Opportunities Fund (JOEMX) 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.
| JOEMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 2.78 | +0.15 |
| Martin ratioReturn relative to average drawdown | 10.69 | 12.44 | -1.75 |
Dividends
Dividend History
JOHCM Emerging Markets Opportunities Fund provided a 3.30% dividend yield over the last twelve months, with an annual payout of $0.60 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.60 | $0.60 | $0.14 | $0.19 | $0.21 | $0.46 | $0.14 | $0.43 | $0.46 | $0.08 | $0.08 |
Dividend yield | 3.30% | 4.03% | 1.22% | 1.76% | 2.08% | 3.67% | 1.13% | 3.85% | 4.55% | 0.63% | 0.86% |
Monthly Dividends
The table displays the monthly dividend distributions for JOHCM Emerging Markets Opportunities 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 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.46 |
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 JOHCM 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 JOHCM Emerging Markets Opportunities Fund was 38.23%, occurring on Mar 23, 2020. Recovery took 176 trading sessions.
The current JOHCM Emerging Markets Opportunities Fund drawdown is 0.60%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -38.23%Mar 2020 | 2y 1mo | 8mo 13d | 2y 10moJan 2018 - Dec 2020 |
2016 bear market2016 | -36.36%Feb 2016 | 9mo 19d | 1y 6mo | 2y 3moApr 2015 - Aug 2017 |
Bear market2022 | -29.88%Oct 2022 | 1y 4mo | 2y 7mo | 4y 3dJun 2021 - Jun 2025 |
2013 correction2013 | -15.68%Jun 2013 | 5mo 22d | 3mo 19d | 9mo 11dJan 2013 - Oct 2013 |
2026 correction2026 | -15.66%Mar 2026 | 1mo 1d | 1mo 7d | 2mo 8dFeb 2026 - May 2026 |
Drawdown Indicators
| JOEMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.23% | -56.78% | +18.55% |
Max Drawdown (1Y)Largest decline over 1 year | -15.66% | -9.10% | -6.56% |
Max Drawdown (3Y)Largest decline over 3 years | -15.73% | -18.90% | +3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -28.88% | -25.43% | -3.45% |
Max Drawdown (10Y)Largest decline over 10 years | -38.23% | -33.92% | -4.31% |
Current DrawdownCurrent decline from peak | -0.60% | -1.80% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -11.54% | -10.71% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.24% | 2.03% | +2.21% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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