Martin Currie Emerging Markets Fund (MCEMX) 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 MCEMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MCEMX
MCEMX charges 0.85% annually. There are 33 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 | MCEMX vs FPADX | |
| Fidelity SAI Emerging Markets Index Fund | 0.08% | — | Jan 2016 | MCEMX vs FERGX | |
| Franklin Emerging Market Core Equity (IU) Fund Adv... | 0.17% | — | Jul 2019 | MCEMX vs FCEEX | |
| State Street Emerging Markets Equity Index Fund | 0.17% | — | Dec 2015 | MCEMX vs SSKEX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.19% | — | May 2018 | MCEMX vs EMPTX |
Best Risk-Adjusted Alternatives to MCEMX
MCEMX has a PortfoliosLab risk / return rank of 79. There are 77 mutual funds in the Emerging Markets Diversified category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 97 | — | Jun 1996 | MCEMX vs DEMIX | |
| Franklin Templeton SMACS: Series EM | 96 | — | Nov 2021 | MCEMX vs FQEMX | |
| Martin Currie SMA-Shares Series EM Fund | 95 | — | Jan 2018 | MCEMX vs LCSMX | |
| GMO Emerging Markets ex-China Fund | 94 | — | Oct 2021 | MCEMX vs GMAQX | |
| LSV Emerging Markets Equity Fund | 93 | — | Jan 2019 | MCEMX vs LVAZX |
Top Performing MCEMX Alternatives (YTD)
MCEMX is at 24.25% YTD. There are 71 mutual funds in the Emerging Markets Diversified category with higher YTD returns, going as high as 125.98%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 125.98% | — | Jun 1996 | MCEMX vs DEMIX | |
| Franklin Templeton SMACS: Series EM | 75.65% | — | Nov 2021 | MCEMX vs FQEMX | |
| Martin Currie SMA-Shares Series EM Fund | 57.98% | — | Jan 2018 | MCEMX vs LCSMX | |
| GMO Emerging Markets ex-China Fund | 44.54% | — | Oct 2021 | MCEMX vs GMAQX | |
| Invesco EQV Emerging Markets All Cap Fd | 40.89% | — | Jan 1994 | MCEMX vs GTDDX |
Lowest Volatility Alternatives to MCEMX
MCEMX has 24.34% 1-year volatility. There are 158 mutual funds in the Emerging Markets Diversified category with lower 1-year volatility, going as low as 11.19%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 11.19% | — | Oct 2011 | MCEMX vs ESCIX | |
| Virtus KAR Emerging Markets Small-Cap Fund | 11.54% | — | Dec 2013 | MCEMX vs VIESX | |
| GQG Partners Emerging Markets Equity Fund | 11.57% | — | Dec 2016 | MCEMX vs GQGPX | |
| The Cook & Bynum Fund | 11.91% | — | Jun 2009 | MCEMX vs COBYX | |
| BlackRock Defensive Advantage Emerging Markets Fun... | 12.07% | — | Dec 2020 | MCEMX vs BADEX |
Lowest Drawdown Alternatives to MCEMX
MCEMX has a 1-year max drawdown of -14.34%. There are 139 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 | MCEMX vs ESCIX | |
| Wasatch Emerging Markets Small Cap Fund | -7.89% | — | Sep 2007 | MCEMX vs WAEMX | |
| BlackRock Defensive Advantage Emerging Markets Fun... | -8.89% | — | Dec 2020 | MCEMX vs BADEX | |
| The Cook & Bynum Fund | -8.95% | — | Jun 2009 | MCEMX vs COBYX | |
| GQG Partners Emerging Markets Equity Fund | -9.12% | — | Dec 2016 | MCEMX vs GQGPX |
Other Mutual Funds from Legg Mason
The 10 most viewed Legg Mason mutual funds shown here include LCSSX, LMISX, ARMGX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ClearBridge Select Fund | Mid Cap Growth Equities | 10 | 1.89% | — | Nov 2012 | MCEMX vs LCSSX | |
| Franklin U.S. Large Cap Equity Fund | Large Cap Blend Equities | 68 | 8.33% | — | Apr 2008 | MCEMX vs LMISX | |
| Western Asset Ultra-Short Income Fund | Ultrashort Bond | 98 | 1.07% | — | Jun 1992 | MCEMX vs ARMGX | |
| ClearBridge Sustainability Leaders Fund | Large Cap Blend Equities | 38 | 8.68% | — | Mar 2015 | MCEMX vs LCILX | |
| BrandywineGLOBAL - Global Opportunities Bond Fund | Global Bonds | 8 | 1.52% | — | Oct 2006 | MCEMX vs GOBSX | |
| Western Asset SMASh Series M Fund | Intermediate Core-Plus Bond | 34 | 0.83% | — | Dec 2006 | MCEMX vs LMSMX | |
| ClearBridge Value Trust | Large Cap Value Equities | 41 | 9.77% | — | Apr 1982 | MCEMX vs LMVTX | |
| ClearBridge Global Infrastructure Income Fund | Energy Equities | 54 | 12.16% | — | Mar 2016 | MCEMX vs RGSVX | |
| Franklin International Equity Fund | Foreign Large Cap Equities | 28 | 7.52% | — | Feb 1995 | MCEMX vs LMGEX | |
| ClearBridge International Growth Fund | Foreign Large Cap Equities | 11 | 4.64% | — | Apr 1995 | MCEMX vs LMGTX |
Often Compared With MCEMX
Investors most often compare MCEMX with DRESX, EAEMX, GLLSX. These 7 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Driehaus Emerging Markets Small Cap Growth Fund | Emerging Markets Diversified | 63 | 16.20% | — | Aug 2011 | MCEMX vs DRESX | |
| Parametric Emerging Markets Fund | Emerging Markets Diversified | 63 | 9.13% | — | Jun 2006 | MCEMX vs EAEMX | |
| abrdn Emerging Markets ex-China Fund | Emerging Markets Diversified | 90 | 39.80% | — | Aug 2000 | MCEMX vs GLLSX | |
| Parametric Tax-Managed Emerging Markets Fund | Emerging Markets Diversified | 64 | 9.00% | — | Jun 1998 | MCEMX vs EITEX | |
| PGIM Jennison Emerging Markets Equity Opportunitie... | Emerging Markets Diversified | 45 | 27.81% | — | Sep 2014 | MCEMX vs PDEZX | |
| TIAA-CREF Emerging Markets Equity Index Fund | Emerging Markets Diversified | 74 | 23.58% | — | Aug 2010 | MCEMX vs TEQLX | |
| Voya Multi-Manager Emerging Markets Equity Fund | Emerging Markets Diversified | 90 | 35.05% | — | Oct 2011 | MCEMX vs IEMGX |
Compare MCEMX with Any Fund or Stock
Compare MCEMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MCEMX with funds that move differently
Martin Currie Emerging Markets Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MCEMX.
Explore MCEMX Diversifiers