MEMAX Alternatives & Similar Mutual Funds

MFS Emerging Markets Equity Fund (MEMAX) belongs to the Emerging Markets Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MEMAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to MEMAX

MEMAX charges 1.31% annually. There are 164 mutual funds in the Emerging Markets Equities category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
FHKFX	Fidelity Series Emerging Markets Fund	0.01%	—	Aug 2018	MEMAX vs FHKFX
FEMSX	Fidelity Series Emerging Markets Opportunities Fun...	0.01%	—	Dec 2008	MEMAX vs FEMSX
VEMIX	Vanguard Emerging Markets Stock Index Fund Institu...	0.06%	—	Jun 2000	MEMAX vs VEMIX
FPADX	Fidelity Emerging Markets Index Fund	0.08%	—	Sep 2011	MEMAX vs FPADX
FERGX	Fidelity SAI Emerging Markets Index Fund	0.08%	—	Jan 2016	MEMAX vs FERGX

Best Risk-Adjusted Alternatives to MEMAX

MEMAX has a PortfoliosLab risk / return rank of 52. There are 144 mutual funds in the Emerging Markets Equities category with higher risk-adjusted ranks, going as high as 94.

Symbol	Name	Risk / Return Rank	AUM	Inception
LZEMX	Lazard Emerging Markets Equity Portfolio	94	—	Jul 1994	MEMAX vs LZEMX
RLEMX	Lazard Emerging Markets Equity Portfolio Class R6	94	—	—	MEMAX vs RLEMX
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	92	—	Oct 2011	MEMAX vs ESCIX
DEMIX	Delaware Emerging Markets Fund	91	—	Jun 1996	MEMAX vs DEMIX
DEMAX	Nomura Emerging Markets Fund Class A	91	—	Jun 1996	MEMAX vs DEMAX

Top Performing MEMAX Alternatives (YTD)

MEMAX is at 12.97% YTD. There are 155 mutual funds in the Emerging Markets Equities category with higher YTD returns, going as high as 68.59%.

Symbol	Name	YTD Return	AUM	Inception
DEMIX	Delaware Emerging Markets Fund	68.59%	—	Jun 1996	MEMAX vs DEMIX
DEMAX	Nomura Emerging Markets Fund Class A	68.34%	—	Jun 1996	MEMAX vs DEMAX
DEMCX	Nomura Emerging Markets Fund Class C	67.60%	—	Jun 1996	MEMAX vs DEMCX
FQEMX	Franklin Templeton SMACS: Series EM	50.59%	—	Nov 2021	MEMAX vs FQEMX
GMAQX	GMO Emerging Markets ex-China Fund	37.39%	—	Oct 2021	MEMAX vs GMAQX

Lowest Volatility Alternatives to MEMAX

MEMAX has 18.43% 1-year volatility. There are 56 mutual funds in the Emerging Markets Equities category with lower 1-year volatility, going as low as 9.88%.

Symbol	Name	Volatility 1Y	AUM	Inception
GSIYX	Goldman Sachs GQG Partners International Opportuni...	9.88%	—	Dec 2016	MEMAX vs GSIYX
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	10.28%	—	Oct 2011	MEMAX vs ESCIX
GQGPX	GQG Partners Emerging Markets Equity Fund	11.51%	—	Dec 2016	MEMAX vs GQGPX
GQGIX	GQG Partners Emerging Markets Equity Fund Institut...	11.53%	—	—	MEMAX vs GQGIX
FGKPX	Fidelity SAI Emerging Markets Low Volatility Index...	11.80%	—	Jan 2019	MEMAX vs FGKPX

Lowest Drawdown Alternatives to MEMAX

MEMAX has a 1-year max drawdown of -12.27%. There are 52 mutual funds in the Emerging Markets Equities category with shallower 1-year drawdowns, going as shallow as -5.70%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	-5.70%	—	Oct 2011	MEMAX vs ESCIX
FGKPX	Fidelity SAI Emerging Markets Low Volatility Index...	-6.93%	—	Jan 2019	MEMAX vs FGKPX
GSIYX	Goldman Sachs GQG Partners International Opportuni...	-7.81%	—	Dec 2016	MEMAX vs GSIYX
BADEX	BlackRock Defensive Advantage Emerging Markets Fun...	-8.89%	—	Dec 2020	MEMAX vs BADEX
COBYX	The Cook & Bynum Fund	-8.95%	—	Jun 2009	MEMAX vs COBYX

Other Mutual Funds from MFS

The 10 most viewed MFS mutual funds shown here include MIEIX, MEIKX, MDIJX and span 4 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
MIEIX	MFS International Equity Fund Class R6	Foreign Large Cap Equities	40	8.67%	—	Jan 1996	MEMAX vs MIEIX
MEIKX	MFS Value Fund	Large Cap Value Equities	70	10.58%	—	May 2006	MEMAX vs MEIKX
MDIJX	MFS International Diversification Fund	Foreign Large Cap Equities	61	11.35%	—	Sep 2004	MEMAX vs MDIJX
MEIIX	MFS Value Fund Class I	Large Cap Value Equities	69	10.50%	—	Feb 1996	MEMAX vs MEIIX
MIGFX	MFS Massachusetts Investors Growth Stock Fund	Large Cap Growth Equities	6	-1.78%	—	Jan 1935	MEMAX vs MIGFX
MFEKX	MFS Growth R6	Large Cap Growth Equities	7	0.75%	—	Jun 2012	MEMAX vs MFEKX
MFEIX	MFS Growth I	Large Cap Growth Equities	7	0.70%	—	Jul 1997	MEMAX vs MFEIX
MINIX	MFS International Intrinsic Value Fund Class I	Large Cap Growth Equities, Foreign Large Cap Equities	51	9.12%	—	—	MEMAX vs MINIX
MEIAX	MFS Value Fund	Large Cap Value Equities	67	10.34%	—	Jan 1996	MEMAX vs MEIAX
MITTX	MFS Massachusetts Investors Trust	Large Cap Blend Equities	39	8.24%	—	Jul 1924	MEMAX vs MITTX

Often Compared With MEMAX

Investors most often compare MEMAX with EFEIX, EAEMX, SPXU. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
EFEIX	Ashmore Emerging Markets Frontier Equity Fund	Emerging Markets Equities	23	4.39%	—	Nov 2013	MEMAX vs EFEIX
EAEMX	Parametric Emerging Markets Fund	Emerging Markets Equities	61	9.08%	—	Jun 2006	MEMAX vs EAEMX
SPXU	ProShares UltraPro Short S&P500	S&P 500, Inverse Equities, Leveraged Equities	1	-23.69%	432.22M	Jun 2009	MEMAX vs SPXU
BEMIX	Brandes Emerging Markets Fund	Emerging Markets Equities	89	21.14%	—	Jan 2011	MEMAX vs BEMIX
SSKEX	State Street Emerging Markets Equity Index Fund	Emerging Markets Equities	65	17.04%	—	Dec 2015	MEMAX vs SSKEX
GLLSX	abrdn Emerging Markets ex-China Fund	Emerging Markets Equities	80	28.23%	—	Aug 2000	MEMAX vs GLLSX
FCEEX	Franklin Emerging Market Core Equity (IU) Fund Adv...	Emerging Markets Equities	64	17.90%	—	Jul 2019	MEMAX vs FCEEX
EITEX	Parametric Tax-Managed Emerging Markets Fund	Emerging Markets Equities	61	9.06%	—	Jun 1998	MEMAX vs EITEX
LVAZX	LSV Emerging Markets Equity Fund	Emerging Markets Equities	86	24.39%	—	Jan 2019	MEMAX vs LVAZX
EMPTX	UBS Emerging Markets Equity Opportunity Fund	Emerging Markets Equities	77	19.01%	—	May 2018	MEMAX vs EMPTX
LCSMX	Martin Currie SMA-Shares Series EM Fund	Emerging Markets Equities	83	35.37%	—	Jan 2018	MEMAX vs LCSMX
VIESX	Virtus KAR Emerging Markets Small-Cap Fund	Emerging Markets Equities	5	1.96%	—	Dec 2013	MEMAX vs VIESX
CEMFX	Cullen Emerging Markets High Dividend Fund	Emerging Markets Equities	71	15.68%	—	Aug 2012	MEMAX vs CEMFX
TEQLX	TIAA-CREF Emerging Markets Equity Index Fund	Emerging Markets Equities	58	16.24%	—	Aug 2010	MEMAX vs TEQLX
HLFMX	Harding Loevner Frontier Emerging Markets Fund	Emerging Markets Equities	27	6.49%	—	May 2008	MEMAX vs HLFMX
WAEMX	Wasatch Emerging Markets Small Cap Fund	Emerging Markets Equities	35	12.35%	—	Sep 2007	MEMAX vs WAEMX
PDEZX	PGIM Jennison Emerging Markets Equity Opportunitie...	Emerging Markets Equities	14	8.54%	—	Sep 2014	MEMAX vs PDEZX
GTDDX	Invesco EQV Emerging Markets All Cap Fd	Emerging Markets Equities	83	30.40%	—	Jan 1994	MEMAX vs GTDDX
IEMGX	Voya Multi-Manager Emerging Markets Equity Fund	Emerging Markets Equities	80	22.74%	—	Oct 2011	MEMAX vs IEMGX
DODEX	Dodge & Cox Emerging Markets Stock Fund	Emerging Markets Equities	88	19.88%	—	May 2021	MEMAX vs DODEX

Compare MEMAX with Any Fund or Stock

Compare MEMAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair MEMAX with funds that move differently

MFS Emerging Markets Equity Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MEMAX.

Explore MEMAX Diversifiers

MFS Emerging Markets Equity Fund (MEMAX) Alternatives