PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Mercer Non-US Core Equity Fund (MNCEX) Sharpe Ratio: 1.74

Mutual Fund · Currency in USD · Last updated Aug 1, 2026

The investment seeks to provide long-term total return, which includes capital appreciation and income. The fund invests principally in equity securities (such as common stock) issued by non-U.S. companies of any capitalization, located in the world's developed and emerging capital markets. It employs a "core equity" investment strategy that seeks to meet the fund's investment objective by investing in both growth- and value-oriented equity securities. Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes, if any) in the equity securities of non-U.S. companies.

MNCEX's Sharpe Ratio of 1.74 indicates that for each unit of volatility, it generates 1.74 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 1, 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. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

MNCEX Sharpe Ratio Rank

MNCEX Sharpe Ratio Rank: 73.473
Above Average

MNCEX ranks above 73.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. 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

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

MNCEX Sharpe Ratio Market Positioning

The chart shows MNCEX'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%): 0.93 or lower
  • Yellow zone (middle 50%): 0.93 to 1.81
  • Green zone (top 25%): 1.81 or higher
  • Top 1%: 3.70+
  • Median: 1.45 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Mercer Non-US Core Equity Fund's Sharpe Ratio with other mutual funds in the Foreign Large Cap Equities category across multiple time periods, showing how MNCEX'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 Aug 1, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
GTMIXGMO Tax-Managed International Equities Fund3.49
SAHMXSA International Value Fund3.16
PTSIXPIMCO RAE PLUS International Fund3.03
VIHAXVanguard International High Dividend Yield Index Fund Admiral Shares2.85
SWRLXTouchstone International Equity Fund2.84
JNVMXJPMorgan Developed International Value Fund Class R62.74
GTCIXGlenmede Quantitative International Equity Portfolio2.73
JNUSXJPMorgan International Value Fund2.72
JFEAXJPMorgan Developed International Value Fund Class A2.69
DFVIXDFA International Value III Portfolio2.69
MNCEXMercer Non-US Core Equity Fund1.74
Benchmark

Compare this symbol against anything

Time Period

How much price history to include in the calculation

Historical Sharpe Ratio

The chart shows MNCEX'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 MNCEX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does MNCEX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio