Northern Active M Emerging Market Equity Fund (NMMEX) 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 NMMEX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NMMEX
NMMEX charges 1.10% annually. There are 83 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 | NMMEX vs FPADX | |
| Fidelity SAI Emerging Markets Index Fund | 0.08% | — | Jan 2016 | NMMEX vs FERGX | |
| Franklin Emerging Market Core Equity (IU) Fund Adv... | 0.17% | — | Jul 2019 | NMMEX vs FCEEX | |
| State Street Emerging Markets Equity Index Fund | 0.17% | — | Dec 2015 | NMMEX vs SSKEX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.19% | — | May 2018 | NMMEX vs EMPTX |
Best Risk-Adjusted Alternatives to NMMEX
NMMEX has a PortfoliosLab risk / return rank of 92. There are 39 mutual funds in the Emerging Markets Diversified category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin Templeton SMACS: Series EM | 98 | — | Nov 2021 | NMMEX vs FQEMX | |
| Delaware Emerging Markets Fund | 98 | — | Jun 1996 | NMMEX vs DEMIX | |
| Martin Currie SMA-Shares Series EM Fund | 98 | — | Jan 2018 | NMMEX vs LCSMX | |
| GMO Emerging Markets ex-China Fund | 97 | — | Oct 2021 | NMMEX vs GMAQX | |
| LSV Emerging Markets Equity Fund | 97 | — | Jan 2019 | NMMEX vs LVAZX |
Top Performing NMMEX Alternatives (YTD)
NMMEX is at 31.93% YTD. There are 44 mutual funds in the Emerging Markets Diversified category with higher YTD returns, going as high as 112.88%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 112.88% | — | Jun 1996 | NMMEX vs DEMIX | |
| Franklin Templeton SMACS: Series EM | 90.39% | — | Nov 2021 | NMMEX vs FQEMX | |
| Martin Currie SMA-Shares Series EM Fund | 67.99% | — | Jan 2018 | NMMEX vs LCSMX | |
| GMO Emerging Markets ex-China Fund | 56.32% | — | Oct 2021 | NMMEX vs GMAQX | |
| Invesco EQV Emerging Markets All Cap Fd | 47.70% | — | Jan 1994 | NMMEX vs GTDDX |
Lowest Volatility Alternatives to NMMEX
NMMEX has 17.71% 1-year volatility. There are 81 mutual funds in the Emerging Markets Diversified category with lower 1-year volatility, going as low as 10.37%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Defensive Advantage Emerging Markets Fun... | 10.37% | — | Dec 2020 | NMMEX vs BADEX | |
| Virtus KAR Emerging Markets Small-Cap Fund | 11.05% | — | Dec 2013 | NMMEX vs VIESX | |
| GQG Partners Emerging Markets Equity Fund | 11.32% | — | Dec 2016 | NMMEX vs GQGPX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 11.53% | — | Oct 2011 | NMMEX vs ESCIX | |
| Parametric Emerging Markets Fund | 11.57% | — | Jun 2006 | NMMEX vs EAEMX |
Lowest Drawdown Alternatives to NMMEX
NMMEX has a 1-year max drawdown of -14.25%. There are 135 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 | NMMEX vs ESCIX | |
| Wasatch Emerging Markets Small Cap Fund | -7.89% | — | Sep 2007 | NMMEX vs WAEMX | |
| BlackRock Defensive Advantage Emerging Markets Fun... | -8.89% | — | Dec 2020 | NMMEX vs BADEX | |
| The Cook & Bynum Fund | -8.95% | — | Jun 2009 | NMMEX vs COBYX | |
| GQG Partners Emerging Markets Equity Fund | -9.12% | — | Dec 2016 | NMMEX vs GQGPX |
Other Mutual Funds from Northern Funds
The 10 most viewed Northern Funds mutual funds shown here include NOIEX, NOSIX, NHFIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Northern Income Equity Fund | Large Cap Value Equities | 83 | 12.80% | — | Mar 1994 | NMMEX vs NOIEX | |
| Northern Stock Index Fund | Large Cap Blend Equities | 74 | 11.68% | — | Oct 1996 | NMMEX vs NOSIX | |
| Northern High Yield Fixed Income Fund | High Yield Bonds | 81 | 1.87% | — | Dec 1998 | NMMEX vs NHFIX | |
| Northern Global Sustainability Index Fund | Global Equities | 53 | 9.87% | — | Mar 2008 | NMMEX vs NSRIX | |
| Northern International Equity Index Fund | Foreign Large Cap Equities | 27 | 9.68% | — | Mar 2005 | NMMEX vs NOINX | |
| Northern Small Cap Value Fund | Small Cap Value Equities | 65 | 16.32% | — | Mar 1994 | NMMEX vs NOSGX | |
| Northern Small Cap Core Fund | Small Cap Blend Equities | 64 | 16.84% | — | Sep 1999 | NMMEX vs NSGRX | |
| Northern Large Cap Core Fund | Large Cap Blend Equities | 83 | 10.82% | — | Dec 2005 | NMMEX vs NOLCX | |
| Northern Bond Index Fund | Intermediate Core Bond | 19 | 0.04% | — | Feb 2007 | NMMEX vs NOBOX | |
| Northern Mid Cap Index Fund | Mid Cap Blend Equities | 45 | 14.18% | — | Mar 2005 | NMMEX vs NOMIX |
Often Compared With NMMEX
Investors most often compare NMMEX with EFEIX, TEQLX, NOCBX. These 15 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare NMMEX with Any Fund or Stock
Compare NMMEX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NMMEX with funds that move differently
Northern Active M Emerging Market Equity Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NMMEX.
Explore NMMEX Diversifiers