Federated Hermes Emerging Markets Equity Fund (PIEFX) 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 PIEFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PIEFX
PIEFX charges 0.98% annually. There are 55 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 SAI Emerging Markets Index Fund | 0.08% | — | Jan 2016 | PIEFX vs FERGX | |
| Fidelity Emerging Markets Index Fund | 0.08% | — | Sep 2011 | PIEFX vs FPADX | |
| State Street Emerging Markets Equity Index Fund | 0.17% | — | Dec 2015 | PIEFX vs SSKEX | |
| Franklin Emerging Market Core Equity (IU) Fund Adv... | 0.17% | — | Jul 2019 | PIEFX vs FCEEX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.19% | — | May 2018 | PIEFX vs EMPTX |
Best Risk-Adjusted Alternatives to PIEFX
PIEFX has a PortfoliosLab risk / return rank of 87. There are 20 mutual funds in the Emerging Markets Diversified category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 95 | — | Jun 1996 | PIEFX vs DEMIX | |
| Franklin Templeton SMACS: Series EM | 94 | — | Nov 2021 | PIEFX vs FQEMX | |
| Lazard Emerging Markets Equity Portfolio | 94 | — | Jul 1994 | PIEFX vs LZEMX | |
| Martin Currie SMA-Shares Series EM Fund | 93 | — | Jan 2018 | PIEFX vs LCSMX | |
| GMO Emerging Markets ex-China Fund | 93 | — | Oct 2021 | PIEFX vs GMAQX |
Top Performing PIEFX Alternatives (YTD)
PIEFX is at 32.07% YTD. There are 10 mutual funds in the Emerging Markets Diversified category with higher YTD returns, going as high as 105.52%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 105.52% | — | Jun 1996 | PIEFX vs DEMIX | |
| Franklin Templeton SMACS: Series EM | 69.03% | — | Nov 2021 | PIEFX vs FQEMX | |
| Martin Currie SMA-Shares Series EM Fund | 52.25% | — | Jan 2018 | PIEFX vs LCSMX | |
| GMO Emerging Markets ex-China Fund | 45.00% | — | Oct 2021 | PIEFX vs GMAQX | |
| Invesco EQV Emerging Markets All Cap Fd | 40.06% | — | Jan 1994 | PIEFX vs GTDDX |
Lowest Volatility Alternatives to PIEFX
PIEFX has 23.91% 1-year volatility. There are 146 mutual funds in the Emerging Markets Diversified category with lower 1-year volatility, going as low as 10.53%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 10.53% | — | Oct 2011 | PIEFX vs ESCIX | |
| GQG Partners Emerging Markets Equity Fund | 11.41% | — | Dec 2016 | PIEFX vs GQGPX | |
| Virtus KAR Emerging Markets Small-Cap Fund | 11.62% | — | Dec 2013 | PIEFX vs VIESX | |
| The Cook & Bynum Fund | 11.79% | — | Jun 2009 | PIEFX vs COBYX | |
| Ashmore Emerging Markets Frontier Equity Fund | 12.09% | — | Nov 2013 | PIEFX vs EFEIX |
Lowest Drawdown Alternatives to PIEFX
PIEFX has a 1-year max drawdown of -13.67%. There are 116 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 | PIEFX vs ESCIX | |
| Wasatch Emerging Markets Small Cap Fund | -7.89% | — | Sep 2007 | PIEFX vs WAEMX | |
| BlackRock Defensive Advantage Emerging Markets Fun... | -8.89% | — | Dec 2020 | PIEFX vs BADEX | |
| The Cook & Bynum Fund | -8.95% | — | Jun 2009 | PIEFX vs COBYX | |
| GQG Partners Emerging Markets Equity Fund | -9.12% | — | Dec 2016 | PIEFX vs GQGPX |
Other Mutual Funds from Federated
The 10 most viewed Federated mutual funds shown here include SVAIX, QILGX, QAMNX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | Large Cap Value Equities | 84 | 12.44% | — | Mar 2005 | PIEFX vs SVAIX | |
| Federated Hermes MDT Large Cap Growth Fund | Large Cap Growth Equities | 20 | 6.34% | — | Sep 2005 | PIEFX vs QILGX | |
| Federated Hermes MDT Market Neutral A | Long-Short | 14 | 1.36% | — | Sep 2008 | PIEFX vs QAMNX | |
| Federated Hermes Kaufmann Fd | Mid Cap Growth Equities | 15 | 11.21% | — | Feb 1986 | PIEFX vs KAUFX | |
| Federated Hermes MDT All Cap Core Fund | Large Cap Blend Equities | 48 | 8.33% | — | Oct 2002 | PIEFX vs QIACX | |
| Federated Hermes MDT Mid Cap Growth Fund | Mid Cap Growth Equities | 4 | 0.77% | — | Aug 1984 | PIEFX vs FGSAX | |
| Federated Hermes High-Yield Strategy Portfolio | High Yield Bonds | 76 | 1.73% | — | Dec 2008 | PIEFX vs FHYSX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | High Yield Bonds | 53 | 1.79% | — | Aug 1984 | PIEFX vs FHYTX | |
| Federated Hermes Institutional High Yield Bond Fun... | High Yield Bonds | 67 | 1.54% | — | Nov 2002 | PIEFX vs FIHBX | |
| Federated Hermes Prudent Bear Fd | Inverse Equities | 0 | -8.18% | — | Dec 1995 | PIEFX vs BEARX |
Often Compared With PIEFX
Investors most often compare PIEFX with PDEZX, TEQLX, ISCAX. These 9 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PGIM Jennison Emerging Markets Equity Opportunitie... | Emerging Markets Diversified | 32 | 22.01% | — | Sep 2014 | PIEFX vs PDEZX | |
| TIAA-CREF Emerging Markets Equity Index Fund | Emerging Markets Diversified | 74 | 22.86% | — | Aug 2010 | PIEFX vs TEQLX | |
| Federated Hermes International Small-Mid Company F... | Foreign Small & Mid Cap Equities | 24 | 8.80% | — | Feb 1996 | PIEFX vs ISCAX | |
| LSV Emerging Markets Equity Fund | Emerging Markets Diversified | 91 | 29.35% | — | Jan 2019 | PIEFX vs LVAZX | |
| Parametric Emerging Markets Fund | Emerging Markets Diversified | 59 | 9.77% | — | Jun 2006 | PIEFX vs EAEMX | |
| abrdn Emerging Markets ex-China Fund | Emerging Markets Diversified | 89 | 38.06% | — | Aug 2000 | PIEFX vs GLLSX | |
| Voya Multi-Manager Emerging Markets Equity Fund | Emerging Markets Diversified | 89 | 33.10% | — | Oct 2011 | PIEFX vs IEMGX | |
| Parametric Tax-Managed Emerging Markets Fund | Emerging Markets Diversified | 61 | 9.80% | — | Jun 1998 | PIEFX vs EITEX | |
| Hartford Schroders Emerging Mkts Eq A | Emerging Markets Diversified | 84 | 26.78% | — | Oct 2016 | PIEFX vs SEMVX |
Compare PIEFX with Any Fund or Stock
Compare PIEFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PIEFX with funds that move differently
Federated Hermes Emerging Markets Equity Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PIEFX.
Explore PIEFX Diversifiers