- Issuer
- Polar Capital
- Inception Date
- Dec 29, 2020
- Category
- Emerging Markets Equities
- Min. Investment
- $100,000
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
POLEX Performance Chart
Polar Capital Emerging Market Stars Fund (POLEX) is up 12.6% since the beginning of the year. POLEX is currently trading at $11 per share. Investors who bought $1,000 worth of POLEX shares 5 years ago would now be looking at an investment worth $1,179.
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Returns By Period
Polar Capital Emerging Market Stars Fund (POLEX) has returned 12.56% so far this year and 30.94% over the past 12 months.
Polar Capital Emerging Market Stars Fund
- 1D
- 4.27%
- 1M
- -7.05%
- 6M
- 3.71%
- YTD
- 12.56%
- 1Y
- 30.94%
- 3Y*
- 14.24%
- 5Y*
- 3.35%
- 10Y*
- —
- ALL TIME*
- 2.23%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
POLEX Monthly Returns History
Based on dividend-adjusted daily data since Jan 12, 2021, POLEX's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, an investment would double in approximately 16.5 years.
Historically, 52% of months were positive and 48% were negative. The best month was Nov 2022 with a return of +16.9%, while the worst month was Sep 2022 at -12.0%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 4 months.
On a daily basis, POLEX closed higher 49% of trading days. The best single day was Mar 16, 2022 with a return of +8.3%, while the worst single day was Jun 5, 2026 at -7.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.54% | 4.52% | -10.47% | 14.20% | 7.95% | 0.63% | -10.67% | 12.56% | |||||
| 2025 | 3.46% | -3.94% | -1.61% | 1.52% | 3.73% | 5.64% | -0.57% | 5.14% | 8.25% | 3.81% | -4.15% | 2.72% | 25.80% |
| 2024 | -3.68% | 5.33% | 3.50% | -1.88% | 2.30% | 4.24% | -1.20% | 1.82% | 3.69% | -2.64% | -2.83% | -1.39% | 6.91% |
| 2023 | 11.93% | -7.89% | 4.43% | -3.15% | -1.13% | 4.86% | 5.59% | -6.19% | -4.68% | -5.05% | 12.46% | 3.14% | 12.41% |
| 2022 | -4.27% | -5.98% | -5.09% | -9.63% | 1.35% | -6.92% | 1.86% | 0.84% | -11.98% | -2.85% | 16.94% | -5.43% | -29.27% |
| 2021 | 0.75% | -0.37% | -5.26% | 3.37% | -0.67% | 3.57% | -5.22% | 2.46% | -3.17% | 2.18% | -3.50% | 0.11% | -6.12% |
Benchmark Metrics
Polar Capital Emerging Market Stars Fund has an annualized alpha of -6.55%, beta of 0.85, and R2 of 0.43 versus S&P 500 Index. Calculated based on daily prices since January 12, 2021.
- This fund participated in 109.05% of S&P 500 Index downside but only 69.26% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.43 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -6.55%
- Beta
- 0.85
- R²
- 0.43
- Upside Capture
- 69.26%
- Downside Capture
- 109.05%
Expense Ratio
POLEX has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
POLEX ranks 40 for risk / return — above 40% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Polar Capital Emerging Market Stars Fund (POLEX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| POLEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 2.00 | -0.03 |
| Martin ratioReturn relative to average drawdown | 6.62 | 8.49 | -1.87 |
Dividends
Dividend History
Polar Capital Emerging Market Stars Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.03 | $0.03 | $0.00 | $0.35 |
Dividend yield | 0.00% | 0.00% | 0.31% | 0.42% | 0.00% | 3.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Polar Capital Emerging Market Stars Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.35 | $0.35 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Polar Capital Emerging Market Stars Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Polar Capital Emerging Market Stars Fund was 45.74%, occurring on Oct 24, 2022. Recovery took 784 trading sessions.
The current Polar Capital Emerging Market Stars Fund drawdown is 13.11%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-45.74%Oct 2022 | 1y 8mo | 3y 3mo | 4y 11moFeb 2021 - Jan 2026 | Bear market2022 |
-16.67%Jul 2026 | 1mo 26d | — | 2moJun 2026 - now | — |
-13.75%Mar 2026 | 1mo 2d | 17d | 1mo 19dFeb 2026 - Apr 2026 | — |
-6.25%May 2026 | 7d | 7d | 14dMay 2026 - May 2026 | — |
-4.64%Jan 2021 | 1d | 13d | 14dJan 2021 - Feb 2021 | — |
Drawdown Indicators
| POLEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.74% | -56.78% | +11.04% |
Max Drawdown (1Y)Largest decline over 1 year | -16.67% | -9.10% | -7.57% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | -18.90% | -3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -41.75% | -25.43% | -16.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -13.11% | -1.58% | -11.53% |
Average DrawdownAverage peak-to-trough decline | -22.73% | -10.70% | -12.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 2.14% | +2.62% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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