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USAA Emerging Markets Fund (USEMX) Sharpe Ratio: 2.57

Mutual Fund · Currency in USD · Last updated Jun 25, 2026

The fund normally invests at least 80% of its assets in equity securities of emerging market companies. The "equity securities" in which the fund principally invests are common stocks, preferred stocks, securities convertible into common stocks, and securities that carry the right to buy common stocks.

USEMX's Sharpe Ratio of 2.57 indicates that for each unit of volatility, it generates 2.57 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 25, 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.

USEMX Sharpe Ratio Rank

USEMX Sharpe Ratio Rank: 88.188
Exceptional

USEMX ranks above 88.1% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. 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

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

USEMX Sharpe Ratio Market Positioning

The chart shows USEMX'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%): 1.19 or lower
  • Yellow zone (middle 50%): 1.19 to 2.13
  • Green zone (top 25%): 2.13 or higher
  • Top 1%: 4.06+
  • Median: 1.75 — half of all investments score higher

How it compares to other similar mutual funds

The table compares USAA Emerging Markets Fund's Sharpe Ratio with other mutual funds in the Emerging Markets Diversified category across multiple time periods, showing how USEMX'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 Jun 25, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
DEMIXDelaware Emerging Markets Fund5.35
FQEMXFranklin Templeton SMACS: Series EM4.16
LCSMXMartin Currie SMA-Shares Series EM Fund3.76
LZEMXLazard Emerging Markets Equity Portfolio3.36
DODEXDodge & Cox Emerging Markets Stock Fund3.17
GTDDXInvesco EQV Emerging Markets All Cap Fd3.16
LVAZXLSV Emerging Markets Equity Fund3.15
GMAQXGMO Emerging Markets ex-China Fund3.14
EMPTXUBS Emerging Markets Equity Opportunity Fund3.06
IEMGXVoya Multi-Manager Emerging Markets Equity Fund3.05
USEMXUSAA Emerging Markets Fund2.57

S&P 500 Index

How to choose period

Historical Sharpe Ratio

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

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How does USEMX fit in your portfolio?

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