- ISIN
- US00774Q8252
- CUSIP
- 00774Q825
- Issuer
- Ninety One
- Inception Date
- Nov 27, 2018
- Category
- Emerging Markets Diversified
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
ZEMIX Performance Chart
Ninety One Emerging Markets Equity Fund (ZEMIX) is up 32.8% since the beginning of the year. ZEMIX is currently trading at $17 per share. Investors who bought $1,000 worth of ZEMIX shares 5 years ago would now be looking at an investment worth $1,556.
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Returns By Period
Ninety One Emerging Markets Equity Fund (ZEMIX) has returned 32.82% so far this year and 64.32% over the past 12 months.
Ninety One Emerging Markets Equity Fund
- 1D
- 1.10%
- 1M
- 9.41%
- YTD
- 32.82%
- 6M
- 36.31%
- 1Y
- 64.32%
- 3Y*
- 29.16%
- 5Y*
- 9.24%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
ZEMIX Monthly Returns History
Based on dividend-adjusted daily data since Nov 28, 2018, ZEMIX's average daily return is +0.05%, while the average monthly return is +1.04%. At this rate, an investment would double in approximately 5.6 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2022 with a return of +16.3%, while the worst month was Mar 2020 at -15.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ZEMIX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +8.4%, while the worst single day was Mar 16, 2020 at -10.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.46% | 6.26% | -11.65% | 14.43% | 9.56% | 2.17% | 32.82% | ||||||
| 2025 | 1.78% | 1.29% | 0.09% | 1.27% | 5.03% | 5.90% | 2.02% | 2.45% | 7.26% | 4.54% | -2.89% | 3.36% | 36.71% |
| 2024 | -3.75% | 4.77% | 2.59% | 0.30% | 2.51% | 3.53% | -0.57% | 1.05% | 5.28% | -2.78% | -1.66% | -0.19% | 11.16% |
| 2023 | 9.35% | -6.49% | 2.86% | -1.18% | -3.68% | 5.74% | 4.89% | -5.98% | -2.37% | -3.20% | 8.22% | 3.50% | 10.49% |
| 2022 | -1.37% | -3.30% | -1.52% | -6.47% | 2.34% | -8.47% | -0.94% | -1.89% | -10.59% | -3.71% | 16.27% | -3.97% | -23.11% |
| 2021 | 4.31% | 1.28% | -1.78% | 3.93% | 0.29% | 0.51% | -4.54% | 1.13% | -5.68% | 1.58% | -5.30% | 4.25% | -0.74% |
Benchmark Metrics
Ninety One Emerging Markets Equity Fund has an annualized alpha of 2.24%, beta of 0.67, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since November 29, 2018.
- This fund participated in 86.47% of S&P 500 Index downside but only 78.02% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.67 may look defensive, but with R2 of 0.49 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.49 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
- 2.24%
- Beta
- 0.67
- R²
- 0.49
- Upside Capture
- 78.02%
- Downside Capture
- 86.47%
Expense Ratio
ZEMIX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ZEMIX ranks 92 for risk / return — in the top 92% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Ninety One Emerging Markets Equity Fund (ZEMIX) and compare them to S&P 500 Index.
| ZEMIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.41 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 5.01 | 2.93 | +2.08 |
| Martin ratioReturn relative to average drawdown | 18.40 | 13.52 | +4.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Ninety One Emerging Markets Equity Fund provided a 12.67% dividend yield over the last twelve months, with an annual payout of $2.09 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.09 | $2.09 | $0.00 | $0.22 | $0.11 | $0.96 | $0.14 | $0.31 | $0.02 |
Dividend yield | 12.67% | 16.82% | 0.00% | 2.28% | 1.22% | 8.23% | 1.08% | 2.74% | 0.16% |
Monthly Dividends
The table displays the monthly dividend distributions for Ninety One Emerging Markets Equity 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 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.09 | $2.09 |
| 2024 | $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 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.96 | $0.96 |
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 Ninety One Emerging Markets Equity 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 Ninety One Emerging Markets Equity Fund was 40.26%, occurring on Oct 31, 2022. Recovery took 697 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -40.26%Oct 2022 | 1y 8mo | 2y 9mo | 4y 5moFeb 2021 - Aug 2025 |
COVID crash2020 | -34.86%Mar 2020 | 2mo 2d | 7mo 17d | 9mo 19dJan 2020 - Nov 2020 |
2026 correction2026 | -13.12%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
2019 correction2019 | -11.39%Aug 2019 | 4mo 5d | 2mo 25d | 7moApr 2019 - Nov 2019 |
Rate-hike selloffLate 2018 | -7.67%Dec 2018 | 20d | 1mo 2d | 1mo 22dDec 2018 - Jan 2019 |
Drawdown Indicators
| ZEMIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.26% | -56.78% | +16.52% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -9.10% | -4.02% |
Max Drawdown (3Y)Largest decline over 3 years | -15.47% | -18.90% | +3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -37.83% | -25.43% | -12.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -14.42% | -10.72% | -3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 1.97% | +1.60% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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