AIEMX vs. DEMCX
AIEMX (Alger Emerging Markets Fund) and DEMCX (Nomura Emerging Markets Fund Class C) are both Emerging Markets Equities funds. Over the past 10 years, AIEMX returned 7.29%/yr vs 16.80%/yr for DEMCX. Their correlation of 0.85 means they have usually moved in the same direction. AIEMX charges 1.45%/yr vs 2.17%/yr for DEMCX.
Performance
AIEMX vs. DEMCX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AIEMX achieves a 15.08% return, which is significantly lower than DEMCX's 67.60% return. Over the past 10 years, AIEMX has underperformed DEMCX with an annualized return of 7.29%, while DEMCX has yielded a comparatively higher 16.80% annualized return.
AIEMX
- 1D
- 3.83%
- 1M
- -5.30%
- 6M
- 5.93%
- YTD
- 15.08%
- 1Y
- 30.11%
- 3Y*
- 13.81%
- 5Y*
- 1.99%
- 10Y*
- 7.29%
- ALL TIME*
- 3.64%
DEMCX
- 1D
- 8.32%
- 1M
- -18.28%
- 6M
- 33.85%
- YTD
- 67.60%
- 1Y
- 153.43%
- 3Y*
- 49.76%
- 5Y*
- 21.94%
- 10Y*
- 16.80%
- ALL TIME*
- 9.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AIEMX vs. DEMCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIEMX Alger Emerging Markets Fund | 15.08% | 25.30% | 5.60% | 13.49% | -32.52% | -0.45% | 37.17% | 21.98% | -21.81% | 38.72% |
DEMCX Nomura Emerging Markets Fund Class C | 67.60% | 84.86% | 5.47% | 16.47% | -29.38% | -3.05% | 24.55% | 23.16% | -17.94% | 40.59% |
Correlation
The correlation between AIEMX and DEMCX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | 0.85 |
The correlation between AIEMX and DEMCX has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AIEMX vs. DEMCX — Risk / Return Rank
AIEMX
DEMCX
AIEMX vs. DEMCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Emerging Markets Fund (AIEMX) and Nomura Emerging Markets Fund Class C (DEMCX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AIEMX | DEMCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.43 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 3.98 | -2.17 |
| Martin ratioReturn relative to average drawdown | 5.89 | 16.56 | -10.67 |
Loading charts...
Drawdowns
AIEMX vs. DEMCX - Drawdown Comparison
The maximum AIEMX drawdown since its inception was -46.21%, smaller than the maximum DEMCX drawdown of -63.54%. Use the drawdown chart below to compare losses from any high point for AIEMX and DEMCX.
Loading charts...
Drawdown Indicators
| AIEMX | DEMCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.21% | -63.54% | +17.33% |
Max Drawdown (1Y)Largest decline over 1 year | -15.53% | -36.58% | +21.05% |
Max Drawdown (3Y)Largest decline over 3 years | -17.86% | -36.58% | +18.72% |
Max Drawdown (5Y)Largest decline over 5 years | -43.15% | -38.96% | -4.19% |
Max Drawdown (10Y)Largest decline over 10 years | -46.21% | -47.21% | +1.00% |
Current DrawdownCurrent decline from peak | -12.30% | -31.31% | +19.01% |
Average DrawdownAverage peak-to-trough decline | -17.13% | -19.59% | +2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.77% | 8.76% | -3.99% |
Volatility
AIEMX vs. DEMCX - Volatility Comparison
The current volatility for Alger Emerging Markets Fund (AIEMX) is 10.67%, while Nomura Emerging Markets Fund Class C (DEMCX) has a volatility of 25.07%. This indicates that AIEMX experiences smaller price fluctuations and is considered to be less risky than DEMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AIEMX | DEMCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.67% | 25.07% | -14.40% |
Volatility (6M)Calculated over the trailing 6-month period | 22.79% | 49.53% | -26.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.69% | 52.91% | -28.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.41% | 30.11% | -9.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.04% | 25.79% | -5.75% |
AIEMX vs. DEMCX - Expense Ratio Comparison
AIEMX has a 1.45% expense ratio, which is lower than DEMCX's 2.17% expense ratio.
Dividends
AIEMX vs. DEMCX - Dividend Comparison
AIEMX's dividend yield for the trailing twelve months is around 0.04%, less than DEMCX's 12.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AIEMX Alger Emerging Markets Fund | 0.04% | 0.05% | 0.31% | 0.00% | 0.00% | 4.19% | 0.00% | 5.08% | 2.35% | 3.58% | 0.00% |
DEMCX Nomura Emerging Markets Fund Class C | 12.22% | 20.47% | 1.09% | 2.03% | 0.69% | 2.58% | 0.61% | 0.00% | 0.00% | 1.03% | 0.08% |
Frequently Asked Questions
AIEMX and DEMCX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEMCX has higher volatility (25.07%) compared to AIEMX (10.67%). In terms of maximum drawdown, AIEMX dropped -46.21% vs DEMCX's -63.54%.
DEMCX currently has the higher Sharpe Ratio (2.75 vs 1.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AIEMX and DEMCX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer