BEMIX vs. PEMYX

Last updated Aug 1, 2026

BEMIX (Brandes Emerging Markets Fund) and PEMYX (Putnam Emerging Markets Equity Fund) are both Emerging Markets Equities funds. Over the past 10 years, BEMIX returned 8.91%/yr vs 10.55%/yr for PEMYX. Their correlation of 0.83 means they have usually moved in the same direction. BEMIX charges 1.12%/yr vs 1.08%/yr for PEMYX.

Performance

BEMIX vs. PEMYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brandes Emerging Markets Fund (BEMIX) and Putnam Emerging Markets Equity Fund (PEMYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BEMIX achieves a 21.14% return, which is significantly higher than PEMYX's 17.49% return. Over the past 10 years, BEMIX has underperformed PEMYX with an annualized return of 8.91%, while PEMYX has yielded a comparatively higher 10.55% annualized return.

BEMIX

• 1D: 2.96%
• 1M: 2.53%
• 6M: 11.44%
• YTD: 21.14%
• 1Y: 45.06%
• 3Y*: 23.07%
• 5Y*: 13.55%
• 10Y*: 8.91%
• ALL TIME*: 5.09%

PEMYX

• 1D: 3.84%
• 1M: -4.07%
• 6M: 7.99%
• YTD: 17.49%
• 1Y: 35.35%
• 3Y*: 22.08%
• 5Y*: 7.50%
• 10Y*: 10.55%
• ALL TIME*: 7.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BEMIX Brandes Emerging Markets Fund	$0.00	$0.00	$0.00
PEMYX Putnam Emerging Markets Equity Fund	$0.00	$0.00	$0.00

BEMIX vs. PEMYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BEMIX Brandes Emerging Markets Fund	21.14%	47.83%	4.01%	22.53%	-15.91%	1.68%	-6.17%	18.60%	-15.56%	26.00%
PEMYX Putnam Emerging Markets Equity Fund	17.49%	33.48%	16.22%	12.16%	-27.42%	-3.85%	37.11%	22.70%	-17.39%	42.73%

Correlation

The correlation between BEMIX and PEMYX is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (10Y) Provides a long-term view across more market conditions.	0.82
Correlation (All Time) Calculated using the full available price history since Jan 31, 2011	0.83

The correlation between BEMIX and PEMYX shifts across timeframes, from 0.82 (10 years) to 0.92 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BEMIX vs. PEMYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BEMIX

BEMIX Risk / Return Rank: 89
BEMIX Sharpe Ratio Rank: 91
BEMIX Sortino Ratio Rank: 84
BEMIX Omega Ratio Rank: 86
BEMIX Calmar Ratio Rank: 92
BEMIX Martin Ratio Rank: 91

PEMYX

PEMYX Risk / Return Rank: 60
PEMYX Sharpe Ratio Rank: 58
PEMYX Sortino Ratio Rank: 49
PEMYX Omega Ratio Rank: 62
PEMYX Calmar Ratio Rank: 71
PEMYX Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BEMIX vs. PEMYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brandes Emerging Markets Fund (BEMIX) and Putnam Emerging Markets Equity Fund (PEMYX). 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.

	BEMIX	PEMYX	Difference
Sharpe ratio: Return per unit of total volatility	2.29	1.44	+0.85
Sortino ratio: Return per unit of downside risk	2.99	1.92	+1.07
Omega ratio: Gain probability vs. loss probability	1.43	1.28	+0.16
Calmar ratio: Return relative to maximum drawdown	3.60	2.32	+1.28
Martin ratio: Return relative to average drawdown	12.87	7.71	+5.16

BEMIX vs. PEMYX - Sharpe Ratio Comparison

The current BEMIX Sharpe Ratio is 2.29, which is higher than the PEMYX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of BEMIX and PEMYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BEMIX vs. PEMYX - Drawdown Comparison

The maximum BEMIX drawdown since its inception was -46.05%, roughly equal to the maximum PEMYX drawdown of -45.25%. Use the drawdown chart below to compare losses from any high point for BEMIX and PEMYX.

Drawdown Indicators

	BEMIX	PEMYX	Difference
Max Drawdown Largest peak-to-trough decline	-46.05%	-45.25%	-0.80%
Max Drawdown (1Y) Largest decline over 1 year	-12.07%	-14.46%	+2.39%
Max Drawdown (3Y) Largest decline over 3 years	-16.08%	-14.46%	-1.62%
Max Drawdown (5Y) Largest decline over 5 years	-32.88%	-40.49%	+7.61%
Max Drawdown (10Y) Largest decline over 10 years	-46.05%	-45.16%	-0.89%
Current Drawdown Current decline from peak	-3.70%	-11.18%	+7.48%
Average Drawdown Average peak-to-trough decline	-14.07%	-16.29%	+2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	4.34%	-0.97%

Volatility

BEMIX vs. PEMYX - Volatility Comparison

The current volatility for Brandes Emerging Markets Fund (BEMIX) is 6.36%, while Putnam Emerging Markets Equity Fund (PEMYX) has a volatility of 10.09%. This indicates that BEMIX experiences smaller price fluctuations and is considered to be less risky than PEMYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BEMIX	PEMYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.36%	10.09%	-3.73%
Volatility (6M) Calculated over the trailing 6-month period	16.81%	21.44%	-4.63%
Volatility (1Y) Calculated over the trailing 1-year period	18.95%	23.28%	-4.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.99%	18.27%	-1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.17%	18.41%	-1.24%

BEMIX vs. PEMYX - Expense Ratio Comparison

BEMIX has a 1.12% expense ratio, which is higher than PEMYX's 1.08% expense ratio.

Dividends

BEMIX vs. PEMYX - Dividend Comparison

BEMIX's dividend yield for the trailing twelve months is around 1.90%, more than PEMYX's 0.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEMIX Brandes Emerging Markets Fund	1.90%	2.15%	3.04%	2.45%	2.86%	2.31%	1.31%	2.56%	1.55%	1.41%	2.20%	1.54%
PEMYX Putnam Emerging Markets Equity Fund	0.66%	0.78%	1.85%	0.99%	0.00%	5.27%	1.78%	1.40%	2.16%	0.24%	1.18%	1.50%

Frequently Asked Questions

Can I hold both BEMIX and PEMYX in my portfolio?

With a correlation of 0.92, BEMIX and PEMYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BEMIX or PEMYX?

PEMYX has higher volatility (10.09%) compared to BEMIX (6.36%). In terms of maximum drawdown, BEMIX dropped -46.05% vs PEMYX's -45.25%.

Which has better risk-adjusted returns?

BEMIX currently has the higher Sharpe Ratio (2.29 vs 1.44), 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.