DDVCX vs. DEMCX

Last updated Jun 23, 2026

DDVCX (Nomura Value Fund Class C) and DEMCX (Nomura Emerging Markets Fund Class C) are both mutual funds - DDVCX is a Large Cap Value Equities fund actively managed by Nomura, while DEMCX is a Emerging Markets Equities fund actively managed by Nomura. Both are actively managed. Over the past 10 years, DDVCX returned 6.81%/yr vs 21.74%/yr for DEMCX. A 0.58 correlation means they provide meaningful diversification when combined. DDVCX charges 1.72%/yr vs 2.17%/yr for DEMCX.

Performance

DDVCX vs. DEMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nomura Value Fund Class C (DDVCX) and Nomura Emerging Markets Fund Class C (DEMCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDVCX achieves a 6.18% return, which is significantly lower than DEMCX's 133.75% return. Over the past 10 years, DDVCX has underperformed DEMCX with an annualized return of 6.81%, while DEMCX has yielded a comparatively higher 21.74% annualized return.

DDVCX

• 1D: 0.48%
• 1M: 0.64%
• YTD: 6.18%
• 6M: 5.73%
• 1Y: 17.60%
• 3Y*: 8.43%
• 5Y*: 5.58%
• 10Y*: 6.81%

DEMCX

• 1D: 8.20%
• 1M: 23.60%
• YTD: 133.75%
• 6M: 150.69%
• 1Y: 251.28%
• 3Y*: 67.83%
• 5Y*: 28.09%
• 10Y*: 21.74%

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

DDVCX vs. DEMCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DDVCX Nomura Value Fund Class C	6.18%	9.95%	5.68%	1.06%	-4.57%	20.87%	-0.63%	19.33%	-3.92%	12.51%
DEMCX Nomura Emerging Markets Fund Class C	133.75%	84.86%	5.47%	16.47%	-29.38%	-3.05%	24.55%	23.16%	-17.94%	40.59%

Correlation

The correlation between DDVCX and DEMCX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Apr 29, 2002	0.58

Over the past year, the correlation between DDVCX and DEMCX has dropped to 0.26 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.

Return for Risk

DDVCX vs. DEMCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DDVCX

DDVCX Risk / Return Rank: 30
DDVCX Sharpe Ratio Rank: 30
DDVCX Sortino Ratio Rank: 31
DDVCX Omega Ratio Rank: 28
DDVCX Calmar Ratio Rank: 34
DDVCX Martin Ratio Rank: 26

DEMCX

DEMCX Risk / Return Rank: 98
DEMCX Sharpe Ratio Rank: 100
DEMCX Sortino Ratio Rank: 95
DEMCX Omega Ratio Rank: 96
DEMCX Calmar Ratio Rank: 99
DEMCX Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DDVCX vs. DEMCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nomura Value Fund Class C (DDVCX) 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.

	DDVCX	DEMCX	Difference
Sharpe ratio: Return per unit of total volatility	1.46	5.72	-4.26
Sortino ratio: Return per unit of downside risk	2.15	4.73	-2.58
Omega ratio: Gain probability vs. loss probability	1.26	1.78	-0.52
Calmar ratio: Return relative to maximum drawdown	2.07	12.22	-10.15
Martin ratio: Return relative to average drawdown	5.83	44.57	-38.74

DDVCX vs. DEMCX - Sharpe Ratio Comparison

The current DDVCX Sharpe Ratio is 1.46, which is lower than the DEMCX Sharpe Ratio of 5.72. The chart below compares the historical Sharpe Ratios of DDVCX and DEMCX, 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

DDVCX vs. DEMCX - Drawdown Comparison

The maximum DDVCX drawdown since its inception was -54.29%, smaller than the maximum DEMCX drawdown of -63.54%. Use the drawdown chart below to compare losses from any high point for DDVCX and DEMCX.

Drawdown Indicators

	DDVCX	DEMCX	Difference
Max Drawdown Largest peak-to-trough decline	-54.29%	-63.54%	+9.25%
Max Drawdown (1Y) Largest decline over 1 year	-8.59%	-21.11%	+12.52%
Max Drawdown (3Y) Largest decline over 3 years	-18.71%	-23.22%	+4.51%
Max Drawdown (5Y) Largest decline over 5 years	-18.71%	-43.73%	+25.02%
Max Drawdown (10Y) Largest decline over 10 years	-37.60%	-47.21%	+9.61%
Current Drawdown Current decline from peak	-3.70%	0.00%	-3.70%
Average Drawdown Average peak-to-trough decline	-9.03%	-19.60%	+10.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	5.77%	-2.74%

Volatility

DDVCX vs. DEMCX - Volatility Comparison

The current volatility for Nomura Value Fund Class C (DDVCX) is 3.61%, while Nomura Emerging Markets Fund Class C (DEMCX) has a volatility of 25.52%. This indicates that DDVCX 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.

Volatility by Period

	DDVCX	DEMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	25.52%	-21.91%
Volatility (6M) Calculated over the trailing 6-month period	9.25%	41.20%	-31.95%
Volatility (1Y) Calculated over the trailing 1-year period	12.15%	45.10%	-32.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.58%	27.51%	-12.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.09%	24.32%	-7.23%

DDVCX vs. DEMCX - Expense Ratio Comparison

DDVCX has a 1.72% expense ratio, which is lower than DEMCX's 2.17% expense ratio.

Dividends

DDVCX vs. DEMCX - Dividend Comparison

DDVCX's dividend yield for the trailing twelve months is around 24.81%, more than DEMCX's 8.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDVCX Nomura Value Fund Class C	24.81%	26.55%	30.88%	10.78%	9.46%	23.96%	1.92%	4.13%	5.29%	3.08%	1.57%	1.97%
DEMCX Nomura Emerging Markets Fund Class C	8.76%	20.47%	1.09%	2.03%	0.69%	2.58%	0.61%	0.00%	0.00%	1.03%	0.08%	0.00%

Frequently Asked Questions

Can I hold both DDVCX and DEMCX in my portfolio?

DDVCX and DEMCX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DDVCX or DEMCX?

DEMCX has higher volatility (25.52%) compared to DDVCX (3.61%). In terms of maximum drawdown, DDVCX dropped -54.29% vs DEMCX's -63.54%.

Which has better risk-adjusted returns?

DEMCX currently has the higher Sharpe Ratio (5.72 vs 1.46), 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.