DEMAX vs. EAD
DEMAX (Nomura Emerging Markets Fund Class A) and EAD (Emerging Markets Dividend Fund) are both Emerging Markets Equities funds. Over the past 10 years, DEMAX returned 18.76%/yr vs 6.69%/yr for EAD. Their 0.36 correlation means their historical movements had little consistent relationship. DEMAX charges 1.42%/yr vs 0.04%/yr for EAD.
Performance
DEMAX vs. EAD - Performance Comparison
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Returns By Period
In the year-to-date period, DEMAX achieves a 87.41% return, which is significantly higher than EAD's -0.12% return. Over the past 10 years, DEMAX has outperformed EAD with an annualized return of 18.76%, while EAD has yielded a comparatively lower 6.69% annualized return.
DEMAX
- 1D
- 4.37%
- 1M
- -12.19%
- 6M
- 49.74%
- YTD
- 87.41%
- 1Y
- 177.76%
- 3Y*
- 57.97%
- 5Y*
- 25.01%
- 10Y*
- 18.76%
- ALL TIME*
- 10.90%
EAD
- 1D
- 0.16%
- 1M
- -0.87%
- 6M
- -2.20%
- YTD
- -0.12%
- 1Y
- -0.32%
- 3Y*
- 9.99%
- 5Y*
- 2.40%
- 10Y*
- 6.69%
- ALL TIME*
- 6.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.32M | $1.93M | $1.58M |
DEMAX vs. EAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEMAX Nomura Emerging Markets Fund Class A | 87.41% | 86.33% | 6.25% | 17.34% | -28.85% | -2.32% | 25.54% | 24.05% | -17.32% | 41.62% |
EAD Emerging Markets Dividend Fund | -0.12% | 8.05% | 15.86% | 11.94% | -23.08% | 21.62% | 6.35% | 27.22% | -6.52% | 7.80% |
Correlation
The correlation between DEMAX and EAD is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2003 | 0.36 |
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Return for Risk
DEMAX vs. EAD — Risk / Return Rank
DEMAX
EAD
DEMAX vs. EAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nomura Emerging Markets Fund Class A (DEMAX) and Emerging Markets Dividend Fund (EAD). 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.
| DEMAX | EAD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.45 | ||
| Sortino ratioReturn per unit of downside risk | +3.22 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.00 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 4.96 | -0.04 | +5.00 |
| Martin ratioReturn relative to average drawdown | 19.67 | -0.13 | +19.80 |
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Drawdowns
DEMAX vs. EAD - Drawdown Comparison
The maximum DEMAX drawdown since its inception was -63.23%, smaller than the maximum EAD drawdown of -67.37%. Use the drawdown chart below to compare losses from any high point for DEMAX and EAD.
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Drawdown Indicators
| DEMAX | EAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.23% | -67.37% | +4.14% |
Max Drawdown (1Y)Largest decline over 1 year | -36.53% | -8.16% | -28.37% |
Max Drawdown (3Y)Largest decline over 3 years | -36.53% | -12.65% | -23.88% |
Max Drawdown (5Y)Largest decline over 5 years | -38.58% | -29.44% | -9.14% |
Max Drawdown (10Y)Largest decline over 10 years | -46.51% | -41.54% | -4.97% |
Current DrawdownCurrent decline from peak | -23.46% | -2.82% | -20.64% |
Average DrawdownAverage peak-to-trough decline | -18.73% | -7.12% | -11.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.18% | 2.43% | +6.75% |
Volatility
DEMAX vs. EAD - Volatility Comparison
Nomura Emerging Markets Fund Class A (DEMAX) has a higher volatility of 24.95% compared to Emerging Markets Dividend Fund (EAD) at 2.03%. This indicates that DEMAX's price experiences larger fluctuations and is considered to be riskier than EAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEMAX | EAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.95% | 2.03% | +22.92% |
Volatility (6M)Calculated over the trailing 6-month period | 49.71% | 7.61% | +42.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.10% | 8.98% | +44.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.25% | 13.57% | +16.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 16.09% | +9.79% |
DEMAX vs. EAD - Expense Ratio Comparison
DEMAX has a 1.42% expense ratio, which is higher than EAD's 0.04% expense ratio.
Dividends
DEMAX vs. EAD - Dividend Comparison
DEMAX's dividend yield for the trailing twelve months is around 10.15%, more than EAD's 10.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEMAX Nomura Emerging Markets Fund Class A | 10.15% | 19.03% | 1.74% | 2.76% | 1.60% | 3.16% | 0.56% | 0.57% | 0.34% | 1.59% | 0.70% | 0.03% |
EAD Emerging Markets Dividend Fund | 10.03% | 9.47% | 9.08% | 9.07% | 10.97% | 7.59% | 8.51% | 8.44% | 9.11% | 8.58% | 9.62% | 10.95% |
Frequently Asked Questions
DEMAX and EAD have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEMAX has higher volatility (24.95%) compared to EAD (2.03%). In terms of maximum drawdown, DEMAX dropped -63.23% vs EAD's -67.37%.
DEMAX currently has the higher Sharpe Ratio (3.42 vs -0.04), 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.
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