DEMAX vs. IFN
DEMAX (Nomura Emerging Markets Fund Class A) and IFN (Aberdeen India Fund) are both Emerging Markets Equities funds. Over the past 10 years, DEMAX returned 18.76%/yr vs 6.32%/yr for IFN. Their 0.52 correlation means they have sometimes moved together and sometimes differently. DEMAX charges 1.42%/yr vs 0.01%/yr for IFN.
Performance
DEMAX vs. IFN - 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 IFN's -7.74% return. Over the past 10 years, DEMAX has outperformed IFN with an annualized return of 18.76%, while IFN has yielded a comparatively lower 6.32% 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%
IFN
- 1D
- -0.34%
- 1M
- 0.85%
- 6M
- -10.61%
- YTD
- -7.74%
- 1Y
- -10.07%
- 3Y*
- 1.18%
- 5Y*
- 1.48%
- 10Y*
- 6.32%
- ALL TIME*
- 7.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.54M | $1.52M | $1.75M |
DEMAX vs. IFN - 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% |
IFN Aberdeen India Fund | -7.74% | 0.42% | -2.26% | 36.48% | -15.85% | 22.31% | 12.25% | 11.27% | -5.33% | 37.15% |
Correlation
The correlation between DEMAX and IFN is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 1996 | 0.52 |
Over the past year, the correlation between DEMAX and IFN has dropped to 0.25 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
DEMAX vs. IFN — Risk / Return Rank
DEMAX
IFN
DEMAX vs. IFN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nomura Emerging Markets Fund Class A (DEMAX) and Aberdeen India Fund (IFN). 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 | IFN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.02 | ||
| Sortino ratioReturn per unit of downside risk | +4.05 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 0.91 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 4.96 | -0.44 | +5.40 |
| Martin ratioReturn relative to average drawdown | 19.67 | -0.90 | +20.57 |
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Drawdowns
DEMAX vs. IFN - Drawdown Comparison
The maximum DEMAX drawdown since its inception was -63.23%, smaller than the maximum IFN drawdown of -71.52%. Use the drawdown chart below to compare losses from any high point for DEMAX and IFN.
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Drawdown Indicators
| DEMAX | IFN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.23% | -71.52% | +8.29% |
Max Drawdown (1Y)Largest decline over 1 year | -36.53% | -22.99% | -13.54% |
Max Drawdown (3Y)Largest decline over 3 years | -36.53% | -31.53% | -5.00% |
Max Drawdown (5Y)Largest decline over 5 years | -38.58% | -31.53% | -7.05% |
Max Drawdown (10Y)Largest decline over 10 years | -46.51% | -41.48% | -5.03% |
Current DrawdownCurrent decline from peak | -23.46% | -22.86% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -18.73% | -25.88% | +7.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.18% | 11.20% | -2.02% |
Volatility
DEMAX vs. IFN - Volatility Comparison
Nomura Emerging Markets Fund Class A (DEMAX) has a higher volatility of 24.95% compared to Aberdeen India Fund (IFN) at 3.31%. This indicates that DEMAX's price experiences larger fluctuations and is considered to be riskier than IFN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEMAX | IFN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.95% | 3.31% | +21.64% |
Volatility (6M)Calculated over the trailing 6-month period | 49.71% | 13.72% | +35.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.10% | 16.72% | +36.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.25% | 17.78% | +12.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 18.88% | +7.00% |
DEMAX vs. IFN - Expense Ratio Comparison
DEMAX has a 1.42% expense ratio, which is higher than IFN's 0.01% expense ratio.
Dividends
DEMAX vs. IFN - Dividend Comparison
DEMAX's dividend yield for the trailing twelve months is around 10.15%, less than IFN's 18.39% 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% |
IFN Aberdeen India Fund | 18.39% | 16.09% | 14.60% | 8.97% | 21.47% | 15.21% | 9.77% | 11.57% | 22.25% | 12.11% | 7.97% | 8.02% |
Frequently Asked Questions
DEMAX and IFN have a correlation of 0.25, 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 IFN (3.31%). In terms of maximum drawdown, DEMAX dropped -63.23% vs IFN's -71.52%.
DEMAX currently has the higher Sharpe Ratio (3.42 vs -0.60), 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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