DEMAX vs. KF
Compare and contrast key facts about Nomura Emerging Markets Fund Class A (DEMAX) and The Korea Fund Inc (KF).
DEMAX is an actively managed fund by Nomura. It was launched on Jun 10, 1996. KF is managed by Allianz Global Investors. It was launched on Aug 29, 1984.
Performance
DEMAX vs. KF - Performance Comparison
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DEMAX vs. KF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEMAX Nomura Emerging Markets Fund Class A | 13.26% | 86.33% | 6.25% | 17.34% | -28.85% | -2.32% | 25.54% | 24.05% | -17.32% | 41.62% |
KF The Korea Fund Inc | 23.62% | 99.36% | -19.29% | 12.34% | -30.02% | 8.44% | 37.14% | 6.83% | -19.26% | 42.50% |
Returns By Period
In the year-to-date period, DEMAX achieves a 13.26% return, which is significantly lower than KF's 23.62% return. Over the past 10 years, DEMAX has outperformed KF with an annualized return of 14.09%, while KF has yielded a comparatively lower 11.09% annualized return.
DEMAX
- 1D
- 0.97%
- 1M
- -18.27%
- YTD
- 13.26%
- 6M
- 43.25%
- 1Y
- 104.18%
- 3Y*
- 34.89%
- 5Y*
- 12.22%
- 10Y*
- 14.09%
KF
- 1D
- 5.25%
- 1M
- -21.48%
- YTD
- 23.62%
- 6M
- 48.61%
- 1Y
- 127.72%
- 3Y*
- 28.44%
- 5Y*
- 9.28%
- 10Y*
- 11.09%
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DEMAX vs. KF - Expense Ratio Comparison
DEMAX has a 1.42% expense ratio, which is higher than KF's 0.02% expense ratio.
Return for Risk
DEMAX vs. KF — Risk / Return Rank
DEMAX
KF
DEMAX vs. KF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nomura Emerging Markets Fund Class A (DEMAX) and The Korea Fund Inc (KF). 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.
| DEMAX | KF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.10 | 3.84 | -0.75 |
Sortino ratioReturn per unit of downside risk | 3.27 | 4.03 | -0.75 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.59 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 4.78 | 4.95 | -0.17 |
Martin ratioReturn relative to average drawdown | 18.45 | 21.60 | -3.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DEMAX | KF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 3.84 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.37 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.45 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.07 | +0.37 |
Correlation
The correlation between DEMAX and KF is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DEMAX vs. KF - Dividend Comparison
DEMAX's dividend yield for the trailing twelve months is around 16.80%, more than KF's 0.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEMAX Nomura Emerging Markets Fund Class A | 16.80% | 19.03% | 1.74% | 2.76% | 1.60% | 3.16% | 0.56% | 0.57% | 0.34% | 1.59% | 0.70% | 0.03% |
KF The Korea Fund Inc | 0.97% | 1.20% | 2.46% | 0.00% | 15.93% | 26.50% | 1.30% | 0.24% | 18.67% | 9.75% | 1.03% | 13.66% |
Drawdowns
DEMAX vs. KF - Drawdown Comparison
The maximum DEMAX drawdown since its inception was -63.23%, smaller than the maximum KF drawdown of -94.60%. Use the drawdown chart below to compare losses from any high point for DEMAX and KF.
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Drawdown Indicators
| DEMAX | KF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.23% | -94.60% | +31.37% |
Max Drawdown (1Y)Largest decline over 1 year | -20.32% | -25.42% | +5.10% |
Max Drawdown (5Y)Largest decline over 5 years | -44.15% | -47.62% | +3.47% |
Max Drawdown (10Y)Largest decline over 10 years | -46.51% | -52.91% | +6.40% |
Current DrawdownCurrent decline from peak | -19.55% | -60.22% | +40.67% |
Average DrawdownAverage peak-to-trough decline | -18.84% | -60.91% | +42.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 5.82% | -0.55% |
Volatility
DEMAX vs. KF - Volatility Comparison
Nomura Emerging Markets Fund Class A (DEMAX) and The Korea Fund Inc (KF) have volatilities of 19.13% and 19.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEMAX | KF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.13% | 19.95% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 28.50% | 28.18% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.35% | 33.44% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.12% | 24.98% | -1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.94% | 24.61% | -2.67% |