DEMAX vs. SIVLX

Last updated Apr 1, 2026

Compare and contrast key facts about Nomura Emerging Markets Fund Class A (DEMAX) and Seafarer Overseas Value Fund Institutional Class (SIVLX).

DEMAX is an actively managed fund by Nomura. It was launched on Jun 10, 1996. SIVLX is an actively managed fund by Seafarer. It was launched on May 31, 2016.

Performance

DEMAX vs. SIVLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nomura Emerging Markets Fund Class A (DEMAX) and Seafarer Overseas Value Fund Institutional Class (SIVLX). The values are adjusted to include any dividend payments, if applicable.

DEMAX vs. SIVLX - 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%	39.31%
SIVLX Seafarer Overseas Value Fund Institutional Class	1.35%	37.79%	-3.34%	13.38%	-0.74%	10.05%	4.05%	21.98%	-13.91%	23.02%

Returns By Period

In the year-to-date period, DEMAX achieves a 13.26% return, which is significantly higher than SIVLX's 1.35% 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%

SIVLX

• 1D: -0.35%
• 1M: -12.15%
• YTD: 1.35%
• 6M: 6.20%
• 1Y: 33.08%
• 3Y*: 13.40%
• 5Y*: 9.45%
• 10Y*: —

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

DEMAX vs. SIVLX - Expense Ratio Comparison

DEMAX has a 1.42% expense ratio, which is higher than SIVLX's 1.05% expense ratio.

DEMAX

Nomura Emerging Markets Fund Class A

SIVLX

Seafarer Overseas Value Fund Institutional Class

Return for Risk

DEMAX vs. SIVLX — Risk / Return Rank

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

DEMAX

DEMAX Risk / Return Rank: 97
DEMAX Sharpe Ratio Rank: 98
DEMAX Sortino Ratio Rank: 95
DEMAX Omega Ratio Rank: 95
DEMAX Calmar Ratio Rank: 98
DEMAX Martin Ratio Rank: 98

SIVLX

SIVLX Risk / Return Rank: 93
SIVLX Sharpe Ratio Rank: 97
SIVLX Sortino Ratio Rank: 94
SIVLX Omega Ratio Rank: 94
SIVLX Calmar Ratio Rank: 89
SIVLX Martin Ratio Rank: 89

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.

DEMAX vs. SIVLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nomura Emerging Markets Fund Class A (DEMAX) and Seafarer Overseas Value Fund Institutional Class (SIVLX). 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	SIVLX	Difference
Sharpe ratio Return per unit of total volatility	3.10	2.52	+0.58
Sortino ratio Return per unit of downside risk	3.27	3.06	+0.21
Omega ratio Gain probability vs. loss probability	1.50	1.50	+0.01
Calmar ratio Return relative to maximum drawdown	4.78	2.43	+2.35
Martin ratio Return relative to average drawdown	18.45	9.89	+8.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEMAX vs. SIVLX - Sharpe Ratio Comparison

The current DEMAX Sharpe Ratio is 3.10, which is comparable to the SIVLX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of DEMAX and SIVLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DEMAX	SIVLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	2.52	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.83	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.73	-0.30

Correlation

The correlation between DEMAX and SIVLX is 0.67, 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. SIVLX - Dividend Comparison

DEMAX's dividend yield for the trailing twelve months is around 16.80%, more than SIVLX's 4.98% 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%
SIVLX Seafarer Overseas Value Fund Institutional Class	4.98%	5.05%	4.23%	2.93%	1.70%	3.56%	1.38%	3.06%	3.30%	3.41%	0.00%	0.00%

Drawdowns

DEMAX vs. SIVLX - Drawdown Comparison

The maximum DEMAX drawdown since its inception was -63.23%, which is greater than SIVLX's maximum drawdown of -33.09%. Use the drawdown chart below to compare losses from any high point for DEMAX and SIVLX.

Drawdown Indicators

	DEMAX	SIVLX	Difference
Max Drawdown Largest peak-to-trough decline	-63.23%	-33.09%	-30.14%
Max Drawdown (1Y) Largest decline over 1 year	-20.32%	-12.51%	-7.81%
Max Drawdown (5Y) Largest decline over 5 years	-44.15%	-16.39%	-27.76%
Max Drawdown (10Y) Largest decline over 10 years	-46.51%	—	—
Current Drawdown Current decline from peak	-19.55%	-12.51%	-7.04%
Average Drawdown Average peak-to-trough decline	-18.84%	-5.60%	-13.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.27%	3.07%	+2.20%

Volatility

DEMAX vs. SIVLX - Volatility Comparison

Nomura Emerging Markets Fund Class A (DEMAX) has a higher volatility of 19.13% compared to Seafarer Overseas Value Fund Institutional Class (SIVLX) at 6.19%. This indicates that DEMAX's price experiences larger fluctuations and is considered to be riskier than SIVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEMAX	SIVLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.13%	6.19%	+12.94%
Volatility (6M) Calculated over the trailing 6-month period	28.50%	9.10%	+19.40%
Volatility (1Y) Calculated over the trailing 1-year period	33.35%	12.58%	+20.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.12%	11.50%	+11.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.94%	12.55%	+9.39%