DEMAX vs. VEMRX
Compare and contrast key facts about Nomura Emerging Markets Fund Class A (DEMAX) and Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX).
DEMAX is an actively managed fund by Nomura. It was launched on Jun 10, 1996. VEMRX is managed by Vanguard. It was launched on Dec 15, 2010.
Performance
DEMAX vs. VEMRX - Performance Comparison
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DEMAX vs. VEMRX - 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% |
VEMRX Vanguard Emerging Markets Index Fund Institutional Plus Shares | -2.49% | 24.84% | 11.40% | 8.88% | -17.74% | 0.92% | 15.29% | 20.39% | -14.55% | 31.44% |
Returns By Period
In the year-to-date period, DEMAX achieves a 13.26% return, which is significantly higher than VEMRX's -2.49% return. Over the past 10 years, DEMAX has outperformed VEMRX with an annualized return of 14.09%, while VEMRX has yielded a comparatively lower 7.34% 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%
VEMRX
- 1D
- -0.83%
- 1M
- -9.72%
- YTD
- -2.49%
- 6M
- -1.14%
- 1Y
- 19.19%
- 3Y*
- 12.53%
- 5Y*
- 3.42%
- 10Y*
- 7.34%
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DEMAX vs. VEMRX - Expense Ratio Comparison
DEMAX has a 1.42% expense ratio, which is higher than VEMRX's 0.08% expense ratio.
Return for Risk
DEMAX vs. VEMRX — Risk / Return Rank
DEMAX
VEMRX
DEMAX vs. VEMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nomura Emerging Markets Fund Class A (DEMAX) and Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX). 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 | VEMRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.10 | 1.24 | +1.86 |
Sortino ratioReturn per unit of downside risk | 3.27 | 1.71 | +1.57 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.24 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 4.78 | 1.54 | +3.24 |
Martin ratioReturn relative to average drawdown | 18.45 | 5.71 | +12.74 |
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 | VEMRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 1.24 | +1.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.23 | +0.30 |
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 | 0.21 | +0.23 |
Correlation
The correlation between DEMAX and VEMRX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DEMAX vs. VEMRX - Dividend Comparison
DEMAX's dividend yield for the trailing twelve months is around 16.80%, more than VEMRX's 2.77% 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% |
VEMRX Vanguard Emerging Markets Index Fund Institutional Plus Shares | 2.77% | 2.79% | 3.19% | 3.53% | 4.11% | 2.63% | 1.92% | 3.26% | 2.92% | 2.35% | 2.56% | 3.31% |
Drawdowns
DEMAX vs. VEMRX - Drawdown Comparison
The maximum DEMAX drawdown since its inception was -63.23%, which is greater than VEMRX's maximum drawdown of -36.01%. Use the drawdown chart below to compare losses from any high point for DEMAX and VEMRX.
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Drawdown Indicators
| DEMAX | VEMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.23% | -36.01% | -27.22% |
Max Drawdown (1Y)Largest decline over 1 year | -20.32% | -11.07% | -9.25% |
Max Drawdown (5Y)Largest decline over 5 years | -44.15% | -32.54% | -11.61% |
Max Drawdown (10Y)Largest decline over 10 years | -46.51% | -36.01% | -10.50% |
Current DrawdownCurrent decline from peak | -19.55% | -11.04% | -8.51% |
Average DrawdownAverage peak-to-trough decline | -18.84% | -12.95% | -5.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 2.98% | +2.29% |
Volatility
DEMAX vs. VEMRX - Volatility Comparison
Nomura Emerging Markets Fund Class A (DEMAX) has a higher volatility of 19.13% compared to Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX) at 6.36%. This indicates that DEMAX's price experiences larger fluctuations and is considered to be riskier than VEMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEMAX | VEMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.13% | 6.36% | +12.77% |
Volatility (6M)Calculated over the trailing 6-month period | 28.50% | 10.69% | +17.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.35% | 15.25% | +18.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.12% | 15.18% | +7.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.94% | 16.37% | +5.57% |