DEMAX vs. VGPMX
Compare and contrast key facts about Nomura Emerging Markets Fund Class A (DEMAX) and Vanguard Global Capital Cycles Fund (VGPMX).
DEMAX is an actively managed fund by Nomura. It was launched on Jun 10, 1996. VGPMX is managed by Vanguard. It was launched on May 23, 1984.
Performance
DEMAX vs. VGPMX - Performance Comparison
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DEMAX vs. VGPMX - 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% |
VGPMX Vanguard Global Capital Cycles Fund | 4.53% | 65.96% | 5.78% | 10.06% | 7.34% | 19.50% | 17.21% | 20.67% | -32.26% | 13.75% |
Returns By Period
In the year-to-date period, DEMAX achieves a 13.26% return, which is significantly higher than VGPMX's 4.53% return. Over the past 10 years, DEMAX has outperformed VGPMX with an annualized return of 14.09%, while VGPMX has yielded a comparatively lower 12.39% 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%
VGPMX
- 1D
- -0.02%
- 1M
- -10.69%
- YTD
- 4.53%
- 6M
- 17.55%
- 1Y
- 57.21%
- 3Y*
- 24.25%
- 5Y*
- 19.13%
- 10Y*
- 12.39%
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DEMAX vs. VGPMX - Expense Ratio Comparison
DEMAX has a 1.42% expense ratio, which is higher than VGPMX's 0.36% expense ratio.
Return for Risk
DEMAX vs. VGPMX — Risk / Return Rank
DEMAX
VGPMX
DEMAX vs. VGPMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nomura Emerging Markets Fund Class A (DEMAX) and Vanguard Global Capital Cycles Fund (VGPMX). 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 | VGPMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.10 | 2.94 | +0.16 |
Sortino ratioReturn per unit of downside risk | 3.27 | 3.51 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.56 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 4.78 | 4.24 | +0.54 |
Martin ratioReturn relative to average drawdown | 18.45 | 17.59 | +0.86 |
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 | VGPMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 2.94 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 1.12 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.57 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.25 | +0.18 |
Correlation
The correlation between DEMAX and VGPMX is 0.54, 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. VGPMX - Dividend Comparison
DEMAX's dividend yield for the trailing twelve months is around 16.80%, more than VGPMX's 3.73% 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% |
VGPMX Vanguard Global Capital Cycles Fund | 3.73% | 2.59% | 2.68% | 3.22% | 3.27% | 3.26% | 2.03% | 2.39% | 3.02% | 0.02% | 1.72% | 2.32% |
Drawdowns
DEMAX vs. VGPMX - Drawdown Comparison
The maximum DEMAX drawdown since its inception was -63.23%, smaller than the maximum VGPMX drawdown of -78.85%. Use the drawdown chart below to compare losses from any high point for DEMAX and VGPMX.
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Drawdown Indicators
| DEMAX | VGPMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.23% | -78.85% | +15.62% |
Max Drawdown (1Y)Largest decline over 1 year | -20.32% | -12.80% | -7.52% |
Max Drawdown (5Y)Largest decline over 5 years | -44.15% | -22.71% | -21.44% |
Max Drawdown (10Y)Largest decline over 10 years | -46.51% | -54.59% | +8.08% |
Current DrawdownCurrent decline from peak | -19.55% | -10.73% | -8.82% |
Average DrawdownAverage peak-to-trough decline | -18.84% | -34.69% | +15.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 3.09% | +2.18% |
Volatility
DEMAX vs. VGPMX - Volatility Comparison
Nomura Emerging Markets Fund Class A (DEMAX) has a higher volatility of 19.13% compared to Vanguard Global Capital Cycles Fund (VGPMX) at 7.56%. This indicates that DEMAX's price experiences larger fluctuations and is considered to be riskier than VGPMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEMAX | VGPMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.13% | 7.56% | +11.57% |
Volatility (6M)Calculated over the trailing 6-month period | 28.50% | 13.14% | +15.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.35% | 19.28% | +14.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.12% | 17.15% | +5.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.94% | 21.65% | +0.29% |