DEMIX vs. ADVMX

Last updated Apr 11, 2026

DEMIX (Delaware Emerging Markets Fund) and ADVMX (Vaughan Nelson Emerging Markets Opportunities Fund) are both Emerging Markets Diversified funds. Over the past 10 years, DEMIX returned 15.62%/yr vs 8.80%/yr for ADVMX. Their correlation of 0.81 suggests significant overlap in exposure. DEMIX charges 1.26%/yr vs 1.10%/yr for ADVMX.

Performance

DEMIX vs. ADVMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Emerging Markets Fund (DEMIX) and Vaughan Nelson Emerging Markets Opportunities Fund (ADVMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEMIX achieves a 26.24% return, which is significantly higher than ADVMX's 13.20% return. Over the past 10 years, DEMIX has outperformed ADVMX with an annualized return of 15.62%, while ADVMX has yielded a comparatively lower 8.80% annualized return.

DEMIX

• 1D: -2.86%
• 1M: 6.76%
• YTD: 26.24%
• 6M: 56.69%
• 1Y: 142.72%
• 3Y*: 40.88%
• 5Y*: 14.61%
• 10Y*: 15.62%

ADVMX

• 1D: 0.19%
• 1M: 5.65%
• YTD: 13.20%
• 6M: 29.92%
• 1Y: 67.00%
• 3Y*: 21.56%
• 5Y*: 10.79%
• 10Y*: 8.80%

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

DEMIX vs. ADVMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DEMIX Delaware Emerging Markets Fund	26.24%	86.79%	6.52%	17.59%	-28.66%	-2.08%	26.09%	24.33%	-17.10%	41.98%
ADVMX Vaughan Nelson Emerging Markets Opportunities Fund	13.20%	45.69%	-2.43%	16.20%	-11.69%	9.81%	10.81%	7.15%	-18.47%	25.07%

Correlation

The correlation between DEMIX and ADVMX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Nov 7, 2013	0.81

The correlation between DEMIX and ADVMX shifts across timeframes, from 0.67 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DEMIX vs. ADVMX — Risk / Return Rank

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

DEMIX

DEMIX Risk / Return Rank: 90
DEMIX Sharpe Ratio Rank: 98
DEMIX Sortino Ratio Rank: 74
DEMIX Omega Ratio Rank: 85
DEMIX Calmar Ratio Rank: 96
DEMIX Martin Ratio Rank: 97

ADVMX

ADVMX Risk / Return Rank: 88
ADVMX Sharpe Ratio Rank: 94
ADVMX Sortino Ratio Rank: 87
ADVMX Omega Ratio Rank: 80
ADVMX Calmar Ratio Rank: 92
ADVMX 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.

DEMIX vs. ADVMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Emerging Markets Fund (DEMIX) and Vaughan Nelson Emerging Markets Opportunities Fund (ADVMX). 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.

	DEMIX	ADVMX	Difference
Sharpe ratio Return per unit of total volatility	4.24	3.54	+0.69
Sortino ratio Return per unit of downside risk	4.18	4.61	-0.43
Omega ratio Gain probability vs. loss probability	1.66	1.61	+0.06
Calmar ratio Return relative to maximum drawdown	7.00	5.48	+1.52
Martin ratio Return relative to average drawdown	27.45	20.13	+7.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEMIX vs. ADVMX - Sharpe Ratio Comparison

The current DEMIX Sharpe Ratio is 4.24, which is comparable to the ADVMX Sharpe Ratio of 3.54. The chart below compares the historical Sharpe Ratios of DEMIX and ADVMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DEMIX	ADVMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.24	3.54	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.67	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.55	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.41	+0.05

Drawdowns

DEMIX vs. ADVMX - Drawdown Comparison

The maximum DEMIX drawdown since its inception was -63.15%, which is greater than ADVMX's maximum drawdown of -51.17%. Use the drawdown chart below to compare losses from any high point for DEMIX and ADVMX.

Drawdown Indicators

	DEMIX	ADVMX	Difference
Max Drawdown Largest peak-to-trough decline	-63.15%	-51.17%	-11.98%
Max Drawdown (1Y) Largest decline over 1 year	-21.01%	-11.40%	-9.61%
Max Drawdown (5Y) Largest decline over 5 years	-43.95%	-24.72%	-19.23%
Max Drawdown (10Y) Largest decline over 10 years	-46.29%	-51.17%	+4.88%
Current Drawdown Current decline from peak	-10.38%	-3.30%	-7.08%
Average Drawdown Average peak-to-trough decline	-18.54%	-11.69%	-6.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.36%	3.10%	+2.26%

Volatility

DEMIX vs. ADVMX - Volatility Comparison

Delaware Emerging Markets Fund (DEMIX) has a higher volatility of 20.12% compared to Vaughan Nelson Emerging Markets Opportunities Fund (ADVMX) at 8.87%. This indicates that DEMIX's price experiences larger fluctuations and is considered to be riskier than ADVMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEMIX	ADVMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.12%	8.87%	+11.25%
Volatility (6M) Calculated over the trailing 6-month period	31.07%	16.59%	+14.48%
Volatility (1Y) Calculated over the trailing 1-year period	35.09%	20.45%	+14.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.91%	16.12%	+7.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.37%	16.05%	+6.32%

DEMIX vs. ADVMX - Expense Ratio Comparison

DEMIX has a 1.26% expense ratio, which is higher than ADVMX's 1.10% expense ratio.

Dividends

DEMIX vs. ADVMX - Dividend Comparison

DEMIX's dividend yield for the trailing twelve months is around 15.03%, more than ADVMX's 9.41% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEMIX Delaware Emerging Markets Fund	15.03%	18.97%	1.99%	2.95%	1.89%	3.42%	0.87%	0.80%	0.65%	1.80%	0.94%	0.30%
ADVMX Vaughan Nelson Emerging Markets Opportunities Fund	9.41%	10.65%	0.00%	0.95%	1.13%	1.51%	1.51%	2.84%	1.48%	3.06%	2.18%	1.89%