DEMIX vs. DEMCX
DEMIX (Delaware Emerging Markets Fund) and DEMCX (Nomura Emerging Markets Fund Class C) are both Emerging Markets Equities funds. Over the past 10 years, DEMIX returned 18.57%/yr vs 17.38%/yr for DEMCX. Their 1.00 correlation means they have historically moved very closely together. DEMIX charges 1.26%/yr vs 2.17%/yr for DEMCX.
Performance
DEMIX vs. DEMCX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DEMIX having a 79.82% return and DEMCX slightly lower at 78.77%. Over the past 10 years, DEMIX has outperformed DEMCX with an annualized return of 18.57%, while DEMCX has yielded a comparatively lower 17.38% annualized return.
DEMIX
- 1D
- 1.34%
- 1M
- -12.77%
- 6M
- 45.41%
- YTD
- 79.82%
- 1Y
- 167.98%
- 3Y*
- 56.13%
- 5Y*
- 24.20%
- 10Y*
- 18.57%
- ALL TIME*
- 11.03%
DEMCX
- 1D
- 1.33%
- 1M
- -12.83%
- 6M
- 44.66%
- YTD
- 78.77%
- 1Y
- 165.30%
- 3Y*
- 54.57%
- 5Y*
- 22.96%
- 10Y*
- 17.38%
- ALL TIME*
- 9.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DEMIX vs. DEMCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEMIX Delaware Emerging Markets Fund | 79.82% | 86.79% | 6.52% | 17.59% | -28.66% | -2.08% | 26.09% | 24.33% | -17.10% | 41.98% |
DEMCX Nomura Emerging Markets Fund Class C | 78.77% | 84.86% | 5.47% | 16.47% | -29.38% | -3.05% | 24.55% | 23.16% | -17.94% | 40.59% |
Correlation
The correlation between DEMIX and DEMCX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 1996 | 1.00 |
The correlation between DEMIX and DEMCX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
DEMIX vs. DEMCX — Risk / Return Rank
DEMIX
DEMCX
DEMIX vs. DEMCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Emerging Markets Fund (DEMIX) and Nomura Emerging Markets Fund Class C (DEMCX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DEMIX | DEMCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.48 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 4.71 | +0.09 |
| Martin ratioReturn relative to average drawdown | 19.29 | 18.92 | +0.37 |
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Drawdowns
DEMIX vs. DEMCX - Drawdown Comparison
The maximum DEMIX drawdown since its inception was -63.15%, roughly equal to the maximum DEMCX drawdown of -63.54%. Use the drawdown chart below to compare losses from any high point for DEMIX and DEMCX.
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Drawdown Indicators
| DEMIX | DEMCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.15% | -63.54% | +0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -36.51% | -36.58% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -36.51% | -36.58% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -38.47% | -38.96% | +0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -46.29% | -47.21% | +0.92% |
Current DrawdownCurrent decline from peak | -26.64% | -26.73% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -18.43% | -19.60% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.06% | 9.09% | -0.03% |
Volatility
DEMIX vs. DEMCX - Volatility Comparison
Delaware Emerging Markets Fund (DEMIX) and Nomura Emerging Markets Fund Class C (DEMCX) have volatilities of 24.82% and 24.84%, 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
| DEMIX | DEMCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.82% | 24.84% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 49.74% | 49.76% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.06% | 53.07% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.19% | 30.19% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.85% | 25.85% | 0.00% |
DEMIX vs. DEMCX - Expense Ratio Comparison
DEMIX has a 1.26% expense ratio, which is lower than DEMCX's 2.17% expense ratio.
Dividends
DEMIX vs. DEMCX - Dividend Comparison
DEMIX's dividend yield for the trailing twelve months is around 10.55%, less than DEMCX's 11.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEMCX Nomura Emerging Markets Fund Class C | 11.45% | 20.47% | 1.09% | 2.03% | 0.69% | 2.58% | 0.61% | 0.00% | 0.00% | 1.03% | 0.08% | 0.00% |
DEMIX Delaware Emerging Markets Fund | 10.55% | 18.97% | 1.99% | 2.95% | 1.89% | 3.42% | 0.87% | 0.80% | 0.65% | 1.80% | 0.94% | 0.30% |
Frequently Asked Questions
With a correlation of 1.00, DEMIX and DEMCX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DEMCX has higher volatility (24.84%) compared to DEMIX (24.82%). In terms of maximum drawdown, DEMIX dropped -63.15% vs DEMCX's -63.54%.
DEMIX currently has the higher Sharpe Ratio (3.31 vs 3.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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