EAD vs. DEMAX
EAD (Emerging Markets Dividend Fund) and DEMAX (Nomura Emerging Markets Fund Class A) are both Emerging Markets Equities funds. Over the past 10 years, EAD returned 6.61%/yr vs 17.69%/yr for DEMAX. Their 0.36 correlation means their historical movements had little consistent relationship. EAD charges 0.04%/yr vs 1.42%/yr for DEMAX.
Performance
EAD vs. DEMAX - Performance Comparison
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Returns By Period
In the year-to-date period, EAD achieves a -1.68% return, which is significantly lower than DEMAX's 68.34% return. Over the past 10 years, EAD has underperformed DEMAX with an annualized return of 6.61%, while DEMAX has yielded a comparatively higher 17.69% annualized return.
EAD
- 1D
- 0.00%
- 1M
- -2.42%
- 6M
- -3.45%
- YTD
- -1.68%
- 1Y
- -1.32%
- 3Y*
- 9.25%
- 5Y*
- 2.58%
- 10Y*
- 6.61%
- ALL TIME*
- 6.70%
DEMAX
- 1D
- 8.33%
- 1M
- -18.24%
- 6M
- 34.37%
- YTD
- 68.34%
- 1Y
- 155.43%
- 3Y*
- 50.88%
- 5Y*
- 22.86%
- 10Y*
- 17.69%
- ALL TIME*
- 10.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.20M | $1.82M | $1.50M |
EAD vs. DEMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EAD Emerging Markets Dividend Fund | -1.68% | 8.05% | 15.86% | 11.94% | -23.08% | 21.62% | 6.35% | 27.22% | -6.52% | 7.80% |
DEMAX Nomura Emerging Markets Fund Class A | 68.34% | 86.33% | 6.25% | 17.34% | -28.85% | -2.32% | 25.54% | 24.05% | -17.32% | 41.62% |
Correlation
The correlation between EAD and DEMAX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2003 | 0.36 |
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Return for Risk
EAD vs. DEMAX — Risk / Return Rank
EAD
DEMAX
EAD vs. DEMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Emerging Markets Dividend Fund (EAD) and Nomura Emerging Markets Fund Class A (DEMAX). 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.
| EAD | DEMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.98 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.43 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 4.04 | -4.25 |
| Martin ratioReturn relative to average drawdown | -0.72 | 16.82 | -17.54 |
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Drawdowns
EAD vs. DEMAX - Drawdown Comparison
The maximum EAD drawdown since its inception was -67.37%, which is greater than DEMAX's maximum drawdown of -63.23%. Use the drawdown chart below to compare losses from any high point for EAD and DEMAX.
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Drawdown Indicators
| EAD | DEMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.37% | -63.23% | -4.14% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -36.53% | +28.37% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -36.53% | +23.88% |
Max Drawdown (5Y)Largest decline over 5 years | -29.44% | -38.58% | +9.14% |
Max Drawdown (10Y)Largest decline over 10 years | -41.54% | -46.51% | +4.97% |
Current DrawdownCurrent decline from peak | -4.34% | -31.25% | +26.91% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -18.72% | +11.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 8.74% | -6.34% |
Volatility
EAD vs. DEMAX - Volatility Comparison
The current volatility for Emerging Markets Dividend Fund (EAD) is 1.77%, while Nomura Emerging Markets Fund Class A (DEMAX) has a volatility of 25.06%. This indicates that EAD experiences smaller price fluctuations and is considered to be less risky than DEMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAD | DEMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 25.06% | -23.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 49.51% | -41.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.95% | 52.91% | -43.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 30.11% | -16.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.10% | 25.79% | -9.69% |
EAD vs. DEMAX - Expense Ratio Comparison
EAD has a 0.04% expense ratio, which is lower than DEMAX's 1.42% expense ratio.
Dividends
EAD vs. DEMAX - Dividend Comparison
EAD's dividend yield for the trailing twelve months is around 10.19%, less than DEMAX's 11.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEMAX Nomura Emerging Markets Fund Class A | 11.30% | 19.03% | 1.74% | 2.76% | 1.60% | 3.16% | 0.56% | 0.57% | 0.34% | 1.59% | 0.70% | 0.03% |
EAD Emerging Markets Dividend Fund | 10.19% | 9.47% | 9.08% | 9.07% | 10.97% | 7.59% | 8.51% | 8.44% | 9.11% | 8.58% | 9.62% | 10.95% |
Frequently Asked Questions
EAD and DEMAX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEMAX has higher volatility (25.06%) compared to EAD (1.77%). In terms of maximum drawdown, EAD dropped -67.37% vs DEMAX's -63.23%.
DEMAX currently has the higher Sharpe Ratio (2.79 vs -0.19), 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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