EMRGX vs. ^NDX
EMRGX (Emerging Markets Growth Fund, Inc.) is Emerging Markets Equities fund managed by T. Rowe Price, while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, EMRGX returned 8.25%/yr vs 19.61%/yr for ^NDX. Their 0.61 correlation means they have sometimes moved together and sometimes differently.
Performance
EMRGX vs. ^NDX - Performance Comparison
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Returns By Period
In the year-to-date period, EMRGX achieves a 15.60% return, which is significantly higher than ^NDX's 11.98% return. Over the past 10 years, EMRGX has underperformed ^NDX with an annualized return of 8.25%, while ^NDX has yielded a comparatively higher 19.61% annualized return.
EMRGX
- 1D
- 3.27%
- 1M
- -2.30%
- 6M
- 7.83%
- YTD
- 15.60%
- 1Y
- 30.94%
- 3Y*
- 13.54%
- 5Y*
- 3.43%
- 10Y*
- 8.25%
- ALL TIME*
- 5.10%
^NDX
- 1D
- 0.60%
- 1M
- -3.60%
- 6M
- 10.65%
- YTD
- 11.98%
- 1Y
- 24.21%
- 3Y*
- 21.62%
- 5Y*
- 13.58%
- 10Y*
- 19.61%
- ALL TIME*
- 14.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^NDX NASDAQ 100 Index | $205.94T | $218.36T | $280.11T |
| $0.00 | $0.00 | $0.00 |
EMRGX vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMRGX Emerging Markets Growth Fund, Inc. | 15.60% | 31.55% | 1.06% | 8.09% | -24.69% | -0.73% | 21.56% | 23.99% | -14.56% | 41.31% |
^NDX NASDAQ 100 Index | 11.98% | 20.17% | 24.88% | 53.81% | -32.97% | 26.63% | 47.58% | 37.96% | -1.04% | 31.52% |
Correlation
The correlation between EMRGX and ^NDX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2014 | 0.61 |
The correlation between EMRGX and ^NDX has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
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Return for Risk
EMRGX vs. ^NDX — Risk / Return Rank
EMRGX
^NDX
EMRGX vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Emerging Markets Growth Fund, Inc. (EMRGX) and NASDAQ 100 Index (^NDX). 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.
| EMRGX | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.80 | +0.28 |
| Martin ratioReturn relative to average drawdown | 7.10 | 5.76 | +1.35 |
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Drawdowns
EMRGX vs. ^NDX - Drawdown Comparison
The maximum EMRGX drawdown since its inception was -42.84%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for EMRGX and ^NDX.
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Drawdown Indicators
| EMRGX | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.84% | -82.90% | +40.06% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -12.12% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -22.93% | +6.11% |
Max Drawdown (5Y)Largest decline over 5 years | -41.00% | -35.56% | -5.44% |
Max Drawdown (10Y)Largest decline over 10 years | -42.84% | -35.56% | -7.28% |
Current DrawdownCurrent decline from peak | -7.47% | -7.78% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -16.06% | -24.55% | +8.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 3.79% | +0.14% |
Volatility
EMRGX vs. ^NDX - Volatility Comparison
Emerging Markets Growth Fund, Inc. (EMRGX) has a higher volatility of 8.10% compared to NASDAQ 100 Index (^NDX) at 6.81%. This indicates that EMRGX's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMRGX | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.10% | 6.81% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 16.84% | 15.99% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.90% | 19.37% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.64% | 23.09% | -5.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.83% | 22.73% | -4.90% |
Frequently Asked Questions
EMRGX and ^NDX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMRGX has higher volatility (8.10%) compared to ^NDX (6.81%). In terms of maximum drawdown, EMRGX dropped -42.84% vs ^NDX's -82.90%.
EMRGX currently has the higher Sharpe Ratio (1.48 vs 1.13), 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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