EMRSX vs. GTDDX

Last updated Jun 5, 2026

EMRSX (JPMorgan Emerging Markets Research Enhanced Equity Fund) and GTDDX (Invesco EQV Emerging Markets All Cap Fd) are both Emerging Markets Diversified funds. Over the past 5 years, EMRSX returned 7.33%/yr vs 8.55%/yr for GTDDX. Their correlation of 0.91 suggests significant overlap in exposure. EMRSX charges 0.35%/yr vs 1.39%/yr for GTDDX.

Performance

EMRSX vs. GTDDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Emerging Markets Research Enhanced Equity Fund (EMRSX) and Invesco EQV Emerging Markets All Cap Fd (GTDDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMRSX achieves a 29.71% return, which is significantly lower than GTDDX's 48.07% return.

EMRSX

• 1D: -0.77%
• 1M: 7.80%
• YTD: 29.71%
• 6M: 32.86%
• 1Y: 57.58%
• 3Y*: 25.02%
• 5Y*: 7.33%
• 10Y*: —

GTDDX

• 1D: -1.26%
• 1M: 17.95%
• YTD: 48.07%
• 6M: 52.83%
• 1Y: 75.00%
• 3Y*: 24.35%
• 5Y*: 8.55%
• 10Y*: 10.32%

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

EMRSX vs. GTDDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EMRSX JPMorgan Emerging Markets Research Enhanced Equity Fund	29.71%	35.27%	6.43%	8.91%	-21.42%	-3.38%	18.56%	21.40%	-1.64%
GTDDX Invesco EQV Emerging Markets All Cap Fd	48.07%	29.88%	-0.66%	8.82%	-17.70%	-7.00%	17.19%	29.99%	-1.24%

Correlation

The correlation between EMRSX and GTDDX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018	0.91

The correlation between EMRSX and GTDDX has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

Return for Risk

EMRSX vs. GTDDX — Risk / Return Rank

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

EMRSX

EMRSX Risk / Return Rank: 89
EMRSX Sharpe Ratio Rank: 94
EMRSX Sortino Ratio Rank: 85
EMRSX Omega Ratio Rank: 87
EMRSX Calmar Ratio Rank: 89
EMRSX Martin Ratio Rank: 90

GTDDX

GTDDX Risk / Return Rank: 95
GTDDX Sharpe Ratio Rank: 98
GTDDX Sortino Ratio Rank: 94
GTDDX Omega Ratio Rank: 93
GTDDX Calmar Ratio Rank: 94
GTDDX Martin Ratio Rank: 95

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.

EMRSX vs. GTDDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Emerging Markets Research Enhanced Equity Fund (EMRSX) and Invesco EQV Emerging Markets All Cap Fd (GTDDX). 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.

	EMRSX	GTDDX	Difference
Sharpe ratio: Return per unit of total volatility	3.28	4.01	-0.73
Sortino ratio: Return per unit of downside risk	4.10	4.86	-0.76
Omega ratio: Gain probability vs. loss probability	1.61	1.72	-0.11
Calmar ratio: Return relative to maximum drawdown	4.47	5.35	-0.88
Martin ratio: Return relative to average drawdown	17.82	21.28	-3.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMRSX vs. GTDDX - Sharpe Ratio Comparison

The current EMRSX Sharpe Ratio is 3.28, which is comparable to the GTDDX Sharpe Ratio of 4.01. The chart below compares the historical Sharpe Ratios of EMRSX and GTDDX, 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

	EMRSX	GTDDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.28	4.01	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.52	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.35	+0.23

Drawdowns

EMRSX vs. GTDDX - Drawdown Comparison

The maximum EMRSX drawdown since its inception was -41.28%, smaller than the maximum GTDDX drawdown of -62.89%. Use the drawdown chart below to compare losses from any high point for EMRSX and GTDDX.

Drawdown Indicators

	EMRSX	GTDDX	Difference
Max Drawdown Largest peak-to-trough decline	-41.28%	-62.89%	+21.61%
Max Drawdown (1Y) Largest decline over 1 year	-13.30%	-14.49%	+1.19%
Max Drawdown (3Y) Largest decline over 3 years	-15.42%	-16.08%	+0.66%
Max Drawdown (5Y) Largest decline over 5 years	-38.64%	-37.56%	-1.08%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.58%	—
Current Drawdown Current decline from peak	-0.77%	-1.26%	+0.49%
Average Drawdown Average peak-to-trough decline	-15.28%	-18.75%	+3.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	3.63%	-0.30%

Volatility

EMRSX vs. GTDDX - Volatility Comparison

JPMorgan Emerging Markets Research Enhanced Equity Fund (EMRSX) and Invesco EQV Emerging Markets All Cap Fd (GTDDX) have volatilities of 7.97% and 8.20%, 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.

Volatility by Period

	EMRSX	GTDDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.97%	8.20%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	15.60%	16.79%	-1.19%
Volatility (1Y) Calculated over the trailing 1-year period	18.13%	19.34%	-1.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.28%	16.39%	+0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.23%	16.91%	+2.32%

EMRSX vs. GTDDX - Expense Ratio Comparison

EMRSX has a 0.35% expense ratio, which is lower than GTDDX's 1.39% expense ratio.

Dividends

EMRSX vs. GTDDX - Dividend Comparison

EMRSX's dividend yield for the trailing twelve months is around 2.84%, less than GTDDX's 14.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMRSX JPMorgan Emerging Markets Research Enhanced Equity Fund	2.84%	3.68%	2.42%	3.08%	2.48%	5.59%	1.50%	0.94%	0.53%	0.00%	0.00%	0.00%
GTDDX Invesco EQV Emerging Markets All Cap Fd	14.27%	21.13%	1.16%	1.51%	1.17%	4.46%	5.05%	1.49%	1.53%	0.71%	0.86%	0.99%

Frequently Asked Questions

Can I hold both EMRSX and GTDDX in my portfolio?

With a correlation of 0.91, EMRSX and GTDDX 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.

Which is riskier, EMRSX or GTDDX?

GTDDX has higher volatility (8.20%) compared to EMRSX (7.97%). In terms of maximum drawdown, EMRSX dropped -41.28% vs GTDDX's -62.89%.

Which has better risk-adjusted returns?

GTDDX currently has the higher Sharpe Ratio (4.01 vs 3.28), 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.