GLLSX vs. SDMGX

Last updated Jun 4, 2026

GLLSX (abrdn Emerging Markets ex-China Fund) and SDMGX (SIT Developing Markets Growth Fund) are both Emerging Markets Diversified funds. Over the past 10 years, GLLSX returned 15.05%/yr vs 11.60%/yr for SDMGX. Their correlation of 0.81 suggests significant overlap in exposure. GLLSX charges 1.23%/yr vs 1.20%/yr for SDMGX.

Performance

GLLSX vs. SDMGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Emerging Markets ex-China Fund (GLLSX) and SIT Developing Markets Growth Fund (SDMGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLLSX achieves a 46.58% return, which is significantly higher than SDMGX's 30.38% return. Over the past 10 years, GLLSX has outperformed SDMGX with an annualized return of 15.05%, while SDMGX has yielded a comparatively lower 11.60% annualized return.

GLLSX

• 1D: 0.17%
• 1M: 11.34%
• YTD: 46.58%
• 6M: 50.65%
• 1Y: 88.61%
• 3Y*: 29.36%
• 5Y*: 18.30%
• 10Y*: 15.05%

SDMGX

• 1D: 2.19%
• 1M: 13.85%
• YTD: 30.38%
• 6M: 34.33%
• 1Y: 62.92%
• 3Y*: 26.84%
• 5Y*: 9.54%
• 10Y*: 11.60%

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

GLLSX vs. SDMGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLLSX abrdn Emerging Markets ex-China Fund	46.58%	34.81%	0.73%	21.35%	-23.04%	36.50%	15.93%	23.64%	-11.50%	23.06%
SDMGX SIT Developing Markets Growth Fund	30.38%	36.11%	13.58%	7.37%	-17.23%	-8.88%	23.14%	19.77%	-14.76%	43.22%

Correlation

The correlation between GLLSX and SDMGX is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012	0.81

The correlation between GLLSX and SDMGX has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

Return for Risk

GLLSX vs. SDMGX — Risk / Return Rank

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

GLLSX

GLLSX Risk / Return Rank: 96
GLLSX Sharpe Ratio Rank: 99
GLLSX Sortino Ratio Rank: 94
GLLSX Omega Ratio Rank: 94
GLLSX Calmar Ratio Rank: 96
GLLSX Martin Ratio Rank: 96

SDMGX

SDMGX Risk / Return Rank: 91
SDMGX Sharpe Ratio Rank: 95
SDMGX Sortino Ratio Rank: 90
SDMGX Omega Ratio Rank: 88
SDMGX Calmar Ratio Rank: 92
SDMGX Martin Ratio Rank: 92

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.

GLLSX vs. SDMGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Emerging Markets ex-China Fund (GLLSX) and SIT Developing Markets Growth Fund (SDMGX). 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.

	GLLSX	SDMGX	Difference
Sharpe ratio: Return per unit of total volatility	4.14	3.42	+0.72
Sortino ratio: Return per unit of downside risk	4.78	4.42	+0.36
Omega ratio: Gain probability vs. loss probability	1.74	1.62	+0.12
Calmar ratio: Return relative to maximum drawdown	6.17	4.91	+1.26
Martin ratio: Return relative to average drawdown	24.54	19.88	+4.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLLSX vs. SDMGX - Sharpe Ratio Comparison

The current GLLSX Sharpe Ratio is 4.14, which is comparable to the SDMGX Sharpe Ratio of 3.42. The chart below compares the historical Sharpe Ratios of GLLSX and SDMGX, 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

	GLLSX	SDMGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.14	3.42	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.02	0.49	+0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.60	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.28	+0.41

Drawdowns

GLLSX vs. SDMGX - Drawdown Comparison

The maximum GLLSX drawdown since its inception was -32.59%, smaller than the maximum SDMGX drawdown of -67.12%. Use the drawdown chart below to compare losses from any high point for GLLSX and SDMGX.

Drawdown Indicators

	GLLSX	SDMGX	Difference
Max Drawdown Largest peak-to-trough decline	-32.59%	-67.12%	+34.53%
Max Drawdown (1Y) Largest decline over 1 year	-14.39%	-13.00%	-1.39%
Max Drawdown (3Y) Largest decline over 3 years	-20.95%	-18.90%	-2.05%
Max Drawdown (5Y) Largest decline over 5 years	-30.02%	-39.80%	+9.78%
Max Drawdown (10Y) Largest decline over 10 years	-32.59%	-44.63%	+12.04%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.92%	-23.60%	+15.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	3.21%	+0.40%

Volatility

GLLSX vs. SDMGX - Volatility Comparison

abrdn Emerging Markets ex-China Fund (GLLSX) has a higher volatility of 9.95% compared to SIT Developing Markets Growth Fund (SDMGX) at 7.66%. This indicates that GLLSX's price experiences larger fluctuations and is considered to be riskier than SDMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLLSX	SDMGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.95%	7.66%	+2.29%
Volatility (6M) Calculated over the trailing 6-month period	19.05%	15.41%	+3.64%
Volatility (1Y) Calculated over the trailing 1-year period	21.43%	18.68%	+2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.09%	19.47%	-1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.80%	19.37%	-1.57%

GLLSX vs. SDMGX - Expense Ratio Comparison

GLLSX has a 1.23% expense ratio, which is higher than SDMGX's 1.20% expense ratio.

Dividends

GLLSX vs. SDMGX - Dividend Comparison

GLLSX's dividend yield for the trailing twelve months is around 1.28%, more than SDMGX's 0.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLLSX abrdn Emerging Markets ex-China Fund	1.28%	1.88%	0.74%	0.77%	29.32%	22.85%	0.00%	3.38%	9.47%	8.40%	1.09%	0.94%
SDMGX SIT Developing Markets Growth Fund	0.67%	0.87%	4.13%	2.03%	2.44%	2.13%	0.26%	1.75%	1.67%	1.45%	0.27%	3.13%

Frequently Asked Questions

Can I hold both GLLSX and SDMGX in my portfolio?

GLLSX and SDMGX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLLSX or SDMGX?

GLLSX has higher volatility (9.95%) compared to SDMGX (7.66%). In terms of maximum drawdown, GLLSX dropped -32.59% vs SDMGX's -67.12%.

Which has better risk-adjusted returns?

GLLSX currently has the higher Sharpe Ratio (4.14 vs 3.42), 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.