GMLVX vs. BEMIX

Last updated Jul 14, 2026

GMLVX (GuideMark Emerging Markets Fund) and BEMIX (Brandes Emerging Markets Fund) are both Emerging Markets Diversified funds. Over the past 10 years, GMLVX returned 9.26%/yr vs 9.14%/yr for BEMIX. Their correlation of 0.84 suggests significant overlap in exposure. GMLVX charges 1.40%/yr vs 1.12%/yr for BEMIX.

Performance

GMLVX vs. BEMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GuideMark Emerging Markets Fund (GMLVX) and Brandes Emerging Markets Fund (BEMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GMLVX having a 22.64% return and BEMIX slightly lower at 21.56%. Both investments have delivered pretty close results over the past 10 years, with GMLVX having a 9.26% annualized return and BEMIX not far behind at 9.14%.

GMLVX

• 1D: 0.63%
• 1M: -2.34%
• 6M: 15.69%
• YTD: 22.64%
• 1Y: 39.19%
• 3Y*: 21.72%
• 5Y*: 7.55%
• 10Y*: 9.26%

BEMIX

• 1D: 0.69%
• 1M: -0.65%
• 6M: 16.48%
• YTD: 21.56%
• 1Y: 46.13%
• 3Y*: 25.58%
• 5Y*: 13.00%
• 10Y*: 9.14%

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

GMLVX vs. BEMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GMLVX GuideMark Emerging Markets Fund	22.64%	30.29%	7.90%	11.13%	-20.58%	-0.51%	15.41%	17.72%	-15.18%	38.23%
BEMIX Brandes Emerging Markets Fund	21.56%	47.83%	4.01%	22.53%	-15.91%	1.68%	-6.17%	18.60%	-15.56%	26.00%

Correlation

The correlation between GMLVX and BEMIX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jan 31, 2011	0.84

The correlation between GMLVX and BEMIX has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.

Return for Risk

GMLVX vs. BEMIX — Risk / Return Rank

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

GMLVX

GMLVX Risk / Return Rank: 63
GMLVX Sharpe Ratio Rank: 60
GMLVX Sortino Ratio Rank: 48
GMLVX Omega Ratio Rank: 67
GMLVX Calmar Ratio Rank: 75
GMLVX Martin Ratio Rank: 63

BEMIX

BEMIX Risk / Return Rank: 89
BEMIX Sharpe Ratio Rank: 92
BEMIX Sortino Ratio Rank: 84
BEMIX Omega Ratio Rank: 87
BEMIX Calmar Ratio Rank: 91
BEMIX 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.

GMLVX vs. BEMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GuideMark Emerging Markets Fund (GMLVX) and Brandes Emerging Markets Fund (BEMIX). 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.

	GMLVX	BEMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	2.50	-0.79
Sortino ratio: Return per unit of downside risk	2.23	3.21	-0.98
Omega ratio: Gain probability vs. loss probability	1.34	1.49	-0.15
Calmar ratio: Return relative to maximum drawdown	2.69	3.82	-1.13
Martin ratio: Return relative to average drawdown	9.61	14.39	-4.78

GMLVX vs. BEMIX - Sharpe Ratio Comparison

The current GMLVX Sharpe Ratio is 1.72, which is lower than the BEMIX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of GMLVX and BEMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GMLVX vs. BEMIX - Drawdown Comparison

The maximum GMLVX drawdown since its inception was -70.50%, which is greater than BEMIX's maximum drawdown of -46.05%. Use the drawdown chart below to compare losses from any high point for GMLVX and BEMIX.

Drawdown Indicators

	GMLVX	BEMIX	Difference
Max Drawdown Largest peak-to-trough decline	-70.50%	-46.05%	-24.45%
Max Drawdown (1Y) Largest decline over 1 year	-14.40%	-12.07%	-2.33%
Max Drawdown (3Y) Largest decline over 3 years	-16.31%	-16.08%	-0.23%
Max Drawdown (5Y) Largest decline over 5 years	-33.98%	-33.25%	-0.73%
Max Drawdown (10Y) Largest decline over 10 years	-39.40%	-46.05%	+6.65%
Current Drawdown Current decline from peak	-6.45%	-3.37%	-3.08%
Average Drawdown Average peak-to-trough decline	-18.12%	-14.11%	-4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	3.20%	+0.82%

Volatility

GMLVX vs. BEMIX - Volatility Comparison

GuideMark Emerging Markets Fund (GMLVX) has a higher volatility of 11.29% compared to Brandes Emerging Markets Fund (BEMIX) at 7.13%. This indicates that GMLVX's price experiences larger fluctuations and is considered to be riskier than BEMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMLVX	BEMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.29%	7.13%	+4.16%
Volatility (6M) Calculated over the trailing 6-month period	20.78%	16.40%	+4.38%
Volatility (1Y) Calculated over the trailing 1-year period	22.55%	18.41%	+4.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.50%	16.92%	+0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	17.12%	+0.84%

GMLVX vs. BEMIX - Expense Ratio Comparison

GMLVX has a 1.40% expense ratio, which is higher than BEMIX's 1.12% expense ratio.

Dividends

GMLVX vs. BEMIX - Dividend Comparison

GMLVX's dividend yield for the trailing twelve months is around 1.22%, less than BEMIX's 1.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEMIX Brandes Emerging Markets Fund	1.90%	2.15%	3.04%	2.45%	2.86%	2.31%	1.31%	2.56%	1.55%	1.41%	2.20%	1.54%
GMLVX GuideMark Emerging Markets Fund	1.22%	1.50%	3.01%	3.46%	17.44%	9.65%	0.19%	1.76%	15.38%	0.71%	0.35%	1.34%

Frequently Asked Questions

Can I hold both GMLVX and BEMIX in my portfolio?

With a correlation of 0.92, GMLVX and BEMIX 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, GMLVX or BEMIX?

GMLVX has higher volatility (11.29%) compared to BEMIX (7.13%). In terms of maximum drawdown, GMLVX dropped -70.50% vs BEMIX's -46.05%.

Which has better risk-adjusted returns?

BEMIX currently has the higher Sharpe Ratio (2.50 vs 1.72), 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.