HLMEX vs. VIGAX
Compare and contrast key facts about Harding Loevner Institutional Emerging Markets Portfolio (HLMEX) and Vanguard Growth Index Fund Admiral Shares (VIGAX).
HLMEX is managed by Harding Loevner. It was launched on Oct 16, 2005. VIGAX is managed by Vanguard. It was launched on Nov 13, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HLMEX or VIGAX.
Key characteristics
| HLMEX | VIGAX | |
|---|---|---|
| YTD Return | 4.40% | 20.31% |
| 1Y Return | 8.30% | 32.53% |
| 3Y Return (Ann) | -8.35% | 7.83% |
| 5Y Return (Ann) | -0.48% | 18.15% |
| 10Y Return (Ann) | 1.00% | 15.05% |
| Sharpe Ratio | 0.56 | 1.87 |
| Daily Std Dev | 14.49% | 17.31% |
| Max Drawdown | -65.03% | -50.66% |
| Current Drawdown | -29.77% | -4.83% |
Correlation
The correlation between HLMEX and VIGAX is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HLMEX vs. VIGAX - Performance Comparison
In the year-to-date period, HLMEX achieves a 4.40% return, which is significantly lower than VIGAX's 20.31% return. Over the past 10 years, HLMEX has underperformed VIGAX with an annualized return of 1.00%, while VIGAX has yielded a comparatively higher 15.05% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HLMEX vs. VIGAX - Expense Ratio Comparison
HLMEX has a 1.10% expense ratio, which is higher than VIGAX's 0.05% expense ratio.
Risk-Adjusted Performance
HLMEX vs. VIGAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harding Loevner Institutional Emerging Markets Portfolio (HLMEX) and Vanguard Growth Index Fund Admiral Shares (VIGAX). 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.
Dividends
HLMEX vs. VIGAX - Dividend Comparison
HLMEX's dividend yield for the trailing twelve months is around 1.34%, more than VIGAX's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLMEX Harding Loevner Institutional Emerging Markets Portfolio | 1.34% | 1.40% | 0.96% | 0.71% | 0.39% | 1.46% | 0.98% | 0.76% | 0.62% | 0.63% | 0.72% | 0.84% |
VIGAX Vanguard Growth Index Fund Admiral Shares | 0.50% | 0.57% | 0.69% | 0.47% | 0.66% | 0.94% | 1.31% | 1.14% | 1.39% | 1.31% | 1.21% | 1.19% |
Drawdowns
HLMEX vs. VIGAX - Drawdown Comparison
The maximum HLMEX drawdown since its inception was -65.03%, which is greater than VIGAX's maximum drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for HLMEX and VIGAX. For additional features, visit the drawdowns tool.
Volatility
HLMEX vs. VIGAX - Volatility Comparison
The current volatility for Harding Loevner Institutional Emerging Markets Portfolio (HLMEX) is 3.68%, while Vanguard Growth Index Fund Admiral Shares (VIGAX) has a volatility of 5.40%. This indicates that HLMEX experiences smaller price fluctuations and is considered to be less risky than VIGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.