JOHIX vs. JOEMX

Last updated Aug 1, 2026

JOHIX (JOHCM International Select Fund) and JOEMX (JOHCM Emerging Markets Opportunities Fund) are both mutual funds - JOHIX is a Foreign Large Cap Equities fund managed by JOHCM Funds, while JOEMX is a Emerging Markets Equities fund managed by JOHCM Funds. Over the past 10 years, JOHIX returned 7.19%/yr vs 8.53%/yr for JOEMX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. JOHIX charges 0.98%/yr vs 1.02%/yr for JOEMX.

Performance

JOHIX vs. JOEMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JOHCM International Select Fund (JOHIX) and JOHCM Emerging Markets Opportunities Fund (JOEMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JOHIX achieves a 5.32% return, which is significantly lower than JOEMX's 15.83% return. Over the past 10 years, JOHIX has underperformed JOEMX with an annualized return of 7.19%, while JOEMX has yielded a comparatively higher 8.53% annualized return.

JOHIX

• 1D: 4.20%
• 1M: -0.54%
• 6M: -3.43%
• YTD: 5.32%
• 1Y: 17.34%
• 3Y*: 10.60%
• 5Y*: 2.64%
• 10Y*: 7.19%
• ALL TIME*: 8.73%

JOEMX

• 1D: 2.80%
• 1M: -1.26%
• 6M: 5.24%
• YTD: 15.83%
• 1Y: 34.96%
• 3Y*: 17.19%
• 5Y*: 8.19%
• 10Y*: 8.53%
• ALL TIME*: 5.78%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JOEMX JOHCM Emerging Markets Opportunities Fund	$0.00	$0.00	$0.00
JOHIX JOHCM International Select Fund	$0.00	$0.00	$0.00

JOHIX vs. JOEMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JOHIX JOHCM International Select Fund	5.32%	25.70%	0.11%	18.16%	-32.38%	12.38%	29.72%	19.04%	-8.28%	22.88%
JOEMX JOHCM Emerging Markets Opportunities Fund	15.83%	36.38%	6.03%	7.18%	-15.74%	1.29%	16.46%	14.86%	-14.73%	34.68%

Correlation

The correlation between JOHIX and JOEMX is 0.62, 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.	0.62
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (5Y) Shows whether the relationship held over a longer period.	0.66
Correlation (10Y) Provides a long-term view across more market conditions.	0.68
Correlation (All Time) Calculated using the full available price history since Nov 23, 2012	0.68

The correlation between JOHIX and JOEMX has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.

Return for Risk

JOHIX vs. JOEMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JOHIX

JOHIX Risk / Return Rank: 27
JOHIX Sharpe Ratio Rank: 26
JOHIX Sortino Ratio Rank: 27
JOHIX Omega Ratio Rank: 28
JOHIX Calmar Ratio Rank: 28
JOHIX Martin Ratio Rank: 27

JOEMX

JOEMX Risk / Return Rank: 61
JOEMX Sharpe Ratio Rank: 67
JOEMX Sortino Ratio Rank: 57
JOEMX Omega Ratio Rank: 66
JOEMX Calmar Ratio Rank: 62
JOEMX Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JOHIX vs. JOEMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JOHCM International Select Fund (JOHIX) and JOHCM Emerging Markets Opportunities Fund (JOEMX). 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.

	JOHIX	JOEMX	Difference
Sharpe ratio: Return per unit of total volatility	0.89	1.60	-0.71
Sortino ratio: Return per unit of downside risk	1.37	2.09	-0.72
Omega ratio: Gain probability vs. loss probability	1.18	1.29	-0.12
Calmar ratio: Return relative to maximum drawdown	1.26	2.12	-0.86
Martin ratio: Return relative to average drawdown	3.80	7.16	-3.36

JOHIX vs. JOEMX - Sharpe Ratio Comparison

The current JOHIX Sharpe Ratio is 0.89, which is lower than the JOEMX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of JOHIX and JOEMX, 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

JOHIX vs. JOEMX - Drawdown Comparison

The maximum JOHIX drawdown since its inception was -41.60%, which is greater than JOEMX's maximum drawdown of -38.23%. Use the drawdown chart below to compare losses from any high point for JOHIX and JOEMX.

Drawdown Indicators

	JOHIX	JOEMX	Difference
Max Drawdown Largest peak-to-trough decline	-41.60%	-38.23%	-3.37%
Max Drawdown (1Y) Largest decline over 1 year	-14.26%	-15.66%	+1.40%
Max Drawdown (3Y) Largest decline over 3 years	-19.70%	-15.73%	-3.97%
Max Drawdown (5Y) Largest decline over 5 years	-41.60%	-26.63%	-14.97%
Max Drawdown (10Y) Largest decline over 10 years	-41.60%	-38.23%	-3.37%
Current Drawdown Current decline from peak	-5.55%	-6.55%	+1.00%
Average Drawdown Average peak-to-trough decline	-9.23%	-11.48%	+2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	4.60%	-0.03%

Volatility

JOHIX vs. JOEMX - Volatility Comparison

The current volatility for JOHCM International Select Fund (JOHIX) is 6.54%, while JOHCM Emerging Markets Opportunities Fund (JOEMX) has a volatility of 6.92%. This indicates that JOHIX experiences smaller price fluctuations and is considered to be less risky than JOEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JOHIX	JOEMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.54%	6.92%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	17.14%	18.23%	-1.09%
Volatility (1Y) Calculated over the trailing 1-year period	20.18%	20.80%	-0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.86%	17.30%	+1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.09%	17.34%	-0.25%

JOHIX vs. JOEMX - Expense Ratio Comparison

JOHIX has a 0.98% expense ratio, which is lower than JOEMX's 1.02% expense ratio.

Dividends

JOHIX vs. JOEMX - Dividend Comparison

JOHIX's dividend yield for the trailing twelve months is around 3.05%, less than JOEMX's 3.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JOEMX JOHCM Emerging Markets Opportunities Fund	3.48%	4.03%	1.22%	1.76%	2.08%	3.67%	1.13%	3.85%	4.55%	0.63%	0.86%	0.00%
JOHIX JOHCM International Select Fund	3.05%	3.21%	1.71%	1.90%	1.67%	12.27%	2.88%	0.95%	1.51%	1.18%	0.71%	0.37%

Frequently Asked Questions

Can I hold both JOHIX and JOEMX in my portfolio?

JOHIX and JOEMX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JOHIX or JOEMX?

JOEMX has higher volatility (6.92%) compared to JOHIX (6.54%). In terms of maximum drawdown, JOHIX dropped -41.60% vs JOEMX's -38.23%.

Which has better risk-adjusted returns?

JOEMX currently has the higher Sharpe Ratio (1.60 vs 0.89), 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.