MGEMX vs. DEMIX
Compare and contrast key facts about Morgan Stanley Institutional Fund, Inc. Emerging Markets Portfolio (MGEMX) and Delaware Emerging Markets Fund (DEMIX).
MGEMX is managed by T. Rowe Price. It was launched on Sep 24, 1992. DEMIX is managed by Delaware Funds. It was launched on Jun 9, 1996.
Performance
MGEMX vs. DEMIX - Performance Comparison
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MGEMX vs. DEMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGEMX Morgan Stanley Institutional Fund, Inc. Emerging Markets Portfolio | 0.28% | -34.08% | 8.07% | 12.16% | -25.07% | 3.53% | 14.59% | 37.21% | -17.34% | 34.98% |
DEMIX Delaware Emerging Markets Fund | 13.36% | 86.79% | 6.52% | 17.59% | -28.66% | -2.08% | 26.09% | 24.33% | -17.10% | 41.98% |
Returns By Period
In the year-to-date period, MGEMX achieves a 0.28% return, which is significantly lower than DEMIX's 13.36% return. Over the past 10 years, MGEMX has underperformed DEMIX with an annualized return of 1.13%, while DEMIX has yielded a comparatively higher 14.40% annualized return.
MGEMX
- 1D
- -1.26%
- 1M
- -14.36%
- YTD
- 0.28%
- 6M
- -47.13%
- 1Y
- -35.09%
- 3Y*
- -7.95%
- 5Y*
- -9.50%
- 10Y*
- 1.13%
DEMIX
- 1D
- 0.99%
- 1M
- -18.24%
- YTD
- 13.36%
- 6M
- 43.46%
- 1Y
- 104.80%
- 3Y*
- 35.24%
- 5Y*
- 12.50%
- 10Y*
- 14.40%
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MGEMX vs. DEMIX - Expense Ratio Comparison
MGEMX has a 1.05% expense ratio, which is lower than DEMIX's 1.26% expense ratio.
Return for Risk
MGEMX vs. DEMIX — Risk / Return Rank
MGEMX
DEMIX
MGEMX vs. DEMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. Emerging Markets Portfolio (MGEMX) and Delaware Emerging Markets Fund (DEMIX). 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.
| MGEMX | DEMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.65 | 3.11 | -3.77 |
Sortino ratioReturn per unit of downside risk | -0.41 | 3.29 | -3.70 |
Omega ratioGain probability vs. loss probability | 0.84 | 1.51 | -0.66 |
Calmar ratioReturn relative to maximum drawdown | -0.69 | 4.81 | -5.50 |
Martin ratioReturn relative to average drawdown | -1.47 | 18.57 | -20.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MGEMX | DEMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.65 | 3.11 | -3.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.54 | -0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | 0.66 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.44 | -0.17 |
Correlation
The correlation between MGEMX and DEMIX is 0.87, 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.
Dividends
MGEMX vs. DEMIX - Dividend Comparison
MGEMX has not paid dividends to shareholders, while DEMIX's dividend yield for the trailing twelve months is around 16.74%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGEMX Morgan Stanley Institutional Fund, Inc. Emerging Markets Portfolio | 0.00% | 0.00% | 1.27% | 2.48% | 4.48% | 9.05% | 1.07% | 26.00% | 2.46% | 0.60% | 0.82% | 0.87% |
DEMIX Delaware Emerging Markets Fund | 16.74% | 18.97% | 1.99% | 2.95% | 1.89% | 3.42% | 0.87% | 0.80% | 0.65% | 1.80% | 0.94% | 0.30% |
Drawdowns
MGEMX vs. DEMIX - Drawdown Comparison
The maximum MGEMX drawdown since its inception was -64.93%, roughly equal to the maximum DEMIX drawdown of -63.15%. Use the drawdown chart below to compare losses from any high point for MGEMX and DEMIX.
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Drawdown Indicators
| MGEMX | DEMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.93% | -63.15% | -1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -52.50% | -20.32% | -32.18% |
Max Drawdown (5Y)Largest decline over 5 years | -52.50% | -43.95% | -8.55% |
Max Drawdown (10Y)Largest decline over 10 years | -52.50% | -46.29% | -6.21% |
Current DrawdownCurrent decline from peak | -50.09% | -19.53% | -30.56% |
Average DrawdownAverage peak-to-trough decline | -19.71% | -18.54% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.73% | 5.26% | +19.47% |
Volatility
MGEMX vs. DEMIX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund, Inc. Emerging Markets Portfolio (MGEMX) is 9.62%, while Delaware Emerging Markets Fund (DEMIX) has a volatility of 19.15%. This indicates that MGEMX experiences smaller price fluctuations and is considered to be less risky than DEMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGEMX | DEMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.62% | 19.15% | -9.53% |
Volatility (6M)Calculated over the trailing 6-month period | 72.78% | 28.50% | +44.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.61% | 33.36% | +21.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.63% | 23.11% | +5.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.46% | 21.94% | +2.52% |