MSMLX vs. BEMIX
Compare and contrast key facts about Matthews Emerging Markets Small Companies Fund (MSMLX) and Brandes Emerging Markets Fund (BEMIX).
MSMLX is managed by Matthews. It was launched on Sep 14, 2008. BEMIX is managed by Brandes. It was launched on Jan 30, 2011.
Performance
MSMLX vs. BEMIX - Performance Comparison
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MSMLX vs. BEMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSMLX Matthews Emerging Markets Small Companies Fund | -0.43% | 13.50% | -6.10% | 20.04% | -16.78% | 26.40% | 43.69% | 17.38% | -17.80% | 30.43% |
BEMIX Brandes Emerging Markets Fund | 2.96% | 47.83% | 4.01% | 22.53% | -15.91% | 1.68% | -6.17% | 18.60% | -15.56% | 26.00% |
Returns By Period
In the year-to-date period, MSMLX achieves a -0.43% return, which is significantly lower than BEMIX's 2.96% return. Over the past 10 years, MSMLX has outperformed BEMIX with an annualized return of 9.25%, while BEMIX has yielded a comparatively lower 8.04% annualized return.
MSMLX
- 1D
- -1.87%
- 1M
- -12.08%
- YTD
- -0.43%
- 6M
- -1.97%
- 1Y
- 15.42%
- 3Y*
- 6.49%
- 5Y*
- 5.95%
- 10Y*
- 9.25%
BEMIX
- 1D
- -0.79%
- 1M
- -11.64%
- YTD
- 2.96%
- 6M
- 11.40%
- 1Y
- 45.15%
- 3Y*
- 21.23%
- 5Y*
- 9.84%
- 10Y*
- 8.04%
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MSMLX vs. BEMIX - Expense Ratio Comparison
MSMLX has a 1.37% expense ratio, which is higher than BEMIX's 1.12% expense ratio.
Return for Risk
MSMLX vs. BEMIX — Risk / Return Rank
MSMLX
BEMIX
MSMLX vs. BEMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Small Companies Fund (MSMLX) 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.
| MSMLX | BEMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 2.57 | -1.74 |
Sortino ratioReturn per unit of downside risk | 1.20 | 3.24 | -2.04 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.51 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 3.45 | -2.58 |
Martin ratioReturn relative to average drawdown | 2.85 | 14.31 | -11.46 |
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
| MSMLX | BEMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 2.57 | -1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.61 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.48 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.24 | +0.34 |
Correlation
The correlation between MSMLX and BEMIX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MSMLX vs. BEMIX - Dividend Comparison
MSMLX's dividend yield for the trailing twelve months is around 1.50%, less than BEMIX's 2.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSMLX Matthews Emerging Markets Small Companies Fund | 1.50% | 1.50% | 3.95% | 8.36% | 8.04% | 9.18% | 0.28% | 0.51% | 21.31% | 8.12% | 0.43% | 0.13% |
BEMIX Brandes Emerging Markets Fund | 2.09% | 2.15% | 3.04% | 2.45% | 2.86% | 2.31% | 1.31% | 2.56% | 1.55% | 1.41% | 2.20% | 1.54% |
Drawdowns
MSMLX vs. BEMIX - Drawdown Comparison
The maximum MSMLX drawdown since its inception was -36.40%, smaller than the maximum BEMIX drawdown of -46.05%. Use the drawdown chart below to compare losses from any high point for MSMLX and BEMIX.
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Drawdown Indicators
| MSMLX | BEMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.40% | -46.05% | +9.65% |
Max Drawdown (1Y)Largest decline over 1 year | -12.89% | -12.07% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -28.00% | -36.37% | +8.37% |
Max Drawdown (10Y)Largest decline over 10 years | -34.33% | -46.05% | +11.72% |
Current DrawdownCurrent decline from peak | -12.89% | -12.07% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -9.30% | -14.32% | +5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 2.91% | +1.02% |
Volatility
MSMLX vs. BEMIX - Volatility Comparison
Matthews Emerging Markets Small Companies Fund (MSMLX) and Brandes Emerging Markets Fund (BEMIX) have volatilities of 8.16% and 8.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSMLX | BEMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.16% | 8.42% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 12.56% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.61% | 17.37% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.24% | 16.15% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 16.96% | -0.13% |