REEIX vs. DRESX
REEIX (RBC Emerging Markets Equity Fund) and DRESX (Driehaus Emerging Markets Small Cap Growth Fund) are both Emerging Markets Equities funds. Over the past 10 years, REEIX returned 9.33%/yr vs 9.10%/yr for DRESX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. REEIX charges 0.88%/yr vs 1.24%/yr for DRESX.
Performance
REEIX vs. DRESX - Performance Comparison
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Returns By Period
In the year-to-date period, REEIX achieves a 18.93% return, which is significantly higher than DRESX's 4.11% return. Both investments have delivered pretty close results over the past 10 years, with REEIX having a 9.33% annualized return and DRESX not far behind at 9.10%.
REEIX
- 1D
- 1.50%
- 1M
- -0.05%
- 6M
- 10.87%
- YTD
- 18.93%
- 1Y
- 40.60%
- 3Y*
- 18.82%
- 5Y*
- 9.77%
- 10Y*
- 9.33%
- ALL TIME*
- 8.39%
DRESX
- 1D
- 1.44%
- 1M
- -8.67%
- 6M
- -3.73%
- YTD
- 4.11%
- 1Y
- 17.57%
- 3Y*
- 13.48%
- 5Y*
- 5.49%
- 10Y*
- 9.10%
- ALL TIME*
- 7.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
REEIX vs. DRESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REEIX RBC Emerging Markets Equity Fund | 18.93% | 34.54% | 6.38% | 12.20% | -14.62% | -4.36% | 16.76% | 17.26% | -10.63% | 35.13% |
DRESX Driehaus Emerging Markets Small Cap Growth Fund | 4.11% | 24.08% | 14.86% | 10.30% | -21.17% | 15.93% | 33.56% | 33.70% | -24.00% | 33.30% |
Correlation
The correlation between REEIX and DRESX is 0.77, 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. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.71 |
The correlation between REEIX and DRESX has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
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Return for Risk
REEIX vs. DRESX — Risk / Return Rank
REEIX
DRESX
REEIX vs. DRESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Emerging Markets Equity Fund (REEIX) and Driehaus Emerging Markets Small Cap Growth Fund (DRESX). 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.
| REEIX | DRESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.18 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 0.85 | +1.76 |
| Martin ratioReturn relative to average drawdown | 8.62 | 3.08 | +5.54 |
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Drawdowns
REEIX vs. DRESX - Drawdown Comparison
The maximum REEIX drawdown since its inception was -35.90%, which is greater than DRESX's maximum drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for REEIX and DRESX.
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Drawdown Indicators
| REEIX | DRESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.90% | -33.38% | -2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -15.07% | -20.40% | +5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -17.32% | -20.40% | +3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -29.18% | -25.88% | -3.30% |
Max Drawdown (10Y)Largest decline over 10 years | -35.90% | -33.38% | -2.52% |
Current DrawdownCurrent decline from peak | -7.69% | -17.88% | +10.19% |
Average DrawdownAverage peak-to-trough decline | -10.05% | -9.92% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 5.63% | -1.08% |
Volatility
REEIX vs. DRESX - Volatility Comparison
RBC Emerging Markets Equity Fund (REEIX) has a higher volatility of 9.89% compared to Driehaus Emerging Markets Small Cap Growth Fund (DRESX) at 7.46%. This indicates that REEIX's price experiences larger fluctuations and is considered to be riskier than DRESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REEIX | DRESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.89% | 7.46% | +2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 22.37% | 16.69% | +5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.26% | 18.55% | +5.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.47% | 15.42% | +3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 16.23% | +1.54% |
REEIX vs. DRESX - Expense Ratio Comparison
REEIX has a 0.88% expense ratio, which is lower than DRESX's 1.24% expense ratio.
Dividends
REEIX vs. DRESX - Dividend Comparison
REEIX's dividend yield for the trailing twelve months is around 2.76%, more than DRESX's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRESX Driehaus Emerging Markets Small Cap Growth Fund | 2.16% | 2.25% | 0.68% | 1.09% | 0.00% | 0.04% | 0.65% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% |
REEIX RBC Emerging Markets Equity Fund | 2.76% | 3.29% | 1.52% | 1.59% | 1.35% | 2.81% | 1.00% | 3.11% | 8.35% | 0.90% | 1.18% | 2.51% |
Frequently Asked Questions
REEIX and DRESX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REEIX has higher volatility (9.89%) compared to DRESX (7.46%). In terms of maximum drawdown, REEIX dropped -35.90% vs DRESX's -33.38%.
REEIX currently has the higher Sharpe Ratio (1.62 vs 0.94), 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.
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