RWCEX vs. HLFMX
Compare and contrast key facts about Redwheel Global Emerging Equity Fund (RWCEX) and Harding Loevner Frontier Emerging Markets Fund (HLFMX).
RWCEX is managed by RWC. It was launched on Dec 29, 2016. HLFMX is managed by Harding Loevner. It was launched on May 26, 2008.
Performance
RWCEX vs. HLFMX - Performance Comparison
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RWCEX vs. HLFMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWCEX Redwheel Global Emerging Equity Fund | 1.93% | 40.13% | -1.85% | 5.59% | -24.47% | -5.10% | 34.62% | 23.99% | -27.36% | 41.23% |
HLFMX Harding Loevner Frontier Emerging Markets Fund | -0.11% | 16.95% | 8.76% | 10.43% | -18.91% | 10.18% | 0.11% | 10.88% | -15.45% | 24.04% |
Returns By Period
In the year-to-date period, RWCEX achieves a 1.93% return, which is significantly higher than HLFMX's -0.11% return.
RWCEX
- 1D
- 2.36%
- 1M
- -10.48%
- YTD
- 1.93%
- 6M
- 3.77%
- 1Y
- 32.79%
- 3Y*
- 12.59%
- 5Y*
- 0.30%
- 10Y*
- —
HLFMX
- 1D
- 2.06%
- 1M
- -5.71%
- YTD
- -0.11%
- 6M
- 3.25%
- 1Y
- 15.51%
- 3Y*
- 11.57%
- 5Y*
- 4.87%
- 10Y*
- 4.15%
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RWCEX vs. HLFMX - Expense Ratio Comparison
RWCEX has a 1.22% expense ratio, which is lower than HLFMX's 1.60% expense ratio.
Return for Risk
RWCEX vs. HLFMX — Risk / Return Rank
RWCEX
HLFMX
RWCEX vs. HLFMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwheel Global Emerging Equity Fund (RWCEX) and Harding Loevner Frontier Emerging Markets Fund (HLFMX). 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.
| RWCEX | HLFMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 1.36 | +0.32 |
Sortino ratioReturn per unit of downside risk | 2.13 | 1.85 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.27 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.20 | 1.41 | +0.79 |
Martin ratioReturn relative to average drawdown | 8.11 | 5.03 | +3.08 |
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
| RWCEX | HLFMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 1.36 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.48 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.07 | +0.26 |
Correlation
The correlation between RWCEX and HLFMX is 0.59, 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
RWCEX vs. HLFMX - Dividend Comparison
RWCEX's dividend yield for the trailing twelve months is around 0.94%, less than HLFMX's 3.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWCEX Redwheel Global Emerging Equity Fund | 0.94% | 0.96% | 1.27% | 0.68% | 0.54% | 16.01% | 0.24% | 0.49% | 0.14% | 1.47% | 0.00% | 0.00% |
HLFMX Harding Loevner Frontier Emerging Markets Fund | 3.57% | 3.56% | 1.88% | 1.77% | 2.28% | 0.83% | 1.61% | 1.97% | 1.34% | 1.90% | 1.01% | 1.13% |
Drawdowns
RWCEX vs. HLFMX - Drawdown Comparison
The maximum RWCEX drawdown since its inception was -46.08%, smaller than the maximum HLFMX drawdown of -63.95%. Use the drawdown chart below to compare losses from any high point for RWCEX and HLFMX.
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Drawdown Indicators
| RWCEX | HLFMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.08% | -63.95% | +17.87% |
Max Drawdown (1Y)Largest decline over 1 year | -14.62% | -11.09% | -3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -43.04% | -28.37% | -14.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.61% | — |
Current DrawdownCurrent decline from peak | -12.60% | -9.26% | -3.34% |
Average DrawdownAverage peak-to-trough decline | -20.58% | -19.38% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 3.11% | +0.86% |
Volatility
RWCEX vs. HLFMX - Volatility Comparison
Redwheel Global Emerging Equity Fund (RWCEX) has a higher volatility of 9.37% compared to Harding Loevner Frontier Emerging Markets Fund (HLFMX) at 6.73%. This indicates that RWCEX's price experiences larger fluctuations and is considered to be riskier than HLFMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWCEX | HLFMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 6.73% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 14.92% | 8.72% | +6.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.36% | 12.03% | +8.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.57% | 10.23% | +10.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.64% | 11.79% | +8.85% |