SAHMX vs. SAEMX

Last updated Jun 23, 2026

SAHMX (SA International Value Fund) and SAEMX (SA Emerging Markets Value Fund) are both mutual funds - SAHMX is a Foreign Large Cap Equities fund managed by SA Funds, while SAEMX is a Emerging Markets Diversified fund managed by SA Funds. Over the past 10 years, SAHMX returned 10.86%/yr vs 10.43%/yr for SAEMX. A 0.69 correlation means they provide meaningful diversification when combined. SAHMX charges 1.11%/yr vs 1.24%/yr for SAEMX.

Performance

SAHMX vs. SAEMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SA International Value Fund (SAHMX) and SA Emerging Markets Value Fund (SAEMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SAHMX achieves a 10.81% return, which is significantly lower than SAEMX's 27.19% return. Both investments have delivered pretty close results over the past 10 years, with SAHMX having a 10.86% annualized return and SAEMX not far behind at 10.43%.

SAHMX

• 1D: -0.62%
• 1M: -0.41%
• YTD: 10.81%
• 6M: 11.38%
• 1Y: 32.87%
• 3Y*: 21.15%
• 5Y*: 13.92%
• 10Y*: 10.86%

SAEMX

• 1D: 0.38%
• 1M: 5.47%
• YTD: 27.19%
• 6M: 28.85%
• 1Y: 47.33%
• 3Y*: 22.03%
• 5Y*: 11.47%
• 10Y*: 10.43%

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

SAHMX vs. SAEMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SAHMX SA International Value Fund	10.81%	44.08%	5.44%	16.49%	-3.70%	17.59%	-2.48%	14.61%	-17.95%	25.06%
SAEMX SA Emerging Markets Value Fund	27.19%	29.21%	5.47%	15.72%	-11.61%	10.51%	0.88%	8.05%	-12.11%	31.24%

Correlation

The correlation between SAHMX and SAEMX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008	0.70

The correlation between SAHMX and SAEMX shifts across timeframes, from 0.50 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SAHMX vs. SAEMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SAHMX

SAHMX Risk / Return Rank: 88
SAHMX Sharpe Ratio Rank: 94
SAHMX Sortino Ratio Rank: 90
SAHMX Omega Ratio Rank: 85
SAHMX Calmar Ratio Rank: 89
SAHMX Martin Ratio Rank: 81

SAEMX

SAEMX Risk / Return Rank: 90
SAEMX Sharpe Ratio Rank: 95
SAEMX Sortino Ratio Rank: 88
SAEMX Omega Ratio Rank: 87
SAEMX Calmar Ratio Rank: 90
SAEMX Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SAHMX vs. SAEMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SA International Value Fund (SAHMX) and SA Emerging Markets Value Fund (SAEMX). 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.

	SAHMX	SAEMX	Difference
Sharpe ratio: Return per unit of total volatility	2.97	3.09	-0.13
Sortino ratio: Return per unit of downside risk	4.12	3.91	+0.21
Omega ratio: Gain probability vs. loss probability	1.54	1.56	-0.03
Calmar ratio: Return relative to maximum drawdown	4.19	4.33	-0.14
Martin ratio: Return relative to average drawdown	14.00	15.61	-1.61

SAHMX vs. SAEMX - Sharpe Ratio Comparison

The current SAHMX Sharpe Ratio is 2.97, which is comparable to the SAEMX Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of SAHMX and SAEMX, 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

SAHMX vs. SAEMX - Drawdown Comparison

The maximum SAHMX drawdown since its inception was -66.58%, which is greater than SAEMX's maximum drawdown of -63.08%. Use the drawdown chart below to compare losses from any high point for SAHMX and SAEMX.

Drawdown Indicators

	SAHMX	SAEMX	Difference
Max Drawdown Largest peak-to-trough decline	-66.58%	-63.08%	-3.50%
Max Drawdown (1Y) Largest decline over 1 year	-8.72%	-12.22%	+3.50%
Max Drawdown (3Y) Largest decline over 3 years	-14.85%	-17.80%	+2.95%
Max Drawdown (5Y) Largest decline over 5 years	-25.10%	-25.12%	+0.02%
Max Drawdown (10Y) Largest decline over 10 years	-48.63%	-49.23%	+0.60%
Current Drawdown Current decline from peak	-1.72%	-0.69%	-1.03%
Average Drawdown Average peak-to-trough decline	-16.15%	-17.18%	+1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	3.24%	-0.74%

Volatility

SAHMX vs. SAEMX - Volatility Comparison

The current volatility for SA International Value Fund (SAHMX) is 2.76%, while SA Emerging Markets Value Fund (SAEMX) has a volatility of 7.34%. This indicates that SAHMX experiences smaller price fluctuations and is considered to be less risky than SAEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAHMX	SAEMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	7.34%	-4.58%
Volatility (6M) Calculated over the trailing 6-month period	9.41%	14.51%	-5.10%
Volatility (1Y) Calculated over the trailing 1-year period	12.32%	17.09%	-4.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.47%	15.17%	+0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.38%	15.61%	+0.77%

SAHMX vs. SAEMX - Expense Ratio Comparison

SAHMX has a 1.11% expense ratio, which is lower than SAEMX's 1.24% expense ratio.

Dividends

SAHMX vs. SAEMX - Dividend Comparison

SAHMX's dividend yield for the trailing twelve months is around 4.83%, more than SAEMX's 2.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SAEMX SA Emerging Markets Value Fund	2.70%	3.43%	4.37%	4.07%	3.54%	2.86%	1.76%	2.18%	1.78%	1.28%	1.23%	1.25%
SAHMX SA International Value Fund	4.83%	5.35%	3.57%	3.46%	4.06%	3.05%	2.09%	3.66%	1.93%	2.46%	2.89%	1.91%

Frequently Asked Questions

Can I hold both SAHMX and SAEMX in my portfolio?

SAHMX and SAEMX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SAHMX or SAEMX?

SAEMX has higher volatility (7.34%) compared to SAHMX (2.76%). In terms of maximum drawdown, SAHMX dropped -66.58% vs SAEMX's -63.08%.

Which has better risk-adjusted returns?

SAEMX currently has the higher Sharpe Ratio (3.09 vs 2.97), 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.