SEMNX vs. IEMG
SEMNX (Hartford Schroders Emerging Markets Equity Fund Class I) and IEMG (iShares Core MSCI Emerging Markets ETF) are both funds - SEMNX is a Emerging Markets Equities fund managed by Hartford, while IEMG is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Investable Market Index (USD) (Net). Over the past 10 years, SEMNX returned 11.02%/yr vs 9.04%/yr for IEMG. Their correlation of 0.91 suggests significant overlap in exposure. SEMNX charges 1.23%/yr vs 0.09%/yr for IEMG.
Performance
SEMNX vs. IEMG - Performance Comparison
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Returns By Period
In the year-to-date period, SEMNX achieves a 27.06% return, which is significantly higher than IEMG's 17.70% return. Over the past 10 years, SEMNX has outperformed IEMG with an annualized return of 11.02%, while IEMG has yielded a comparatively lower 9.04% annualized return.
SEMNX
- 1D
- 0.14%
- 1M
- -1.45%
- 6M
- 20.30%
- YTD
- 27.06%
- 1Y
- 55.74%
- 3Y*
- 24.73%
- 5Y*
- 8.32%
- 10Y*
- 11.02%
IEMG
- 1D
- -3.48%
- 1M
- -4.18%
- 6M
- 11.50%
- YTD
- 17.70%
- 1Y
- 34.02%
- 3Y*
- 18.90%
- 5Y*
- 6.68%
- 10Y*
- 9.04%
SEMNX vs. IEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEMNX Hartford Schroders Emerging Markets Equity Fund Class I | 27.06% | 40.36% | 7.56% | 8.80% | -22.30% | -5.11% | 23.58% | 22.12% | -15.57% | 40.87% |
IEMG iShares Core MSCI Emerging Markets ETF | 17.70% | 32.56% | 6.50% | 11.52% | -19.98% | -0.64% | 17.87% | 17.81% | -14.92% | 37.38% |
Correlation
The correlation between SEMNX and IEMG is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2012 | 0.91 |
The correlation between SEMNX and IEMG has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
SEMNX vs. IEMG — Risk / Return Rank
SEMNX
IEMG
SEMNX vs. IEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Schroders Emerging Markets Equity Fund Class I (SEMNX) and iShares Core MSCI Emerging Markets ETF (IEMG). 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.
| SEMNX | IEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.29 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 2.59 | +1.15 |
| Martin ratioReturn relative to average drawdown | 13.41 | 8.86 | +4.55 |
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Drawdowns
SEMNX vs. IEMG - Drawdown Comparison
The maximum SEMNX drawdown since its inception was -65.10%, which is greater than IEMG's maximum drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for SEMNX and IEMG.
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Drawdown Indicators
| SEMNX | IEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.10% | -38.71% | -26.39% |
Max Drawdown (1Y)Largest decline over 1 year | -14.80% | -13.21% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -16.67% | -17.21% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -37.95% | -34.19% | -3.76% |
Max Drawdown (10Y)Largest decline over 10 years | -42.47% | -38.71% | -3.76% |
Current DrawdownCurrent decline from peak | -6.81% | -8.73% | +1.92% |
Average DrawdownAverage peak-to-trough decline | -17.19% | -12.91% | -4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 3.85% | +0.26% |
Volatility
SEMNX vs. IEMG - Volatility Comparison
Hartford Schroders Emerging Markets Equity Fund Class I (SEMNX) has a higher volatility of 12.56% compared to iShares Core MSCI Emerging Markets ETF (IEMG) at 10.84%. This indicates that SEMNX's price experiences larger fluctuations and is considered to be riskier than IEMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEMNX | IEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.56% | 10.84% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 22.43% | 20.94% | +1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.55% | 22.88% | +1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.24% | 19.15% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.09% | 20.22% | -1.13% |
SEMNX vs. IEMG - Expense Ratio Comparison
SEMNX has a 1.23% expense ratio, which is higher than IEMG's 0.09% expense ratio.
Dividends
SEMNX vs. IEMG - Dividend Comparison
SEMNX's dividend yield for the trailing twelve months is around 1.24%, less than IEMG's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEMG iShares Core MSCI Emerging Markets ETF | 2.29% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
SEMNX Hartford Schroders Emerging Markets Equity Fund Class I | 1.24% | 1.58% | 1.16% | 1.33% | 1.86% | 1.21% | 0.77% | 2.17% | 1.22% | 0.82% | 0.94% | 0.94% |
Frequently Asked Questions
With a correlation of 0.93, SEMNX and IEMG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SEMNX has higher volatility (12.56%) compared to IEMG (10.84%). In terms of maximum drawdown, SEMNX dropped -65.10% vs IEMG's -38.71%.
SEMNX currently has the higher Sharpe Ratio (2.25 vs 1.50), 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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