USEMX vs. DEMIX
Compare and contrast key facts about USAA Emerging Markets Fund (USEMX) and Delaware Emerging Markets Fund (DEMIX).
USEMX is managed by Victory. It was launched on Nov 6, 1994. DEMIX is managed by Delaware Funds. It was launched on Jun 9, 1996.
Performance
USEMX vs. DEMIX - Performance Comparison
Loading graphics...
USEMX vs. DEMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USEMX USAA Emerging Markets Fund | 1.63% | 36.50% | 5.13% | 16.07% | -20.24% | -1.22% | 16.74% | 22.91% | -20.05% | 33.55% |
DEMIX Delaware Emerging Markets Fund | 13.36% | 86.79% | 6.52% | 17.59% | -28.66% | -2.08% | 26.09% | 24.33% | -17.10% | 41.98% |
Returns By Period
In the year-to-date period, USEMX achieves a 1.63% return, which is significantly lower than DEMIX's 13.36% return. Over the past 10 years, USEMX has underperformed DEMIX with an annualized return of 8.17%, while DEMIX has yielded a comparatively higher 14.40% annualized return.
USEMX
- 1D
- -1.12%
- 1M
- -12.06%
- YTD
- 1.63%
- 6M
- 8.41%
- 1Y
- 33.80%
- 3Y*
- 16.78%
- 5Y*
- 5.06%
- 10Y*
- 8.17%
DEMIX
- 1D
- 0.99%
- 1M
- -18.24%
- YTD
- 13.36%
- 6M
- 43.46%
- 1Y
- 104.80%
- 3Y*
- 35.24%
- 5Y*
- 12.50%
- 10Y*
- 14.40%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
USEMX vs. DEMIX - Expense Ratio Comparison
USEMX has a 1.47% expense ratio, which is higher than DEMIX's 1.26% expense ratio.
Return for Risk
USEMX vs. DEMIX — Risk / Return Rank
USEMX
DEMIX
USEMX vs. DEMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Emerging Markets Fund (USEMX) and Delaware Emerging Markets Fund (DEMIX). 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.
| USEMX | DEMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.84 | 3.11 | -1.27 |
Sortino ratioReturn per unit of downside risk | 2.39 | 3.29 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.51 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.38 | 4.81 | -2.43 |
Martin ratioReturn relative to average drawdown | 9.64 | 18.57 | -8.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| USEMX | DEMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 3.11 | -1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.54 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.66 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.44 | -0.18 |
Correlation
The correlation between USEMX and DEMIX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
USEMX vs. DEMIX - Dividend Comparison
USEMX's dividend yield for the trailing twelve months is around 8.59%, less than DEMIX's 16.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USEMX USAA Emerging Markets Fund | 8.59% | 8.73% | 3.20% | 1.83% | 1.73% | 0.70% | 1.04% | 0.32% | 1.29% | 0.33% | 0.91% | 0.82% |
DEMIX Delaware Emerging Markets Fund | 16.74% | 18.97% | 1.99% | 2.95% | 1.89% | 3.42% | 0.87% | 0.80% | 0.65% | 1.80% | 0.94% | 0.30% |
Drawdowns
USEMX vs. DEMIX - Drawdown Comparison
The maximum USEMX drawdown since its inception was -64.84%, roughly equal to the maximum DEMIX drawdown of -63.15%. Use the drawdown chart below to compare losses from any high point for USEMX and DEMIX.
Loading graphics...
Drawdown Indicators
| USEMX | DEMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.84% | -63.15% | -1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -12.93% | -20.32% | +7.39% |
Max Drawdown (5Y)Largest decline over 5 years | -35.49% | -43.95% | +8.46% |
Max Drawdown (10Y)Largest decline over 10 years | -40.29% | -46.29% | +6.00% |
Current DrawdownCurrent decline from peak | -12.93% | -19.53% | +6.60% |
Average DrawdownAverage peak-to-trough decline | -19.39% | -18.54% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 5.26% | -2.07% |
Volatility
USEMX vs. DEMIX - Volatility Comparison
The current volatility for USAA Emerging Markets Fund (USEMX) is 8.45%, while Delaware Emerging Markets Fund (DEMIX) has a volatility of 19.15%. This indicates that USEMX experiences smaller price fluctuations and is considered to be less risky than DEMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| USEMX | DEMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.45% | 19.15% | -10.70% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 28.50% | -14.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.17% | 33.36% | -15.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 23.11% | -6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.53% | 21.94% | -4.41% |