PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
USEMX vs. EMPTX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

USEMX vs. EMPTX

Last updated Apr 2, 2026

Compare and contrast key facts about USAA Emerging Markets Fund (USEMX) and UBS Emerging Markets Equity Opportunity Fund (EMPTX).

USEMX is managed by Victory. It was launched on Nov 6, 1994. EMPTX is managed by UBS. It was launched on May 30, 2018.

Performance

USEMX vs. EMPTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Emerging Markets Fund (USEMX) and UBS Emerging Markets Equity Opportunity Fund (EMPTX). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

USEMX vs. EMPTX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
USEMX
USAA Emerging Markets Fund		4.33%36.50%5.13%16.07%-20.24%-1.22%16.74%22.91%-15.97%
EMPTX
UBS Emerging Markets Equity Opportunity Fund		2.95%43.82%2.51%8.92%-25.38%-9.36%24.79%14.98%0.55%

Returns By Period

In the year-to-date period, USEMX achieves a 4.33% return, which is significantly higher than EMPTX's 2.95% return.

USEMX

1D
2.66%
1M
-8.78%
YTD
4.33%
6M
10.44%
1Y
36.50%
3Y*
17.81%
5Y*
5.32%
10Y*
8.46%

EMPTX

1D
3.14%
1M
-9.75%
YTD
2.95%
6M
8.93%
1Y
38.76%
3Y*
17.16%
5Y*
1.70%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

USAA Emerging Markets Fund

UBS Emerging Markets Equity Opportunity Fund

Often compared with USEMX:
USEMX vs. MSTYUSEMX vs. QQQUSEMX vs. DRESXUSEMX vs. EITEXUSEMX vs. GQGPXUSEMX vs. HLFMXUSEMX vs. FCEEX
Often compared with EMPTX:
EMPTX vs. PASIXEMPTX vs. PCSIXEMPTX vs. DRESXEMPTX vs. FSSGXEMPTX vs. WBELXEMPTX vs. GBFAXEMPTX vs. GQGPX

USEMX vs. EMPTX - Expense Ratio Comparison

USEMX has a 1.47% expense ratio, which is higher than EMPTX's 0.19% expense ratio.

USEMX
USAA Emerging Markets Fund
EMPTX
UBS Emerging Markets Equity Opportunity Fund

Return for Risk

USEMX vs. EMPTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USEMX
USEMX Risk / Return Rank: 9090
Overall Rank
USEMX Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
USEMX Sortino Ratio Rank: 8989
Sortino Ratio Rank
USEMX Omega Ratio Rank: 8888
Omega Ratio Rank
USEMX Calmar Ratio Rank: 9191
Calmar Ratio Rank
USEMX Martin Ratio Rank: 9191
Martin Ratio Rank
EMPTX
EMPTX Risk / Return Rank: 9090
Overall Rank
EMPTX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
EMPTX Sortino Ratio Rank: 9292
Sortino Ratio Rank
EMPTX Omega Ratio Rank: 9191
Omega Ratio Rank
EMPTX Calmar Ratio Rank: 8888
Calmar Ratio Rank
EMPTX Martin Ratio Rank: 8686
Martin Ratio Rank
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.

USEMX vs. EMPTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Emerging Markets Fund (USEMX) and UBS Emerging Markets Equity Opportunity Fund (EMPTX). 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.

USEMXEMPTXDifference

Sharpe ratio

Return per unit of total volatility

2.05

2.26

-0.21

Sortino ratio

Return per unit of downside risk

2.63

2.84

-0.21

Omega ratio

Gain probability vs. loss probability

1.40

1.43

-0.04

Calmar ratio

Return relative to maximum drawdown

2.84

2.42

+0.43

Martin ratio

Return relative to average drawdown

11.29

9.35

+1.93

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USEMX vs. EMPTX - Sharpe Ratio Comparison

The current USEMX Sharpe Ratio is 2.05, which is comparable to the EMPTX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of USEMX and EMPTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

USEMXEMPTXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.05

2.26

-0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.33

0.09

+0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.33

-0.07

Correlation

The correlation between USEMX and EMPTX is 0.79, 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. EMPTX - Dividend Comparison

USEMX's dividend yield for the trailing twelve months is around 8.37%, more than EMPTX's 1.86% yield.

TTM20252024202320222021202020192018201720162015
USEMX
USAA Emerging Markets Fund		8.37%8.73%3.20%1.83%1.73%0.70%1.04%0.32%1.29%0.33%0.91%0.82%
EMPTX
UBS Emerging Markets Equity Opportunity Fund		1.86%1.91%3.40%3.20%3.84%11.93%1.50%2.75%0.54%0.00%0.00%0.00%

Drawdowns

USEMX vs. EMPTX - Drawdown Comparison

The maximum USEMX drawdown since its inception was -64.84%, which is greater than EMPTX's maximum drawdown of -46.03%. Use the drawdown chart below to compare losses from any high point for USEMX and EMPTX.

Loading graphics...

Drawdown Indicators

USEMXEMPTXDifference

Max Drawdown

Largest peak-to-trough decline

-64.84%

-46.03%

-18.81%

Max Drawdown (1Y)

Largest decline over 1 year

-12.93%

-14.50%

+1.57%

Max Drawdown (5Y)

Largest decline over 5 years

-35.49%

-41.73%

+6.24%

Max Drawdown (10Y)

Largest decline over 10 years

-40.29%

—

—

Current Drawdown

Current decline from peak

-10.62%

-11.81%

+1.19%

Average Drawdown

Average peak-to-trough decline

-19.39%

-18.72%

-0.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.26%

3.94%

-0.68%

Volatility

USEMX vs. EMPTX - Volatility Comparison

The current volatility for USAA Emerging Markets Fund (USEMX) is 9.03%, while UBS Emerging Markets Equity Opportunity Fund (EMPTX) has a volatility of 9.66%. This indicates that USEMX experiences smaller price fluctuations and is considered to be less risky than EMPTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

USEMXEMPTXDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.03%

9.66%

-0.63%

Volatility (6M)

Calculated over the trailing 6-month period

13.82%

13.96%

-0.14%

Volatility (1Y)

Calculated over the trailing 1-year period

18.31%

18.98%

-0.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.42%

18.90%

-2.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.55%

19.24%

-1.69%