Ashmore Emerging Markets Local Currency Bond Fund (ELBIX)

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The chart shows the growth of an initial investment of $10,000 in Ashmore Emerging Markets Local Currency Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Ashmore Emerging Markets Local Currency Bond Fund (ELBIX) has returned -3.26% so far this year and 10.65% over the past 12 months. Over the last ten years, ELBIX has returned 2.01% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Oct 28, 2011, ELBIX's average daily return is 0.00%, while the average monthly return is -0.02%.

Historically, 52% of months were positive and 48% were negative. The best month was Mar 2016 with a return of +9.4%, while the worst month was Mar 2020 at -13.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, ELBIX closed higher 45% of trading days. The best single day was Nov 6, 2020 with a return of +3.2%, while the worst single day was Nov 11, 2016 at -4.9%.

Ashmore Emerging Markets Local Currency Bond Fund has an annualized alpha of -3.37%, beta of 0.23, and R² of 0.18 versus S&P 500 Index. Calculated based on daily prices since October 31, 2011.

• This fund participated in 68.31% of S&P 500 Index downside but only 27.94% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.23 may look defensive, but with R² of 0.18 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.18 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

ELBIX has a high expense ratio of 0.97%, indicating above-average management fees.

ELBIX ranks 79 for risk / return — better than 79% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Ashmore Emerging Markets Local Currency Bond Fund (ELBIX) and compare them to a chosen benchmark (S&P 500 Index).

Ashmore Emerging Markets Local Currency Bond Fund provided a 6.02% dividend yield over the last twelve months, with an annual payout of $0.41 per share.

The table displays the monthly dividend distributions for Ashmore Emerging Markets Local Currency Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Ashmore Emerging Markets Local Currency Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Ashmore Emerging Markets Local Currency Bond Fund was 42.77%, occurring on Oct 24, 2022. The portfolio has not yet recovered.

The current Ashmore Emerging Markets Local Currency Bond Fund drawdown is 20.14%.

The chart below shows the rolling one-month volatility.