- ISIN
- US0448202079
- CUSIP
- 044820207
- Issuer
- Ashmore
- Inception Date
- Dec 7, 2010
- Category
- Emerging Markets Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
ELBIX Performance Chart
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Returns By Period
Ashmore Emerging Markets Local Currency Bond Fund
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
ELBIX Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.13% | 1.53% | -6.16% | 3.01% | 0.57% | -0.57% | 0.24% | ||||||
| 2025 | 2.27% | 0.31% | 1.56% | 3.06% | 1.49% | 3.37% | -1.56% | 2.59% | 1.40% | 0.44% | 1.28% | 1.56% | 19.17% |
| 2024 | -1.86% | -0.58% | -0.29% | -2.78% | 2.16% | -1.66% | 2.52% | 3.17% | 3.37% | -5.15% | -0.91% | -1.98% | -4.30% |
| 2023 | 4.22% | -3.75% | 4.83% | 1.04% | -1.18% | 3.72% | 2.73% | -2.93% | -4.03% | -0.63% | 5.90% | 3.97% | 14.03% |
| 2022 | -0.02% | -2.95% | -2.61% | -5.51% | 1.73% | -4.64% | -0.16% | -0.16% | -4.40% | 0.51% | 6.61% | 1.75% | -10.00% |
| 2021 | -2.89% | -2.72% | -3.46% | 2.62% | 2.68% | -0.78% | -1.05% | 1.07% | -3.43% | -1.23% | -2.49% | 1.98% | -9.55% |
Benchmark Metrics
Ashmore Emerging Markets Local Currency Bond Fund has an annualized alpha of -3.32%, beta of 0.23, and R2 of 0.19 versus S&P 500 Index. Calculated based on daily prices since October 28, 2011.
- This fund participated in 68.19% of S&P 500 Index downside but only 27.55% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.23 may look defensive, but with R2 of 0.19 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 0.19 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.
- Alpha
- -3.32%
- Beta
- 0.23
- R²
- 0.19
- Upside Capture
- 27.55%
- Downside Capture
- 68.19%
Expense Ratio
ELBIX has a high expense ratio of 0.97%, indicating above-average management fees.
Return for Risk
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Ashmore Emerging Markets Local Currency Bond Fund (ELBIX) and compare them to S&P 500 Index.
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.
| ELBIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.00 | — |
| Martin ratioReturn relative to average drawdown | — | 8.49 | — |
Dividends
Dividend History
Ashmore Emerging Markets Local Currency Bond Fund provided a 6.68% dividend yield over the last twelve months, with an annual payout of $0.47 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.47 | $0.56 | $0.26 | $0.30 | $0.09 | $0.00 | $0.10 | $0.05 | $0.18 | $0.15 |
Dividend yield | 6.68% | 8.01% | 4.10% | 4.23% | 1.39% | 0.00% | 1.20% | 0.65% | 2.54% | 1.96% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | ||||||
| 2025 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.00 | $0.19 | $0.56 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.26 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.11 | $0.30 |
| 2022 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-42.77%Oct 2022 | 9y 5mo | — | 13y 2moMay 2013 - now | Bear market2022 |
-10.68%Jun 2012 | 3mo 3d | 3mo 15d | 6mo 18dFeb 2012 - Sep 2012 | — |
-8.44%Nov 2011 | 25d | 2mo 3d | 2mo 28dOct 2011 - Jan 2012 | — |
-2.71%Apr 2013 | 1mo 28d | 6d | 2mo 4dFeb 2013 - Apr 2013 | — |
-2.23%Nov 2012 | 27d | 15d | 1mo 12dOct 2012 - Nov 2012 | — |
Drawdown Indicators
| ELBIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -1.58% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.70% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.14% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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