ELBIX Alternatives & Similar Mutual Funds

Ashmore Emerging Markets Local Currency Bond Fund (ELBIX) belongs to the Emerging Markets Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ELBIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ELBIX

ELBIX charges 0.97% annually. There are 47 mutual funds in the Emerging Markets Bonds category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
PYELX	Payden Emerging Markets Local Bond Fund	0.09%	—	Nov 2011	ELBIX vs PYELX
IMCDX	Voya Emerging Markets Corporate Debt Fund	0.10%	—	Aug 2012	ELBIX vs IMCDX
VEGBX	Vanguard Emerging Markets Bond Fund Admiral Shares	0.40%	—	Dec 2017	ELBIX vs VEGBX
SEDAX	SEI Institutional Investments Trust Emerging Marke...	0.41%	—	Dec 2005	ELBIX vs SEDAX
GMOQX	GMO Emerging Country Debt Fund Class VI	0.51%	—	Apr 1994	ELBIX vs GMOQX

Best Risk-Adjusted Alternatives to ELBIX

ELBIX has a PortfoliosLab risk / return rank of 25. There are 71 mutual funds in the Emerging Markets Bonds category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
AGEPX	American Beacon Frontier Markets Income Fund	98	—	Feb 2014	ELBIX vs AGEPX
AGEYX	American Beacon Developing World Income Fund Class...	98	—	Feb 2014	ELBIX vs AGEYX
GMOQX	GMO Emerging Country Debt Fund Class VI	98	—	Apr 1994	ELBIX vs GMOQX
GMCDX	GMO Emerging Country Debt Fund	98	—	Apr 1994	ELBIX vs GMCDX
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	98	—	Apr 2014	ELBIX vs DBLLX

Top Performing ELBIX Alternatives (YTD)

ELBIX is at 0.95% YTD. There are 67 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 14.37%.

Symbol	Name	YTD Return	AUM	Inception
EDF	Virtus Stone Harbor Emerging Markets Income Fund	14.37%	—	Dec 2010	ELBIX vs EDF
GMOQX	GMO Emerging Country Debt Fund Class VI	8.73%	—	Apr 1994	ELBIX vs GMOQX
GMCDX	GMO Emerging Country Debt Fund	8.34%	—	Apr 1994	ELBIX vs GMCDX
FEMDX	Franklin Emerging Market Debt Opportunities Fund	7.68%	—	May 2006	ELBIX vs FEMDX
AGEPX	American Beacon Frontier Markets Income Fund	6.76%	—	Feb 2014	ELBIX vs AGEPX

Lowest Volatility Alternatives to ELBIX

ELBIX has 6.68% 1-year volatility. There are 63 mutual funds in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 1.15%.

Symbol	Name	Volatility 1Y	AUM	Inception
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	1.15%	—	Apr 2014	ELBIX vs DBLLX
DLENX	DoubleLine Emerging Markets Fixed Income Fund Clas...	1.93%	—	Apr 2010	ELBIX vs DLENX
PYCEX	Payden Emerging Markets Corporate Bond Fund	2.04%	—	Nov 2013	ELBIX vs PYCEX
SHCDX	Virtus Stone Harbor Emerg Mkts Corp Dbt	2.05%	—	May 2011	ELBIX vs SHCDX
DBLEX	DoubleLine Emerging Markets Fixed Income Fund	2.06%	—	Apr 2010	ELBIX vs DBLEX

Lowest Drawdown Alternatives to ELBIX

ELBIX has a 1-year max drawdown of -6.96%. There are 63 mutual funds in the Emerging Markets Bonds category with shallower 1-year drawdowns, going as shallow as -0.92%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	-0.92%	—	Apr 2014	ELBIX vs DBLLX
DBLEX	DoubleLine Emerging Markets Fixed Income Fund	-1.81%	—	Apr 2010	ELBIX vs DBLEX
DLENX	DoubleLine Emerging Markets Fixed Income Fund Clas...	-1.83%	—	Apr 2010	ELBIX vs DLENX
SHCDX	Virtus Stone Harbor Emerg Mkts Corp Dbt	-1.90%	—	May 2011	ELBIX vs SHCDX
PYCEX	Payden Emerging Markets Corporate Bond Fund	-2.37%	—	Nov 2013	ELBIX vs PYCEX

Other Mutual Funds from Ashmore

The 10 most viewed Ashmore mutual funds shown here include EFEIX, EMFIX, ESCIX and span 2 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
EFEIX	Ashmore Emerging Markets Frontier Equity Fund	Emerging Markets Diversified	22	2.96%	—	Nov 2013	ELBIX vs EFEIX
EMFIX	Ashmore Emerging Markets Equity Fund	Emerging Markets Diversified	91	31.16%	—	Jun 2011	ELBIX vs EMFIX
ESCIX	Ashmore Emerging Markets Small Cap Equity Fund	Emerging Markets Diversified	87	8.91%	—	Oct 2011	ELBIX vs ESCIX
EMCIX	Ashmore Emerging Markets Corporate Income Fund	Emerging Markets Bonds	63	3.42%	—	Dec 2010	ELBIX vs EMCIX
ESFIX	Ashmore Emerging Markets Short Duration Fund	Emerging Markets Bonds	11	1.89%	—	Jun 2014	ELBIX vs ESFIX
EMKIX	Ashmore Emerging Markets Total Return Fund	Emerging Markets Bonds	65	2.66%	—	Dec 2010	ELBIX vs EMKIX
ESIGX	Ashmore Emerging Markets Equity ESG Fund	Emerging Markets Diversified	91	27.90%	—	Feb 2020	ELBIX vs ESIGX
ESDIX	Ashmore Emerging Markets Short Duration Select Fun...	Emerging Markets Bonds	—	—	—	Jun 2020	ELBIX vs ESDIX
EMQIX	Ashmore Emerging Markets Active Equity Fund	Emerging Markets Diversified	78	22.40%	—	Oct 2016	ELBIX vs EMQIX
IGIEX	Ashmore Emerging Markets Investment Grade Income F...	Emerging Markets Bonds	95	3.80%	—	Sep 2020	ELBIX vs IGIEX

Often Compared With ELBIX

Investors most often compare ELBIX with EELDX, AMAPX, EDD. These 5 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	97	6.66%	—	Feb 2013	ELBIX vs EELDX
AMAPX	Amana Participation Fund	Emerging Markets Bonds	45	0.26%	—	Sep 2015	ELBIX vs AMAPX
EDD	Morgan Stanley Emerging Markets Domestic Fund	Emerging Markets Bonds	15	3.21%	—	Apr 2007	ELBIX vs EDD
EIDOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	97	6.75%	—	Sep 2015	ELBIX vs EIDOX
DEDIX	Delaware Emerging Markets Debt Corporate Fund	Emerging Markets Bonds	91	1.26%	—	Sep 2013	ELBIX vs DEDIX

Compare ELBIX with Any Fund or Stock

Compare ELBIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair ELBIX with funds that move differently

Ashmore Emerging Markets Local Currency Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ELBIX.

Explore ELBIX Diversifiers

Ashmore Emerging Markets Local Currency Bond Fund (ELBIX) Alternatives