Ashmore Emerging Markets Small Cap Equity Fund (ESCIX)

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Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) is up 8.9% since the beginning of the year. ESCIX is currently trading at $24 per share. Investors who bought $1,000 worth of ESCIX shares 5 years ago would now be looking at an investment worth $1,269.

Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) has returned 8.91% so far this year and 27.05% over the past 12 months. Over the last ten years, ESCIX has returned 9.82% per year, falling short of the S&P 500 Index benchmark, which averaged 13.65% annually.

Based on dividend-adjusted daily data since Oct 5, 2011, ESCIX's average daily return is +0.03%, while the average monthly return is +0.68%. At this rate, an investment would double in approximately 8.5 years.

Historically, 61% of months were positive and 39% were negative. The best month was Oct 2011 with a return of +16.3%, while the worst month was Mar 2020 at -23.1%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 4 months.

On a daily basis, ESCIX closed higher 50% of trading days. The best single day was Apr 6, 2020 with a return of +5.3%, while the worst single day was Mar 16, 2020 at -13.2%.

Ashmore Emerging Markets Small Cap Equity Fund has an annualized alpha of -1.88%, beta of 0.68, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since October 06, 2011.

• This fund participated in 104.49% of S&P 500 Index downside but only 74.44% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.68 may look defensive, but with R2 of 0.45 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 0.45 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

ESCIX has a high expense ratio of 1.52%, indicating above-average management fees.

ESCIX ranks 86 for risk / return — in the top 86% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) and compare them to S&P 500 Index.

Ashmore Emerging Markets Small Cap Equity Fund provided a 0.42% dividend yield over the last twelve months, with an annual payout of $0.10 per share.

The table displays the monthly dividend distributions for Ashmore Emerging Markets Small Cap Equity 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 Small Cap Equity 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 Small Cap Equity Fund was 48.76%, occurring on Mar 19, 2020. Recovery took 161 trading sessions.

The current Ashmore Emerging Markets Small Cap Equity Fund drawdown is 0.74%.

The chart below shows the rolling one-month volatility.