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Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 5, 2026
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The investment seeks long-term capital appreciation. The fund invests at least 80% of its net assets in equity securities and equity-related investments of Small-Capitalization Emerging Market Issuers, which may be denominated in any currency, including the local currency of the issuer. The subadviser currently defines a small-capitalization issuer as any issuer included in the MSCI Emerging Market Small Cap Index at the time of purchase, as well as any issuer with a market capitalization that is in the lowest 15% of the market capitalization range of issuers included in the MSCI Emerging Markets Investible Market Index (IMI) at the time of purchase.

Looking to diversify beyond ESCIX? The mutual funds below have historically moved differently from ESCIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.

Best Diversifiers for ESCIX

6 mutual funds have low correlation with ESCIX (below 0.3), 0 of which are negatively correlated. The least correlated is The Cook & Bynum Fund (COBYX) (Emerging Markets Equities) with a 1Y correlation of 0.06, down from 0.40 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
COBYX
The Cook & Bynum Fund0.060.330.40
62
Emerging Markets EquitiesESCIX vs COBYX
IGIEX
Ashmore Emerging Markets Investment Grade Income F...0.190.260.30
90
Emerging Markets Bonds, Investment Grade BondsESCIX vs IGIEX
EMKIX
Ashmore Emerging Markets Total Return Fund0.230.340.43
59
Emerging Markets BondsESCIX vs EMKIX
SAEMX
SA Emerging Markets Value Fund0.240.440.54
73
Emerging Markets EquitiesESCIX vs SAEMX
FGKPX
Fidelity SAI Emerging Markets Low Volatility Index...0.290.540.62
56
Emerging Markets Equities, Low VolatilityESCIX vs FGKPX
See all 159 diversifiers for ESCIX

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