PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

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 the lowest correlation with ESCIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ESCIX.

Best Diversifiers for ESCIX

3 mutual funds have low correlation with ESCIX (below 0.3), 0 of which are negatively correlated. The least correlated is Ashmore Emerging Markets Corporate Income Fund (EMCIX) (Emerging Markets Bonds) with a 1Y correlation of 0.07, down from 0.27 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
EMCIX
Ashmore Emerging Markets Corporate Income Fund0.080.190.27
62
Emerging Markets BondsESCIX vs EMCIX
IGIEX
Ashmore Emerging Markets Investment Grade Income F...0.190.270.30
95
Emerging Markets BondsESCIX vs IGIEX
EMKIX
Ashmore Emerging Markets Total Return Fund0.240.360.44
66
Emerging Markets BondsESCIX vs EMKIX
SAEMX
SA Emerging Markets Value Fund0.320.480.55
93
Emerging Markets DiversifiedESCIX vs SAEMX
EMPTX
UBS Emerging Markets Equity Opportunity Fund0.380.550.62
94
Emerging Markets DiversifiedESCIX vs EMPTX
See all 154 diversifiers for ESCIX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements ESCIX

Add ESCIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with ESCIX