ABEMX vs. AIFRX

Last updated Jun 24, 2026

ABEMX (abrdn Emerging Markets Fund) and AIFRX (abrdn Global Infrastructure Fund) are both mutual funds - ABEMX is a Emerging Markets Diversified fund managed by Aberdeen, while AIFRX is a Energy Equities fund managed by Aberdeen. Over the past 10 years, ABEMX returned 10.73%/yr vs 10.65%/yr for AIFRX. A 0.72 correlation means they provide meaningful diversification when combined. ABEMX charges 1.10%/yr vs 0.99%/yr for AIFRX.

Performance

ABEMX vs. AIFRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Emerging Markets Fund (ABEMX) and abrdn Global Infrastructure Fund (AIFRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABEMX achieves a 34.30% return, which is significantly higher than AIFRX's 12.07% return. Both investments have delivered pretty close results over the past 10 years, with ABEMX having a 10.73% annualized return and AIFRX not far behind at 10.65%.

ABEMX

• 1D: 0.76%
• 1M: 7.97%
• YTD: 34.30%
• 6M: 35.10%
• 1Y: 64.70%
• 3Y*: 23.53%
• 5Y*: 8.32%
• 10Y*: 10.73%

AIFRX

• 1D: 0.04%
• 1M: -1.00%
• YTD: 12.07%
• 6M: 12.24%
• 1Y: 21.14%
• 3Y*: 15.99%
• 5Y*: 9.69%
• 10Y*: 10.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABEMX vs. AIFRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ABEMX abrdn Emerging Markets Fund	34.30%	32.43%	3.98%	6.67%	-26.23%	7.15%	27.65%	20.42%	-14.65%	30.25%
AIFRX abrdn Global Infrastructure Fund	12.07%	26.92%	2.88%	13.10%	-7.95%	15.61%	1.87%	28.41%	-9.31%	25.24%

Correlation

The correlation between ABEMX and AIFRX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009	0.72

Over the past year, the correlation between ABEMX and AIFRX has dropped to 0.39 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

Return for Risk

ABEMX vs. AIFRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABEMX

ABEMX Risk / Return Rank: 90
ABEMX Sharpe Ratio Rank: 95
ABEMX Sortino Ratio Rank: 84
ABEMX Omega Ratio Rank: 87
ABEMX Calmar Ratio Rank: 93
ABEMX Martin Ratio Rank: 93

AIFRX

AIFRX Risk / Return Rank: 66
AIFRX Sharpe Ratio Rank: 64
AIFRX Sortino Ratio Rank: 61
AIFRX Omega Ratio Rank: 57
AIFRX Calmar Ratio Rank: 80
AIFRX Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABEMX vs. AIFRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Emerging Markets Fund (ABEMX) and abrdn Global Infrastructure Fund (AIFRX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ABEMX	AIFRX	Difference
Sharpe ratio: Return per unit of total volatility	3.04	2.17	+0.87
Sortino ratio: Return per unit of downside risk	3.67	3.00	+0.67
Omega ratio: Gain probability vs. loss probability	1.57	1.38	+0.19
Calmar ratio: Return relative to maximum drawdown	4.77	3.44	+1.33
Martin ratio: Return relative to average drawdown	17.87	12.19	+5.68

ABEMX vs. AIFRX - Sharpe Ratio Comparison

The current ABEMX Sharpe Ratio is 3.04, which is higher than the AIFRX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of ABEMX and AIFRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ABEMX vs. AIFRX - Drawdown Comparison

The maximum ABEMX drawdown since its inception was -54.52%, which is greater than AIFRX's maximum drawdown of -38.38%. Use the drawdown chart below to compare losses from any high point for ABEMX and AIFRX.

Drawdown Indicators

	ABEMX	AIFRX	Difference
Max Drawdown Largest peak-to-trough decline	-54.52%	-38.38%	-16.14%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-6.42%	-7.26%
Max Drawdown (3Y) Largest decline over 3 years	-18.62%	-15.76%	-2.86%
Max Drawdown (5Y) Largest decline over 5 years	-36.56%	-22.75%	-13.81%
Max Drawdown (10Y) Largest decline over 10 years	-38.44%	-38.38%	-0.06%
Current Drawdown Current decline from peak	0.00%	-2.87%	+2.87%
Average Drawdown Average peak-to-trough decline	-13.07%	-5.45%	-7.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.65%	1.81%	+1.84%

Volatility

ABEMX vs. AIFRX - Volatility Comparison

abrdn Emerging Markets Fund (ABEMX) has a higher volatility of 11.58% compared to abrdn Global Infrastructure Fund (AIFRX) at 2.88%. This indicates that ABEMX's price experiences larger fluctuations and is considered to be riskier than AIFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABEMX	AIFRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.58%	2.88%	+8.70%
Volatility (6M) Calculated over the trailing 6-month period	19.37%	8.37%	+11.00%
Volatility (1Y) Calculated over the trailing 1-year period	21.52%	10.20%	+11.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.22%	14.03%	+5.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.93%	15.85%	+3.08%

ABEMX vs. AIFRX - Expense Ratio Comparison

ABEMX has a 1.10% expense ratio, which is higher than AIFRX's 0.99% expense ratio.

Dividends

ABEMX vs. AIFRX - Dividend Comparison

ABEMX's dividend yield for the trailing twelve months is around 4.55%, less than AIFRX's 7.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABEMX abrdn Emerging Markets Fund	4.55%	6.11%	0.99%	1.42%	1.82%	22.95%	0.68%	1.85%	1.57%	1.32%	1.23%	2.47%
AIFRX abrdn Global Infrastructure Fund	7.05%	7.80%	8.13%	3.46%	4.86%	5.31%	3.45%	4.01%	3.96%	3.80%	4.37%	4.55%

Frequently Asked Questions

Can I hold both ABEMX and AIFRX in my portfolio?

ABEMX and AIFRX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ABEMX or AIFRX?

ABEMX has higher volatility (11.58%) compared to AIFRX (2.88%). In terms of maximum drawdown, ABEMX dropped -54.52% vs AIFRX's -38.38%.

Which has better risk-adjusted returns?

ABEMX currently has the higher Sharpe Ratio (3.04 vs 2.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.