ABEMX vs. GSXIX

Last updated Jun 24, 2026

ABEMX (abrdn Emerging Markets Fund) and GSXIX (abrdn U.S. Small Cap Equity Fund) are both mutual funds - ABEMX is a Emerging Markets Diversified fund managed by Aberdeen, while GSXIX is a Small Cap Growth Equities fund managed by Aberdeen. Over the past 10 years, ABEMX returned 10.73%/yr vs 14.79%/yr for GSXIX. A 0.58 correlation means they provide meaningful diversification when combined. ABEMX charges 1.10%/yr vs 1.11%/yr for GSXIX.

Performance

ABEMX vs. GSXIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Emerging Markets Fund (ABEMX) and abrdn U.S. Small Cap Equity Fund (GSXIX). 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 GSXIX's 24.53% return. Over the past 10 years, ABEMX has underperformed GSXIX with an annualized return of 10.73%, while GSXIX has yielded a comparatively higher 14.79% annualized return.

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%

GSXIX

• 1D: 0.39%
• 1M: 7.83%
• YTD: 24.53%
• 6M: 19.72%
• 1Y: 33.30%
• 3Y*: 18.53%
• 5Y*: 14.02%
• 10Y*: 14.79%

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

ABEMX vs. GSXIX - 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%
GSXIX abrdn U.S. Small Cap Equity Fund	24.53%	8.99%	16.00%	11.28%	-25.87%	70.47%	28.48%	25.11%	-13.29%	11.29%

Correlation

The correlation between ABEMX and GSXIX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.58

The correlation between ABEMX and GSXIX has been stable across timeframes, ranging from 0.50 to 0.59 - a consistent structural relationship.

Return for Risk

ABEMX vs. GSXIX — 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

GSXIX

GSXIX Risk / Return Rank: 58
GSXIX Sharpe Ratio Rank: 50
GSXIX Sortino Ratio Rank: 49
GSXIX Omega Ratio Rank: 41
GSXIX Calmar Ratio Rank: 80
GSXIX Martin Ratio Rank: 69

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. GSXIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Emerging Markets Fund (ABEMX) and abrdn U.S. Small Cap Equity Fund (GSXIX). 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	GSXIX	Difference
Sharpe ratio: Return per unit of total volatility	3.04	1.92	+1.12
Sortino ratio: Return per unit of downside risk	3.67	2.72	+0.94
Omega ratio: Gain probability vs. loss probability	1.57	1.32	+0.25
Calmar ratio: Return relative to maximum drawdown	4.77	3.45	+1.32
Martin ratio: Return relative to average drawdown	17.87	12.56	+5.31

ABEMX vs. GSXIX - Sharpe Ratio Comparison

The current ABEMX Sharpe Ratio is 3.04, which is higher than the GSXIX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of ABEMX and GSXIX, 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. GSXIX - Drawdown Comparison

The maximum ABEMX drawdown since its inception was -54.52%, which is greater than GSXIX's maximum drawdown of -35.39%. Use the drawdown chart below to compare losses from any high point for ABEMX and GSXIX.

Drawdown Indicators

	ABEMX	GSXIX	Difference
Max Drawdown Largest peak-to-trough decline	-54.52%	-35.39%	-19.13%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-10.21%	-3.47%
Max Drawdown (3Y) Largest decline over 3 years	-18.62%	-23.22%	+4.60%
Max Drawdown (5Y) Largest decline over 5 years	-36.56%	-32.39%	-4.17%
Max Drawdown (10Y) Largest decline over 10 years	-38.44%	-35.39%	-3.05%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-13.07%	-7.11%	-5.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.65%	2.80%	+0.85%

Volatility

ABEMX vs. GSXIX - Volatility Comparison

abrdn Emerging Markets Fund (ABEMX) has a higher volatility of 11.58% compared to abrdn U.S. Small Cap Equity Fund (GSXIX) at 4.87%. This indicates that ABEMX's price experiences larger fluctuations and is considered to be riskier than GSXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABEMX	GSXIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.58%	4.87%	+6.71%
Volatility (6M) Calculated over the trailing 6-month period	19.37%	14.08%	+5.29%
Volatility (1Y) Calculated over the trailing 1-year period	21.52%	18.39%	+3.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.22%	25.74%	-6.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.93%	23.73%	-4.80%

ABEMX vs. GSXIX - Expense Ratio Comparison

ABEMX has a 1.10% expense ratio, which is lower than GSXIX's 1.11% expense ratio.

Dividends

ABEMX vs. GSXIX - Dividend Comparison

ABEMX's dividend yield for the trailing twelve months is around 4.55%, while GSXIX has not paid dividends to shareholders.

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%
GSXIX abrdn U.S. Small Cap Equity Fund	0.00%	0.00%	0.00%	0.00%	5.42%	44.27%	6.63%	7.30%	13.20%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ABEMX and GSXIX in my portfolio?

ABEMX and GSXIX have a correlation of 0.50, 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 GSXIX?

ABEMX has higher volatility (11.58%) compared to GSXIX (4.87%). In terms of maximum drawdown, ABEMX dropped -54.52% vs GSXIX's -35.39%.

Which has better risk-adjusted returns?

ABEMX currently has the higher Sharpe Ratio (3.04 vs 1.92), 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.