ASHM.L vs. EMG.L

Last updated Apr 3, 2026

Compare and contrast key facts about Ashmore Group plc (ASHM.L) and Man Group plc (EMG.L).

Performance

ASHM.L vs. EMG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Ashmore Group plc (ASHM.L) and Man Group plc (EMG.L). The values are adjusted to include any dividend payments, if applicable.

ASHM.L vs. EMG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASHM.L Ashmore Group plc	24.61%	21.77%	-21.81%	2.03%	-11.07%	-29.28%	-13.14%	46.98%	-5.47%	49.79%
EMG.L Man Group plc	12.06%	15.64%	-2.97%	15.39%	-1.55%	72.22%	-7.02%	25.52%	-32.33%	83.45%

Fundamentals

Market Cap ASHM.L : £1.47B EMG.L : £2.90B
EPS ASHM.L : £0.27 EMG.L : £0.41
PE Ratio ASHM.L : 7.95 EMG.L : 6.22
PS Ratio ASHM.L : 4.67 EMG.L : 1.03
PB Ratio ASHM.L : 1.91 EMG.L : 1.84
Total Revenue (TTM) ASHM.L : £316.50M EMG.L : £2.87B
Gross Profit (TTM) ASHM.L : £197.30M EMG.L : £1.83B
EBITDA (TTM) ASHM.L : £164.30M EMG.L : £808.12M

Returns By Period

In the year-to-date period, ASHM.L achieves a 24.61% return, which is significantly higher than EMG.L's 12.06% return. Over the past 10 years, ASHM.L has underperformed EMG.L with an annualized return of 3.67%, while EMG.L has yielded a comparatively higher 11.29% annualized return.

ASHM.L

• 1D: -3.66%
• 1M: -2.53%
• YTD: 24.61%
• 6M: 30.47%
• 1Y: 61.59%
• 3Y*: 6.20%
• 5Y*: -3.97%
• 10Y*: 3.67%

EMG.L

• 1D: -2.06%
• 1M: -2.21%
• YTD: 12.06%
• 6M: 40.34%
• 1Y: 42.04%
• 3Y*: 12.10%
• 5Y*: 16.03%
• 10Y*: 11.29%

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

Return for Risk

ASHM.L vs. EMG.L — Risk / Return Rank

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

ASHM.L

ASHM.L Risk / Return Rank: 84
ASHM.L Sharpe Ratio Rank: 84
ASHM.L Sortino Ratio Rank: 86
ASHM.L Omega Ratio Rank: 82
ASHM.L Calmar Ratio Rank: 81
ASHM.L Martin Ratio Rank: 84

EMG.L

EMG.L Risk / Return Rank: 82
EMG.L Sharpe Ratio Rank: 82
EMG.L Sortino Ratio Rank: 78
EMG.L Omega Ratio Rank: 75
EMG.L Calmar Ratio Rank: 87
EMG.L Martin Ratio Rank: 86

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.

ASHM.L vs. EMG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ashmore Group plc (ASHM.L) and Man Group plc (EMG.L). 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.

	ASHM.L	EMG.L	Difference
Sharpe ratio Return per unit of total volatility	1.58	1.44	+0.13
Sortino ratio Return per unit of downside risk	2.59	2.06	+0.53
Omega ratio Gain probability vs. loss probability	1.32	1.26	+0.06
Calmar ratio Return relative to maximum drawdown	2.69	3.65	-0.96
Martin ratio Return relative to average drawdown	8.46	9.22	-0.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASHM.L vs. EMG.L - Sharpe Ratio Comparison

The current ASHM.L Sharpe Ratio is 1.58, which is comparable to the EMG.L Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of ASHM.L and EMG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ASHM.L	EMG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	1.44	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	0.55	-0.67
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	0.38	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.36	-0.19

Correlation

The correlation between ASHM.L and EMG.L is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ASHM.L vs. EMG.L - Dividend Comparison

ASHM.L's dividend yield for the trailing twelve months is around 7.84%, more than EMG.L's 5.04% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASHM.L Ashmore Group plc	7.84%	9.58%	10.57%	7.59%	7.06%	5.81%	3.92%	3.21%	4.55%	4.11%	5.89%	6.49%
EMG.L Man Group plc	5.04%	5.65%	5.97%	5.37%	5.35%	3.59%	5.65%	5.02%	6.81%	3.58%	5.77%	4.23%

Drawdowns

ASHM.L vs. EMG.L - Drawdown Comparison

The maximum ASHM.L drawdown since its inception was -68.02%, smaller than the maximum EMG.L drawdown of -85.43%. Use the drawdown chart below to compare losses from any high point for ASHM.L and EMG.L.

Drawdown Indicators

	ASHM.L	EMG.L	Difference
Max Drawdown Largest peak-to-trough decline	-68.02%	-85.43%	+17.41%
Max Drawdown (1Y) Largest decline over 1 year	-24.26%	-13.44%	-10.82%
Max Drawdown (5Y) Largest decline over 5 years	-58.67%	-37.90%	-20.77%
Max Drawdown (10Y) Largest decline over 10 years	-68.02%	-50.75%	-17.27%
Current Drawdown Current decline from peak	-39.91%	-8.03%	-31.88%
Average Drawdown Average peak-to-trough decline	-25.10%	-29.06%	+3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.71%	5.32%	+2.39%

Volatility

ASHM.L vs. EMG.L - Volatility Comparison

Ashmore Group plc (ASHM.L) has a higher volatility of 13.69% compared to Man Group plc (EMG.L) at 9.93%. This indicates that ASHM.L's price experiences larger fluctuations and is considered to be riskier than EMG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASHM.L	EMG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.69%	9.93%	+3.76%
Volatility (6M) Calculated over the trailing 6-month period	31.54%	20.30%	+11.24%
Volatility (1Y) Calculated over the trailing 1-year period	38.94%	28.99%	+9.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.01%	29.09%	+4.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.39%	29.71%	+2.68%

Financials

ASHM.L vs. EMG.L - Profitability Comparison

The chart below illustrates the profitability comparison between Ashmore Group plc and Man Group plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ASHM.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Ashmore Group plc reported a gross profit of 77.90M and revenue of 79.60M. Therefore, the gross margin over that period was 97.9%.

EMG.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Man Group plc reported a gross profit of 680.25M and revenue of 831.97M. Therefore, the gross margin over that period was 81.8%.

ASHM.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Ashmore Group plc reported an operating income of 65.40M and revenue of 79.60M, resulting in an operating margin of 82.2%.

EMG.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Man Group plc reported an operating income of 240.15M and revenue of 831.97M, resulting in an operating margin of 28.9%.

ASHM.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Ashmore Group plc reported a net income of 69.40M and revenue of 79.60M, resulting in a net margin of 87.2%.

EMG.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Man Group plc reported a net income of 124.60M and revenue of 831.97M, resulting in a net margin of 15.0%.