EFEIX vs. ELBIX

Last updated Aug 1, 2026

EFEIX (Ashmore Emerging Markets Frontier Equity Fund) and ELBIX (Ashmore Emerging Markets Local Currency Bond Fund) are both mutual funds - EFEIX is a Emerging Markets Equities fund managed by Ashmore, while ELBIX is a Emerging Markets Bonds fund managed by Ashmore. Their 0.41 correlation means their historical movements had little consistent relationship. EFEIX charges 1.52%/yr vs 0.97%/yr for ELBIX.

Performance

EFEIX vs. ELBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ashmore Emerging Markets Frontier Equity Fund (EFEIX) and Ashmore Emerging Markets Local Currency Bond Fund (ELBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EFEIX

• 1D: 2.27%
• 1M: 0.72%
• 6M: -0.82%
• YTD: 4.39%
• 1Y: 11.43%
• 3Y*: 15.27%
• 5Y*: 9.09%
• 10Y*: 7.09%
• ALL TIME*: 4.63%

ELBIX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EFEIX Ashmore Emerging Markets Frontier Equity Fund	$0.00	$0.00	$0.00

EFEIX vs. ELBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EFEIX Ashmore Emerging Markets Frontier Equity Fund	4.39%	20.69%	24.12%	10.60%	-15.91%	24.18%	-4.12%	14.07%	-18.04%	19.28%
ELBIX Ashmore Emerging Markets Local Currency Bond Fund	0.24%	19.17%	-4.30%	14.03%	-10.00%	-9.55%	2.65%	12.11%	-7.02%	13.54%

Correlation

The correlation between EFEIX and ELBIX is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (3Y) Balances recent behavior with more history.	0.41
Correlation (5Y) Shows whether the relationship held over a longer period.	0.43
Correlation (10Y) Provides a long-term view across more market conditions.	0.41
Correlation (All Time) Calculated using the full available price history since Nov 5, 2013	0.41

Return for Risk

EFEIX vs. ELBIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EFEIX

EFEIX Risk / Return Rank: 23
EFEIX Sharpe Ratio Rank: 24
EFEIX Sortino Ratio Rank: 26
EFEIX Omega Ratio Rank: 27
EFEIX Calmar Ratio Rank: 19
EFEIX Martin Ratio Rank: 18

ELBIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EFEIX vs. ELBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ashmore Emerging Markets Frontier Equity Fund (EFEIX) and Ashmore Emerging Markets Local Currency Bond Fund (ELBIX). 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.

	EFEIX	ELBIX	Difference
Sharpe ratio: Return per unit of total volatility	0.85	—	—
Sortino ratio: Return per unit of downside risk	1.33	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	0.91	—	—
Martin ratio: Return relative to average drawdown	2.47	—	—

Drawdowns

Drawdown Indicators

	EFEIX	ELBIX	Difference
Max Drawdown Largest peak-to-trough decline	-40.50%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.62%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.50%	—	—
Current Drawdown Current decline from peak	-3.07%	—	—
Average Drawdown Average peak-to-trough decline	-12.18%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.25%	—	—

Volatility

Volatility by Period

	EFEIX	ELBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.35%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.11%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.03%	—	—

EFEIX vs. ELBIX - Expense Ratio Comparison

EFEIX has a 1.52% expense ratio, which is higher than ELBIX's 0.97% expense ratio.

Dividends

EFEIX vs. ELBIX - Dividend Comparison

EFEIX's dividend yield for the trailing twelve months is around 10.51%, more than ELBIX's 6.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EFEIX Ashmore Emerging Markets Frontier Equity Fund	10.51%	11.69%	2.15%	2.26%	0.17%	1.61%	0.96%	1.63%	1.44%	0.88%	0.38%
ELBIX Ashmore Emerging Markets Local Currency Bond Fund	6.68%	8.01%	4.10%	4.23%	1.39%	0.00%	1.20%	0.65%	2.54%	1.96%	0.00%

Frequently Asked Questions

Can I hold both EFEIX and ELBIX in my portfolio?

EFEIX and ELBIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.