EFEIX vs. EMQIX

Last updated Aug 1, 2026

EFEIX (Ashmore Emerging Markets Frontier Equity Fund) and EMQIX (Ashmore Emerging Markets Active Equity Fund) are both Emerging Markets Equities funds from Ashmore. Their 0.53 correlation means they have sometimes moved together and sometimes differently. EFEIX charges 1.52%/yr vs 1.02%/yr for EMQIX.

Performance

EFEIX vs. EMQIX - 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 Active Equity Fund (EMQIX). 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%

EMQIX

• 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. EMQIX - 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%
EMQIX Ashmore Emerging Markets Active Equity Fund	13.16%	32.62%	10.11%	5.11%	-24.36%	-3.93%	15.57%	24.50%	-13.19%	38.29%

Correlation

The correlation between EFEIX and EMQIX is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (3Y) Balances recent behavior with more history.	0.49
Correlation (5Y) Shows whether the relationship held over a longer period.	0.52
Correlation (All Time) Calculated using the full available price history since Nov 1, 2016	0.53

The correlation between EFEIX and EMQIX has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.

Return for Risk

EFEIX vs. EMQIX — 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

EMQIX

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. EMQIX - 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 Active Equity Fund (EMQIX). 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	EMQIX	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	EMQIX	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	EMQIX	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. EMQIX - Expense Ratio Comparison

EFEIX has a 1.52% expense ratio, which is higher than EMQIX's 1.02% expense ratio.

Dividends

EFEIX vs. EMQIX - Dividend Comparison

EFEIX's dividend yield for the trailing twelve months is around 10.51%, more than EMQIX's 4.24% 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%
EMQIX Ashmore Emerging Markets Active Equity Fund	4.24%	5.27%	2.49%	1.73%	0.69%	35.77%	0.73%	1.31%	11.37%	9.50%	0.08%

Frequently Asked Questions

Can I hold both EFEIX and EMQIX in my portfolio?

EFEIX and EMQIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.