EITEX vs. ESIGX

Last updated Jun 4, 2026

EITEX (Parametric Tax-Managed Emerging Markets Fund) and ESIGX (Ashmore Emerging Markets Equity ESG Fund) are both Emerging Markets Diversified funds. Over the past 5 years, EITEX returned 7.08%/yr vs 6.77%/yr for ESIGX. Their correlation of 0.84 suggests significant overlap in exposure. EITEX charges 0.96%/yr vs 1.17%/yr for ESIGX.

Performance

EITEX vs. ESIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Parametric Tax-Managed Emerging Markets Fund (EITEX) and Ashmore Emerging Markets Equity ESG Fund (ESIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EITEX achieves a 13.22% return, which is significantly lower than ESIGX's 28.98% return.

EITEX

• 1D: 0.79%
• 1M: 3.38%
• YTD: 13.22%
• 6M: 14.37%
• 1Y: 32.85%
• 3Y*: 17.44%
• 5Y*: 7.08%
• 10Y*: 7.71%

ESIGX

• 1D: 0.85%
• 1M: 8.23%
• YTD: 28.98%
• 6M: 31.98%
• 1Y: 62.50%
• 3Y*: 24.28%
• 5Y*: 6.77%
• 10Y*: —

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

EITEX vs. ESIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EITEX Parametric Tax-Managed Emerging Markets Fund	13.22%	28.58%	4.67%	10.69%	-12.11%	4.47%	14.20%
ESIGX Ashmore Emerging Markets Equity ESG Fund	28.98%	34.35%	7.96%	10.61%	-27.17%	-1.02%	45.70%

Correlation

The correlation between EITEX and ESIGX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020	0.84

The correlation between EITEX and ESIGX has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

Return for Risk

EITEX vs. ESIGX — Risk / Return Rank

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

EITEX

EITEX Risk / Return Rank: 78
EITEX Sharpe Ratio Rank: 87
EITEX Sortino Ratio Rank: 81
EITEX Omega Ratio Rank: 84
EITEX Calmar Ratio Rank: 75
EITEX Martin Ratio Rank: 63

ESIGX

ESIGX Risk / Return Rank: 91
ESIGX Sharpe Ratio Rank: 96
ESIGX Sortino Ratio Rank: 91
ESIGX Omega Ratio Rank: 88
ESIGX Calmar Ratio Rank: 90
ESIGX Martin Ratio Rank: 90

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.

EITEX vs. ESIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parametric Tax-Managed Emerging Markets Fund (EITEX) and Ashmore Emerging Markets Equity ESG Fund (ESIGX). 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.

	EITEX	ESIGX	Difference
Sharpe ratio: Return per unit of total volatility	2.83	3.57	-0.74
Sortino ratio: Return per unit of downside risk	3.81	4.54	-0.73
Omega ratio: Gain probability vs. loss probability	1.57	1.63	-0.06
Calmar ratio: Return relative to maximum drawdown	3.38	4.73	-1.35
Martin ratio: Return relative to average drawdown	12.45	18.35	-5.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EITEX vs. ESIGX - Sharpe Ratio Comparison

The current EITEX Sharpe Ratio is 2.83, which is comparable to the ESIGX Sharpe Ratio of 3.57. The chart below compares the historical Sharpe Ratios of EITEX and ESIGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EITEX	ESIGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.83	3.57	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.36	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.61	-0.07

Drawdowns

EITEX vs. ESIGX - Drawdown Comparison

The maximum EITEX drawdown since its inception was -61.70%, which is greater than ESIGX's maximum drawdown of -47.21%. Use the drawdown chart below to compare losses from any high point for EITEX and ESIGX.

Drawdown Indicators

	EITEX	ESIGX	Difference
Max Drawdown Largest peak-to-trough decline	-61.70%	-47.21%	-14.49%
Max Drawdown (1Y) Largest decline over 1 year	-9.88%	-13.34%	+3.46%
Max Drawdown (3Y) Largest decline over 3 years	-11.86%	-20.59%	+8.73%
Max Drawdown (5Y) Largest decline over 5 years	-25.99%	-44.76%	+18.77%
Max Drawdown (10Y) Largest decline over 10 years	-43.10%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-13.93%	-19.83%	+5.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	3.43%	-0.75%

Volatility

EITEX vs. ESIGX - Volatility Comparison

The current volatility for Parametric Tax-Managed Emerging Markets Fund (EITEX) is 4.25%, while Ashmore Emerging Markets Equity ESG Fund (ESIGX) has a volatility of 6.80%. This indicates that EITEX experiences smaller price fluctuations and is considered to be less risky than ESIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EITEX	ESIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	6.80%	-2.55%
Volatility (6M) Calculated over the trailing 6-month period	10.03%	14.67%	-4.64%
Volatility (1Y) Calculated over the trailing 1-year period	11.80%	17.69%	-5.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.26%	18.86%	-6.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.75%	21.71%	-7.96%

EITEX vs. ESIGX - Expense Ratio Comparison

EITEX has a 0.96% expense ratio, which is lower than ESIGX's 1.17% expense ratio.

Dividends

EITEX vs. ESIGX - Dividend Comparison

EITEX's dividend yield for the trailing twelve months is around 4.22%, more than ESIGX's 1.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EITEX Parametric Tax-Managed Emerging Markets Fund	4.22%	4.77%	4.58%	5.85%	10.39%	9.72%	1.79%	2.63%	2.26%	1.80%	1.67%	2.11%
ESIGX Ashmore Emerging Markets Equity ESG Fund	1.58%	2.04%	0.51%	0.78%	0.00%	16.52%	0.61%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EITEX and ESIGX in my portfolio?

EITEX and ESIGX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EITEX or ESIGX?

ESIGX has higher volatility (6.80%) compared to EITEX (4.25%). In terms of maximum drawdown, EITEX dropped -61.70% vs ESIGX's -47.21%.

Which has better risk-adjusted returns?

ESIGX currently has the higher Sharpe Ratio (3.57 vs 2.83), 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.