EMCIX vs. SEDAX
EMCIX (Ashmore Emerging Markets Corporate Income Fund) and SEDAX (SEI Institutional Investments Trust Emerging Markets Debt Fund) are both Emerging Markets Bonds funds. Over the past 10 years, EMCIX returned 2.20%/yr vs 3.92%/yr for SEDAX. Their 0.57 correlation means they have sometimes moved together and sometimes differently. EMCIX charges 1.01%/yr vs 0.41%/yr for SEDAX.
Performance
EMCIX vs. SEDAX - Performance Comparison
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Returns By Period
In the year-to-date period, EMCIX achieves a 2.88% return, which is significantly lower than SEDAX's 3.95% return. Over the past 10 years, EMCIX has underperformed SEDAX with an annualized return of 2.20%, while SEDAX has yielded a comparatively higher 3.92% annualized return.
EMCIX
- 1D
- -0.18%
- 1M
- -0.15%
- 6M
- 1.37%
- YTD
- 2.88%
- 1Y
- 5.86%
- 3Y*
- 8.57%
- 5Y*
- -1.45%
- 10Y*
- 2.20%
- ALL TIME*
- 0.00%
SEDAX
- 1D
- 0.32%
- 1M
- -0.51%
- 6M
- 1.32%
- YTD
- 3.95%
- 1Y
- 12.97%
- 3Y*
- 9.56%
- 5Y*
- 3.75%
- 10Y*
- 3.92%
- ALL TIME*
- 3.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
EMCIX vs. SEDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMCIX Ashmore Emerging Markets Corporate Income Fund | 2.88% | 8.81% | 8.28% | 6.01% | -22.35% | -6.47% | 7.34% | 11.08% | -3.92% | 13.02% |
SEDAX SEI Institutional Investments Trust Emerging Markets Debt Fund | 3.95% | 20.33% | 3.13% | 12.86% | -14.53% | -4.93% | 4.68% | 15.55% | -8.11% | 15.32% |
Correlation
The correlation between EMCIX and SEDAX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2010 | 0.57 |
Over the past year, the correlation between EMCIX and SEDAX has dropped to 0.36 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
EMCIX vs. SEDAX — Risk / Return Rank
EMCIX
SEDAX
EMCIX vs. SEDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ashmore Emerging Markets Corporate Income Fund (EMCIX) and SEI Institutional Investments Trust Emerging Markets Debt Fund (SEDAX). 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.
| EMCIX | SEDAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.47 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.39 | -0.49 |
| Martin ratioReturn relative to average drawdown | 7.39 | 9.45 | -2.06 |
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Drawdowns
EMCIX vs. SEDAX - Drawdown Comparison
The maximum EMCIX drawdown since its inception was -36.20%, roughly equal to the maximum SEDAX drawdown of -37.03%. Use the drawdown chart below to compare losses from any high point for EMCIX and SEDAX.
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Drawdown Indicators
| EMCIX | SEDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.20% | -37.03% | +0.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -5.49% | +2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -4.02% | -8.17% | +4.15% |
Max Drawdown (5Y)Largest decline over 5 years | -35.82% | -26.86% | -8.96% |
Max Drawdown (10Y)Largest decline over 10 years | -36.20% | -27.25% | -8.95% |
Current DrawdownCurrent decline from peak | -8.53% | -1.03% | -7.50% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -6.74% | -6.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.39% | -0.60% |
Volatility
EMCIX vs. SEDAX - Volatility Comparison
Ashmore Emerging Markets Corporate Income Fund (EMCIX) has a higher volatility of 1.69% compared to SEI Institutional Investments Trust Emerging Markets Debt Fund (SEDAX) at 1.18%. This indicates that EMCIX's price experiences larger fluctuations and is considered to be riskier than SEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMCIX | SEDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.18% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | 5.11% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.63% | 5.80% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.72% | 7.05% | -1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.07% | 8.38% | -2.31% |
EMCIX vs. SEDAX - Expense Ratio Comparison
EMCIX has a 1.01% expense ratio, which is higher than SEDAX's 0.41% expense ratio.
Dividends
EMCIX vs. SEDAX - Dividend Comparison
EMCIX's dividend yield for the trailing twelve months is around 9.59%, more than SEDAX's 8.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMCIX Ashmore Emerging Markets Corporate Income Fund | 9.59% | 7.69% | 4.92% | 5.23% | 6.67% | 4.28% | 5.13% | 6.62% | 6.62% | 4.89% | 0.00% | 0.00% |
SEDAX SEI Institutional Investments Trust Emerging Markets Debt Fund | 8.61% | 7.30% | 7.24% | 4.65% | 2.08% | 4.69% | 1.52% | 3.75% | 3.17% | 4.70% | 3.59% | 1.00% |
Frequently Asked Questions
EMCIX and SEDAX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMCIX has higher volatility (1.69%) compared to SEDAX (1.18%). In terms of maximum drawdown, EMCIX dropped -36.20% vs SEDAX's -37.03%.
SEDAX currently has the higher Sharpe Ratio (2.27 vs 1.05), 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.
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