EMFIX vs. EMQIX

Last updated Aug 4, 2026

EMFIX (Ashmore Emerging Markets Equity Fund) and EMQIX (Ashmore Emerging Markets Active Equity Fund) are both Emerging Markets Equities funds from Ashmore. Their correlation of 0.92 means they have usually moved in the same direction. EMFIX charges 1.17%/yr vs 1.02%/yr for EMQIX.

Performance

EMFIX vs. EMQIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ashmore Emerging Markets Equity Fund (EMFIX) and Ashmore Emerging Markets Active Equity Fund (EMQIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EMFIX

• 1D: 2.99%
• 1M: -2.28%
• 6M: 12.83%
• YTD: 23.37%
• 1Y: 47.42%
• 3Y*: 20.47%
• 5Y*: 6.86%
• 10Y*: 12.68%
• ALL TIME*: 6.17%

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)
EMFIX Ashmore Emerging Markets Equity Fund	$0.00	$0.00	$0.00

EMFIX vs. EMQIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMFIX Ashmore Emerging Markets Equity Fund	23.37%	35.16%	7.08%	9.68%	-26.09%	4.05%	30.00%	30.47%	-16.96%	46.16%
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 EMFIX and EMQIX is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (All Time) Calculated using the full available price history since Nov 1, 2016	0.92

The correlation between EMFIX and EMQIX shifts across timeframes, from 0.82 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EMFIX vs. EMQIX — Risk / Return Rank

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

EMFIX

EMFIX Risk / Return Rank: 81
EMFIX Sharpe Ratio Rank: 83
EMFIX Sortino Ratio Rank: 74
EMFIX Omega Ratio Rank: 77
EMFIX Calmar Ratio Rank: 89
EMFIX Martin Ratio Rank: 80

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.

EMFIX vs. EMQIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ashmore Emerging Markets Equity Fund (EMFIX) 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.

	EMFIX	EMQIX	Difference
Sharpe ratio: Return per unit of total volatility	2.03	—	—
Sortino ratio: Return per unit of downside risk	2.60	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	3.40	—	—
Martin ratio: Return relative to average drawdown	10.38	—	—

Drawdowns

Drawdown Indicators

	EMFIX	EMQIX	Difference
Max Drawdown Largest peak-to-trough decline	-44.99%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.91%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-43.54%	—	—
Current Drawdown Current decline from peak	-7.83%	—	—
Average Drawdown Average peak-to-trough decline	-16.81%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.33%	—	—

Volatility

Volatility by Period

	EMFIX	EMQIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.24%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.65%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	—	—

EMFIX vs. EMQIX - Expense Ratio Comparison

EMFIX has a 1.17% expense ratio, which is higher than EMQIX's 1.02% expense ratio.

Dividends

EMFIX vs. EMQIX - Dividend Comparison

EMFIX's dividend yield for the trailing twelve months is around 1.32%, less than EMQIX's 4.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EMFIX Ashmore Emerging Markets Equity Fund	1.32%	1.65%	0.61%	1.25%	0.82%	22.32%	2.32%	2.16%	0.82%	2.12%	1.00%
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 EMFIX and EMQIX in my portfolio?

EMFIX and EMQIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.