EMFIX vs. IGIEX
EMFIX (Ashmore Emerging Markets Equity Fund) and IGIEX (Ashmore Emerging Markets Investment Grade Income Fund) are both mutual funds - EMFIX is a Emerging Markets Equities fund managed by Ashmore, while IGIEX is a Emerging Markets Bonds fund managed by Ashmore. Over the past 5 years, EMFIX returned 6.23%/yr vs 2.80%/yr for IGIEX. Their 0.31 correlation means their historical movements had little consistent relationship. EMFIX charges 1.17%/yr vs 0.72%/yr for IGIEX.
Performance
EMFIX vs. IGIEX - Performance Comparison
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Returns By Period
In the year-to-date period, EMFIX achieves a 19.78% return, which is significantly higher than IGIEX's 2.85% return.
EMFIX
- 1D
- 3.15%
- 1M
- -5.13%
- 6M
- 8.86%
- YTD
- 19.78%
- 1Y
- 43.14%
- 3Y*
- 18.99%
- 5Y*
- 6.23%
- 10Y*
- 12.23%
- ALL TIME*
- 5.96%
IGIEX
- 1D
- -0.33%
- 1M
- -1.16%
- 6M
- 1.43%
- YTD
- 2.85%
- 1Y
- 11.44%
- 3Y*
- 10.49%
- 5Y*
- 2.80%
- 10Y*
- —
- ALL TIME*
- 3.29%
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 |
EMFIX vs. IGIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMFIX Ashmore Emerging Markets Equity Fund | 19.78% | 35.16% | 7.08% | 9.68% | -26.09% | 4.05% | 24.15% |
IGIEX Ashmore Emerging Markets Investment Grade Income Fund | 2.85% | 18.29% | 6.74% | 7.76% | -16.44% | -2.75% | 6.18% |
Correlation
The correlation between EMFIX and IGIEX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2020 | 0.31 |
The correlation between EMFIX and IGIEX shifts across timeframes, from 0.31 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMFIX vs. IGIEX — Risk / Return Rank
EMFIX
IGIEX
EMFIX vs. IGIEX - 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 Investment Grade Income Fund (IGIEX). 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 | IGIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.49 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 3.26 | -0.30 |
| Martin ratioReturn relative to average drawdown | 9.09 | 12.60 | -3.51 |
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Drawdowns
EMFIX vs. IGIEX - Drawdown Comparison
The maximum EMFIX drawdown since its inception was -44.99%, which is greater than IGIEX's maximum drawdown of -25.61%. Use the drawdown chart below to compare losses from any high point for EMFIX and IGIEX.
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Drawdown Indicators
| EMFIX | IGIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.99% | -25.61% | -19.38% |
Max Drawdown (1Y)Largest decline over 1 year | -13.24% | -3.60% | -9.64% |
Max Drawdown (3Y)Largest decline over 3 years | -19.91% | -7.51% | -12.40% |
Max Drawdown (5Y)Largest decline over 5 years | -41.76% | -25.61% | -16.15% |
Max Drawdown (10Y)Largest decline over 10 years | -43.54% | — | — |
Current DrawdownCurrent decline from peak | -10.51% | -1.70% | -8.81% |
Average DrawdownAverage peak-to-trough decline | -16.82% | -8.39% | -8.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 0.93% | +3.37% |
Volatility
EMFIX vs. IGIEX - Volatility Comparison
Ashmore Emerging Markets Equity Fund (EMFIX) has a higher volatility of 8.58% compared to Ashmore Emerging Markets Investment Grade Income Fund (IGIEX) at 0.90%. This indicates that EMFIX's price experiences larger fluctuations and is considered to be riskier than IGIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMFIX | IGIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 0.90% | +7.68% |
Volatility (6M)Calculated over the trailing 6-month period | 19.61% | 3.60% | +16.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.06% | 4.83% | +17.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 5.64% | +13.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.89% | 5.36% | +14.53% |
EMFIX vs. IGIEX - Expense Ratio Comparison
EMFIX has a 1.17% expense ratio, which is higher than IGIEX's 0.72% expense ratio.
Dividends
EMFIX vs. IGIEX - Dividend Comparison
EMFIX's dividend yield for the trailing twelve months is around 1.36%, less than IGIEX's 5.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMFIX Ashmore Emerging Markets Equity Fund | 1.36% | 1.65% | 0.61% | 1.25% | 0.82% | 22.32% | 2.32% | 2.16% | 0.82% | 2.12% | 1.00% |
IGIEX Ashmore Emerging Markets Investment Grade Income Fund | 5.69% | 7.40% | 6.42% | 4.00% | 3.19% | 2.31% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMFIX and IGIEX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMFIX has higher volatility (8.58%) compared to IGIEX (0.90%). In terms of maximum drawdown, EMFIX dropped -44.99% vs IGIEX's -25.61%.
IGIEX currently has the higher Sharpe Ratio (2.43 vs 1.78), 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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