EMQIX vs. ELBIX

Last updated Aug 4, 2026

EMQIX (Ashmore Emerging Markets Active Equity Fund) and ELBIX (Ashmore Emerging Markets Local Currency Bond Fund) are both mutual funds - EMQIX is a Emerging Markets Equities fund managed by Ashmore, while ELBIX is a Emerging Markets Bonds fund managed by Ashmore. Their 0.55 correlation means they have sometimes moved together and sometimes differently. EMQIX charges 1.02%/yr vs 0.97%/yr for ELBIX.

Performance

EMQIX vs. ELBIX - Performance Comparison

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

Returns By Period

EMQIX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ELBIX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

EMQIX vs. ELBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
ELBIX Ashmore Emerging Markets Local Currency Bond Fund	0.24%	19.17%	-4.30%	14.03%	-10.00%	-9.55%	2.65%	12.11%	-7.02%	13.54%

Correlation

The correlation between EMQIX and ELBIX is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.59
Correlation (3Y) Balances recent behavior with more history.	0.54
Correlation (5Y) Shows whether the relationship held over a longer period.	0.55
Correlation (All Time) Calculated using the full available price history since Nov 1, 2016	0.55

The correlation between EMQIX and ELBIX has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.

Return for Risk

EMQIX vs. ELBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ashmore Emerging Markets Active Equity Fund (EMQIX) and Ashmore Emerging Markets Local Currency Bond Fund (ELBIX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Volatility

EMQIX vs. ELBIX - Expense Ratio Comparison

EMQIX has a 1.02% expense ratio, which is higher than ELBIX's 0.97% expense ratio.

Dividends

EMQIX vs. ELBIX - Dividend Comparison

EMQIX's dividend yield for the trailing twelve months is around 4.24%, less than ELBIX's 6.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ELBIX Ashmore Emerging Markets Local Currency Bond Fund	6.68%	8.01%	4.10%	4.23%	1.39%	0.00%	1.20%	0.65%	2.54%	1.96%	0.00%
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 EMQIX and ELBIX in my portfolio?

EMQIX and ELBIX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.