EPASX vs. ESCIX
EPASX (EP Emerging Markets Small Companies Fund) and ESCIX (Ashmore Emerging Markets Small Cap Equity Fund) are both Emerging Markets Equities funds. Over the past 10 years, EPASX returned 4.94%/yr vs 9.13%/yr for ESCIX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. EPASX charges 1.75%/yr vs 1.52%/yr for ESCIX.
Performance
EPASX vs. ESCIX - Performance Comparison
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Returns By Period
In the year-to-date period, EPASX achieves a 3.16% return, which is significantly lower than ESCIX's 8.91% return. Over the past 10 years, EPASX has underperformed ESCIX with an annualized return of 4.94%, while ESCIX has yielded a comparatively higher 9.13% annualized return.
EPASX
- 1D
- 0.33%
- 1M
- 2.63%
- 6M
- -1.87%
- YTD
- 3.16%
- 1Y
- 14.07%
- 3Y*
- 8.69%
- 5Y*
- -0.91%
- 10Y*
- 4.94%
- ALL TIME*
- 4.41%
ESCIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.38%
- YTD
- 8.91%
- 1Y
- 23.63%
- 3Y*
- 13.53%
- 5Y*
- 4.21%
- 10Y*
- 9.13%
- ALL TIME*
- 6.55%
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 |
EPASX vs. ESCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPASX EP Emerging Markets Small Companies Fund | 3.16% | 25.43% | 0.64% | 7.15% | -28.73% | 9.75% | 27.20% | 14.82% | -21.57% | 34.40% |
ESCIX Ashmore Emerging Markets Small Cap Equity Fund | 8.91% | 26.07% | 3.55% | 19.64% | -24.45% | 11.93% | 43.41% | 15.24% | -22.01% | 28.57% |
Correlation
The correlation between EPASX and ESCIX is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2011 | 0.72 |
Over the past year, the correlation between EPASX and ESCIX has dropped to 0.41 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
EPASX vs. ESCIX — Risk / Return Rank
EPASX
ESCIX
EPASX vs. ESCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EP Emerging Markets Small Companies Fund (EPASX) and Ashmore Emerging Markets Small Cap Equity Fund (ESCIX). 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.
| EPASX | ESCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.53 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 3.92 | -2.60 |
| Martin ratioReturn relative to average drawdown | 2.95 | 17.72 | -14.77 |
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Drawdowns
EPASX vs. ESCIX - Drawdown Comparison
The maximum EPASX drawdown since its inception was -41.54%, smaller than the maximum ESCIX drawdown of -48.76%. Use the drawdown chart below to compare losses from any high point for EPASX and ESCIX.
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Drawdown Indicators
| EPASX | ESCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.54% | -48.76% | +7.22% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -5.70% | -4.62% |
Max Drawdown (3Y)Largest decline over 3 years | -17.18% | -19.97% | +2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -38.99% | -36.59% | -2.40% |
Max Drawdown (10Y)Largest decline over 10 years | -41.54% | -48.76% | +7.22% |
Current DrawdownCurrent decline from peak | -7.24% | -0.74% | -6.50% |
Average DrawdownAverage peak-to-trough decline | -15.57% | -13.21% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 1.49% | +3.11% |
Volatility
EPASX vs. ESCIX - Volatility Comparison
EP Emerging Markets Small Companies Fund (EPASX) has a higher volatility of 4.79% compared to Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) at 0.00%. This indicates that EPASX's price experiences larger fluctuations and is considered to be riskier than ESCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPASX | ESCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 0.00% | +4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 5.66% | +7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.78% | 10.28% | +4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.86% | 15.57% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.30% | 17.48% | -2.18% |
EPASX vs. ESCIX - Expense Ratio Comparison
EPASX has a 1.75% expense ratio, which is higher than ESCIX's 1.52% expense ratio.
Dividends
EPASX vs. ESCIX - Dividend Comparison
EPASX's dividend yield for the trailing twelve months is around 1.89%, more than ESCIX's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPASX EP Emerging Markets Small Companies Fund | 1.89% | 1.95% | 2.00% | 1.20% | 0.50% | 21.67% | 0.54% | 0.27% | 11.18% | 4.20% | 1.50% | 1.30% |
ESCIX Ashmore Emerging Markets Small Cap Equity Fund | 0.42% | 0.91% | 0.00% | 0.56% | 0.60% | 0.00% | 0.00% | 0.13% | 0.11% | 1.66% | 1.16% | 0.00% |
Frequently Asked Questions
EPASX and ESCIX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPASX has higher volatility (4.79%) compared to ESCIX (0.00%). In terms of maximum drawdown, EPASX dropped -41.54% vs ESCIX's -48.76%.
ESCIX currently has the higher Sharpe Ratio (2.17 vs 0.92), 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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