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ESCIX vs. FERGX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ESCIX vs. FERGX

Last updated Apr 1, 2026

Compare and contrast key facts about Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) and Fidelity SAI Emerging Markets Index Fund (FERGX).

ESCIX is managed by Ashmore. It was launched on Oct 3, 2011. FERGX is managed by Fidelity. It was launched on Jan 4, 2016.

Performance

ESCIX vs. FERGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) and Fidelity SAI Emerging Markets Index Fund (FERGX). The values are adjusted to include any dividend payments, if applicable.

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ESCIX vs. FERGX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%27.72%
FERGX
Fidelity SAI Emerging Markets Index Fund		0.11%33.86%6.59%9.41%-20.19%-3.05%17.46%18.22%-14.52%33.62%

Returns By Period

In the year-to-date period, ESCIX achieves a 8.91% return, which is significantly higher than FERGX's 0.11% return.

ESCIX

1D
0.00%
1M
0.00%
YTD
8.91%
6M
13.79%
1Y
41.15%
3Y*
16.77%
5Y*
5.75%
10Y*
9.84%

FERGX

1D
-0.90%
1M
-12.37%
YTD
0.11%
6M
4.61%
1Y
28.95%
3Y*
14.47%
5Y*
3.29%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Ashmore Emerging Markets Small Cap Equity Fund

Fidelity SAI Emerging Markets Index Fund

Often compared with ESCIX:
ESCIX vs. SMQFXESCIX vs. EMRSXESCIX vs. WBELXESCIX vs. SIEMXESCIX vs. DEMIXESCIX vs. FSSGXESCIX vs. RNWGX
Often compared with FERGX:
FERGX vs. FGOMXFERGX vs. EEMFERGX vs. FPADXFERGX vs. VWOFERGX vs. FSISXFERGX vs. IEMGFERGX vs. VFINX

ESCIX vs. FERGX - Expense Ratio Comparison

ESCIX has a 1.52% expense ratio, which is higher than FERGX's 0.08% expense ratio.

ESCIX
Ashmore Emerging Markets Small Cap Equity Fund
FERGX
Fidelity SAI Emerging Markets Index Fund

Return for Risk

ESCIX vs. FERGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ESCIX
ESCIX Risk / Return Rank: 9595
Overall Rank
ESCIX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
ESCIX Sortino Ratio Rank: 9696
Sortino Ratio Rank
ESCIX Omega Ratio Rank: 9595
Omega Ratio Rank
ESCIX Calmar Ratio Rank: 8989
Calmar Ratio Rank
ESCIX Martin Ratio Rank: 9696
Martin Ratio Rank
FERGX
FERGX Risk / Return Rank: 8282
Overall Rank
FERGX Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
FERGX Sortino Ratio Rank: 8484
Sortino Ratio Rank
FERGX Omega Ratio Rank: 8181
Omega Ratio Rank
FERGX Calmar Ratio Rank: 8383
Calmar Ratio Rank
FERGX Martin Ratio Rank: 7979
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ESCIX vs. FERGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) and Fidelity SAI Emerging Markets Index Fund (FERGX). 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.

ESCIXFERGXDifference

Sharpe ratio

Return per unit of total volatility

2.59

1.62

+0.97

Sortino ratio

Return per unit of downside risk

3.42

2.15

+1.27

Omega ratio

Gain probability vs. loss probability

1.53

1.32

+0.21

Calmar ratio

Return relative to maximum drawdown

2.47

2.01

+0.46

Martin ratio

Return relative to average drawdown

14.33

7.77

+6.56

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESCIX vs. FERGX - Sharpe Ratio Comparison

The current ESCIX Sharpe Ratio is 2.59, which is higher than the FERGX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of ESCIX and FERGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ESCIXFERGXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.59

1.62

+0.97

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.37

0.20

+0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.56

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.41

-0.02

Correlation

The correlation between ESCIX and FERGX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ESCIX vs. FERGX - Dividend Comparison

ESCIX's dividend yield for the trailing twelve months is around 0.42%, less than FERGX's 2.67% yield.

TTM2025202420232022202120202019201820172016
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%
FERGX
Fidelity SAI Emerging Markets Index Fund		2.67%2.67%2.40%2.67%2.51%2.90%1.49%2.49%2.58%0.58%0.00%

Drawdowns

ESCIX vs. FERGX - Drawdown Comparison

The maximum ESCIX drawdown since its inception was -48.76%, which is greater than FERGX's maximum drawdown of -39.27%. Use the drawdown chart below to compare losses from any high point for ESCIX and FERGX.

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Drawdown Indicators

ESCIXFERGXDifference

Max Drawdown

Largest peak-to-trough decline

-48.76%

-39.27%

-9.49%

Max Drawdown (1Y)

Largest decline over 1 year

-12.84%

-13.32%

+0.48%

Max Drawdown (5Y)

Largest decline over 5 years

-36.59%

-37.18%

+0.59%

Max Drawdown (10Y)

Largest decline over 10 years

-48.76%

—

—

Current Drawdown

Current decline from peak

-0.74%

-13.32%

+12.58%

Average Drawdown

Average peak-to-trough decline

-13.45%

-14.56%

+1.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.49%

3.45%

-0.96%

Volatility

ESCIX vs. FERGX - Volatility Comparison

The current volatility for Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) is 0.00%, while Fidelity SAI Emerging Markets Index Fund (FERGX) has a volatility of 8.90%. This indicates that ESCIX experiences smaller price fluctuations and is considered to be less risky than FERGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ESCIXFERGXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

8.90%

-8.90%

Volatility (6M)

Calculated over the trailing 6-month period

8.91%

13.34%

-4.43%

Volatility (1Y)

Calculated over the trailing 1-year period

15.75%

17.70%

-1.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.86%

16.78%

-0.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.64%

17.82%

-0.18%