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ESCIX vs. GQGPX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ESCIX vs. GQGPX

Last updated Apr 1, 2026

Compare and contrast key facts about Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) and GQG Partners Emerging Markets Equity Fund (GQGPX).

ESCIX is managed by Ashmore. It was launched on Oct 3, 2011. GQGPX is managed by GQG Partners Inc. It was launched on Dec 27, 2016.

Performance

ESCIX vs. GQGPX - Performance Comparison

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

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ESCIX vs. GQGPX - 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%
GQGPX
GQG Partners Emerging Markets Equity Fund		0.45%9.67%6.00%28.47%-21.01%-2.52%33.74%20.92%-14.91%29.81%

Returns By Period

In the year-to-date period, ESCIX achieves a 8.91% return, which is significantly higher than GQGPX's 0.45% 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%

GQGPX

1D
-0.56%
1M
-7.73%
YTD
0.45%
6M
4.04%
1Y
10.57%
3Y*
13.32%
5Y*
3.21%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Ashmore Emerging Markets Small Cap Equity Fund

GQG Partners Emerging Markets Equity Fund

Often compared with ESCIX:
ESCIX vs. SMQFXESCIX vs. EMRSXESCIX vs. WBELXESCIX vs. SIEMXESCIX vs. FSSGXESCIX vs. DEMIXESCIX vs. RNWGX
Often compared with GQGPX:
GQGPX vs. FEDDXGQGPX vs. XCEMGQGPX vs. DEMGXGQGPX vs. PEMYXGQGPX vs. HAWXGQGPX vs. WCMIXGQGPX vs. VEIEX

ESCIX vs. GQGPX - Expense Ratio Comparison

ESCIX has a 1.52% expense ratio, which is higher than GQGPX's 1.22% expense ratio.

ESCIX
Ashmore Emerging Markets Small Cap Equity Fund
GQGPX
GQG Partners Emerging Markets Equity Fund

Return for Risk

ESCIX vs. GQGPX — 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
GQGPX
GQGPX Risk / Return Rank: 3737
Overall Rank
GQGPX Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
GQGPX Sortino Ratio Rank: 3939
Sortino Ratio Rank
GQGPX Omega Ratio Rank: 3232
Omega Ratio Rank
GQGPX Calmar Ratio Rank: 3939
Calmar Ratio Rank
GQGPX Martin Ratio Rank: 3333
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. GQGPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) and GQG Partners Emerging Markets Equity Fund (GQGPX). 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.

ESCIXGQGPXDifference

Sharpe ratio

Return per unit of total volatility

2.59

0.84

+1.75

Sortino ratio

Return per unit of downside risk

3.42

1.21

+2.21

Omega ratio

Gain probability vs. loss probability

1.53

1.16

+0.37

Calmar ratio

Return relative to maximum drawdown

2.47

1.01

+1.46

Martin ratio

Return relative to average drawdown

14.33

3.55

+10.78

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. GQGPX - Sharpe Ratio Comparison

The current ESCIX Sharpe Ratio is 2.59, which is higher than the GQGPX Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of ESCIX and GQGPX, 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

ESCIXGQGPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.59

0.84

+1.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.37

0.22

+0.15

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

0.51

-0.12

Correlation

The correlation between ESCIX and GQGPX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ESCIX vs. GQGPX - Dividend Comparison

ESCIX's dividend yield for the trailing twelve months is around 0.42%, less than GQGPX's 1.91% 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%
GQGPX
GQG Partners Emerging Markets Equity Fund		1.91%1.91%1.50%2.54%5.52%3.78%0.15%1.06%0.59%0.17%0.00%

Drawdowns

ESCIX vs. GQGPX - Drawdown Comparison

The maximum ESCIX drawdown since its inception was -48.76%, which is greater than GQGPX's maximum drawdown of -33.68%. Use the drawdown chart below to compare losses from any high point for ESCIX and GQGPX.

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Drawdown Indicators

ESCIXGQGPXDifference

Max Drawdown

Largest peak-to-trough decline

-48.76%

-33.68%

-15.08%

Max Drawdown (1Y)

Largest decline over 1 year

-12.84%

-9.12%

-3.72%

Max Drawdown (5Y)

Largest decline over 5 years

-36.59%

-30.02%

-6.57%

Max Drawdown (10Y)

Largest decline over 10 years

-48.76%

—

—

Current Drawdown

Current decline from peak

-0.74%

-8.91%

+8.17%

Average Drawdown

Average peak-to-trough decline

-13.45%

-11.71%

-1.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.49%

2.60%

-0.11%

Volatility

ESCIX vs. GQGPX - Volatility Comparison

The current volatility for Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) is 0.00%, while GQG Partners Emerging Markets Equity Fund (GQGPX) has a volatility of 5.75%. This indicates that ESCIX experiences smaller price fluctuations and is considered to be less risky than GQGPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ESCIXGQGPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

5.75%

-5.75%

Volatility (6M)

Calculated over the trailing 6-month period

8.91%

8.86%

+0.05%

Volatility (1Y)

Calculated over the trailing 1-year period

15.75%

12.45%

+3.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.86%

14.71%

+1.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.64%

15.98%

+1.66%