ESDIX vs. GWX

Last updated Jun 4, 2026

ESDIX (Ashmore Emerging Markets Short Duration Select Fund) and GWX (SPDR S&P International Small Cap ETF) are both funds - ESDIX is a Emerging Markets Bonds fund managed by Ashmore, while GWX is a Foreign Small & Mid Cap Equities fund tracking the S&P Developed Ex-U.S. Under USD2 Billion Index. At a 0.23 correlation, their price movements are largely independent. ESDIX charges 0.67%/yr vs 0.40%/yr for GWX.

Performance

ESDIX vs. GWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ashmore Emerging Markets Short Duration Select Fund (ESDIX) and SPDR S&P International Small Cap ETF (GWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ESDIX

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

GWX

• 1D: -1.21%
• 1M: 0.57%
• YTD: 11.79%
• 6M: 14.68%
• 1Y: 30.65%
• 3Y*: 17.00%
• 5Y*: 5.61%
• 10Y*: 7.57%

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

ESDIX vs. GWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ESDIX Ashmore Emerging Markets Short Duration Select Fund	0.00%	1.54%	6.15%	5.31%	-9.66%	-4.21%	4.12%
GWX SPDR S&P International Small Cap ETF	11.79%	35.89%	0.21%	10.94%	-19.98%	9.66%	31.29%

Correlation

The correlation between ESDIX and GWX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jun 16, 2020	0.23

Return for Risk

ESDIX vs. GWX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GWX

GWX Risk / Return Rank: 56
GWX Sharpe Ratio Rank: 58
GWX Sortino Ratio Rank: 58
GWX Omega Ratio Rank: 57
GWX Calmar Ratio Rank: 52
GWX Martin Ratio Rank: 57

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.

ESDIX vs. GWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ashmore Emerging Markets Short Duration Select Fund (ESDIX) and SPDR S&P International Small Cap ETF (GWX). 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.

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

Sharpe Ratios by Period

	ESDIX	GWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.98	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.34	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.23	—

Drawdowns

Drawdown Indicators

	ESDIX	GWX	Difference
Max Drawdown Largest peak-to-trough decline	—	-63.25%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.91%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.73%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.27%	—
Current Drawdown Current decline from peak	—	-2.86%	—
Average Drawdown Average peak-to-trough decline	—	-14.74%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.06%	—

Volatility

Volatility by Period

	ESDIX	GWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.52%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.74%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.36%	—

ESDIX vs. GWX - Expense Ratio Comparison

ESDIX has a 0.67% expense ratio, which is higher than GWX's 0.40% expense ratio.

Dividends

ESDIX vs. GWX - Dividend Comparison

ESDIX has not paid dividends to shareholders, while GWX's dividend yield for the trailing twelve months is around 2.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESDIX Ashmore Emerging Markets Short Duration Select Fund	0.00%	0.39%	4.79%	3.39%	2.50%	2.60%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%
GWX SPDR S&P International Small Cap ETF	2.54%	2.83%	2.71%	2.64%	2.71%	2.75%	1.74%	3.41%	2.94%	5.18%	4.21%	2.67%

Frequently Asked Questions

Can I hold both ESDIX and GWX in my portfolio?

ESDIX and GWX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.