ESFIX vs. ELBIX

Last updated Aug 1, 2026

ESFIX (Ashmore Emerging Markets Short Duration Fund) and ELBIX (Ashmore Emerging Markets Local Currency Bond Fund) are both Emerging Markets Bonds funds from Ashmore. Their 0.29 correlation means their historical movements had little consistent relationship. ESFIX charges 0.65%/yr vs 0.97%/yr for ELBIX.

Performance

ESFIX vs. ELBIX - Performance Comparison

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

Returns By Period

ESFIX

• 1D: 0.21%
• 1M: 0.63%
• 6M: 2.31%
• YTD: 2.70%
• 1Y: 6.09%
• 3Y*: 10.01%
• 5Y*: -2.43%
• 10Y*: -1.33%
• ALL TIME*: -1.06%

ELBIX

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ESFIX Ashmore Emerging Markets Short Duration Fund	$0.00	$0.00	$0.00

ESFIX vs. ELBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ESFIX Ashmore Emerging Markets Short Duration Fund	2.70%	7.09%	7.94%	13.03%	-21.54%	-18.83%	-6.89%	1.22%	-0.16%	7.11%
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 ESFIX and ELBIX is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.04
Correlation (3Y) Balances recent behavior with more history.	0.12
Correlation (5Y) Shows whether the relationship held over a longer period.	0.19
Correlation (10Y) Provides a long-term view across more market conditions.	0.26
Correlation (All Time) Calculated using the full available price history since Jun 26, 2014	0.29

Over the past year, the correlation between ESFIX and ELBIX has dropped to 0.04 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.

Return for Risk

ESFIX vs. ELBIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ESFIX

ESFIX Risk / Return Rank: 28
ESFIX Sharpe Ratio Rank: 16
ESFIX Sortino Ratio Rank: 19
ESFIX Omega Ratio Rank: 45
ESFIX Calmar Ratio Rank: 27
ESFIX Martin Ratio Rank: 31

ELBIX

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ESFIX vs. ELBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ashmore Emerging Markets Short Duration Fund (ESFIX) 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.

	ESFIX	ELBIX	Difference
Sharpe ratio: Return per unit of total volatility	0.67	—	—
Sortino ratio: Return per unit of downside risk	1.10	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.26	—	—
Martin ratio: Return relative to average drawdown	4.68	—	—

Drawdowns

Drawdown Indicators

	ESFIX	ELBIX	Difference
Max Drawdown Largest peak-to-trough decline	-48.22%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.86%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.22%	—	—
Current Drawdown Current decline from peak	-24.15%	—	—
Average Drawdown Average peak-to-trough decline	-17.04%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.30%	—	—

Volatility

Volatility by Period

	ESFIX	ELBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.17%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.24%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.34%	—	—

ESFIX vs. ELBIX - Expense Ratio Comparison

ESFIX has a 0.65% expense ratio, which is lower than ELBIX's 0.97% expense ratio.

Dividends

ESFIX vs. ELBIX - Dividend Comparison

ESFIX's dividend yield for the trailing twelve months is around 7.79%, more 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%
ESFIX Ashmore Emerging Markets Short Duration Fund	7.79%	3.70%	4.37%	7.75%	6.83%	7.62%	5.38%	8.15%	6.58%	5.63%	1.37%

Frequently Asked Questions

Can I hold both ESFIX and ELBIX in my portfolio?

ESFIX and ELBIX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.