ESFIX vs. ESIGX

Last updated Jun 4, 2026

ESFIX (Ashmore Emerging Markets Short Duration Fund) and ESIGX (Ashmore Emerging Markets Equity ESG Fund) are both mutual funds - ESFIX is a Emerging Markets Bonds fund managed by Ashmore, while ESIGX is a Emerging Markets Diversified fund managed by Ashmore. Over the past 5 years, ESFIX returned -3.65%/yr vs 6.77%/yr for ESIGX. At a 0.19 correlation, their price movements are largely independent. ESFIX charges 0.65%/yr vs 1.17%/yr for ESIGX.

Performance

ESFIX vs. ESIGX - 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 Equity ESG Fund (ESIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESFIX achieves a 1.89% return, which is significantly lower than ESIGX's 28.98% return.

ESFIX

• 1D: 0.00%
• 1M: 0.50%
• YTD: 1.89%
• 6M: 2.33%
• 1Y: 5.20%
• 3Y*: 9.83%
• 5Y*: -3.65%
• 10Y*: -1.17%

ESIGX

• 1D: 0.85%
• 1M: 8.23%
• YTD: 28.98%
• 6M: 31.98%
• 1Y: 62.50%
• 3Y*: 24.28%
• 5Y*: 6.77%
• 10Y*: —

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

ESFIX vs. ESIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ESFIX Ashmore Emerging Markets Short Duration Fund	1.89%	7.09%	7.94%	13.03%	-21.54%	-18.83%	-1.12%
ESIGX Ashmore Emerging Markets Equity ESG Fund	28.98%	34.35%	7.96%	10.61%	-27.17%	-1.02%	45.70%

Correlation

The correlation between ESFIX and ESIGX is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020	0.19

The correlation between ESFIX and ESIGX shifts across timeframes, from 0.04 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ESFIX vs. ESIGX — Risk / Return Rank

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

ESFIX

ESFIX Risk / Return Rank: 11
ESFIX Sharpe Ratio Rank: 7
ESFIX Sortino Ratio Rank: 8
ESFIX Omega Ratio Rank: 16
ESFIX Calmar Ratio Rank: 11
ESFIX Martin Ratio Rank: 14

ESIGX

ESIGX Risk / Return Rank: 91
ESIGX Sharpe Ratio Rank: 96
ESIGX Sortino Ratio Rank: 91
ESIGX Omega Ratio Rank: 88
ESIGX Calmar Ratio Rank: 90
ESIGX Martin Ratio Rank: 90

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.

ESFIX vs. ESIGX - 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 Equity ESG Fund (ESIGX). 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.

	ESFIX	ESIGX	Difference
Sharpe ratio: Return per unit of total volatility	0.58	3.57	-2.99
Sortino ratio: Return per unit of downside risk	0.95	4.54	-3.59
Omega ratio: Gain probability vs. loss probability	1.21	1.63	-0.42
Calmar ratio: Return relative to maximum drawdown	1.08	4.73	-3.65
Martin ratio: Return relative to average drawdown	3.92	18.35	-14.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESFIX vs. ESIGX - Sharpe Ratio Comparison

The current ESFIX Sharpe Ratio is 0.58, which is lower than the ESIGX Sharpe Ratio of 3.57. The chart below compares the historical Sharpe Ratios of ESFIX and ESIGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ESFIX	ESIGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.58	3.57	-2.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.44	0.36	-0.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	0.61	-0.76

Drawdowns

ESFIX vs. ESIGX - Drawdown Comparison

The maximum ESFIX drawdown since its inception was -48.22%, roughly equal to the maximum ESIGX drawdown of -47.21%. Use the drawdown chart below to compare losses from any high point for ESFIX and ESIGX.

Drawdown Indicators

	ESFIX	ESIGX	Difference
Max Drawdown Largest peak-to-trough decline	-48.22%	-47.21%	-1.01%
Max Drawdown (1Y) Largest decline over 1 year	-4.86%	-13.34%	+8.48%
Max Drawdown (3Y) Largest decline over 3 years	-5.18%	-20.59%	+15.41%
Max Drawdown (5Y) Largest decline over 5 years	-43.02%	-44.76%	+1.74%
Max Drawdown (10Y) Largest decline over 10 years	-48.22%	—	—
Current Drawdown Current decline from peak	-24.75%	0.00%	-24.75%
Average Drawdown Average peak-to-trough decline	-16.94%	-19.83%	+2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.33%	3.43%	-2.10%

Volatility

ESFIX vs. ESIGX - Volatility Comparison

The current volatility for Ashmore Emerging Markets Short Duration Fund (ESFIX) is 0.85%, while Ashmore Emerging Markets Equity ESG Fund (ESIGX) has a volatility of 6.80%. This indicates that ESFIX experiences smaller price fluctuations and is considered to be less risky than ESIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESFIX	ESIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.85%	6.80%	-5.95%
Volatility (6M) Calculated over the trailing 6-month period	8.33%	14.67%	-6.34%
Volatility (1Y) Calculated over the trailing 1-year period	9.05%	17.69%	-8.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.27%	18.86%	-10.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.33%	21.71%	-13.38%

ESFIX vs. ESIGX - Expense Ratio Comparison

ESFIX has a 0.65% expense ratio, which is lower than ESIGX's 1.17% expense ratio.

Dividends

ESFIX vs. ESIGX - Dividend Comparison

ESFIX's dividend yield for the trailing twelve months is around 6.90%, more than ESIGX's 1.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ESFIX Ashmore Emerging Markets Short Duration Fund	6.90%	3.70%	4.37%	7.75%	6.83%	7.62%	5.38%	8.15%	6.58%	5.63%	1.37%
ESIGX Ashmore Emerging Markets Equity ESG Fund	1.58%	2.04%	0.51%	0.78%	0.00%	16.52%	0.61%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ESFIX and ESIGX in my portfolio?

ESFIX and ESIGX 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.

Which is riskier, ESFIX or ESIGX?

ESIGX has higher volatility (6.80%) compared to ESFIX (0.85%). In terms of maximum drawdown, ESFIX dropped -48.22% vs ESIGX's -47.21%.

Which has better risk-adjusted returns?

ESIGX currently has the higher Sharpe Ratio (3.57 vs 0.58), 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.