ESIGX vs. DEMCX

Last updated Aug 1, 2026

ESIGX (Ashmore Emerging Markets Equity ESG Fund) and DEMCX (Nomura Emerging Markets Fund Class C) are both Emerging Markets Equities funds. Over the past 5 years, ESIGX returned 5.77%/yr vs 21.94%/yr for DEMCX. Their correlation of 0.85 means they have usually moved in the same direction. ESIGX charges 1.17%/yr vs 2.17%/yr for DEMCX.

Performance

ESIGX vs. DEMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ashmore Emerging Markets Equity ESG Fund (ESIGX) and Nomura Emerging Markets Fund Class C (DEMCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESIGX achieves a 19.54% return, which is significantly lower than DEMCX's 67.60% return.

ESIGX

• 1D: 2.92%
• 1M: -4.93%
• 6M: 9.01%
• YTD: 19.54%
• 1Y: 44.28%
• 3Y*: 18.91%
• 5Y*: 5.77%
• 10Y*: —
• ALL TIME*: 11.52%

DEMCX

• 1D: 8.32%
• 1M: -18.28%
• 6M: 33.85%
• YTD: 67.60%
• 1Y: 153.43%
• 3Y*: 49.76%
• 5Y*: 21.94%
• 10Y*: 16.80%
• ALL TIME*: 9.70%

*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)
DEMCX Nomura Emerging Markets Fund Class C	$0.00	$0.00	$0.00
ESIGX Ashmore Emerging Markets Equity ESG Fund	$0.00	$0.00	$0.00

ESIGX vs. DEMCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ESIGX Ashmore Emerging Markets Equity ESG Fund	19.54%	34.35%	7.96%	10.61%	-27.17%	-1.02%	45.70%
DEMCX Nomura Emerging Markets Fund Class C	67.60%	84.86%	5.47%	16.47%	-29.38%	-3.05%	35.05%

Correlation

The correlation between ESIGX and DEMCX is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020	0.85

The correlation between ESIGX and DEMCX has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

Return for Risk

ESIGX vs. DEMCX — Risk / Return Rank

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

ESIGX

ESIGX Risk / Return Rank: 78
ESIGX Sharpe Ratio Rank: 79
ESIGX Sortino Ratio Rank: 71
ESIGX Omega Ratio Rank: 74
ESIGX Calmar Ratio Rank: 86
ESIGX Martin Ratio Rank: 80

DEMCX

DEMCX Risk / Return Rank: 91
DEMCX Sharpe Ratio Rank: 97
DEMCX Sortino Ratio Rank: 82
DEMCX Omega Ratio Rank: 86
DEMCX Calmar Ratio Rank: 94
DEMCX Martin Ratio Rank: 96

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.

ESIGX vs. DEMCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ashmore Emerging Markets Equity ESG Fund (ESIGX) and Nomura Emerging Markets Fund Class C (DEMCX). 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.

	ESIGX	DEMCX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.75	-0.87
Sortino ratio: Return per unit of downside risk	2.46	2.84	-0.38
Omega ratio: Gain probability vs. loss probability	1.33	1.43	-0.10
Calmar ratio: Return relative to maximum drawdown	3.03	3.98	-0.95
Martin ratio: Return relative to average drawdown	9.85	16.56	-6.72

ESIGX vs. DEMCX - Sharpe Ratio Comparison

The current ESIGX Sharpe Ratio is 1.89, which is lower than the DEMCX Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of ESIGX and DEMCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ESIGX vs. DEMCX - Drawdown Comparison

The maximum ESIGX drawdown since its inception was -47.21%, smaller than the maximum DEMCX drawdown of -63.54%. Use the drawdown chart below to compare losses from any high point for ESIGX and DEMCX.

Drawdown Indicators

	ESIGX	DEMCX	Difference
Max Drawdown Largest peak-to-trough decline	-47.21%	-63.54%	+16.33%
Max Drawdown (1Y) Largest decline over 1 year	-13.34%	-36.58%	+23.24%
Max Drawdown (3Y) Largest decline over 3 years	-20.59%	-36.58%	+15.99%
Max Drawdown (5Y) Largest decline over 5 years	-44.17%	-38.96%	-5.21%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.21%	—
Current Drawdown Current decline from peak	-9.45%	-31.31%	+21.86%
Average Drawdown Average peak-to-trough decline	-19.45%	-19.59%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.10%	8.76%	-4.66%

Volatility

ESIGX vs. DEMCX - Volatility Comparison

The current volatility for Ashmore Emerging Markets Equity ESG Fund (ESIGX) is 8.43%, while Nomura Emerging Markets Fund Class C (DEMCX) has a volatility of 25.07%. This indicates that ESIGX experiences smaller price fluctuations and is considered to be less risky than DEMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESIGX	DEMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.43%	25.07%	-16.64%
Volatility (6M) Calculated over the trailing 6-month period	19.04%	49.53%	-30.49%
Volatility (1Y) Calculated over the trailing 1-year period	21.42%	52.91%	-31.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.55%	30.11%	-10.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.03%	25.79%	-3.76%

ESIGX vs. DEMCX - Expense Ratio Comparison

ESIGX has a 1.17% expense ratio, which is lower than DEMCX's 2.17% expense ratio.

Dividends

ESIGX vs. DEMCX - Dividend Comparison

ESIGX's dividend yield for the trailing twelve months is around 1.45%, less than DEMCX's 12.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DEMCX Nomura Emerging Markets Fund Class C	12.22%	20.47%	1.09%	2.03%	0.69%	2.58%	0.61%	0.00%	0.00%	1.03%	0.08%
ESIGX Ashmore Emerging Markets Equity ESG Fund	1.45%	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 ESIGX and DEMCX in my portfolio?

ESIGX and DEMCX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ESIGX or DEMCX?

DEMCX has higher volatility (25.07%) compared to ESIGX (8.43%). In terms of maximum drawdown, ESIGX dropped -47.21% vs DEMCX's -63.54%.

Which has better risk-adjusted returns?

DEMCX currently has the higher Sharpe Ratio (2.75 vs 1.89), 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.