ESIGX vs. EMQIX

Last updated Aug 1, 2026

ESIGX (Ashmore Emerging Markets Equity ESG Fund) and EMQIX (Ashmore Emerging Markets Active Equity Fund) are both Emerging Markets Equities funds from Ashmore. Their correlation of 0.90 means they have usually moved in the same direction. ESIGX charges 1.17%/yr vs 1.02%/yr for EMQIX.

Performance

ESIGX vs. EMQIX - Performance Comparison

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

Returns By Period

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%

EMQIX

• 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)
ESIGX Ashmore Emerging Markets Equity ESG Fund	$0.00	$0.00	$0.00

ESIGX vs. EMQIX - 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%
EMQIX Ashmore Emerging Markets Active Equity Fund	13.16%	32.62%	10.11%	5.11%	-24.36%	-3.93%	23.75%

Correlation

The correlation between ESIGX and EMQIX 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.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020	0.90

The correlation between ESIGX and EMQIX has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

Return for Risk

ESIGX vs. EMQIX — 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

EMQIX

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.

ESIGX vs. EMQIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ashmore Emerging Markets Equity ESG Fund (ESIGX) and Ashmore Emerging Markets Active Equity Fund (EMQIX). 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	EMQIX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	—	—
Sortino ratio: Return per unit of downside risk	2.46	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	3.03	—	—
Martin ratio: Return relative to average drawdown	9.85	—	—

Drawdowns

Drawdown Indicators

	ESIGX	EMQIX	Difference
Max Drawdown Largest peak-to-trough decline	-47.21%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.34%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.59%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.17%	—	—
Current Drawdown Current decline from peak	-9.45%	—	—
Average Drawdown Average peak-to-trough decline	-19.45%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.10%	—	—

Volatility

Volatility by Period

	ESIGX	EMQIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.42%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.55%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.03%	—	—

ESIGX vs. EMQIX - Expense Ratio Comparison

ESIGX has a 1.17% expense ratio, which is higher than EMQIX's 1.02% expense ratio.

Dividends

ESIGX vs. EMQIX - Dividend Comparison

ESIGX's dividend yield for the trailing twelve months is around 1.45%, less than EMQIX's 4.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EMQIX Ashmore Emerging Markets Active Equity Fund	4.24%	5.27%	2.49%	1.73%	0.69%	35.77%	0.73%	1.31%	11.37%	9.50%	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 EMQIX in my portfolio?

ESIGX and EMQIX 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.