ESIGX vs. ESFIX

Last updated Jun 23, 2026

ESIGX (Ashmore Emerging Markets Equity ESG Fund) and ESFIX (Ashmore Emerging Markets Short Duration Fund) are both mutual funds - ESIGX is a Emerging Markets Diversified fund managed by Ashmore, while ESFIX is a Emerging Markets Bonds fund managed by Ashmore. Over the past 5 years, ESIGX returned 7.04%/yr vs -3.65%/yr for ESFIX. At a 0.18 correlation, their price movements are largely independent. ESIGX charges 1.17%/yr vs 0.65%/yr for ESFIX.

Performance

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

Returns By Period

In the year-to-date period, ESIGX achieves a 30.57% return, which is significantly higher than ESFIX's 2.06% return.

ESIGX

• 1D: 2.37%
• 1M: 6.22%
• YTD: 30.57%
• 6M: 33.26%
• 1Y: 61.31%
• 3Y*: 22.57%
• 5Y*: 7.04%
• 10Y*: —

ESFIX

• 1D: 0.17%
• 1M: 0.59%
• YTD: 2.06%
• 6M: 2.27%
• 1Y: 5.84%
• 3Y*: 9.80%
• 5Y*: -3.65%
• 10Y*: -1.16%

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

ESIGX vs. ESFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ESIGX Ashmore Emerging Markets Equity ESG Fund	30.57%	34.35%	7.96%	10.61%	-27.17%	-1.02%	45.70%
ESFIX Ashmore Emerging Markets Short Duration Fund	2.06%	7.09%	7.94%	13.03%	-21.54%	-18.83%	-2.31%

Correlation

The correlation between ESIGX and ESFIX 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	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Feb 26, 2020	0.18

The correlation between ESIGX and ESFIX shifts across timeframes, from 0.04 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ESIGX vs. ESFIX — Risk / Return Rank

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

ESIGX

ESIGX Risk / Return Rank: 90
ESIGX Sharpe Ratio Rank: 95
ESIGX Sortino Ratio Rank: 87
ESIGX Omega Ratio Rank: 86
ESIGX Calmar Ratio Rank: 91
ESIGX Martin Ratio Rank: 91

ESFIX

ESFIX Risk / Return Rank: 15
ESFIX Sharpe Ratio Rank: 9
ESFIX Sortino Ratio Rank: 9
ESFIX Omega Ratio Rank: 25
ESFIX Calmar Ratio Rank: 14
ESFIX Martin Ratio Rank: 19

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.

ESIGX vs. ESFIX - 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 Short Duration Fund (ESFIX). 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	ESFIX	Difference
Sharpe ratio: Return per unit of total volatility	3.10	0.67	+2.43
Sortino ratio: Return per unit of downside risk	3.88	1.09	+2.79
Omega ratio: Gain probability vs. loss probability	1.55	1.24	+0.31
Calmar ratio: Return relative to maximum drawdown	4.53	1.25	+3.28
Martin ratio: Return relative to average drawdown	16.87	4.56	+12.31

ESIGX vs. ESFIX - Sharpe Ratio Comparison

The current ESIGX Sharpe Ratio is 3.10, which is higher than the ESFIX Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of ESIGX and ESFIX, 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. ESFIX - Drawdown Comparison

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

Drawdown Indicators

	ESIGX	ESFIX	Difference
Max Drawdown Largest peak-to-trough decline	-47.21%	-48.22%	+1.01%
Max Drawdown (1Y) Largest decline over 1 year	-13.34%	-4.86%	-8.48%
Max Drawdown (3Y) Largest decline over 3 years	-20.59%	-5.18%	-15.41%
Max Drawdown (5Y) Largest decline over 5 years	-44.76%	-42.36%	-2.40%
Max Drawdown (10Y) Largest decline over 10 years	—	-48.22%	—
Current Drawdown Current decline from peak	0.00%	-24.63%	+24.63%
Average Drawdown Average peak-to-trough decline	-19.69%	-16.97%	-2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	1.33%	+2.24%

Volatility

ESIGX vs. ESFIX - Volatility Comparison

Ashmore Emerging Markets Equity ESG Fund (ESIGX) has a higher volatility of 9.18% compared to Ashmore Emerging Markets Short Duration Fund (ESFIX) at 0.82%. This indicates that ESIGX's price experiences larger fluctuations and is considered to be riskier than ESFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESIGX	ESFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.18%	0.82%	+8.36%
Volatility (6M) Calculated over the trailing 6-month period	16.87%	8.33%	+8.54%
Volatility (1Y) Calculated over the trailing 1-year period	19.47%	9.05%	+10.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.23%	8.23%	+11.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.88%	8.32%	+13.56%

ESIGX vs. ESFIX - Expense Ratio Comparison

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

Dividends

ESIGX vs. ESFIX - Dividend Comparison

ESIGX's dividend yield for the trailing twelve months is around 1.33%, less than ESFIX's 6.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ESFIX Ashmore Emerging Markets Short Duration Fund	6.87%	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	1.33%	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 ESFIX in my portfolio?

ESIGX and ESFIX 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, ESIGX or ESFIX?

ESIGX has higher volatility (9.18%) compared to ESFIX (0.82%). In terms of maximum drawdown, ESIGX dropped -47.21% vs ESFIX's -48.22%.

Which has better risk-adjusted returns?

ESIGX currently has the higher Sharpe Ratio (3.10 vs 0.67), 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.