GMAQX vs. EFEIX
Compare and contrast key facts about GMO Emerging Markets ex-China Fund (GMAQX) and Ashmore Emerging Markets Frontier Equity Fund (EFEIX).
GMAQX is managed by GMO. It was launched on Oct 17, 2021. EFEIX is managed by Ashmore. It was launched on Nov 3, 2013.
Performance
GMAQX vs. EFEIX - Performance Comparison
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GMAQX vs. EFEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GMAQX GMO Emerging Markets ex-China Fund | 5.07% | 32.09% | 0.62% | 27.41% | -32.38% | 0.47% |
EFEIX Ashmore Emerging Markets Frontier Equity Fund | -4.81% | 20.69% | 24.12% | 10.60% | -15.91% | -0.87% |
Returns By Period
In the year-to-date period, GMAQX achieves a 5.07% return, which is significantly higher than EFEIX's -4.81% return.
GMAQX
- 1D
- -1.01%
- 1M
- -13.26%
- YTD
- 5.07%
- 6M
- 14.82%
- 1Y
- 40.47%
- 3Y*
- 19.08%
- 5Y*
- —
- 10Y*
- —
EFEIX
- 1D
- -0.39%
- 1M
- -10.76%
- YTD
- -4.81%
- 6M
- -1.64%
- 1Y
- 12.63%
- 3Y*
- 15.99%
- 5Y*
- 9.66%
- 10Y*
- 6.72%
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GMAQX vs. EFEIX - Expense Ratio Comparison
GMAQX has a 0.67% expense ratio, which is lower than EFEIX's 1.52% expense ratio.
Return for Risk
GMAQX vs. EFEIX — Risk / Return Rank
GMAQX
EFEIX
GMAQX vs. EFEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Emerging Markets ex-China Fund (GMAQX) and Ashmore Emerging Markets Frontier Equity Fund (EFEIX). 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.
| GMAQX | EFEIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.36 | 1.00 | +1.36 |
Sortino ratioReturn per unit of downside risk | 2.88 | 1.36 | +1.52 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.19 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 2.73 | 1.03 | +1.70 |
Martin ratioReturn relative to average drawdown | 10.91 | 3.59 | +7.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GMAQX | EFEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 1.00 | +1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.00 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.36 | -0.08 |
Correlation
The correlation between GMAQX and EFEIX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GMAQX vs. EFEIX - Dividend Comparison
GMAQX's dividend yield for the trailing twelve months is around 8.97%, less than EFEIX's 11.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GMAQX GMO Emerging Markets ex-China Fund | 8.97% | 9.43% | 32.28% | 6.76% | 4.94% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EFEIX Ashmore Emerging Markets Frontier Equity Fund | 11.96% | 11.69% | 2.15% | 2.26% | 0.17% | 1.61% | 0.96% | 1.63% | 1.44% | 0.88% | 0.38% |
Drawdowns
GMAQX vs. EFEIX - Drawdown Comparison
The maximum GMAQX drawdown since its inception was -41.97%, roughly equal to the maximum EFEIX drawdown of -40.50%. Use the drawdown chart below to compare losses from any high point for GMAQX and EFEIX.
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Drawdown Indicators
| GMAQX | EFEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.97% | -40.50% | -1.47% |
Max Drawdown (1Y)Largest decline over 1 year | -13.77% | -11.62% | -2.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.50% | — |
Current DrawdownCurrent decline from peak | -13.77% | -11.62% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -17.31% | -12.38% | -4.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 3.32% | +0.12% |
Volatility
GMAQX vs. EFEIX - Volatility Comparison
GMO Emerging Markets ex-China Fund (GMAQX) has a higher volatility of 8.61% compared to Ashmore Emerging Markets Frontier Equity Fund (EFEIX) at 6.28%. This indicates that GMAQX's price experiences larger fluctuations and is considered to be riskier than EFEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMAQX | EFEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.61% | 6.28% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 8.74% | +4.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.98% | 12.26% | +4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.92% | 9.69% | +6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.92% | 10.93% | +4.99% |