GMAQX vs. ESCIX
Compare and contrast key facts about GMO Emerging Markets ex-China Fund (GMAQX) and Ashmore Emerging Markets Small Cap Equity Fund (ESCIX).
GMAQX is managed by GMO. It was launched on Oct 17, 2021. ESCIX is managed by Ashmore. It was launched on Oct 3, 2011.
Performance
GMAQX vs. ESCIX - Performance Comparison
Loading graphics...
GMAQX vs. ESCIX - 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% |
ESCIX Ashmore Emerging Markets Small Cap Equity Fund | 8.91% | 26.07% | 3.55% | 19.64% | -24.45% | -3.51% |
Returns By Period
In the year-to-date period, GMAQX achieves a 5.07% return, which is significantly lower than ESCIX's 8.91% return.
GMAQX
- 1D
- -1.01%
- 1M
- -13.26%
- YTD
- 5.07%
- 6M
- 14.82%
- 1Y
- 40.47%
- 3Y*
- 19.08%
- 5Y*
- —
- 10Y*
- —
ESCIX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 8.91%
- 6M
- 13.79%
- 1Y
- 41.15%
- 3Y*
- 16.77%
- 5Y*
- 5.75%
- 10Y*
- 9.84%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GMAQX vs. ESCIX - Expense Ratio Comparison
GMAQX has a 0.67% expense ratio, which is lower than ESCIX's 1.52% expense ratio.
Return for Risk
GMAQX vs. ESCIX — Risk / Return Rank
GMAQX
ESCIX
GMAQX vs. ESCIX - 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 Small Cap Equity Fund (ESCIX). 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 | ESCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.36 | 2.59 | -0.23 |
Sortino ratioReturn per unit of downside risk | 2.88 | 3.42 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.53 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.47 | +0.26 |
Martin ratioReturn relative to average drawdown | 10.91 | 14.33 | -3.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| GMAQX | ESCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 2.59 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.37 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.39 | -0.11 |
Correlation
The correlation between GMAQX and ESCIX is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GMAQX vs. ESCIX - Dividend Comparison
GMAQX's dividend yield for the trailing twelve months is around 8.97%, more than ESCIX's 0.42% 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% |
ESCIX Ashmore Emerging Markets Small Cap Equity Fund | 0.42% | 0.91% | 0.00% | 0.56% | 0.60% | 0.00% | 0.00% | 0.13% | 0.11% | 1.66% | 1.16% |
Drawdowns
GMAQX vs. ESCIX - Drawdown Comparison
The maximum GMAQX drawdown since its inception was -41.97%, smaller than the maximum ESCIX drawdown of -48.76%. Use the drawdown chart below to compare losses from any high point for GMAQX and ESCIX.
Loading graphics...
Drawdown Indicators
| GMAQX | ESCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.97% | -48.76% | +6.79% |
Max Drawdown (1Y)Largest decline over 1 year | -13.77% | -12.84% | -0.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.76% | — |
Current DrawdownCurrent decline from peak | -13.77% | -0.74% | -13.03% |
Average DrawdownAverage peak-to-trough decline | -17.31% | -13.45% | -3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 2.49% | +0.95% |
Volatility
GMAQX vs. ESCIX - Volatility Comparison
GMO Emerging Markets ex-China Fund (GMAQX) has a higher volatility of 8.61% compared to Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) at 0.00%. This indicates that GMAQX's price experiences larger fluctuations and is considered to be riskier than ESCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| GMAQX | ESCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.61% | 0.00% | +8.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 8.91% | +3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.98% | 15.75% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.92% | 15.86% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.92% | 17.64% | -1.72% |