IGIEX vs. EMQIX

Last updated Aug 1, 2026

IGIEX (Ashmore Emerging Markets Investment Grade Income Fund) and EMQIX (Ashmore Emerging Markets Active Equity Fund) are both mutual funds - IGIEX is a Emerging Markets Bonds fund managed by Ashmore, while EMQIX is a Emerging Markets Equities fund managed by Ashmore. Their 0.30 correlation means their historical movements had little consistent relationship. IGIEX charges 0.72%/yr vs 1.02%/yr for EMQIX.

Performance

IGIEX vs. EMQIX - Performance Comparison

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

Returns By Period

IGIEX

• 1D: -0.33%
• 1M: -1.16%
• 6M: 1.43%
• YTD: 2.85%
• 1Y: 11.44%
• 3Y*: 10.49%
• 5Y*: 2.80%
• 10Y*: —
• ALL TIME*: 3.29%

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)
IGIEX Ashmore Emerging Markets Investment Grade Income Fund	$0.00	$0.00	$0.00

IGIEX vs. EMQIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IGIEX Ashmore Emerging Markets Investment Grade Income Fund	2.85%	18.29%	6.74%	7.76%	-16.44%	-2.75%	6.18%
EMQIX Ashmore Emerging Markets Active Equity Fund	13.16%	32.62%	10.11%	5.11%	-24.36%	-3.93%	21.78%

Correlation

The correlation between IGIEX and EMQIX is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (3Y) Balances recent behavior with more history.	0.34
Correlation (5Y) Shows whether the relationship held over a longer period.	0.31
Correlation (All Time) Calculated using the full available price history since Oct 5, 2020	0.30

The correlation between IGIEX and EMQIX shifts across timeframes, from 0.30 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

IGIEX vs. EMQIX — Risk / Return Rank

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

IGIEX

IGIEX Risk / Return Rank: 91
IGIEX Sharpe Ratio Rank: 93
IGIEX Sortino Ratio Rank: 95
IGIEX Omega Ratio Rank: 90
IGIEX Calmar Ratio Rank: 88
IGIEX Martin Ratio Rank: 90

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.

IGIEX vs. EMQIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ashmore Emerging Markets Investment Grade Income Fund (IGIEX) 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.

	IGIEX	EMQIX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	—	—
Sortino ratio: Return per unit of downside risk	3.98	—	—
Omega ratio: Gain probability vs. loss probability	1.49	—	—
Calmar ratio: Return relative to maximum drawdown	3.26	—	—
Martin ratio: Return relative to average drawdown	12.60	—	—

Drawdowns

Drawdown Indicators

	IGIEX	EMQIX	Difference
Max Drawdown Largest peak-to-trough decline	-25.61%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.60%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.51%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.61%	—	—
Current Drawdown Current decline from peak	-1.70%	—	—
Average Drawdown Average peak-to-trough decline	-8.39%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	—	—

Volatility

Volatility by Period

	IGIEX	EMQIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.60%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.83%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.64%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.36%	—	—

IGIEX vs. EMQIX - Expense Ratio Comparison

IGIEX has a 0.72% expense ratio, which is lower than EMQIX's 1.02% expense ratio.

Dividends

IGIEX vs. EMQIX - Dividend Comparison

IGIEX's dividend yield for the trailing twelve months is around 5.69%, more 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%
IGIEX Ashmore Emerging Markets Investment Grade Income Fund	5.69%	7.40%	6.42%	4.00%	3.19%	2.31%	0.82%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IGIEX and EMQIX in my portfolio?

IGIEX and EMQIX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.