IGIEX vs. ESDIX

Last updated Jun 23, 2026

IGIEX (Ashmore Emerging Markets Investment Grade Income Fund) and ESDIX (Ashmore Emerging Markets Short Duration Select Fund) are both Emerging Markets Bonds funds from Ashmore. A 0.56 correlation means they provide meaningful diversification when combined. IGIEX charges 0.72%/yr vs 0.67%/yr for ESDIX.

Performance

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

Returns By Period

IGIEX

• 1D: 0.35%
• 1M: 1.68%
• YTD: 4.63%
• 6M: 4.63%
• 1Y: 17.17%
• 3Y*: 11.39%
• 5Y*: 3.25%
• 10Y*: —

ESDIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IGIEX vs. ESDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IGIEX Ashmore Emerging Markets Investment Grade Income Fund	4.63%	18.29%	6.74%	7.76%	-16.44%	-2.75%	6.18%
ESDIX Ashmore Emerging Markets Short Duration Select Fund	0.00%	1.54%	6.15%	5.31%	-9.66%	-4.21%	2.48%

Correlation

The correlation between IGIEX and ESDIX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Oct 5, 2020	0.56

The correlation between IGIEX and ESDIX has been stable across timeframes, ranging from 0.49 to 0.57 - a consistent structural relationship.

Return for Risk

IGIEX vs. ESDIX — Risk / Return Rank

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

IGIEX

IGIEX Risk / Return Rank: 96
IGIEX Sharpe Ratio Rank: 98
IGIEX Sortino Ratio Rank: 98
IGIEX Omega Ratio Rank: 95
IGIEX Calmar Ratio Rank: 93
IGIEX Martin Ratio Rank: 95

ESDIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

IGIEX vs. ESDIX - 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 Short Duration Select Fund (ESDIX). 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	ESDIX	Difference
Sharpe ratio: Return per unit of total volatility	3.57	—	—
Sortino ratio: Return per unit of downside risk	5.92	—	—
Omega ratio: Gain probability vs. loss probability	1.75	—	—
Calmar ratio: Return relative to maximum drawdown	4.89	—	—
Martin ratio: Return relative to average drawdown	19.79	—	—

Drawdowns

Drawdown Indicators

	IGIEX	ESDIX	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	-8.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.61%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-8.53%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.89%	—	—

Volatility

Volatility by Period

	IGIEX	ESDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.93%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.62%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.39%	—	—

IGIEX vs. ESDIX - Expense Ratio Comparison

IGIEX has a 0.72% expense ratio, which is higher than ESDIX's 0.67% expense ratio.

Dividends

IGIEX vs. ESDIX - Dividend Comparison

IGIEX's dividend yield for the trailing twelve months is around 5.94%, while ESDIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
ESDIX Ashmore Emerging Markets Short Duration Select Fund	0.00%	0.39%	4.79%	3.39%	2.50%	2.60%	0.31%
IGIEX Ashmore Emerging Markets Investment Grade Income Fund	5.94%	7.40%	6.42%	4.00%	3.19%	2.31%	0.82%

Frequently Asked Questions

Can I hold both IGIEX and ESDIX in my portfolio?

IGIEX and ESDIX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.