PRMSX vs. ESCIX
PRMSX (T. Rowe Price Emerging Markets Stock Fund) and ESCIX (Ashmore Emerging Markets Small Cap Equity Fund) are both Emerging Markets Equities funds. Over the past 10 years, PRMSX returned 6.31%/yr vs 9.13%/yr for ESCIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. PRMSX charges 1.20%/yr vs 1.52%/yr for ESCIX.
Performance
PRMSX vs. ESCIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PRMSX achieves a 18.98% return, which is significantly higher than ESCIX's 8.91% return. Over the past 10 years, PRMSX has underperformed ESCIX with an annualized return of 6.31%, while ESCIX has yielded a comparatively higher 9.13% annualized return.
PRMSX
- 1D
- 4.15%
- 1M
- -3.43%
- 6M
- 10.16%
- YTD
- 18.98%
- 1Y
- 43.01%
- 3Y*
- 13.55%
- 5Y*
- 2.74%
- 10Y*
- 6.31%
- ALL TIME*
- 7.18%
ESCIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.50%
- YTD
- 8.91%
- 1Y
- 23.63%
- 3Y*
- 13.53%
- 5Y*
- 4.21%
- 10Y*
- 9.13%
- ALL TIME*
- 6.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRMSX vs. ESCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRMSX T. Rowe Price Emerging Markets Stock Fund | 18.98% | 32.46% | -1.72% | 2.08% | -23.35% | -10.47% | 17.63% | 26.51% | -16.20% | 42.27% |
ESCIX Ashmore Emerging Markets Small Cap Equity Fund | 8.91% | 26.07% | 3.55% | 19.64% | -24.45% | 11.93% | 43.41% | 15.24% | -22.01% | 28.57% |
Correlation
The correlation between PRMSX and ESCIX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2011 | 0.74 |
Over the past year, the correlation between PRMSX and ESCIX has dropped to 0.44 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PRMSX vs. ESCIX — Risk / Return Rank
PRMSX
ESCIX
PRMSX vs. ESCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Emerging Markets Stock Fund (PRMSX) 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.
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.
| PRMSX | ESCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.53 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 3.92 | -1.14 |
| Martin ratioReturn relative to average drawdown | 9.15 | 17.72 | -8.57 |
Loading charts...
Drawdowns
PRMSX vs. ESCIX - Drawdown Comparison
The maximum PRMSX drawdown since its inception was -71.13%, which is greater than ESCIX's maximum drawdown of -48.76%. Use the drawdown chart below to compare losses from any high point for PRMSX and ESCIX.
Loading charts...
Drawdown Indicators
| PRMSX | ESCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.13% | -48.76% | -22.37% |
Max Drawdown (1Y)Largest decline over 1 year | -14.52% | -5.70% | -8.82% |
Max Drawdown (3Y)Largest decline over 3 years | -16.47% | -19.97% | +3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -40.28% | -36.59% | -3.69% |
Max Drawdown (10Y)Largest decline over 10 years | -46.28% | -48.76% | +2.48% |
Current DrawdownCurrent decline from peak | -10.97% | -0.74% | -10.23% |
Average DrawdownAverage peak-to-trough decline | -21.04% | -13.21% | -7.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | 1.49% | +2.91% |
Volatility
PRMSX vs. ESCIX - Volatility Comparison
T. Rowe Price Emerging Markets Stock Fund (PRMSX) has a higher volatility of 10.68% compared to Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) at 0.00%. This indicates that PRMSX'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 charts...
Volatility by Period
| PRMSX | ESCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.68% | 0.00% | +10.68% |
Volatility (6M)Calculated over the trailing 6-month period | 22.65% | 5.66% | +16.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.60% | 10.28% | +14.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.12% | 15.57% | +3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.11% | 17.48% | +1.63% |
PRMSX vs. ESCIX - Expense Ratio Comparison
PRMSX has a 1.20% expense ratio, which is lower than ESCIX's 1.52% expense ratio.
Dividends
PRMSX vs. ESCIX - Dividend Comparison
PRMSX's dividend yield for the trailing twelve months is around 0.48%, more than ESCIX's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
PRMSX T. Rowe Price Emerging Markets Stock Fund | 0.48% | 0.57% | 0.35% | 1.09% | 1.17% | 8.26% | 0.49% | 1.24% | 0.61% | 0.18% | 0.69% | 0.56% |
Frequently Asked Questions
PRMSX and ESCIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRMSX has higher volatility (10.68%) compared to ESCIX (0.00%). In terms of maximum drawdown, PRMSX dropped -71.13% vs ESCIX's -48.76%.
ESCIX currently has the higher Sharpe Ratio (2.17 vs 1.64), 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.
Find the right allocation for PRMSX and ESCIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer