SEDAX vs. EMCIX
SEDAX (SEI Institutional Investments Trust Emerging Markets Debt Fund) and EMCIX (Ashmore Emerging Markets Corporate Income Fund) are both Emerging Markets Bonds funds. Over the past 10 years, SEDAX returned 3.92%/yr vs 2.20%/yr for EMCIX. Their 0.57 correlation means they have sometimes moved together and sometimes differently. SEDAX charges 0.41%/yr vs 1.01%/yr for EMCIX.
Performance
SEDAX vs. EMCIX - Performance Comparison
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Returns By Period
In the year-to-date period, SEDAX achieves a 3.95% return, which is significantly higher than EMCIX's 2.88% return. Over the past 10 years, SEDAX has outperformed EMCIX with an annualized return of 3.92%, while EMCIX has yielded a comparatively lower 2.20% annualized return.
SEDAX
- 1D
- 0.32%
- 1M
- -0.51%
- 6M
- 1.32%
- YTD
- 3.95%
- 1Y
- 12.97%
- 3Y*
- 9.56%
- 5Y*
- 3.75%
- 10Y*
- 3.92%
- ALL TIME*
- 3.26%
EMCIX
- 1D
- -0.18%
- 1M
- -0.15%
- 6M
- 1.37%
- YTD
- 2.88%
- 1Y
- 5.86%
- 3Y*
- 8.57%
- 5Y*
- -1.45%
- 10Y*
- 2.20%
- ALL TIME*
- 0.00%
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 |
SEDAX vs. EMCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEDAX SEI Institutional Investments Trust Emerging Markets Debt Fund | 3.95% | 20.33% | 3.13% | 12.86% | -14.53% | -4.93% | 4.68% | 15.55% | -8.11% | 15.32% |
EMCIX Ashmore Emerging Markets Corporate Income Fund | 2.88% | 8.81% | 8.28% | 6.01% | -22.35% | -6.47% | 7.34% | 11.08% | -3.92% | 13.02% |
Correlation
The correlation between SEDAX and EMCIX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2010 | 0.57 |
Over the past year, the correlation between SEDAX and EMCIX has dropped to 0.36 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
SEDAX vs. EMCIX — Risk / Return Rank
SEDAX
EMCIX
SEDAX vs. EMCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Emerging Markets Debt Fund (SEDAX) and Ashmore Emerging Markets Corporate Income Fund (EMCIX). 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.
| SEDAX | EMCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.34 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 1.90 | +0.49 |
| Martin ratioReturn relative to average drawdown | 9.45 | 7.39 | +2.06 |
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Drawdowns
SEDAX vs. EMCIX - Drawdown Comparison
The maximum SEDAX drawdown since its inception was -37.03%, roughly equal to the maximum EMCIX drawdown of -36.20%. Use the drawdown chart below to compare losses from any high point for SEDAX and EMCIX.
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Drawdown Indicators
| SEDAX | EMCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.03% | -36.20% | -0.83% |
Max Drawdown (1Y)Largest decline over 1 year | -5.49% | -3.10% | -2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -8.17% | -4.02% | -4.15% |
Max Drawdown (5Y)Largest decline over 5 years | -26.86% | -35.82% | +8.96% |
Max Drawdown (10Y)Largest decline over 10 years | -27.25% | -36.20% | +8.95% |
Current DrawdownCurrent decline from peak | -1.03% | -8.53% | +7.50% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -13.52% | +6.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 0.79% | +0.60% |
Volatility
SEDAX vs. EMCIX - Volatility Comparison
The current volatility for SEI Institutional Investments Trust Emerging Markets Debt Fund (SEDAX) is 1.18%, while Ashmore Emerging Markets Corporate Income Fund (EMCIX) has a volatility of 1.69%. This indicates that SEDAX experiences smaller price fluctuations and is considered to be less risky than EMCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEDAX | EMCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.69% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 5.11% | 2.61% | +2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.80% | 5.63% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 5.72% | +1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.38% | 6.07% | +2.31% |
SEDAX vs. EMCIX - Expense Ratio Comparison
SEDAX has a 0.41% expense ratio, which is lower than EMCIX's 1.01% expense ratio.
Dividends
SEDAX vs. EMCIX - Dividend Comparison
SEDAX's dividend yield for the trailing twelve months is around 8.61%, less than EMCIX's 9.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMCIX Ashmore Emerging Markets Corporate Income Fund | 9.59% | 7.69% | 4.92% | 5.23% | 6.67% | 4.28% | 5.13% | 6.62% | 6.62% | 4.89% | 0.00% | 0.00% |
SEDAX SEI Institutional Investments Trust Emerging Markets Debt Fund | 8.61% | 7.30% | 7.24% | 4.65% | 2.08% | 4.69% | 1.52% | 3.75% | 3.17% | 4.70% | 3.59% | 1.00% |
Frequently Asked Questions
SEDAX and EMCIX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMCIX has higher volatility (1.69%) compared to SEDAX (1.18%). In terms of maximum drawdown, SEDAX dropped -37.03% vs EMCIX's -36.20%.
SEDAX currently has the higher Sharpe Ratio (2.27 vs 1.05), 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.
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