AOTIX vs. RLEMX
AOTIX (Virtus Emerging Markets Opportunities Fund) and RLEMX (Lazard Emerging Markets Equity Portfolio Class R6) are both Emerging Markets Equities funds. Over the past 10 years, AOTIX returned 9.36%/yr vs 9.84%/yr for RLEMX. Their correlation of 0.86 means they have usually moved in the same direction. AOTIX charges 0.94%/yr vs 1.38%/yr for RLEMX.
Performance
AOTIX vs. RLEMX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with AOTIX having a 24.14% return and RLEMX slightly lower at 24.08%. Over the past 10 years, AOTIX has underperformed RLEMX with an annualized return of 9.36%, while RLEMX has yielded a comparatively higher 9.84% annualized return.
AOTIX
- 1D
- 4.06%
- 1M
- -3.61%
- 6M
- 11.12%
- YTD
- 24.14%
- 1Y
- 46.83%
- 3Y*
- 19.94%
- 5Y*
- 7.99%
- 10Y*
- 9.36%
- ALL TIME*
- 9.36%
RLEMX
- 1D
- 2.12%
- 1M
- 2.22%
- 6M
- 13.36%
- YTD
- 24.08%
- 1Y
- 46.85%
- 3Y*
- 25.12%
- 5Y*
- 14.34%
- 10Y*
- 9.84%
- ALL TIME*
- 11.56%
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 |
AOTIX vs. RLEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOTIX Virtus Emerging Markets Opportunities Fund | 24.14% | 29.73% | 5.44% | 17.83% | -22.10% | -0.26% | 20.78% | 17.66% | -16.62% | 38.37% |
RLEMX Lazard Emerging Markets Equity Portfolio Class R6 | 24.08% | 41.38% | 7.60% | 22.42% | -14.86% | 5.43% | -0.02% | 17.99% | -18.11% | 28.02% |
Correlation
The correlation between AOTIX and RLEMX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.86 |
The correlation between AOTIX and RLEMX has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
AOTIX vs. RLEMX — Risk / Return Rank
AOTIX
RLEMX
AOTIX vs. RLEMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Emerging Markets Opportunities Fund (AOTIX) and Lazard Emerging Markets Equity Portfolio Class R6 (RLEMX). 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.
| AOTIX | RLEMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.52 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 4.18 | -1.01 |
| Martin ratioReturn relative to average drawdown | 9.98 | 14.19 | -4.20 |
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Drawdowns
AOTIX vs. RLEMX - Drawdown Comparison
The maximum AOTIX drawdown since its inception was -68.42%, which is greater than RLEMX's maximum drawdown of -44.12%. Use the drawdown chart below to compare losses from any high point for AOTIX and RLEMX.
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Drawdown Indicators
| AOTIX | RLEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.42% | -44.12% | -24.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.92% | -10.41% | -3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -17.76% | -14.25% | -3.51% |
Max Drawdown (5Y)Largest decline over 5 years | -34.86% | -29.17% | -5.69% |
Max Drawdown (10Y)Largest decline over 10 years | -38.05% | -44.12% | +6.07% |
Current DrawdownCurrent decline from peak | -10.43% | -2.25% | -8.18% |
Average DrawdownAverage peak-to-trough decline | -18.57% | -10.36% | -8.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.42% | 3.07% | +1.35% |
Volatility
AOTIX vs. RLEMX - Volatility Comparison
Virtus Emerging Markets Opportunities Fund (AOTIX) has a higher volatility of 8.80% compared to Lazard Emerging Markets Equity Portfolio Class R6 (RLEMX) at 5.13%. This indicates that AOTIX's price experiences larger fluctuations and is considered to be riskier than RLEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOTIX | RLEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 5.13% | +3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 20.11% | 12.94% | +7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.33% | 14.84% | +7.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.33% | 14.60% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 16.39% | +1.45% |
AOTIX vs. RLEMX - Expense Ratio Comparison
AOTIX has a 0.94% expense ratio, which is lower than RLEMX's 1.38% expense ratio.
Dividends
AOTIX vs. RLEMX - Dividend Comparison
AOTIX's dividend yield for the trailing twelve months is around 2.68%, more than RLEMX's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOTIX Virtus Emerging Markets Opportunities Fund | 2.68% | 3.33% | 6.13% | 3.48% | 3.15% | 1.94% | 1.40% | 2.37% | 2.81% | 1.60% | 1.91% | 1.10% |
RLEMX Lazard Emerging Markets Equity Portfolio Class R6 | 1.65% | 2.05% | 3.10% | 3.76% | 5.92% | 4.89% | 2.11% | 2.45% | 2.10% | 1.99% | 1.48% | 0.00% |
Frequently Asked Questions
AOTIX and RLEMX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOTIX has higher volatility (8.80%) compared to RLEMX (5.13%). In terms of maximum drawdown, AOTIX dropped -68.42% vs RLEMX's -44.12%.
RLEMX currently has the higher Sharpe Ratio (2.94 vs 1.98), 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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