AVEE vs. EMKT

Last updated Jun 5, 2026

AVEE (Avantis Emerging Markets Small Cap Equity ETF) and EMKT (Lazard Emerging Markets Opportunities ETF) are both Emerging Markets Diversified funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. AVEE charges 0.42%/yr vs 0.74%/yr for EMKT.

Performance

AVEE vs. EMKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Emerging Markets Small Cap Equity ETF (AVEE) and Lazard Emerging Markets Opportunities ETF (EMKT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVEE achieves a 14.52% return, which is significantly lower than EMKT's 29.02% return.

AVEE

• 1D: 0.61%
• 1M: -0.58%
• YTD: 14.52%
• 6M: 15.13%
• 1Y: 25.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMKT

• 1D: -0.77%
• 1M: 8.13%
• YTD: 29.02%
• 6M: 30.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVEE vs. EMKT - Yearly Performance Comparison

	2026 (YTD)	2025
AVEE Avantis Emerging Markets Small Cap Equity ETF	14.52%	-2.00%
EMKT Lazard Emerging Markets Opportunities ETF	29.02%	-1.29%

Correlation

The correlation between AVEE and EMKT is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025	0.82

Return for Risk

AVEE vs. EMKT — Risk / Return Rank

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

AVEE

AVEE Risk / Return Rank: 46
AVEE Sharpe Ratio Rank: 46
AVEE Sortino Ratio Rank: 44
AVEE Omega Ratio Rank: 45
AVEE Calmar Ratio Rank: 50
AVEE Martin Ratio Rank: 48

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.

AVEE vs. EMKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Small Cap Equity ETF (AVEE) and Lazard Emerging Markets Opportunities ETF (EMKT). 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.

	AVEE	EMKT	Difference
Sharpe ratio: Return per unit of total volatility	1.55	—	—
Sortino ratio: Return per unit of downside risk	2.16	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.44	—	—
Martin ratio: Return relative to average drawdown	7.81	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AVEE	EMKT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	2.22	-1.16

Drawdowns

AVEE vs. EMKT - Drawdown Comparison

The maximum AVEE drawdown since its inception was -20.21%, which is greater than EMKT's maximum drawdown of -14.21%. Use the drawdown chart below to compare losses from any high point for AVEE and EMKT.

Drawdown Indicators

	AVEE	EMKT	Difference
Max Drawdown Largest peak-to-trough decline	-20.21%	-14.21%	-6.00%
Max Drawdown (1Y) Largest decline over 1 year	-10.65%	—	—
Current Drawdown Current decline from peak	-1.97%	-2.21%	+0.24%
Average Drawdown Average peak-to-trough decline	-3.67%	-3.04%	-0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	—	—

Volatility

Volatility by Period

	AVEE	EMKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.75%	22.42%	-5.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	22.42%	-5.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.61%	22.42%	-5.81%

AVEE vs. EMKT - Expense Ratio Comparison

AVEE has a 0.42% expense ratio, which is lower than EMKT's 0.74% expense ratio.

Dividends

AVEE vs. EMKT - Dividend Comparison

AVEE's dividend yield for the trailing twelve months is around 2.02%, while EMKT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
AVEE Avantis Emerging Markets Small Cap Equity ETF	2.02%	2.25%	3.26%	0.39%
EMKT Lazard Emerging Markets Opportunities ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVEE and EMKT in my portfolio?

AVEE and EMKT 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.

Which ETF is better, AVEE or EMKT?

On fees, AVEE is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVEE or EMKT?

AVEE is cheaper with a 0.42% expense ratio, compared with 0.74% for EMKT.

Which ETF pays a higher dividend yield, AVEE or EMKT?

AVEE has the higher dividend yield at 2.02%, compared with 0.00% for EMKT.

What is the main difference between AVEE and EMKT?

They also come from different issuers: Avantis and Lazard. Their fees differ too: 0.42% for AVEE and 0.74% for EMKT.