DIEM vs. EMKT

Last updated Jun 4, 2026

DIEM (Franklin Emerging Market Core Dividend Tilt Index ETF) and EMKT (Lazard Emerging Markets Opportunities ETF) are both Emerging Markets Diversified funds. DIEM is passively managed, while EMKT is actively managed. Their correlation of 0.94 suggests significant overlap in exposure. DIEM charges 0.19%/yr vs 0.74%/yr for EMKT.

Performance

DIEM vs. EMKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) 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, DIEM achieves a 32.78% return, which is significantly higher than EMKT's 30.02% return.

DIEM

• 1D: -1.37%
• 1M: 12.08%
• YTD: 32.78%
• 6M: 35.57%
• 1Y: 60.54%
• 3Y*: 28.35%
• 5Y*: 11.49%
• 10Y*: —

EMKT

• 1D: -1.45%
• 1M: 11.71%
• YTD: 30.02%
• 6M: 31.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DIEM vs. EMKT - Yearly Performance Comparison

	2026 (YTD)	2025
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	32.78%	1.15%
EMKT Lazard Emerging Markets Opportunities ETF	30.02%	-1.29%

Correlation

The correlation between DIEM and EMKT is 0.94, 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	0.94

Return for Risk

DIEM vs. EMKT — Risk / Return Rank

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

DIEM

DIEM Risk / Return Rank: 90
DIEM Sharpe Ratio Rank: 92
DIEM Sortino Ratio Rank: 90
DIEM Omega Ratio Rank: 92
DIEM Calmar Ratio Rank: 87
DIEM Martin Ratio Rank: 89

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.

DIEM vs. EMKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) 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.

	DIEM	EMKT	Difference
Sharpe ratio Return per unit of total volatility	3.35	—	—
Sortino ratio Return per unit of downside risk	4.26	—	—
Omega ratio Gain probability vs. loss probability	1.62	—	—
Calmar ratio Return relative to maximum drawdown	4.93	—	—
Martin ratio Return relative to average drawdown	20.34	—	—
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

	DIEM	EMKT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.35	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	2.33	-1.78

Drawdowns

DIEM vs. EMKT - Drawdown Comparison

The maximum DIEM drawdown since its inception was -38.61%, which is greater than EMKT's maximum drawdown of -14.21%. Use the drawdown chart below to compare losses from any high point for DIEM and EMKT.

Drawdown Indicators

	DIEM	EMKT	Difference
Max Drawdown Largest peak-to-trough decline	-38.61%	-14.21%	-24.40%
Max Drawdown (1Y) Largest decline over 1 year	-12.33%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.34%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.61%	—	—
Current Drawdown Current decline from peak	-1.37%	-1.45%	+0.08%
Average Drawdown Average peak-to-trough decline	-9.72%	-3.04%	-6.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	—	—

Volatility

Volatility by Period

	DIEM	EMKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.17%	22.46%	-4.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.93%	22.46%	-5.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.59%	22.46%	-4.87%

DIEM vs. EMKT - Expense Ratio Comparison

DIEM has a 0.19% expense ratio, which is lower than EMKT's 0.74% expense ratio.

Dividends

DIEM vs. EMKT - Dividend Comparison

DIEM's dividend yield for the trailing twelve months is around 2.30%, while EMKT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	2.30%	2.99%	4.92%	4.45%	6.31%	4.06%	2.75%	5.98%	3.87%	2.61%	0.35%
EMKT Lazard Emerging Markets Opportunities ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIEM and EMKT in my portfolio?

With a correlation of 0.94, DIEM and EMKT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, DIEM or EMKT?

On fees, DIEM is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DIEM or EMKT?

DIEM is cheaper with a 0.19% expense ratio, compared with 0.74% for EMKT.

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

DIEM has the higher dividend yield at 2.30%, compared with 0.00% for EMKT.

What is the main difference between DIEM and EMKT?

They also come from different issuers: Franklin Templeton and Lazard. Their fees differ too: 0.19% for DIEM and 0.74% for EMKT.