EMEQ vs. EMKT

Last updated Jun 3, 2026

EMEQ (Nomura Focused Emerging Markets Equity ETF) and EMKT (Lazard Emerging Markets Opportunities ETF) are both Emerging Markets Diversified funds. Both are actively managed. Their correlation of 0.88 suggests significant overlap in exposure. EMEQ charges 0.86%/yr vs 0.74%/yr for EMKT.

Performance

EMEQ vs. EMKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nomura Focused Emerging Markets Equity ETF (EMEQ) 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, EMEQ achieves a 80.39% return, which is significantly higher than EMKT's 31.94% return.

EMEQ

• 1D: 2.38%
• 1M: 28.19%
• YTD: 80.39%
• 6M: 91.18%
• 1Y: 170.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMKT

• 1D: 1.04%
• 1M: 13.64%
• YTD: 31.94%
• 6M: 33.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMEQ vs. EMKT - Yearly Performance Comparison

	2026 (YTD)	2025
EMEQ Nomura Focused Emerging Markets Equity ETF	80.39%	3.67%
EMKT Lazard Emerging Markets Opportunities ETF	31.94%	-1.29%

Correlation

The correlation between EMEQ and EMKT is 0.88, 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	0.88

Return for Risk

EMEQ vs. EMKT — Risk / Return Rank

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

EMEQ

EMEQ Risk / Return Rank: 96
EMEQ Sharpe Ratio Rank: 98
EMEQ Sortino Ratio Rank: 95
EMEQ Omega Ratio Rank: 96
EMEQ Calmar Ratio Rank: 96
EMEQ Martin Ratio Rank: 96

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.

EMEQ vs. EMKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nomura Focused Emerging Markets Equity ETF (EMEQ) 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.

	EMEQ	EMKT	Difference
Sharpe ratio Return per unit of total volatility	5.37	—	—
Sortino ratio Return per unit of downside risk	5.35	—	—
Omega ratio Gain probability vs. loss probability	1.77	—	—
Calmar ratio Return relative to maximum drawdown	9.68	—	—
Martin ratio Return relative to average drawdown	38.83	—	—
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

	EMEQ	EMKT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.00	2.52	+0.49

Drawdowns

EMEQ vs. EMKT - Drawdown Comparison

The maximum EMEQ drawdown since its inception was -19.99%, which is greater than EMKT's maximum drawdown of -14.21%. Use the drawdown chart below to compare losses from any high point for EMEQ and EMKT.

Drawdown Indicators

	EMEQ	EMKT	Difference
Max Drawdown Largest peak-to-trough decline	-19.99%	-14.21%	-5.78%
Max Drawdown (1Y) Largest decline over 1 year	-17.91%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.97%	-3.05%	-0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.47%	—	—

Volatility

Volatility by Period

	EMEQ	EMKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	28.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	32.05%	22.44%	+9.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.98%	22.44%	+7.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.98%	22.44%	+7.54%

EMEQ vs. EMKT - Expense Ratio Comparison

EMEQ has a 0.86% expense ratio, which is higher than EMKT's 0.74% expense ratio.

Dividends

EMEQ vs. EMKT - Dividend Comparison

EMEQ's dividend yield for the trailing twelve months is around 1.53%, while EMKT has not paid dividends to shareholders.

Position	TTM	2025	2024
EMEQ Nomura Focused Emerging Markets Equity ETF	1.53%	2.76%	0.84%
EMKT Lazard Emerging Markets Opportunities ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMEQ and EMKT in my portfolio?

EMEQ and EMKT have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMEQ or EMKT?

On fees, EMKT is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EMEQ or EMKT?

EMKT is cheaper with a 0.74% expense ratio, compared with 0.86% for EMEQ.

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

EMEQ has the higher dividend yield at 1.53%, compared with 0.00% for EMKT.

What is the main difference between EMEQ and EMKT?

They also come from different issuers: Nomura and Lazard. Their fees differ too: 0.86% for EMEQ and 0.74% for EMKT.