EMKT vs. AVEE

Last updated Jun 23, 2026

EMKT (Lazard Emerging Markets Opportunities ETF) and AVEE (Avantis Emerging Markets Small Cap Equity ETF) are both Emerging Markets Diversified funds. Both are actively managed. Their correlation of 0.83 suggests significant overlap in exposure. EMKT charges 0.74%/yr vs 0.42%/yr for AVEE.

Performance

EMKT vs. AVEE - Performance Comparison

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

Returns By Period

In the year-to-date period, EMKT achieves a 32.87% return, which is significantly higher than AVEE's 15.61% return.

EMKT

• 1D: 0.39%
• 1M: 9.53%
• YTD: 32.87%
• 6M: 34.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVEE

• 1D: -0.10%
• 1M: 2.28%
• YTD: 15.61%
• 6M: 16.08%
• 1Y: 27.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMKT vs. AVEE - Yearly Performance Comparison

	2026 (YTD)	2025
EMKT Lazard Emerging Markets Opportunities ETF	32.87%	-1.26%
AVEE Avantis Emerging Markets Small Cap Equity ETF	15.61%	-1.30%

Correlation

The correlation between EMKT and AVEE is 0.83, 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 27, 2025	0.83

Return for Risk

EMKT vs. AVEE — Risk / Return Rank

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

EMKT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AVEE

AVEE Risk / Return Rank: 47
AVEE Sharpe Ratio Rank: 46
AVEE Sortino Ratio Rank: 43
AVEE Omega Ratio Rank: 46
AVEE Calmar Ratio Rank: 54
AVEE Martin Ratio Rank: 49

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.

EMKT vs. AVEE - Risk-Adjusted Trends Comparison

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

	EMKT	AVEE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.54	—
Sortino ratio: Return per unit of downside risk	—	2.13	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.59	—
Martin ratio: Return relative to average drawdown	—	8.06	—

Drawdowns

EMKT vs. AVEE - Drawdown Comparison

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

Drawdown Indicators

	EMKT	AVEE	Difference
Max Drawdown Largest peak-to-trough decline	-14.21%	-20.21%	+6.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.65%	—
Current Drawdown Current decline from peak	0.00%	-1.03%	+1.03%
Average Drawdown Average peak-to-trough decline	-3.08%	-3.67%	+0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.41%	—

Volatility

Volatility by Period

	EMKT	AVEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.71%	17.89%	+5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.71%	17.04%	+6.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	17.04%	+6.67%

EMKT vs. AVEE - Expense Ratio Comparison

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

Dividends

EMKT vs. AVEE - Dividend Comparison

EMKT's dividend yield for the trailing twelve months is around 0.42%, less than AVEE's 2.66% yield.

Position	TTM	2025	2024	2023
AVEE Avantis Emerging Markets Small Cap Equity ETF	2.66%	2.25%	3.26%	0.39%
EMKT Lazard Emerging Markets Opportunities ETF	0.42%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMKT and AVEE in my portfolio?

EMKT and AVEE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMKT or AVEE?

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, EMKT or AVEE?

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

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

AVEE has the higher dividend yield at 2.66%, compared with 0.42% for EMKT.

What is the main difference between EMKT and AVEE?

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