EMKT vs. BOXX

Last updated Jun 4, 2026

EMKT (Lazard Emerging Markets Opportunities ETF) and BOXX (Alpha Architect 1-3 Month Box ETF) are both exchange-traded funds - EMKT is a Emerging Markets Diversified fund actively managed by Lazard, while BOXX is a Ultrashort Bond fund tracking the Solactive 1-3 Month US T-Bill Index. EMKT is actively managed, while BOXX is passively managed. At a correlation of -0.11, they often move in opposite directions. EMKT charges 0.74%/yr vs 0.19%/yr for BOXX.

Performance

EMKT vs. BOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Emerging Markets Opportunities ETF (EMKT) and Alpha Architect 1-3 Month Box ETF (BOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMKT achieves a 30.02% return, which is significantly higher than BOXX's 1.58% return.

EMKT

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

BOXX

• 1D: 0.00%
• 1M: 0.28%
• YTD: 1.58%
• 6M: 1.97%
• 1Y: 4.10%
• 3Y*: 4.75%
• 5Y*: —
• 10Y*: —

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

EMKT vs. BOXX - Yearly Performance Comparison

	2026 (YTD)	2025
EMKT Lazard Emerging Markets Opportunities ETF	30.02%	-1.29%
BOXX Alpha Architect 1-3 Month Box ETF	1.58%	0.85%

Correlation

The correlation between EMKT and BOXX is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025	-0.11

Return for Risk

EMKT vs. BOXX — Risk / Return Rank

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

BOXX

BOXX Risk / Return Rank: 100
BOXX Sharpe Ratio Rank: 100
BOXX Sortino Ratio Rank: 100
BOXX Omega Ratio Rank: 100
BOXX Calmar Ratio Rank: 100
BOXX Martin Ratio Rank: 100

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. BOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Opportunities ETF (EMKT) and Alpha Architect 1-3 Month Box ETF (BOXX). 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.

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

Sharpe Ratios by Period

	EMKT	BOXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	12.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.33	12.91	-10.58

Drawdowns

EMKT vs. BOXX - Drawdown Comparison

The maximum EMKT drawdown since its inception was -14.21%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for EMKT and BOXX.

Drawdown Indicators

	EMKT	BOXX	Difference
Max Drawdown Largest peak-to-trough decline	-14.21%	-0.12%	-14.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.07%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.12%	—
Current Drawdown Current decline from peak	-1.45%	0.00%	-1.45%
Average Drawdown Average peak-to-trough decline	-3.04%	-0.00%	-3.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	EMKT	BOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.46%	0.32%	+22.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.46%	0.37%	+22.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.46%	0.37%	+22.09%

EMKT vs. BOXX - Expense Ratio Comparison

EMKT has a 0.74% expense ratio, which is higher than BOXX's 0.19% expense ratio.

Dividends

EMKT vs. BOXX - Dividend Comparison

Neither EMKT nor BOXX has paid dividends to shareholders.

Position	TTM	2025	2024
BOXX Alpha Architect 1-3 Month Box ETF	0.00%	0.00%	0.26%
EMKT Lazard Emerging Markets Opportunities ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMKT and BOXX in my portfolio?

EMKT and BOXX have a correlation of -0.11, 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 BOXX?

On fees, BOXX 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, EMKT or BOXX?

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

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

EMKT and BOXX have nearly identical dividend yields, around 0.00%.

What is the main difference between EMKT and BOXX?

EMKT is categorized as Emerging Markets Diversified, while BOXX is Ultrashort Bond. They also come from different issuers: Lazard and Alpha Architect. Their fees differ too: 0.74% for EMKT and 0.19% for BOXX.