EMKT vs. ECOW
EMKT (Lazard Emerging Markets Opportunities ETF) and ECOW (Pacer Emerging Markets Cash Cows 100 ETF) are both Emerging Markets Equities funds. EMKT is actively managed, while ECOW is passively managed. Their 0.68 correlation means they have sometimes moved together and sometimes differently. EMKT charges 0.74%/yr vs 0.70%/yr for ECOW.
Performance
EMKT vs. ECOW - Performance Comparison
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Returns By Period
In the year-to-date period, EMKT achieves a 22.96% return, which is significantly higher than ECOW's 12.88% return.
EMKT
- 1D
- 0.94%
- 1M
- -0.13%
- 6M
- 13.54%
- YTD
- 22.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
ECOW
- 1D
- -0.14%
- 1M
- 3.07%
- 6M
- 4.72%
- YTD
- 12.88%
- 1Y
- 29.12%
- 3Y*
- 17.21%
- 5Y*
- 6.83%
- 10Y*
- —
- ALL TIME*
- 7.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $573.24K | $693.96K | $1.37M | |
| $362.94K | $359.48K | $607.32K |
EMKT vs. ECOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMKT Lazard Emerging Markets Opportunities ETF | 22.96% | -1.26% |
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 12.88% | 1.60% |
Correlation
The correlation between EMKT and ECOW is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.68 |
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Return for Risk
EMKT vs. ECOW — Risk / Return Rank
EMKT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ECOW
EMKT vs. ECOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Opportunities ETF (EMKT) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW). 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 | ECOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.50 | — |
| Martin ratioReturn relative to average drawdown | — | 9.20 | — |
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Drawdowns
EMKT vs. ECOW - Drawdown Comparison
The maximum EMKT drawdown since its inception was -14.21%, smaller than the maximum ECOW drawdown of -40.27%. Use the drawdown chart below to compare losses from any high point for EMKT and ECOW.
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Drawdown Indicators
| EMKT | ECOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.21% | -40.27% | +26.06% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.35% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.30% | — |
Current DrawdownCurrent decline from peak | -7.46% | -3.72% | -3.74% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -10.93% | +7.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.17% | — |
Volatility
EMKT vs. ECOW - Volatility Comparison
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Volatility by Period
| EMKT | ECOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.45% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.82% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.76% | 14.78% | +10.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.76% | 17.73% | +8.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.76% | 20.03% | +5.73% |
EMKT vs. ECOW - Expense Ratio Comparison
EMKT has a 0.74% expense ratio, which is higher than ECOW's 0.70% expense ratio.
Dividends
EMKT vs. ECOW - Dividend Comparison
EMKT's dividend yield for the trailing twelve months is around 0.45%, less than ECOW's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 4.45% | 5.20% | 7.35% | 5.46% | 7.50% | 4.39% | 3.35% | 8.08% |
EMKT Lazard Emerging Markets Opportunities ETF | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMKT and ECOW have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ECOW is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECOW is cheaper with a 0.70% expense ratio, compared with 0.74% for EMKT.
ECOW has the higher dividend yield at 4.45%, compared with 0.45% for EMKT.
They also come from different issuers: Lazard and Pacer. Their fees differ too: 0.74% for EMKT and 0.70% for ECOW.
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