EMKT vs. EEMS
EMKT (Lazard Emerging Markets Opportunities ETF) and EEMS (iShares MSCI Emerging Markets Small-Cap ETF) are both Emerging Markets Diversified funds. EMKT is actively managed, while EEMS is passively managed. Their correlation of 0.82 suggests significant overlap in exposure. EMKT charges 0.74%/yr vs 0.73%/yr for EEMS.
Performance
EMKT vs. EEMS - Performance Comparison
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Returns By Period
In the year-to-date period, EMKT achieves a 32.87% return, which is significantly higher than EEMS's 16.14% return.
EMKT
- 1D
- 0.39%
- 1M
- 9.53%
- YTD
- 32.87%
- 6M
- 34.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EEMS
- 1D
- -0.13%
- 1M
- 1.98%
- YTD
- 16.14%
- 6M
- 17.52%
- 1Y
- 30.37%
- 3Y*
- 17.04%
- 5Y*
- 7.28%
- 10Y*
- 9.77%
EMKT vs. EEMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMKT Lazard Emerging Markets Opportunities ETF | 32.87% | -1.26% |
EEMS iShares MSCI Emerging Markets Small-Cap ETF | 16.14% | 0.76% |
Correlation
The correlation between EMKT and EEMS is 0.82, 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 | 0.82 |
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Return for Risk
EMKT vs. EEMS — Risk / Return Rank
EMKT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EEMS
EMKT vs. EEMS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Opportunities ETF (EMKT) and iShares MSCI Emerging Markets Small-Cap ETF (EEMS). 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 | EEMS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.81 | — |
| Martin ratioReturn relative to average drawdown | — | 9.45 | — |
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Drawdowns
EMKT vs. EEMS - Drawdown Comparison
The maximum EMKT drawdown since its inception was -14.21%, smaller than the maximum EEMS drawdown of -48.89%. Use the drawdown chart below to compare losses from any high point for EMKT and EEMS.
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Drawdown Indicators
| EMKT | EEMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.21% | -48.89% | +34.68% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.87% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.71% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.89% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.12% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -10.48% | +7.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.22% | — |
Volatility
EMKT vs. EEMS - Volatility Comparison
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Volatility by Period
| EMKT | EEMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.68% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.71% | 18.69% | +5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 16.40% | +7.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.71% | 18.13% | +5.58% |
EMKT vs. EEMS - Expense Ratio Comparison
EMKT has a 0.74% expense ratio, which is higher than EEMS's 0.73% expense ratio.
Dividends
EMKT vs. EEMS - Dividend Comparison
EMKT's dividend yield for the trailing twelve months is around 0.42%, less than EEMS's 2.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEMS iShares MSCI Emerging Markets Small-Cap ETF | 2.75% | 3.09% | 2.60% | 2.69% | 0.89% | 3.56% | 2.14% | 2.64% | 3.06% | 2.47% | 2.51% | 2.33% |
EMKT Lazard Emerging Markets Opportunities ETF | 0.42% | 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
EMKT and EEMS have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EEMS is cheaper at 0.73% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EEMS is cheaper with a 0.73% expense ratio, compared with 0.74% for EMKT.
EEMS has the higher dividend yield at 2.75%, compared with 0.42% for EMKT.
They also come from different issuers: Lazard and iShares. Their fees differ too: 0.74% for EMKT and 0.73% for EEMS.
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