EMKT vs. EMSF

Last updated Jun 4, 2026

EMKT (Lazard Emerging Markets Opportunities ETF) and EMSF (Matthews Emerging Markets Sustainable Future Active ETF) are both Emerging Markets Diversified funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. EMKT charges 0.74%/yr vs 0.79%/yr for EMSF.

Performance

EMKT vs. EMSF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Emerging Markets Opportunities ETF (EMKT) and Matthews Emerging Markets Sustainable Future Active ETF (EMSF). 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 lower than EMSF's 45.34% return.

EMKT

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

EMSF

• 1D: -1.10%
• 1M: 8.61%
• YTD: 45.34%
• 6M: 40.08%
• 1Y: 63.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMKT vs. EMSF - Yearly Performance Comparison

	2026 (YTD)	2025
EMKT Lazard Emerging Markets Opportunities ETF	30.02%	-1.29%
EMSF Matthews Emerging Markets Sustainable Future Active ETF	45.34%	-7.03%

Correlation

The correlation between EMKT and EMSF is 0.91, 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	0.91

Return for Risk

EMKT vs. EMSF — Risk / Return Rank

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

EMSF

EMSF Risk / Return Rank: 76
EMSF Sharpe Ratio Rank: 77
EMSF Sortino Ratio Rank: 69
EMSF Omega Ratio Rank: 72
EMSF Calmar Ratio Rank: 83
EMSF Martin Ratio Rank: 76

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. EMSF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Opportunities ETF (EMKT) and Matthews Emerging Markets Sustainable Future Active ETF (EMSF). 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	EMSF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.33	0.98	+1.35

Drawdowns

EMKT vs. EMSF - Drawdown Comparison

The maximum EMKT drawdown since its inception was -14.21%, smaller than the maximum EMSF drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for EMKT and EMSF.

Drawdown Indicators

	EMKT	EMSF	Difference
Max Drawdown Largest peak-to-trough decline	-14.21%	-24.75%	+10.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.57%	—
Current Drawdown Current decline from peak	-1.45%	-1.10%	-0.35%
Average Drawdown Average peak-to-trough decline	-3.04%	-5.72%	+2.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.35%	—

Volatility

Volatility by Period

	EMKT	EMSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.46%	25.35%	-2.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.46%	22.75%	-0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.46%	22.75%	-0.29%

EMKT vs. EMSF - Expense Ratio Comparison

EMKT has a 0.74% expense ratio, which is lower than EMSF's 0.79% expense ratio.

Dividends

EMKT vs. EMSF - Dividend Comparison

EMKT has not paid dividends to shareholders, while EMSF's dividend yield for the trailing twelve months is around 1.30%.

Position	TTM	2025	2024	2023
EMKT Lazard Emerging Markets Opportunities ETF	0.00%	0.00%	0.00%	0.00%
EMSF Matthews Emerging Markets Sustainable Future Active ETF	1.30%	1.88%	3.29%	0.02%

Frequently Asked Questions

Can I hold both EMKT and EMSF in my portfolio?

With a correlation of 0.91, EMKT and EMSF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, EMKT or EMSF?

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, EMKT or EMSF?

EMKT is cheaper with a 0.74% expense ratio, compared with 0.79% for EMSF.

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

EMSF has the higher dividend yield at 1.30%, compared with 0.00% for EMKT.

What is the main difference between EMKT and EMSF?

They also come from different issuers: Lazard and Matthews. Their fees differ too: 0.74% for EMKT and 0.79% for EMSF.