EMKT vs. FRDM
EMKT (Lazard Emerging Markets Opportunities ETF) and FRDM (Freedom 100 Emerging Markets ETF) are both Emerging Markets Diversified funds. EMKT is actively managed, while FRDM is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. EMKT charges 0.74%/yr vs 0.49%/yr for FRDM.
Performance
EMKT vs. FRDM - Performance Comparison
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Returns By Period
In the year-to-date period, EMKT achieves a 25.98% return, which is significantly lower than FRDM's 40.46% return.
EMKT
- 1D
- 0.48%
- 1M
- 3.85%
- YTD
- 25.98%
- 6M
- 26.41%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FRDM
- 1D
- 0.42%
- 1M
- 6.21%
- YTD
- 40.46%
- 6M
- 43.19%
- 1Y
- 83.09%
- 3Y*
- 35.45%
- 5Y*
- 18.84%
- 10Y*
- —
EMKT vs. FRDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMKT Lazard Emerging Markets Opportunities ETF | 25.98% | -1.26% |
FRDM Freedom 100 Emerging Markets ETF | 40.46% | 9.43% |
Correlation
The correlation between EMKT and FRDM 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 27, 2025 | 0.91 |
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Return for Risk
EMKT vs. FRDM — Risk / Return Rank
EMKT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FRDM
EMKT vs. FRDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Opportunities ETF (EMKT) and Freedom 100 Emerging Markets ETF (FRDM). 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 | FRDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.52 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.95 | — |
| Martin ratioReturn relative to average drawdown | — | 18.95 | — |
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Drawdowns
EMKT vs. FRDM - Drawdown Comparison
The maximum EMKT drawdown since its inception was -14.21%, smaller than the maximum FRDM drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for EMKT and FRDM.
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Drawdown Indicators
| EMKT | FRDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.21% | -40.49% | +26.28% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.87% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.25% | — |
Current DrawdownCurrent decline from peak | -5.18% | -5.88% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -7.07% | +3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.40% | — |
Volatility
EMKT vs. FRDM - Volatility Comparison
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Volatility by Period
| EMKT | FRDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.72% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 25.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.64% | 27.99% | -3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.64% | 21.66% | +2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.64% | 23.26% | +1.38% |
EMKT vs. FRDM - Expense Ratio Comparison
EMKT has a 0.74% expense ratio, which is higher than FRDM's 0.49% expense ratio.
Dividends
EMKT vs. FRDM - Dividend Comparison
EMKT's dividend yield for the trailing twelve months is around 0.44%, less than FRDM's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMKT Lazard Emerging Markets Opportunities ETF | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRDM Freedom 100 Emerging Markets ETF | 1.56% | 2.26% | 2.53% | 2.66% | 2.72% | 2.17% | 1.11% | 1.07% |
Frequently Asked Questions
With a correlation of 0.91, EMKT and FRDM 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.
On fees, FRDM is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRDM is cheaper with a 0.49% expense ratio, compared with 0.74% for EMKT.
FRDM has the higher dividend yield at 1.56%, compared with 0.44% for EMKT.
They also come from different issuers: Lazard and Freedom Funds. Their fees differ too: 0.74% for EMKT and 0.49% for FRDM.
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