EMKT vs. FTXN

Last updated Jun 4, 2026

EMKT (Lazard Emerging Markets Opportunities ETF) and FTXN (First Trust Nasdaq Oil & Gas ETF) are both exchange-traded funds - EMKT is a Emerging Markets Diversified fund actively managed by Lazard, while FTXN is a Energy Equities fund tracking the Nasdaq U.S. Smart Oil & Gas Index. EMKT is actively managed, while FTXN is passively managed. At a correlation of -0.21, they often move in opposite directions. EMKT charges 0.74%/yr vs 0.60%/yr for FTXN.

Performance

EMKT vs. FTXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Emerging Markets Opportunities ETF (EMKT) and First Trust Nasdaq Oil & Gas ETF (FTXN). 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 FTXN's 32.57% return.

EMKT

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

FTXN

• 1D: 1.25%
• 1M: -3.04%
• YTD: 32.57%
• 6M: 28.04%
• 1Y: 39.70%
• 3Y*: 15.68%
• 5Y*: 17.73%
• 10Y*: —

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

EMKT vs. FTXN - Yearly Performance Comparison

	2026 (YTD)	2025
EMKT Lazard Emerging Markets Opportunities ETF	30.02%	-1.29%
FTXN First Trust Nasdaq Oil & Gas ETF	32.57%	2.04%

Correlation

The correlation between EMKT and FTXN is -0.21, 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	-0.21

Return for Risk

EMKT vs. FTXN — Risk / Return Rank

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

FTXN

FTXN Risk / Return Rank: 50
FTXN Sharpe Ratio Rank: 50
FTXN Sortino Ratio Rank: 46
FTXN Omega Ratio Rank: 44
FTXN Calmar Ratio Rank: 60
FTXN Martin Ratio Rank: 49

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. FTXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Opportunities ETF (EMKT) and First Trust Nasdaq Oil & Gas ETF (FTXN). 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	FTXN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.74	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.33	0.28	+2.05

Drawdowns

EMKT vs. FTXN - Drawdown Comparison

The maximum EMKT drawdown since its inception was -14.21%, smaller than the maximum FTXN drawdown of -73.49%. Use the drawdown chart below to compare losses from any high point for EMKT and FTXN.

Drawdown Indicators

	EMKT	FTXN	Difference
Max Drawdown Largest peak-to-trough decline	-14.21%	-73.49%	+59.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.59%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.97%	—
Current Drawdown Current decline from peak	-1.45%	-7.47%	+6.02%
Average Drawdown Average peak-to-trough decline	-3.04%	-19.24%	+16.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.84%	—

Volatility

Volatility by Period

	EMKT	FTXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.46%	22.98%	-0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.46%	29.67%	-7.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.46%	31.80%	-9.34%

EMKT vs. FTXN - Expense Ratio Comparison

EMKT has a 0.74% expense ratio, which is higher than FTXN's 0.60% expense ratio.

Dividends

EMKT vs. FTXN - Dividend Comparison

EMKT has not paid dividends to shareholders, while FTXN's dividend yield for the trailing twelve months is around 2.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EMKT Lazard Emerging Markets Opportunities ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTXN First Trust Nasdaq Oil & Gas ETF	2.04%	2.83%	2.51%	3.41%	2.26%	1.04%	1.76%	2.72%	2.16%	1.78%	0.20%

Frequently Asked Questions

Can I hold both EMKT and FTXN in my portfolio?

EMKT and FTXN have a correlation of -0.21, 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 FTXN?

On fees, FTXN is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EMKT or FTXN?

FTXN is cheaper with a 0.60% expense ratio, compared with 0.74% for EMKT.

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

FTXN has the higher dividend yield at 2.04%, compared with 0.00% for EMKT.

What is the main difference between EMKT and FTXN?

EMKT is categorized as Emerging Markets Diversified, while FTXN is Energy Equities. They also come from different issuers: Lazard and First Trust. Their fees differ too: 0.74% for EMKT and 0.60% for FTXN.