EMKT vs. MLPB

Last updated Jul 15, 2026

EMKT (Lazard Emerging Markets Opportunities ETF) and MLPB (ETRACS Alerian MLP Infrastructure Index ETN Series B) are both exchange-traded funds - EMKT is a Emerging Markets Diversified fund actively managed by Lazard, while MLPB is a MLPs fund tracking the Alerian MLP Infrastructure Index. EMKT is actively managed, while MLPB is passively managed. At a correlation of -0.22, they often move in opposite directions. EMKT charges 0.74%/yr vs 0.85%/yr for MLPB.

Performance

EMKT vs. MLPB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Emerging Markets Opportunities ETF (EMKT) and ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with EMKT having a 23.70% return and MLPB slightly lower at 22.83%.

EMKT

• 1D: 1.37%
• 1M: -2.53%
• 6M: 19.09%
• YTD: 23.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MLPB

• 1D: 0.28%
• 1M: 3.60%
• 6M: 17.18%
• YTD: 22.83%
• 1Y: 23.11%
• 3Y*: 21.97%
• 5Y*: 21.32%
• 10Y*: 8.38%

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

EMKT vs. MLPB - Yearly Performance Comparison

	2026 (YTD)	2025
EMKT Lazard Emerging Markets Opportunities ETF	23.70%	-1.26%
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B	22.83%	3.56%

Correlation

The correlation between EMKT and MLPB is -0.22, 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 27, 2025	-0.22

Return for Risk

EMKT vs. MLPB — Risk / Return Rank

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

EMKT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MLPB

MLPB Risk / Return Rank: 57
MLPB Sharpe Ratio Rank: 62
MLPB Sortino Ratio Rank: 61
MLPB Omega Ratio Rank: 56
MLPB Calmar Ratio Rank: 60
MLPB Martin Ratio Rank: 47

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. MLPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Opportunities ETF (EMKT) and ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB). 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	MLPB	Difference
Sharpe ratio: Return per unit of total volatility	—	1.64	—
Sortino ratio: Return per unit of downside risk	—	2.30	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.40	—
Martin ratio: Return relative to average drawdown	—	6.25	—

Drawdowns

EMKT vs. MLPB - Drawdown Comparison

The maximum EMKT drawdown since its inception was -14.21%, smaller than the maximum MLPB drawdown of -71.93%. Use the drawdown chart below to compare losses from any high point for EMKT and MLPB.

Drawdown Indicators

	EMKT	MLPB	Difference
Max Drawdown Largest peak-to-trough decline	-14.21%	-71.93%	+57.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.68%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-71.93%	—
Current Drawdown Current decline from peak	-6.90%	-2.22%	-4.68%
Average Drawdown Average peak-to-trough decline	-3.28%	-14.73%	+11.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.71%	—

Volatility

Volatility by Period

	EMKT	MLPB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.42%	14.16%	+11.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.42%	19.86%	+5.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.42%	27.19%	-1.77%

EMKT vs. MLPB - Expense Ratio Comparison

EMKT has a 0.74% expense ratio, which is lower than MLPB's 0.85% expense ratio.

Dividends

EMKT vs. MLPB - Dividend Comparison

EMKT's dividend yield for the trailing twelve months is around 0.45%, less than MLPB's 5.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EMKT Lazard Emerging Markets Opportunities ETF	0.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B	5.87%	6.51%	5.95%	6.37%	6.00%	6.98%	11.93%	7.98%	8.11%	7.23%	6.85%

Frequently Asked Questions

Can I hold both EMKT and MLPB in my portfolio?

EMKT and MLPB have a correlation of -0.22, 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 MLPB?

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 MLPB?

EMKT is cheaper with a 0.74% expense ratio, compared with 0.85% for MLPB.

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

MLPB has the higher dividend yield at 5.87%, compared with 0.45% for EMKT.

What is the main difference between EMKT and MLPB?

EMKT is categorized as Emerging Markets Diversified, while MLPB is MLPs. They also come from different issuers: Lazard and UBS. Their fees differ too: 0.74% for EMKT and 0.85% for MLPB.