EMKT vs. MLPX
EMKT (Lazard Emerging Markets Opportunities ETF) and MLPX (Global X MLP & Energy Infrastructure ETF) are both exchange-traded funds - EMKT is a Emerging Markets Diversified fund actively managed by Lazard, while MLPX is a MLPs fund tracking the Solactive MLP & Energy Infrastructure Index. EMKT is actively managed, while MLPX is passively managed. At a correlation of -0.17, they often move in opposite directions. EMKT charges 0.74%/yr vs 0.45%/yr for MLPX.
Performance
EMKT vs. MLPX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMKT achieves a 23.70% return, which is significantly lower than MLPX's 28.55% return.
EMKT
- 1D
- 1.37%
- 1M
- -2.53%
- 6M
- 19.09%
- YTD
- 23.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MLPX
- 1D
- 0.45%
- 1M
- 2.66%
- 6M
- 27.81%
- YTD
- 28.55%
- 1Y
- 28.70%
- 3Y*
- 28.34%
- 5Y*
- 23.11%
- 10Y*
- 12.07%
EMKT vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMKT Lazard Emerging Markets Opportunities ETF | 23.70% | -1.26% |
MLPX Global X MLP & Energy Infrastructure ETF | 28.55% | 4.82% |
Correlation
The correlation between EMKT and MLPX is -0.17, 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 | -0.17 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMKT vs. MLPX — Risk / Return Rank
EMKT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MLPX
EMKT vs. MLPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Opportunities ETF (EMKT) and Global X MLP & Energy Infrastructure ETF (MLPX). 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 | MLPX | 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 | — | 3.53 | — |
| Martin ratioReturn relative to average drawdown | — | 8.32 | — |
Loading charts...
Drawdowns
EMKT vs. MLPX - Drawdown Comparison
The maximum EMKT drawdown since its inception was -14.21%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for EMKT and MLPX.
Loading charts...
Drawdown Indicators
| EMKT | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.21% | -70.67% | +56.46% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.70% | — |
Current DrawdownCurrent decline from peak | -6.90% | -1.89% | -5.01% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -16.53% | +13.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.46% | — |
Volatility
EMKT vs. MLPX - Volatility Comparison
Loading charts...
Volatility by Period
| EMKT | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.88% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.32% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.42% | 15.76% | +9.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.42% | 20.01% | +5.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.42% | 26.16% | -0.74% |
EMKT vs. MLPX - Expense Ratio Comparison
EMKT has a 0.74% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Dividends
EMKT vs. MLPX - Dividend Comparison
EMKT's dividend yield for the trailing twelve months is around 0.45%, less than MLPX's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
MLPX Global X MLP & Energy Infrastructure ETF | 3.99% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
Frequently Asked Questions
EMKT and MLPX have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MLPX is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MLPX is cheaper with a 0.45% expense ratio, compared with 0.74% for EMKT.
MLPX has the higher dividend yield at 3.99%, compared with 0.45% for EMKT.
EMKT is categorized as Emerging Markets Diversified, while MLPX is MLPs. They also come from different issuers: Lazard and Global X. Their fees differ too: 0.74% for EMKT and 0.45% for MLPX.
Find the right allocation for EMKT and MLPX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer