EMKT vs. OGSP

Last updated Jun 25, 2026

EMKT (Lazard Emerging Markets Opportunities ETF) and OGSP (Obra High Grade Structured Products ETF) are both exchange-traded funds - EMKT is a Emerging Markets Diversified fund actively managed by Lazard, while OGSP is a Multisector Bonds fund actively managed by Obra. Both are actively managed. At a 0.08 correlation, their price movements are largely independent. EMKT charges 0.74%/yr vs 0.90%/yr for OGSP.

Performance

EMKT vs. OGSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Emerging Markets Opportunities ETF (EMKT) and Obra High Grade Structured Products ETF (OGSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMKT achieves a 25.98% return, which is significantly higher than OGSP's 2.05% return.

EMKT

• 1D: 0.48%
• 1M: 3.85%
• YTD: 25.98%
• 6M: 26.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OGSP

• 1D: 0.05%
• 1M: 0.58%
• YTD: 2.05%
• 6M: 2.18%
• 1Y: 5.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMKT vs. OGSP - Yearly Performance Comparison

	2026 (YTD)	2025
EMKT Lazard Emerging Markets Opportunities ETF	25.98%	-1.26%
OGSP Obra High Grade Structured Products ETF	2.05%	1.11%

Correlation

The correlation between EMKT and OGSP is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.08

Return for Risk

EMKT vs. OGSP — 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.

OGSP

OGSP Risk / Return Rank: 96
OGSP Sharpe Ratio Rank: 94
OGSP Sortino Ratio Rank: 96
OGSP Omega Ratio Rank: 98
OGSP Calmar Ratio Rank: 98
OGSP Martin Ratio Rank: 96

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. OGSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Opportunities ETF (EMKT) and Obra High Grade Structured Products ETF (OGSP). 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	OGSP	Difference
Sharpe ratio: Return per unit of total volatility	—	3.20	—
Sortino ratio: Return per unit of downside risk	—	5.02	—
Omega ratio: Gain probability vs. loss probability	—	2.07	—
Calmar ratio: Return relative to maximum drawdown	—	10.87	—
Martin ratio: Return relative to average drawdown	—	33.20	—

Drawdowns

EMKT vs. OGSP - Drawdown Comparison

The maximum EMKT drawdown since its inception was -14.21%, which is greater than OGSP's maximum drawdown of -0.82%. Use the drawdown chart below to compare losses from any high point for EMKT and OGSP.

Drawdown Indicators

	EMKT	OGSP	Difference
Max Drawdown Largest peak-to-trough decline	-14.21%	-0.82%	-13.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.50%	—
Current Drawdown Current decline from peak	-5.18%	0.00%	-5.18%
Average Drawdown Average peak-to-trough decline	-3.11%	-0.10%	-3.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.16%	—

Volatility

Volatility by Period

	EMKT	OGSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.64%	1.69%	+22.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.64%	1.91%	+22.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.64%	1.91%	+22.73%

EMKT vs. OGSP - Expense Ratio Comparison

EMKT has a 0.74% expense ratio, which is lower than OGSP's 0.90% expense ratio.

Dividends

EMKT vs. OGSP - Dividend Comparison

EMKT's dividend yield for the trailing twelve months is around 0.44%, less than OGSP's 5.84% yield.

Position	TTM	2025	2024
EMKT Lazard Emerging Markets Opportunities ETF	0.44%	0.00%	0.00%
OGSP Obra High Grade Structured Products ETF	5.84%	5.88%	4.55%

Frequently Asked Questions

Can I hold both EMKT and OGSP in my portfolio?

EMKT and OGSP have a correlation of 0.08, 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 OGSP?

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 OGSP?

EMKT is cheaper with a 0.74% expense ratio, compared with 0.90% for OGSP.

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

OGSP has the higher dividend yield at 5.84%, compared with 0.44% for EMKT.

What is the main difference between EMKT and OGSP?

EMKT is categorized as Emerging Markets Diversified, while OGSP is Multisector Bonds. They also come from different issuers: Lazard and Obra. Their fees differ too: 0.74% for EMKT and 0.90% for OGSP.