EMKT vs. PCEM

Last updated Jun 4, 2026

EMKT (Lazard Emerging Markets Opportunities ETF) and PCEM (Polen Capital Emerging Markets ex-China Growth ETF) are both Emerging Markets Diversified funds. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. EMKT charges 0.74%/yr vs 1.00%/yr for PCEM.

Performance

EMKT vs. PCEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Emerging Markets Opportunities ETF (EMKT) and Polen Capital Emerging Markets ex-China Growth ETF (PCEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EMKT

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

PCEM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMKT vs. PCEM - Yearly Performance Comparison

	2026 (YTD)	2025
EMKT Lazard Emerging Markets Opportunities ETF	30.02%	-1.29%
PCEM Polen Capital Emerging Markets ex-China Growth ETF	6.00%	1.29%

Correlation

The correlation between EMKT and PCEM is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025	0.56

Return for Risk

EMKT vs. PCEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Opportunities ETF (EMKT) and Polen Capital Emerging Markets ex-China Growth ETF (PCEM). 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	PCEM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.33	—	—

Drawdowns

Drawdown Indicators

	EMKT	PCEM	Difference
Max Drawdown Largest peak-to-trough decline	-14.21%	—	—
Current Drawdown Current decline from peak	-1.45%	—	—
Average Drawdown Average peak-to-trough decline	-3.04%	—	—

Volatility

Volatility by Period

	EMKT	PCEM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	22.46%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.46%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.46%	—	—

EMKT vs. PCEM - Expense Ratio Comparison

EMKT has a 0.74% expense ratio, which is lower than PCEM's 1.00% expense ratio.

Dividends

EMKT vs. PCEM - Dividend Comparison

EMKT has not paid dividends to shareholders, while PCEM's dividend yield for the trailing twelve months is around 0.37%.

Position	TTM	2025	2024
EMKT Lazard Emerging Markets Opportunities ETF	0.00%	0.00%	0.00%
PCEM Polen Capital Emerging Markets ex-China Growth ETF	0.37%	0.40%	0.10%

Frequently Asked Questions

Can I hold both EMKT and PCEM in my portfolio?

EMKT and PCEM have a correlation of 0.56, 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 PCEM?

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 PCEM?

EMKT is cheaper with a 0.74% expense ratio, compared with 1.00% for PCEM.

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

PCEM has the higher dividend yield at 0.37%, compared with 0.00% for EMKT.

What is the main difference between EMKT and PCEM?

They also come from different issuers: Lazard and Polen Capital. Their fees differ too: 0.74% for EMKT and 1.00% for PCEM.