EMKT vs. PEMX
EMKT (Lazard Emerging Markets Opportunities ETF) and PEMX (Putnam Emerging Markets Ex-China ETF) are both Emerging Markets Diversified funds. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. EMKT charges 0.74%/yr vs 0.85%/yr for PEMX.
Performance
EMKT vs. PEMX - Performance Comparison
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Returns By Period
In the year-to-date period, EMKT achieves a 25.98% return, which is significantly lower than PEMX's 38.39% return.
EMKT
- 1D
- 0.48%
- 1M
- 3.85%
- YTD
- 25.98%
- 6M
- 26.41%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PEMX
- 1D
- -0.34%
- 1M
- 6.31%
- YTD
- 38.39%
- 6M
- 40.30%
- 1Y
- 63.72%
- 3Y*
- 33.78%
- 5Y*
- —
- 10Y*
- —
EMKT vs. PEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMKT Lazard Emerging Markets Opportunities ETF | 25.98% | -1.26% |
PEMX Putnam Emerging Markets Ex-China ETF | 38.39% | 4.63% |
Correlation
The correlation between EMKT and PEMX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.92 |
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Return for Risk
EMKT vs. PEMX — Risk / Return Rank
EMKT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PEMX
EMKT vs. PEMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Opportunities ETF (EMKT) and Putnam Emerging Markets Ex-China ETF (PEMX). 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 | PEMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.46 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.43 | — |
| Martin ratioReturn relative to average drawdown | — | 16.69 | — |
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Drawdowns
EMKT vs. PEMX - Drawdown Comparison
The maximum EMKT drawdown since its inception was -14.21%, roughly equal to the maximum PEMX drawdown of -14.91%. Use the drawdown chart below to compare losses from any high point for EMKT and PEMX.
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Drawdown Indicators
| EMKT | PEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.21% | -14.91% | +0.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.45% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.91% | — |
Current DrawdownCurrent decline from peak | -5.18% | -6.40% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -2.86% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.83% | — |
Volatility
EMKT vs. PEMX - Volatility Comparison
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Volatility by Period
| EMKT | PEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 22.77% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.64% | 25.00% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.64% | 19.48% | +5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.64% | 19.48% | +5.16% |
EMKT vs. PEMX - Expense Ratio Comparison
EMKT has a 0.74% expense ratio, which is lower than PEMX's 0.85% expense ratio.
Dividends
EMKT vs. PEMX - Dividend Comparison
EMKT's dividend yield for the trailing twelve months is around 0.44%, less than PEMX's 5.06% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EMKT Lazard Emerging Markets Opportunities ETF | 0.44% | 0.00% | 0.00% | 0.00% |
PEMX Putnam Emerging Markets Ex-China ETF | 5.06% | 7.00% | 5.00% | 0.72% |
Frequently Asked Questions
With a correlation of 0.92, EMKT and PEMX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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.
EMKT is cheaper with a 0.74% expense ratio, compared with 0.85% for PEMX.
PEMX has the higher dividend yield at 5.06%, compared with 0.44% for EMKT.
They also come from different issuers: Lazard and Putnam. Their fees differ too: 0.74% for EMKT and 0.85% for PEMX.
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