EMKT vs. PEMX
EMKT (Lazard Emerging Markets Opportunities ETF) and PEMX (Putnam Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds. Both are actively managed. Their correlation of 0.93 means they have usually moved in the same direction. 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 22.96% return, which is significantly lower than PEMX's 27.40% return.
EMKT
- 1D
- 0.94%
- 1M
- -0.13%
- 6M
- 13.54%
- YTD
- 22.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PEMX
- 1D
- 0.78%
- 1M
- -6.39%
- 6M
- 14.52%
- YTD
- 27.40%
- 1Y
- 49.26%
- 3Y*
- 29.67%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 29.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $362.94K | $359.48K | $607.32K | |
| $80.60K | $81.40K | $263.12K |
EMKT vs. PEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMKT Lazard Emerging Markets Opportunities ETF | 22.96% | -1.26% |
PEMX Putnam Emerging Markets Ex-China ETF | 27.40% | 4.63% |
Correlation
The correlation between EMKT and PEMX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.93 |
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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 | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.60 | — |
| Martin ratioReturn relative to average drawdown | — | 9.25 | — |
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Drawdowns
EMKT vs. PEMX - Drawdown Comparison
The maximum EMKT drawdown since its inception was -14.21%, smaller than the maximum PEMX drawdown of -19.04%. 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% | -19.04% | +4.83% |
Max Drawdown (1Y)Largest decline over 1 year | — | -19.04% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.04% | — |
Current DrawdownCurrent decline from peak | -7.46% | -13.83% | +6.37% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -3.12% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.34% | — |
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 | — | 10.78% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 25.17% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.76% | 27.28% | -1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.76% | 20.22% | +5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.76% | 20.22% | +5.54% |
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 0.45%, less than PEMX's 5.50% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EMKT Lazard Emerging Markets Opportunities ETF | 0.45% | 0.00% | 0.00% | 0.00% |
PEMX Putnam Emerging Markets Ex-China ETF | 5.50% | 7.00% | 5.00% | 0.72% |
Frequently Asked Questions
With a correlation of 0.93, 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 5.50%, compared with 0.45% 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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