EMSQX vs. RLEMX
EMSQX (Shelton Emerging Markets Fund) and RLEMX (Lazard Emerging Markets Equity Portfolio Class R6) are both Emerging Markets Equities funds. Over the past 5 years, EMSQX returned 8.73%/yr vs 14.34%/yr for RLEMX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. EMSQX charges 1.77%/yr vs 1.38%/yr for RLEMX.
Performance
EMSQX vs. RLEMX - Performance Comparison
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Returns By Period
In the year-to-date period, EMSQX achieves a 10.61% return, which is significantly lower than RLEMX's 24.08% return.
EMSQX
- 1D
- 0.52%
- 1M
- -6.12%
- 6M
- 1.10%
- YTD
- 10.61%
- 1Y
- 27.19%
- 3Y*
- 14.17%
- 5Y*
- 8.73%
- 10Y*
- —
- ALL TIME*
- 13.82%
RLEMX
- 1D
- 2.12%
- 1M
- 2.22%
- 6M
- 13.36%
- YTD
- 24.08%
- 1Y
- 46.85%
- 3Y*
- 25.12%
- 5Y*
- 14.34%
- 10Y*
- 9.84%
- ALL TIME*
- 11.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
EMSQX vs. RLEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMSQX Shelton Emerging Markets Fund | 10.61% | 32.98% | 3.45% | 15.43% | -14.33% | 0.77% | 44.90% |
RLEMX Lazard Emerging Markets Equity Portfolio Class R6 | 24.08% | 41.38% | 7.60% | 22.42% | -14.86% | 5.43% | 26.49% |
Correlation
The correlation between EMSQX and RLEMX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.79 |
The correlation between EMSQX and RLEMX has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
EMSQX vs. RLEMX — Risk / Return Rank
EMSQX
RLEMX
EMSQX vs. RLEMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shelton Emerging Markets Fund (EMSQX) and Lazard Emerging Markets Equity Portfolio Class R6 (RLEMX). 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.
| EMSQX | RLEMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.52 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 4.18 | -2.33 |
| Martin ratioReturn relative to average drawdown | 5.83 | 14.19 | -8.35 |
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Drawdowns
EMSQX vs. RLEMX - Drawdown Comparison
The maximum EMSQX drawdown since its inception was -29.96%, smaller than the maximum RLEMX drawdown of -44.12%. Use the drawdown chart below to compare losses from any high point for EMSQX and RLEMX.
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Drawdown Indicators
| EMSQX | RLEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.96% | -44.12% | +14.16% |
Max Drawdown (1Y)Largest decline over 1 year | -13.60% | -10.41% | -3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -14.66% | -14.25% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -27.29% | -29.17% | +1.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.12% | — |
Current DrawdownCurrent decline from peak | -11.50% | -2.25% | -9.25% |
Average DrawdownAverage peak-to-trough decline | -7.94% | -10.36% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 3.07% | +1.25% |
Volatility
EMSQX vs. RLEMX - Volatility Comparison
Shelton Emerging Markets Fund (EMSQX) has a higher volatility of 7.57% compared to Lazard Emerging Markets Equity Portfolio Class R6 (RLEMX) at 5.13%. This indicates that EMSQX's price experiences larger fluctuations and is considered to be riskier than RLEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMSQX | RLEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 5.13% | +2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 18.36% | 12.94% | +5.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.14% | 14.84% | +6.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.33% | 14.60% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.20% | 16.39% | +0.81% |
EMSQX vs. RLEMX - Expense Ratio Comparison
EMSQX has a 1.77% expense ratio, which is higher than RLEMX's 1.38% expense ratio.
Dividends
EMSQX vs. RLEMX - Dividend Comparison
EMSQX's dividend yield for the trailing twelve months is around 14.79%, more than RLEMX's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMSQX Shelton Emerging Markets Fund | 14.79% | 16.36% | 7.85% | 10.06% | 1.52% | 1.94% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% |
RLEMX Lazard Emerging Markets Equity Portfolio Class R6 | 1.65% | 2.05% | 3.10% | 3.76% | 5.92% | 4.89% | 2.11% | 2.45% | 2.10% | 1.99% | 1.48% |
Frequently Asked Questions
EMSQX and RLEMX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMSQX has higher volatility (7.57%) compared to RLEMX (5.13%). In terms of maximum drawdown, EMSQX dropped -29.96% vs RLEMX's -44.12%.
RLEMX currently has the higher Sharpe Ratio (2.94 vs 1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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