KEMX vs. IDEQ
KEMX (KraneShares MSCI Emerging Markets ex China Index ETF) and IDEQ (Lazard International Dynamic Equity ETF) are both exchange-traded funds - KEMX is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index, while IDEQ is a Foreign Large Cap Equities fund actively managed by Lazard. KEMX is passively managed, while IDEQ is actively managed. Their correlation of 0.86 means they have usually moved in the same direction. KEMX charges 0.25%/yr vs 0.40%/yr for IDEQ.
Performance
KEMX vs. IDEQ - Performance Comparison
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Returns By Period
In the year-to-date period, KEMX achieves a 30.22% return, which is significantly higher than IDEQ's 15.85% return.
KEMX
- 1D
- 0.80%
- 1M
- -4.08%
- 6M
- 16.35%
- YTD
- 30.22%
- 1Y
- 56.00%
- 3Y*
- 25.12%
- 5Y*
- 12.08%
- 10Y*
- —
- ALL TIME*
- 12.50%
IDEQ
- 1D
- 0.81%
- 1M
- 0.35%
- 6M
- 6.74%
- YTD
- 15.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.02M | $9.57M | $11.13M | |
| $527.87K | $528.96K | $586.53K |
KEMX vs. IDEQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KEMX KraneShares MSCI Emerging Markets ex China Index ETF | 30.22% | 16.22% |
IDEQ Lazard International Dynamic Equity ETF | 15.85% | 12.10% |
Correlation
The correlation between KEMX and IDEQ is 0.86, 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 Aug 29, 2025 | 0.86 |
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Return for Risk
KEMX vs. IDEQ — Risk / Return Rank
KEMX
IDEQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KEMX vs. IDEQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) and Lazard International Dynamic Equity ETF (IDEQ). 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.
| KEMX | IDEQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | — | — |
| Martin ratioReturn relative to average drawdown | 10.97 | — | — |
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Drawdowns
KEMX vs. IDEQ - Drawdown Comparison
The maximum KEMX drawdown since its inception was -38.80%, which is greater than IDEQ's maximum drawdown of -12.95%. Use the drawdown chart below to compare losses from any high point for KEMX and IDEQ.
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Drawdown Indicators
| KEMX | IDEQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.80% | -12.95% | -25.85% |
Max Drawdown (1Y)Largest decline over 1 year | -16.11% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.85% | — | — |
Current DrawdownCurrent decline from peak | -11.37% | -2.87% | -8.50% |
Average DrawdownAverage peak-to-trough decline | -8.82% | -2.28% | -6.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | — | — |
Volatility
KEMX vs. IDEQ - Volatility Comparison
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Volatility by Period
| KEMX | IDEQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.60% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 24.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.99% | 19.55% | +7.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.41% | 19.55% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.51% | 19.55% | +1.96% |
KEMX vs. IDEQ - Expense Ratio Comparison
KEMX has a 0.25% expense ratio, which is lower than IDEQ's 0.40% expense ratio.
Dividends
KEMX vs. IDEQ - Dividend Comparison
KEMX's dividend yield for the trailing twelve months is around 2.52%, more than IDEQ's 1.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IDEQ Lazard International Dynamic Equity ETF | 1.34% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KEMX KraneShares MSCI Emerging Markets ex China Index ETF | 2.52% | 3.28% | 3.39% | 2.00% | 4.10% | 4.79% | 1.69% | 2.77% |
Frequently Asked Questions
KEMX and IDEQ have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KEMX is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KEMX is cheaper with a 0.25% expense ratio, compared with 0.40% for IDEQ.
KEMX has the higher dividend yield at 2.52%, compared with 1.34% for IDEQ.
KEMX is categorized as Emerging Markets Equities, while IDEQ is Foreign Large Cap Equities. They also come from different issuers: CICC and Lazard. Their fees differ too: 0.25% for KEMX and 0.40% for IDEQ.
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