KEMX vs. IDEQ

Last updated Jun 3, 2026

KEMX (KraneShares MSCI Emerging Markets ex China Index ETF) and IDEQ (Lazard International Dynamic Equity ETF) are both Foreign Large Cap Equities funds. KEMX is passively managed, while IDEQ is actively managed. Their correlation of 0.84 suggests significant overlap in exposure. KEMX charges 0.25%/yr vs 0.40%/yr for IDEQ.

Performance

KEMX vs. IDEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) and Lazard International Dynamic Equity ETF (IDEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KEMX achieves a 44.15% return, which is significantly higher than IDEQ's 17.69% return.

KEMX

• 1D: 0.91%
• 1M: 14.75%
• YTD: 44.15%
• 6M: 50.30%
• 1Y: 82.49%
• 3Y*: 30.23%
• 5Y*: 14.09%
• 10Y*: —

IDEQ

• 1D: 0.85%
• 1M: 4.87%
• YTD: 17.69%
• 6M: 21.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KEMX vs. IDEQ - Yearly Performance Comparison

	2026 (YTD)	2025
KEMX KraneShares MSCI Emerging Markets ex China Index ETF	44.15%	17.73%
IDEQ Lazard International Dynamic Equity ETF	17.69%	11.77%

Correlation

The correlation between KEMX and IDEQ is 0.84, 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 Sep 2, 2025	0.84

Return for Risk

KEMX vs. IDEQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KEMX

KEMX Risk / Return Rank: 92
KEMX Sharpe Ratio Rank: 94
KEMX Sortino Ratio Rank: 91
KEMX Omega Ratio Rank: 93
KEMX Calmar Ratio Rank: 89
KEMX Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	KEMX	IDEQ	Difference
Sharpe ratio Return per unit of total volatility	3.71	—	—
Sortino ratio Return per unit of downside risk	4.43	—	—
Omega ratio Gain probability vs. loss probability	1.64	—	—
Calmar ratio Return relative to maximum drawdown	5.44	—	—
Martin ratio Return relative to average drawdown	21.72	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KEMX	IDEQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.71	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	2.40	-1.71

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.

Drawdown Indicators

	KEMX	IDEQ	Difference
Max Drawdown Largest peak-to-trough decline	-38.80%	-12.95%	-25.85%
Max Drawdown (1Y) Largest decline over 1 year	-15.36%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.85%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.86%	-2.10%	-6.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.85%	—	—

Volatility

Volatility by Period

	KEMX	IDEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.34%	18.41%	+3.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.20%	18.41%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.94%	18.41%	+2.53%

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 2.28%, more than IDEQ's 0.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IDEQ Lazard International Dynamic Equity ETF	0.51%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KEMX KraneShares MSCI Emerging Markets ex China Index ETF	2.28%	3.28%	3.39%	2.00%	4.10%	4.79%	1.69%	2.77%

Frequently Asked Questions

Can I hold both KEMX and IDEQ in my portfolio?

KEMX and IDEQ have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KEMX or IDEQ?

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.

Which ETF is cheaper, KEMX or IDEQ?

KEMX is cheaper with a 0.25% expense ratio, compared with 0.40% for IDEQ.

Which ETF pays a higher dividend yield, KEMX or IDEQ?

KEMX has the higher dividend yield at 2.28%, compared with 0.51% for IDEQ.

What is the main difference between KEMX and IDEQ?

They also come from different issuers: CICC and Lazard. Their fees differ too: 0.25% for KEMX and 0.40% for IDEQ.