LVAZX vs. EITEX
LVAZX (LSV Emerging Markets Equity Fund) and EITEX (Parametric Tax-Managed Emerging Markets Fund) are both Emerging Markets Equities funds. Over the past 5 years, LVAZX returned 14.83%/yr vs 7.08%/yr for EITEX. Their correlation of 0.87 means they have usually moved in the same direction. LVAZX charges 1.45%/yr vs 0.96%/yr for EITEX.
Performance
LVAZX vs. EITEX - Performance Comparison
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Returns By Period
In the year-to-date period, LVAZX achieves a 24.39% return, which is significantly higher than EITEX's 9.06% return.
LVAZX
- 1D
- 3.05%
- 1M
- -1.28%
- 6M
- 13.15%
- YTD
- 24.39%
- 1Y
- 46.61%
- 3Y*
- 25.42%
- 5Y*
- 14.83%
- 10Y*
- —
- ALL TIME*
- 12.92%
EITEX
- 1D
- 1.90%
- 1M
- 0.59%
- 6M
- 1.44%
- YTD
- 9.06%
- 1Y
- 21.79%
- 3Y*
- 13.29%
- 5Y*
- 7.08%
- 10Y*
- 6.67%
- ALL TIME*
- 8.71%
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 |
LVAZX vs. EITEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LVAZX LSV Emerging Markets Equity Fund | 24.39% | 39.90% | 7.26% | 21.26% | -13.03% | 13.77% | 5.03% | 5.91% |
EITEX Parametric Tax-Managed Emerging Markets Fund | 9.06% | 28.58% | 4.67% | 10.69% | -12.11% | 4.47% | 4.51% | 6.81% |
Correlation
The correlation between LVAZX and EITEX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2019 | 0.87 |
The correlation between LVAZX and EITEX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
LVAZX vs. EITEX — Risk / Return Rank
LVAZX
EITEX
LVAZX vs. EITEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LSV Emerging Markets Equity Fund (LVAZX) and Parametric Tax-Managed Emerging Markets Fund (EITEX). 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.
| LVAZX | EITEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.30 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | 2.06 | +1.69 |
| Martin ratioReturn relative to average drawdown | 11.29 | 6.75 | +4.53 |
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Drawdowns
LVAZX vs. EITEX - Drawdown Comparison
The maximum LVAZX drawdown since its inception was -37.87%, smaller than the maximum EITEX drawdown of -61.70%. Use the drawdown chart below to compare losses from any high point for LVAZX and EITEX.
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Drawdown Indicators
| LVAZX | EITEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.87% | -61.70% | +23.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.58% | -9.88% | -1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -11.86% | -3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -27.07% | -25.58% | -1.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.10% | — |
Current DrawdownCurrent decline from peak | -8.88% | -3.67% | -5.21% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -13.87% | +7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 3.01% | +0.84% |
Volatility
LVAZX vs. EITEX - Volatility Comparison
LSV Emerging Markets Equity Fund (LVAZX) has a higher volatility of 8.31% compared to Parametric Tax-Managed Emerging Markets Fund (EITEX) at 4.18%. This indicates that LVAZX's price experiences larger fluctuations and is considered to be riskier than EITEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LVAZX | EITEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.31% | 4.18% | +4.13% |
Volatility (6M)Calculated over the trailing 6-month period | 18.28% | 11.82% | +6.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.93% | 13.23% | +6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.34% | 12.53% | +2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 13.74% | +2.67% |
LVAZX vs. EITEX - Expense Ratio Comparison
LVAZX has a 1.45% expense ratio, which is higher than EITEX's 0.96% expense ratio.
Dividends
LVAZX vs. EITEX - Dividend Comparison
LVAZX's dividend yield for the trailing twelve months is around 4.12%, less than EITEX's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EITEX Parametric Tax-Managed Emerging Markets Fund | 4.38% | 4.77% | 4.58% | 5.85% | 10.39% | 9.72% | 1.79% | 2.63% | 2.26% | 1.80% | 1.67% | 2.11% |
LVAZX LSV Emerging Markets Equity Fund | 4.12% | 5.12% | 1.39% | 4.58% | 3.14% | 8.50% | 2.54% | 2.99% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, LVAZX and EITEX 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.
LVAZX has higher volatility (8.31%) compared to EITEX (4.18%). In terms of maximum drawdown, LVAZX dropped -37.87% vs EITEX's -61.70%.
LVAZX currently has the higher Sharpe Ratio (2.18 vs 1.54), 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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