OAEM vs. EMKT

Last updated Jun 3, 2026

OAEM (OneAscent Emerging Markets ETF) and EMKT (Lazard Emerging Markets Opportunities ETF) are both Emerging Markets Diversified funds. Both are actively managed. Their correlation of 0.83 suggests significant overlap in exposure. OAEM charges 1.25%/yr vs 0.74%/yr for EMKT.

Performance

OAEM vs. EMKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OneAscent Emerging Markets ETF (OAEM) and Lazard Emerging Markets Opportunities ETF (EMKT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OAEM achieves a 37.57% return, which is significantly higher than EMKT's 31.94% return.

OAEM

• 1D: 0.78%
• 1M: 8.58%
• YTD: 37.57%
• 6M: 45.36%
• 1Y: 64.40%
• 3Y*: 21.64%
• 5Y*: —
• 10Y*: —

EMKT

• 1D: 1.04%
• 1M: 13.64%
• YTD: 31.94%
• 6M: 33.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OAEM vs. EMKT - Yearly Performance Comparison

	2026 (YTD)	2025
OAEM OneAscent Emerging Markets ETF	37.57%	4.82%
EMKT Lazard Emerging Markets Opportunities ETF	31.94%	-1.29%

Correlation

The correlation between OAEM and EMKT is 0.83, 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 Oct 28, 2025	0.83

Return for Risk

OAEM vs. EMKT — Risk / Return Rank

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

OAEM

OAEM Risk / Return Rank: 83
OAEM Sharpe Ratio Rank: 86
OAEM Sortino Ratio Rank: 79
OAEM Omega Ratio Rank: 82
OAEM Calmar Ratio Rank: 83
OAEM Martin Ratio Rank: 87

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.

OAEM vs. EMKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent Emerging Markets ETF (OAEM) and Lazard Emerging Markets Opportunities ETF (EMKT). 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.

	OAEM	EMKT	Difference
Sharpe ratio Return per unit of total volatility	2.91	—	—
Sortino ratio Return per unit of downside risk	3.62	—	—
Omega ratio Gain probability vs. loss probability	1.50	—	—
Calmar ratio Return relative to maximum drawdown	4.52	—	—
Martin ratio Return relative to average drawdown	18.91	—	—
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

	OAEM	EMKT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.14	2.52	-1.38

Drawdowns

OAEM vs. EMKT - Drawdown Comparison

The maximum OAEM drawdown since its inception was -17.05%, which is greater than EMKT's maximum drawdown of -14.21%. Use the drawdown chart below to compare losses from any high point for OAEM and EMKT.

Drawdown Indicators

	OAEM	EMKT	Difference
Max Drawdown Largest peak-to-trough decline	-17.05%	-14.21%	-2.84%
Max Drawdown (1Y) Largest decline over 1 year	-14.63%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.05%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.86%	-3.05%	-0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	—	—

Volatility

Volatility by Period

	OAEM	EMKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.30%	22.44%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.55%	22.44%	-2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.55%	22.44%	-2.89%

OAEM vs. EMKT - Expense Ratio Comparison

OAEM has a 1.25% expense ratio, which is higher than EMKT's 0.74% expense ratio.

Dividends

OAEM vs. EMKT - Dividend Comparison

OAEM's dividend yield for the trailing twelve months is around 0.56%, while EMKT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
EMKT Lazard Emerging Markets Opportunities ETF	0.00%	0.00%	0.00%	0.00%	0.00%
OAEM OneAscent Emerging Markets ETF	0.56%	0.77%	0.91%	1.63%	0.04%

Frequently Asked Questions

Can I hold both OAEM and EMKT in my portfolio?

OAEM and EMKT have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OAEM or EMKT?

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.

Which ETF is cheaper, OAEM or EMKT?

EMKT is cheaper with a 0.74% expense ratio, compared with 1.25% for OAEM.

Which ETF pays a higher dividend yield, OAEM or EMKT?

OAEM has the higher dividend yield at 0.56%, compared with 0.00% for EMKT.

What is the main difference between OAEM and EMKT?

They also come from different issuers: Oneascent and Lazard. Their fees differ too: 1.25% for OAEM and 0.74% for EMKT.