OEQIX vs. EMPTX

Last updated Jun 6, 2026

OEQIX (Oaktree Emerging Markets Equity Fund) and EMPTX (UBS Emerging Markets Equity Opportunity Fund) are both Emerging Markets Diversified funds. Over the past 5 years, OEQIX returned 6.28%/yr vs 6.27%/yr for EMPTX. A 0.77 correlation means they provide meaningful diversification when combined. OEQIX charges 1.10%/yr vs 0.19%/yr for EMPTX.

Performance

OEQIX vs. EMPTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oaktree Emerging Markets Equity Fund (OEQIX) and UBS Emerging Markets Equity Opportunity Fund (EMPTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OEQIX achieves a 18.60% return, which is significantly lower than EMPTX's 28.33% return.

OEQIX

• 1D: -1.13%
• 1M: 0.25%
• YTD: 18.60%
• 6M: 20.97%
• 1Y: 49.69%
• 3Y*: 19.95%
• 5Y*: 6.28%
• 10Y*: —

EMPTX

• 1D: -1.53%
• 1M: 3.69%
• YTD: 28.33%
• 6M: 31.38%
• 1Y: 62.36%
• 3Y*: 26.26%
• 5Y*: 6.27%
• 10Y*: —

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

OEQIX vs. EMPTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
OEQIX Oaktree Emerging Markets Equity Fund	18.60%	46.19%	-2.39%	5.00%	-12.91%	-11.77%
EMPTX UBS Emerging Markets Equity Opportunity Fund	28.33%	43.82%	2.51%	8.92%	-25.38%	-12.01%

Correlation

The correlation between OEQIX and EMPTX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jun 4, 2021	0.77

The correlation between OEQIX and EMPTX shifts across timeframes, from 0.60 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

OEQIX vs. EMPTX — Risk / Return Rank

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

OEQIX

OEQIX Risk / Return Rank: 63
OEQIX Sharpe Ratio Rank: 69
OEQIX Sortino Ratio Rank: 52
OEQIX Omega Ratio Rank: 64
OEQIX Calmar Ratio Rank: 69
OEQIX Martin Ratio Rank: 60

EMPTX

EMPTX Risk / Return Rank: 93
EMPTX Sharpe Ratio Rank: 98
EMPTX Sortino Ratio Rank: 91
EMPTX Omega Ratio Rank: 90
EMPTX Calmar Ratio Rank: 92
EMPTX Martin Ratio Rank: 93

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.

OEQIX vs. EMPTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oaktree Emerging Markets Equity Fund (OEQIX) and UBS Emerging Markets Equity Opportunity Fund (EMPTX). 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.

	OEQIX	EMPTX	Difference
Sharpe ratio: Return per unit of total volatility	2.36	3.73	-1.37
Sortino ratio: Return per unit of downside risk	2.94	4.53	-1.59
Omega ratio: Gain probability vs. loss probability	1.43	1.67	-0.24
Calmar ratio: Return relative to maximum drawdown	3.09	4.83	-1.75
Martin ratio: Return relative to average drawdown	11.49	19.09	-7.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OEQIX vs. EMPTX - Sharpe Ratio Comparison

The current OEQIX Sharpe Ratio is 2.36, which is lower than the EMPTX Sharpe Ratio of 3.73. The chart below compares the historical Sharpe Ratios of OEQIX and EMPTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OEQIX	EMPTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	3.73	-1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.33	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.48	-0.15

Drawdowns

OEQIX vs. EMPTX - Drawdown Comparison

The maximum OEQIX drawdown since its inception was -33.54%, smaller than the maximum EMPTX drawdown of -46.03%. Use the drawdown chart below to compare losses from any high point for OEQIX and EMPTX.

Drawdown Indicators

	OEQIX	EMPTX	Difference
Max Drawdown Largest peak-to-trough decline	-33.54%	-46.03%	+12.49%
Max Drawdown (1Y) Largest decline over 1 year	-16.60%	-14.50%	-2.10%
Max Drawdown (3Y) Largest decline over 3 years	-19.75%	-15.50%	-4.25%
Max Drawdown (5Y) Largest decline over 5 years	-33.48%	-41.46%	+7.98%
Current Drawdown Current decline from peak	-2.39%	-1.68%	-0.71%
Average Drawdown Average peak-to-trough decline	-15.64%	-18.36%	+2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.45%	3.55%	+0.90%

Volatility

OEQIX vs. EMPTX - Volatility Comparison

Oaktree Emerging Markets Equity Fund (OEQIX) has a higher volatility of 9.15% compared to UBS Emerging Markets Equity Opportunity Fund (EMPTX) at 7.90%. This indicates that OEQIX's price experiences larger fluctuations and is considered to be riskier than EMPTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OEQIX	EMPTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.15%	7.90%	+1.25%
Volatility (6M) Calculated over the trailing 6-month period	18.62%	16.15%	+2.47%
Volatility (1Y) Calculated over the trailing 1-year period	21.69%	18.81%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.54%	19.29%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.54%	19.37%	+0.17%

OEQIX vs. EMPTX - Expense Ratio Comparison

OEQIX has a 1.10% expense ratio, which is higher than EMPTX's 0.19% expense ratio.

Dividends

OEQIX vs. EMPTX - Dividend Comparison

OEQIX's dividend yield for the trailing twelve months is around 1.67%, more than EMPTX's 1.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EMPTX UBS Emerging Markets Equity Opportunity Fund	1.49%	1.91%	3.40%	3.20%	3.84%	11.93%	1.50%	2.75%	0.54%
OEQIX Oaktree Emerging Markets Equity Fund	1.67%	1.98%	2.67%	2.89%	2.73%	0.70%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OEQIX and EMPTX in my portfolio?

OEQIX and EMPTX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OEQIX or EMPTX?

OEQIX has higher volatility (9.15%) compared to EMPTX (7.90%). In terms of maximum drawdown, OEQIX dropped -33.54% vs EMPTX's -46.03%.

Which has better risk-adjusted returns?

EMPTX currently has the higher Sharpe Ratio (3.73 vs 2.36), 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.