SYZ vs. EMKT

Last updated Jun 23, 2026

SYZ (Lazard US Systematic Small Cap Equity ETF) and EMKT (Lazard Emerging Markets Opportunities ETF) are both exchange-traded funds - SYZ is a Small Cap Blend Equities fund actively managed by Lazard, while EMKT is a Emerging Markets Diversified fund actively managed by Lazard. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. SYZ charges 0.60%/yr vs 0.74%/yr for EMKT.

Performance

SYZ vs. EMKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard US Systematic Small Cap Equity ETF (SYZ) 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, SYZ achieves a 20.48% return, which is significantly lower than EMKT's 32.87% return.

SYZ

• 1D: 0.41%
• 1M: 4.00%
• YTD: 20.48%
• 6M: 18.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMKT

• 1D: 0.39%
• 1M: 9.53%
• YTD: 32.87%
• 6M: 34.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SYZ vs. EMKT - Yearly Performance Comparison

	2026 (YTD)	2025
SYZ Lazard US Systematic Small Cap Equity ETF	20.48%	0.97%
EMKT Lazard Emerging Markets Opportunities ETF	32.87%	-1.26%

Correlation

The correlation between SYZ and EMKT is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.63

Return for Risk

SYZ vs. EMKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard US Systematic Small Cap Equity ETF (SYZ) 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.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

SYZ vs. EMKT - Drawdown Comparison

The maximum SYZ drawdown since its inception was -8.00%, smaller than the maximum EMKT drawdown of -14.21%. Use the drawdown chart below to compare losses from any high point for SYZ and EMKT.

Drawdown Indicators

	SYZ	EMKT	Difference
Max Drawdown Largest peak-to-trough decline	-8.00%	-14.21%	+6.21%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.02%	-3.08%	+1.06%

Volatility

Volatility by Period

	SYZ	EMKT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.91%	23.71%	-6.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	23.71%	-6.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	23.71%	-6.80%

SYZ vs. EMKT - Expense Ratio Comparison

SYZ has a 0.60% expense ratio, which is lower than EMKT's 0.74% expense ratio.

Dividends

SYZ vs. EMKT - Dividend Comparison

SYZ's dividend yield for the trailing twelve months is around 0.24%, less than EMKT's 0.42% yield.

Position	TTM
EMKT Lazard Emerging Markets Opportunities ETF	0.42%
SYZ Lazard US Systematic Small Cap Equity ETF	0.24%

Frequently Asked Questions

Can I hold both SYZ and EMKT in my portfolio?

SYZ and EMKT have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SYZ or EMKT?

On fees, SYZ is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SYZ or EMKT?

SYZ is cheaper with a 0.60% expense ratio, compared with 0.74% for EMKT.

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

EMKT has the higher dividend yield at 0.42%, compared with 0.24% for SYZ.

What is the main difference between SYZ and EMKT?

SYZ is categorized as Small Cap Blend Equities, while EMKT is Emerging Markets Diversified. Their fees differ too: 0.60% for SYZ and 0.74% for EMKT.