TEMUX vs. LZEMX
Compare and contrast key facts about Morgan Stanley Pathway Funds Emerging Markets Equity Fund (TEMUX) and Lazard Emerging Markets Equity Portfolio (LZEMX).
TEMUX is managed by Morgan Stanley. It was launched on Apr 19, 1994. LZEMX is managed by Lazard. It was launched on Jul 14, 1994.
Performance
TEMUX vs. LZEMX - Performance Comparison
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TEMUX vs. LZEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEMUX Morgan Stanley Pathway Funds Emerging Markets Equity Fund | 2.63% | 34.68% | 5.47% | 9.87% | -21.75% | -3.50% | 11.18% | 22.44% | -18.73% | 39.16% |
LZEMX Lazard Emerging Markets Equity Portfolio | 6.61% | 41.35% | 7.60% | 22.44% | -14.86% | 5.37% | -0.07% | 18.06% | -18.11% | 28.02% |
Returns By Period
In the year-to-date period, TEMUX achieves a 2.63% return, which is significantly lower than LZEMX's 6.61% return. Over the past 10 years, TEMUX has underperformed LZEMX with an annualized return of 7.16%, while LZEMX has yielded a comparatively higher 9.39% annualized return.
TEMUX
- 1D
- 1.93%
- 1M
- -9.28%
- YTD
- 2.63%
- 6M
- 7.80%
- 1Y
- 32.54%
- 3Y*
- 15.21%
- 5Y*
- 3.01%
- 10Y*
- 7.16%
LZEMX
- 1D
- 1.54%
- 1M
- -7.29%
- YTD
- 6.61%
- 6M
- 16.90%
- 1Y
- 40.50%
- 3Y*
- 22.54%
- 5Y*
- 11.01%
- 10Y*
- 9.39%
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TEMUX vs. LZEMX - Expense Ratio Comparison
TEMUX has a 0.81% expense ratio, which is lower than LZEMX's 1.06% expense ratio.
Return for Risk
TEMUX vs. LZEMX — Risk / Return Rank
TEMUX
LZEMX
TEMUX vs. LZEMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds Emerging Markets Equity Fund (TEMUX) and Lazard Emerging Markets Equity Portfolio (LZEMX). 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.
| TEMUX | LZEMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.12 | 2.95 | -0.83 |
Sortino ratioReturn per unit of downside risk | 2.84 | 3.72 | -0.89 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.57 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.31 | 3.86 | -1.56 |
Martin ratioReturn relative to average drawdown | 8.99 | 14.21 | -5.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TEMUX | LZEMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.95 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.78 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.58 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.39 | -0.14 |
Correlation
The correlation between TEMUX and LZEMX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TEMUX vs. LZEMX - Dividend Comparison
TEMUX's dividend yield for the trailing twelve months is around 2.36%, more than LZEMX's 1.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TEMUX Morgan Stanley Pathway Funds Emerging Markets Equity Fund | 2.36% | 2.43% | 2.09% | 2.41% | 1.92% | 4.47% | 1.96% | 1.81% | 1.67% | 1.26% | 1.10% | 1.44% |
LZEMX Lazard Emerging Markets Equity Portfolio | 1.92% | 2.05% | 3.11% | 3.76% | 5.92% | 4.89% | 2.11% | 2.45% | 2.10% | 1.99% | 1.48% | 2.14% |
Drawdowns
TEMUX vs. LZEMX - Drawdown Comparison
The maximum TEMUX drawdown since its inception was -68.20%, which is greater than LZEMX's maximum drawdown of -60.08%. Use the drawdown chart below to compare losses from any high point for TEMUX and LZEMX.
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Drawdown Indicators
| TEMUX | LZEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.20% | -60.08% | -8.12% |
Max Drawdown (1Y)Largest decline over 1 year | -13.10% | -10.42% | -2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -38.67% | -30.55% | -8.12% |
Max Drawdown (10Y)Largest decline over 10 years | -40.17% | -44.08% | +3.91% |
Current DrawdownCurrent decline from peak | -11.43% | -9.04% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -21.95% | -16.71% | -5.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 2.89% | +0.78% |
Volatility
TEMUX vs. LZEMX - Volatility Comparison
Morgan Stanley Pathway Funds Emerging Markets Equity Fund (TEMUX) has a higher volatility of 7.82% compared to Lazard Emerging Markets Equity Portfolio (LZEMX) at 6.23%. This indicates that TEMUX's price experiences larger fluctuations and is considered to be riskier than LZEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEMUX | LZEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.82% | 6.23% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 11.80% | 9.72% | +2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.74% | 14.30% | +4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 14.11% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.57% | 16.34% | +1.23% |