XC vs. EMKT

Last updated Jun 24, 2026

XC (WisdomTree Emerging Markets ex-China Fund) and EMKT (Lazard Emerging Markets Opportunities ETF) are both Emerging Markets Diversified funds. XC is passively managed, while EMKT is actively managed. A 0.77 correlation means they provide meaningful diversification when combined. XC charges 0.32%/yr vs 0.74%/yr for EMKT.

Performance

XC vs. EMKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets ex-China Fund (XC) 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, XC achieves a -1.97% return, which is significantly lower than EMKT's 25.38% return.

XC

• 1D: -1.25%
• 1M: 0.63%
• YTD: -1.97%
• 6M: -2.47%
• 1Y: 7.06%
• 3Y*: 10.32%
• 5Y*: —
• 10Y*: —

EMKT

• 1D: -5.64%
• 1M: 3.35%
• YTD: 25.38%
• 6M: 26.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XC vs. EMKT - Yearly Performance Comparison

	2026 (YTD)	2025
XC WisdomTree Emerging Markets ex-China Fund	-1.97%	2.24%
EMKT Lazard Emerging Markets Opportunities ETF	25.38%	-1.26%

Correlation

The correlation between XC and EMKT is 0.77, 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	0.77

Return for Risk

XC vs. EMKT — Risk / Return Rank

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

XC

XC Risk / Return Rank: 16
XC Sharpe Ratio Rank: 16
XC Sortino Ratio Rank: 16
XC Omega Ratio Rank: 15
XC Calmar Ratio Rank: 15
XC Martin Ratio Rank: 16

EMKT

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

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.

XC vs. EMKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets ex-China Fund (XC) 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.

	XC	EMKT	Difference
Sharpe ratio: Return per unit of total volatility	0.47	—	—
Sortino ratio: Return per unit of downside risk	0.78	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.57	—	—
Martin ratio: Return relative to average drawdown	1.51	—	—

Drawdowns

XC vs. EMKT - Drawdown Comparison

The maximum XC drawdown since its inception was -20.97%, which is greater than EMKT's maximum drawdown of -14.21%. Use the drawdown chart below to compare losses from any high point for XC and EMKT.

Drawdown Indicators

	XC	EMKT	Difference
Max Drawdown Largest peak-to-trough decline	-20.97%	-14.21%	-6.76%
Max Drawdown (1Y) Largest decline over 1 year	-12.47%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.97%	—	—
Current Drawdown Current decline from peak	-7.94%	-5.64%	-2.30%
Average Drawdown Average peak-to-trough decline	-4.17%	-3.10%	-1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.69%	—	—

Volatility

Volatility by Period

	XC	EMKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.09%	24.71%	-9.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.92%	24.71%	-8.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.92%	24.71%	-8.79%

XC vs. EMKT - Expense Ratio Comparison

XC has a 0.32% expense ratio, which is lower than EMKT's 0.74% expense ratio.

Dividends

XC vs. EMKT - Dividend Comparison

XC's dividend yield for the trailing twelve months is around 12.22%, more than EMKT's 0.44% yield.

Position	TTM	2025	2024	2023	2022
EMKT Lazard Emerging Markets Opportunities ETF	0.44%	0.00%	0.00%	0.00%	0.00%
XC WisdomTree Emerging Markets ex-China Fund	12.22%	11.74%	1.49%	1.42%	0.57%

Frequently Asked Questions

Can I hold both XC and EMKT in my portfolio?

XC and EMKT have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XC or EMKT?

On fees, XC is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XC or EMKT?

XC is cheaper with a 0.32% expense ratio, compared with 0.74% for EMKT.

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

XC has the higher dividend yield at 12.22%, compared with 0.44% for EMKT.

What is the main difference between XC and EMKT?

They also come from different issuers: WisdomTree and Lazard. Their fees differ too: 0.32% for XC and 0.74% for EMKT.