AMBA vs. EMEQ
AMBA (Ambarella, Inc.) is a stock, while EMEQ (Nomura Focused Emerging Markets Equity ETF) is Emerging Markets Diversified fund actively managed by Nomura. Over the past year, AMBA returned 15.58% vs 127.62% for EMEQ. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
AMBA vs. EMEQ - Performance Comparison
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Returns By Period
In the year-to-date period, AMBA achieves a 9.12% return, which is significantly lower than EMEQ's 70.04% return.
AMBA
- 1D
- -1.38%
- 1M
- 17.48%
- 6M
- 11.62%
- YTD
- 9.12%
- 1Y
- 15.58%
- 3Y*
- -1.42%
- 5Y*
- -5.30%
- 10Y*
- 3.49%
EMEQ
- 1D
- 0.10%
- 1M
- 0.76%
- 6M
- 58.06%
- YTD
- 70.04%
- 1Y
- 127.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMBA vs. EMEQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AMBA Ambarella, Inc. | 9.12% | -2.61% | 32.11% |
EMEQ Nomura Focused Emerging Markets Equity ETF | 70.04% | 69.78% | -0.73% |
Correlation
The correlation between AMBA and EMEQ is 0.55, 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 | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.51 |
The correlation between AMBA and EMEQ has been stable across timeframes, ranging from 0.51 to 0.55 - a consistent structural relationship.
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Return for Risk
AMBA vs. EMEQ — Risk / Return Rank
AMBA
EMEQ
AMBA vs. EMEQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ambarella, Inc. (AMBA) and Nomura Focused Emerging Markets Equity ETF (EMEQ). 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.
| AMBA | EMEQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.51 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 6.98 | -6.68 |
| Martin ratioReturn relative to average drawdown | 0.59 | 23.27 | -22.68 |
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Drawdowns
AMBA vs. EMEQ - Drawdown Comparison
The maximum AMBA drawdown since its inception was -81.65%, which is greater than EMEQ's maximum drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for AMBA and EMEQ.
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Drawdown Indicators
| AMBA | EMEQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.65% | -19.99% | -61.66% |
Max Drawdown (1Y)Largest decline over 1 year | -49.06% | -17.91% | -31.15% |
Max Drawdown (3Y)Largest decline over 3 years | -52.74% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -81.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -81.65% | — | — |
Current DrawdownCurrent decline from peak | -64.35% | -12.48% | -51.87% |
Average DrawdownAverage peak-to-trough decline | -48.51% | -4.19% | -44.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.62% | 5.36% | +19.26% |
Volatility
AMBA vs. EMEQ - Volatility Comparison
Ambarella, Inc. (AMBA) has a higher volatility of 35.14% compared to Nomura Focused Emerging Markets Equity ETF (EMEQ) at 18.22%. This indicates that AMBA's price experiences larger fluctuations and is considered to be riskier than EMEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMBA | EMEQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.14% | 18.22% | +16.92% |
Volatility (6M)Calculated over the trailing 6-month period | 57.00% | 35.48% | +21.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.60% | 38.20% | +34.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.11% | 33.24% | +31.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.86% | 33.24% | +24.62% |
Dividends
AMBA vs. EMEQ - Dividend Comparison
AMBA has not paid dividends to shareholders, while EMEQ's dividend yield for the trailing twelve months is around 1.62%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AMBA Ambarella, Inc. | 0.00% | 0.00% | 0.00% |
EMEQ Nomura Focused Emerging Markets Equity ETF | 1.62% | 2.76% | 0.84% |
Frequently Asked Questions
AMBA and EMEQ have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMBA has higher volatility (35.14%) compared to EMEQ (18.22%). In terms of maximum drawdown, AMBA dropped -81.65% vs EMEQ's -19.99%.
EMEQ currently has the higher Sharpe Ratio (3.27 vs 0.20), 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.
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