AMSC vs. EMEQ

Last updated Aug 1, 2026

AMSC (American Superconductor Corporation) is a stock, while EMEQ (Nomura Focused Emerging Markets Equity ETF) is Emerging Markets Equities fund actively managed by Nomura. Over the past year, AMSC returned -48.34% vs 107.90% for EMEQ. Their 0.46 correlation means their historical movements had little consistent relationship.

Performance

AMSC vs. EMEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Superconductor Corporation (AMSC) and Nomura Focused Emerging Markets Equity ETF (EMEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMSC achieves a 2.05% return, which is significantly lower than EMEQ's 53.76% return.

AMSC

• 1D: -0.27%
• 1M: -26.43%
• 6M: -1.84%
• YTD: 2.05%
• 1Y: -48.34%
• 3Y*: 22.11%
• 5Y*: 15.89%
• 10Y*: 12.68%
• ALL TIME*: -3.05%

EMEQ

• 1D: 1.33%
• 1M: -11.21%
• 6M: 30.45%
• YTD: 53.76%
• 1Y: 107.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 65.06%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMSC American Superconductor Corporation	$27.27M	$25.36M	$48.11M
EMEQ Nomura Focused Emerging Markets Equity ETF	$8.75M	$9.16M	$11.52M

AMSC vs. EMEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMSC American Superconductor Corporation	2.05%	16.85%	31.50%
EMEQ Nomura Focused Emerging Markets Equity ETF	53.76%	69.78%	-0.73%

Correlation

The correlation between AMSC and EMEQ is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.46

The correlation between AMSC and EMEQ shifts across timeframes, from 0.46 (all time) to 0.57 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AMSC vs. EMEQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AMSC

AMSC Risk / Return Rank: 18
AMSC Sharpe Ratio Rank: 18
AMSC Sortino Ratio Rank: 22
AMSC Omega Ratio Rank: 22
AMSC Calmar Ratio Rank: 13
AMSC Martin Ratio Rank: 15

EMEQ

EMEQ Risk / Return Rank: 91
EMEQ Sharpe Ratio Rank: 95
EMEQ Sortino Ratio Rank: 88
EMEQ Omega Ratio Rank: 90
EMEQ Calmar Ratio Rank: 92
EMEQ Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AMSC vs. EMEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Superconductor Corporation (AMSC) 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.

	AMSC	EMEQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.59	2.69	-3.28
Sortino ratio: Return per unit of downside risk	-0.47	2.99	-3.46
Omega ratio: Gain probability vs. loss probability	0.94	1.43	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.79	4.13	-4.93
Martin ratio: Return relative to average drawdown	-1.21	15.08	-16.29

AMSC vs. EMEQ - Sharpe Ratio Comparison

The current AMSC Sharpe Ratio is -0.59, which is lower than the EMEQ Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of AMSC and EMEQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMSC vs. EMEQ - Drawdown Comparison

The maximum AMSC drawdown since its inception was -99.57%, which is greater than EMEQ's maximum drawdown of -26.25%. Use the drawdown chart below to compare losses from any high point for AMSC and EMEQ.

Drawdown Indicators

	AMSC	EMEQ	Difference
Max Drawdown Largest peak-to-trough decline	-99.57%	-26.25%	-73.32%
Max Drawdown (1Y) Largest decline over 1 year	-61.08%	-26.25%	-34.83%
Max Drawdown (3Y) Largest decline over 3 years	-61.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-82.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-89.06%	—	—
Current Drawdown Current decline from peak	-95.76%	-20.86%	-74.90%
Average Drawdown Average peak-to-trough decline	-75.83%	-4.67%	-71.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.10%	7.18%	+32.92%

Volatility

AMSC vs. EMEQ - Volatility Comparison

American Superconductor Corporation (AMSC) has a higher volatility of 22.38% compared to Nomura Focused Emerging Markets Equity ETF (EMEQ) at 14.87%. This indicates that AMSC'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.

Volatility by Period

	AMSC	EMEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.38%	14.87%	+7.51%
Volatility (6M) Calculated over the trailing 6-month period	57.61%	37.54%	+20.07%
Volatility (1Y) Calculated over the trailing 1-year period	87.44%	40.39%	+47.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.66%	34.15%	+53.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.49%	34.15%	+45.34%

Dividends

AMSC vs. EMEQ - Dividend Comparison

AMSC has not paid dividends to shareholders, while EMEQ's dividend yield for the trailing twelve months is around 1.79%.

Position	TTM	2025	2024
AMSC American Superconductor Corporation	0.00%	0.00%	0.00%
EMEQ Nomura Focused Emerging Markets Equity ETF	1.79%	2.76%	0.84%

Frequently Asked Questions

Can I hold both AMSC and EMEQ in my portfolio?

AMSC and EMEQ have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMSC or EMEQ?

AMSC has higher volatility (22.38%) compared to EMEQ (14.87%). In terms of maximum drawdown, AMSC dropped -99.57% vs EMEQ's -26.25%.

Which has better risk-adjusted returns?

EMEQ currently has the higher Sharpe Ratio (2.69 vs -0.59), 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.