BELFA vs. EMEQ

Last updated Jul 18, 2026

BELFA (Bel Fuse 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, BELFA returned 150.35% vs 107.24% for EMEQ. At a 0.43 correlation, their price movements are largely independent.

Performance

BELFA vs. EMEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bel Fuse Inc. (BELFA) 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, BELFA achieves a 50.81% return, which is significantly lower than EMEQ's 55.76% return.

BELFA

• 1D: 1.66%
• 1M: -13.88%
• 6M: 25.24%
• YTD: 50.81%
• 1Y: 150.35%
• 3Y*: 50.71%
• 5Y*: 75.85%
• 10Y*: 31.22%

EMEQ

• 1D: -0.91%
• 1M: -11.82%
• 6M: 42.33%
• YTD: 55.76%
• 1Y: 107.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BELFA vs. EMEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BELFA Bel Fuse Inc.	50.81%	68.98%	4.21%
EMEQ Nomura Focused Emerging Markets Equity ETF	55.76%	69.78%	-0.73%

Correlation

The correlation between BELFA and EMEQ is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.43

Return for Risk

BELFA vs. EMEQ — Risk / Return Rank

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

BELFA

BELFA Risk / Return Rank: 94
BELFA Sharpe Ratio Rank: 96
BELFA Sortino Ratio Rank: 89
BELFA Omega Ratio Rank: 91
BELFA Calmar Ratio Rank: 96
BELFA Martin Ratio Rank: 97

EMEQ

EMEQ Risk / Return Rank: 91
EMEQ Sharpe Ratio Rank: 94
EMEQ Sortino Ratio Rank: 84
EMEQ Omega Ratio Rank: 89
EMEQ Calmar Ratio Rank: 94
EMEQ Martin Ratio Rank: 93

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.

BELFA vs. EMEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bel Fuse Inc. (BELFA) 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.

	BELFA	EMEQ	Difference
Sharpe ratio: Return per unit of total volatility	2.58	2.75	-0.17
Sortino ratio: Return per unit of downside risk	2.76	3.04	-0.28
Omega ratio: Gain probability vs. loss probability	1.38	1.44	-0.06
Calmar ratio: Return relative to maximum drawdown	6.00	5.44	+0.56
Martin ratio: Return relative to average drawdown	17.76	18.20	-0.44

BELFA vs. EMEQ - Sharpe Ratio Comparison

The current BELFA Sharpe Ratio is 2.58, which is comparable to the EMEQ Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of BELFA 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

BELFA vs. EMEQ - Drawdown Comparison

The maximum BELFA drawdown since its inception was -89.86%, which is greater than EMEQ's maximum drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for BELFA and EMEQ.

Drawdown Indicators

	BELFA	EMEQ	Difference
Max Drawdown Largest peak-to-trough decline	-89.86%	-19.99%	-69.87%
Max Drawdown (1Y) Largest decline over 1 year	-25.21%	-19.83%	-5.38%
Max Drawdown (3Y) Largest decline over 3 years	-43.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-43.43%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-78.04%	—	—
Current Drawdown Current decline from peak	-21.44%	-19.83%	-1.61%
Average Drawdown Average peak-to-trough decline	-50.38%	-4.34%	-46.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.50%	5.91%	+2.59%

Volatility

BELFA vs. EMEQ - Volatility Comparison

Bel Fuse Inc. (BELFA) has a higher volatility of 26.83% compared to Nomura Focused Emerging Markets Equity ETF (EMEQ) at 17.28%. This indicates that BELFA'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

	BELFA	EMEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.83%	17.28%	+9.55%
Volatility (6M) Calculated over the trailing 6-month period	45.83%	36.59%	+9.24%
Volatility (1Y) Calculated over the trailing 1-year period	58.65%	39.20%	+19.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.85%	33.70%	+17.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.24%	33.70%	+27.54%

Dividends

BELFA vs. EMEQ - Dividend Comparison

BELFA's dividend yield for the trailing twelve months is around 0.10%, less than EMEQ's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BELFA Bel Fuse Inc.	0.10%	0.16%	0.27%	0.39%	0.78%	1.60%	1.81%	1.48%	1.75%	1.10%	0.95%	1.64%
EMEQ Nomura Focused Emerging Markets Equity ETF	1.77%	2.76%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BELFA and EMEQ in my portfolio?

BELFA and EMEQ have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BELFA or EMEQ?

BELFA has higher volatility (26.83%) compared to EMEQ (17.28%). In terms of maximum drawdown, BELFA dropped -89.86% vs EMEQ's -19.99%.

Which has better risk-adjusted returns?

EMEQ currently has the higher Sharpe Ratio (2.75 vs 2.58), 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.