BVN vs. EMEQ

Last updated Jun 4, 2026

BVN (Compañía de Minas Buenaventura S.A.A.) is a stock, while EMEQ (Nomura Focused Emerging Markets Equity ETF) is Emerging Markets Diversified fund actively managed by Nomura. Over the past year, BVN returned 118.60% vs 166.45% for EMEQ. At a 0.32 correlation, their price movements are largely independent.

Performance

BVN vs. EMEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Compañía de Minas Buenaventura S.A.A. (BVN) 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, BVN achieves a 25.20% return, which is significantly lower than EMEQ's 78.09% return.

BVN

• 1D: -2.67%
• 1M: 7.39%
• YTD: 25.20%
• 6M: 38.27%
• 1Y: 118.60%
• 3Y*: 73.75%
• 5Y*: 24.37%
• 10Y*: 12.87%

EMEQ

• 1D: -1.28%
• 1M: 23.68%
• YTD: 78.09%
• 6M: 88.05%
• 1Y: 166.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BVN vs. EMEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BVN Compañía de Minas Buenaventura S.A.A.	25.20%	147.96%	-6.04%
EMEQ Nomura Focused Emerging Markets Equity ETF	78.09%	69.78%	-1.16%

Correlation

The correlation between BVN and EMEQ is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024	0.32

Return for Risk

BVN vs. EMEQ — Risk / Return Rank

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

BVN

BVN Risk / Return Rank: 87
BVN Sharpe Ratio Rank: 91
BVN Sortino Ratio Rank: 85
BVN Omega Ratio Rank: 86
BVN Calmar Ratio Rank: 87
BVN Martin Ratio Rank: 88

EMEQ

EMEQ Risk / Return Rank: 96
EMEQ Sharpe Ratio Rank: 98
EMEQ Sortino Ratio Rank: 95
EMEQ Omega Ratio Rank: 95
EMEQ Calmar Ratio Rank: 96
EMEQ Martin Ratio Rank: 96

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.

BVN vs. EMEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Compañía de Minas Buenaventura S.A.A. (BVN) 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.

	BVN	EMEQ	Difference
Sharpe ratio: Return per unit of total volatility	2.46	5.22	-2.76
Sortino ratio: Return per unit of downside risk	2.75	5.25	-2.51
Omega ratio: Gain probability vs. loss probability	1.37	1.75	-0.38
Calmar ratio: Return relative to maximum drawdown	3.89	9.35	-5.46
Martin ratio: Return relative to average drawdown	10.46	37.42	-26.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BVN vs. EMEQ - Sharpe Ratio Comparison

The current BVN Sharpe Ratio is 2.46, which is lower than the EMEQ Sharpe Ratio of 5.22. The chart below compares the historical Sharpe Ratios of BVN 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.

Sharpe Ratios by Period

	BVN	EMEQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	5.22	-2.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	2.95	-2.78

Drawdowns

BVN vs. EMEQ - Drawdown Comparison

The maximum BVN drawdown since its inception was -93.68%, which is greater than EMEQ's maximum drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for BVN and EMEQ.

Drawdown Indicators

	BVN	EMEQ	Difference
Max Drawdown Largest peak-to-trough decline	-93.68%	-19.99%	-73.69%
Max Drawdown (1Y) Largest decline over 1 year	-30.64%	-17.91%	-12.73%
Max Drawdown (3Y) Largest decline over 3 years	-38.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-56.92%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-70.15%	—	—
Current Drawdown Current decline from peak	-30.34%	-1.28%	-29.06%
Average Drawdown Average peak-to-trough decline	-46.42%	-3.97%	-42.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.39%	4.47%	+6.92%

Volatility

BVN vs. EMEQ - Volatility Comparison

Compañía de Minas Buenaventura S.A.A. (BVN) has a higher volatility of 17.27% compared to Nomura Focused Emerging Markets Equity ETF (EMEQ) at 15.18%. This indicates that BVN'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

	BVN	EMEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.27%	15.18%	+2.09%
Volatility (6M) Calculated over the trailing 6-month period	40.47%	28.51%	+11.96%
Volatility (1Y) Calculated over the trailing 1-year period	48.56%	32.10%	+16.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.61%	29.97%	+15.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.80%	29.97%	+15.83%

Dividends

BVN vs. EMEQ - Dividend Comparison

BVN's dividend yield for the trailing twelve months is around 3.35%, more than EMEQ's 1.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BVN Compañía de Minas Buenaventura S.A.A.	3.35%	1.57%	0.63%	0.48%	0.98%	0.00%	0.00%	0.58%	0.55%	0.60%	0.26%
EMEQ Nomura Focused Emerging Markets Equity ETF	1.55%	2.76%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BVN and EMEQ in my portfolio?

BVN and EMEQ have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BVN or EMEQ?

BVN has higher volatility (17.27%) compared to EMEQ (15.18%). In terms of maximum drawdown, BVN dropped -93.68% vs EMEQ's -19.99%.

Which has better risk-adjusted returns?

EMEQ currently has the higher Sharpe Ratio (5.22 vs 2.46), 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.