CVX vs. EMEQ
CVX (Chevron Corporation) is a stock, while EMEQ (Nomura Focused Emerging Markets Equity ETF) is Emerging Markets Diversified fund actively managed by Nomura. Over the past year, CVX returned 18.34% vs 127.62% for EMEQ. At a correlation of -0.00, they often move in opposite directions.
Performance
CVX vs. EMEQ - Performance Comparison
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Returns By Period
In the year-to-date period, CVX achieves a 17.94% return, which is significantly lower than EMEQ's 70.04% return.
CVX
- 1D
- 1.35%
- 1M
- -5.07%
- 6M
- 10.89%
- YTD
- 17.94%
- 1Y
- 18.34%
- 3Y*
- 8.17%
- 5Y*
- 15.79%
- 10Y*
- 9.70%
EMEQ
- 1D
- 0.10%
- 1M
- 0.76%
- 6M
- 58.06%
- YTD
- 70.04%
- 1Y
- 127.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CVX vs. EMEQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CVX Chevron Corporation | 17.94% | 10.10% | 2.99% |
EMEQ Nomura Focused Emerging Markets Equity ETF | 70.04% | 69.78% | -0.73% |
Correlation
The correlation between CVX and EMEQ is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | -0.00 |
The correlation between CVX and EMEQ shifts across timeframes, from -0.11 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CVX vs. EMEQ — Risk / Return Rank
CVX
EMEQ
CVX vs. EMEQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chevron Corporation (CVX) 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.
| CVX | EMEQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.42 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.51 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 6.98 | -6.05 |
| Martin ratioReturn relative to average drawdown | 2.63 | 23.27 | -20.64 |
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Drawdowns
CVX vs. EMEQ - Drawdown Comparison
The maximum CVX drawdown since its inception was -55.77%, which is greater than EMEQ's maximum drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for CVX and EMEQ.
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Drawdown Indicators
| CVX | EMEQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.77% | -19.99% | -35.78% |
Max Drawdown (1Y)Largest decline over 1 year | -20.81% | -17.91% | -2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -20.81% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -55.77% | — | — |
Current DrawdownCurrent decline from peak | -15.69% | -12.48% | -3.21% |
Average DrawdownAverage peak-to-trough decline | -11.40% | -4.19% | -7.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.32% | 5.36% | +1.96% |
Volatility
CVX vs. EMEQ - Volatility Comparison
The current volatility for Chevron Corporation (CVX) is 8.03%, while Nomura Focused Emerging Markets Equity ETF (EMEQ) has a volatility of 18.22%. This indicates that CVX experiences smaller price fluctuations and is considered to be less risky 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
| CVX | EMEQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.03% | 18.22% | -10.19% |
Volatility (6M)Calculated over the trailing 6-month period | 17.67% | 35.48% | -17.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.53% | 38.20% | -15.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.16% | 33.24% | -8.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.21% | 33.24% | -4.03% |
Dividends
CVX vs. EMEQ - Dividend Comparison
CVX's dividend yield for the trailing twelve months is around 3.96%, more than EMEQ's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 3.96% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
EMEQ Nomura Focused Emerging Markets Equity ETF | 1.62% | 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
CVX and EMEQ have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMEQ has higher volatility (18.22%) compared to CVX (8.03%). In terms of maximum drawdown, CVX dropped -55.77% vs EMEQ's -19.99%.
EMEQ currently has the higher Sharpe Ratio (3.27 vs 0.86), 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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