DRAM vs. EMEQ

Last updated Jul 21, 2026

DRAM (Roundhill Memory ETF) and EMEQ (Nomura Focused Emerging Markets Equity ETF) are both exchange-traded funds - DRAM is a Technology Equities fund actively managed by Roundhill, while EMEQ is a Emerging Markets Diversified fund actively managed by Nomura. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. DRAM charges 0.65%/yr vs 0.86%/yr for EMEQ.

Performance

DRAM vs. EMEQ - Performance Comparison

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

Returns By Period

DRAM

• 1D: 0.64%
• 1M: -30.83%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

EMEQ

• 1D: 0.73%
• 1M: -16.40%
• 6M: 43.37%
• YTD: 56.90%
• 1Y: 109.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 68.21%

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

DRAM vs. EMEQ - Yearly Performance Comparison

	2026 (YTD)
DRAM Roundhill Memory ETF	96.52%
EMEQ Nomura Focused Emerging Markets Equity ETF	37.44%

Correlation

The correlation between DRAM and EMEQ is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026	0.93

DRAM vs. EMEQ - Sectors Allocation Comparison

Sectors	DRAM	EMEQ
Technology	100.0%	58.0%
Basic Materials	-	1.6%
Communication Services	-	5.5%
Consumer Cyclical	-	6.2%
Consumer Defensive	-	2.7%
Energy	-	7.2%
Healthcare	-	1.0%
Industrials	-	6.2%
Real Estate	-	-
Utilities	-	0.9%
Financial Services	-2.3%	11.6%

Return for Risk

DRAM vs. EMEQ — Risk / Return Rank

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

DRAM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

EMEQ

EMEQ Risk / Return Rank: 92
EMEQ Sharpe Ratio Rank: 95
EMEQ Sortino Ratio Rank: 87
EMEQ Omega Ratio Rank: 91
EMEQ Calmar Ratio Rank: 95
EMEQ Martin Ratio Rank: 94

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.

DRAM vs. EMEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Memory ETF (DRAM) 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.

	DRAM	EMEQ	Difference
Sharpe ratio: Return per unit of total volatility	—	2.82	—
Sortino ratio: Return per unit of downside risk	—	3.09	—
Omega ratio: Gain probability vs. loss probability	—	1.45	—
Calmar ratio: Return relative to maximum drawdown	—	5.57	—
Martin ratio: Return relative to average drawdown	—	18.27	—

Drawdowns

DRAM vs. EMEQ - Drawdown Comparison

The maximum DRAM drawdown since its inception was -35.16%, which is greater than EMEQ's maximum drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for DRAM and EMEQ.

Drawdown Indicators

	DRAM	EMEQ	Difference
Max Drawdown Largest peak-to-trough decline	-35.16%	-19.99%	-15.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.83%	—
Current Drawdown Current decline from peak	-34.27%	-19.24%	-15.03%
Average Drawdown Average peak-to-trough decline	-7.58%	-4.37%	-3.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.04%	—

Volatility

Volatility by Period

	DRAM	EMEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	96.38%	39.26%	+57.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.38%	33.67%	+62.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.38%	33.67%	+62.71%

DRAM vs. EMEQ - Expense Ratio Comparison

DRAM has a 0.65% expense ratio, which is lower than EMEQ's 0.86% expense ratio.

Dividends

DRAM vs. EMEQ - Dividend Comparison

DRAM has not paid dividends to shareholders, while EMEQ's dividend yield for the trailing twelve months is around 1.76%.

Position	TTM	2025	2024
DRAM Roundhill Memory ETF	0.00%	0.00%	0.00%
EMEQ Nomura Focused Emerging Markets Equity ETF	1.76%	2.76%	0.84%

Frequently Asked Questions

Can I hold both DRAM and EMEQ in my portfolio?

With a correlation of 0.93, DRAM and EMEQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, DRAM or EMEQ?

On fees, DRAM is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRAM or EMEQ?

DRAM is cheaper with a 0.65% expense ratio, compared with 0.86% for EMEQ.

Which ETF pays a higher dividend yield, DRAM or EMEQ?

EMEQ has the higher dividend yield at 1.76%, compared with 0.00% for DRAM.

What is the main difference between DRAM and EMEQ?

DRAM is categorized as Technology Equities, while EMEQ is Emerging Markets Diversified. They also come from different issuers: Roundhill and Nomura. Their fees differ too: 0.65% for DRAM and 0.86% for EMEQ.