EMDV vs. EMEQ

Last updated Aug 5, 2026

EMDV (ProShares MSCI Emerging Markets Dividend Growers ETF) and EMEQ (Nomura Focused Emerging Markets Equity ETF) are both Emerging Markets Equities funds. EMDV is passively managed, while EMEQ is actively managed. Over the past year, EMDV returned 7.44% vs 119.00% for EMEQ. Their 0.59 correlation means they have sometimes moved together and sometimes differently. EMDV charges 0.60%/yr vs 0.86%/yr for EMEQ.

Performance

EMDV vs. EMEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) 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, EMDV achieves a 3.01% return, which is significantly lower than EMEQ's 60.87% return.

EMDV

• 1D: 0.81%
• 1M: 5.84%
• 6M: 0.85%
• YTD: 3.01%
• 1Y: 7.44%
• 3Y*: 2.57%
• 5Y*: -1.53%
• 10Y*: 1.91%
• ALL TIME*: 4.16%

EMEQ

• 1D: 3.28%
• 1M: -3.98%
• 6M: 35.98%
• YTD: 60.87%
• 1Y: 119.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 68.53%

*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)
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF	$3.61K	$6.26K	$10.27K
EMEQ Nomura Focused Emerging Markets Equity ETF	$8.38M	$8.71M	$11.25M

EMDV vs. EMEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF	3.01%	11.90%	1.36%
EMEQ Nomura Focused Emerging Markets Equity ETF	60.87%	69.78%	-0.73%

Correlation

The correlation between EMDV and EMEQ is 0.55, 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.	0.55
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.59

The correlation between EMDV and EMEQ has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.

EMDV vs. EMEQ - Sectors Allocation Comparison

Sectors	EMDV	EMEQ
Financial Services	24.0%	11.6%
Technology	22.8%	58.0%
Consumer Defensive	14.4%	2.7%
Utilities	8.8%	0.9%
Healthcare	8.4%	1.0%
Consumer Cyclical	6.7%	6.2%
Industrials	6.7%	6.2%
Communication Services	5.8%	5.5%
Basic Materials	2.5%	1.6%
Energy	-	7.2%
Real Estate	-	-

Return for Risk

EMDV vs. EMEQ — Risk / Return Rank

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

EMDV

EMDV Risk / Return Rank: 26
EMDV Sharpe Ratio Rank: 25
EMDV Sortino Ratio Rank: 24
EMDV Omega Ratio Rank: 24
EMDV Calmar Ratio Rank: 29
EMDV Martin Ratio Rank: 27

EMEQ

EMEQ Risk / Return Rank: 91
EMEQ Sharpe Ratio Rank: 95
EMEQ Sortino Ratio Rank: 87
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.

EMDV vs. EMEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) 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.

	EMDV	EMEQ	Difference
Sharpe ratio: Return per unit of total volatility	0.64	2.96	-2.32
Sortino ratio: Return per unit of downside risk	0.98	3.19	-2.21
Omega ratio: Gain probability vs. loss probability	1.12	1.46	-0.33
Calmar ratio: Return relative to maximum drawdown	1.03	4.56	-3.53
Martin ratio: Return relative to average drawdown	2.45	16.21	-13.76

EMDV vs. EMEQ - Sharpe Ratio Comparison

The current EMDV Sharpe Ratio is 0.64, which is lower than the EMEQ Sharpe Ratio of 2.96. The chart below compares the historical Sharpe Ratios of EMDV 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

EMDV vs. EMEQ - Drawdown Comparison

The maximum EMDV drawdown since its inception was -39.20%, which is greater than EMEQ's maximum drawdown of -26.25%. Use the drawdown chart below to compare losses from any high point for EMDV and EMEQ.

Drawdown Indicators

	EMDV	EMEQ	Difference
Max Drawdown Largest peak-to-trough decline	-39.20%	-26.25%	-12.95%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	-26.25%	+19.01%
Max Drawdown (3Y) Largest decline over 3 years	-20.71%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.20%	—	—
Current Drawdown Current decline from peak	-13.25%	-17.20%	+3.95%
Average Drawdown Average peak-to-trough decline	-13.59%	-4.73%	-8.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	7.37%	-4.33%

Volatility

EMDV vs. EMEQ - Volatility Comparison

The current volatility for ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) is 3.12%, while Nomura Focused Emerging Markets Equity ETF (EMEQ) has a volatility of 14.67%. This indicates that EMDV 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.

Volatility by Period

	EMDV	EMEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	14.67%	-11.55%
Volatility (6M) Calculated over the trailing 6-month period	9.91%	37.65%	-27.74%
Volatility (1Y) Calculated over the trailing 1-year period	11.69%	40.47%	-28.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.42%	34.16%	-18.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.98%	34.16%	-16.18%

EMDV vs. EMEQ - Expense Ratio Comparison

EMDV has a 0.60% expense ratio, which is lower than EMEQ's 0.86% expense ratio.

Dividends

EMDV vs. EMEQ - Dividend Comparison

EMDV's dividend yield for the trailing twelve months is around 1.87%, more than EMEQ's 1.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF	1.87%	2.46%	2.79%	1.88%	3.68%	2.12%	3.12%	2.38%	1.27%	2.09%	2.87%
EMEQ Nomura Focused Emerging Markets Equity ETF	1.71%	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 EMDV and EMEQ in my portfolio?

EMDV and EMEQ have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMDV or EMEQ?

EMEQ has higher volatility (14.67%) compared to EMDV (3.12%). In terms of maximum drawdown, EMDV dropped -39.20% vs EMEQ's -26.25%.

Which ETF is better, EMDV or EMEQ?

On 1-year performance, EMEQ leads with 119.00% vs 7.44% for EMDV. On fees, EMDV is cheaper at 0.60% per year. On volatility, EMDV has been the lower-risk option at 3.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMDV or EMEQ?

Over the 1-year period, EMEQ has performed better with a 119.00% return vs 7.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMDV or EMEQ?

EMDV is cheaper with a 0.60% expense ratio, compared with 0.86% for EMEQ.

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

EMDV has the higher dividend yield at 1.87%, compared with 1.71% for EMEQ.

What is the main difference between EMDV and EMEQ?

They also come from different issuers: ProShares and Nomura. Their fees differ too: 0.60% for EMDV and 0.86% for EMEQ.

Which has better risk-adjusted returns?

EMEQ currently has the higher Sharpe Ratio (2.96 vs 0.64), 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.