EMEQ vs. AMSC
EMEQ (Nomura Focused Emerging Markets Equity ETF) is Emerging Markets Diversified fund actively managed by Nomura, while AMSC (American Superconductor Corporation) is a stock. Over the past year, EMEQ returned 127.62% vs -8.20% for AMSC. At a 0.44 correlation, their price movements are largely independent.
Performance
EMEQ vs. AMSC - Performance Comparison
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Returns By Period
In the year-to-date period, EMEQ achieves a 70.04% return, which is significantly higher than AMSC's 24.95% return.
EMEQ
- 1D
- 0.10%
- 1M
- 0.76%
- 6M
- 58.06%
- YTD
- 70.04%
- 1Y
- 127.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMSC
- 1D
- -3.26%
- 1M
- -8.99%
- 6M
- 17.25%
- YTD
- 24.95%
- 1Y
- -8.20%
- 3Y*
- 75.08%
- 5Y*
- 17.38%
- 10Y*
- 14.23%
EMEQ vs. AMSC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMEQ Nomura Focused Emerging Markets Equity ETF | 70.04% | 69.78% | -0.73% |
AMSC American Superconductor Corporation | 24.95% | 16.85% | 31.50% |
Correlation
The correlation between EMEQ and AMSC is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.44 |
The correlation between EMEQ and AMSC has been stable across timeframes, ranging from 0.44 to 0.52 - a consistent structural relationship.
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Return for Risk
EMEQ vs. AMSC — Risk / Return Rank
EMEQ
AMSC
EMEQ vs. AMSC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nomura Focused Emerging Markets Equity ETF (EMEQ) and American Superconductor Corporation (AMSC). 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.
| EMEQ | AMSC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.38 | ||
| Sortino ratioReturn per unit of downside risk | +3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.06 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 6.98 | -0.16 | +7.13 |
| Martin ratioReturn relative to average drawdown | 23.27 | -0.25 | +23.52 |
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Drawdowns
EMEQ vs. AMSC - Drawdown Comparison
The maximum EMEQ drawdown since its inception was -19.99%, smaller than the maximum AMSC drawdown of -99.57%. Use the drawdown chart below to compare losses from any high point for EMEQ and AMSC.
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Drawdown Indicators
| EMEQ | AMSC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.99% | -99.57% | +79.58% |
Max Drawdown (1Y)Largest decline over 1 year | -17.91% | -61.08% | +43.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -63.86% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -82.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.06% | — |
Current DrawdownCurrent decline from peak | -12.48% | -94.81% | +82.33% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -75.80% | +71.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.36% | 38.03% | -32.67% |
Volatility
EMEQ vs. AMSC - Volatility Comparison
The current volatility for Nomura Focused Emerging Markets Equity ETF (EMEQ) is 18.22%, while American Superconductor Corporation (AMSC) has a volatility of 22.33%. This indicates that EMEQ experiences smaller price fluctuations and is considered to be less risky than AMSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMEQ | AMSC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.22% | 22.33% | -4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 35.48% | 54.94% | -19.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.20% | 85.50% | -47.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.24% | 87.45% | -54.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.24% | 79.28% | -46.04% |
Dividends
EMEQ vs. AMSC - Dividend Comparison
EMEQ's dividend yield for the trailing twelve months is around 1.62%, while AMSC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AMSC American Superconductor Corporation | 0.00% | 0.00% | 0.00% |
EMEQ Nomura Focused Emerging Markets Equity ETF | 1.62% | 2.76% | 0.84% |
Frequently Asked Questions
EMEQ and AMSC have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMSC has higher volatility (22.33%) compared to EMEQ (18.22%). In terms of maximum drawdown, EMEQ dropped -19.99% vs AMSC's -99.57%.
EMEQ currently has the higher Sharpe Ratio (3.27 vs -0.11), 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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