EMEQ vs. AMSC

Last updated Aug 1, 2026

EMEQ (Nomura Focused Emerging Markets Equity ETF) is Emerging Markets Equities fund actively managed by Nomura, while AMSC (American Superconductor Corporation) is a stock. Over the past year, EMEQ returned 107.90% vs -48.34% for AMSC. Their 0.46 correlation means their historical movements had little consistent relationship.

Performance

EMEQ vs. AMSC - Performance Comparison

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

Returns By Period

In the year-to-date period, EMEQ achieves a 53.76% return, which is significantly higher than AMSC's 2.05% return.

EMEQ

• 1D: 1.33%
• 1M: -11.21%
• 6M: 30.45%
• YTD: 53.76%
• 1Y: 107.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 65.06%

AMSC

• 1D: -0.27%
• 1M: -26.43%
• 6M: -1.84%
• YTD: 2.05%
• 1Y: -48.34%
• 3Y*: 22.11%
• 5Y*: 15.89%
• 10Y*: 12.68%
• ALL TIME*: -3.05%

*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)
AMSC American Superconductor Corporation	$27.27M	$25.36M	$48.11M
EMEQ Nomura Focused Emerging Markets Equity ETF	$8.75M	$9.16M	$11.52M

EMEQ vs. AMSC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EMEQ Nomura Focused Emerging Markets Equity ETF	53.76%	69.78%	-0.73%
AMSC American Superconductor Corporation	2.05%	16.85%	31.50%

Correlation

The correlation between EMEQ and AMSC is 0.57, 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.	0.57
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.46

The correlation between EMEQ and AMSC shifts across timeframes, from 0.46 (all time) to 0.57 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EMEQ vs. AMSC — Risk / Return Rank

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

EMEQ

EMEQ Risk / Return Rank: 91
EMEQ Sharpe Ratio Rank: 95
EMEQ Sortino Ratio Rank: 88
EMEQ Omega Ratio Rank: 90
EMEQ Calmar Ratio Rank: 92
EMEQ Martin Ratio Rank: 91

AMSC

AMSC Risk / Return Rank: 18
AMSC Sharpe Ratio Rank: 18
AMSC Sortino Ratio Rank: 22
AMSC Omega Ratio Rank: 22
AMSC Calmar Ratio Rank: 13
AMSC Martin Ratio Rank: 15

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.

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 ratio: Return per unit of total volatility	2.69	-0.59	+3.28
Sortino ratio: Return per unit of downside risk	2.99	-0.47	+3.46
Omega ratio: Gain probability vs. loss probability	1.43	0.94	+0.49
Calmar ratio: Return relative to maximum drawdown	4.13	-0.79	+4.93
Martin ratio: Return relative to average drawdown	15.08	-1.21	+16.29

EMEQ vs. AMSC - Sharpe Ratio Comparison

The current EMEQ Sharpe Ratio is 2.69, which is higher than the AMSC Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of EMEQ and AMSC, 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

EMEQ vs. AMSC - Drawdown Comparison

The maximum EMEQ drawdown since its inception was -26.25%, 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.

Drawdown Indicators

	EMEQ	AMSC	Difference
Max Drawdown Largest peak-to-trough decline	-26.25%	-99.57%	+73.32%
Max Drawdown (1Y) Largest decline over 1 year	-26.25%	-61.08%	+34.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-61.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-82.94%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-89.06%	—
Current Drawdown Current decline from peak	-20.86%	-95.76%	+74.90%
Average Drawdown Average peak-to-trough decline	-4.67%	-75.83%	+71.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.18%	40.10%	-32.92%

Volatility

EMEQ vs. AMSC - Volatility Comparison

The current volatility for Nomura Focused Emerging Markets Equity ETF (EMEQ) is 14.87%, while American Superconductor Corporation (AMSC) has a volatility of 22.38%. 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.

Volatility by Period

	EMEQ	AMSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.87%	22.38%	-7.51%
Volatility (6M) Calculated over the trailing 6-month period	37.54%	57.61%	-20.07%
Volatility (1Y) Calculated over the trailing 1-year period	40.39%	87.44%	-47.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.15%	87.66%	-53.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.15%	79.49%	-45.34%

Dividends

EMEQ vs. AMSC - Dividend Comparison

EMEQ's dividend yield for the trailing twelve months is around 1.79%, 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	1.79%	2.76%	0.84%

Frequently Asked Questions

Can I hold both EMEQ and AMSC in my portfolio?

EMEQ and AMSC have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMEQ or AMSC?

AMSC has higher volatility (22.38%) compared to EMEQ (14.87%). In terms of maximum drawdown, EMEQ dropped -26.25% vs AMSC's -99.57%.

Which has better risk-adjusted returns?

EMEQ currently has the higher Sharpe Ratio (2.69 vs -0.59), 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.