EMEQ vs. DIEM

Last updated Apr 1, 2026

Compare and contrast key facts about Nomura Focused Emerging Markets Equity ETF (EMEQ) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM).

EMEQ and DIEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMEQ is an actively managed fund by Nomura. It was launched on Sep 4, 2024. DIEM is a passively managed fund by Franklin Templeton that tracks the performance of the Morningstar Emerging Markets Dividend Enhanced Select Index. It was launched on Jun 1, 2016.

Performance

EMEQ vs. DIEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nomura Focused Emerging Markets Equity ETF (EMEQ) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM). The values are adjusted to include any dividend payments, if applicable.

EMEQ vs. DIEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EMEQ Nomura Focused Emerging Markets Equity ETF	12.19%	69.78%	-1.16%
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	5.34%	30.81%	1.41%

Returns By Period

In the year-to-date period, EMEQ achieves a 12.19% return, which is significantly higher than DIEM's 5.34% return.

EMEQ

• 1D: 4.30%
• 1M: -13.54%
• YTD: 12.19%
• 6M: 30.58%
• 1Y: 80.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DIEM

• 1D: 3.69%
• 1M: -8.22%
• YTD: 5.34%
• 6M: 11.28%
• 1Y: 34.56%
• 3Y*: 19.05%
• 5Y*: 7.59%
• 10Y*: —

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

EMEQ vs. DIEM - Expense Ratio Comparison

EMEQ has a 0.86% expense ratio, which is higher than DIEM's 0.19% expense ratio.

EMEQ

Nomura Focused Emerging Markets Equity ETF

DIEM

Franklin Emerging Market Core Dividend Tilt Index ETF

Return for Risk

EMEQ vs. DIEM — Risk / Return Rank

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

EMEQ

EMEQ Risk / Return Rank: 96
EMEQ Sharpe Ratio Rank: 97
EMEQ Sortino Ratio Rank: 96
EMEQ Omega Ratio Rank: 95
EMEQ Calmar Ratio Rank: 96
EMEQ Martin Ratio Rank: 96

DIEM

DIEM Risk / Return Rank: 89
DIEM Sharpe Ratio Rank: 88
DIEM Sortino Ratio Rank: 89
DIEM Omega Ratio Rank: 90
DIEM Calmar Ratio Rank: 88
DIEM Martin Ratio Rank: 89

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.

EMEQ vs. DIEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nomura Focused Emerging Markets Equity ETF (EMEQ) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM). 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.

	EMEQ	DIEM	Difference
Sharpe ratio Return per unit of total volatility	2.72	1.88	+0.83
Sortino ratio Return per unit of downside risk	3.21	2.51	+0.70
Omega ratio Gain probability vs. loss probability	1.47	1.38	+0.09
Calmar ratio Return relative to maximum drawdown	4.46	2.79	+1.67
Martin ratio Return relative to average drawdown	18.19	11.28	+6.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMEQ vs. DIEM - Sharpe Ratio Comparison

The current EMEQ Sharpe Ratio is 2.72, which is higher than the DIEM Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of EMEQ and DIEM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EMEQ	DIEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.72	1.88	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.83	0.42	+1.41

Correlation

The correlation between EMEQ and DIEM is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

EMEQ vs. DIEM - Dividend Comparison

EMEQ's dividend yield for the trailing twelve months is around 2.46%, less than DIEM's 2.90% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EMEQ Nomura Focused Emerging Markets Equity ETF	2.46%	2.76%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	2.90%	2.99%	4.92%	4.45%	6.31%	4.06%	2.75%	5.98%	3.87%	2.61%	0.35%

Drawdowns

EMEQ vs. DIEM - Drawdown Comparison

The maximum EMEQ drawdown since its inception was -19.99%, smaller than the maximum DIEM drawdown of -38.61%. Use the drawdown chart below to compare losses from any high point for EMEQ and DIEM.

Drawdown Indicators

	EMEQ	DIEM	Difference
Max Drawdown Largest peak-to-trough decline	-19.99%	-38.61%	+18.62%
Max Drawdown (1Y) Largest decline over 1 year	-17.91%	-12.33%	-5.58%
Max Drawdown (5Y) Largest decline over 5 years	—	-33.34%	—
Current Drawdown Current decline from peak	-14.38%	-9.09%	-5.29%
Average Drawdown Average peak-to-trough decline	-4.07%	-9.86%	+5.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.40%	3.05%	+1.35%

Volatility

EMEQ vs. DIEM - Volatility Comparison

Nomura Focused Emerging Markets Equity ETF (EMEQ) has a higher volatility of 17.37% compared to Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) at 9.47%. This indicates that EMEQ's price experiences larger fluctuations and is considered to be riskier than DIEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMEQ	DIEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.37%	9.47%	+7.90%
Volatility (6M) Calculated over the trailing 6-month period	23.87%	13.43%	+10.44%
Volatility (1Y) Calculated over the trailing 1-year period	29.84%	18.43%	+11.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.51%	16.38%	+11.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.51%	17.41%	+10.10%