EMEQ vs. DRAM

Last updated Jun 13, 2026

EMEQ (Nomura Focused Emerging Markets Equity ETF) and DRAM (Roundhill Memory ETF) are both exchange-traded funds - EMEQ is a Emerging Markets Diversified fund actively managed by Nomura, while DRAM is a Technology Equities fund actively managed by Roundhill. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. EMEQ charges 0.86%/yr vs 0.65%/yr for DRAM.

Performance

EMEQ vs. DRAM - Performance Comparison

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

Returns By Period

EMEQ

• 1D: 0.81%
• 1M: 4.62%
• YTD: 70.13%
• 6M: 81.37%
• 1Y: 137.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRAM

• 1D: -0.17%
• 1M: 19.20%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMEQ vs. DRAM - Yearly Performance Comparison

	2026 (YTD)
EMEQ Nomura Focused Emerging Markets Equity ETF	49.03%
DRAM Roundhill Memory ETF	140.78%

Correlation

The correlation between EMEQ and DRAM is 0.90, 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	0.90

EMEQ vs. DRAM - Sectors Allocation Comparison

Sectors	EMEQ	DRAM
Technology	56.6%	100.0%
Financial Services	11.1%	-
Consumer Cyclical	8.2%	-
Energy	7.0%	-
Industrials	5.8%	-
Communication Services	5.7%	-
Consumer Defensive	2.9%	-
Basic Materials	1.8%	-
Healthcare	1.0%	-
Real Estate	-	-
Utilities	-	-

Return for Risk

EMEQ vs. DRAM — Risk / Return Rank

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

EMEQ

EMEQ Risk / Return Rank: 95
EMEQ Sharpe Ratio Rank: 97
EMEQ Sortino Ratio Rank: 93
EMEQ Omega Ratio Rank: 94
EMEQ Calmar Ratio Rank: 96
EMEQ Martin Ratio Rank: 95

DRAM

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

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. DRAM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nomura Focused Emerging Markets Equity ETF (EMEQ) and Roundhill Memory ETF (DRAM). 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	DRAM	Difference
Sharpe ratio: Return per unit of total volatility	3.89	—	—
Sortino ratio: Return per unit of downside risk	4.03	—	—
Omega ratio: Gain probability vs. loss probability	1.61	—	—
Calmar ratio: Return relative to maximum drawdown	7.71	—	—
Martin ratio: Return relative to average drawdown	28.78	—	—

Drawdowns

EMEQ vs. DRAM - Drawdown Comparison

The maximum EMEQ drawdown since its inception was -19.99%, roughly equal to the maximum DRAM drawdown of -19.97%. Use the drawdown chart below to compare losses from any high point for EMEQ and DRAM.

Drawdown Indicators

	EMEQ	DRAM	Difference
Max Drawdown Largest peak-to-trough decline	-19.99%	-19.97%	-0.02%
Max Drawdown (1Y) Largest decline over 1 year	-17.91%	—	—
Current Drawdown Current decline from peak	-5.69%	-6.74%	+1.05%
Average Drawdown Average peak-to-trough decline	-4.05%	-3.06%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.79%	—	—

Volatility

Volatility by Period

	EMEQ	DRAM	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	32.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	35.48%	87.02%	-51.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.87%	87.02%	-55.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.87%	87.02%	-55.15%

EMEQ vs. DRAM - Expense Ratio Comparison

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

Dividends

EMEQ vs. DRAM - Dividend Comparison

EMEQ's dividend yield for the trailing twelve months is around 1.62%, while DRAM has not paid dividends to shareholders.

Position	TTM	2025	2024
DRAM Roundhill Memory ETF	0.00%	0.00%	0.00%
EMEQ Nomura Focused Emerging Markets Equity ETF	1.62%	2.76%	0.84%

Frequently Asked Questions

Can I hold both EMEQ and DRAM in my portfolio?

With a correlation of 0.90, EMEQ and DRAM 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, EMEQ or DRAM?

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, EMEQ or DRAM?

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

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

EMEQ has the higher dividend yield at 1.62%, compared with 0.00% for DRAM.

What is the main difference between EMEQ and DRAM?

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