EMEQ vs. DRAM

Last updated Jul 21, 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 0.93 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: 0.73%
• 1M: -16.40%
• 6M: 43.37%
• YTD: 56.90%
• 1Y: 109.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 68.21%

DRAM

• 1D: 0.64%
• 1M: -30.83%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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	37.44%
DRAM Roundhill Memory ETF	96.52%

Correlation

The correlation between EMEQ and DRAM is 0.93, 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	0.93

EMEQ vs. DRAM - Sectors Allocation Comparison

Sectors	EMEQ	DRAM
Technology	58.0%	100.0%
Financial Services	11.6%	-2.3%
Energy	7.2%	-
Consumer Cyclical	6.2%	-
Industrials	6.2%	-
Communication Services	5.5%	-
Consumer Defensive	2.7%	-
Basic Materials	1.6%	-
Healthcare	1.0%	-
Utilities	0.9%	-
Real Estate	-	-

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: 92
EMEQ Sharpe Ratio Rank: 95
EMEQ Sortino Ratio Rank: 87
EMEQ Omega Ratio Rank: 91
EMEQ Calmar Ratio Rank: 95
EMEQ Martin Ratio Rank: 94

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	2.82	—	—
Sortino ratio: Return per unit of downside risk	3.09	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	5.57	—	—
Martin ratio: Return relative to average drawdown	18.27	—	—

Drawdowns

EMEQ vs. DRAM - Drawdown Comparison

The maximum EMEQ drawdown since its inception was -19.99%, smaller than the maximum DRAM drawdown of -35.16%. 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%	-35.16%	+15.17%
Max Drawdown (1Y) Largest decline over 1 year	-19.83%	—	—
Current Drawdown Current decline from peak	-19.24%	-34.27%	+15.03%
Average Drawdown Average peak-to-trough decline	-4.37%	-7.58%	+3.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.04%	—	—

Volatility

Volatility by Period

	EMEQ	DRAM	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	36.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	39.26%	96.38%	-57.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.67%	96.38%	-62.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.67%	96.38%	-62.71%

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 1.76%, 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	1.76%	2.76%	0.84%

Frequently Asked Questions

Can I hold both EMEQ and DRAM in my portfolio?

With a correlation of 0.93, 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 1.76%, 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.