EMEQ vs. GEME

Last updated Aug 4, 2026

EMEQ (Nomura Focused Emerging Markets Equity ETF) and GEME (Pacific North of South Global Emerging Markets Equity Active ETF) are both Emerging Markets Equities funds. Both are actively managed. Over the past year, EMEQ returned 113.64% vs 61.53% for GEME. Their correlation of 0.88 means they have usually moved in the same direction. EMEQ charges 0.86%/yr vs 0.75%/yr for GEME.

Performance

EMEQ vs. GEME - Performance Comparison

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

Returns By Period

In the year-to-date period, EMEQ achieves a 55.77% return, which is significantly higher than GEME's 30.26% return.

EMEQ

• 1D: 1.31%
• 1M: -7.03%
• 6M: 33.20%
• YTD: 55.77%
• 1Y: 113.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 65.83%

GEME

• 1D: 0.43%
• 1M: -0.52%
• 6M: 17.23%
• YTD: 30.26%
• 1Y: 61.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 46.50%

*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)
EMEQ Nomura Focused Emerging Markets Equity ETF	$8.80M	$8.80M	$11.41M
GEME Pacific North of South Global Emerging Markets Equity Active ETF	$7.17M	$4.51M	$3.42M

EMEQ vs. GEME - Yearly Performance Comparison

	2026 (YTD)	2025
EMEQ Nomura Focused Emerging Markets Equity ETF	55.77%	59.97%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	30.26%	37.43%

Correlation

The correlation between EMEQ and GEME is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	0.88

The correlation between EMEQ and GEME has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.

Return for Risk

EMEQ vs. GEME — Risk / Return Rank

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

EMEQ

EMEQ Risk / Return Rank: 92
EMEQ Sharpe Ratio Rank: 95
EMEQ Sortino Ratio Rank: 89
EMEQ Omega Ratio Rank: 91
EMEQ Calmar Ratio Rank: 92
EMEQ Martin Ratio Rank: 91

GEME

GEME Risk / Return Rank: 90
GEME Sharpe Ratio Rank: 93
GEME Sortino Ratio Rank: 87
GEME Omega Ratio Rank: 90
GEME Calmar Ratio Rank: 93
GEME Martin Ratio Rank: 88

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. GEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nomura Focused Emerging Markets Equity ETF (EMEQ) and Pacific North of South Global Emerging Markets Equity Active ETF (GEME). 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	GEME	Difference
Sharpe ratio: Return per unit of total volatility	2.83	2.56	+0.27
Sortino ratio: Return per unit of downside risk	3.10	3.09	+0.01
Omega ratio: Gain probability vs. loss probability	1.44	1.44	0.00
Calmar ratio: Return relative to maximum drawdown	4.35	4.60	-0.24
Martin ratio: Return relative to average drawdown	15.65	14.11	+1.54

EMEQ vs. GEME - Sharpe Ratio Comparison

The current EMEQ Sharpe Ratio is 2.83, which is comparable to the GEME Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of EMEQ and GEME, 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. GEME - Drawdown Comparison

The maximum EMEQ drawdown since its inception was -26.25%, which is greater than GEME's maximum drawdown of -16.86%. Use the drawdown chart below to compare losses from any high point for EMEQ and GEME.

Drawdown Indicators

	EMEQ	GEME	Difference
Max Drawdown Largest peak-to-trough decline	-26.25%	-16.86%	-9.39%
Max Drawdown (1Y) Largest decline over 1 year	-26.25%	-13.46%	-12.79%
Current Drawdown Current decline from peak	-19.83%	-7.12%	-12.71%
Average Drawdown Average peak-to-trough decline	-4.70%	-2.73%	-1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.29%	4.37%	+2.92%

Volatility

EMEQ vs. GEME - Volatility Comparison

Nomura Focused Emerging Markets Equity ETF (EMEQ) has a higher volatility of 14.69% compared to Pacific North of South Global Emerging Markets Equity Active ETF (GEME) at 7.57%. This indicates that EMEQ's price experiences larger fluctuations and is considered to be riskier than GEME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMEQ	GEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.69%	7.57%	+7.12%
Volatility (6M) Calculated over the trailing 6-month period	37.55%	21.31%	+16.24%
Volatility (1Y) Calculated over the trailing 1-year period	40.45%	24.16%	+16.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.13%	24.06%	+10.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.13%	24.06%	+10.07%

EMEQ vs. GEME - Expense Ratio Comparison

EMEQ has a 0.86% expense ratio, which is higher than GEME's 0.75% expense ratio.

Dividends

EMEQ vs. GEME - Dividend Comparison

EMEQ's dividend yield for the trailing twelve months is around 1.77%, less than GEME's 5.38% yield.

Position	TTM	2025	2024
EMEQ Nomura Focused Emerging Markets Equity ETF	1.77%	2.76%	0.84%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	5.38%	7.01%	0.00%

Frequently Asked Questions

Can I hold both EMEQ and GEME in my portfolio?

EMEQ and GEME have a correlation of 0.89, 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 GEME?

EMEQ has higher volatility (14.69%) compared to GEME (7.57%). In terms of maximum drawdown, EMEQ dropped -26.25% vs GEME's -16.86%.

Which ETF is better, EMEQ or GEME?

On 1-year performance, EMEQ leads with 113.64% vs 61.53% for GEME. On fees, GEME is cheaper at 0.75% per year. On volatility, GEME has been the lower-risk option at 7.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMEQ or GEME?

Over the 1-year period, EMEQ has performed better with a 113.64% return vs 61.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMEQ or GEME?

GEME is cheaper with a 0.75% expense ratio, compared with 0.86% for EMEQ.

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

GEME has the higher dividend yield at 5.38%, compared with 1.77% for EMEQ.

What is the main difference between EMEQ and GEME?

They also come from different issuers: Nomura and Pacific AM. Their fees differ too: 0.86% for EMEQ and 0.75% for GEME.

Which has better risk-adjusted returns?

EMEQ currently has the higher Sharpe Ratio (2.83 vs 2.56), 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.