EMEQ vs. IAUM
EMEQ (Nomura Focused Emerging Markets Equity ETF) and IAUM (iShares Gold Trust Micro) are both exchange-traded funds - EMEQ is a Emerging Markets Diversified fund actively managed by Nomura, while IAUM is a Gold fund tracking the LBMA Gold Price PM. EMEQ is actively managed, while IAUM is passively managed. Over the past year, EMEQ returned 127.62% vs 22.29% for IAUM. At a 0.26 correlation, their price movements are largely independent. EMEQ charges 0.86%/yr vs 0.09%/yr for IAUM.
Performance
EMEQ vs. IAUM - Performance Comparison
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Returns By Period
In the year-to-date period, EMEQ achieves a 70.04% return, which is significantly higher than IAUM's -4.79% return.
EMEQ
- 1D
- 0.10%
- 1M
- 0.76%
- 6M
- 58.06%
- YTD
- 70.04%
- 1Y
- 127.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAUM
- 1D
- -0.34%
- 1M
- -2.36%
- 6M
- -8.92%
- YTD
- -4.79%
- 1Y
- 22.29%
- 3Y*
- 28.48%
- 5Y*
- 17.75%
- 10Y*
- —
EMEQ vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMEQ Nomura Focused Emerging Markets Equity ETF | 70.04% | 69.78% | -0.73% |
IAUM iShares Gold Trust Micro | -4.79% | 64.27% | 5.18% |
Correlation
The correlation between EMEQ and IAUM is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.26 |
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Return for Risk
EMEQ vs. IAUM — Risk / Return Rank
EMEQ
IAUM
EMEQ vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nomura Focused Emerging Markets Equity ETF (EMEQ) and iShares Gold Trust Micro (IAUM). 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 | IAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.42 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.18 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 6.98 | 0.90 | +6.08 |
| Martin ratioReturn relative to average drawdown | 23.27 | 2.24 | +21.04 |
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Drawdowns
EMEQ vs. IAUM - Drawdown Comparison
The maximum EMEQ drawdown since its inception was -19.99%, smaller than the maximum IAUM drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for EMEQ and IAUM.
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Drawdown Indicators
| EMEQ | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.99% | -26.14% | +6.15% |
Max Drawdown (1Y)Largest decline over 1 year | -17.91% | -26.14% | +8.23% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.14% | — |
Current DrawdownCurrent decline from peak | -12.48% | -23.91% | +11.43% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -5.64% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.36% | 10.52% | -5.16% |
Volatility
EMEQ vs. IAUM - Volatility Comparison
Nomura Focused Emerging Markets Equity ETF (EMEQ) has a higher volatility of 18.22% compared to iShares Gold Trust Micro (IAUM) at 8.24%. This indicates that EMEQ's price experiences larger fluctuations and is considered to be riskier than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMEQ | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.22% | 8.24% | +9.98% |
Volatility (6M)Calculated over the trailing 6-month period | 35.48% | 23.77% | +11.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.20% | 27.48% | +10.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.24% | 18.19% | +15.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.24% | 18.14% | +15.10% |
EMEQ vs. IAUM - Expense Ratio Comparison
EMEQ has a 0.86% expense ratio, which is higher than IAUM's 0.09% expense ratio.
Dividends
EMEQ vs. IAUM - Dividend Comparison
EMEQ's dividend yield for the trailing twelve months is around 1.62%, while IAUM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EMEQ Nomura Focused Emerging Markets Equity ETF | 1.62% | 2.76% | 0.84% |
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMEQ and IAUM have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMEQ has higher volatility (18.22%) compared to IAUM (8.24%). In terms of maximum drawdown, EMEQ dropped -19.99% vs IAUM's -26.14%.
On 1-year performance, EMEQ leads with 127.62% vs 22.29% for IAUM. On fees, IAUM is cheaper at 0.09% per year. On volatility, IAUM has been the lower-risk option at 8.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EMEQ has performed better with a 127.62% return vs 22.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAUM is cheaper with a 0.09% expense ratio, compared with 0.86% for EMEQ.
EMEQ has the higher dividend yield at 1.62%, compared with 0.00% for IAUM.
EMEQ is categorized as Emerging Markets Diversified, while IAUM is Gold. They also come from different issuers: Nomura and iShares. Their fees differ too: 0.86% for EMEQ and 0.09% for IAUM.
EMEQ currently has the higher Sharpe Ratio (3.27 vs 0.86), 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.
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