EMEQ vs. IXC

Last updated Jul 12, 2026

EMEQ (Nomura Focused Emerging Markets Equity ETF) and IXC (iShares Global Energy ETF) are both exchange-traded funds - EMEQ is a Emerging Markets Diversified fund actively managed by Nomura, while IXC is a Energy Equities fund tracking the S&P Global 1200 Energy Capped Index. EMEQ is actively managed, while IXC is passively managed. Over the past year, EMEQ returned 127.62% vs 29.02% for IXC. At a 0.13 correlation, their price movements are largely independent. EMEQ charges 0.86%/yr vs 0.40%/yr for IXC.

Performance

EMEQ vs. IXC - Performance Comparison

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

Returns By Period

In the year-to-date period, EMEQ achieves a 70.04% return, which is significantly higher than IXC's 23.35% return.

EMEQ

• 1D: 0.10%
• 1M: 0.76%
• 6M: 58.06%
• YTD: 70.04%
• 1Y: 127.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IXC

• 1D: 0.51%
• 1M: -4.24%
• 6M: 20.68%
• YTD: 23.35%
• 1Y: 29.02%
• 3Y*: 14.69%
• 5Y*: 18.91%
• 10Y*: 8.83%

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

EMEQ vs. IXC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EMEQ Nomura Focused Emerging Markets Equity ETF	70.04%	69.78%	-0.73%
IXC iShares Global Energy ETF	23.35%	13.98%	-3.46%

Correlation

The correlation between EMEQ and IXC is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.00
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.13

The correlation between EMEQ and IXC shifts across timeframes, from -0.00 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

EMEQ vs. IXC - Sectors Allocation Comparison

Sectors	EMEQ	IXC
Technology	54.6%	-
Financial Services	14.4%	-
Communication Services	6.4%	-
Industrials	6.4%	-
Consumer Cyclical	4.5%	-
Energy	2.9%	99.4%
Consumer Defensive	2.6%	-
Basic Materials	1.6%	-
Healthcare	0.9%	-
Utilities	0.9%	0.2%
Real Estate	-	-

Return for Risk

EMEQ vs. IXC — Risk / Return Rank

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

EMEQ

EMEQ Risk / Return Rank: 94
EMEQ Sharpe Ratio Rank: 96
EMEQ Sortino Ratio Rank: 91
EMEQ Omega Ratio Rank: 93
EMEQ Calmar Ratio Rank: 96
EMEQ Martin Ratio Rank: 95

IXC

IXC Risk / Return Rank: 51
IXC Sharpe Ratio Rank: 58
IXC Sortino Ratio Rank: 53
IXC Omega Ratio Rank: 51
IXC Calmar Ratio Rank: 48
IXC Martin Ratio Rank: 47

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. IXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nomura Focused Emerging Markets Equity ETF (EMEQ) and iShares Global Energy ETF (IXC). 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	IXC	Difference
Sharpe ratio: Return per unit of total volatility	3.27	1.56	+1.71
Sortino ratio: Return per unit of downside risk	3.47	2.09	+1.38
Omega ratio: Gain probability vs. loss probability	1.51	1.26	+0.25
Calmar ratio: Return relative to maximum drawdown	6.98	1.95	+5.03
Martin ratio: Return relative to average drawdown	23.27	6.26	+17.01

EMEQ vs. IXC - Sharpe Ratio Comparison

The current EMEQ Sharpe Ratio is 3.27, which is higher than the IXC Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of EMEQ and IXC, 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. IXC - Drawdown Comparison

The maximum EMEQ drawdown since its inception was -19.99%, smaller than the maximum IXC drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for EMEQ and IXC.

Drawdown Indicators

	EMEQ	IXC	Difference
Max Drawdown Largest peak-to-trough decline	-19.99%	-67.88%	+47.89%
Max Drawdown (1Y) Largest decline over 1 year	-17.91%	-15.36%	-2.55%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-64.16%	—
Current Drawdown Current decline from peak	-12.48%	-11.22%	-1.26%
Average Drawdown Average peak-to-trough decline	-4.19%	-17.45%	+13.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.36%	4.78%	+0.58%

Volatility

EMEQ vs. IXC - Volatility Comparison

Nomura Focused Emerging Markets Equity ETF (EMEQ) has a higher volatility of 18.22% compared to iShares Global Energy ETF (IXC) at 6.59%. This indicates that EMEQ's price experiences larger fluctuations and is considered to be riskier than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMEQ	IXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.22%	6.59%	+11.63%
Volatility (6M) Calculated over the trailing 6-month period	35.48%	15.86%	+19.62%
Volatility (1Y) Calculated over the trailing 1-year period	38.20%	19.18%	+19.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.24%	23.45%	+9.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.24%	26.81%	+6.43%

EMEQ vs. IXC - Expense Ratio Comparison

EMEQ has a 0.86% expense ratio, which is higher than IXC's 0.40% expense ratio.

Dividends

EMEQ vs. IXC - Dividend Comparison

EMEQ's dividend yield for the trailing twelve months is around 1.62%, less than IXC's 3.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMEQ Nomura Focused Emerging Markets Equity ETF	1.62%	2.76%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IXC iShares Global Energy ETF	3.08%	3.68%	4.56%	3.45%	4.76%	3.98%	4.86%	7.00%	3.51%	3.05%	2.86%	3.77%

Frequently Asked Questions

Can I hold both EMEQ and IXC in my portfolio?

EMEQ and IXC have a correlation of -0.00, 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 IXC?

EMEQ has higher volatility (18.22%) compared to IXC (6.59%). In terms of maximum drawdown, EMEQ dropped -19.99% vs IXC's -67.88%.

Which ETF is better, EMEQ or IXC?

On 1-year performance, EMEQ leads with 127.62% vs 29.02% for IXC. On fees, IXC is cheaper at 0.40% per year. On volatility, IXC has been the lower-risk option at 6.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMEQ or IXC?

Over the 1-year period, EMEQ has performed better with a 127.62% return vs 29.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMEQ or IXC?

IXC is cheaper with a 0.40% expense ratio, compared with 0.86% for EMEQ.

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

IXC has the higher dividend yield at 3.08%, compared with 1.62% for EMEQ.

What is the main difference between EMEQ and IXC?

EMEQ is categorized as Emerging Markets Diversified, while IXC is Energy Equities. They also come from different issuers: Nomura and iShares. Their fees differ too: 0.86% for EMEQ and 0.40% for IXC.

Which has better risk-adjusted returns?

EMEQ currently has the higher Sharpe Ratio (3.27 vs 1.56), 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.