EMEQ vs. LRGG

Last updated Jun 24, 2026

EMEQ (Nomura Focused Emerging Markets Equity ETF) and LRGG (Nomura Focused Large Growth ETF) are both exchange-traded funds - EMEQ is a Emerging Markets Diversified fund actively managed by Nomura, while LRGG is a Large Cap Growth Equities fund actively managed by Nomura. Both are actively managed. Over the past year, EMEQ returned 148.00% vs -2.65% for LRGG. At a 0.46 correlation, their price movements are largely independent. EMEQ charges 0.86%/yr vs 0.45%/yr for LRGG.

Performance

EMEQ vs. LRGG - Performance Comparison

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

Returns By Period

In the year-to-date period, EMEQ achieves a 77.86% return, which is significantly higher than LRGG's -8.81% return.

EMEQ

• 1D: -8.46%
• 1M: 12.67%
• YTD: 77.86%
• 6M: 84.70%
• 1Y: 148.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LRGG

• 1D: -0.39%
• 1M: -4.04%
• YTD: -8.81%
• 6M: -9.28%
• 1Y: -2.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMEQ vs. LRGG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EMEQ Nomura Focused Emerging Markets Equity ETF	77.86%	69.78%	-0.73%
LRGG Nomura Focused Large Growth ETF	-8.81%	7.65%	5.10%

Correlation

The correlation between EMEQ and LRGG is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.46

EMEQ vs. LRGG - Sectors Allocation Comparison

Sectors	EMEQ	LRGG
Financial Services	6.8%	18.2%
Consumer Cyclical	6.2%	7.9%
Consumer Defensive	3.8%	1.8%
Communication Services	2.4%	7.1%
Healthcare	1.4%	8.7%
Basic Materials	1.3%	-
Energy	1.3%	-
Technology	1.1%	46.8%
Utilities	0.9%	-
Industrials	0.3%	11.3%
Real Estate	-	1.8%

Return for Risk

EMEQ vs. LRGG — 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: 90
EMEQ Omega Ratio Rank: 93
EMEQ Calmar Ratio Rank: 96
EMEQ Martin Ratio Rank: 96

LRGG

LRGG Risk / Return Rank: 7
LRGG Sharpe Ratio Rank: 7
LRGG Sortino Ratio Rank: 7
LRGG Omega Ratio Rank: 7
LRGG Calmar Ratio Rank: 8
LRGG Martin Ratio Rank: 7

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. LRGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nomura Focused Emerging Markets Equity ETF (EMEQ) and Nomura Focused Large Growth ETF (LRGG). 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	LRGG	Difference
Sharpe ratio: Return per unit of total volatility	3.98	-0.19	+4.17
Sortino ratio: Return per unit of downside risk	4.00	-0.16	+4.15
Omega ratio: Gain probability vs. loss probability	1.61	0.98	+0.63
Calmar ratio: Return relative to maximum drawdown	8.31	-0.14	+8.45
Martin ratio: Return relative to average drawdown	30.81	-0.36	+31.17

EMEQ vs. LRGG - Sharpe Ratio Comparison

The current EMEQ Sharpe Ratio is 3.98, which is higher than the LRGG Sharpe Ratio of -0.19. The chart below compares the historical Sharpe Ratios of EMEQ and LRGG, 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. LRGG - Drawdown Comparison

The maximum EMEQ drawdown since its inception was -19.99%, which is greater than LRGG's maximum drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for EMEQ and LRGG.

Drawdown Indicators

	EMEQ	LRGG	Difference
Max Drawdown Largest peak-to-trough decline	-19.99%	-18.94%	-1.05%
Max Drawdown (1Y) Largest decline over 1 year	-17.91%	-18.94%	+1.03%
Current Drawdown Current decline from peak	-8.46%	-11.78%	+3.32%
Average Drawdown Average peak-to-trough decline	-4.03%	-4.38%	+0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.82%	7.44%	-2.62%

Volatility

EMEQ vs. LRGG - Volatility Comparison

Nomura Focused Emerging Markets Equity ETF (EMEQ) has a higher volatility of 21.89% compared to Nomura Focused Large Growth ETF (LRGG) at 5.53%. This indicates that EMEQ's price experiences larger fluctuations and is considered to be riskier than LRGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMEQ	LRGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.89%	5.53%	+16.36%
Volatility (6M) Calculated over the trailing 6-month period	34.54%	11.71%	+22.83%
Volatility (1Y) Calculated over the trailing 1-year period	37.38%	14.25%	+23.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.96%	16.73%	+16.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.96%	16.73%	+16.23%

EMEQ vs. LRGG - Expense Ratio Comparison

EMEQ has a 0.86% expense ratio, which is higher than LRGG's 0.45% expense ratio.

Dividends

EMEQ vs. LRGG - Dividend Comparison

EMEQ's dividend yield for the trailing twelve months is around 1.55%, more than LRGG's 0.17% yield.

Position	TTM	2025	2024
EMEQ Nomura Focused Emerging Markets Equity ETF	1.55%	2.76%	0.84%
LRGG Nomura Focused Large Growth ETF	0.17%	0.16%	0.13%

Frequently Asked Questions

Can I hold both EMEQ and LRGG in my portfolio?

EMEQ and LRGG have a correlation of 0.41, 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 LRGG?

EMEQ has higher volatility (21.89%) compared to LRGG (5.53%). In terms of maximum drawdown, EMEQ dropped -19.99% vs LRGG's -18.94%.

Which ETF is better, EMEQ or LRGG?

On 1-year performance, EMEQ leads with 148.00% vs -2.65% for LRGG. On fees, LRGG is cheaper at 0.45% per year. On volatility, LRGG has been the lower-risk option at 5.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMEQ or LRGG?

Over the 1-year period, EMEQ has performed better with a 148.00% return vs -2.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMEQ or LRGG?

LRGG is cheaper with a 0.45% expense ratio, compared with 0.86% for EMEQ.

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

EMEQ has the higher dividend yield at 1.55%, compared with 0.17% for LRGG.

What is the main difference between EMEQ and LRGG?

EMEQ is categorized as Emerging Markets Diversified, while LRGG is Large Cap Growth Equities. Their fees differ too: 0.86% for EMEQ and 0.45% for LRGG.

Which has better risk-adjusted returns?

EMEQ currently has the higher Sharpe Ratio (3.98 vs -0.19), 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.