EMEQ vs. NOG
EMEQ (Nomura Focused Emerging Markets Equity ETF) is Emerging Markets Equities fund actively managed by Nomura, while NOG (Northern Oil and Gas, Inc.) is a stock. Over the past year, EMEQ returned 107.90% vs -18.99% for NOG. Their 0.08 correlation means their historical movements had little consistent relationship.
Performance
EMEQ vs. NOG - Performance Comparison
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Returns By Period
In the year-to-date period, EMEQ achieves a 53.76% return, which is significantly higher than NOG's 2.37% return.
EMEQ
- 1D
- 1.33%
- 1M
- -11.21%
- 6M
- 30.45%
- YTD
- 53.76%
- 1Y
- 107.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 65.06%
NOG
- 1D
- 1.49%
- 1M
- 20.44%
- 6M
- -12.08%
- YTD
- 2.37%
- 1Y
- -18.99%
- 3Y*
- -13.95%
- 5Y*
- 9.05%
- 10Y*
- -2.51%
- ALL TIME*
- -2.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.75M | $9.16M | $11.52M | |
| $54.84M | $61.54M | $65.18M |
EMEQ vs. NOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMEQ Nomura Focused Emerging Markets Equity ETF | 53.76% | 69.78% | -0.73% |
NOG Northern Oil and Gas, Inc. | 2.37% | -38.20% | 3.69% |
Correlation
The correlation between EMEQ and NOG is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.08 |
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Return for Risk
EMEQ vs. NOG — Risk / Return Rank
EMEQ
NOG
EMEQ vs. NOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nomura Focused Emerging Markets Equity ETF (EMEQ) and Northern Oil and Gas, Inc. (NOG). 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 | NOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.10 | ||
| Sortino ratioReturn per unit of downside risk | +3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.96 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | -0.46 | +4.59 |
| Martin ratioReturn relative to average drawdown | 15.08 | -1.03 | +16.11 |
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Drawdowns
EMEQ vs. NOG - Drawdown Comparison
The maximum EMEQ drawdown since its inception was -26.25%, smaller than the maximum NOG drawdown of -98.96%. Use the drawdown chart below to compare losses from any high point for EMEQ and NOG.
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Drawdown Indicators
| EMEQ | NOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.25% | -98.96% | +72.71% |
Max Drawdown (1Y)Largest decline over 1 year | -26.25% | -41.43% | +15.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -55.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.15% | — |
Current DrawdownCurrent decline from peak | -20.86% | -91.84% | +70.98% |
Average DrawdownAverage peak-to-trough decline | -4.67% | -69.89% | +65.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.18% | 19.41% | -12.23% |
Volatility
EMEQ vs. NOG - Volatility Comparison
The current volatility for Nomura Focused Emerging Markets Equity ETF (EMEQ) is 14.87%, while Northern Oil and Gas, Inc. (NOG) has a volatility of 16.52%. This indicates that EMEQ experiences smaller price fluctuations and is considered to be less risky than NOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMEQ | NOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.87% | 16.52% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 37.54% | 33.58% | +3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.39% | 46.31% | -5.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.15% | 49.16% | -15.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.15% | 70.52% | -36.37% |
Dividends
EMEQ vs. NOG - Dividend Comparison
EMEQ's dividend yield for the trailing twelve months is around 1.79%, less than NOG's 8.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EMEQ Nomura Focused Emerging Markets Equity ETF | 1.79% | 2.76% | 0.84% | 0.00% | 0.00% | 0.00% |
NOG Northern Oil and Gas, Inc. | 8.51% | 8.38% | 4.41% | 4.02% | 2.86% | 0.75% |
Frequently Asked Questions
EMEQ and NOG have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOG has higher volatility (16.52%) compared to EMEQ (14.87%). In terms of maximum drawdown, EMEQ dropped -26.25% vs NOG's -98.96%.
EMEQ currently has the higher Sharpe Ratio (2.69 vs -0.41), 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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