EMEQ vs. NOG
EMEQ (Nomura Focused Emerging Markets Equity ETF) is Emerging Markets Diversified fund actively managed by Nomura, while NOG (Northern Oil and Gas, Inc.) is a stock. Over the past year, EMEQ returned 127.62% vs -35.02% for NOG. At a 0.09 correlation, their price movements are largely independent.
Performance
EMEQ vs. NOG - 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 NOG's -10.36% return.
EMEQ
- 1D
- 0.10%
- 1M
- 0.76%
- 6M
- 58.06%
- YTD
- 70.04%
- 1Y
- 127.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NOG
- 1D
- -1.44%
- 1M
- -7.12%
- 6M
- -12.00%
- YTD
- -10.36%
- 1Y
- -35.02%
- 3Y*
- -14.51%
- 5Y*
- 3.47%
- 10Y*
- -7.03%
EMEQ vs. NOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMEQ Nomura Focused Emerging Markets Equity ETF | 70.04% | 69.78% | -0.73% |
NOG Northern Oil and Gas, Inc. | -10.36% | -38.20% | 3.69% |
Correlation
The correlation between EMEQ and NOG is -0.01, 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 | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.09 |
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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 | +4.05 | ||
| Sortino ratioReturn per unit of downside risk | +4.43 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 0.89 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 6.98 | -0.85 | +7.83 |
| Martin ratioReturn relative to average drawdown | 23.27 | -1.62 | +24.89 |
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Drawdowns
EMEQ vs. NOG - Drawdown Comparison
The maximum EMEQ drawdown since its inception was -19.99%, 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 | -19.99% | -98.96% | +78.97% |
Max Drawdown (1Y)Largest decline over 1 year | -17.91% | -41.43% | +23.52% |
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 | — | -92.98% | — |
Current DrawdownCurrent decline from peak | -12.48% | -92.85% | +80.37% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -69.82% | +65.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.36% | 21.78% | -16.42% |
Volatility
EMEQ vs. NOG - Volatility Comparison
Nomura Focused Emerging Markets Equity ETF (EMEQ) has a higher volatility of 18.22% compared to Northern Oil and Gas, Inc. (NOG) at 14.14%. This indicates that EMEQ's price experiences larger fluctuations and is considered to be riskier 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 | 18.22% | 14.14% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 35.48% | 32.39% | +3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.20% | 45.38% | -7.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.24% | 49.25% | -16.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.24% | 70.57% | -37.33% |
Dividends
EMEQ vs. NOG - Dividend Comparison
EMEQ's dividend yield for the trailing twelve months is around 1.62%, less than NOG's 9.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EMEQ Nomura Focused Emerging Markets Equity ETF | 1.62% | 2.76% | 0.84% | 0.00% | 0.00% | 0.00% |
NOG Northern Oil and Gas, Inc. | 9.72% | 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.
EMEQ has higher volatility (18.22%) compared to NOG (14.14%). In terms of maximum drawdown, EMEQ dropped -19.99% vs NOG's -98.96%.
EMEQ currently has the higher Sharpe Ratio (3.27 vs -0.78), 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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