FRO vs. EMEQ
FRO (Frontline Ltd.) is a stock, while EMEQ (Nomura Focused Emerging Markets Equity ETF) is Emerging Markets Equities fund actively managed by Nomura. Over the past year, FRO returned 135.73% vs 107.90% for EMEQ. Their 0.17 correlation means their historical movements had little consistent relationship.
Performance
FRO vs. EMEQ - Performance Comparison
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Returns By Period
In the year-to-date period, FRO achieves a 94.26% return, which is significantly higher than EMEQ's 53.76% return.
FRO
- 1D
- 0.69%
- 1M
- 13.46%
- 6M
- 48.31%
- YTD
- 94.26%
- 1Y
- 135.73%
- 3Y*
- 45.97%
- 5Y*
- 49.01%
- 10Y*
- 26.54%
- ALL TIME*
- 7.04%
EMEQ
- 1D
- 1.33%
- 1M
- -11.21%
- 6M
- 30.45%
- YTD
- 53.76%
- 1Y
- 107.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 65.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.75M | $9.16M | $11.52M | |
| $66.00M | $77.57M | $107.06M |
FRO vs. EMEQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FRO Frontline Ltd. | 94.26% | 61.17% | -32.84% |
EMEQ Nomura Focused Emerging Markets Equity ETF | 53.76% | 69.78% | -0.73% |
Correlation
The correlation between FRO and EMEQ is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.17 |
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Return for Risk
FRO vs. EMEQ — Risk / Return Rank
FRO
EMEQ
FRO vs. EMEQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Frontline Ltd. (FRO) and Nomura Focused Emerging Markets Equity ETF (EMEQ). 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.
| FRO | EMEQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.43 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 6.38 | 4.13 | +2.24 |
| Martin ratioReturn relative to average drawdown | 16.21 | 15.08 | +1.12 |
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Drawdowns
FRO vs. EMEQ - Drawdown Comparison
The maximum FRO drawdown since its inception was -98.36%, which is greater than EMEQ's maximum drawdown of -26.25%. Use the drawdown chart below to compare losses from any high point for FRO and EMEQ.
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Drawdown Indicators
| FRO | EMEQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.36% | -26.25% | -72.11% |
Max Drawdown (1Y)Largest decline over 1 year | -21.41% | -26.25% | +4.84% |
Max Drawdown (3Y)Largest decline over 3 years | -52.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -52.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.04% | — | — |
Current DrawdownCurrent decline from peak | -69.74% | -20.86% | -48.88% |
Average DrawdownAverage peak-to-trough decline | -67.85% | -4.67% | -63.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.41% | 7.18% | +1.23% |
Volatility
FRO vs. EMEQ - Volatility Comparison
The current volatility for Frontline Ltd. (FRO) is 12.24%, while Nomura Focused Emerging Markets Equity ETF (EMEQ) has a volatility of 14.87%. This indicates that FRO experiences smaller price fluctuations and is considered to be less risky than EMEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRO | EMEQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.24% | 14.87% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 33.26% | 37.54% | -4.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.30% | 40.39% | +2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.77% | 34.15% | +15.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.17% | 34.15% | +17.02% |
Dividends
FRO vs. EMEQ - Dividend Comparison
FRO's dividend yield for the trailing twelve months is around 7.95%, more than EMEQ's 1.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMEQ Nomura Focused Emerging Markets Equity ETF | 1.79% | 2.76% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRO Frontline Ltd. | 7.95% | 4.26% | 13.74% | 14.31% | 1.24% | 0.00% | 25.72% | 0.78% | 0.00% | 6.54% | 19.83% | 1.67% |
Frequently Asked Questions
FRO and EMEQ have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMEQ has higher volatility (14.87%) compared to FRO (12.24%). In terms of maximum drawdown, FRO dropped -98.36% vs EMEQ's -26.25%.
FRO currently has the higher Sharpe Ratio (3.16 vs 2.69), 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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