FTGC vs. EMEQ
FTGC (First Trust Global Tactical Commodity Strategy Fund) and EMEQ (Nomura Focused Emerging Markets Equity ETF) are both exchange-traded funds - FTGC is a Commodities fund actively managed by First Trust, while EMEQ is a Emerging Markets Equities fund actively managed by Nomura. Both are actively managed. Over the past year, FTGC returned 38.55% vs 107.90% for EMEQ. Their 0.19 correlation means their historical movements had little consistent relationship. FTGC charges 0.95%/yr vs 0.86%/yr for EMEQ.
Performance
FTGC vs. EMEQ - Performance Comparison
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Returns By Period
In the year-to-date period, FTGC achieves a 27.22% return, which is significantly lower than EMEQ's 53.76% return.
FTGC
- 1D
- 0.03%
- 1M
- 6.85%
- 6M
- 16.44%
- YTD
- 27.22%
- 1Y
- 38.55%
- 3Y*
- 14.53%
- 5Y*
- 12.93%
- 10Y*
- 8.01%
- ALL TIME*
- 3.31%
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 | |
| $15.55M | $14.47M | $23.37M |
FTGC vs. EMEQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 27.22% | 14.61% | 7.60% |
EMEQ Nomura Focused Emerging Markets Equity ETF | 53.76% | 69.78% | -0.73% |
Correlation
The correlation between FTGC and EMEQ is 0.10, 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. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.19 |
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Return for Risk
FTGC vs. EMEQ — Risk / Return Rank
FTGC
EMEQ
FTGC vs. EMEQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Tactical Commodity Strategy Fund (FTGC) 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.
| FTGC | EMEQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 4.13 | -1.00 |
| Martin ratioReturn relative to average drawdown | 10.32 | 15.08 | -4.76 |
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Drawdowns
FTGC vs. EMEQ - Drawdown Comparison
The maximum FTGC drawdown since its inception was -59.47%, which is greater than EMEQ's maximum drawdown of -26.25%. Use the drawdown chart below to compare losses from any high point for FTGC and EMEQ.
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Drawdown Indicators
| FTGC | EMEQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.47% | -26.25% | -33.22% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -26.25% | +13.91% |
Max Drawdown (3Y)Largest decline over 3 years | -12.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.91% | — | — |
Current DrawdownCurrent decline from peak | -4.60% | -20.86% | +16.26% |
Average DrawdownAverage peak-to-trough decline | -27.17% | -4.67% | -22.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 7.18% | -3.43% |
Volatility
FTGC vs. EMEQ - Volatility Comparison
The current volatility for First Trust Global Tactical Commodity Strategy Fund (FTGC) is 4.34%, while Nomura Focused Emerging Markets Equity ETF (EMEQ) has a volatility of 14.87%. This indicates that FTGC 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
| FTGC | EMEQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 14.87% | -10.53% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 37.54% | -24.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.87% | 40.39% | -24.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.71% | 34.15% | -18.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.73% | 34.15% | -19.42% |
FTGC vs. EMEQ - Expense Ratio Comparison
FTGC has a 0.95% expense ratio, which is higher than EMEQ's 0.86% expense ratio.
Dividends
FTGC vs. EMEQ - Dividend Comparison
FTGC's dividend yield for the trailing twelve months is around 15.23%, more than EMEQ's 1.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 15.23% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
Frequently Asked Questions
FTGC and EMEQ have a correlation of 0.10, 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 FTGC (4.34%). In terms of maximum drawdown, FTGC dropped -59.47% vs EMEQ's -26.25%.
On 1-year performance, EMEQ leads with 107.90% vs 38.55% for FTGC. On fees, EMEQ is cheaper at 0.86% per year. On volatility, FTGC has been the lower-risk option at 4.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EMEQ has performed better with a 107.90% return vs 38.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMEQ is cheaper with a 0.86% expense ratio, compared with 0.95% for FTGC.
FTGC has the higher dividend yield at 15.23%, compared with 1.79% for EMEQ.
FTGC is categorized as Commodities, while EMEQ is Emerging Markets Equities. They also come from different issuers: First Trust and Nomura. Their fees differ too: 0.95% for FTGC and 0.86% for EMEQ.
EMEQ currently has the higher Sharpe Ratio (2.69 vs 2.44), 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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