LRGG vs. EMEQ

Last updated Aug 2, 2026

LRGG (Nomura Focused Large Growth ETF) and EMEQ (Nomura Focused Emerging Markets Equity ETF) are both exchange-traded funds - LRGG is a Large Cap Growth Equities fund actively managed by Nomura, while EMEQ is a Emerging Markets Equities fund actively managed by Nomura. Both are actively managed. Over the past year, LRGG returned -0.78% vs 110.88% for EMEQ. Their 0.41 correlation means their historical movements had little consistent relationship. LRGG charges 0.45%/yr vs 0.86%/yr for EMEQ.

Performance

LRGG vs. EMEQ - Performance Comparison

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

Returns By Period

In the year-to-date period, LRGG achieves a -2.31% return, which is significantly lower than EMEQ's 53.76% return.

LRGG

• 1D: 1.46%
• 1M: 2.40%
• 6M: 1.42%
• YTD: -2.31%
• 1Y: -0.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.52%

EMEQ

• 1D: 1.33%
• 1M: -8.23%
• 6M: 30.45%
• YTD: 53.76%
• 1Y: 110.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 65.06%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EMEQ Nomura Focused Emerging Markets Equity ETF	$8.75M	$9.16M	$11.52M
LRGG Nomura Focused Large Growth ETF	$839.09K	$820.26K	$1.43M

LRGG vs. EMEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LRGG Nomura Focused Large Growth ETF	-2.31%	7.65%	5.10%
EMEQ Nomura Focused Emerging Markets Equity ETF	53.76%	69.78%	-0.73%

Correlation

The correlation between LRGG and EMEQ is 0.34, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.34
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.41

LRGG vs. EMEQ - Sectors Allocation Comparison

Sectors	LRGG	EMEQ
Technology	45.6%	58.0%
Financial Services	18.2%	11.6%
Industrials	12.5%	6.2%
Healthcare	9.0%	1.0%
Consumer Cyclical	7.9%	6.2%
Communication Services	6.8%	5.5%
Consumer Defensive	1.8%	2.7%
Real Estate	1.8%	-
Basic Materials	-	1.6%
Energy	-	7.2%
Utilities	-	0.9%

Return for Risk

LRGG vs. EMEQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LRGG

LRGG Risk / Return Rank: 8
LRGG Sharpe Ratio Rank: 8
LRGG Sortino Ratio Rank: 8
LRGG Omega Ratio Rank: 8
LRGG Calmar Ratio Rank: 9
LRGG Martin Ratio Rank: 9

EMEQ

EMEQ Risk / Return Rank: 91
EMEQ Sharpe Ratio Rank: 95
EMEQ Sortino Ratio Rank: 88
EMEQ Omega Ratio Rank: 90
EMEQ Calmar Ratio Rank: 92
EMEQ Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LRGG vs. EMEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nomura Focused Large Growth ETF (LRGG) 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.

	LRGG	EMEQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	2.69	-2.87
Sortino ratio: Return per unit of downside risk	-0.14	2.99	-3.13
Omega ratio: Gain probability vs. loss probability	0.98	1.43	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.14	4.13	-4.28
Martin ratio: Return relative to average drawdown	-0.34	15.08	-15.42

LRGG vs. EMEQ - Sharpe Ratio Comparison

The current LRGG Sharpe Ratio is -0.18, which is lower than the EMEQ Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of LRGG and EMEQ, 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

LRGG vs. EMEQ - Drawdown Comparison

The maximum LRGG drawdown since its inception was -18.94%, smaller than the maximum EMEQ drawdown of -26.25%. Use the drawdown chart below to compare losses from any high point for LRGG and EMEQ.

Drawdown Indicators

	LRGG	EMEQ	Difference
Max Drawdown Largest peak-to-trough decline	-18.94%	-26.25%	+7.31%
Max Drawdown (1Y) Largest decline over 1 year	-18.94%	-26.25%	+7.31%
Current Drawdown Current decline from peak	-5.49%	-20.86%	+15.37%
Average Drawdown Average peak-to-trough decline	-4.57%	-4.67%	+0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.93%	7.18%	+0.75%

Volatility

LRGG vs. EMEQ - Volatility Comparison

The current volatility for Nomura Focused Large Growth ETF (LRGG) is 4.65%, while Nomura Focused Emerging Markets Equity ETF (EMEQ) has a volatility of 14.87%. This indicates that LRGG 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.

Volatility by Period

	LRGG	EMEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	14.87%	-10.22%
Volatility (6M) Calculated over the trailing 6-month period	12.23%	37.54%	-25.31%
Volatility (1Y) Calculated over the trailing 1-year period	15.01%	40.39%	-25.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.74%	34.15%	-17.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.74%	34.15%	-17.41%

LRGG vs. EMEQ - Expense Ratio Comparison

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

Dividends

LRGG vs. EMEQ - Dividend Comparison

LRGG's dividend yield for the trailing twelve months is around 0.16%, less than EMEQ's 1.79% yield.

Position	TTM	2025	2024
EMEQ Nomura Focused Emerging Markets Equity ETF	1.79%	2.76%	0.84%
LRGG Nomura Focused Large Growth ETF	0.16%	0.16%	0.13%

Frequently Asked Questions

Can I hold both LRGG and EMEQ in my portfolio?

LRGG and EMEQ have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LRGG or EMEQ?

EMEQ has higher volatility (14.87%) compared to LRGG (4.65%). In terms of maximum drawdown, LRGG dropped -18.94% vs EMEQ's -26.25%.

Which ETF is better, LRGG or EMEQ?

On 1-year performance, EMEQ leads with 110.88% vs -0.78% for LRGG. On fees, LRGG is cheaper at 0.45% per year. On volatility, LRGG has been the lower-risk option at 4.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LRGG or EMEQ?

Over the 1-year period, EMEQ has performed better with a 110.88% return vs -0.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LRGG or EMEQ?

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

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

EMEQ has the higher dividend yield at 1.79%, compared with 0.16% for LRGG.

What is the main difference between LRGG and EMEQ?

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

Which has better risk-adjusted returns?

EMEQ currently has the higher Sharpe Ratio (2.69 vs -0.18), 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.