M vs. EMEQ
M (Macy's, Inc.) is a stock, while EMEQ (Nomura Focused Emerging Markets Equity ETF) is Emerging Markets Diversified fund actively managed by Nomura. Over the past year, M returned 132.50% vs 141.42% for EMEQ. At a 0.27 correlation, their price movements are largely independent.
Performance
M vs. EMEQ - Performance Comparison
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Returns By Period
In the year-to-date period, M achieves a 16.35% return, which is significantly lower than EMEQ's 70.13% return.
M
- 1D
- 1.32%
- 1M
- 37.81%
- YTD
- 16.35%
- 6M
- 7.05%
- 1Y
- 132.50%
- 3Y*
- 20.95%
- 5Y*
- 9.42%
- 10Y*
- 2.22%
EMEQ
- 1D
- 0.81%
- 1M
- 10.20%
- YTD
- 70.13%
- 6M
- 81.37%
- 1Y
- 141.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
M vs. EMEQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
M Macy's, Inc. | 16.35% | 36.55% | 13.18% |
EMEQ Nomura Focused Emerging Markets Equity ETF | 70.13% | 69.78% | -0.73% |
Correlation
The correlation between M and EMEQ is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.27 |
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Return for Risk
M vs. EMEQ — Risk / Return Rank
M
EMEQ
M vs. EMEQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Macy's, Inc. (M) 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.
| M | EMEQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.61 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 7.71 | -3.39 |
| Martin ratioReturn relative to average drawdown | 10.47 | 28.78 | -18.31 |
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Drawdowns
M vs. EMEQ - Drawdown Comparison
The maximum M drawdown since its inception was -91.95%, which is greater than EMEQ's maximum drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for M and EMEQ.
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Drawdown Indicators
| M | EMEQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.95% | -19.99% | -71.96% |
Max Drawdown (1Y)Largest decline over 1 year | -28.61% | -17.91% | -10.70% |
Max Drawdown (3Y)Largest decline over 3 years | -51.33% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -69.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -87.79% | — | — |
Current DrawdownCurrent decline from peak | -44.51% | -5.69% | -38.82% |
Average DrawdownAverage peak-to-trough decline | -34.61% | -4.05% | -30.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.79% | 4.79% | +7.00% |
Volatility
M vs. EMEQ - Volatility Comparison
The current volatility for Macy's, Inc. (M) is 14.61%, while Nomura Focused Emerging Markets Equity ETF (EMEQ) has a volatility of 19.34%. This indicates that M 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
| M | EMEQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.61% | 19.34% | -4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 29.51% | 32.54% | -3.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.38% | 35.48% | +10.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.14% | 31.87% | +22.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.17% | 31.87% | +24.30% |
Dividends
M vs. EMEQ - Dividend Comparison
M's dividend yield for the trailing twelve months is around 2.91%, more than EMEQ's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMEQ Nomura Focused Emerging Markets Equity ETF | 1.62% | 2.76% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
M Macy's, Inc. | 2.19% | 3.31% | 4.10% | 3.29% | 3.05% | 1.15% | 3.36% | 8.88% | 5.07% | 5.99% | 4.17% | 3.98% |
Frequently Asked Questions
M and EMEQ have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMEQ has higher volatility (19.34%) compared to M (14.61%). In terms of maximum drawdown, M dropped -91.95% vs EMEQ's -19.99%.
EMEQ currently has the higher Sharpe Ratio (3.89 vs 2.67), 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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