NTSE vs. EMEQ

Last updated Jun 5, 2026

NTSE (WisdomTree Emerging Markets Efficient Core Fund) and EMEQ (Nomura Focused Emerging Markets Equity ETF) are both exchange-traded funds - NTSE is a Diversified Portfolio fund actively managed by WisdomTree, while EMEQ is a Emerging Markets Diversified fund actively managed by Nomura. Both are actively managed. Over the past year, NTSE returned 59.40% vs 154.82% for EMEQ. Their correlation of 0.87 suggests significant overlap in exposure. NTSE charges 0.38%/yr vs 0.86%/yr for EMEQ.

Performance

NTSE vs. EMEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Efficient Core Fund (NTSE) 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, NTSE achieves a 30.29% return, which is significantly lower than EMEQ's 74.89% return.

NTSE

• 1D: -1.31%
• 1M: 7.69%
• YTD: 30.29%
• 6M: 33.64%
• 1Y: 59.40%
• 3Y*: 24.55%
• 5Y*: 6.15%
• 10Y*: —

EMEQ

• 1D: -1.80%
• 1M: 16.61%
• YTD: 74.89%
• 6M: 86.91%
• 1Y: 154.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NTSE vs. EMEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NTSE WisdomTree Emerging Markets Efficient Core Fund	30.29%	36.29%	-2.49%
EMEQ Nomura Focused Emerging Markets Equity ETF	74.89%	69.78%	-1.16%

Correlation

The correlation between NTSE and EMEQ is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024	0.87

The correlation between NTSE and EMEQ has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.

NTSE vs. EMEQ - Sectors Allocation Comparison

Sectors	NTSE	EMEQ
Consumer Cyclical	2.2%	8.2%
Financial Services	2.1%	11.1%
Communication Services	1.8%	5.7%
Technology	0.8%	56.6%
Basic Materials	0.5%	1.8%
Consumer Defensive	0.3%	2.9%
Industrials	0.2%	5.8%
Healthcare	0.2%	1.0%
Energy	0.1%	7.0%
Real Estate	0.1%	-
Utilities	0.0%	-

Return for Risk

NTSE vs. EMEQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NTSE

NTSE Risk / Return Rank: 85
NTSE Sharpe Ratio Rank: 87
NTSE Sortino Ratio Rank: 86
NTSE Omega Ratio Rank: 87
NTSE Calmar Ratio Rank: 81
NTSE Martin Ratio Rank: 82

EMEQ

EMEQ Risk / Return Rank: 96
EMEQ Sharpe Ratio Rank: 97
EMEQ Sortino Ratio Rank: 95
EMEQ Omega Ratio Rank: 95
EMEQ Calmar Ratio Rank: 96
EMEQ Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NTSE vs. EMEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Efficient Core Fund (NTSE) 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.

	NTSE	EMEQ	Difference
Sharpe ratio: Return per unit of total volatility	2.88	4.85	-1.98
Sortino ratio: Return per unit of downside risk	3.82	5.00	-1.18
Omega ratio: Gain probability vs. loss probability	1.53	1.71	-0.18
Calmar ratio: Return relative to maximum drawdown	4.21	8.70	-4.49
Martin ratio: Return relative to average drawdown	16.27	34.77	-18.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NTSE vs. EMEQ - Sharpe Ratio Comparison

The current NTSE Sharpe Ratio is 2.88, which is lower than the EMEQ Sharpe Ratio of 4.85. The chart below compares the historical Sharpe Ratios of NTSE 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.

Sharpe Ratios by Period

	NTSE	EMEQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	4.85	-1.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	2.87	-2.50

Drawdowns

NTSE vs. EMEQ - Drawdown Comparison

The maximum NTSE drawdown since its inception was -42.84%, which is greater than EMEQ's maximum drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for NTSE and EMEQ.

Drawdown Indicators

	NTSE	EMEQ	Difference
Max Drawdown Largest peak-to-trough decline	-42.84%	-19.99%	-22.85%
Max Drawdown (1Y) Largest decline over 1 year	-14.20%	-17.91%	+3.71%
Max Drawdown (3Y) Largest decline over 3 years	-18.73%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.84%	—	—
Current Drawdown Current decline from peak	-2.47%	-3.05%	+0.58%
Average Drawdown Average peak-to-trough decline	-19.72%	-3.97%	-15.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	4.47%	-0.81%

Volatility

NTSE vs. EMEQ - Volatility Comparison

The current volatility for WisdomTree Emerging Markets Efficient Core Fund (NTSE) is 9.12%, while Nomura Focused Emerging Markets Equity ETF (EMEQ) has a volatility of 15.07%. This indicates that NTSE 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

	NTSE	EMEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.12%	15.07%	-5.95%
Volatility (6M) Calculated over the trailing 6-month period	18.25%	28.60%	-10.35%
Volatility (1Y) Calculated over the trailing 1-year period	20.79%	32.17%	-11.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.26%	29.97%	-10.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.24%	29.97%	-10.73%

NTSE vs. EMEQ - Expense Ratio Comparison

NTSE has a 0.38% expense ratio, which is lower than EMEQ's 0.86% expense ratio.

Dividends

NTSE vs. EMEQ - Dividend Comparison

NTSE's dividend yield for the trailing twelve months is around 2.54%, more than EMEQ's 1.58% yield.

Position	TTM	2025	2024	2023	2022	2021
EMEQ Nomura Focused Emerging Markets Equity ETF	1.58%	2.76%	0.84%	0.00%	0.00%	0.00%
NTSE WisdomTree Emerging Markets Efficient Core Fund	2.54%	3.35%	3.23%	2.44%	3.22%	2.10%

Frequently Asked Questions

Can I hold both NTSE and EMEQ in my portfolio?

NTSE and EMEQ have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NTSE or EMEQ?

EMEQ has higher volatility (15.07%) compared to NTSE (9.12%). In terms of maximum drawdown, NTSE dropped -42.84% vs EMEQ's -19.99%.

Which ETF is better, NTSE or EMEQ?

On 1-year performance, EMEQ leads with 154.82% vs 59.40% for NTSE. On fees, NTSE is cheaper at 0.38% per year. On volatility, NTSE has been the lower-risk option at 9.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NTSE or EMEQ?

Over the 1-year period, EMEQ has performed better with a 154.82% return vs 59.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NTSE or EMEQ?

NTSE is cheaper with a 0.38% expense ratio, compared with 0.86% for EMEQ.

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

NTSE has the higher dividend yield at 2.54%, compared with 1.58% for EMEQ.

What is the main difference between NTSE and EMEQ?

NTSE is categorized as Diversified Portfolio, while EMEQ is Emerging Markets Diversified. They also come from different issuers: WisdomTree and Nomura. Their fees differ too: 0.38% for NTSE and 0.86% for EMEQ.

Which has better risk-adjusted returns?

EMEQ currently has the higher Sharpe Ratio (4.85 vs 2.88), 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.