SOYB vs. EMEQ

Last updated Jul 12, 2026

SOYB (Teucrium Soybean Fund) and EMEQ (Nomura Focused Emerging Markets Equity ETF) are both exchange-traded funds - SOYB is a Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark, while EMEQ is a Emerging Markets Diversified fund actively managed by Nomura. SOYB is passively managed, while EMEQ is actively managed. Over the past year, SOYB returned 17.29% vs 127.62% for EMEQ. At a 0.12 correlation, their price movements are largely independent. SOYB charges 1.88%/yr vs 0.86%/yr for EMEQ.

Performance

SOYB vs. EMEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium Soybean Fund (SOYB) 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, SOYB achieves a 15.14% return, which is significantly lower than EMEQ's 70.04% return.

SOYB

• 1D: 0.28%
• 1M: 4.35%
• 6M: 13.74%
• YTD: 15.14%
• 1Y: 17.29%
• 3Y*: -3.42%
• 5Y*: 2.09%
• 10Y*: 2.13%

EMEQ

• 1D: 0.10%
• 1M: 0.76%
• 6M: 58.06%
• YTD: 70.04%
• 1Y: 127.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOYB vs. EMEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOYB Teucrium Soybean Fund	15.14%	1.77%	-3.81%
EMEQ Nomura Focused Emerging Markets Equity ETF	70.04%	69.78%	-0.73%

Correlation

The correlation between SOYB and EMEQ is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.12

Return for Risk

SOYB vs. EMEQ — Risk / Return Rank

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

SOYB

SOYB Risk / Return Rank: 46
SOYB Sharpe Ratio Rank: 47
SOYB Sortino Ratio Rank: 48
SOYB Omega Ratio Rank: 46
SOYB Calmar Ratio Rank: 48
SOYB Martin Ratio Rank: 40

EMEQ

EMEQ Risk / Return Rank: 94
EMEQ Sharpe Ratio Rank: 96
EMEQ Sortino Ratio Rank: 91
EMEQ Omega Ratio Rank: 93
EMEQ Calmar Ratio Rank: 96
EMEQ Martin Ratio Rank: 95

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.

SOYB vs. EMEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium Soybean Fund (SOYB) 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.

	SOYB	EMEQ	Difference
Sharpe ratio: Return per unit of total volatility	1.31	3.27	-1.97
Sortino ratio: Return per unit of downside risk	1.96	3.47	-1.51
Omega ratio: Gain probability vs. loss probability	1.24	1.51	-0.28
Calmar ratio: Return relative to maximum drawdown	1.92	6.98	-5.06
Martin ratio: Return relative to average drawdown	5.02	23.27	-18.26

SOYB vs. EMEQ - Sharpe Ratio Comparison

The current SOYB Sharpe Ratio is 1.31, which is lower than the EMEQ Sharpe Ratio of 3.27. The chart below compares the historical Sharpe Ratios of SOYB 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

SOYB vs. EMEQ - Drawdown Comparison

The maximum SOYB drawdown since its inception was -53.76%, which is greater than EMEQ's maximum drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for SOYB and EMEQ.

Drawdown Indicators

	SOYB	EMEQ	Difference
Max Drawdown Largest peak-to-trough decline	-53.76%	-19.99%	-33.77%
Max Drawdown (1Y) Largest decline over 1 year	-8.78%	-17.91%	+9.13%
Max Drawdown (3Y) Largest decline over 3 years	-31.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.93%	—	—
Current Drawdown Current decline from peak	-14.12%	-12.48%	-1.64%
Average Drawdown Average peak-to-trough decline	-25.69%	-4.19%	-21.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	5.36%	-2.00%

Volatility

SOYB vs. EMEQ - Volatility Comparison

The current volatility for Teucrium Soybean Fund (SOYB) is 4.42%, while Nomura Focused Emerging Markets Equity ETF (EMEQ) has a volatility of 18.22%. This indicates that SOYB 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

	SOYB	EMEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	18.22%	-13.80%
Volatility (6M) Calculated over the trailing 6-month period	9.47%	35.48%	-26.01%
Volatility (1Y) Calculated over the trailing 1-year period	12.93%	38.20%	-25.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	33.24%	-16.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.80%	33.24%	-16.44%

SOYB vs. EMEQ - Expense Ratio Comparison

SOYB has a 1.88% expense ratio, which is higher than EMEQ's 0.86% expense ratio.

Dividends

SOYB vs. EMEQ - Dividend Comparison

SOYB has not paid dividends to shareholders, while EMEQ's dividend yield for the trailing twelve months is around 1.62%.

Position	TTM	2025	2024
EMEQ Nomura Focused Emerging Markets Equity ETF	1.62%	2.76%	0.84%
SOYB Teucrium Soybean Fund	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOYB and EMEQ in my portfolio?

SOYB and EMEQ have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOYB or EMEQ?

EMEQ has higher volatility (18.22%) compared to SOYB (4.42%). In terms of maximum drawdown, SOYB dropped -53.76% vs EMEQ's -19.99%.

Which ETF is better, SOYB or EMEQ?

On 1-year performance, EMEQ leads with 127.62% vs 17.29% for SOYB. On fees, EMEQ is cheaper at 0.86% per year. On volatility, SOYB has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOYB or EMEQ?

Over the 1-year period, EMEQ has performed better with a 127.62% return vs 17.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOYB or EMEQ?

EMEQ is cheaper with a 0.86% expense ratio, compared with 1.88% for SOYB.

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

EMEQ has the higher dividend yield at 1.62%, compared with 0.00% for SOYB.

What is the main difference between SOYB and EMEQ?

SOYB is categorized as Agricultural Commodities, while EMEQ is Emerging Markets Diversified. They also come from different issuers: Teucrium and Nomura. Their fees differ too: 1.88% for SOYB and 0.86% for EMEQ.

Which has better risk-adjusted returns?

EMEQ currently has the higher Sharpe Ratio (3.27 vs 1.31), 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.