- ISIN
- US3814302069
- CUSIP
- 381430206
- Issuer
- Goldman Sachs
- Inception Date
- Sep 29, 2015
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Goldman Sachs ActiveBeta Emerging Markets Equity Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Highlights
- Avg. Volume (1M)
- 123K
- Avg. Volume Value (1M)
- $6.08M
Share Price Chart
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Performance
GEM Performance Chart
Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) is up 17.8% since the beginning of the year. GEM is currently trading at $49 per share. Investors who bought $1,000 worth of GEM shares 5 years ago would now be looking at an investment worth $1,450.
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Returns By Period
Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) has returned 17.80% so far this year and 35.17% over the past 12 months. Over the last ten years, GEM has returned 8.48% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
- 1D
- 0.72%
- 1M
- -2.35%
- 6M
- 8.93%
- YTD
- 17.80%
- 1Y
- 35.17%
- 3Y*
- 18.77%
- 5Y*
- 7.71%
- 10Y*
- 8.48%
- ALL TIME*
- 9.14%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
GEM Monthly Returns History
Based on dividend-adjusted daily data since Sep 29, 2015, GEM's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, an investment would double in approximately 6.9 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2022 with a return of +14.5%, while the worst month was Mar 2020 at -15.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GEM closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +7.2%, while the worst single day was Mar 16, 2020 at -10.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.15% | 5.73% | -9.22% | 11.57% | 7.86% | 0.02% | -5.71% | 17.80% | |||||
| 2025 | 1.69% | 0.49% | 1.72% | 0.57% | 4.29% | 6.93% | 0.56% | 2.83% | 5.85% | 3.41% | -1.20% | 2.35% | 33.43% |
| 2024 | -4.14% | 4.35% | 2.08% | -0.06% | 1.88% | 2.38% | 1.10% | 0.69% | 5.57% | -3.76% | -1.78% | -1.37% | 6.66% |
| 2023 | 8.83% | -6.10% | 4.11% | 0.00% | -2.55% | 3.73% | 5.18% | -6.26% | -2.07% | -3.02% | 7.23% | 3.55% | 11.82% |
| 2022 | -1.11% | -3.61% | -3.33% | -6.14% | 0.82% | -6.07% | -0.67% | -1.76% | -10.42% | -1.39% | 14.49% | -2.68% | -21.33% |
| 2021 | 2.20% | 0.82% | 0.41% | 1.70% | 1.84% | 0.30% | -5.51% | 1.56% | -3.51% | 0.22% | -3.20% | 3.39% | -0.19% |
Benchmark Metrics
Goldman Sachs ActiveBeta Emerging Markets Equity ETF has an annualized alpha of -0.86%, beta of 0.80, and R2 of 0.54 versus S&P 500 Index. Calculated based on daily prices since September 29, 2015.
- This ETF participated in 81.61% of S&P 500 Index downside but only 69.56% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.86%
- Beta
- 0.80
- R²
- 0.54
- Upside Capture
- 69.56%
- Downside Capture
- 81.61%
Expense Ratio
GEM has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GEM ranks 62 for risk / return — above 62% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) and compare them to S&P 500 Index.
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.
| GEM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 2.00 | +0.53 |
| Martin ratioReturn relative to average drawdown | 7.58 | 8.49 | -0.92 |
Dividends
Dividend History
Goldman Sachs ActiveBeta Emerging Markets Equity ETF provided a 1.95% dividend yield over the last twelve months, with an annual payout of $0.96 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.96 | $0.96 | $0.82 | $0.91 | $0.84 | $1.11 | $0.62 | $1.07 | $0.63 | $0.65 | $0.53 | $0.06 |
Dividend yield | 1.95% | 2.30% | 2.58% | 2.97% | 2.96% | 3.00% | 1.63% | 3.13% | 2.08% | 1.81% | 1.98% | 0.25% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs ActiveBeta Emerging Markets Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.96 | $0.96 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $0.82 |
| 2023 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.17 | $0.91 |
| 2022 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.07 | $0.84 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.70 | $0.00 | $0.00 | $0.20 | $1.11 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Goldman Sachs ActiveBeta Emerging Markets Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Goldman Sachs ActiveBeta Emerging Markets Equity ETF was 37.02%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
The current Goldman Sachs ActiveBeta Emerging Markets Equity ETF drawdown is 9.35%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-37.02%Mar 2020 | 2y 1mo | 8mo 16d | 2y 10moJan 2018 - Dec 2020 | COVID crash2020 |
-36.24%Oct 2022 | 1y 8mo | 2y 8mo | 4y 4moFeb 2021 - Jul 2025 | Bear market2022 |
-19.70%Jan 2016 | 3mo 9d | 5mo 25d | 9mo 4dOct 2015 - Jul 2016 | — |
-13.50%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 | — |
-13.35%Jul 2026 | 1mo 6d | — | 1mo 11dJun 2026 - now | — |
Drawdown Indicators
| GEM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.02% | -56.78% | +19.76% |
Max Drawdown (1Y)Largest decline over 1 year | -13.50% | -9.10% | -4.40% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -18.90% | +2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -33.14% | -25.43% | -7.71% |
Max Drawdown (10Y)Largest decline over 10 years | -37.02% | -33.92% | -3.10% |
Current DrawdownCurrent decline from peak | -9.35% | -1.58% | -7.77% |
Average DrawdownAverage peak-to-trough decline | -11.93% | -10.70% | -1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 2.14% | +2.37% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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