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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Goldman Sachs Access Emerging Markets USD Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) has returned -1.61% so far this year and 9.00% over the past 12 months.
Goldman Sachs Access Emerging Markets USD Bond ETF
- 1D
- 0.95%
- 1M
- -3.61%
- YTD
- -1.61%
- 6M
- 1.44%
- 1Y
- 9.00%
- 3Y*
- 6.89%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Feb 17, 2022, GEMD's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, your investment would double in approximately 36.1 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2022 with a return of +10.0%, while the worst month was Jun 2022 at -6.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, GEMD closed higher 53% of trading days. The best single day was Nov 10, 2022 with a return of +4.6%, while the worst single day was Jun 13, 2022 at -2.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.40% | 1.66% | -3.61% | -1.61% | |||||||||
| 2025 | 1.59% | 1.82% | -0.81% | 0.00% | 1.08% | 2.38% | 0.74% | 1.69% | 1.37% | 2.70% | 0.27% | 0.11% | 13.67% |
| 2024 | -0.93% | 0.99% | 1.48% | -2.54% | 2.72% | -0.52% | 2.68% | 2.19% | 1.91% | -3.08% | 1.20% | -2.60% | 3.31% |
| 2023 | 3.68% | -2.88% | 1.95% | 0.09% | -1.52% | 1.88% | 1.60% | -1.93% | -2.98% | -1.62% | 5.50% | 4.90% | 8.51% |
| 2022 | -5.53% | -1.53% | -6.42% | 0.91% | -6.62% | 3.49% | -2.69% | -6.33% | 0.17% | 9.95% | -1.08% | -15.70% |
Benchmark Metrics
Goldman Sachs Access Emerging Markets USD Bond ETF has an annualized alpha of -1.73%, beta of 0.32, and R² of 0.31 versus S&P 500 Index. Calculated based on daily prices since February 18, 2022.
- This ETF participated in 71.94% of S&P 500 Index downside but only 42.72% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.32 may look defensive, but with R² of 0.31 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.31 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.73%
- Beta
- 0.32
- R²
- 0.31
- Upside Capture
- 42.72%
- Downside Capture
- 71.94%
Expense Ratio
GEMD has an expense ratio of 0.39%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GEMD ranks 74 for risk / return — better than 74% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) and compare them to a chosen benchmark (S&P 500 Index).
| GEMD | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 0.90 | +0.49 |
Sortino ratioReturn per unit of downside risk | 1.96 | 1.39 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.21 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.40 | +0.59 |
Martin ratioReturn relative to average drawdown | 8.28 | 6.61 | +1.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore GEMD risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Goldman Sachs Access Emerging Markets USD Bond ETF provided a 6.47% dividend yield over the last twelve months, with an annual payout of $2.68 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $2.68 | $2.68 | $2.31 | $2.33 | $2.16 |
Dividend yield | 6.47% | 6.32% | 5.79% | 5.70% | 5.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Access Emerging Markets USD Bond 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 | $0.20 | $0.18 | $0.37 | |||||||||
| 2025 | $0.00 | $0.19 | $0.19 | $0.20 | $0.49 | $0.21 | $0.20 | $0.20 | $0.19 | $0.23 | $0.21 | $0.40 | $2.68 |
| 2024 | $0.00 | $0.19 | $0.18 | $0.18 | $0.21 | $0.20 | $0.18 | $0.21 | $0.18 | $0.20 | $0.20 | $0.40 | $2.31 |
| 2023 | $0.00 | $0.21 | $0.19 | $0.20 | $0.19 | $0.16 | $0.20 | $0.20 | $0.19 | $0.19 | $0.20 | $0.40 | $2.33 |
| 2022 | $0.08 | $0.18 | $0.21 | $0.20 | $0.23 | $0.25 | $0.24 | $0.20 | $0.18 | $0.41 | $2.16 |
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 Access Emerging Markets USD Bond 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 Access Emerging Markets USD Bond ETF was 24.56%, occurring on Oct 20, 2022. Recovery took 673 trading sessions.
The current Goldman Sachs Access Emerging Markets USD Bond ETF drawdown is 3.61%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.56% | Feb 18, 2022 | 169 | Oct 20, 2022 | 673 | Jun 30, 2025 | 842 |
| -4.64% | Mar 2, 2026 | 20 | Mar 27, 2026 | — | — | — |
| -1.05% | Dec 30, 2025 | 14 | Jan 20, 2026 | 3 | Jan 23, 2026 | 17 |
| -0.96% | Jul 7, 2025 | 7 | Jul 15, 2025 | 8 | Jul 25, 2025 | 15 |
| -0.86% | Oct 29, 2025 | 6 | Nov 5, 2025 | 15 | Nov 26, 2025 | 21 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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