- ISIN
- US38142B3693
- Issuer
- Goldman Sachs
- Inception Date
- Dec 14, 1997
- Category
- Emerging Markets Diversified
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GEMIX Performance Chart
Goldman Sachs Emerging Markets Equity Fund (GEMIX) is up 31.3% since the beginning of the year. GEMIX is currently trading at $40 per share. Investors who bought $1,000 worth of GEMIX shares 5 years ago would now be looking at an investment worth $1,290.
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Returns By Period
Goldman Sachs Emerging Markets Equity Fund (GEMIX) has returned 31.33% so far this year and 61.67% over the past 12 months. Over the last ten years, GEMIX has returned 10.70% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Goldman Sachs Emerging Markets Equity Fund
- 1D
- 2.20%
- 1M
- 8.60%
- YTD
- 31.33%
- 6M
- 34.78%
- 1Y
- 61.67%
- 3Y*
- 25.04%
- 5Y*
- 5.23%
- 10Y*
- 10.70%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.68%
- YTD
- 11.16%
- 6M
- 11.10%
- 1Y
- 27.46%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
GEMIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1998, GEMIX's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.
Historically, 57% of months were positive and 43% were negative. The best month was May 2009 with a return of +20.1%, while the worst month was Aug 1998 at -29.1%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, GEMIX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +14.0%, while the worst single day was Oct 15, 2008 at -11.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.76% | 5.94% | -10.39% | 15.54% | 7.73% | 2.20% | 31.33% | ||||||
| 2025 | 0.61% | 1.29% | -0.04% | 0.47% | 4.56% | 5.98% | 0.95% | 3.25% | 7.53% | 3.78% | -2.23% | 3.01% | 32.84% |
| 2024 | -3.41% | 5.22% | 2.48% | -0.49% | 1.13% | 3.16% | 1.04% | 1.37% | 5.82% | -3.62% | -2.56% | -0.85% | 9.10% |
| 2023 | 10.46% | -6.93% | 2.01% | -1.73% | -2.24% | 4.43% | 4.06% | -5.61% | -2.90% | -3.28% | 6.78% | 2.90% | 6.63% |
| 2022 | -3.77% | -6.23% | -4.52% | -7.64% | 0.47% | -6.69% | 0.18% | -1.79% | -11.30% | -4.84% | 15.72% | -2.37% | -30.01% |
| 2021 | 3.91% | 1.18% | -3.24% | 1.66% | 2.27% | 2.69% | -5.61% | 2.68% | -4.53% | 1.09% | -4.60% | 0.62% | -2.48% |
Benchmark Metrics
Goldman Sachs Emerging Markets Equity Fund has an annualized alpha of 2.61%, beta of 0.79, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since January 05, 1998.
- This fund captured 110.24% of S&P 500 Index gains and 107.79% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.61% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.61%
- Beta
- 0.79
- R²
- 0.52
- Upside Capture
- 110.24%
- Downside Capture
- 107.79%
Expense Ratio
GEMIX has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GEMIX ranks 89 for risk / return — in the top 89% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goldman Sachs Emerging Markets Equity Fund (GEMIX) and compare them to S&P 500 Index.
| GEMIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.27 | 2.39 | +0.88 |
Sortino ratioReturn per unit of downside risk | 3.99 | 3.25 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.61 | 1.43 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 4.67 | 3.11 | +1.55 |
Martin ratioReturn relative to average drawdown | 18.24 | 14.38 | +3.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Goldman Sachs Emerging Markets Equity Fund provided a 0.59% dividend yield over the last twelve months, with an annual payout of $0.24 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.24 | $0.25 | $0.29 | $0.05 | $0.28 | $0.09 | $0.25 | $0.15 | $0.21 | $0.17 | $0.02 |
Dividend yield | 0.59% | 0.78% | 1.09% | 1.33% | 0.22% | 0.95% | 0.31% | 1.09% | 0.79% | 0.88% | 1.09% | 0.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Emerging Markets Equity Fund. 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 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
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 Emerging Markets Equity Fund. 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 Emerging Markets Equity Fund was 68.46%, occurring on Nov 20, 2008. Recovery took 2134 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -68.46%Nov 2008 | 1y 20d | 8y 5mo | 9y 6moNov 2007 - May 2017 |
Dot-com crash2000–2002 | -50.63%Sep 2001 | 1y 7mo | 2y 6mo | 4y 1moFeb 2000 - Apr 2004 |
Bear market2022 | -47.24%Oct 2022 | 1y 8mo | 3y 3mo | 4y 11moFeb 2021 - Jan 2026 |
1998 bear market1998 | -45.84%Sep 1998 | 4mo 22d | 1y 2mo | 1y 7moApr 1998 - Dec 1999 |
COVID crash2020 | -34.16%Mar 2020 | 2y 1mo | 4mo 15d | 2y 6moJan 2018 - Aug 2020 |
Drawdown Indicators
| GEMIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.46% | -56.78% | -11.68% |
Max Drawdown (1Y)Largest decline over 1 year | -13.65% | -9.10% | -4.55% |
Max Drawdown (3Y)Largest decline over 3 years | -18.46% | -18.90% | +0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -44.71% | -25.43% | -19.28% |
Max Drawdown (10Y)Largest decline over 10 years | -47.24% | -33.92% | -13.32% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -19.71% | -10.72% | -8.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 1.97% | +1.51% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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