AGEM vs. GEME

Last updated Jun 4, 2026

AGEM (abrdn Emerging Markets Dividend Active ETF) and GEME (Pacific North of South Global Emerging Markets Equity Active ETF) are both Emerging Markets Equities funds. Both are actively managed. Over the past year, AGEM returned 63.11% vs 82.30% for GEME. Their correlation of 0.86 suggests significant overlap in exposure. AGEM charges 0.70%/yr vs 0.75%/yr for GEME.

Performance

AGEM vs. GEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Emerging Markets Dividend Active ETF (AGEM) and Pacific North of South Global Emerging Markets Equity Active ETF (GEME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGEM achieves a 31.54% return, which is significantly lower than GEME's 38.52% return.

AGEM

• 1D: -1.46%
• 1M: 8.91%
• YTD: 31.54%
• 6M: 33.66%
• 1Y: 63.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GEME

• 1D: -1.23%
• 1M: 10.91%
• YTD: 38.52%
• 6M: 44.89%
• 1Y: 82.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AGEM vs. GEME - Yearly Performance Comparison

	2026 (YTD)	2025
AGEM abrdn Emerging Markets Dividend Active ETF	31.54%	29.81%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	38.52%	31.03%

Correlation

The correlation between AGEM and GEME is 0.90, 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	0.90
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.86

The correlation between AGEM and GEME has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

Return for Risk

AGEM vs. GEME — Risk / Return Rank

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

AGEM

AGEM Risk / Return Rank: 87
AGEM Sharpe Ratio Rank: 91
AGEM Sortino Ratio Rank: 88
AGEM Omega Ratio Rank: 88
AGEM Calmar Ratio Rank: 84
AGEM Martin Ratio Rank: 85

GEME

GEME Risk / Return Rank: 93
GEME Sharpe Ratio Rank: 95
GEME Sortino Ratio Rank: 93
GEME Omega Ratio Rank: 94
GEME Calmar Ratio Rank: 92
GEME Martin Ratio Rank: 93

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.

AGEM vs. GEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Emerging Markets Dividend Active ETF (AGEM) and Pacific North of South Global Emerging Markets Equity Active ETF (GEME). 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.

	AGEM	GEME	Difference
Sharpe ratio: Return per unit of total volatility	3.15	3.90	-0.75
Sortino ratio: Return per unit of downside risk	3.97	4.67	-0.70
Omega ratio: Gain probability vs. loss probability	1.56	1.68	-0.12
Calmar ratio: Return relative to maximum drawdown	4.56	6.15	-1.59
Martin ratio: Return relative to average drawdown	17.79	24.06	-6.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGEM vs. GEME - Sharpe Ratio Comparison

The current AGEM Sharpe Ratio is 3.15, which is comparable to the GEME Sharpe Ratio of 3.90. The chart below compares the historical Sharpe Ratios of AGEM and GEME, 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

	AGEM	GEME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.15	3.90	-0.75
Sharpe Ratio (All Time) Calculated using the full available price history	2.41	2.66	-0.24

Drawdowns

AGEM vs. GEME - Drawdown Comparison

The maximum AGEM drawdown since its inception was -15.58%, smaller than the maximum GEME drawdown of -16.86%. Use the drawdown chart below to compare losses from any high point for AGEM and GEME.

Drawdown Indicators

	AGEM	GEME	Difference
Max Drawdown Largest peak-to-trough decline	-15.58%	-16.86%	+1.28%
Max Drawdown (1Y) Largest decline over 1 year	-13.92%	-13.46%	-0.46%
Current Drawdown Current decline from peak	-1.46%	-1.23%	-0.23%
Average Drawdown Average peak-to-trough decline	-2.23%	-2.30%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	3.43%	+0.13%

Volatility

AGEM vs. GEME - Volatility Comparison

abrdn Emerging Markets Dividend Active ETF (AGEM) has a higher volatility of 9.15% compared to Pacific North of South Global Emerging Markets Equity Active ETF (GEME) at 8.56%. This indicates that AGEM's price experiences larger fluctuations and is considered to be riskier than GEME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGEM	GEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.15%	8.56%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	17.67%	17.91%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	20.15%	21.23%	-1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.51%	22.95%	-1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.51%	22.95%	-1.44%

AGEM vs. GEME - Expense Ratio Comparison

AGEM has a 0.70% expense ratio, which is lower than GEME's 0.75% expense ratio.

Dividends

AGEM vs. GEME - Dividend Comparison

AGEM's dividend yield for the trailing twelve months is around 1.71%, less than GEME's 5.06% yield.

Position	TTM	2025
AGEM abrdn Emerging Markets Dividend Active ETF	1.71%	1.80%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	5.06%	7.01%

Frequently Asked Questions

Can I hold both AGEM and GEME in my portfolio?

With a correlation of 0.90, AGEM and GEME move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AGEM or GEME?

AGEM has higher volatility (9.15%) compared to GEME (8.56%). In terms of maximum drawdown, AGEM dropped -15.58% vs GEME's -16.86%.

Which ETF is better, AGEM or GEME?

On 1-year performance, GEME leads with 82.30% vs 63.11% for AGEM. On fees, AGEM is cheaper at 0.70% per year. On volatility, GEME has been the lower-risk option at 8.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGEM or GEME?

Over the 1-year period, GEME has performed better with a 82.30% return vs 63.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGEM or GEME?

AGEM is cheaper with a 0.70% expense ratio, compared with 0.75% for GEME.

Which ETF pays a higher dividend yield, AGEM or GEME?

GEME has the higher dividend yield at 5.06%, compared with 1.71% for AGEM.

What is the main difference between AGEM and GEME?

They also come from different issuers: abrdn and Pacific AM. Their fees differ too: 0.70% for AGEM and 0.75% for GEME.

Which has better risk-adjusted returns?

GEME currently has the higher Sharpe Ratio (3.90 vs 3.15), 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.