BEMB vs. GAEM
BEMB (Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF) and GAEM (Simplify Gamma Emerging Market Bond ETF) are both Emerging Markets Bonds funds. Both are actively managed. Over the past year, BEMB returned 7.69% vs 11.61% for GAEM. A 0.76 correlation means they provide meaningful diversification when combined. BEMB charges 0.18%/yr vs 0.76%/yr for GAEM.
Performance
BEMB vs. GAEM - Performance Comparison
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Returns By Period
In the year-to-date period, BEMB achieves a 1.19% return, which is significantly lower than GAEM's 3.89% return.
BEMB
- 1D
- 0.14%
- 1M
- -0.40%
- 6M
- 1.34%
- YTD
- 1.19%
- 1Y
- 7.69%
- 3Y*
- 7.98%
- 5Y*
- —
- 10Y*
- —
GAEM
- 1D
- -0.41%
- 1M
- -0.15%
- 6M
- 3.58%
- YTD
- 3.89%
- 1Y
- 11.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BEMB vs. GAEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF | 1.19% | 12.27% | 0.67% |
GAEM Simplify Gamma Emerging Market Bond ETF | 3.89% | 13.55% | 3.89% |
Correlation
The correlation between BEMB and GAEM is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Aug 13, 2024 | 0.76 |
The correlation between BEMB and GAEM has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.
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Return for Risk
BEMB vs. GAEM — Risk / Return Rank
BEMB
GAEM
BEMB vs. GAEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB) and Simplify Gamma Emerging Market Bond ETF (GAEM). 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.
| BEMB | GAEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.48 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 3.23 | -1.12 |
| Martin ratioReturn relative to average drawdown | 9.00 | 14.59 | -5.59 |
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Drawdowns
BEMB vs. GAEM - Drawdown Comparison
The maximum BEMB drawdown since its inception was -6.17%, which is greater than GAEM's maximum drawdown of -3.84%. Use the drawdown chart below to compare losses from any high point for BEMB and GAEM.
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Drawdown Indicators
| BEMB | GAEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.17% | -3.84% | -2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -3.61% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -6.17% | — | — |
Current DrawdownCurrent decline from peak | -0.81% | -0.92% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -0.51% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.80% | +0.06% |
Volatility
BEMB vs. GAEM - Volatility Comparison
The current volatility for Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB) is 1.04%, while Simplify Gamma Emerging Market Bond ETF (GAEM) has a volatility of 1.54%. This indicates that BEMB experiences smaller price fluctuations and is considered to be less risky than GAEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BEMB | GAEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 1.54% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 3.96% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 4.80% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.84% | 4.96% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.84% | 4.96% | +0.88% |
BEMB vs. GAEM - Expense Ratio Comparison
BEMB has a 0.18% expense ratio, which is lower than GAEM's 0.76% expense ratio.
Dividends
BEMB vs. GAEM - Dividend Comparison
BEMB's dividend yield for the trailing twelve months is around 6.92%, more than GAEM's 6.56% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF | 6.92% | 6.88% | 6.31% | 5.46% |
GAEM Simplify Gamma Emerging Market Bond ETF | 6.56% | 6.50% | 3.78% | 0.00% |
Frequently Asked Questions
BEMB and GAEM have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GAEM has higher volatility (1.54%) compared to BEMB (1.04%). In terms of maximum drawdown, BEMB dropped -6.17% vs GAEM's -3.84%.
On 1-year performance, GAEM leads with 11.61% vs 7.69% for BEMB. On fees, BEMB is cheaper at 0.18% per year. On volatility, BEMB has been the lower-risk option at 1.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GAEM has performed better with a 11.61% return vs 7.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BEMB is cheaper with a 0.18% expense ratio, compared with 0.76% for GAEM.
BEMB has the higher dividend yield at 6.92%, compared with 6.56% for GAEM.
They also come from different issuers: iShares and Simplify. Their fees differ too: 0.18% for BEMB and 0.76% for GAEM.
GAEM currently has the higher Sharpe Ratio (2.43 vs 1.80), 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.
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