DFAE vs. GEME

Last updated Jun 5, 2026

DFAE (Dimensional Emerging Core Equity Market 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, DFAE returned 49.72% vs 78.02% for GEME. Their correlation of 0.89 suggests significant overlap in exposure. DFAE charges 0.35%/yr vs 0.75%/yr for GEME.

Performance

DFAE vs. GEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Emerging Core Equity Market ETF (DFAE) 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, DFAE achieves a 25.28% return, which is significantly lower than GEME's 37.12% return.

DFAE

• 1D: -0.83%
• 1M: 4.78%
• YTD: 25.28%
• 6M: 27.97%
• 1Y: 49.72%
• 3Y*: 23.46%
• 5Y*: 8.77%
• 10Y*: —

GEME

• 1D: -1.01%
• 1M: 7.83%
• YTD: 37.12%
• 6M: 43.45%
• 1Y: 78.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DFAE vs. GEME - Yearly Performance Comparison

	2026 (YTD)	2025
DFAE Dimensional Emerging Core Equity Market ETF	25.28%	29.64%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	37.12%	37.35%

Correlation

The correlation between DFAE 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 Jan 24, 2025	0.89

The correlation between DFAE and GEME has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

Return for Risk

DFAE vs. GEME — Risk / Return Rank

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

DFAE

DFAE Risk / Return Rank: 79
DFAE Sharpe Ratio Rank: 82
DFAE Sortino Ratio Rank: 78
DFAE Omega Ratio Rank: 81
DFAE Calmar Ratio Rank: 78
DFAE Martin Ratio Rank: 79

GEME

GEME Risk / Return Rank: 93
GEME Sharpe Ratio Rank: 95
GEME Sortino Ratio Rank: 92
GEME Omega Ratio Rank: 93
GEME Calmar Ratio Rank: 91
GEME Martin Ratio Rank: 92

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.

DFAE vs. GEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Core Equity Market ETF (DFAE) 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.

	DFAE	GEME	Difference
Sharpe ratio: Return per unit of total volatility	2.63	3.69	-1.06
Sortino ratio: Return per unit of downside risk	3.43	4.48	-1.05
Omega ratio: Gain probability vs. loss probability	1.48	1.64	-0.16
Calmar ratio: Return relative to maximum drawdown	3.90	5.83	-1.93
Martin ratio: Return relative to average drawdown	15.10	22.78	-7.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFAE vs. GEME - Sharpe Ratio Comparison

The current DFAE Sharpe Ratio is 2.63, which is comparable to the GEME Sharpe Ratio of 3.69. The chart below compares the historical Sharpe Ratios of DFAE 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

	DFAE	GEME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	3.69	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	2.59	-1.97

Drawdowns

DFAE vs. GEME - Drawdown Comparison

The maximum DFAE drawdown since its inception was -32.21%, which is greater than GEME's maximum drawdown of -16.86%. Use the drawdown chart below to compare losses from any high point for DFAE and GEME.

Drawdown Indicators

	DFAE	GEME	Difference
Max Drawdown Largest peak-to-trough decline	-32.21%	-16.86%	-15.35%
Max Drawdown (1Y) Largest decline over 1 year	-12.80%	-13.46%	+0.66%
Max Drawdown (3Y) Largest decline over 3 years	-18.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.19%	—	—
Current Drawdown Current decline from peak	-2.07%	-2.23%	+0.16%
Average Drawdown Average peak-to-trough decline	-10.31%	-2.30%	-8.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	3.44%	-0.14%

Volatility

DFAE vs. GEME - Volatility Comparison

The current volatility for Dimensional Emerging Core Equity Market ETF (DFAE) is 8.00%, while Pacific North of South Global Emerging Markets Equity Active ETF (GEME) has a volatility of 8.57%. This indicates that DFAE experiences smaller price fluctuations and is considered to be less risky than GEME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFAE	GEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.00%	8.57%	-0.57%
Volatility (6M) Calculated over the trailing 6-month period	16.56%	17.94%	-1.38%
Volatility (1Y) Calculated over the trailing 1-year period	19.02%	21.26%	-2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.81%	22.94%	-5.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.84%	22.94%	-5.10%

DFAE vs. GEME - Expense Ratio Comparison

DFAE has a 0.35% expense ratio, which is lower than GEME's 0.75% expense ratio.

Dividends

DFAE vs. GEME - Dividend Comparison

DFAE's dividend yield for the trailing twelve months is around 1.75%, less than GEME's 5.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
DFAE Dimensional Emerging Core Equity Market ETF	1.75%	2.20%	2.35%	2.43%	2.85%	1.63%	0.01%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	5.11%	7.01%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DFAE and GEME in my portfolio?

With a correlation of 0.90, DFAE 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, DFAE or GEME?

GEME has higher volatility (8.57%) compared to DFAE (8.00%). In terms of maximum drawdown, DFAE dropped -32.21% vs GEME's -16.86%.

Which ETF is better, DFAE or GEME?

On 1-year performance, GEME leads with 78.02% vs 49.72% for DFAE. On fees, DFAE is cheaper at 0.35% per year. On volatility, DFAE has been the lower-risk option at 8.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFAE or GEME?

Over the 1-year period, GEME has performed better with a 78.02% return vs 49.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFAE or GEME?

DFAE is cheaper with a 0.35% expense ratio, compared with 0.75% for GEME.

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

GEME has the higher dividend yield at 5.11%, compared with 1.75% for DFAE.

What is the main difference between DFAE and GEME?

They also come from different issuers: Dimensional and Pacific AM. Their fees differ too: 0.35% for DFAE and 0.75% for GEME.

Which has better risk-adjusted returns?

GEME currently has the higher Sharpe Ratio (3.69 vs 2.63), 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.