DIEM vs. GEME

Last updated Aug 2, 2026

DIEM (Franklin Emerging Market Core Dividend Tilt Index ETF) and GEME (Pacific North of South Global Emerging Markets Equity Active ETF) are both Emerging Markets Equities funds. DIEM is passively managed, while GEME is actively managed. Over the past year, DIEM returned 41.57% vs 60.84% for GEME. Their correlation of 0.88 means they have usually moved in the same direction. DIEM charges 0.19%/yr vs 0.75%/yr for GEME.

Performance

DIEM vs. GEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) 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, DIEM achieves a 24.05% return, which is significantly lower than GEME's 29.70% return.

DIEM

• 1D: 0.86%
• 1M: -1.21%
• 6M: 14.49%
• YTD: 24.05%
• 1Y: 41.57%
• 3Y*: 23.29%
• 5Y*: 11.34%
• 10Y*: 8.16%
• ALL TIME*: 8.74%

GEME

• 1D: 1.51%
• 1M: -0.95%
• 6M: 16.89%
• YTD: 29.70%
• 1Y: 60.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 46.39%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	$1.97M	$1.53M	$960.12K
GEME Pacific North of South Global Emerging Markets Equity Active ETF	$6.60M	$4.28M	$3.34M

DIEM vs. GEME - Yearly Performance Comparison

	2026 (YTD)	2025
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	24.05%	29.52%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	29.70%	37.43%

Correlation

The correlation between DIEM and GEME is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	0.88

The correlation between DIEM and GEME has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

Return for Risk

DIEM vs. GEME — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DIEM

DIEM Risk / Return Rank: 79
DIEM Sharpe Ratio Rank: 79
DIEM Sortino Ratio Rank: 73
DIEM Omega Ratio Rank: 82
DIEM Calmar Ratio Rank: 82
DIEM Martin Ratio Rank: 78

GEME

GEME Risk / Return Rank: 90
GEME Sharpe Ratio Rank: 93
GEME Sortino Ratio Rank: 88
GEME Omega Ratio Rank: 90
GEME Calmar Ratio Rank: 93
GEME Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DIEM vs. GEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) 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.

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.

	DIEM	GEME	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.46	-0.65
Sortino ratio: Return per unit of downside risk	2.37	2.99	-0.62
Omega ratio: Gain probability vs. loss probability	1.34	1.42	-0.08
Calmar ratio: Return relative to maximum drawdown	3.03	4.41	-1.39
Martin ratio: Return relative to average drawdown	9.86	13.63	-3.77

DIEM vs. GEME - Sharpe Ratio Comparison

The current DIEM Sharpe Ratio is 1.81, which is comparable to the GEME Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of DIEM 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.

Drawdowns

DIEM vs. GEME - Drawdown Comparison

The maximum DIEM drawdown since its inception was -38.61%, which is greater than GEME's maximum drawdown of -16.86%. Use the drawdown chart below to compare losses from any high point for DIEM and GEME.

Drawdown Indicators

	DIEM	GEME	Difference
Max Drawdown Largest peak-to-trough decline	-38.61%	-16.86%	-21.75%
Max Drawdown (1Y) Largest decline over 1 year	-13.59%	-13.46%	-0.13%
Max Drawdown (3Y) Largest decline over 3 years	-16.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.34%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.61%	—	—
Current Drawdown Current decline from peak	-9.21%	-7.52%	-1.69%
Average Drawdown Average peak-to-trough decline	-9.67%	-2.72%	-6.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.17%	4.35%	-0.18%

Volatility

DIEM vs. GEME - Volatility Comparison

Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) has a higher volatility of 8.98% compared to Pacific North of South Global Emerging Markets Equity Active ETF (GEME) at 7.60%. This indicates that DIEM'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

	DIEM	GEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.98%	7.60%	+1.38%
Volatility (6M) Calculated over the trailing 6-month period	21.15%	21.41%	-0.26%
Volatility (1Y) Calculated over the trailing 1-year period	22.81%	24.18%	-1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.99%	24.09%	-6.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.04%	24.09%	-6.05%

DIEM vs. GEME - Expense Ratio Comparison

DIEM has a 0.19% expense ratio, which is lower than GEME's 0.75% expense ratio.

Dividends

DIEM vs. GEME - Dividend Comparison

DIEM's dividend yield for the trailing twelve months is around 2.99%, less than GEME's 5.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	2.99%	2.99%	4.92%	4.45%	6.31%	4.06%	2.75%	5.98%	3.87%	2.61%	0.35%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	5.40%	7.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIEM and GEME in my portfolio?

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

DIEM has higher volatility (8.98%) compared to GEME (7.60%). In terms of maximum drawdown, DIEM dropped -38.61% vs GEME's -16.86%.

Which ETF is better, DIEM or GEME?

On 1-year performance, GEME leads with 60.84% vs 41.57% for DIEM. On fees, DIEM is cheaper at 0.19% per year. On volatility, GEME has been the lower-risk option at 7.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIEM or GEME?

Over the 1-year period, GEME has performed better with a 60.84% return vs 41.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIEM or GEME?

DIEM is cheaper with a 0.19% expense ratio, compared with 0.75% for GEME.

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

GEME has the higher dividend yield at 5.40%, compared with 2.99% for DIEM.

What is the main difference between DIEM and GEME?

They also come from different issuers: Franklin Templeton and Pacific AM. Their fees differ too: 0.19% for DIEM and 0.75% for GEME.

Which has better risk-adjusted returns?

GEME currently has the higher Sharpe Ratio (2.46 vs 1.81), 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.