DVYE vs. GEME
DVYE (iShares Emerging Markets Dividend ETF) and GEME (Pacific North of South Global Emerging Markets Equity Active ETF) are both Emerging Markets Equities funds. DVYE is passively managed, while GEME is actively managed. Over the past year, DVYE returned 28.60% vs 78.02% for GEME. A 0.68 correlation means they provide meaningful diversification when combined. DVYE charges 0.49%/yr vs 0.75%/yr for GEME.
Performance
DVYE vs. GEME - Performance Comparison
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Returns By Period
In the year-to-date period, DVYE achieves a 10.74% return, which is significantly lower than GEME's 37.12% return.
DVYE
- 1D
- 0.23%
- 1M
- -2.08%
- YTD
- 10.74%
- 6M
- 11.14%
- 1Y
- 28.60%
- 3Y*
- 22.07%
- 5Y*
- 4.84%
- 10Y*
- 7.81%
GEME
- 1D
- -1.01%
- 1M
- 7.83%
- YTD
- 37.12%
- 6M
- 43.45%
- 1Y
- 78.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DVYE vs. GEME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVYE iShares Emerging Markets Dividend ETF | 10.74% | 26.16% |
GEME Pacific North of South Global Emerging Markets Equity Active ETF | 37.12% | 37.35% |
Correlation
The correlation between DVYE and GEME is 0.68, 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 | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025 | 0.68 |
The correlation between DVYE and GEME has been stable across timeframes, ranging from 0.68 to 0.68 - a consistent structural relationship.
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Return for Risk
DVYE vs. GEME — Risk / Return Rank
DVYE
GEME
DVYE vs. GEME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Dividend ETF (DVYE) 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.
| DVYE | GEME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.64 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 5.83 | -1.40 |
| Martin ratioReturn relative to average drawdown | 12.61 | 22.78 | -10.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DVYE | GEME | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 3.69 | -1.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 2.59 | -2.43 |
Drawdowns
DVYE vs. GEME - Drawdown Comparison
The maximum DVYE drawdown since its inception was -47.42%, which is greater than GEME's maximum drawdown of -16.86%. Use the drawdown chart below to compare losses from any high point for DVYE and GEME.
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Drawdown Indicators
| DVYE | GEME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.42% | -16.86% | -30.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -13.46% | +6.97% |
Max Drawdown (3Y)Largest decline over 3 years | -14.63% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.89% | — | — |
Current DrawdownCurrent decline from peak | -3.83% | -2.23% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -15.37% | -2.30% | -13.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 3.44% | -1.17% |
Volatility
DVYE vs. GEME - Volatility Comparison
The current volatility for iShares Emerging Markets Dividend ETF (DVYE) is 5.48%, while Pacific North of South Global Emerging Markets Equity Active ETF (GEME) has a volatility of 8.57%. This indicates that DVYE 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.
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Volatility by Period
| DVYE | GEME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 8.57% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 17.94% | -6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.32% | 21.26% | -6.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 22.94% | -5.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 22.94% | -4.55% |
DVYE vs. GEME - Expense Ratio Comparison
DVYE has a 0.49% expense ratio, which is lower than GEME's 0.75% expense ratio.
Dividends
DVYE vs. GEME - Dividend Comparison
DVYE's dividend yield for the trailing twelve months is around 5.11%, which matches GEME's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVYE iShares Emerging Markets Dividend ETF | 5.11% | 5.88% | 11.81% | 9.05% | 9.89% | 7.31% | 5.27% | 5.97% | 5.69% | 4.81% | 4.56% | 6.53% |
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DVYE and GEME have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GEME has higher volatility (8.57%) compared to DVYE (5.48%). In terms of maximum drawdown, DVYE dropped -47.42% vs GEME's -16.86%.
On 1-year performance, GEME leads with 78.02% vs 28.60% for DVYE. On fees, DVYE is cheaper at 0.49% per year. On volatility, DVYE has been the lower-risk option at 5.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GEME has performed better with a 78.02% return vs 28.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DVYE is cheaper with a 0.49% expense ratio, compared with 0.75% for GEME.
DVYE and GEME have nearly identical dividend yields, around 5.11%.
They also come from different issuers: iShares and Pacific AM. Their fees differ too: 0.49% for DVYE and 0.75% for GEME.
GEME currently has the higher Sharpe Ratio (3.69 vs 2.01), 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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