EMB vs. GAEM
Compare and contrast key facts about iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) and Simplify Gamma Emerging Market Bond ETF (GAEM).
EMB and GAEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMB is a passively managed fund by iShares that tracks the performance of the JPMorgan EMBI Global Core Index. It was launched on Dec 17, 2007. GAEM is an actively managed fund by Simplify. It was launched on Aug 12, 2024.
Performance
EMB vs. GAEM - Performance Comparison
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EMB vs. GAEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | -1.61% | 13.85% | 0.29% |
GAEM Simplify Gamma Emerging Market Bond ETF | -1.25% | 13.55% | 3.72% |
Returns By Period
In the year-to-date period, EMB achieves a -1.61% return, which is significantly lower than GAEM's -1.25% return.
EMB
- 1D
- 0.88%
- 1M
- -3.49%
- YTD
- -1.61%
- 6M
- 1.15%
- 1Y
- 9.10%
- 3Y*
- 8.35%
- 5Y*
- 1.77%
- 10Y*
- 3.18%
GAEM
- 1D
- 0.58%
- 1M
- -2.64%
- YTD
- -1.25%
- 6M
- 1.75%
- 1Y
- 9.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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EMB vs. GAEM - Expense Ratio Comparison
EMB has a 0.39% expense ratio, which is lower than GAEM's 0.76% expense ratio.
Return for Risk
EMB vs. GAEM — Risk / Return Rank
EMB
GAEM
EMB vs. GAEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) 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.
| EMB | GAEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 1.78 | -0.46 |
Sortino ratioReturn per unit of downside risk | 1.86 | 2.67 | -0.81 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.36 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.07 | 2.79 | -0.71 |
Martin ratioReturn relative to average drawdown | 8.46 | 11.88 | -3.41 |
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
| EMB | GAEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.78 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 2.00 | -1.58 |
Correlation
The correlation between EMB and GAEM is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EMB vs. GAEM - Dividend Comparison
EMB's dividend yield for the trailing twelve months is around 5.09%, less than GAEM's 6.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 5.09% | 4.98% | 5.46% | 4.74% | 5.04% | 3.89% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% |
GAEM Simplify Gamma Emerging Market Bond ETF | 6.72% | 6.50% | 3.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EMB vs. GAEM - Drawdown Comparison
The maximum EMB drawdown since its inception was -34.70%, which is greater than GAEM's maximum drawdown of -3.84%. Use the drawdown chart below to compare losses from any high point for EMB and GAEM.
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Drawdown Indicators
| EMB | GAEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.70% | -3.84% | -30.86% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -3.61% | -0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -28.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.74% | — | — |
Current DrawdownCurrent decline from peak | -3.50% | -2.80% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -0.51% | -4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 0.85% | +0.25% |
Volatility
EMB vs. GAEM - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a higher volatility of 3.12% compared to Simplify Gamma Emerging Market Bond ETF (GAEM) at 2.27%. This indicates that EMB's price experiences larger fluctuations and is considered to be riskier 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
| EMB | GAEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 2.27% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 4.01% | 3.37% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.95% | 5.50% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.75% | 4.88% | +4.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.94% | 4.88% | +5.06% |