EMIF vs. GEME

Last updated Jun 4, 2026

EMIF (iShares Emerging Markets Infrastructure ETF) and GEME (Pacific North of South Global Emerging Markets Equity Active ETF) are both Emerging Markets Equities funds. EMIF is passively managed, while GEME is actively managed. Over the past year, EMIF returned 21.17% vs 82.30% for GEME. At a 0.48 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

EMIF vs. GEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Emerging Markets Infrastructure ETF (EMIF) 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, EMIF achieves a 1.74% return, which is significantly lower than GEME's 38.52% return.

EMIF

• 1D: -1.54%
• 1M: -6.56%
• YTD: 1.74%
• 6M: 0.79%
• 1Y: 21.17%
• 3Y*: 11.48%
• 5Y*: 4.93%
• 10Y*: 2.36%

GEME

• 1D: -1.23%
• 1M: 10.91%
• YTD: 38.52%
• 6M: 44.89%
• 1Y: 82.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMIF vs. GEME - Yearly Performance Comparison

	2026 (YTD)	2025
EMIF iShares Emerging Markets Infrastructure ETF	1.74%	32.88%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	38.52%	37.35%

Correlation

The correlation between EMIF and GEME is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025	0.48

Return for Risk

EMIF vs. GEME — Risk / Return Rank

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

EMIF

EMIF Risk / Return Rank: 37
EMIF Sharpe Ratio Rank: 38
EMIF Sortino Ratio Rank: 38
EMIF Omega Ratio Rank: 39
EMIF Calmar Ratio Rank: 35
EMIF Martin Ratio Rank: 33

GEME

GEME Risk / Return Rank: 93
GEME Sharpe Ratio Rank: 95
GEME Sortino Ratio Rank: 93
GEME Omega Ratio Rank: 94
GEME Calmar Ratio Rank: 92
GEME Martin Ratio Rank: 93

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.

EMIF vs. GEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Infrastructure ETF (EMIF) 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.

	EMIF	GEME	Difference
Sharpe ratio: Return per unit of total volatility	1.38	3.90	-2.52
Sortino ratio: Return per unit of downside risk	2.00	4.67	-2.68
Omega ratio: Gain probability vs. loss probability	1.26	1.68	-0.42
Calmar ratio: Return relative to maximum drawdown	1.71	6.15	-4.44
Martin ratio: Return relative to average drawdown	4.92	24.06	-19.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMIF vs. GEME - Sharpe Ratio Comparison

The current EMIF Sharpe Ratio is 1.38, which is lower than the GEME Sharpe Ratio of 3.90. The chart below compares the historical Sharpe Ratios of EMIF 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

	EMIF	GEME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	3.90	-2.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	2.66	-2.49

Drawdowns

EMIF vs. GEME - Drawdown Comparison

The maximum EMIF drawdown since its inception was -48.02%, which is greater than GEME's maximum drawdown of -16.86%. Use the drawdown chart below to compare losses from any high point for EMIF and GEME.

Drawdown Indicators

	EMIF	GEME	Difference
Max Drawdown Largest peak-to-trough decline	-48.02%	-16.86%	-31.16%
Max Drawdown (1Y) Largest decline over 1 year	-12.45%	-13.46%	+1.01%
Max Drawdown (3Y) Largest decline over 3 years	-16.70%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.02%	—	—
Current Drawdown Current decline from peak	-12.45%	-1.23%	-11.22%
Average Drawdown Average peak-to-trough decline	-15.91%	-2.30%	-13.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.31%	3.43%	+0.88%

Volatility

EMIF vs. GEME - Volatility Comparison

The current volatility for iShares Emerging Markets Infrastructure ETF (EMIF) is 4.38%, while Pacific North of South Global Emerging Markets Equity Active ETF (GEME) has a volatility of 8.56%. This indicates that EMIF 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

	EMIF	GEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	8.56%	-4.18%
Volatility (6M) Calculated over the trailing 6-month period	12.97%	17.91%	-4.94%
Volatility (1Y) Calculated over the trailing 1-year period	15.41%	21.23%	-5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.67%	22.95%	-3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.61%	22.95%	-2.34%

EMIF vs. GEME - Expense Ratio Comparison

Both EMIF and GEME have an expense ratio of 0.75%.

Dividends

EMIF vs. GEME - Dividend Comparison

EMIF's dividend yield for the trailing twelve months is around 4.87%, less than GEME's 5.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMIF iShares Emerging Markets Infrastructure ETF	4.87%	4.96%	4.12%	2.64%	3.08%	3.94%	2.54%	2.07%	2.64%	2.58%	3.16%	2.07%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	5.06%	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

Can I hold both EMIF and GEME in my portfolio?

EMIF and GEME have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMIF or GEME?

GEME has higher volatility (8.56%) compared to EMIF (4.38%). In terms of maximum drawdown, EMIF dropped -48.02% vs GEME's -16.86%.

Which ETF is better, EMIF or GEME?

On 1-year performance, GEME leads with 82.30% vs 21.17% for EMIF. Both ETFs have the same 0.75% expense ratio. On volatility, EMIF has been the lower-risk option at 4.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMIF or GEME?

Over the 1-year period, GEME has performed better with a 82.30% return vs 21.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMIF or GEME?

EMIF and GEME have the same expense ratio: 0.75% per year.

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

GEME has the higher dividend yield at 5.06%, compared with 4.87% for EMIF.

What is the main difference between EMIF and GEME?

They also come from different issuers: iShares and Pacific AM.

Which has better risk-adjusted returns?

GEME currently has the higher Sharpe Ratio (3.90 vs 1.38), 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.