GAEM vs. BREM
GAEM (Simplify Gamma Emerging Market Bond ETF) and BREM (iShares Emerging Markets Bond Active ETF) are both Emerging Markets Bonds funds. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. GAEM charges 0.76%/yr vs 0.50%/yr for BREM.
Performance
GAEM vs. BREM - Performance Comparison
Loading charts...
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with GAEM at 3.26% and BREM at 3.26%.
GAEM
- 1D
- -0.20%
- 1M
- 0.20%
- YTD
- 3.26%
- 6M
- 4.63%
- 1Y
- 13.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BREM
- 1D
- -0.21%
- 1M
- 1.16%
- YTD
- 3.26%
- 6M
- 3.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GAEM vs. BREM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GAEM Simplify Gamma Emerging Market Bond ETF | 3.26% | 2.88% |
BREM iShares Emerging Markets Bond Active ETF | 3.26% | 2.74% |
Correlation
The correlation between GAEM and BREM is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 17, 2025 | 0.70 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GAEM vs. BREM — Risk / Return Rank
GAEM
BREM
GAEM vs. BREM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Gamma Emerging Market Bond ETF (GAEM) and iShares Emerging Markets Bond Active ETF (BREM). 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.
| GAEM | BREM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.57 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | — | — |
| Martin ratioReturn relative to average drawdown | 16.69 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GAEM | BREM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.33 | 1.75 | +0.57 |
Drawdowns
GAEM vs. BREM - Drawdown Comparison
The maximum GAEM drawdown since its inception was -3.84%, smaller than the maximum BREM drawdown of -4.54%. Use the drawdown chart below to compare losses from any high point for GAEM and BREM.
Loading charts...
Drawdown Indicators
| GAEM | BREM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.84% | -4.54% | +0.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.21% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -0.67% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | — | — |
Volatility
GAEM vs. BREM - Volatility Comparison
Loading charts...
Volatility by Period
| GAEM | BREM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.71% | 5.70% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.96% | 5.70% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 5.70% | -0.74% |
GAEM vs. BREM - Expense Ratio Comparison
GAEM has a 0.76% expense ratio, which is higher than BREM's 0.50% expense ratio.
Dividends
GAEM vs. BREM - Dividend Comparison
GAEM's dividend yield for the trailing twelve months is around 7.54%, more than BREM's 3.91% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BREM iShares Emerging Markets Bond Active ETF | 3.91% | 1.19% | 0.00% |
GAEM Simplify Gamma Emerging Market Bond ETF | 7.54% | 6.50% | 3.78% |
Frequently Asked Questions
GAEM and BREM have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BREM is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BREM is cheaper with a 0.50% expense ratio, compared with 0.76% for GAEM.
GAEM has the higher dividend yield at 7.54%, compared with 3.91% for BREM.
They also come from different issuers: Simplify and BlackRock. Their fees differ too: 0.76% for GAEM and 0.50% for BREM.
Find the right allocation for GAEM and BREM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer