GAEM vs. EBND
Compare and contrast key facts about Simplify Gamma Emerging Market Bond ETF (GAEM) and SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND).
GAEM and EBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GAEM is an actively managed fund by Simplify. It was launched on Aug 12, 2024. EBND is a passively managed fund by State Street that tracks the performance of the Bloomberg Emerging Market Local Currency Government Diversified. It was launched on Feb 23, 2011.
Performance
GAEM vs. EBND - Performance Comparison
Loading graphics...
GAEM vs. EBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GAEM Simplify Gamma Emerging Market Bond ETF | -0.99% | 13.55% | 3.72% |
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | -2.06% | 15.83% | -3.14% |
Returns By Period
In the year-to-date period, GAEM achieves a -0.99% return, which is significantly higher than EBND's -2.06% return.
GAEM
- 1D
- 0.27%
- 1M
- -1.99%
- YTD
- -0.99%
- 6M
- 1.83%
- 1Y
- 9.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EBND
- 1D
- 0.50%
- 1M
- -3.83%
- YTD
- -2.06%
- 6M
- -0.33%
- 1Y
- 9.34%
- 3Y*
- 4.96%
- 5Y*
- 0.45%
- 10Y*
- 1.47%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GAEM vs. EBND - Expense Ratio Comparison
GAEM has a 0.76% expense ratio, which is higher than EBND's 0.30% expense ratio.
Return for Risk
GAEM vs. EBND — Risk / Return Rank
GAEM
EBND
GAEM vs. EBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Gamma Emerging Market Bond ETF (GAEM) and SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND). 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 | EBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 1.31 | +0.49 |
Sortino ratioReturn per unit of downside risk | 2.69 | 1.87 | +0.82 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.26 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.78 | 1.42 | +1.36 |
Martin ratioReturn relative to average drawdown | 11.63 | 6.17 | +5.46 |
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 graphics...
Sharpe Ratios by Period
| GAEM | EBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 1.31 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.05 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.04 | 0.09 | +1.95 |
Correlation
The correlation between GAEM and EBND is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GAEM vs. EBND - Dividend Comparison
GAEM's dividend yield for the trailing twelve months is around 6.70%, more than EBND's 5.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GAEM Simplify Gamma Emerging Market Bond ETF | 6.70% | 6.50% | 3.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | 5.82% | 5.54% | 5.89% | 5.26% | 4.75% | 3.83% | 3.67% | 4.68% | 4.70% | 2.00% |
Drawdowns
GAEM vs. EBND - Drawdown Comparison
The maximum GAEM drawdown since its inception was -3.84%, smaller than the maximum EBND drawdown of -29.51%. Use the drawdown chart below to compare losses from any high point for GAEM and EBND.
Loading graphics...
Drawdown Indicators
| GAEM | EBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.84% | -29.51% | +25.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -6.63% | +3.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.50% | — |
Current DrawdownCurrent decline from peak | -2.54% | -5.02% | +2.48% |
Average DrawdownAverage peak-to-trough decline | -0.51% | -10.95% | +10.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.52% | -0.66% |
Volatility
GAEM vs. EBND - Volatility Comparison
The current volatility for Simplify Gamma Emerging Market Bond ETF (GAEM) is 2.29%, while SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) has a volatility of 3.65%. This indicates that GAEM experiences smaller price fluctuations and is considered to be less risky than EBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| GAEM | EBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 3.65% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 4.84% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.49% | 7.17% | -1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 8.90% | -4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 9.18% | -4.30% |