GAEM vs. EMB
Compare and contrast key facts about Simplify Gamma Emerging Market Bond ETF (GAEM) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB).
GAEM and EMB 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. 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.
Performance
GAEM vs. EMB - Performance Comparison
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GAEM vs. EMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GAEM Simplify Gamma Emerging Market Bond ETF | -1.25% | 13.55% | 3.72% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | -1.61% | 13.85% | 0.29% |
Returns By Period
In the year-to-date period, GAEM achieves a -1.25% return, which is significantly higher than EMB's -1.61% return.
GAEM
- 1D
- 0.58%
- 1M
- -2.64%
- YTD
- -1.25%
- 6M
- 1.75%
- 1Y
- 9.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
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GAEM vs. EMB - Expense Ratio Comparison
GAEM has a 0.76% expense ratio, which is higher than EMB's 0.39% expense ratio.
Return for Risk
GAEM vs. EMB — Risk / Return Rank
GAEM
EMB
GAEM vs. EMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Gamma Emerging Market Bond ETF (GAEM) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). 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 | EMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.78 | 1.32 | +0.46 |
Sortino ratioReturn per unit of downside risk | 2.67 | 1.86 | +0.81 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.28 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.07 | +0.71 |
Martin ratioReturn relative to average drawdown | 11.88 | 8.46 | +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
| GAEM | EMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 1.32 | +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 | 2.00 | 0.42 | +1.58 |
Correlation
The correlation between GAEM and EMB 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
GAEM vs. EMB - Dividend Comparison
GAEM's dividend yield for the trailing twelve months is around 6.72%, more than EMB's 5.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
GAEM vs. EMB - Drawdown Comparison
The maximum GAEM drawdown since its inception was -3.84%, smaller than the maximum EMB drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for GAEM and EMB.
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Drawdown Indicators
| GAEM | EMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.84% | -34.70% | +30.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -4.51% | +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 | -2.80% | -3.50% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -0.51% | -5.10% | +4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.10% | -0.25% |
Volatility
GAEM vs. EMB - Volatility Comparison
The current volatility for Simplify Gamma Emerging Market Bond ETF (GAEM) is 2.27%, while iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a volatility of 3.12%. This indicates that GAEM experiences smaller price fluctuations and is considered to be less risky than EMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAEM | EMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 3.12% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.37% | 4.01% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.50% | 6.95% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 9.75% | -4.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 9.94% | -5.06% |