GAEM vs. NEMD

Last updated Jun 3, 2026

GAEM (Simplify Gamma Emerging Market Bond ETF) and NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) are both Emerging Markets Bonds funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. GAEM charges 0.76%/yr vs 0.60%/yr for NEMD.

Performance

GAEM vs. NEMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Gamma Emerging Market Bond ETF (GAEM) and Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GAEM achieves a 3.47% return, which is significantly lower than NEMD's 4.16% return.

GAEM

• 1D: 0.22%
• 1M: 0.55%
• YTD: 3.47%
• 6M: 5.10%
• 1Y: 13.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEMD

• 1D: 0.48%
• 1M: 1.34%
• YTD: 4.16%
• 6M: 4.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GAEM vs. NEMD - Yearly Performance Comparison

	2026 (YTD)	2025
GAEM Simplify Gamma Emerging Market Bond ETF	3.47%	5.50%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	4.16%	7.07%

Correlation

The correlation between GAEM and NEMD is 0.75, 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 Aug 12, 2025	0.75

Return for Risk

GAEM vs. NEMD — Risk / Return Rank

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

GAEM

GAEM Risk / Return Rank: 85
GAEM Sharpe Ratio Rank: 87
GAEM Sortino Ratio Rank: 93
GAEM Omega Ratio Rank: 91
GAEM Calmar Ratio Rank: 74
GAEM Martin Ratio Rank: 83

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.

GAEM vs. NEMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Gamma Emerging Market Bond ETF (GAEM) and Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD). 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	NEMD	Difference
Sharpe ratio Return per unit of total volatility	2.92	—	—
Sortino ratio Return per unit of downside risk	4.66	—	—
Omega ratio Gain probability vs. loss probability	1.60	—	—
Calmar ratio Return relative to maximum drawdown	3.77	—	—
Martin ratio Return relative to average drawdown	17.22	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GAEM	NEMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.92	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.36	2.23	+0.12

Drawdowns

GAEM vs. NEMD - Drawdown Comparison

The maximum GAEM drawdown since its inception was -3.84%, smaller than the maximum NEMD drawdown of -4.43%. Use the drawdown chart below to compare losses from any high point for GAEM and NEMD.

Drawdown Indicators

	GAEM	NEMD	Difference
Max Drawdown Largest peak-to-trough decline	-3.84%	-4.43%	+0.59%
Max Drawdown (1Y) Largest decline over 1 year	-3.61%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.52%	-0.57%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	—	—

Volatility

Volatility by Period

	GAEM	NEMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.71%	6.51%	-1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.96%	6.51%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.96%	6.51%	-1.55%

GAEM vs. NEMD - Expense Ratio Comparison

GAEM has a 0.76% expense ratio, which is higher than NEMD's 0.60% expense ratio.

Dividends

GAEM vs. NEMD - Dividend Comparison

GAEM's dividend yield for the trailing twelve months is around 7.52%, more than NEMD's 4.71% yield.

Position	TTM	2025	2024
GAEM Simplify Gamma Emerging Market Bond ETF	7.52%	6.50%	3.78%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	4.71%	2.39%	0.00%

Frequently Asked Questions

Can I hold both GAEM and NEMD in my portfolio?

GAEM and NEMD have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GAEM or NEMD?

On fees, NEMD is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GAEM or NEMD?

NEMD is cheaper with a 0.60% expense ratio, compared with 0.76% for GAEM.

Which ETF pays a higher dividend yield, GAEM or NEMD?

GAEM has the higher dividend yield at 7.52%, compared with 4.71% for NEMD.

What is the main difference between GAEM and NEMD?

They also come from different issuers: Simplify and Neuberger Berman. Their fees differ too: 0.76% for GAEM and 0.60% for NEMD.