GEM vs. GBIL
Compare and contrast key facts about Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL).
GEM and GBIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GEM is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta Emerging Markets Equity Index. It was launched on Sep 29, 2015. GBIL is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE US Treasury 0-1 Year Composite Select Index. It was launched on Sep 6, 2016. Both GEM and GBIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GEM vs. GBIL - Performance Comparison
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GEM vs. GBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 3.80% | 33.43% | 6.66% | 11.82% | -21.33% | -0.19% | 13.23% | 17.79% | -14.25% | 36.43% |
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 0.80% | 4.12% | 5.24% | 4.91% | 1.05% | -0.08% | 0.79% | 2.31% | 1.78% | 0.69% |
Returns By Period
In the year-to-date period, GEM achieves a 3.80% return, which is significantly higher than GBIL's 0.80% return.
GEM
- 1D
- 3.52%
- 1M
- -9.22%
- YTD
- 3.80%
- 6M
- 8.54%
- 1Y
- 33.24%
- 3Y*
- 15.80%
- 5Y*
- 4.48%
- 10Y*
- 7.72%
GBIL
- 1D
- 0.01%
- 1M
- 0.26%
- YTD
- 0.80%
- 6M
- 1.83%
- 1Y
- 3.99%
- 3Y*
- 4.66%
- 5Y*
- 3.19%
- 10Y*
- —
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GEM vs. GBIL - Expense Ratio Comparison
GEM has a 0.45% expense ratio, which is higher than GBIL's 0.12% expense ratio.
Return for Risk
GEM vs. GBIL — Risk / Return Rank
GEM
GBIL
GEM vs. GBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). 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.
| GEM | GBIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 16.02 | -14.32 |
Sortino ratioReturn per unit of downside risk | 2.32 | 81.72 | -79.41 |
Omega ratioGain probability vs. loss probability | 1.33 | 24.01 | -22.68 |
Calmar ratioReturn relative to maximum drawdown | 2.44 | 199.80 | -197.37 |
Martin ratioReturn relative to average drawdown | 9.52 | 1,295.81 | -1,286.29 |
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
| GEM | GBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 16.02 | -14.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 5.54 | -5.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 4.79 | -4.36 |
Correlation
The correlation between GEM and GBIL is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
GEM vs. GBIL - Dividend Comparison
GEM's dividend yield for the trailing twelve months is around 2.22%, less than GBIL's 3.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 2.22% | 2.30% | 2.58% | 2.97% | 2.96% | 3.00% | 1.63% | 3.13% | 2.08% | 1.81% | 1.98% | 0.25% |
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 3.89% | 4.02% | 4.93% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% | 0.00% |
Drawdowns
GEM vs. GBIL - Drawdown Comparison
The maximum GEM drawdown since its inception was -37.02%, which is greater than GBIL's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for GEM and GBIL.
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Drawdown Indicators
| GEM | GBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.02% | -0.76% | -36.26% |
Max Drawdown (1Y)Largest decline over 1 year | -13.50% | -0.02% | -13.48% |
Max Drawdown (5Y)Largest decline over 5 years | -35.50% | -0.76% | -34.74% |
Max Drawdown (10Y)Largest decline over 10 years | -37.02% | — | — |
Current DrawdownCurrent decline from peak | -10.45% | 0.00% | -10.45% |
Average DrawdownAverage peak-to-trough decline | -12.17% | -0.04% | -12.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 0.00% | +3.45% |
Volatility
GEM vs. GBIL - Volatility Comparison
Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) has a higher volatility of 10.14% compared to Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) at 0.08%. This indicates that GEM's price experiences larger fluctuations and is considered to be riskier than GBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GEM | GBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.14% | 0.08% | +10.06% |
Volatility (6M)Calculated over the trailing 6-month period | 14.56% | 0.15% | +14.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.68% | 0.25% | +19.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 0.58% | +16.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 0.47% | +18.33% |