GEMD vs. BEMB

Last updated Apr 2, 2026

Compare and contrast key facts about Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) and Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB).

GEMD and BEMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GEMD is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs Emerging Markets USD Bond Index - Benchmark TR Net. It was launched on Feb 15, 2022. BEMB is an actively managed fund by iShares. It was launched on Feb 22, 2023.

Performance

GEMD vs. BEMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) and Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB). The values are adjusted to include any dividend payments, if applicable.

GEMD vs. BEMB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GEMD Goldman Sachs Access Emerging Markets USD Bond ETF	-1.32%	13.67%	3.31%	7.78%
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF	-1.14%	12.27%	5.51%	8.88%

Returns By Period

In the year-to-date period, GEMD achieves a -1.32% return, which is significantly lower than BEMB's -1.14% return.

GEMD

• 1D: 0.30%
• 1M: -2.82%
• YTD: -1.32%
• 6M: 1.46%
• 1Y: 8.93%
• 3Y*: 6.99%
• 5Y*: —
• 10Y*: —

BEMB

• 1D: 0.21%
• 1M: -2.24%
• YTD: -1.14%
• 6M: 1.05%
• 1Y: 7.70%
• 3Y*: 7.88%
• 5Y*: —
• 10Y*: —

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

GEMD vs. BEMB - Expense Ratio Comparison

GEMD has a 0.39% expense ratio, which is higher than BEMB's 0.18% expense ratio.

GEMD

Goldman Sachs Access Emerging Markets USD Bond ETF

BEMB

Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF

Return for Risk

GEMD vs. BEMB — Risk / Return Rank

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

GEMD

GEMD Risk / Return Rank: 72
GEMD Sharpe Ratio Rank: 73
GEMD Sortino Ratio Rank: 73
GEMD Omega Ratio Rank: 71
GEMD Calmar Ratio Rank: 70
GEMD Martin Ratio Rank: 71

BEMB

BEMB Risk / Return Rank: 75
BEMB Sharpe Ratio Rank: 75
BEMB Sortino Ratio Rank: 75
BEMB Omega Ratio Rank: 77
BEMB Calmar Ratio Rank: 75
BEMB Martin Ratio Rank: 75

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.

GEMD vs. BEMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) and Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB). 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.

	GEMD	BEMB	Difference
Sharpe ratio Return per unit of total volatility	1.38	1.42	-0.04
Sortino ratio Return per unit of downside risk	1.94	1.99	-0.05
Omega ratio Gain probability vs. loss probability	1.28	1.30	-0.02
Calmar ratio Return relative to maximum drawdown	2.01	2.12	-0.11
Martin ratio Return relative to average drawdown	8.23	8.57	-0.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GEMD vs. BEMB - Sharpe Ratio Comparison

The current GEMD Sharpe Ratio is 1.38, which is comparable to the BEMB Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of GEMD and BEMB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GEMD	BEMB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	1.42	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	1.38	-1.24

Correlation

The correlation between GEMD and BEMB is 0.94, 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

GEMD vs. BEMB - Dividend Comparison

GEMD's dividend yield for the trailing twelve months is around 6.55%, less than BEMB's 6.99% yield.

	TTM	2025	2024	2023	2022
GEMD Goldman Sachs Access Emerging Markets USD Bond ETF	6.55%	6.32%	5.79%	5.70%	5.42%
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF	6.99%	6.88%	6.31%	5.46%	0.00%

Drawdowns

GEMD vs. BEMB - Drawdown Comparison

The maximum GEMD drawdown since its inception was -24.56%, which is greater than BEMB's maximum drawdown of -6.17%. Use the drawdown chart below to compare losses from any high point for GEMD and BEMB.

Drawdown Indicators

	GEMD	BEMB	Difference
Max Drawdown Largest peak-to-trough decline	-24.56%	-6.17%	-18.39%
Max Drawdown (1Y) Largest decline over 1 year	-4.64%	-3.70%	-0.94%
Current Drawdown Current decline from peak	-3.32%	-2.58%	-0.74%
Average Drawdown Average peak-to-trough decline	-8.48%	-0.95%	-7.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	0.93%	+0.20%

Volatility

GEMD vs. BEMB - Volatility Comparison

Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) has a higher volatility of 3.02% compared to Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB) at 2.37%. This indicates that GEMD's price experiences larger fluctuations and is considered to be riskier than BEMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GEMD	BEMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	2.37%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	4.14%	3.08%	+1.06%
Volatility (1Y) Calculated over the trailing 1-year period	6.52%	5.46%	+1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.08%	5.92%	+4.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.08%	5.92%	+4.16%