Correlation
The correlation between GEMD and BWX is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
GEMD vs. BWX
Compare and contrast key facts about Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) and SPDR Bloomberg Barclays International Treasury Bond ETF (BWX).
GEMD and BWX 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. BWX is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Treasury x US Capped (Inception 8/31/2007). It was launched on Oct 2, 2007. Both GEMD and BWX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GEMD or BWX.
Performance
GEMD vs. BWX - Performance Comparison
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Key characteristics
GEMD:
0.88
BWX:
0.89
GEMD:
1.29
BWX:
1.33
GEMD:
1.16
BWX:
1.16
GEMD:
0.77
BWX:
0.26
GEMD:
2.49
BWX:
1.63
GEMD:
2.47%
BWX:
4.77%
GEMD:
6.97%
BWX:
9.20%
GEMD:
-24.40%
BWX:
-34.00%
GEMD:
-1.78%
BWX:
-22.23%
Returns By Period
In the year-to-date period, GEMD achieves a 3.71% return, which is significantly lower than BWX's 7.96% return.
GEMD
3.71%
1.36%
1.02%
5.41%
3.71%
N/A
N/A
BWX
7.96%
0.35%
4.32%
7.93%
-0.22%
-2.83%
-0.29%
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GEMD vs. BWX - Expense Ratio Comparison
GEMD has a 0.39% expense ratio, which is higher than BWX's 0.35% expense ratio.
Risk-Adjusted Performance
GEMD vs. BWX — Risk-Adjusted Performance Rank
GEMD
BWX
GEMD vs. BWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) and SPDR Bloomberg Barclays International Treasury Bond ETF (BWX). 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.
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Dividends
GEMD vs. BWX - Dividend Comparison
GEMD's dividend yield for the trailing twelve months is around 6.49%, more than BWX's 1.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEMD Goldman Sachs Access Emerging Markets USD Bond ETF | 6.49% | 5.79% | 5.70% | 5.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | 1.87% | 1.99% | 1.62% | 1.23% | 1.00% | 0.95% | 1.16% | 1.17% | 0.46% | 0.00% | 0.00% | 1.77% |
Drawdowns
GEMD vs. BWX - Drawdown Comparison
The maximum GEMD drawdown since its inception was -24.40%, smaller than the maximum BWX drawdown of -34.00%. Use the drawdown chart below to compare losses from any high point for GEMD and BWX.
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Volatility
GEMD vs. BWX - Volatility Comparison
The current volatility for Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) is 1.64%, while SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) has a volatility of 3.36%. This indicates that GEMD experiences smaller price fluctuations and is considered to be less risky than BWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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