GEMD vs. LNGX

Last updated Jun 4, 2026

GEMD (Goldman Sachs Access Emerging Markets USD Bond ETF) and LNGX (Global X U.S. Natural Gas ETF) are both exchange-traded funds - GEMD is a Emerging Markets Bonds fund tracking the FTSE Goldman Sachs Emerging Markets USD Bond Index - Benchmark TR Net, while LNGX is a Energy Equities fund tracking the Global X U.S. Natural Gas Index. Both are passively managed. At a correlation of -0.34, they often move in opposite directions. GEMD charges 0.39%/yr vs 0.45%/yr for LNGX.

Performance

GEMD vs. LNGX - 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 Global X U.S. Natural Gas ETF (LNGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GEMD achieves a 1.64% return, which is significantly lower than LNGX's 20.47% return.

GEMD

• 1D: -0.41%
• 1M: 1.17%
• YTD: 1.64%
• 6M: 1.49%
• 1Y: 11.06%
• 3Y*: 8.37%
• 5Y*: —
• 10Y*: —

LNGX

• 1D: 0.76%
• 1M: -6.84%
• YTD: 20.47%
• 6M: 13.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GEMD vs. LNGX - Yearly Performance Comparison

	2026 (YTD)	2025
GEMD Goldman Sachs Access Emerging Markets USD Bond ETF	1.64%	0.53%
LNGX Global X U.S. Natural Gas ETF	20.47%	5.97%

Correlation

The correlation between GEMD and LNGX is -0.34, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025	-0.35

Return for Risk

GEMD vs. LNGX — Risk / Return Rank

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

GEMD

GEMD Risk / Return Rank: 59
GEMD Sharpe Ratio Rank: 60
GEMD Sortino Ratio Rank: 64
GEMD Omega Ratio Rank: 64
GEMD Calmar Ratio Rank: 49
GEMD Martin Ratio Rank: 58

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. LNGX - 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 Global X U.S. Natural Gas ETF (LNGX). 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	LNGX	Difference
Sharpe ratio: Return per unit of total volatility	2.01	—	—
Sortino ratio: Return per unit of downside risk	2.95	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	2.39	—	—
Martin ratio: Return relative to average drawdown	10.09	—	—
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

	GEMD	LNGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	2.10	-1.89

Drawdowns

GEMD vs. LNGX - Drawdown Comparison

The maximum GEMD drawdown since its inception was -24.56%, which is greater than LNGX's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for GEMD and LNGX.

Drawdown Indicators

	GEMD	LNGX	Difference
Max Drawdown Largest peak-to-trough decline	-24.56%	-14.31%	-10.25%
Max Drawdown (1Y) Largest decline over 1 year	-4.64%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.69%	—	—
Current Drawdown Current decline from peak	-0.43%	-11.36%	+10.93%
Average Drawdown Average peak-to-trough decline	-8.19%	-4.37%	-3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	—	—

Volatility

Volatility by Period

	GEMD	LNGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.53%	24.67%	-19.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.95%	24.67%	-14.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.95%	24.67%	-14.72%

GEMD vs. LNGX - Expense Ratio Comparison

GEMD has a 0.39% expense ratio, which is lower than LNGX's 0.45% expense ratio.

Dividends

GEMD vs. LNGX - Dividend Comparison

GEMD's dividend yield for the trailing twelve months is around 5.69%, more than LNGX's 0.22% yield.

Position	TTM	2025	2024	2023	2022
GEMD Goldman Sachs Access Emerging Markets USD Bond ETF	5.69%	6.32%	5.79%	5.70%	5.42%
LNGX Global X U.S. Natural Gas ETF	0.22%	0.27%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GEMD and LNGX in my portfolio?

GEMD and LNGX have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GEMD or LNGX?

On fees, GEMD is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GEMD or LNGX?

GEMD is cheaper with a 0.39% expense ratio, compared with 0.45% for LNGX.

Which ETF pays a higher dividend yield, GEMD or LNGX?

GEMD has the higher dividend yield at 5.69%, compared with 0.22% for LNGX.

What is the main difference between GEMD and LNGX?

GEMD is categorized as Emerging Markets Bonds, while LNGX is Energy Equities. GEMD tracks FTSE Goldman Sachs Emerging Markets USD Bond Index - Benchmark TR Net, while LNGX tracks Global X U.S. Natural Gas Index. They also come from different issuers: Goldman Sachs and Global X. Their fees differ too: 0.39% for GEMD and 0.45% for LNGX.