GEMD vs. NEMD
GEMD (Goldman Sachs Access Emerging Markets USD Bond ETF) and NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) are both Emerging Markets Bonds funds. GEMD is passively managed, while NEMD is actively managed. Their correlation of 0.89 suggests significant overlap in exposure. GEMD charges 0.39%/yr vs 0.60%/yr for NEMD.
Performance
GEMD vs. NEMD - Performance Comparison
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Returns By Period
In the year-to-date period, GEMD achieves a 2.26% return, which is significantly lower than NEMD's 3.64% return.
GEMD
- 1D
- -0.04%
- 1M
- 1.79%
- YTD
- 2.26%
- 6M
- 2.29%
- 1Y
- 10.81%
- 3Y*
- 8.14%
- 5Y*
- —
- 10Y*
- —
NEMD
- 1D
- 0.13%
- 1M
- 1.16%
- YTD
- 3.64%
- 6M
- 3.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GEMD vs. NEMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GEMD Goldman Sachs Access Emerging Markets USD Bond ETF | 2.26% | 5.31% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 3.64% | 7.10% |
Correlation
The correlation between GEMD and NEMD is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 11, 2025 | 0.89 |
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Return for Risk
GEMD vs. NEMD — Risk / Return Rank
GEMD
NEMD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GEMD vs. NEMD - 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 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GEMD | NEMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | — | — |
| Martin ratioReturn relative to average drawdown | 9.83 | — | — |
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Drawdowns
GEMD vs. NEMD - Drawdown Comparison
The maximum GEMD drawdown since its inception was -24.56%, which is greater than NEMD's maximum drawdown of -4.43%. Use the drawdown chart below to compare losses from any high point for GEMD and NEMD.
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Drawdown Indicators
| GEMD | NEMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.56% | -4.43% | -20.13% |
Max Drawdown (1Y)Largest decline over 1 year | -4.64% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -7.69% | — | — |
Current DrawdownCurrent decline from peak | -0.42% | -1.18% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -8.09% | -0.56% | -7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | — | — |
Volatility
GEMD vs. NEMD - Volatility Comparison
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Volatility by Period
| GEMD | NEMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.59% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.67% | 6.63% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.92% | 6.63% | +3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.92% | 6.63% | +3.29% |
GEMD vs. NEMD - Expense Ratio Comparison
GEMD has a 0.39% expense ratio, which is lower than NEMD's 0.60% expense ratio.
Dividends
GEMD vs. NEMD - Dividend Comparison
GEMD's dividend yield for the trailing twelve months is around 5.65%, more than NEMD's 4.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GEMD Goldman Sachs Access Emerging Markets USD Bond ETF | 5.65% | 6.32% | 5.79% | 5.70% | 5.42% |
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF | 4.73% | 2.39% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GEMD and NEMD have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
GEMD is cheaper with a 0.39% expense ratio, compared with 0.60% for NEMD.
GEMD has the higher dividend yield at 5.65%, compared with 4.73% for NEMD.
They also come from different issuers: Goldman Sachs and Neuberger Berman. Their fees differ too: 0.39% for GEMD and 0.60% for NEMD.
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