GEMD vs. VWOB
Compare and contrast key facts about Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) and Vanguard Emerging Markets Government Bond ETF (VWOB).
GEMD and VWOB 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. VWOB is a passively managed fund by Vanguard that tracks the performance of the Barclays USD Emerging Markets Government RIC Capped Index. It was launched on May 31, 2013. Both GEMD and VWOB 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
GEMD vs. VWOB - Performance Comparison
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GEMD vs. VWOB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GEMD Goldman Sachs Access Emerging Markets USD Bond ETF | -1.32% | 13.67% | 3.31% | 8.51% | -15.70% |
VWOB Vanguard Emerging Markets Government Bond ETF | -1.27% | 13.49% | 5.20% | 10.68% | -12.94% |
Returns By Period
The year-to-date returns for both investments are quite close, with GEMD having a -1.32% return and VWOB slightly higher at -1.27%.
GEMD
- 1D
- 0.30%
- 1M
- -2.82%
- YTD
- -1.32%
- 6M
- 1.46%
- 1Y
- 8.93%
- 3Y*
- 6.99%
- 5Y*
- —
- 10Y*
- —
VWOB
- 1D
- 0.37%
- 1M
- -2.64%
- YTD
- -1.27%
- 6M
- 1.07%
- 1Y
- 8.63%
- 3Y*
- 8.17%
- 5Y*
- 2.10%
- 10Y*
- 3.49%
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GEMD vs. VWOB - Expense Ratio Comparison
GEMD has a 0.39% expense ratio, which is higher than VWOB's 0.20% expense ratio.
Return for Risk
GEMD vs. VWOB — Risk / Return Rank
GEMD
VWOB
GEMD vs. VWOB - 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 Vanguard Emerging Markets Government Bond ETF (VWOB). 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 | VWOB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.33 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.94 | 1.84 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.28 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.00 | +0.01 |
Martin ratioReturn relative to average drawdown | 8.23 | 8.18 | +0.05 |
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
| GEMD | VWOB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.33 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.39 | -0.25 |
Correlation
The correlation between GEMD and VWOB is 0.95, 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. VWOB - Dividend Comparison
GEMD's dividend yield for the trailing twelve months is around 6.55%, more than VWOB's 5.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEMD Goldman Sachs Access Emerging Markets USD Bond ETF | 6.55% | 6.32% | 5.79% | 5.70% | 5.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWOB Vanguard Emerging Markets Government Bond ETF | 5.96% | 5.92% | 6.08% | 5.50% | 5.30% | 4.04% | 4.18% | 4.58% | 4.52% | 4.61% | 4.71% | 4.93% |
Drawdowns
GEMD vs. VWOB - Drawdown Comparison
The maximum GEMD drawdown since its inception was -24.56%, smaller than the maximum VWOB drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for GEMD and VWOB.
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Drawdown Indicators
| GEMD | VWOB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.56% | -26.98% | +2.42% |
Max Drawdown (1Y)Largest decline over 1 year | -4.64% | -4.48% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.98% | — |
Current DrawdownCurrent decline from peak | -3.32% | -3.12% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -8.48% | -4.83% | -3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.10% | +0.03% |
Volatility
GEMD vs. VWOB - Volatility Comparison
Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) and Vanguard Emerging Markets Government Bond ETF (VWOB) have volatilities of 3.02% and 2.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GEMD | VWOB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 2.95% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.14% | 3.75% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.52% | 6.52% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.08% | 9.17% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.08% | 9.32% | +0.76% |