GEMD vs. ^GSPC
Compare and contrast key facts about Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GEMD or ^GSPC.
Correlation
The correlation between GEMD and ^GSPC is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GEMD vs. ^GSPC - Performance Comparison
Key characteristics
GEMD:
1.19
^GSPC:
1.83
GEMD:
1.74
^GSPC:
2.47
GEMD:
1.21
^GSPC:
1.33
GEMD:
0.78
^GSPC:
2.76
GEMD:
3.67
^GSPC:
11.27
GEMD:
2.12%
^GSPC:
2.08%
GEMD:
6.52%
^GSPC:
12.79%
GEMD:
-24.57%
^GSPC:
-56.78%
GEMD:
-3.24%
^GSPC:
-0.07%
Returns By Period
In the year-to-date period, GEMD achieves a 2.39% return, which is significantly lower than ^GSPC's 3.96% return.
GEMD
2.39%
1.46%
-0.06%
7.18%
N/A
N/A
^GSPC
3.96%
1.97%
9.03%
22.16%
12.60%
11.26%
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Risk-Adjusted Performance
GEMD vs. ^GSPC — Risk-Adjusted Performance Rank
GEMD
^GSPC
GEMD vs. ^GSPC - 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 S&P 500 (^GSPC). 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.
Drawdowns
GEMD vs. ^GSPC - Drawdown Comparison
The maximum GEMD drawdown since its inception was -24.57%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for GEMD and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
GEMD vs. ^GSPC - Volatility Comparison
The current volatility for Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) is 1.48%, while S&P 500 (^GSPC) has a volatility of 3.21%. This indicates that GEMD experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.