GEME vs. SHV
GEME (Pacific North of South Global Emerging Markets Equity Active ETF) and SHV (iShares 0-1 Year Treasury Bond ETF) are both exchange-traded funds - GEME is a Emerging Markets Equities fund actively managed by Pacific AM, while SHV is a Government Bonds fund tracking the ICE Short US Treasury Securities Index. GEME is actively managed, while SHV is passively managed. Over the past year, GEME returned 71.47% vs 3.86% for SHV. At a correlation of -0.09, they often move in opposite directions. GEME charges 0.75%/yr vs 0.15%/yr for SHV.
Performance
GEME vs. SHV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GEME achieves a 34.02% return, which is significantly higher than SHV's 1.53% return.
GEME
- 1D
- 1.27%
- 1M
- 0.45%
- YTD
- 34.02%
- 6M
- 38.52%
- 1Y
- 71.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHV
- 1D
- 0.03%
- 1M
- 0.30%
- YTD
- 1.53%
- 6M
- 1.73%
- 1Y
- 3.86%
- 3Y*
- 4.63%
- 5Y*
- 3.34%
- 10Y*
- 2.23%
GEME vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GEME Pacific North of South Global Emerging Markets Equity Active ETF | 34.02% | 37.43% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.53% | 3.97% |
Correlation
The correlation between GEME and SHV is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025 | -0.09 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GEME vs. SHV — Risk / Return Rank
GEME
SHV
GEME vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific North of South Global Emerging Markets Equity Active ETF (GEME) and iShares 0-1 Year Treasury Bond ETF (SHV). 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.
| GEME | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -16.44 | ||
| Sortino ratioReturn per unit of downside risk | -145.88 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 53.77 | -52.23 |
| Calmar ratioReturn relative to maximum drawdown | 5.12 | 431.38 | -426.27 |
| Martin ratioReturn relative to average drawdown | 19.06 | 2,419.80 | -2,400.74 |
Loading charts...
Drawdowns
GEME vs. SHV - Drawdown Comparison
The maximum GEME drawdown since its inception was -16.86%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for GEME and SHV.
Loading charts...
Drawdown Indicators
| GEME | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.86% | -0.45% | -16.41% |
Max Drawdown (1Y)Largest decline over 1 year | -13.46% | -0.01% | -13.45% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.39% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | -4.44% | 0.00% | -4.44% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -0.03% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 0.00% | +3.61% |
Volatility
GEME vs. SHV - Volatility Comparison
Pacific North of South Global Emerging Markets Equity Active ETF (GEME) has a higher volatility of 9.90% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.04%. This indicates that GEME's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GEME | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.90% | 0.04% | +9.86% |
Volatility (6M)Calculated over the trailing 6-month period | 19.56% | 0.12% | +19.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 0.20% | +22.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.65% | 0.29% | +23.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.65% | 0.28% | +23.37% |
GEME vs. SHV - Expense Ratio Comparison
GEME has a 0.75% expense ratio, which is higher than SHV's 0.15% expense ratio.
Dividends
GEME vs. SHV - Dividend Comparison
GEME's dividend yield for the trailing twelve months is around 5.23%, more than SHV's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEME Pacific North of South Global Emerging Markets Equity Active ETF | 5.23% | 7.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.83% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Frequently Asked Questions
GEME and SHV have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GEME has higher volatility (9.90%) compared to SHV (0.04%). In terms of maximum drawdown, GEME dropped -16.86% vs SHV's -0.45%.
On 1-year performance, GEME leads with 71.47% vs 3.86% for SHV. On fees, SHV is cheaper at 0.15% per year. On volatility, SHV has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GEME has performed better with a 71.47% return vs 3.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHV is cheaper with a 0.15% expense ratio, compared with 0.75% for GEME.
GEME has the higher dividend yield at 5.23%, compared with 3.83% for SHV.
GEME is categorized as Emerging Markets Equities, while SHV is Government Bonds. They also come from different issuers: Pacific AM and iShares. Their fees differ too: 0.75% for GEME and 0.15% for SHV.
SHV currently has the higher Sharpe Ratio (19.49 vs 3.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for GEME and SHV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer