GERIX vs. EEM
GERIX (Goldman Sachs Emerging Markets Equity Insights Fund) and EEM (iShares MSCI Emerging Markets ETF) are both Emerging Markets Diversified funds. Over the past 10 years, GERIX returned 11.71%/yr vs 9.87%/yr for EEM. Their correlation of 0.92 suggests significant overlap in exposure. GERIX charges 1.09%/yr vs 0.72%/yr for EEM.
Performance
GERIX vs. EEM - Performance Comparison
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Returns By Period
In the year-to-date period, GERIX achieves a 33.84% return, which is significantly higher than EEM's 23.41% return. Over the past 10 years, GERIX has outperformed EEM with an annualized return of 11.71%, while EEM has yielded a comparatively lower 9.87% annualized return.
GERIX
- 1D
- 0.81%
- 1M
- 8.57%
- YTD
- 33.84%
- 6M
- 35.29%
- 1Y
- 59.00%
- 3Y*
- 26.91%
- 5Y*
- 9.23%
- 10Y*
- 11.71%
EEM
- 1D
- -5.67%
- 1M
- 2.49%
- YTD
- 23.41%
- 6M
- 24.32%
- 1Y
- 46.62%
- 3Y*
- 22.58%
- 5Y*
- 6.54%
- 10Y*
- 9.87%
GERIX vs. EEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GERIX Goldman Sachs Emerging Markets Equity Insights Fund | 33.84% | 32.58% | 7.76% | 12.90% | -21.20% | 1.15% | 20.65% | 13.69% | -16.12% | 39.32% |
EEM iShares MSCI Emerging Markets ETF | 23.41% | 33.98% | 6.49% | 8.95% | -20.56% | -3.63% | 17.02% | 18.22% | -15.31% | 37.26% |
Correlation
The correlation between GERIX and EEM is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.92 |
The correlation between GERIX and EEM has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
GERIX vs. EEM — Risk / Return Rank
GERIX
EEM
GERIX vs. EEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Emerging Markets Equity Insights Fund (GERIX) and iShares MSCI Emerging Markets ETF (EEM). 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.
| GERIX | EEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.39 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.55 | 3.46 | +1.08 |
| Martin ratioReturn relative to average drawdown | 17.08 | 12.70 | +4.39 |
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Drawdowns
GERIX vs. EEM - Drawdown Comparison
The maximum GERIX drawdown since its inception was -65.24%, roughly equal to the maximum EEM drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for GERIX and EEM.
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Drawdown Indicators
| GERIX | EEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.24% | -66.43% | +1.19% |
Max Drawdown (1Y)Largest decline over 1 year | -13.26% | -13.52% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -16.47% | -17.29% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -37.26% | -37.49% | +0.23% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | -39.82% | -1.76% |
Current DrawdownCurrent decline from peak | 0.00% | -5.67% | +5.67% |
Average DrawdownAverage peak-to-trough decline | -14.84% | -15.99% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 3.68% | -0.17% |
Volatility
GERIX vs. EEM - Volatility Comparison
The current volatility for Goldman Sachs Emerging Markets Equity Insights Fund (GERIX) is 10.82%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 12.59%. This indicates that GERIX experiences smaller price fluctuations and is considered to be less risky than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GERIX | EEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.82% | 12.59% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 18.35% | 20.73% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.67% | 22.77% | -2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.28% | 19.55% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 20.67% | -2.67% |
GERIX vs. EEM - Expense Ratio Comparison
GERIX has a 1.09% expense ratio, which is higher than EEM's 0.72% expense ratio.
Dividends
GERIX vs. EEM - Dividend Comparison
GERIX's dividend yield for the trailing twelve months is around 1.66%, which matches EEM's 1.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEM iShares MSCI Emerging Markets ETF | 1.66% | 2.22% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% |
GERIX Goldman Sachs Emerging Markets Equity Insights Fund | 1.66% | 2.22% | 1.38% | 3.91% | 2.64% | 21.39% | 1.14% | 1.97% | 2.25% | 5.38% | 1.33% | 1.34% |
Frequently Asked Questions
With a correlation of 0.90, GERIX and EEM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EEM has higher volatility (12.59%) compared to GERIX (10.82%). In terms of maximum drawdown, GERIX dropped -65.24% vs EEM's -66.43%.
GERIX currently has the higher Sharpe Ratio (2.92 vs 2.06), 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.
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