GIND vs. EEMV

Last updated Jun 4, 2026

GIND (Goldman Sachs India Equity ETF) and EEMV (iShares MSCI Emerging Markets Min Vol Factor ETF) are both Asia Pacific Equities funds. GIND is actively managed, while EEMV is passively managed. Over the past year, GIND returned -13.74% vs 26.57% for EEMV. A 0.64 correlation means they provide meaningful diversification when combined. GIND charges 0.75%/yr vs 0.25%/yr for EEMV.

Performance

GIND vs. EEMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs India Equity ETF (GIND) and iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GIND achieves a -12.46% return, which is significantly lower than EEMV's 17.74% return.

GIND

• 1D: -1.57%
• 1M: -2.39%
• YTD: -12.46%
• 6M: -11.52%
• 1Y: -13.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EEMV

• 1D: -1.04%
• 1M: 7.00%
• YTD: 17.74%
• 6M: 18.90%
• 1Y: 26.57%
• 3Y*: 14.14%
• 5Y*: 5.59%
• 10Y*: 6.68%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GIND vs. EEMV - Yearly Performance Comparison

	2026 (YTD)	2025
GIND Goldman Sachs India Equity ETF	-12.46%	4.55%
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF	17.74%	13.39%

Correlation

The correlation between GIND and EEMV is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.64

The correlation between GIND and EEMV has been stable across timeframes, ranging from 0.62 to 0.64 - a consistent structural relationship.

GIND vs. EEMV - Sectors Allocation Comparison

Sectors	GIND	EEMV
Financial Services	28.9%	17.7%
Consumer Cyclical	15.9%	5.0%
Industrials	10.7%	6.7%
Basic Materials	9.2%	3.1%
Technology	9.0%	28.9%
Healthcare	8.8%	6.2%
Consumer Defensive	5.7%	6.8%
Energy	4.1%	3.4%
Utilities	2.9%	4.6%
Communication Services	2.8%	11.2%
Real Estate	2.2%	0.5%

Return for Risk

GIND vs. EEMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GIND

GIND Risk / Return Rank: 3
GIND Sharpe Ratio Rank: 2
GIND Sortino Ratio Rank: 3
GIND Omega Ratio Rank: 3
GIND Calmar Ratio Rank: 4
GIND Martin Ratio Rank: 1

EEMV

EEMV Risk / Return Rank: 61
EEMV Sharpe Ratio Rank: 59
EEMV Sortino Ratio Rank: 60
EEMV Omega Ratio Rank: 66
EEMV Calmar Ratio Rank: 58
EEMV Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GIND vs. EEMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs India Equity ETF (GIND) and iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV). 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.

	GIND	EEMV	Difference
Sharpe ratio: Return per unit of total volatility	-0.85	2.04	-2.89
Sortino ratio: Return per unit of downside risk	-1.18	2.89	-4.07
Omega ratio: Gain probability vs. loss probability	0.87	1.40	-0.54
Calmar ratio: Return relative to maximum drawdown	-0.60	2.89	-3.49
Martin ratio: Return relative to average drawdown	-1.45	10.79	-12.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GIND vs. EEMV - Sharpe Ratio Comparison

The current GIND Sharpe Ratio is -0.85, which is lower than the EEMV Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of GIND and EEMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GIND	EEMV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.85	2.04	-2.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.47	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.43	0.39	-0.82

Drawdowns

GIND vs. EEMV - Drawdown Comparison

The maximum GIND drawdown since its inception was -22.97%, smaller than the maximum EEMV drawdown of -31.56%. Use the drawdown chart below to compare losses from any high point for GIND and EEMV.

Drawdown Indicators

	GIND	EEMV	Difference
Max Drawdown Largest peak-to-trough decline	-22.97%	-31.56%	+8.59%
Max Drawdown (1Y) Largest decline over 1 year	-22.97%	-9.22%	-13.75%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.56%	—
Current Drawdown Current decline from peak	-17.00%	-1.08%	-15.92%
Average Drawdown Average peak-to-trough decline	-6.85%	-7.97%	+1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.52%	2.47%	+7.05%

Volatility

GIND vs. EEMV - Volatility Comparison

Goldman Sachs India Equity ETF (GIND) and iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) have volatilities of 5.81% and 5.78%, 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.

Volatility by Period

	GIND	EEMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	5.78%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	14.04%	11.71%	+2.33%
Volatility (1Y) Calculated over the trailing 1-year period	16.24%	13.06%	+3.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	11.85%	+5.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	13.86%	+3.28%

GIND vs. EEMV - Expense Ratio Comparison

GIND has a 0.75% expense ratio, which is higher than EEMV's 0.25% expense ratio.

Dividends

GIND vs. EEMV - Dividend Comparison

GIND has not paid dividends to shareholders, while EEMV's dividend yield for the trailing twelve months is around 2.25%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF	2.25%	2.65%	3.50%	2.75%	1.93%	2.14%	2.45%	2.63%	2.46%	2.34%	2.79%	2.55%
GIND Goldman Sachs India Equity ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GIND and EEMV in my portfolio?

GIND and EEMV have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GIND or EEMV?

GIND has higher volatility (5.81%) compared to EEMV (5.78%). In terms of maximum drawdown, GIND dropped -22.97% vs EEMV's -31.56%.

Which ETF is better, GIND or EEMV?

On 1-year performance, EEMV leads with 26.57% vs -13.74% for GIND. On fees, EEMV is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GIND or EEMV?

Over the 1-year period, EEMV has performed better with a 26.57% return vs -13.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GIND or EEMV?

EEMV is cheaper with a 0.25% expense ratio, compared with 0.75% for GIND.

Which ETF pays a higher dividend yield, GIND or EEMV?

EEMV has the higher dividend yield at 2.25%, compared with 0.00% for GIND.

What is the main difference between GIND and EEMV?

They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.75% for GIND and 0.25% for EEMV.

Which has better risk-adjusted returns?

EEMV currently has the higher Sharpe Ratio (2.04 vs -0.85), 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.