GSLC vs. EMM
GSLC (Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF) and EMM (Global X Emerging Markets ex-China ETF) are both exchange-traded funds - GSLC is a Large Cap Growth Equities fund tracking the Goldman Sachs ActiveBeta U.S. Large Cap Equity Index, while EMM is a Emerging Markets Diversified fund actively managed by Global X. GSLC is passively managed, while EMM is actively managed. Over the past 3 years, GSLC returned 19.26%/yr vs 21.97%/yr for EMM. A 0.68 correlation means they provide meaningful diversification when combined. GSLC charges 0.09%/yr vs 0.75%/yr for EMM.
Performance
GSLC vs. EMM - Performance Comparison
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Returns By Period
In the year-to-date period, GSLC achieves a 5.86% return, which is significantly lower than EMM's 30.43% return.
GSLC
- 1D
- -1.22%
- 1M
- -1.29%
- YTD
- 5.86%
- 6M
- 4.87%
- 1Y
- 19.37%
- 3Y*
- 19.26%
- 5Y*
- 11.78%
- 10Y*
- 14.65%
EMM
- 1D
- -5.60%
- 1M
- 4.22%
- YTD
- 30.43%
- 6M
- 33.87%
- 1Y
- 55.00%
- 3Y*
- 21.97%
- 5Y*
- —
- 10Y*
- —
GSLC vs. EMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 5.86% | 16.17% | 24.21% | 16.35% |
EMM Global X Emerging Markets ex-China ETF | 30.43% | 30.21% | 2.34% | 2.99% |
Correlation
The correlation between GSLC and EMM is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 15, 2023 | 0.68 |
The correlation between GSLC and EMM has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.
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Return for Risk
GSLC vs. EMM — Risk / Return Rank
GSLC
EMM
GSLC vs. EMM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) and Global X Emerging Markets ex-China ETF (EMM). 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.
| GSLC | EMM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.42 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 3.75 | -1.70 |
| Martin ratioReturn relative to average drawdown | 8.86 | 15.03 | -6.17 |
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Drawdowns
GSLC vs. EMM - Drawdown Comparison
The maximum GSLC drawdown since its inception was -33.69%, which is greater than EMM's maximum drawdown of -21.99%. Use the drawdown chart below to compare losses from any high point for GSLC and EMM.
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Drawdown Indicators
| GSLC | EMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -21.99% | -11.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -14.75% | +5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -18.66% | -21.99% | +3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -24.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | — | — |
Current DrawdownCurrent decline from peak | -3.08% | -5.60% | +2.52% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -4.67% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 3.67% | -1.48% |
Volatility
GSLC vs. EMM - Volatility Comparison
The current volatility for Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is 4.60%, while Global X Emerging Markets ex-China ETF (EMM) has a volatility of 13.10%. This indicates that GSLC experiences smaller price fluctuations and is considered to be less risky than EMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSLC | EMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 13.10% | -8.50% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 22.46% | -12.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.28% | 24.51% | -12.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 19.83% | -3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.70% | 19.83% | -2.13% |
GSLC vs. EMM - Expense Ratio Comparison
GSLC has a 0.09% expense ratio, which is lower than EMM's 0.75% expense ratio.
Dividends
GSLC vs. EMM - Dividend Comparison
GSLC's dividend yield for the trailing twelve months is around 0.95%, more than EMM's 0.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMM Global X Emerging Markets ex-China ETF | 0.69% | 0.90% | 0.80% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 0.95% | 1.00% | 1.11% | 1.38% | 1.61% | 1.06% | 1.35% | 1.54% | 1.89% | 1.69% | 1.69% | 0.36% |
Frequently Asked Questions
GSLC and EMM have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMM has higher volatility (13.10%) compared to GSLC (4.60%). In terms of maximum drawdown, GSLC dropped -33.69% vs EMM's -21.99%.
On 3-year performance, EMM leads with 21.97% vs 19.26% for GSLC. On fees, GSLC is cheaper at 0.09% per year. On volatility, GSLC has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EMM has performed better with a 21.97% return vs 19.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSLC is cheaper with a 0.09% expense ratio, compared with 0.75% for EMM.
GSLC has the higher dividend yield at 0.95%, compared with 0.69% for EMM.
GSLC is categorized as Large Cap Growth Equities, while EMM is Emerging Markets Diversified. They also come from different issuers: Goldman Sachs and Global X. Their fees differ too: 0.09% for GSLC and 0.75% for EMM.
EMM currently has the higher Sharpe Ratio (2.25 vs 1.59), 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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