JEMA vs. GEME

Last updated Jun 24, 2026

JEMA (JPMorgan ActiveBuilders Emerging Markets Equity ETF) and GEME (Pacific North of South Global Emerging Markets Equity Active ETF) are both Emerging Markets Equities funds. Both are actively managed. Over the past year, JEMA returned 54.31% vs 70.02% for GEME. Their correlation of 0.90 suggests significant overlap in exposure. JEMA charges 0.39%/yr vs 0.75%/yr for GEME.

Performance

JEMA vs. GEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) and Pacific North of South Global Emerging Markets Equity Active ETF (GEME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEMA achieves a 27.73% return, which is significantly lower than GEME's 32.99% return.

JEMA

• 1D: -5.53%
• 1M: 3.01%
• YTD: 27.73%
• 6M: 28.60%
• 1Y: 54.31%
• 3Y*: 23.52%
• 5Y*: 6.79%
• 10Y*: —

GEME

• 1D: -4.95%
• 1M: 0.89%
• YTD: 32.99%
• 6M: 35.43%
• 1Y: 70.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JEMA vs. GEME - Yearly Performance Comparison

	2026 (YTD)	2025
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF	27.73%	32.55%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	32.99%	37.43%

Correlation

The correlation between JEMA and GEME 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 (All Time) Calculated using the full available price history since Jan 23, 2025	0.90

The correlation between JEMA and GEME has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.

Return for Risk

JEMA vs. GEME — Risk / Return Rank

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

JEMA

JEMA Risk / Return Rank: 80
JEMA Sharpe Ratio Rank: 80
JEMA Sortino Ratio Rank: 70
JEMA Omega Ratio Rank: 81
JEMA Calmar Ratio Rank: 83
JEMA Martin Ratio Rank: 84

GEME

GEME Risk / Return Rank: 90
GEME Sharpe Ratio Rank: 92
GEME Sortino Ratio Rank: 86
GEME Omega Ratio Rank: 90
GEME Calmar Ratio Rank: 90
GEME Martin Ratio Rank: 90

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.

JEMA vs. GEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) and Pacific North of South Global Emerging Markets Equity Active ETF (GEME). 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.

	JEMA	GEME	Difference
Sharpe ratio: Return per unit of total volatility	2.38	3.03	-0.65
Sortino ratio: Return per unit of downside risk	2.95	3.58	-0.63
Omega ratio: Gain probability vs. loss probability	1.45	1.54	-0.09
Calmar ratio: Return relative to maximum drawdown	4.16	5.23	-1.07
Martin ratio: Return relative to average drawdown	16.18	19.34	-3.16

JEMA vs. GEME - Sharpe Ratio Comparison

The current JEMA Sharpe Ratio is 2.38, which is comparable to the GEME Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of JEMA and GEME, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JEMA vs. GEME - Drawdown Comparison

The maximum JEMA drawdown since its inception was -39.50%, which is greater than GEME's maximum drawdown of -16.86%. Use the drawdown chart below to compare losses from any high point for JEMA and GEME.

Drawdown Indicators

	JEMA	GEME	Difference
Max Drawdown Largest peak-to-trough decline	-39.50%	-16.86%	-22.64%
Max Drawdown (1Y) Largest decline over 1 year	-13.11%	-13.46%	+0.35%
Max Drawdown (3Y) Largest decline over 3 years	-18.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.39%	—	—
Current Drawdown Current decline from peak	-5.53%	-5.18%	-0.35%
Average Drawdown Average peak-to-trough decline	-16.90%	-2.38%	-14.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	3.63%	-0.26%

Volatility

JEMA vs. GEME - Volatility Comparison

JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) has a higher volatility of 12.49% compared to Pacific North of South Global Emerging Markets Equity Active ETF (GEME) at 10.98%. This indicates that JEMA's price experiences larger fluctuations and is considered to be riskier than GEME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEMA	GEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.49%	10.98%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	20.77%	20.46%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	22.96%	23.24%	-0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.65%	24.00%	-4.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.43%	24.00%	-4.57%

JEMA vs. GEME - Expense Ratio Comparison

JEMA has a 0.39% expense ratio, which is lower than GEME's 0.75% expense ratio.

Dividends

JEMA vs. GEME - Dividend Comparison

JEMA's dividend yield for the trailing twelve months is around 2.29%, less than GEME's 5.27% yield.

Position	TTM	2025	2024	2023	2022	2021
GEME Pacific North of South Global Emerging Markets Equity Active ETF	5.27%	7.01%	0.00%	0.00%	0.00%	0.00%
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF	2.29%	2.93%	2.44%	2.95%	2.69%	1.54%

Frequently Asked Questions

Can I hold both JEMA and GEME in my portfolio?

With a correlation of 0.90, JEMA and GEME 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.

Which is riskier, JEMA or GEME?

JEMA has higher volatility (12.49%) compared to GEME (10.98%). In terms of maximum drawdown, JEMA dropped -39.50% vs GEME's -16.86%.

Which ETF is better, JEMA or GEME?

On 1-year performance, GEME leads with 70.02% vs 54.31% for JEMA. On fees, JEMA is cheaper at 0.39% per year. On volatility, GEME has been the lower-risk option at 10.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JEMA or GEME?

Over the 1-year period, GEME has performed better with a 70.02% return vs 54.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JEMA or GEME?

JEMA is cheaper with a 0.39% expense ratio, compared with 0.75% for GEME.

Which ETF pays a higher dividend yield, JEMA or GEME?

GEME has the higher dividend yield at 5.27%, compared with 2.29% for JEMA.

What is the main difference between JEMA and GEME?

They also come from different issuers: JPMorgan and Pacific AM. Their fees differ too: 0.39% for JEMA and 0.75% for GEME.

Which has better risk-adjusted returns?

GEME currently has the higher Sharpe Ratio (3.03 vs 2.38), 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.