JPEM vs. GEME

Last updated Apr 2, 2026

Compare and contrast key facts about J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) and Pacific North of South Global Emerging Markets Equity Active ETF (GEME).

JPEM and GEME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPEM is a passively managed fund by JPMorgan that tracks the performance of the JPMorgan Diversified Factor Emerging Markets Equity Index. It was launched on Jan 7, 2015. GEME is an actively managed fund by Pacific AM. It was launched on Jan 22, 2025.

Performance

JPEM vs. GEME - Performance Comparison

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

JPEM vs. GEME - Yearly Performance Comparison

	2026 (YTD)	2025
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF	3.21%	21.53%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	8.97%	37.35%

Returns By Period

In the year-to-date period, JPEM achieves a 3.21% return, which is significantly lower than GEME's 8.97% return.

JPEM

• 1D: 0.46%
• 1M: -4.90%
• YTD: 3.21%
• 6M: 7.83%
• 1Y: 23.67%
• 3Y*: 12.69%
• 5Y*: 6.85%
• 10Y*: 7.49%

GEME

• 1D: 0.70%
• 1M: -8.35%
• YTD: 8.97%
• 6M: 16.69%
• 1Y: 44.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPEM vs. GEME - Expense Ratio Comparison

JPEM has a 0.44% expense ratio, which is lower than GEME's 0.75% expense ratio.

GEME

Pacific North of South Global Emerging Markets Equity Active ETF

JPEM

J.P. Morgan Diversified Return Emerging Markets Equity ETF

Return for Risk

JPEM vs. GEME — Risk / Return Rank

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

JPEM

JPEM Risk / Return Rank: 82
JPEM Sharpe Ratio Rank: 83
JPEM Sortino Ratio Rank: 84
JPEM Omega Ratio Rank: 84
JPEM Calmar Ratio Rank: 80
JPEM Martin Ratio Rank: 80

GEME

GEME Risk / Return Rank: 88
GEME Sharpe Ratio Rank: 88
GEME Sortino Ratio Rank: 87
GEME Omega Ratio Rank: 89
GEME Calmar Ratio Rank: 88
GEME Martin Ratio Rank: 89

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.

JPEM vs. GEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) 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.

	JPEM	GEME	Difference
Sharpe ratio Return per unit of total volatility	1.69	1.96	-0.27
Sortino ratio Return per unit of downside risk	2.30	2.52	-0.22
Omega ratio Gain probability vs. loss probability	1.34	1.39	-0.05
Calmar ratio Return relative to maximum drawdown	2.35	3.20	-0.84
Martin ratio Return relative to average drawdown	9.34	12.41	-3.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPEM vs. GEME - Sharpe Ratio Comparison

The current JPEM Sharpe Ratio is 1.69, which is comparable to the GEME Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of JPEM and GEME, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JPEM	GEME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	1.96	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	1.83	-1.51

Correlation

The correlation between JPEM and GEME is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

JPEM vs. GEME - Dividend Comparison

JPEM's dividend yield for the trailing twelve months is around 4.57%, less than GEME's 6.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF	4.57%	4.65%	5.12%	4.46%	4.71%	4.40%	2.85%	3.47%	2.79%	2.14%	1.28%	3.22%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	6.43%	7.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JPEM vs. GEME - Drawdown Comparison

The maximum JPEM drawdown since its inception was -40.22%, which is greater than GEME's maximum drawdown of -16.86%. Use the drawdown chart below to compare losses from any high point for JPEM and GEME.

Drawdown Indicators

	JPEM	GEME	Difference
Max Drawdown Largest peak-to-trough decline	-40.22%	-16.86%	-23.36%
Max Drawdown (1Y) Largest decline over 1 year	-10.32%	-14.00%	+3.68%
Max Drawdown (5Y) Largest decline over 5 years	-21.57%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.22%	—	—
Current Drawdown Current decline from peak	-6.68%	-10.06%	+3.38%
Average Drawdown Average peak-to-trough decline	-9.57%	-2.29%	-7.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	3.66%	-1.06%

Volatility

JPEM vs. GEME - Volatility Comparison

The current volatility for J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) is 6.58%, while Pacific North of South Global Emerging Markets Equity Active ETF (GEME) has a volatility of 9.13%. This indicates that JPEM experiences smaller price fluctuations and is considered to be less risky than GEME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPEM	GEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.58%	9.13%	-2.55%
Volatility (6M) Calculated over the trailing 6-month period	10.11%	16.23%	-6.12%
Volatility (1Y) Calculated over the trailing 1-year period	14.07%	22.68%	-8.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.39%	22.29%	-8.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.04%	22.29%	-5.25%