JREM.DE vs. GACB.DE
JREM.DE (JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) and GACB.DE (Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.)) are both Emerging Markets Equities funds - JREM.DE tracks the JP Morgan Global Emerging Markets Research Enhanced Index Equity (ESG) while GACB.DE tracks the Goldman Sachs ActiveBeta Emerging Markets Equity. Both are passively managed. Their correlation of 0.93 suggests significant overlap in exposure. JREM.DE charges 0.30%/yr vs 0.49%/yr for GACB.DE.
Performance
JREM.DE vs. GACB.DE - Performance Comparison
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Returns By Period
JREM.DE
- 1D
- 0.79%
- 1M
- 1.94%
- YTD
- 32.18%
- 6M
- 34.25%
- 1Y
- 52.24%
- 3Y*
- 22.25%
- 5Y*
- 8.18%
- 10Y*
- —
GACB.DE
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JREM.DE vs. GACB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JREM.DE JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) | 32.18% | 19.77% | 12.77% | 4.19% | -15.62% | 4.85% | 8.48% | 7.00% |
GACB.DE Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.) | 4.67% | 17.63% | 13.29% | 6.39% | -14.87% | 7.59% | 1.72% | -6.33% |
Correlation
The correlation between JREM.DE and GACB.DE 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 | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019 | 0.93 |
Over the past year, the correlation between JREM.DE and GACB.DE has dropped to 0.71 - well below their long-term average of 0.93, suggesting their price drivers have been diverging.
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Return for Risk
JREM.DE vs. GACB.DE — Risk / Return Rank
JREM.DE
GACB.DE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JREM.DE vs. GACB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREM.DE) and Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.) (GACB.DE). 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.
| JREM.DE | GACB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.48 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.11 | — | — |
| Martin ratioReturn relative to average drawdown | 17.51 | — | — |
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Drawdowns
JREM.DE vs. GACB.DE - Drawdown Comparison
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Drawdown Indicators
| JREM.DE | GACB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.27% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -10.18% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.27% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.72% | — | — |
Current DrawdownCurrent decline from peak | -3.86% | — | — |
Average DrawdownAverage peak-to-trough decline | -11.18% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | — | — |
Volatility
JREM.DE vs. GACB.DE - Volatility Comparison
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Volatility by Period
| JREM.DE | GACB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.97% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.17% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.53% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | — | — |
JREM.DE vs. GACB.DE - Expense Ratio Comparison
JREM.DE has a 0.30% expense ratio, which is lower than GACB.DE's 0.49% expense ratio.
Dividends
JREM.DE vs. GACB.DE - Dividend Comparison
Neither JREM.DE nor GACB.DE has paid dividends to shareholders.
Frequently Asked Questions
JREM.DE and GACB.DE 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.
On fees, JREM.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREM.DE is cheaper with a 0.30% expense ratio, compared with 0.49% for GACB.DE.
JREM.DE tracks JP Morgan Global Emerging Markets Research Enhanced Index Equity (ESG), while GACB.DE tracks Goldman Sachs ActiveBeta Emerging Markets Equity. They also come from different issuers: JPMorgan and Goldman Sachs. Their fees differ too: 0.30% for JREM.DE and 0.49% for GACB.DE.
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