NEMD vs. GAEM

Last updated Jul 4, 2026

NEMD (Neuberger Berman Emerging Markets Debt Hard Currency ETF) and GAEM (Simplify Gamma Emerging Market Bond ETF) are both Emerging Markets Bonds funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. NEMD charges 0.60%/yr vs 0.76%/yr for GAEM.

Performance

NEMD vs. GAEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD) and Simplify Gamma Emerging Market Bond ETF (GAEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with NEMD having a 4.56% return and GAEM slightly higher at 4.59%.

NEMD

• 1D: 0.12%
• 1M: 0.77%
• 6M: 4.46%
• YTD: 4.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GAEM

• 1D: 0.22%
• 1M: 1.29%
• 6M: 4.51%
• YTD: 4.59%
• 1Y: 12.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NEMD vs. GAEM - Yearly Performance Comparison

	2026 (YTD)	2025
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	4.56%	7.10%
GAEM Simplify Gamma Emerging Market Bond ETF	4.59%	5.62%

Correlation

The correlation between NEMD and GAEM is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 11, 2025	0.75

Return for Risk

NEMD vs. GAEM — Risk / Return Rank

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

NEMD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GAEM

GAEM Risk / Return Rank: 90
GAEM Sharpe Ratio Rank: 92
GAEM Sortino Ratio Rank: 95
GAEM Omega Ratio Rank: 93
GAEM Calmar Ratio Rank: 81
GAEM 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.

NEMD vs. GAEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD) and Simplify Gamma Emerging Market Bond ETF (GAEM). 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.

	NEMD	GAEM	Difference
Sharpe ratio: Return per unit of total volatility	—	2.64	—
Sortino ratio: Return per unit of downside risk	—	4.21	—
Omega ratio: Gain probability vs. loss probability	—	1.53	—
Calmar ratio: Return relative to maximum drawdown	—	3.52	—
Martin ratio: Return relative to average drawdown	—	16.00	—

Drawdowns

NEMD vs. GAEM - Drawdown Comparison

The maximum NEMD drawdown since its inception was -4.43%, which is greater than GAEM's maximum drawdown of -3.84%. Use the drawdown chart below to compare losses from any high point for NEMD and GAEM.

Drawdown Indicators

	NEMD	GAEM	Difference
Max Drawdown Largest peak-to-trough decline	-4.43%	-3.84%	-0.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.61%	—
Current Drawdown Current decline from peak	-0.31%	-0.26%	-0.05%
Average Drawdown Average peak-to-trough decline	-0.56%	-0.51%	-0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.79%	—

Volatility

Volatility by Period

	NEMD	GAEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.56%	4.83%	+1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.56%	4.96%	+1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.56%	4.96%	+1.60%

NEMD vs. GAEM - Expense Ratio Comparison

NEMD has a 0.60% expense ratio, which is lower than GAEM's 0.76% expense ratio.

Dividends

NEMD vs. GAEM - Dividend Comparison

NEMD's dividend yield for the trailing twelve months is around 5.21%, less than GAEM's 6.52% yield.

Position	TTM	2025	2024
GAEM Simplify Gamma Emerging Market Bond ETF	6.52%	6.50%	3.78%
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	5.21%	2.39%	0.00%

Frequently Asked Questions

Can I hold both NEMD and GAEM in my portfolio?

NEMD and GAEM have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NEMD or GAEM?

On fees, NEMD is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NEMD or GAEM?

NEMD is cheaper with a 0.60% expense ratio, compared with 0.76% for GAEM.

Which ETF pays a higher dividend yield, NEMD or GAEM?

GAEM has the higher dividend yield at 6.52%, compared with 5.21% for NEMD.

What is the main difference between NEMD and GAEM?

They also come from different issuers: Neuberger Berman and Simplify. Their fees differ too: 0.60% for NEMD and 0.76% for GAEM.