NEMD vs. GAEM

Last updated Apr 1, 2026

Compare and contrast key facts about Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD) and Simplify Gamma Emerging Market Bond ETF (GAEM).

NEMD and GAEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NEMD is an actively managed fund by Neuberger Berman. It was launched on Sep 27, 2013. GAEM is an actively managed fund by Simplify. It was launched on Aug 12, 2024.

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.

NEMD vs. GAEM - Yearly Performance Comparison

	2026 (YTD)	2025
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	-0.36%	7.07%
GAEM Simplify Gamma Emerging Market Bond ETF	-1.25%	5.50%

Returns By Period

In the year-to-date period, NEMD achieves a -0.36% return, which is significantly higher than GAEM's -1.25% return.

NEMD

• 1D: 1.13%
• 1M: -3.18%
• YTD: -0.36%
• 6M: 3.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GAEM

• 1D: 0.58%
• 1M: -2.64%
• YTD: -1.25%
• 6M: 1.75%
• 1Y: 9.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NEMD vs. GAEM - Expense Ratio Comparison

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

GAEM

Simplify Gamma Emerging Market Bond ETF

NEMD

Neuberger Berman Emerging Markets Debt Hard Currency ETF

Return for Risk

NEMD vs. GAEM — Risk / Return Rank

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

GAEM

GAEM Risk / Return Rank: 89
GAEM Sharpe Ratio Rank: 86
GAEM Sortino Ratio Rank: 91
GAEM Omega Ratio Rank: 88
GAEM Calmar Ratio Rank: 88
GAEM 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.

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.

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

Sharpe Ratios by Period

	NEMD	GAEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	2.00	-0.30

Correlation

The correlation between NEMD and GAEM is 0.76, 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

NEMD vs. GAEM - Dividend Comparison

NEMD's dividend yield for the trailing twelve months is around 3.88%, less than GAEM's 6.72% yield.

	TTM	2025	2024
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	3.88%	2.39%	0.00%
GAEM Simplify Gamma Emerging Market Bond ETF	6.72%	6.50%	3.78%

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	-3.35%	-2.80%	-0.55%
Average Drawdown Average peak-to-trough decline	-0.49%	-0.51%	+0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.85%	—

Volatility

Volatility by Period

	NEMD	GAEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.30%	5.50%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.30%	4.88%	+1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.30%	4.88%	+1.42%