NEMD vs. GEMD

Last updated Apr 1, 2026

Compare and contrast key facts about Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD) and Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD).

NEMD and GEMD 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. GEMD is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs Emerging Markets USD Bond Index - Benchmark TR Net. It was launched on Feb 15, 2022.

Performance

NEMD vs. GEMD - 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 Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD). The values are adjusted to include any dividend payments, if applicable.

NEMD vs. GEMD - Yearly Performance Comparison

	2026 (YTD)	2025
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	-0.36%	7.07%
GEMD Goldman Sachs Access Emerging Markets USD Bond ETF	-1.32%	5.20%

Returns By Period

In the year-to-date period, NEMD achieves a -0.36% return, which is significantly higher than GEMD's -1.32% return.

NEMD

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

GEMD

• 1D: 0.30%
• 1M: -2.82%
• YTD: -1.32%
• 6M: 1.46%
• 1Y: 8.93%
• 3Y*: 6.99%
• 5Y*: —
• 10Y*: —

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

NEMD vs. GEMD - Expense Ratio Comparison

NEMD has a 0.60% expense ratio, which is higher than GEMD's 0.39% expense ratio.

NEMD

Neuberger Berman Emerging Markets Debt Hard Currency ETF

GEMD

Goldman Sachs Access Emerging Markets USD Bond ETF

Return for Risk

NEMD vs. GEMD — Risk / Return Rank

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

GEMD

GEMD Risk / Return Rank: 72
GEMD Sharpe Ratio Rank: 73
GEMD Sortino Ratio Rank: 73
GEMD Omega Ratio Rank: 71
GEMD Calmar Ratio Rank: 70
GEMD Martin Ratio Rank: 71

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. GEMD - 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 Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD). 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	GEMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	0.14	+1.57

Correlation

The correlation between NEMD and GEMD is 0.85, 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. GEMD - Dividend Comparison

NEMD's dividend yield for the trailing twelve months is around 3.88%, less than GEMD's 6.55% yield.

	TTM	2025	2024	2023	2022
NEMD Neuberger Berman Emerging Markets Debt Hard Currency ETF	3.88%	2.39%	0.00%	0.00%	0.00%
GEMD Goldman Sachs Access Emerging Markets USD Bond ETF	6.55%	6.32%	5.79%	5.70%	5.42%

Drawdowns

NEMD vs. GEMD - Drawdown Comparison

The maximum NEMD drawdown since its inception was -4.43%, smaller than the maximum GEMD drawdown of -24.56%. Use the drawdown chart below to compare losses from any high point for NEMD and GEMD.

Drawdown Indicators

	NEMD	GEMD	Difference
Max Drawdown Largest peak-to-trough decline	-4.43%	-24.56%	+20.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.64%	—
Current Drawdown Current decline from peak	-3.35%	-3.32%	-0.03%
Average Drawdown Average peak-to-trough decline	-0.49%	-8.48%	+7.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.13%	—

Volatility

Volatility by Period

	NEMD	GEMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.30%	6.52%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.30%	10.08%	-3.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.30%	10.08%	-3.78%