UAE vs. GEME
UAE (iShares MSCI UAE ETF) and GEME (Pacific North of South Global Emerging Markets Equity Active ETF) are both Emerging Markets Equities funds. UAE is passively managed, while GEME is actively managed. Over the past year, UAE returned 5.92% vs 78.02% for GEME. At a 0.36 correlation, their price movements are largely independent. UAE charges 0.59%/yr vs 0.75%/yr for GEME.
Performance
UAE vs. GEME - Performance Comparison
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Returns By Period
In the year-to-date period, UAE achieves a -1.41% return, which is significantly lower than GEME's 37.12% return.
UAE
- 1D
- 1.45%
- 1M
- -1.62%
- YTD
- -1.41%
- 6M
- -0.08%
- 1Y
- 5.92%
- 3Y*
- 12.95%
- 5Y*
- 9.14%
- 10Y*
- 5.49%
GEME
- 1D
- -1.01%
- 1M
- 7.83%
- YTD
- 37.12%
- 6M
- 43.45%
- 1Y
- 78.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UAE vs. GEME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UAE iShares MSCI UAE ETF | -1.41% | 15.72% |
GEME Pacific North of South Global Emerging Markets Equity Active ETF | 37.12% | 37.35% |
Correlation
The correlation between UAE and GEME is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025 | 0.36 |
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Return for Risk
UAE vs. GEME — Risk / Return Rank
UAE
GEME
UAE vs. GEME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UAE ETF (UAE) 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.
| UAE | GEME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.42 | ||
| Sortino ratioReturn per unit of downside risk | -3.94 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.64 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 5.83 | -5.55 |
| Martin ratioReturn relative to average drawdown | 0.70 | 22.78 | -22.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UAE | GEME | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 3.69 | -3.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 2.59 | -2.53 |
Drawdowns
UAE vs. GEME - Drawdown Comparison
The maximum UAE drawdown since its inception was -60.49%, which is greater than GEME's maximum drawdown of -16.86%. Use the drawdown chart below to compare losses from any high point for UAE and GEME.
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Drawdown Indicators
| UAE | GEME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.49% | -16.86% | -43.63% |
Max Drawdown (1Y)Largest decline over 1 year | -21.50% | -13.46% | -8.04% |
Max Drawdown (3Y)Largest decline over 3 years | -21.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.71% | — | — |
Current DrawdownCurrent decline from peak | -15.20% | -2.23% | -12.97% |
Average DrawdownAverage peak-to-trough decline | -23.91% | -2.30% | -21.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.42% | 3.44% | +4.98% |
Volatility
UAE vs. GEME - Volatility Comparison
The current volatility for iShares MSCI UAE ETF (UAE) is 6.59%, while Pacific North of South Global Emerging Markets Equity Active ETF (GEME) has a volatility of 8.57%. This indicates that UAE 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.
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Volatility by Period
| UAE | GEME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 8.57% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 19.10% | 17.94% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.03% | 21.26% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.78% | 22.94% | -4.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.54% | 22.94% | -3.40% |
UAE vs. GEME - Expense Ratio Comparison
UAE has a 0.59% expense ratio, which is lower than GEME's 0.75% expense ratio.
Dividends
UAE vs. GEME - Dividend Comparison
UAE's dividend yield for the trailing twelve months is around 4.16%, less than GEME's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEME Pacific North of South Global Emerging Markets Equity Active ETF | 5.11% | 7.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UAE iShares MSCI UAE ETF | 4.16% | 4.10% | 3.32% | 3.25% | 2.67% | 4.88% | 4.75% | 3.54% | 5.56% | 3.38% | 4.74% | 3.77% |
Frequently Asked Questions
UAE and GEME have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GEME has higher volatility (8.57%) compared to UAE (6.59%). In terms of maximum drawdown, UAE dropped -60.49% vs GEME's -16.86%.
On 1-year performance, GEME leads with 78.02% vs 5.92% for UAE. On fees, UAE is cheaper at 0.59% per year. On volatility, UAE has been the lower-risk option at 6.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GEME has performed better with a 78.02% return vs 5.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UAE is cheaper with a 0.59% expense ratio, compared with 0.75% for GEME.
GEME has the higher dividend yield at 5.11%, compared with 4.16% for UAE.
They also come from different issuers: iShares and Pacific AM. Their fees differ too: 0.59% for UAE and 0.75% for GEME.
GEME currently has the higher Sharpe Ratio (3.69 vs 0.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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