GAEM vs FMNY
Comparison between Simplify Gamma Emerging Market Bond ETF (GAEM, ETF) and FIRST TRUST NEW YORK MUNICIPAL HIGH INCOME ETF (FMNY, ETF).
GAEM vs FMNY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
GAEM
$41M
FMNY
$39M
Expense Ratio
GAEM
0.76%
Winner
FMNY
0.49%
Max Drawdown
Winner
GAEM
7.71%
FMNY
18.26%
Sharpe Ratio
Winner
GAEM
1.85
FMNY
1.08
5Y Beta
GAEM
0.20
Winner
FMNY
0.03
GAEM vs FMNY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
GAEM
+2.71%
FMNY
+1.17%
3M
Winner
GAEM
+4.89%
FMNY
+0.73%
6M
Winner
GAEM
+5.62%
FMNY
+2.29%
1Y
Winner
GAEM
+13.79%
FMNY
+7.32%
5Y(CAGR)
GAEM
N/A
FMNY
+0.47%
Max(CAGR)
Winner
GAEM
+11.93%
FMNY
+0.74%
GAEM vs FMNY - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | GAEM | FMNY |
|---|---|---|
| 2026 | +4.36% | +1.89% |
| 2025 | +13.49% | +3.79% |
| 2024 | +3.72% | +1.79% |
| 2023 | N/A | +6.08% |
| 2022 | N/A | -10.52% |
| 2021 | N/A | +1.60% |
GAEM vs FMNY Drawdown Comparison
The maximum drawdown for GAEM was -3.84%, occurring on Apr 8, 2025. Recovery took 50 trading sessions.
The maximum drawdown for FMNY was -15.90%, occurring on Oct 26, 2022. Recovery took 1090 trading sessions.
The current FMNY drawdown is -0.68%.
| Rank | GAEM | FMNY |
|---|---|---|
| #1 | -3.84% Feb 28, 2025 - May 12, 2025 | -15.90% Jul 19, 2021 - Nov 18, 2025 |
| #2 | -3.61% Feb 25, 2026 - Apr 13, 2026 | -2.83% Feb 27, 2026 - Mar 24, 2026 |
| #3 | -2.17% Dec 6, 2024 - Feb 21, 2025 | -0.66% Jun 15, 2021 - Jul 8, 2021 |
| #4 | -1.84% Apr 17, 2026 - Jun 1, 2026 | -0.57% Nov 18, 2025 - Jan 5, 2026 |
| #5 | -1.50% Sep 17, 2025 - Oct 21, 2025 | -0.55% Jan 14, 2026 - Feb 3, 2026 |
| #6 | -1.23% Oct 16, 2024 - Nov 7, 2024 | -0.17% Feb 10, 2026 - Feb 17, 2026 |
| #7 | -0.86% May 16, 2025 - Jun 3, 2025 | -0.15% May 14, 2021 - May 20, 2021 |
| #8 | -0.83% Nov 11, 2024 - Nov 21, 2024 | -0.15% Jan 7, 2026 - Jan 14, 2026 |
| #9 | -0.82% Jan 23, 2026 - Feb 20, 2026 | -0.13% Jul 12, 2021 - Jul 19, 2021 |
| #10 | -0.69% Jun 4, 2026 - Jun 11, 2026 | -0.12% May 20, 2021 - May 24, 2021 |
| #11 | -0.68% Nov 11, 2025 - Dec 3, 2025 | -0.10% May 24, 2021 - May 27, 2021 |
| #12 | -0.63% Oct 27, 2025 - Nov 11, 2025 | -0.04% Feb 18, 2026 - Feb 23, 2026 |
| #13 | -0.58% Jul 9, 2025 - Jul 22, 2025 | -0.04% Jan 5, 2026 - Jan 7, 2026 |
| #14 | -0.53% Dec 3, 2025 - Dec 15, 2025 | -0.04% Feb 4, 2026 - Feb 6, 2026 |
| #15 | -0.51% Jul 3, 2025 - Jul 9, 2025 | N/A |
Correlation
Correlation between GAEM and FMNY is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
0.82
-101
Dividend Comparison (2021 - 2026)
GAEM vs FMNY dividend yield comparison.
| Year | GAEM | FMNY |
|---|---|---|
| 2026 | 2.55% | 1.56% |
| 2025 | 6.50% | 3.64% |
| 2024 | 3.78% | 3.56% |
| 2023 | 0.00% | 3.25% |
| 2022 | 0.00% | 2.34% |
| 2021 | 0.00% | 0.72% |
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