GEM vs BDVL
Comparison between GOLDMAN SACHS ACTIVEBETA(R) EMERGING MARKETS EQUITY ETF (GEM, ETF) and iShares Disciplined Volatility Equity Active ETF (BDVL, ETF).
GEM vs BDVL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GEM
$1.70B
BDVL
$1.70B
Expense Ratio
Winner
GEM
0.35%
BDVL
0.40%
Max Drawdown
GEM
40.21%
Winner
BDVL
7.71%
Sharpe Ratio
Winner
GEM
1.22
BDVL
0.88
5Y Beta
GEM
0.86
Winner
BDVL
0.60
P/E Ratio
GEM
N/A
BDVL
22.79
Forward P/E
GEM
N/A
BDVL
21.38
5Y Dividends CAGR
GEM
18.99%
BDVL
N/A
5Y EPS CAGR
GEM
N/A
BDVL
19.54%
Debt to Equity
GEM
N/A
BDVL
48.12%
P/S Ratio
GEM
N/A
BDVL
2.28
P/B Ratio
GEM
N/A
BDVL
4.90
GEM vs BDVL - Holdings Comparison
GEM and BDVL have 6 common holdings. Overlap is -4.35%
GEM's top 25 holdings weight is 46.06%. BDVL's top 25 holdings weight is 43.39%.
| Rank | GEM | BDVL |
|---|---|---|
| #1 | n/a (n/a) - 13.46% | INR/USD PURCHASED (n/a) - 4.37% |
| #2 | SAMSUNG ELECTRONICS CO LTD (n/a) - 6.01% | EUR/USD PURCHASED (n/a) - 4.19% |
| #3 | SK HYNIX INC (n/a) - 4.48% | JPY/USD PURCHASED (n/a) - 3.90% |
| #4 | GOLDMAN SACHS FS TREASURY OBLIGS INSTL (FTOXX) - 4.40% | USD CASH (n/a) - 3.55% |
| #5 | n/a (n/a) - 4.34% | ISHARES MSCI INDIA ETF (INDA) - 2.53% |
| #6 | TENCENT HOLDINGS LTD (n/a) - 2.64% | HKD/USD PURCHASED (n/a) - 2.52% |
| #7 | n/a (n/a) - 1.69% | ASML HOLDING NV (n/a) - 1.62% |
| #8 | MEDIATEK INC (n/a) - 1.31% | ALPHABET INC CLASS C (GOOG) - 1.44% |
| #9 | n/a (n/a) - 0.73% | MASTERCARD INC CLASS A (MA) - 1.34% |
| #10 | DELTA ELECTRONICS INC (n/a) - 0.73% | AMAZON.COM INC (AMZN) - 1.26% |
| #11 | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.71% | HOWMET AEROSPACE INC (HWM) - 1.26% |
| #12 | ISHARES MSCI MALAYSIA ETF (EWM) - 0.53% | JOHNSON & JOHNSON (JNJ) - 1.17% |
| #13 | HDFC BANK LTD (n/a) - 0.50% | INTEL CORP (INTC) - 1.15% |
| #14 | ICICI BANK LTD (n/a) - 0.49% | PROGRESSIVE CORP (PGR) - 1.15% |
| #15 | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.47% | CISCO SYSTEMS INC (CSCO) - 1.14% |
| #16 | SAMSUNG ELECTRO-MECHANICS CO LTD (n/a) - 0.46% | KEYSIGHT TECHNOLOGIES INC (KEYS) - 1.13% |
| #17 | RELIANCE INDUSTRIES LTD (n/a) - 0.39% | REPUBLIC SERVICES INC (RSG) - 1.12% |
| #18 | n/a (n/a) - 0.39% | TJX COMPANIES INC (TJX) - 1.10% |
| #19 | n/a (n/a) - 0.37% | CADENCE DESIGN SYSTEMS INC (CDNS) - 1.10% |
| #20 | OTP BANK PLC (n/a) - 0.36% | MCKESSON CORP (MCK) - 1.09% |
| #21 | PDD HOLDINGS INC ADR (PDD) - 0.34% | VISA INC CLASS A (V) - 1.08% |
| #22 | ELITE MATERIAL CO LTD (n/a) - 0.32% | SOUTHERN CO (SO) - 1.07% |
| #23 | LG ELECTRONICS INC (n/a) - 0.32% | TWD/USD PURCHASED (n/a) - 1.05% |
| #24 | XIAOMI CORP CLASS B (n/a) - 0.31% | n/a (n/a) - 1.04% |
| #25 | BANK OF CHINA LTD CLASS H (n/a) - 0.31% | MICROSOFT CORP (MSFT) - 1.02% |
| Total Holdings | 672 | 561 |
GEM vs BDVL - Historical Returns
Returns include dividend reinvestment.
1M
GEM
-3.50%
Winner
BDVL
+2.12%
3M
GEM
-2.54%
Winner
BDVL
+2.97%
6M
Winner
GEM
+8.67%
BDVL
+6.27%
1Y
Winner
GEM
+34.54%
BDVL
+10.97%
5Y(CAGR)
GEM
+7.84%
BDVL
N/A
10Y(CAGR)
GEM
+8.42%
BDVL
N/A
Max(CAGR)
GEM
+9.25%
Winner
BDVL
+12.41%
GEM vs BDVL - Annual Returns (2015 - 2026)
Returns include dividend reinvestment.
| Year | GEM | BDVL |
|---|---|---|
| 2026 | +16.69% | +8.93% |
| 2025 | +33.75% | +1.98% |
| 2024 | +7.92% | N/A |
| 2023 | +10.95% | N/A |
| 2022 | -21.72% | N/A |
| 2021 | -0.75% | N/A |
| 2020 | +11.23% | N/A |
| 2019 | +17.26% | N/A |
| 2018 | -15.62% | N/A |
| 2017 | +35.16% | N/A |
| 2016 | +12.61% | N/A |
| 2015 | +2.95% | N/A |
GEM vs BDVL Drawdown Comparison
The maximum drawdown for GEM was -37.01%, occurring on Mar 23, 2020. Recovery took 720 trading sessions.
The maximum drawdown for BDVL was -7.71%, occurring on Mar 27, 2026. Recovery took 47 trading sessions.
The current GEM drawdown is -8.05%.
| Rank | GEM | BDVL |
|---|---|---|
| #1 | -37.01% Jan 26, 2018 - Dec 4, 2020 | -7.71% Feb 27, 2026 - May 6, 2026 |
| #2 | -36.24% Feb 17, 2021 - Jul 16, 2025 | -3.36% Nov 12, 2025 - Dec 5, 2025 |
| #3 | -19.70% Oct 13, 2015 - Jul 14, 2016 | -2.31% May 26, 2026 - Jun 15, 2026 |
| #4 | -13.50% Feb 25, 2026 - Apr 17, 2026 | -1.99% Sep 17, 2025 - Oct 20, 2025 |
| #5 | -13.35% Jun 22, 2026 - Jul 29, 2026 | -1.79% Jul 10, 2026 - Jul 31, 2026 |
| #6 | -9.68% Sep 6, 2016 - Feb 9, 2017 | -1.55% Jun 15, 2026 - Jul 6, 2026 |
| #7 | -8.52% Jun 2, 2026 - Jun 18, 2026 | -1.51% May 6, 2026 - May 26, 2026 |
| #8 | -5.20% Jan 21, 2021 - Feb 9, 2021 | -1.48% Jan 12, 2026 - Jan 26, 2026 |
| #9 | -5.15% May 11, 2026 - May 26, 2026 | -1.43% Oct 27, 2025 - Nov 11, 2025 |
| #10 | -5.13% Nov 22, 2017 - Dec 29, 2017 | -1.05% Jan 27, 2026 - Feb 9, 2026 |
| #11 | -4.73% Oct 29, 2025 - Dec 30, 2025 | -0.87% Dec 11, 2025 - Dec 22, 2025 |
| #12 | -4.25% Oct 6, 2025 - Oct 20, 2025 | -0.75% Dec 26, 2025 - Jan 6, 2026 |
| #13 | -3.50% May 16, 2017 - Jun 8, 2017 | -0.72% Jul 6, 2026 - Jul 10, 2026 |
| #14 | -3.47% Jan 28, 2026 - Feb 9, 2026 | -0.69% Dec 5, 2025 - Dec 11, 2025 |
| #15 | -3.45% Aug 15, 2016 - Sep 6, 2016 | -0.64% Feb 11, 2026 - Feb 20, 2026 |
Correlation
Correlation between GEM and BDVL is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (2015 - 2026)
GEM vs BDVL dividend yield comparison.
| Year | GEM | BDVL |
|---|---|---|
| 2026 | 0.00% | 0.84% |
| 2025 | 2.30% | 2.79% |
| 2024 | 2.58% | 0.00% |
| 2023 | 2.97% | 0.00% |
| 2022 | 2.96% | 0.00% |
| 2021 | 3.00% | 0.00% |
| 2020 | 1.63% | 0.00% |
| 2019 | 3.13% | 0.00% |
| 2018 | 2.08% | 0.00% |
| 2017 | 1.81% | 0.00% |
| 2016 | 1.98% | 0.00% |
| 2015 | 0.25% | 0.00% |
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