GEM vs FEX
Comparison between GOLDMAN SACHS ACTIVEBETA(R) EMERGING MARKETS EQUITY ETF (GEM, ETF) and First Trust Large Cap Core AlphaDEX Fund (FEX, ETF).
5-Year PerformanceFEX has outperformed GEM, delivering a return of +10.7% compared to +6.2%
GEM vs FEX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GEM
$1.50B
FEX
$1.50B
Expense Ratio
Winner
GEM
0.35%
FEX
0.57%
Max Drawdown
Winner
GEM
40.21%
FEX
59.67%
Sharpe Ratio
GEM
1.60
Winner
FEX
1.69
5Y Beta
Winner
GEM
0.80
FEX
0.86
P/E Ratio
GEM
N/A
FEX
20.73
Forward P/E
GEM
N/A
FEX
16.62
PEG Ratio
GEM
N/A
FEX
0.17
5Y Dividends CAGR
Winner
GEM
18.99%
FEX
10.45%
5Y EPS CAGR
GEM
N/A
FEX
15.16%
Debt to Equity
GEM
N/A
FEX
57.37%
P/S Ratio
GEM
N/A
FEX
1.92
P/B Ratio
GEM
N/A
FEX
2.92
GEM vs FEX - Holdings Comparison
GEM and FEX have 1 common holdings. Overlap is 0.00%
GEM's top 25 holdings weight is 44.02%. FEX's top 25 holdings weight is 16.27%.
| Rank | GEM | FEX |
|---|---|---|
| #1 | n/a (n/a) - 13.89% | MICRON TECHNOLOGY INC (MU) - 1.06% |
| #2 | SAMSUNG ELECTRONICS CO LTD (n/a) - 7.19% | SANDISK CORP ORDINARY SHARES (SNDK) - 1.00% |
| #3 | SK HYNIX INC (n/a) - 5.92% | BLOOM ENERGY CORP CLASS A (BE) - 0.89% |
| #4 | TENCENT HOLDINGS LTD (n/a) - 2.71% | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 0.86% |
| #5 | n/a (n/a) - 1.96% | ADVANCED MICRO DEVICES INC (AMD) - 0.79% |
| #6 | MEDIATEK INC (n/a) - 1.51% | WESTERN DIGITAL CORP (WDC) - 0.77% |
| #7 | GOLDMAN SACHS FS TREASURY OBLIGS INSTL (FTOXX) - 1.34% | MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC (MTSI) - 0.74% |
| #8 | DELTA ELECTRONICS INC (n/a) - 0.90% | n/a (DELL) - 0.74% |
| #9 | n/a (n/a) - 0.85% | MARVELL TECHNOLOGY INC (MRVL) - 0.67% |
| #10 | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.79% | SUPER MICRO COMPUTER INC (SMCI) - 0.65% |
| #11 | n/a (n/a) - 0.77% | CIENA CORP (CIEN) - 0.62% |
| #12 | ISHARES MSCI MALAYSIA ETF (EWM) - 0.58% | MKS INC (MKSI) - 0.58% |
| #13 | HDFC BANK LTD (n/a) - 0.57% | n/a (ASTS) - 0.58% |
| #14 | SAMSUNG ELECTRO-MECHANICS CO LTD (n/a) - 0.56% | CORNING INC (GLW) - 0.57% |
| #15 | ICICI BANK LTD (n/a) - 0.50% | HUMANA INC (HUM) - 0.55% |
| #16 | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.46% | QUANTA SERVICES INC (PWR) - 0.54% |
| #17 | RELIANCE INDUSTRIES LTD (n/a) - 0.44% | COMFORT SYSTEMS USA INC (FIX) - 0.54% |
| #18 | LG ELECTRONICS INC (n/a) - 0.44% | ROCKET LAB CORP (RKLB) - 0.53% |
| #19 | PDD HOLDINGS INC ADR (PDD) - 0.43% | ELEVANCE HEALTH INC (ELV) - 0.53% |
| #20 | n/a (n/a) - 0.40% | LUMENTUM HOLDINGS INC (LITE) - 0.52% |
| #21 | n/a (n/a) - 0.39% | TERADYNE INC (TER) - 0.52% |
| #22 | XIAOMI CORP CLASS B (n/a) - 0.37% | VERTIV HOLDINGS CO CLASS A (VRT) - 0.52% |
| #23 | ELITE MATERIAL CO LTD (n/a) - 0.36% | COHERENT CORP (COHR) - 0.51% |
| #24 | OTP BANK PLC (n/a) - 0.35% | KEYSIGHT TECHNOLOGIES INC (KEYS) - 0.50% |
| #25 | BANK OF CHINA LTD CLASS H (n/a) - 0.34% | GE VERNOVA INC (GEV) - 0.49% |
| Total Holdings | 752 | 377 |
GEM vs FEX - Historical Returns
Returns include dividend reinvestment.
1M
GEM
-0.66%
Winner
FEX
+2.46%
3M
Winner
GEM
+11.95%
FEX
+7.42%
6M
Winner
GEM
+19.74%
FEX
+13.27%
1Y
Winner
GEM
+40.67%
FEX
+27.61%
5Y(CAGR)
GEM
+6.22%
Winner
FEX
+10.71%
10Y(CAGR)
GEM
+9.06%
Winner
FEX
+12.87%
Max(CAGR)
GEM
+9.26%
Winner
FEX
+9.56%
GEM vs FEX - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | GEM | FEX |
|---|---|---|
| 2026 | +15.16% | +11.85% |
| 2025 | +33.75% | +14.88% |
| 2024 | +7.92% | +17.28% |
| 2023 | +10.95% | +14.99% |
| 2022 | -21.72% | -11.35% |
| 2021 | -0.75% | +28.75% |
| 2020 | +11.23% | +13.71% |
| 2019 | +17.26% | +26.87% |
| 2018 | -15.62% | -10.52% |
| 2017 | +35.16% | +20.59% |
| 2016 | +12.61% | +15.75% |
| 2015 | +2.95% | -3.92% |
| 2014 | N/A | +13.46% |
| 2013 | N/A | +32.85% |
| 2012 | N/A | +13.91% |
| 2011 | N/A | -1.50% |
| 2010 | N/A | +18.94% |
| 2009 | N/A | +32.21% |
| 2008 | N/A | -37.71% |
| 2007 | N/A | -5.39% |
GEM vs FEX Drawdown Comparison
The maximum drawdown for GEM was -37.01%, occurring on Mar 23, 2020. Recovery took 720 trading sessions.
The maximum drawdown for FEX was -58.81%, occurring on Mar 6, 2009. Recovery took 908 trading sessions.
The current GEM drawdown is -8.52%. The current FEX drawdown is -2.24%.
| Rank | GEM | FEX |
|---|---|---|
| #1 | -37.01% Jan 26, 2018 - Dec 4, 2020 | -58.81% Jul 13, 2007 - Feb 17, 2011 |
| #2 | -36.24% Feb 17, 2021 - Jul 16, 2025 | -39.51% Feb 19, 2020 - Oct 12, 2020 |
| #3 | -19.70% Oct 13, 2015 - Jul 14, 2016 | -21.98% Sep 20, 2018 - Jul 12, 2019 |
| #4 | -13.50% Feb 25, 2026 - Apr 17, 2026 | -21.97% Apr 29, 2011 - Mar 13, 2012 |
| #5 | -9.68% Sep 6, 2016 - Feb 9, 2017 | -21.27% Nov 16, 2021 - Dec 14, 2023 |
| #6 | -8.52% Jun 2, 2026 - Jun 5, 2026 | -19.58% Nov 29, 2024 - Jul 22, 2025 |
| #7 | -5.20% Jan 21, 2021 - Feb 9, 2021 | -18.22% May 21, 2015 - Jul 22, 2016 |
| #8 | -5.15% May 11, 2026 - May 26, 2026 | -12.31% Mar 26, 2012 - Sep 13, 2012 |
| #9 | -5.13% Nov 22, 2017 - Dec 29, 2017 | -9.96% Jan 26, 2018 - Aug 27, 2018 |
| #10 | -4.73% Oct 29, 2025 - Dec 30, 2025 | -9.11% Sep 5, 2014 - Nov 11, 2014 |
| #11 | -4.25% Oct 6, 2025 - Oct 20, 2025 | -7.50% Jul 24, 2019 - Nov 7, 2019 |
| #12 | -3.50% May 16, 2017 - Jun 8, 2017 | -6.89% Sep 14, 2012 - Dec 18, 2012 |
| #13 | -3.47% Jan 28, 2026 - Feb 9, 2026 | -6.59% Jul 16, 2024 - Aug 23, 2024 |
| #14 | -3.45% Aug 15, 2016 - Sep 6, 2016 | -6.23% Feb 20, 2026 - Apr 13, 2026 |
| #15 | -3.33% Sep 19, 2017 - Oct 5, 2017 | -6.19% Dec 31, 2013 - Feb 20, 2014 |
Correlation
Correlation between GEM and FEX is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
0.86
-101
Dividend Comparison (2007 - 2026)
GEM vs FEX dividend yield comparison.
| Year | GEM | FEX |
|---|---|---|
| 2026 | 0.00% | 0.22% |
| 2025 | 2.30% | 1.10% |
| 2024 | 2.58% | 1.18% |
| 2023 | 2.97% | 1.38% |
| 2022 | 2.96% | 1.61% |
| 2021 | 3.00% | 0.80% |
| 2020 | 1.63% | 1.21% |
| 2019 | 3.13% | 1.32% |
| 2018 | 2.08% | 1.34% |
| 2017 | 1.81% | 1.07% |
| 2016 | 1.98% | 1.29% |
| 2015 | 0.25% | 1.33% |
| 2014 | 0.00% | 1.30% |
| 2013 | 0.00% | 1.02% |
| 2012 | 0.00% | 2.36% |
| 2011 | 0.00% | 1.09% |
| 2010 | 0.00% | 0.89% |
| 2009 | 0.00% | 0.89% |
| 2008 | 0.00% | 1.70% |
| 2007 | 0.00% | 0.58% |
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