GEM vs SOXS

Comparison between GOLDMAN SACHS ACTIVEBETA(R) EMERGING MARKETS EQUITY ETF (GEM, ETF) and Direxion Daily Semiconductor Bear 3X Shares (SOXS, ETF).

5-Year PerformanceGEM has outperformed SOXS, delivering a return of +7.6% compared to -80.9%

GEM vs SOXS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GEM(ETF)	SOXS(ETF)
Net Assets	$1.70B	$1.80B
Expense Ratio	0.35%	N/A
Max Drawdown	40.21%	100.00%
Sharpe Ratio	1.67	-2.66
5Y Beta	0.83	0.00
5Y Dividends CAGR	18.99%	N/A

Net Assets

GEM

$1.70B

Winner

SOXS

$1.80B

Expense Ratio

GEM

0.35%

SOXS

N/A

Max Drawdown

Winner

GEM

40.21%

SOXS

100.00%

Sharpe Ratio

Winner

GEM

1.67

SOXS

-2.66

5Y Beta

GEM

0.83

Winner

SOXS

0.00

5Y Dividends CAGR

GEM

18.99%

SOXS

N/A

GEM vs SOXS - Holdings Comparison

GEM and SOXS have 0 common holdings. Overlap is 0.00%

GEM's top 25 holdings weight is 45.96%. SOXS's top 25 holdings weight is 66.35%.

Rank	GEM	SOXS
#1	n/a (n/a) - 13.51%	GOLDMAN SACHS FS TREASURY INTMS INSTL (FTIXX) - 66.35%
#2	SAMSUNG ELECTRONICS CO LTD (n/a) - 7.71%	N/A
#3	SK HYNIX INC (n/a) - 5.94%	N/A
#4	n/a (n/a) - 3.23%	N/A
#5	GOLDMAN SACHS FS TREASURY OBLIGS INSTL (FTOXX) - 2.68%	N/A
#6	TENCENT HOLDINGS LTD (n/a) - 2.53%	N/A
#7	n/a (n/a) - 1.51%	N/A
#8	MEDIATEK INC (n/a) - 1.48%	N/A
#9	n/a (n/a) - 0.86%	N/A
#10	DELTA ELECTRONICS INC (n/a) - 0.81%	N/A
#11	CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.69%	N/A
#12	SAMSUNG ELECTRO-MECHANICS CO LTD (n/a) - 0.64%	N/A
#13	ISHARES MSCI MALAYSIA ETF (EWM) - 0.51%	N/A
#14	HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.50%	N/A
#15	HDFC BANK LTD (n/a) - 0.50%	N/A
#16	ICICI BANK LTD (n/a) - 0.44%	N/A
#17	RELIANCE INDUSTRIES LTD (n/a) - 0.39%	N/A
#18	LG ELECTRONICS INC (n/a) - 0.38%	N/A
#19	n/a (n/a) - 0.35%	N/A
#20	OTP BANK PLC (n/a) - 0.35%	N/A
#21	KOREA INVESTMENT HOLDINGS CO LTD (n/a) - 0.19%	N/A
#22	JD.COM INC ORDINARY SHARES CLASS A (n/a) - 0.19%	N/A
#23	CHINA LIFE INSURANCE CO LTD CLASS H (n/a) - 0.19%	N/A
#24	KB FINANCIAL GROUP INC (n/a) - 0.19%	N/A
#25	BB SEGURIDADE PARTICIPACOES SA (n/a) - 0.19%	N/A
Total Holdings	717	1

GEM vs SOXS - Historical Returns

Returns include dividend reinvestment.

Period	GEM	SOXS
1 month	+2.53%	-47.24%
3 months	+16.86%	-89.51%
6 months	+23.85%	-93.17%
1 year	+45.26%	-97.80%
5 years(CAGR)	+7.63%	-80.93%
10 years(CAGR)	+9.28%	-79.51%
Max(CAGR)	+9.64%	-71.88%

Winner

GEM

+2.53%

SOXS

-47.24%

Winner

GEM

+16.86%

SOXS

-89.51%

Winner

GEM

+23.85%

SOXS

-93.17%

Winner

GEM

+45.26%

SOXS

-97.80%

5Y(CAGR)

Winner

GEM

+7.63%

SOXS

-80.93%

10Y(CAGR)

Winner

GEM

+9.28%

SOXS

-79.51%

Max(CAGR)

Winner

GEM

+9.64%

SOXS

-71.88%

GEM vs SOXS - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	GEM	SOXS
2026	+20.01%	-92.53%
2025	+33.75%	-85.82%
2024	+7.92%	-64.99%
2023	+10.95%	-85.76%
2022	-21.72%	+22.70%
2021	-0.75%	-81.18%
2020	+11.23%	-92.44%
2019	+17.26%	-83.57%
2018	-15.62%	-12.94%
2017	+35.16%	-69.30%
2016	+12.61%	-74.03%
2015	+2.95%	-25.17%
2014	N/A	-65.79%
2013	N/A	-67.79%
2012	N/A	-39.67%
2011	N/A	-25.57%
2010	N/A	-61.20%

GEM vs SOXS Drawdown Comparison

The maximum drawdown for GEM was -37.01%, occurring on Mar 23, 2020. Recovery took 720 trading sessions.

The maximum drawdown for SOXS was -100.00%, occurring on Jun 22, 2026. This drawdown has not yet recovered.

The current GEM drawdown is -5.43%. The current SOXS drawdown is -100.00%.

Rank	GEM	SOXS
#1	-37.01% Jan 26, 2018 - Dec 4, 2020	-100.00% Aug 31, 2010 - Jun 22, 2026
#2	-36.24% Feb 17, 2021 - Jul 16, 2025	-37.46% Mar 15, 2010 - Aug 31, 2010
#3	-19.70% Oct 13, 2015 - Jul 14, 2016	N/A
#4	-13.50% Feb 25, 2026 - Apr 17, 2026	N/A
#5	-9.68% Sep 6, 2016 - Feb 9, 2017	N/A
#6	-8.52% Jun 2, 2026 - Jun 18, 2026	N/A
#7	-5.43% Jun 22, 2026 - Jun 23, 2026	N/A
#8	-5.20% Jan 21, 2021 - Feb 9, 2021	N/A
#9	-5.15% May 11, 2026 - May 26, 2026	N/A
#10	-5.13% Nov 22, 2017 - Dec 29, 2017	N/A
#11	-4.73% Oct 29, 2025 - Dec 30, 2025	N/A
#12	-4.25% Oct 6, 2025 - Oct 20, 2025	N/A
#13	-3.50% May 16, 2017 - Jun 8, 2017	N/A
#14	-3.47% Jan 28, 2026 - Feb 9, 2026	N/A
#15	-3.45% Aug 15, 2016 - Sep 6, 2016	N/A

Correlation

Correlation between GEM and SOXS is -0.53 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.53

-101

Dividend Comparison (2010 - 2026)

GEM vs SOXS dividend yield comparison.

Year	GEM	SOXS
2026	0.00%	8.12%
2025	2.30%	0.54%
2024	2.58%	0.19%
2023	2.97%	0.05%
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%
2011	0.00%	0.00%
2010	0.00%	0.00%