GEM vs SPGM
Comparison between GOLDMAN SACHS ACTIVEBETA(R) EMERGING MARKETS EQUITY ETF (GEM, ETF) and STATE STREET(R) SPDR(R) PORTFOLIO MSCI GLOBAL STOCK MARKET ETF (SPGM, ETF).
5-Year PerformanceSPGM has outperformed GEM, delivering a return of +11.5% compared to +7.8%
GEM vs SPGM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GEM
$1.70B
Winner
SPGM
$1.80B
Expense Ratio
GEM
0.35%
Winner
SPGM
0.09%
Max Drawdown
GEM
40.21%
Winner
SPGM
33.97%
Sharpe Ratio
GEM
1.22
Winner
SPGM
1.52
5Y Beta
Winner
GEM
0.86
SPGM
0.91
P/E Ratio
GEM
N/A
SPGM
26.13
Forward P/E
GEM
N/A
SPGM
19.82
5Y Dividends CAGR
Winner
GEM
18.99%
SPGM
13.19%
5Y EPS CAGR
GEM
N/A
SPGM
24.24%
P/S Ratio
GEM
N/A
SPGM
0.20
P/B Ratio
GEM
N/A
SPGM
4.83
GEM vs SPGM - Holdings Comparison
GEM and SPGM have 8 common holdings. Overlap is 0.30%
GEM's top 25 holdings weight is 46.06%. SPGM's top 25 holdings weight is 29.28%.
| Rank | GEM | SPGM |
|---|---|---|
| #1 | n/a (n/a) - 13.46% | NVIDIA CORP (NVDA) - 4.15% |
| #2 | SAMSUNG ELECTRONICS CO LTD (n/a) - 6.01% | APPLE INC (AAPL) - 3.64% |
| #3 | SK HYNIX INC (n/a) - 4.48% | MICROSOFT CORP (MSFT) - 2.61% |
| #4 | GOLDMAN SACHS FS TREASURY OBLIGS INSTL (FTOXX) - 4.40% | AMAZON.COM INC (AMZN) - 1.85% |
| #5 | n/a (n/a) - 4.34% | ALPHABET INC CLASS A (GOOGL) - 1.53% |
| #6 | TENCENT HOLDINGS LTD (n/a) - 2.64% | ALPHABET INC CLASS C (GOOG) - 1.52% |
| #7 | n/a (n/a) - 1.69% | BROADCOM INC (AVGO) - 1.40% |
| #8 | MEDIATEK INC (n/a) - 1.31% | n/a (TSM) - 1.38% |
| #9 | n/a (n/a) - 0.73% | META PLATFORMS INC CLASS A (META) - 1.29% |
| #10 | DELTA ELECTRONICS INC (n/a) - 0.73% | TESLA INC (TSLA) - 1.06% |
| #11 | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.71% | JPMORGAN CHASE & CO (JPM) - 0.90% |
| #12 | ISHARES MSCI MALAYSIA ETF (EWM) - 0.53% | EXXON MOBIL CORP (XOM) - 0.80% |
| #13 | HDFC BANK LTD (n/a) - 0.50% | ELI LILLY AND CO (LLY) - 0.70% |
| #14 | ICICI BANK LTD (n/a) - 0.49% | SAMSUNG ELECTRONICS CO LTD DR (SSNHZ) - 0.66% |
| #15 | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.47% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.63% |
| #16 | SAMSUNG ELECTRO-MECHANICS CO LTD (n/a) - 0.46% | VISA INC CLASS A (V) - 0.58% |
| #17 | RELIANCE INDUSTRIES LTD (n/a) - 0.39% | ASML HOLDING NV (n/a) - 0.56% |
| #18 | n/a (n/a) - 0.39% | CHEVRON CORP (CVX) - 0.53% |
| #19 | n/a (n/a) - 0.37% | COSTCO WHOLESALE CORP (COST) - 0.52% |
| #20 | OTP BANK PLC (n/a) - 0.36% | WALMART INC (WMT) - 0.51% |
| #21 | PDD HOLDINGS INC ADR (PDD) - 0.34% | JOHNSON & JOHNSON (JNJ) - 0.51% |
| #22 | ELITE MATERIAL CO LTD (n/a) - 0.32% | CHUBB LTD (CB) - 0.50% |
| #23 | LG ELECTRONICS INC (n/a) - 0.32% | TENCENT HOLDINGS LTD (n/a) - 0.50% |
| #24 | XIAOMI CORP CLASS B (n/a) - 0.31% | NESTLE SA (n/a) - 0.50% |
| #25 | BANK OF CHINA LTD CLASS H (n/a) - 0.31% | CATERPILLAR INC (CAT) - 0.45% |
| Total Holdings | 672 | 2333 |
GEM vs SPGM - Historical Returns
Returns include dividend reinvestment.
1M
GEM
-3.50%
Winner
SPGM
+1.51%
3M
GEM
-2.54%
Winner
SPGM
+3.54%
6M
GEM
+8.67%
Winner
SPGM
+10.24%
1Y
Winner
GEM
+34.54%
SPGM
+26.34%
5Y(CAGR)
GEM
+7.84%
Winner
SPGM
+11.54%
10Y(CAGR)
GEM
+8.42%
Winner
SPGM
+12.75%
Max(CAGR)
GEM
+9.25%
Winner
SPGM
+11.42%
GEM vs SPGM - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | GEM | SPGM |
|---|---|---|
| 2026 | +16.69% | +13.82% |
| 2025 | +33.75% | +23.70% |
| 2024 | +7.92% | +17.65% |
| 2023 | +10.95% | +21.33% |
| 2022 | -21.72% | -17.95% |
| 2021 | -0.75% | +20.77% |
| 2020 | +11.23% | +14.24% |
| 2019 | +17.26% | +26.23% |
| 2018 | -15.62% | -10.47% |
| 2017 | +35.16% | +22.11% |
| 2016 | +12.61% | +10.39% |
| 2015 | +2.95% | -2.10% |
| 2014 | N/A | +11.58% |
| 2013 | N/A | +20.65% |
| 2012 | N/A | +1.33% |
GEM vs SPGM Drawdown Comparison
The maximum drawdown for GEM was -37.01%, occurring on Mar 23, 2020. Recovery took 720 trading sessions.
The maximum drawdown for SPGM was -33.97%, occurring on Mar 23, 2020. Recovery took 134 trading sessions.
The current GEM drawdown is -8.05%. The current SPGM drawdown is -0.29%.
| Rank | GEM | SPGM |
|---|---|---|
| #1 | -37.01% Jan 26, 2018 - Dec 4, 2020 | -33.97% Feb 12, 2020 - Aug 24, 2020 |
| #2 | -36.24% Feb 17, 2021 - Jul 16, 2025 | -25.92% Jan 4, 2022 - Jan 25, 2024 |
| #3 | -19.70% Oct 13, 2015 - Jul 14, 2016 | -21.99% Jun 18, 2015 - Jan 24, 2017 |
| #4 | -13.50% Feb 25, 2026 - Apr 17, 2026 | -19.40% Jan 26, 2018 - Oct 24, 2019 |
| #5 | -13.35% Jun 22, 2026 - Jul 29, 2026 | -16.90% Feb 18, 2025 - Jun 2, 2025 |
| #6 | -9.68% Sep 6, 2016 - Feb 9, 2017 | -13.83% Jul 10, 2014 - Dec 3, 2014 |
| #7 | -8.52% Jun 2, 2026 - Jun 18, 2026 | -11.87% Mar 19, 2012 - Sep 13, 2012 |
| #8 | -5.20% Jan 21, 2021 - Feb 9, 2021 | -9.50% Feb 25, 2026 - Apr 15, 2026 |
| #9 | -5.15% May 11, 2026 - May 26, 2026 | -8.97% Dec 16, 2013 - May 27, 2014 |
| #10 | -5.13% Nov 22, 2017 - Dec 29, 2017 | -8.55% Jul 16, 2024 - Aug 30, 2024 |
| #11 | -4.73% Oct 29, 2025 - Dec 30, 2025 | -8.37% May 21, 2013 - Aug 8, 2013 |
| #12 | -4.25% Oct 6, 2025 - Oct 20, 2025 | -7.49% Sep 2, 2020 - Nov 9, 2020 |
| #13 | -3.50% May 16, 2017 - Jun 8, 2017 | -6.08% Sep 17, 2012 - Dec 18, 2012 |
| #14 | -3.47% Jan 28, 2026 - Feb 9, 2026 | -5.52% Sep 3, 2021 - Oct 25, 2021 |
| #15 | -3.45% Aug 15, 2016 - Sep 6, 2016 | -5.28% Nov 8, 2021 - Jan 4, 2022 |
Correlation
Correlation between GEM and SPGM is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.
0.90
-101
Dividend Comparison (2012 - 2026)
GEM vs SPGM dividend yield comparison.
| Year | GEM | SPGM |
|---|---|---|
| 2026 | 0.00% | 0.76% |
| 2025 | 2.30% | 1.89% |
| 2024 | 2.58% | 1.98% |
| 2023 | 2.97% | 2.09% |
| 2022 | 2.96% | 2.37% |
| 2021 | 3.00% | 1.94% |
| 2020 | 1.63% | 1.45% |
| 2019 | 3.13% | 2.46% |
| 2018 | 2.08% | 1.89% |
| 2017 | 1.81% | 2.29% |
| 2016 | 1.98% | 1.87% |
| 2015 | 0.25% | 3.70% |
| 2014 | 0.00% | 2.18% |
| 2013 | 0.00% | 1.75% |
| 2012 | 0.00% | 2.26% |
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