GEM vs VCEB

Comparison between Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM, ETF) and VANGUARD ESG U.S. CORPORATE BOND ETF ETF SHARES (VCEB, ETF).

5-Year PerformanceGEM has outperformed VCEB, delivering a return of +7.6% compared to +0.6%

GEM vs VCEB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GEM(ETF)	VCEB(ETF)
Net Assets	$1.20B	$1.20B
Expense Ratio	0.35%	0.12%
Max Drawdown	40.21%	24.44%
Sharpe Ratio	2.29	0.51
5Y Beta	0.77	0.10
5Y Dividends CAGR	18.99%	39.57%

Net Assets

GEM

$1.20B

VCEB

$1.20B

Expense Ratio

GEM

0.35%

Winner

VCEB

0.12%

Max Drawdown

GEM

40.21%

Winner

VCEB

24.44%

Sharpe Ratio

Winner

GEM

2.29

VCEB

0.51

5Y Beta

GEM

0.77

Winner

VCEB

0.10

5Y Dividends CAGR

GEM

18.99%

Winner

VCEB

39.57%

GEM vs VCEB - Historical Returns

Returns include dividend reinvestment.

Period	GEM	VCEB
1 month	+11.59%	+0.11%
3 months	+11.32%	-0.19%
6 months	+25.95%	+0.80%
1 year	+55.06%	+6.07%
5 years(CAGR)	+7.59%	+0.61%
10 years(CAGR)	+10.10%	N/A
Max(CAGR)	+9.81%	+0.35%

Winner

GEM

+11.59%

VCEB

+0.11%

Winner

GEM

+11.32%

VCEB

-0.19%

Winner

GEM

+25.95%

VCEB

+0.80%

Winner

GEM

+55.06%

VCEB

+6.07%

5Y(CAGR)

Winner

GEM

+7.59%

VCEB

+0.61%

10Y(CAGR)

GEM

+10.10%

VCEB

N/A

Max(CAGR)

Winner

GEM

+9.81%

VCEB

+0.35%

GEM vs VCEB - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	GEM	VCEB
2026	+20.54%	+0.45%
2025	+33.75%	+7.51%
2024	+7.92%	+2.80%
2023	+10.95%	+8.06%
2022	-21.72%	-14.42%
2021	-0.75%	-1.47%
2020	+11.23%	+2.46%
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 VCEB Drawdown Comparison

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

The maximum drawdown for VCEB was -21.60%, occurring on Oct 20, 2022. Recovery took 1284 trading sessions.

The current VCEB drawdown is -0.99%.

Rank	GEM	VCEB
#1	-37.01% Jan 26, 2018 - Dec 4, 2020	-21.60% Dec 31, 2020 - Feb 12, 2026
#2	-36.24% Feb 17, 2021 - Jul 16, 2025	-2.82% Feb 26, 2026 - Mar 27, 2026
#3	-19.70% Oct 13, 2015 - Jul 14, 2016	-1.08% Nov 30, 2020 - Dec 30, 2020
#4	-13.50% Feb 25, 2026 - Apr 17, 2026	-1.06% Nov 5, 2020 - Nov 18, 2020
#5	-9.68% Sep 6, 2016 - Feb 9, 2017	-1.01% Oct 14, 2020 - Nov 4, 2020
#6	-5.20% Jan 21, 2021 - Feb 9, 2021	-0.41% Oct 1, 2020 - Oct 12, 2020
#7	-5.13% Nov 22, 2017 - Dec 29, 2017	-0.19% Nov 19, 2020 - Nov 27, 2020
#8	-4.73% Oct 29, 2025 - Dec 30, 2025	-0.12% Feb 20, 2026 - Feb 26, 2026
#9	-4.25% Oct 6, 2025 - Oct 20, 2025	-0.11% Sep 24, 2020 - Sep 28, 2020
#10	-3.50% May 16, 2017 - Jun 8, 2017	-0.07% Feb 13, 2026 - Feb 19, 2026
#11	-3.47% Jan 28, 2026 - Feb 9, 2026	-0.05% Sep 28, 2020 - Oct 1, 2020
#12	-3.45% Aug 15, 2016 - Sep 6, 2016	N/A
#13	-3.33% Sep 19, 2017 - Oct 5, 2017	N/A
#14	-3.27% Jul 23, 2025 - Aug 12, 2025	N/A
#15	-3.20% Feb 22, 2017 - Mar 15, 2017	N/A

Correlation

Correlation between GEM and VCEB is 0.78 which considered as a strong positive correlation - the stocks tend to move together.

0.78

-101

Dividend Comparison (2015 - 2026)

GEM vs VCEB dividend yield comparison.

Year	GEM	VCEB
2026	0.00%	1.54%
2025	2.30%	4.57%
2024	2.58%	4.47%
2023	2.97%	3.70%
2022	2.96%	2.84%
2021	3.00%	1.69%
2020	1.63%	0.43%
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%