GEMD vs SCHD
GEMD vs SCHD
Goldman Sachs Access Emerging Markets USD Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | GEMD | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.06% | |
| AUM | $36M | $103.7B | |
| Dividend Yield | 5.63% | 3.31% | |
| Holdings | 195 | 104 | |
| YTD Return | -1.72% | +24.26% | |
| 1Y Return | +3.02% | +31.38% | |
| 3Y Return (annualized) | +6.45% | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 10.1% | 13.6% | |
| Max Drawdown | -24.6% | -33.4% | |
| Fund Family | Goldman Sachs Asset Management | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Feb 15, 2022 | Oct 20, 2011 |
GEMD vs SCHD Performance
Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) is a ETF from Goldman Sachs Asset Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year GEMD returned +3.02% while SCHD returned +31.38%. Year to date, GEMD is down 1.72% versus a gain of 24.26% for SCHD.
Over three years, GEMD compounded at +6.45% per year against +15.08% for SCHD. Across the full 5-year window we track, SCHD has the edge at +11.39% annualized vs +1.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 10.1% for GEMD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -24.6% for GEMD and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GEMD charges 0.30% per year while SCHD charges 0.06%. On a $10,000 position that is $30 vs $6 annually, a gap of $24 per year that compounds over a long holding period. On income, GEMD currently yields 5.63% against 3.31% for SCHD.
Holdings Overlap
GEMD and SCHD share 0 holdings out of 192 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GEMD or SCHD?
GEMD has an expense ratio of 0.30% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, GEMD or SCHD?
Over the past year GEMD returned +3.02% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), GEMD annualized +1.11% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, GEMD or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 10.1% for GEMD. Worst drawdown: GEMD -24.6% vs SCHD -33.4%.
Should I hold both GEMD and SCHD?
GEMD and SCHD have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GEMD and SCHD?
GEMD and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 192 unique securities.
Which pays a higher dividend, GEMD or SCHD?
GEMD yields 5.63% while SCHD yields 3.31%, so GEMD currently pays the higher dividend yield.
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