GEMD vs SPY
Goldman Sachs Access Emerging Markets USD Bond ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GEMD or SPY?
Emerging Markets Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GEMD | SPY |
|---|---|---|
| Expense Ratio | 0.30% | 0.09%Best |
| AUM | $35M | $804.7B |
| Dividend Yield | 5.76% | 0.98% |
| Holdings | 207 | 505 |
| YTD Return | -3.53% | +12.22%Best |
| 1Y Return | -1.29% | +16.97%Best |
| 3Y Return (annualized) | +6.36% | +21.16%Best |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 10.1%Best | 15.6% |
| Max Drawdown | -24.6% | -22.1%Best |
| $10,000 over 4.6 years | $10,317 | $18,590Best |
| Fund Family | Goldman Sachs Asset Management | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Emerging Markets Bond | Large Cap Blend |
| Inception | Feb 15, 2022 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Feb 17, 2022 to Sep 17, 2026 (4.6 years).
GEMD vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.6 years both funds cover.
GEMD vs SPY Performance
Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) is an ETF from Goldman Sachs Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GEMD returned -1.29% while SPY returned +16.97%. Year to date, GEMD is down 3.53% versus a gain of 12.22% for SPY.
Over three years, GEMD compounded at +6.36% per year against +21.16% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -22.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GEMD charges 0.30% per year while SPY charges 0.09%. On a $10,000 position that is $30 vs $9 annually, a gap of $21 per year that compounds over a long holding period. On income, GEMD currently yields 5.76% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 97 holdings in GEMD and 504 in SPY, totalling 47.4% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 97 positions we hold weights for in GEMD and 504 in SPY, against full books of 207 and 505.
You are not choosing between two funds in isolation.
Whichever of GEMD and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GEMD or SPY?
GEMD has an expense ratio of 0.30% while SPY charges 0.09%. SPY is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, GEMD or SPY?
Over the past year GEMD returned -1.29% vs +16.97% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GEMD or SPY?
SPY has been the more volatile fund at 15.6% annualized versus 10.1% for GEMD. Worst drawdown: GEMD -24.6% vs SPY -22.1%.
Should I hold both GEMD and SPY?
GEMD and SPY have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GEMD or SPY?
GEMD yields 5.76% while SPY yields 0.98%, so GEMD currently pays the higher dividend yield.
Is SPY better than GEMD?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.