GEMvsNUEMETF Comparison
ETF 1
GEM
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
This fund is part of
EM Large & Mid Cap
+1.56%
VS
Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) and NuShares ESG Emerging Markets Equity ETF (NUEM) belong to the same industry segment: EM Large & Mid Cap. Both ETFs have the same top 3 sector exposures: Technology, Finance and Non-Energy Materials. GEM is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.36% for NUEM. GEM is up 14.3% year-to-date (YTD) with +$312M in YTD flows. NUEM performs worse with 9.89% YTD performance, and +$100M in YTD flows. Run a side-by-side ETF comparison of GEM and NUEM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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GEM vs NUEM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GEM NUEM | -7.31%-8.49% | -3.22%-3.08% | +14.30%+9.89% | +14.75%+8.46% | +79.06%+68.34% | +40.43%+27.33% |
| Flows | GEM NUEM | +$28M+$55M | +$52M+$93M | +$312M+$100M | +$343M+$104M | +$224M+$108M | +$93M+$248M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GEM NUEM | +21.14%+21.78% | +23.27%+22.11% | +17.58%+17.51% | +16.78%+17.42% |
| Max drawdown | GEM NUEM | -10.29%-11.89% | -13.50%-12.67% | -14.73%-15.73% | -30.83%-33.02% |
| Max drawdown duration | GEM NUEM | 48d48d | 57d127d | 223d244d | 993d1298d |
Trading data
GEM | NUEM | |
Last sale 10/28/2026 at 1:30 PM | $48.58 | $39.89 |
| Previous close 10/27/2026 | $47.92 | $39.52 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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GEM | NUEM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
GEM | NUEM | |
|---|---|---|
| Last price | $48.58 | $39.89 |
| 1D performance | +1.38% | +0.94% |
| AuM | $1.67 B | $445.57 M |
| E/R | 0.59% | 0.36% |
Characteristics
GEM | NUEM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Goldman Sachs | Nuveen |
| Benchmark | Goldman Sachs ActiveBeta Emerging Markets Equity Index | MSCI TIAA ESG Emerging Markets Equity Index |
| N° of holdings | 697 | 177 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 25, 2015 | June 7, 2017 |
| ESG | No | Yes |
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Exposure
Countries
GEM
Taiwan
24.08%
Republic of Korea
18.43%
China
17.83%
India
9.88%
Other
29.78%
NUEM
Taiwan
28.79%
China
19.9%
Republic of Korea
19.4%
India
11.07%
Other
20.85%
Sectors
GEM
Technology
40.28%
Finance
19.88%
Other
39.85%
NUEM
Technology
41.14%
Finance
21.8%
Non-Energy Materi.
9.37%
Industrials
9.07%
Consumer Cyclical.
7.29%
Other
11.33%
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Diversification
GEM
Total weight of top 15 holdings out of 15
35.49%
NUEM
Total weight of top 15 holdings out of 15
46.69%
Top 15 holdings
Data as of August 31, 2026
GEM
Taiwan Semiconductor Manufacturing Co., Ltd.
13.94%
Samsung Electronics Co., Ltd.
6.54%
SK hynix, Inc.
4.36%
Tencent Holdings Ltd.
2.59%
Alibaba Group Holding Ltd.
1.68%
MediaTek, Inc.
1.32%
Samsung Electronics Co., Ltd.
0.84%
China Construction Bank Corp.
0.74%
Delta Electronics, Inc.
0.67%
US46434G8143
0.53%
ICICI Bank Ltd.
0.47%
Samsung Electro-Mechanics Co., Ltd.
0.47%
HDFC Bank Ltd.
0.47%
Hon Hai Precision Industry Co., Ltd.
0.46%
King Slide Works Co., Ltd.
0.39%
NUEM
Taiwan Semiconductor Manufacturing Co., Ltd.
16.28%
SK hynix, Inc.
6.81%
Tencent Holdings Ltd.
3.10%
Delta Electronics, Inc.
2.18%
China Construction Bank Corp.
2.00%
SK Square Co. Ltd.
1.84%
Samsung Electro-Mechanics Co., Ltd.
1.78%
United Microelectronics Corp.
1.73%
Industrial & Commercial Bank of China Ltd.
1.68%
Samsung SDI Co., Ltd.
1.67%
Asia Vital Components Co., Ltd.
1.64%
Cathay Financial Holdings Co., Ltd.
1.64%
King Slide Works Co., Ltd.
1.46%
Axis Bank Ltd.
1.45%
Lenovo Group Ltd.
1.43%
Frequently asked questions about GEM and NUEM
How have the GEM and NUEM ETFs performed in 2026?
As of October 27, 2026, GEM is up 14.3% year-to-date (YTD), while NUEM has returned 9.89%. That puts GEM better performer ahead so far this year.
Which ETF is attracting more investor money: GEM or NUEM?
Year-to-date, the GEM ETF saw +$312M in flows, compared to +$100M for NUEM.
Which ETF is more volatile: GEM or NUEM?
Over the past year, GEM had a volatility of 23.27%, while NUEM experienced 22.11%.
Which ETF is bigger: GEM or NUEM?
As of October 27, 2026, GEM holds $1.67 B in assets under management (AUM), while NUEM manages $445.57 M.
What sectors do the GEM and NUEM ETFs invest in?
GEM leans toward sectors like Technology and Finance. Meanwhile, NUEM focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the GEM ETF and NUEM ETF?
GEM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. NUEM holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., SK hynix, Inc. and Tencent Holdings Ltd..
Which ETF is more diversified: GEM or NUEM?
GEM holds 740 securities with 35.49% of its assets in the top 15. NUEM has 187 securities and a top 15 weight of 46.69%.
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