GEMDvsEMHYETF Comparison
ETF 1
GEMD
Goldman Sachs Access Emerging Markets USD Bond ETF
This fund is part of
EM Government Bonds
-0.05%
VS
Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) belongs to the EM Government Bonds segment. iShares J.P. Morgan EM High Yield Bond ETF (EMHY) is part of the EM Aggregate Bonds segment. GEMD's top 3 sector exposures are Sovereign, Energy and Finance. In contrast, EMHY's top sector exposures are Sovereign, Finance and Energy. GEMD is less expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.5% for EMHY. GEMD is down -1.29% year-to-date (YTD) with +$2M in YTD flows. EMHY performs better with 1.09% YTD performance, and +$52M in YTD flows. Run a side-by-side ETF comparison of GEMD and EMHY 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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GEMD vs EMHY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GEMD EMHY | -1.05%-1.54% | -2.89%-2.26% | -1.29%+1.09% | +0.79%+4.36% | +28.25%+42.05% | n/a+24.24% |
| Flows | GEMD EMHY | --$39M | --$29M | +$2M+$52M | +$4M+$74M | -$20M+$216M | -+$169M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GEMD EMHY | +4.20%+3.72% | +4.16%+4.13% | +4.92%+4.49% | n/a+5.89% |
| Max drawdown | GEMD EMHY | -4.43%-3.62% | -5.13%-3.73% | -5.38%-4.91% | n/a-23.12% |
| Max drawdown duration | GEMD EMHY | 89d50d | 122d50d | 253d73d | n/a884d |
Trading data
GEMD | EMHY | |
Last sale 10/19/2026 at 1:30 PM | $39.90 | $38.55 |
| Previous close 10/16/2026 | $40.12 | $38.71 |
| Consolidated volume 10/16/2026 | ||
| 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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GEMD | EMHY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
GEMD | EMHY | |
|---|---|---|
| Last price | $39.90 | $38.55 |
| 1D performance | -0.55% | -0.41% |
| AuM | $34.19 M | $567.16 M |
| E/R | 0.3% | 0.5% |
Characteristics
GEMD | EMHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Goldman Sachs | iShares |
| Benchmark | FTSE Goldman Sachs Emerging Markets USD Bond Index | J.P. Morgan USD Emerging Markets High Yield Bond Index |
| N° of holdings | 148 | 675 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 15, 2022 | April 3, 2012 |
| ESG | No | No |
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Exposure
Countries
GEMD
Other
100%
EMHY
Other
100%
Sectors
GEMD
Sovereign
60.33%
Other
39.67%
EMHY
Sovereign
50.32%
Finance
16.63%
Energy
7.63%
Other
25.42%
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Diversification
GEMD
Total weight of top 15 holdings out of 15
14.29%
EMHY
Total weight of top 15 holdings out of 15
11.85%
Top 15 holdings
Data as of August 31, 2026
GEMD
Argentina, 4.125% 9jul2035, USD
1.40%
Indonesia, 4.65% 20sep2032, USD
1.12%
Brazil, 4.625% 13jan2028, USD
1.09%
Kenya, 8.25% 28feb2048, USD
1.08%
Uruguay, 4.375% 23jan2031, USD
1.04%
Peru, 8.75% 21nov2033, USD
0.99%
South Africa, 4.85% 30sep2029, USD
0.93%
Mexico, 4.5% 22apr2029, USD
0.93%
Argentina, 5% 9jan2038, USD
0.92%
Dominican Republic, 5.3% 21jan2041, USD
0.89%
Argentina, 3.5% 9jul2041, USD
0.85%
Argentina, 0.75% 9jul2030, USD
0.84%
Panama, 6.7% 26jan2036, USD (A)
0.82%
Chile, 4.95% 5jan2036, USD
0.70%
Sri Lanka, 3.35% 15mar2033, USD
0.69%
EMHY
BlackRock Cash Funds - Treasury
1.95%
ICBC, 3.2% perp., USD
1.30%
Ecuador, 6.9% 31jul2035, USD
1.22%
Argentina, 4.125% 9jul2035, USD
1.05%
Ghana, 5% 3jul2035, USD
0.92%
Argentina, 5% 9jan2038, USD
0.62%
Ecuador, 8.75% 29jan2034, USD
0.59%
Argentina, 0.75% 9jul2030, USD
0.58%
Ecuador, 5% 31jul2040, USD
0.55%
Ecuador, 9.25% 29jan2039, USD
0.54%
Argentina, 3.5% 9jul2041, USD
0.52%
Ghana, 5% 3jul2029, USD
0.52%
Pemex, 7.69% 23jan2050, USD
0.50%
Ukraine, 4% 1feb2032, USD
0.50%
Jamaica, 7.875% 28jul2045, USD
0.49%
Frequently asked questions about GEMD and EMHY
How have the GEMD and EMHY ETFs performed in 2026?
As of October 16, 2026, GEMD is down -1.29% year-to-date (YTD), while EMHY has returned 1.09%. That puts EMHY better performer ahead so far this year.
Which ETF is attracting more investor money: GEMD or EMHY?
Year-to-date, the GEMD ETF saw +$2M in flows, compared to +$52M for EMHY.
Which ETF is more volatile: GEMD or EMHY?
Over the past year, GEMD had a volatility of 4.16%, while EMHY experienced 4.13%.
Which ETF is bigger: GEMD or EMHY?
As of October 16, 2026, GEMD holds $34.19 M in assets under management (AUM), while EMHY manages $567.16 M.
What sectors do the GEMD and EMHY ETFs invest in?
GEMD leans toward sectors like Sovereign. Meanwhile, EMHY focuses on Sovereign, Finance and Energy.
What are the top holdings of the GEMD ETF and EMHY ETF?
GEMD top holdings include Argentina, 4.125% 9jul2035, USD, Indonesia, 4.65% 20sep2032, USD and Brazil, 4.625% 13jan2028, USD. EMHY holds in its top three: BlackRock Cash Funds - Treasury, ICBC, 3.2% perp., USD and Ecuador, 6.9% 31jul2035, USD.
Which ETF is more diversified: GEMD or EMHY?
GEMD holds 148 securities with 14.29% of its assets in the top 15. EMHY has 682 securities and a top 15 weight of 11.85%.
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