GEM Performance — Goldman Sachs ActiveBeta(R) Emerging Markets Equity ETF
Data updated: 2026-09-18
GEM returned +24.84% year to date and +51.97% over one year to May 2026. Annualised returns are +24.20% over 3 years and +7.85% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $192, against $186 for the category, and to $152 over one year, against $149. Volatility over the past three years was 16.90% a year. In the 12 months to May 2026 the fund took in a net $226.5M, and assets reached $1.67B.
GEM Growth of $100
What $100 invested in Goldman Sachs ActiveBeta(R) Emerging Markets Equity ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | GEM | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $152 | $149 |
| 3 years (Jun 2023 – May 2026) | $192 | $186 |
| 5 years (Jun 2021 – May 2026) | $146 | $145 |
| Since data start (Sep 2019 – May 2026) | $198 | $202 |
GEM Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +24.84% |
| 1 year | +51.97% |
| 3 years (annualised) | +24.20% |
| 5 years (annualised) | +7.85% |
GEM Annual Returns
Calendar-year total returns of Goldman Sachs ActiveBeta(R) Emerging Markets Equity ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +24.84% |
| 2025 | +31.98% |
| 2024 | +6.93% |
| 2023 | +11.26% |
| 2022 | −20.46% |
| 2021 | −0.21% |
| 2020 | +13.27% |
| 2019 (Sep–Dec) | +12.54% |
GEM Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +9.0% | +5.6% | −12.9% | +13.7% | +9.7% | — | — | — | — | — | — | — |
| 2025 | +1.8% | −0.1% | +0.5% | +1.5% | +4.5% | +6.1% | +1.8% | +1.6% | +5.7% | +3.8% | −2.0% | +3.1% |
| 2024 | −4.3% | +4.8% | +1.3% | +0.5% | +0.7% | +3.5% | +0.3% | +1.2% | +6.2% | −4.3% | −2.8% | 0.0% |
| 2023 | +7.3% | −5.2% | +2.9% | −0.2% | −2.0% | +3.5% | +5.3% | −5.6% | −1.7% | −3.6% | +7.4% | +3.7% |
| 2022 | −2.3% | −2.9% | −1.5% | −6.1% | +0.4% | −7.4% | −0.2% | −0.6% | −10.5% | −2.4% | +13.7% | −1.1% |
| 2021 | +2.1% | +0.6% | −0.1% | +2.7% | +1.2% | +0.8% | −5.8% | +2.3% | −3.8% | +0.5% | −3.6% | +3.3% |
| 2020 | −4.3% | −5.9% | −15.1% | +9.3% | +0.6% | +5.9% | +8.3% | +1.0% | −1.1% | +1.2% | +8.1% | +7.6% |
| 2019 | — | — | — | — | — | — | — | — | +2.2% | +4.0% | −1.0% | +7.0% |
GEM Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 16.90%
- 3-year Sharpe ratio: 1.17 (vs 4.5% risk-free rate)
- Best month: +13.67% (Apr 2026)
- Worst month: −12.95% (Mar 2026)
GEM Fund Flows
Monthly money in and out of Goldman Sachs ActiveBeta(R) Emerging Markets Equity ETF, from SEC Form N-PORT.
- 12-month net flow: $226.5M
- 12-month gross sales (incl. reinvestments): $252.8M
- Sales ÷ redemptions: 9.60×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $7.6M | $1K | $7.6M |
| Apr 2026 | $99.7M | $0 | $99.7M |
| Mar 2026 | $6.4M | $26.3M | −$19.9M |
| Feb 2026 | $52.1M | $116 | $52.1M |
| Jan 2026 | $32.9M | $30K | $32.9M |
| Dec 2025 | $18.7M | $0 | $18.7M |
| Nov 2025 | $12.4M | $0 | $12.4M |
| Oct 2025 | $5K | $0 | $5K |
| Sep 2025 | $12.1M | $0 | $12.1M |
| Aug 2025 | $0 | $0 | $0 |
| Jul 2025 | $0 | $0 | $0 |
| Jun 2025 | $10.8M | $0 | $10.8M |
GEM Assets Under Management
Net assets of Goldman Sachs ActiveBeta(R) Emerging Markets Equity ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.67B |
| 2026-02-28 | $1.46B |
| 2025-11-30 | $1.16B |
| 2025-08-31 | $1.06B |
| 2025-05-31 | $954.34M |
| 2025-02-28 | $861.18M |
| 2024-11-30 | $892.57M |
| 2024-08-31 | $942.66M |
| 2024-05-31 | $944.85M |
| 2024-02-29 | $944.67M |
| 2023-11-30 | $953.09M |
| 2023-08-31 | $969.63M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.