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DFEM vs GEM: Differences, Returns & Fees

DFEM and GEM hold 54% of their weight in the same names. Net assets: $9.0bn on Jul 31, 2026 for Dimensional Emerging Markets Core Equity 2 ETF, and $1.8bn on Oct 8, 2026 for Goldman Sachs ActiveBeta Emerging Markets Equity ETF.

GEM costs 0.04 points a year less; their one-year returns differ by 0.5 points.

DFEM vs GEM: Differences, Returns & Fees
DFEMGEM
Expense ratio0.39%0.35%
Net assets, DFEM as of Jul 31, 2026 and GEM as of Oct 8, 2026$9.0bn$1.8bn
Total return, 1 year+26.1%+26.6%
What it tracksNo index, actively managedGoldman Sachs ActiveBeta Emerging Markets Equity Index
Holdings in common54%
Top ten holdings, share of the fund24.3%36.9%
Below its high4.3%, high on Jun 22, 20265.9%, high on Jun 22, 2026

Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.

+26.1%
DFEM total return, 1 year
+26.6%
GEM total return, 1 year
0.39%
DFEM expense ratio
0.35%
GEM expense ratio

What they hold in common

By the books each fund has filed, DFEM and GEM hold 54% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Jul 31, 2026.

half

54% in common

Positions both hold, largest shared weight first
Holding DFEM GEM
Taiwan Semiconductor Manufacturing Company Limited 10.26% 14.33%
Samsung Electronics Co., Ltd. 4.40% 7.54%
SK hynix Inc. 4.25% 5.89%
Tencent Holdings Limited 1.95% 2.59%
Alibaba Group Holding Limited 0.82% 1.82%
CHINA CONSTRUCTION BANK CORPORATION 0.75% 0.71%
HON HAI PRECISION INDUSTRY CO., LTD. 0.46% 0.52%
MediaTek Inc. 0.41% 1.53%
SAMSUNG ELECTRO-MECHANICS CO.,LTD 0.37% 0.72%
DELTA ELECTRONICS, INC. 0.36% 0.99%
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED 0.35% 0.33%
ELITE MATERIAL CO., LTD. 0.32% 0.34%
Only in DFEM
ICICI BANK LIMITED 0.45%
Samsung Electronics Co., Ltd. 0.42%
HDFC BANK LIMITED 0.41%
VALE S.A. 0.33%
Kinsus Interconnect Technology Corp 0.29%
TAIWAN UNION TECHNOLOGY CORPORATION 0.23%
KB Financial Group Inc. 0.21%
Petroleo Brasileiro S.A. (Petrobras) 0.20%
Only in GEM
SAMSUNG ELECTRONICS CO LTD 0.83%
ISHARES INC 0.56%
DELTA ELECTRONICS (THAILAND) PCL 0.30%
SK SQUARE CO LTD 0.29%
COMMERCIAL INTERNATIONAL BANK EGYPT SAE 0.26%
SAMSUNG C&T CORP 0.21%
HYUNDAI MOBIS COMPANY LTD 0.20%
KIA CORP 0.19%

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On the same fields

DFEM
Dimensional Emerging Markets Core Equity 2 ETF
GEM
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
Where it sits Stock ETF Stock ETF
Issuer Dimensional Goldman Sachs
What it is Actively managed Tracks an index
Total return, 1 year +26.1% +26.6%
Expense ratio 0.39% 0.35%
Already in the S&P 500 0.0% 0.0%
Holdings 6672 743
Net assets, DFEM as of Jul 31, 2026 and GEM as of Oct 8, 2026 $9.0bn $1.8bn

DFEM and GEM on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About DFEM

DFEM is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +26.1% with distributions reinvested. The prospectus expense ratio is 0.39% a year. By its holdings filed for Jul 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 6,672 positions, with the top ten at 24.3%. It sat 4.3% below its high of Jun 22, 2026 on Oct 9, 2026.

About GEM

GEM tracks an index. Over the year to Oct 9, 2026 it returned +26.6% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 743 positions, with the top ten at 36.9%. It sat 5.9% below its high of Jun 22, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, DFEM or GEM?
In the year to Oct 9, 2026, with distributions reinvested, DFEM returned +26.1% and GEM +26.6%.
Which is cheaper, DFEM or GEM?
GEM is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DFEM and GEM overlap with the S&P 500?
By their latest filed holdings, 0% of DFEM and 0% of GEM by weight is stocks the S&P 500 already holds.
Other comparisons
DFEM vs JEMADFEM vs DGSDFEM vs EMGFDFEM vs DFEVGEM vs JHEMGEM vs VWOGEM vs IEMGESGE vs GEM
DFEM on its own →GEM on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
DFEM filings on SEC EDGAR ↗DFEM prospectus with the expense ratio (SEC) ↗Dimensional website ↗GEM filings on SEC EDGAR ↗GEM prospectus with the expense ratio (SEC) ↗Goldman Sachs website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, DFEM against GEM, data as of Oct 9, 2026. https://etfiq.com/compare/any/dfem-vs-gem

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.