Which returned more over the last year, FRDM or GEM?

In the year to Nov 4, 2026, with distributions reinvested, FRDM returned +33.5% and GEM +15.7%.

Which is cheaper, FRDM or GEM?

GEM is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do FRDM and GEM overlap with the S&P 500?

By their latest filed holdings, 0% of FRDM and 0% of GEM by weight is stocks the S&P 500 already holds.

Data as of Nov 4, 2026.

Across categories

FRDM vs GEM: Differences, Returns & Fees

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Over the year to Nov 4, 2026, FRDM returned +33.5% to GEM's +15.7%; 30% of their weight is in the same names.

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Net assets: $3.6bn on Jun 30, 2026 for Freedom 100 Emerging Markets ETF, and $1.6bn on Nov 3, 2026 for Goldman Sachs ActiveBeta Emerging Markets Equity ETF.

FRDM on its own →GEM on its own →

At a glance

+33.5%

FRDM total return, 1 year

+15.7%

GEM total return, 1 year

0.49%

FRDM expense ratio

0.35%

GEM expense ratio

Pair scorecard

GEM costs 0.14 points a year less; their one-year returns differ by 17.8 points.

FRDM vs GEM: Differences, Returns & Fees
Measure	FRDM	GEM
Return
Measure	FRDM	GEM
Total return, 1 year	+33.5%	+15.7%
Drawdown
Measure	FRDM	GEM
Below its high	17.7%, high on Jun 22, 2026	12.9%, high on Jun 22, 2026
Benchmark
Measure	FRDM	GEM
What it tracks	not read by ETFIQ	Goldman Sachs ActiveBeta Emerging Markets Equity Index
Cost and size
Measure	FRDM	GEM
Expense ratio	0.49%	0.35%
Net assets, FRDM as of Jun 30, 2026 and GEM as of Nov 3, 2026	$3.6bn	$1.6bn
Holdings
Measure	FRDM	GEM
Holdings in common	30%
Top ten holdings, share of the fund	56.6%	34.8%

Method

What they share

30%

By the books each fund has filed, FRDM and GEM hold 30% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

30% in common

Positions both hold · largest shared weight first FRDM GEM

Taiwan Semiconductor Manufacturing Co Ltd 8.52% 14.54%

Samsung Electronics Co Ltd 13.07% 7.02%

SK hynix Inc 12.28% 4.52%

MediaTek Inc 5.46% 1.40%

Delta Electronics Inc 3.08% 0.76%

Hon Hai Precision Industry Co Ltd 2.50% 0.46%

United Microelectronics Corp 1.43% 0.30%

SK Square Co Ltd 1.25% 0.28%

Vale SA 2.65% 0.26%

ASE Technology Holding Co Ltd 1.51% 0.26%

Fubon Financial Holding Co Ltd 1.15% 0.24%

Grupo Financiero Banorte SAB de CV 0.38% 0.24%

Only in one fund ↓

Only in FRDM

Malayan Banking Bhd 1.67%

Public Bank Bhd 0.80%

Parque Arauco SA 0.70%

CD Projekt SA 0.69%

Alior Bank SA 0.68%

Cia de Saneamento Basico do Estado de Sao Paulo SABESP 0.66%

Benefit Systems SA 0.60%

Grupa Kety SA 0.60%

Only in GEM

TENCENT HOLDINGS LTD 2.69%

ALIBABA GROUP HOLDING LTD 1.67%

SAMSUNG ELECTRONICS CO LTD 0.92%

CHINA CONSTRUCTION BANK CORP 0.77%

ISHARES INC 0.54%

SAMSUNG ELECTRO MECHANICS 0.51%

ICICI BANK LTD 0.47%

HDFC BANK LTD 0.42%

Check overlap with more funds →

Side by side

FRDM Freedom 100 Emerging Markets ETF GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Where it sits Stock ETF Stock ETF

Issuer Life + Liberty Goldman Sachs

What it is Tracks an index Tracks an index

Total return, 1 year +33.5% +15.7%

Its benchmark over the same days +14.3% (GSEE) +15.0% (EEM)

Gap to its benchmark +19.2 pts vs GSEE +0.7 pts vs EEM

Expense ratio 0.49% 0.35%

Already in the S&P 500 0.0% 0.0%

Holdings 126 719

Net assets, FRDM as of Jun 30, 2026 and GEM as of Nov 3, 2026 $3.6bn $1.6bn

FRDM and GEM on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

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About each fund

FRDM

FRDM tracks an index. Over the year to Nov 4, 2026 it returned +33.5% with distributions reinvested, against +14.3% for its benchmark, the Solactive GBS Emerging Markets Large & Mid Cap Index. The prospectus expense ratio is 0.49% a year. By its holdings filed for Jun 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 126 positions, with the top ten at 56.6%. It sat 17.7% below its high of Jun 22, 2026 on Nov 4, 2026.

GEM

GEM tracks an index. Over the year to Nov 4, 2026 it returned +15.7% with distributions reinvested, against +15.0% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.35% a year. By its holdings filed for Aug 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 719 positions, with the top ten at 34.8%. It sat 12.9% below its high of Jun 22, 2026 on Nov 4, 2026.

Questions people ask

Which returned more over the last year, FRDM or GEM?: In the year to Nov 4, 2026, with distributions reinvested, FRDM returned +33.5% and GEM +15.7%.
Which is cheaper, FRDM or GEM?: GEM is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FRDM and GEM overlap with the S&P 500?: By their latest filed holdings, 0% of FRDM and 0% of GEM by weight is stocks the S&P 500 already holds.

Other comparisons

FRDM vs JEMA AVES vs FRDM DGS vs FRDM DFEV vs FRDM DEM vs GEM CGNG vs GEM GEM vs XSOE GEM vs XCEM

Where to next

FRDM on its own →GEM on its own →Hold both: look the portfolio through →Rankings →FRDM dividend history →FRDM holdings →GEM dividend history →GEM holdings →Standards and sources →

Sources and dates

FRDM filings on SEC EDGAR ↗

FRDM prospectus with the expense ratio (SEC) ↗

GEM filings on SEC EDGAR ↗

GEM prospectus with the expense ratio (SEC) ↗

Goldman Sachs website ↗

Links are sources, not endorsements. 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, FRDM against GEM, data as of Nov 4, 2026. https://etfiq.com/compare/any/frdm-vs-gem

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