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GEM vs IEMG: Differences, Returns & Fees

GEM and IEMG hold 60% of their weight in the same names, and GEM returned +26.6% over the year. Net assets: $1.8bn on Oct 8, 2026 for Goldman Sachs ActiveBeta Emerging Markets Equity ETF, and $160.2bn on Oct 9, 2026 for iShares Core MSCI Emerging Markets ETF.

IEMG costs 0.26 points a year less; their one-year returns differ by 1.3 points; IEMG is far larger, $158.8bn against $1.8bn.

GEM vs IEMG: Differences, Returns & Fees
GEMIEMG
Expense ratio0.35%0.09%
Net assets, as of Oct 8, 2026$1.8bn$158.8bn
Total return, 1 year+26.6%+25.3%
What it tracksGoldman Sachs ActiveBeta Emerging Markets Equity IndexMSCI Emerging Markets Investable Market Index (IMI)
Holdings in common60%
Top ten holdings, share of the fund36.9%34.0%
Below its high5.9%, high on Jun 22, 20265.3%, high on Jun 22, 2026

Holdings in common uses holdings dated May 31, 2026 and Oct 9, 2026.

+26.6%
GEM total return, 1 year
+25.3%
IEMG total return, 1 year
0.35%
GEM expense ratio
0.09%
IEMG expense ratio

What they hold in common

By the books each fund has filed, GEM and IEMG hold 60% 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 Oct 9, 2026.

half

60% in common

Positions both hold, largest shared weight first
Holding GEM IEMG
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD 14.33% 14.01%
SAMSUNG ELECTRONICS CO LTD 7.54% 6.50%
SK HYNIX INC 5.89% 4.93%
TENCENT HOLDINGS LTD 2.59% 2.37%
ALIBABA GROUP HOLDING LTD 1.82% 1.63%
MEDIATEK INC 1.53% 1.51%
DELTA ELECTRONICS INC 0.99% 0.85%
HON HAI PRECISION INDUSTRY COMPANY LTD 0.52% 0.68%
HDFC BANK LTD 0.50% 0.60%
SAMSUNG ELECTRO MECHANICS 0.72% 0.46%
ICICI BANK LTD 0.44% 0.52%
RELIANCE INDUSTRIES LTD 0.41% 0.50%
Only in GEM
SAMSUNG ELECTRONICS CO LTD 0.83%
ISHARES INC 0.56%
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD (THE) 0.33%
VALE SA 0.32%
UNITED MICROELECTRONICS CORP 0.30%
DELTA ELECTRONICS (THAILAND) PCL 0.30%
MEITUAN LLC 0.27%
SUZHOU TFC OPTICAL COMMUNICATION CO LTD 0.26%
Only in IEMG
SAMSUNG ELECTRONICS NON VOTING PRE 0.82%
CHINA CONSTRUCTION BANK CORP H 0.74%
INDUSTRIAL AND COMMERCIAL BANK OF 0.44%
ITAU UNIBANCO HOLDING PREF SA 0.39%
BANK OF CHINA LTD H 0.37%
PETROLEO BRASILEIRO PREF SA 0.37%
UNITED MICRO ELECTRONICS CORP 0.37%
CIA VALE DO RIO DOCE SH 0.35%

Check overlap with more funds →

On the same fields

GEM
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
IEMG
iShares Core MSCI Emerging Markets ETF
Where it sits Stock ETF Stock ETF
Issuer Goldman Sachs iShares
What it is Tracks an index Tracks the MSCI Emerging Markets
Total return, 1 year +26.6% +25.3%
Expense ratio 0.35% 0.09%
Already in the S&P 500 0.0% 0.0%
Holdings 743 2869
Net assets, GEM as of Oct 8, 2026 and IEMG as of Oct 9, 2026 $1.8bn $160.2bn

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

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.

About IEMG

IEMG tracks the MSCI Emerging Markets. Over the year to Oct 9, 2026 it returned +25.3% with distributions reinvested. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 9, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,869 positions, with the top ten at 34.0%. It sat 5.3% below its high of Jun 22, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, GEM or IEMG?
In the year to Oct 9, 2026, with distributions reinvested, GEM returned +26.6% and IEMG +25.3%.
Which is cheaper, GEM or IEMG?
IEMG is cheaper, by 0.26 percentage points a year. That is about $26 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do GEM and IEMG overlap with the S&P 500?
By their latest filed holdings, 0% of GEM and 0% of IEMG by weight is stocks the S&P 500 already holds.
Other comparisons
GEM vs VWODFEV vs GEMAVES vs GEMDVYE vs GEMIEMG vs JEMADGS vs IEMGDFEV vs IEMGAVES vs IEMG
GEM on its own →IEMG on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
GEM filings on SEC EDGAR ↗GEM prospectus with the expense ratio (SEC) ↗Goldman Sachs website ↗IEMG filings on SEC EDGAR ↗IEMG prospectus with the expense ratio (SEC) ↗iShares page for IEMG ↗

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

Open data

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