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GEM vs SCHE: Differences, Returns & Fees

GEM and SCHE hold 58% 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 $12.7bn on May 31, 2026 for Schwab Emerging Markets Equity ETF.

SCHE costs 0.29 points a year less; their one-year returns differ by 14.0 points; SCHE is 7.6 times larger.

GEMSCHE
Expense ratio0.35%0.06%
Net assets, as of May 31, 2026$1.7bn$12.7bn
Total return, 1 year+26.6%+12.6%
What it tracksGoldman Sachs ActiveBeta Emerging Markets Equity IndexFTSE Emerging Index
Holdings in common58%
Top ten holdings, share of the fund36.9%30.3%
Below its high5.9%, high on Jun 22, 2026

Holdings in common uses holdings dated May 31, 2026.

+26.6%
GEM total return, 1 year
+12.6%
SCHE total return, 1 year
0.35%
GEM expense ratio
0.06%
SCHE expense ratio

What they hold in common

By the books each fund has filed, GEM and SCHE hold 58% 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.

half

58% in common

Positions both hold, largest shared weight first
Holding GEM SCHE
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD 14.33% 17.05%
TENCENT HOLDINGS LTD 2.59% 3.15%
ALIBABA GROUP HOLDING LTD 1.82% 2.57%
MEDIATEK INC 1.53% 1.88%
DELTA ELECTRONICS INC 0.99% 1.40%
CHINA CONSTRUCTION BANK CORP 0.71% 0.88%
HON HAI PRECISION INDUSTRY COMPANY LTD 0.52% 1.04%
HDFC BANK LTD 0.50% 0.83%
ICICI BANK LTD 0.44% 0.65%
RELIANCE INDUSTRIES LTD 0.41% 0.88%
ITAU UNIBANCO HOLDING SA 0.37% 0.41%
PDD HOLDINGS INC 0.34% 0.60%
Only in GEM
SAMSUNG ELECTRONICS CO LTD 7.54%
SK HYNIX INC 5.89%
SAMSUNG ELECTRONICS CO LTD 0.83%
SAMSUNG ELECTRO MECHANICS 0.72%
ISHARES INC 0.56%
LG ELECTRONICS INC 0.51%
SK SQUARE CO LTD 0.29%
COMMERCIAL INTERNATIONAL BANK EGYPT SAE 0.26%
Only in SCHE
Malayan Banking Bhd 0.19%
Hindustan Unilever Ltd 0.19%
Public Bank Bhd 0.16%
Tenaga Nasional Bhd 0.15%
Winbond Electronics Corp 0.15%
CIMB Group Holdings Bhd 0.14%
Wistron Corp 0.14%
Adani Ports & Special Economic Zone Ltd 0.14%

Check overlap with more funds →

On the same fields

GEM
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
SCHE
Schwab Emerging Markets Equity ETF
Where it sits Stock ETF Stock ETF
Issuer Goldman Sachs Schwab
What it is Tracks an index Tracks an index
Total return, 1 year +26.6% +12.6%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 +9.4 pts −4.7 pts
Expense ratio 0.35% 0.06%
Already in the S&P 500 0.0% 0.0%
Holdings 743 2178
Net assets, GEM as of Oct 8, 2026 and SCHE as of May 31, 2026 $1.8bn $12.7bn

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

GEM in plain words

GEM tracks an index. Over the year to Oct 9, 2026 it returned +26.6% with distributions reinvested, against +17.3% for the S&P 500. 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.

SCHE in plain words

SCHE tracks an index. Over the year to Oct 9, 2026 it returned +12.6% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.06% 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 2,178 positions, with the top ten at 30.3%.

Questions people ask

Which returned more over the last year, GEM or SCHE?
In the year to Oct 9, 2026, with distributions reinvested, GEM returned +26.6% and SCHE +12.6%.
Which is cheaper, GEM or SCHE?
SCHE is cheaper, by 0.29 percentage points a year. That is about $29 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do GEM and SCHE overlap with the S&P 500?
By their latest filed holdings, 0% of GEM and 0% of SCHE by weight is stocks the S&P 500 already holds.
Other comparisons
DFAE vs GEMGEM vs SPEMDFEM vs GEMAVEM vs GEMAVES vs SCHEJEMA vs SCHEDGS vs SCHEDFEV vs SCHE
GEM on its own →SCHE 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 ↗SCHE filings on SEC EDGAR ↗SCHE prospectus with the expense ratio (SEC) ↗Schwab 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, GEM against SCHE, data as of Oct 9, 2026. https://etfiq.com/compare/any/gem-vs-sche

Open data

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