GEM vs. DBEM ETF Comparison

Comparison of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) to db-X trackers MSCI Emerging Markets Hedged Equity Fund (DBEM)

GEM

Goldman Sachs ActiveBeta Emerging Markets Equity ETF

GEM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Emerging Markets Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to deliver exposure to equity securities of emerging market issuers.

Grade (RS Rating)

Last Trade

$33.16

Average Daily Volume

68,074

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DBEM

db-X trackers MSCI Emerging Markets Hedged Equity Fund

DBEM Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI EM US Dollar Hedged Index (the "underlying index"). The fund will normally invest at least 80% of its net assets in the equity securities of issuers from emerging markets countries and in instruments designed to hedge against the fund's exposure to non-U.S. currencies. The index is designed to provide exposure to equity securities in the global emerging markets, while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected emerging market currencies. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.39

Average Daily Volume

9,264

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GEM	DBEM
30 Days	-3.80%	-2.65%
60 Days	-1.37%	0.12%
90 Days	-1.13%	0.86%
12 Months	12.15%	14.73%

39 Overlapping Holdings

Symbol	Grade	Weight in GEM	Weight in DBEM	Overlap
ABEV	F	0.07%	0.11%	0.07%
ASAI	F	0.04%	0.09%	0.04%
ATHM	D	0.07%	0.03%	0.03%
BABA	D	1.93%	2.06%	1.93%
BAP	B	0.08%	0.15%	0.08%
BCH	F	0.09%	0.07%	0.07%
BEKE	D	0.05%	0.16%	0.05%
BGNE	D	0.11%	0.13%	0.11%
BIDU	F	0.15%	0.29%	0.15%
BRFS	D	0.04%	0.03%	0.03%
BVN	F	0.03%	0.03%	0.03%
BZ	F	0.03%	0.04%	0.03%
CHT	D	0.06%	0.17%	0.06%
CSAN	F	0.04%	0.03%	0.03%
ERJ	B	0.05%	0.08%	0.05%
GGB	C	0.09%	0.06%	0.06%
HDB	C	0.46%	1.03%	0.46%
IBN	C	0.8%	0.94%	0.8%
IQ	F	0.03%	0.01%	0.01%
KB	B	0.27%	0.3%	0.27%
KEP	B	0.04%	0.05%	0.04%
LI	F	0.06%	0.17%	0.06%
LPL	F	0.04%	0.02%	0.02%
NU	C	0.14%	0.5%	0.14%
PAGS	F	0.03%	0.02%	0.02%
PDD	F	0.75%	0.96%	0.75%
QFIN	B	0.2%	0.04%	0.04%
SCCO	F	0.09%	0.11%	0.09%
SHG	D	0.2%	0.2%	0.2%
SKM	D	0.22%	0.03%	0.03%
TAL	F	0.06%	0.06%	0.06%
TCOM	B	0.18%	0.4%	0.18%
TME	D	0.1%	0.11%	0.1%
UMC	F	0.18%	0.19%	0.18%
VALE	F	0.41%	0.4%	0.4%
VIPS	F	0.2%	0.06%	0.06%
WIT	A	0.21%	0.11%	0.11%
XP	F	0.05%	0.07%	0.05%
YUMC	C	0.24%	0.23%	0.23%

GEM Overweight 1 Positions Relative to DBEM

	Symbol	Grade	Weight
	KT	A	0.09%

GEM Underweight 7 Positions Relative to DBEM

Symbol	Grade	Weight
XPEV	C	-0.1%
NIO	F	-0.08%
HTHT	D	-0.08%
BILI	D	-0.05%
SBSW	D	-0.04%
STNE	F	-0.03%
LEGN	F	-0.03%