Simplify Gamma Emerging Market Bond ETF (GAEM) Performance
GAEM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.9% since Dec 31, 2025
- 1 year
- +3.7% total return
- Since first price
- +19.1% since 2024
GAEM trailing returns vs SPY, QQQ, AGG
| Period | GAEM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.3% | −1.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.7% | −3.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.8% | −3.9% | +7.8% | +8.4% | −1.5% |
| YTD | +1.9% | −2.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +3.7% | −2.3% | +14.4% | +15.9% | −1.1% |
| Since inceptionAug 13, 2024 | +19.1% | +3.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GAEM vs SPY
From Aug 13, 2024: GAEM grew to $11,908, SPY to $14,388.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GAEM returns by calendar year
1 of 1 full years positive. Best 2025 (+12.7%), worst 2025 (+12.7%). 2026 is year to date.
GAEM annual returns table
| Year | GAEM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +1.9% | −4.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +12.7% | −3.8% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GAEM risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +7.6% |
| Volatility (annualized) | 5.6% |
| Sharpe ratio | 0.63 |
| Sortino ratio | 0.91 |
| Best month | +4.1% |
| Worst month | −4.1% |
| Best 12 months | +12.9% |
| Worst 12 months | +2.9% |
| Positive months | 76% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GAEM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 15 | +2.8% | +11.2% | +12.9% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
GAEM performance overview
Simplify Gamma Emerging Market Bond ETF (GAEM) returned +3.7% over the past year, with distributions reinvested. Since its first recorded price on Aug 13, 2024 it has returned +19.1%. Over the same year S&P 500 (SPY) returned +14.4%.
Related: GAEM chart, GAEM dividends. See the GAEM overview for the latest quote and fund facts.
GAEM performance FAQ
What is the GAEM return over the past year?
GAEM returned +3.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 2.3%.
How much would $10,000 invested in GAEM be worth?
$10,000 invested in GAEM at its first recorded close on August 13, 2024 would be worth about $11,908 on October 23, 2026 with distributions reinvested.
How volatile is GAEM?
Over the past history GAEM had an annualized volatility of 5.6% and a Sharpe ratio of 0.63 (excess return over 1–3 month T-bills per unit of risk).