BBEM vs. BKEM

Last updated Aug 2, 2026

BBEM (JPMorgan Betabuilders Emerging Markets Equity ETF) and BKEM (BNY Mellon Emerging Markets Equity ETF) are both Emerging Markets Equities funds - BBEM tracks the Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net while BKEM tracks the Morningstar Emerging Markets Large Cap Index. Both are passively managed. Over the past 3 years, BBEM returned 17.55%/yr vs 18.26%/yr for BKEM. Their 0.97 correlation means they have historically moved very closely together. BBEM charges 0.15%/yr vs 0.11%/yr for BKEM.

Performance

BBEM vs. BKEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and BNY Mellon Emerging Markets Equity ETF (BKEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBEM achieves a 17.16% return, which is significantly lower than BKEM's 19.49% return.

BBEM

• 1D: 0.49%
• 1M: -2.28%
• 6M: 9.39%
• YTD: 17.16%
• 1Y: 34.07%
• 3Y*: 17.55%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.69%

BKEM

• 1D: 1.00%
• 1M: -2.28%
• 6M: 10.09%
• YTD: 19.49%
• 1Y: 36.07%
• 3Y*: 18.26%
• 5Y*: 7.27%
• 10Y*: —
• ALL TIME*: 12.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF	$4.42M	$2.79M	$2.95M
BKEM BNY Mellon Emerging Markets Equity ETF	$479.81K	$325.26K	$242.87K

BBEM vs. BKEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF	17.16%	32.43%	5.61%	6.01%
BKEM BNY Mellon Emerging Markets Equity ETF	19.49%	30.55%	7.53%	5.45%

Correlation

The correlation between BBEM and BKEM is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.97
Correlation (All Time) Calculated using the full available price history since May 11, 2023	0.97

The correlation between BBEM and BKEM has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

BBEM vs. BKEM - Sectors Allocation Comparison

Sectors	BBEM	BKEM
Technology	25.0%	44.5%
Financial Services	12.2%	17.5%
Consumer Cyclical	5.9%	7.7%
Communication Services	4.6%	5.8%
Basic Materials	3.5%	5.4%
Industrials	3.2%	7.6%
Energy	1.8%	3.1%
Consumer Defensive	1.6%	2.6%
Utilities	1.5%	2.0%
Healthcare	1.3%	2.7%
Real Estate	0.6%	1.1%

Return for Risk

BBEM vs. BKEM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BBEM

BBEM Risk / Return Rank: 62
BBEM Sharpe Ratio Rank: 59
BBEM Sortino Ratio Rank: 55
BBEM Omega Ratio Rank: 62
BBEM Calmar Ratio Rank: 72
BBEM Martin Ratio Rank: 63

BKEM

BKEM Risk / Return Rank: 65
BKEM Sharpe Ratio Rank: 64
BKEM Sortino Ratio Rank: 59
BKEM Omega Ratio Rank: 65
BKEM Calmar Ratio Rank: 73
BKEM Martin Ratio Rank: 65

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BBEM vs. BKEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and BNY Mellon Emerging Markets Equity ETF (BKEM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BBEM	BKEM	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.48	-0.08
Sortino ratio: Return per unit of downside risk	1.94	1.99	-0.06
Omega ratio: Gain probability vs. loss probability	1.27	1.27	-0.01
Calmar ratio: Return relative to maximum drawdown	2.50	2.54	-0.03
Martin ratio: Return relative to average drawdown	7.64	7.83	-0.19

BBEM vs. BKEM - Sharpe Ratio Comparison

The current BBEM Sharpe Ratio is 1.40, which is comparable to the BKEM Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of BBEM and BKEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBEM vs. BKEM - Drawdown Comparison

The maximum BBEM drawdown since its inception was -17.42%, smaller than the maximum BKEM drawdown of -39.48%. Use the drawdown chart below to compare losses from any high point for BBEM and BKEM.

Drawdown Indicators

	BBEM	BKEM	Difference
Max Drawdown Largest peak-to-trough decline	-17.42%	-39.48%	+22.06%
Max Drawdown (1Y) Largest decline over 1 year	-13.37%	-13.91%	+0.54%
Max Drawdown (3Y) Largest decline over 3 years	-17.42%	-18.38%	+0.96%
Max Drawdown (5Y) Largest decline over 5 years	—	-33.28%	—
Current Drawdown Current decline from peak	-9.54%	-9.52%	-0.02%
Average Drawdown Average peak-to-trough decline	-3.84%	-15.76%	+11.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	4.49%	-0.12%

Volatility

BBEM vs. BKEM - Volatility Comparison

JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and BNY Mellon Emerging Markets Equity ETF (BKEM) have volatilities of 8.89% and 9.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBEM	BKEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.89%	9.22%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	21.92%	21.85%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	23.91%	23.85%	+0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.86%	19.61%	-0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.86%	19.76%	-0.90%

BBEM vs. BKEM - Expense Ratio Comparison

BBEM has a 0.15% expense ratio, which is higher than BKEM's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BBEM vs. BKEM - Dividend Comparison

BBEM's dividend yield for the trailing twelve months is around 4.95%, more than BKEM's 1.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF	4.95%	5.86%	2.73%	1.94%	0.00%	0.00%	0.00%
BKEM BNY Mellon Emerging Markets Equity ETF	1.96%	2.25%	2.76%	3.02%	3.15%	2.22%	1.78%

Frequently Asked Questions

Can I hold both BBEM and BKEM in my portfolio?

With a correlation of 0.96, BBEM and BKEM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BBEM or BKEM?

BKEM has higher volatility (9.22%) compared to BBEM (8.89%). In terms of maximum drawdown, BBEM dropped -17.42% vs BKEM's -39.48%.

Which ETF is better, BBEM or BKEM?

On 3-year performance, BKEM leads with 18.26% vs 17.55% for BBEM. On fees, BKEM is cheaper at 0.11% per year. On volatility, BBEM has been the lower-risk option at 8.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBEM or BKEM?

Over the 3-year period, BKEM has performed better with a 18.26% return vs 17.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBEM or BKEM?

BKEM is cheaper with a 0.11% expense ratio, compared with 0.15% for BBEM.

Which ETF pays a higher dividend yield, BBEM or BKEM?

BBEM has the higher dividend yield at 4.95%, compared with 1.96% for BKEM.

What is the main difference between BBEM and BKEM?

BBEM tracks Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net, while BKEM tracks Morningstar Emerging Markets Large Cap Index. They also come from different issuers: JPMorgan and BNY Mellon. Their fees differ too: 0.15% for BBEM and 0.11% for BKEM.

Which has better risk-adjusted returns?

BKEM currently has the higher Sharpe Ratio (1.48 vs 1.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.