BBEM vs. BKEM
BBEM (JPMorgan Betabuilders Emerging Markets Equity ETF) and BKEM (BNY Mellon Emerging Markets Equity ETF) are both exchange-traded funds - BBEM is a Emerging Markets Diversified fund tracking the Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net, while BKEM is a Asia Pacific Equities fund tracking the Morningstar Emerging Markets Large Cap Index. Both are passively managed. Over the past 3 years, BBEM returned 23.89%/yr vs 24.82%/yr for BKEM. With a 0.97 correlation, they move nearly in lockstep. BBEM charges 0.15%/yr vs 0.11%/yr for BKEM.
Performance
BBEM vs. BKEM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BBEM achieves a 29.51% return, which is significantly lower than BKEM's 32.06% return.
BBEM
- 1D
- 0.32%
- 1M
- 8.39%
- YTD
- 29.51%
- 6M
- 29.97%
- 1Y
- 54.15%
- 3Y*
- 23.89%
- 5Y*
- —
- 10Y*
- —
BKEM
- 1D
- 0.31%
- 1M
- 8.00%
- YTD
- 32.06%
- 6M
- 33.16%
- 1Y
- 56.67%
- 3Y*
- 24.82%
- 5Y*
- 8.18%
- 10Y*
- —
BBEM vs. BKEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 29.51% | 32.43% | 5.61% | 6.01% |
BKEM BNY Mellon Emerging Markets Equity ETF | 32.06% | 30.55% | 7.53% | 5.45% |
Correlation
The correlation between BBEM and BKEM is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 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.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BBEM vs. BKEM — Risk / Return Rank
BBEM
BKEM
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 ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.48 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 4.35 | -0.20 |
| Martin ratioReturn relative to average drawdown | 15.54 | 15.95 | -0.41 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| BBEM | BKEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.42% | -39.48% | +22.06% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -13.11% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -17.42% | -18.38% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.20% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -15.90% | +12.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 3.56% | -0.07% |
Volatility
BBEM vs. BKEM - Volatility Comparison
JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and BNY Mellon Emerging Markets Equity ETF (BKEM) have volatilities of 10.85% and 10.81%, 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.
Loading charts...
Volatility by Period
| BBEM | BKEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.85% | 10.81% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 19.58% | 19.24% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.60% | 21.46% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.18% | 19.19% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 19.43% | -1.25% |
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 4.50%, more than BKEM's 1.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 4.50% | 5.86% | 2.73% | 1.94% | 0.00% | 0.00% | 0.00% |
BKEM BNY Mellon Emerging Markets Equity ETF | 1.43% | 2.25% | 2.76% | 3.02% | 3.15% | 2.22% | 1.78% |
Frequently Asked Questions
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.
BBEM has higher volatility (10.85%) compared to BKEM (10.81%). In terms of maximum drawdown, BBEM dropped -17.42% vs BKEM's -39.48%.
On 3-year performance, BKEM leads with 24.82% vs 23.89% for BBEM. On fees, BKEM is cheaper at 0.11% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BKEM has performed better with a 24.82% return vs 23.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKEM is cheaper with a 0.11% expense ratio, compared with 0.15% for BBEM.
BBEM has the higher dividend yield at 4.50%, compared with 1.43% for BKEM.
BBEM is categorized as Emerging Markets Diversified, while BKEM is Asia Pacific Equities. 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.
BKEM currently has the higher Sharpe Ratio (2.66 vs 2.52), 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.
Find the right allocation for BBEM and BKEM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer