BBEM vs. EEM

Last updated Jun 5, 2026

BBEM (JPMorgan Betabuilders Emerging Markets Equity ETF) and EEM (iShares MSCI Emerging Markets ETF) are both Emerging Markets Diversified funds - BBEM tracks the Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net while EEM tracks the MSCI Emerging Markets Index (Net). Both are passively managed. Over the past 3 years, BBEM returned 22.47%/yr vs 23.47%/yr for EEM. With a 0.98 correlation, they move nearly in lockstep. BBEM charges 0.15%/yr vs 0.72%/yr for EEM.

Performance

BBEM vs. EEM - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with BBEM having a 25.45% return and EEM slightly higher at 26.30%.

BBEM

• 1D: -1.24%
• 1M: 5.92%
• YTD: 25.45%
• 6M: 27.96%
• 1Y: 49.80%
• 3Y*: 22.47%
• 5Y*: —
• 10Y*: —

EEM

• 1D: -1.17%
• 1M: 5.66%
• YTD: 26.30%
• 6M: 29.01%
• 1Y: 52.09%
• 3Y*: 23.47%
• 5Y*: 6.76%
• 10Y*: 9.68%

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

BBEM vs. EEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF	25.45%	32.43%	5.61%	6.01%
EEM iShares MSCI Emerging Markets ETF	26.30%	33.98%	6.49%	5.85%

Correlation

The correlation between BBEM and EEM is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (All Time) Calculated using the full available price history since May 12, 2023	0.98

The correlation between BBEM and EEM has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

BBEM vs. EEM - Sectors Allocation Comparison

Sectors	BBEM	EEM
Technology	36.5%	43.6%
Financial Services	19.0%	17.5%
Consumer Cyclical	10.0%	8.1%
Industrials	8.1%	6.2%
Communication Services	6.7%	5.7%
Basic Materials	6.2%	6.1%
Energy	4.2%	3.3%
Consumer Defensive	3.0%	2.7%
Healthcare	2.8%	2.5%
Utilities	2.5%	2.0%
Real Estate	1.0%	0.9%

Return for Risk

BBEM vs. EEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBEM

BBEM Risk / Return Rank: 79
BBEM Sharpe Ratio Rank: 80
BBEM Sortino Ratio Rank: 78
BBEM Omega Ratio Rank: 80
BBEM Calmar Ratio Rank: 76
BBEM Martin Ratio Rank: 79

EEM

EEM Risk / Return Rank: 79
EEM Sharpe Ratio Rank: 82
EEM Sortino Ratio Rank: 77
EEM Omega Ratio Rank: 81
EEM Calmar Ratio Rank: 78
EEM Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBEM vs. EEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and iShares MSCI Emerging Markets ETF (EEM). 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.

	BBEM	EEM	Difference
Sharpe ratio: Return per unit of total volatility	2.56	2.62	-0.05
Sortino ratio: Return per unit of downside risk	3.42	3.42	+0.01
Omega ratio: Gain probability vs. loss probability	1.47	1.48	-0.01
Calmar ratio: Return relative to maximum drawdown	3.81	3.87	-0.06
Martin ratio: Return relative to average drawdown	15.02	14.91	+0.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBEM vs. EEM - Sharpe Ratio Comparison

The current BBEM Sharpe Ratio is 2.56, which is comparable to the EEM Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of BBEM and EEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBEM	EEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	2.62	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	0.38	+0.91

Drawdowns

BBEM vs. EEM - Drawdown Comparison

The maximum BBEM drawdown since its inception was -17.42%, smaller than the maximum EEM drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for BBEM and EEM.

Drawdown Indicators

	BBEM	EEM	Difference
Max Drawdown Largest peak-to-trough decline	-17.42%	-66.43%	+49.01%
Max Drawdown (1Y) Largest decline over 1 year	-13.12%	-13.52%	+0.40%
Max Drawdown (3Y) Largest decline over 3 years	-17.42%	-17.29%	-0.13%
Max Drawdown (5Y) Largest decline over 5 years	—	-37.71%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.82%	—
Current Drawdown Current decline from peak	-2.53%	-2.40%	-0.13%
Average Drawdown Average peak-to-trough decline	-3.70%	-16.02%	+12.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	3.50%	-0.18%

Volatility

BBEM vs. EEM - Volatility Comparison

JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and iShares MSCI Emerging Markets ETF (EEM) have volatilities of 8.57% and 8.49%, 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	EEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.57%	8.49%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	17.26%	17.47%	-0.21%
Volatility (1Y) Calculated over the trailing 1-year period	19.54%	20.02%	-0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.50%	18.92%	-1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.50%	20.50%	-3.00%

BBEM vs. EEM - Expense Ratio Comparison

BBEM has a 0.15% expense ratio, which is lower than EEM's 0.72% expense ratio.

Dividends

BBEM vs. EEM - Dividend Comparison

BBEM's dividend yield for the trailing twelve months is around 4.65%, more than EEM's 1.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF	4.65%	5.86%	2.73%	1.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EEM iShares MSCI Emerging Markets ETF	1.76%	2.22%	2.43%	2.63%	2.50%	1.99%	1.45%	2.76%	2.24%	1.89%	1.89%	2.49%

Frequently Asked Questions

Can I hold both BBEM and EEM in my portfolio?

With a correlation of 0.98, BBEM and EEM 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 EEM?

BBEM has higher volatility (8.57%) compared to EEM (8.49%). In terms of maximum drawdown, BBEM dropped -17.42% vs EEM's -66.43%.

Which ETF is better, BBEM or EEM?

On 3-year performance, EEM leads with 23.47% vs 22.47% for BBEM. On fees, BBEM is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBEM or EEM?

Over the 3-year period, EEM has performed better with a 23.47% return vs 22.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBEM or EEM?

BBEM is cheaper with a 0.15% expense ratio, compared with 0.72% for EEM.

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

BBEM has the higher dividend yield at 4.65%, compared with 1.76% for EEM.

What is the main difference between BBEM and EEM?

BBEM tracks Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net, while EEM tracks MSCI Emerging Markets Index (Net). They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.15% for BBEM and 0.72% for EEM.

Which has better risk-adjusted returns?

EEM currently has the higher Sharpe Ratio (2.62 vs 2.56), 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.