BBEM vs. EEM
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 18.48%/yr vs 19.09%/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
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Returns By Period
The year-to-date returns for both investments are quite close, with BBEM having a 18.28% return and EEM slightly higher at 18.51%.
BBEM
- 1D
- -3.47%
- 1M
- -3.97%
- 6M
- 11.88%
- YTD
- 18.28%
- 1Y
- 35.68%
- 3Y*
- 18.48%
- 5Y*
- —
- 10Y*
- —
EEM
- 1D
- -3.59%
- 1M
- -4.49%
- 6M
- 11.90%
- YTD
- 18.51%
- 1Y
- 36.27%
- 3Y*
- 19.09%
- 5Y*
- 6.13%
- 10Y*
- 8.45%
BBEM vs. EEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 18.28% | 32.43% | 5.61% | 6.01% |
EEM iShares MSCI Emerging Markets ETF | 18.51% | 33.98% | 6.49% | 5.47% |
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 11, 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.
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Return for Risk
BBEM vs. EEM — Risk / Return Rank
BBEM
EEM
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.
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 | EEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.69 | +0.04 |
| Martin ratioReturn relative to average drawdown | 9.53 | 9.20 | +0.34 |
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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.
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Drawdown Indicators
| BBEM | EEM | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 | — | -35.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.82% | — |
Current DrawdownCurrent decline from peak | -8.67% | -9.42% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -15.97% | +12.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 3.95% | -0.20% |
Volatility
BBEM vs. EEM - Volatility Comparison
JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and iShares MSCI Emerging Markets ETF (EEM) have volatilities of 11.10% and 11.27%, 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.
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Volatility by Period
| BBEM | EEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.10% | 11.27% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 21.20% | 21.57% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.11% | 23.57% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.66% | 19.71% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.66% | 20.70% | -2.04% |
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 4.90%, more than EEM's 1.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 4.90% | 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 | 1.73% | 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
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.
EEM has higher volatility (11.27%) compared to BBEM (11.10%). In terms of maximum drawdown, BBEM dropped -17.42% vs EEM's -66.43%.
On 3-year performance, EEM leads with 19.09% vs 18.48% for BBEM. On fees, BBEM is cheaper at 0.15% per year. On volatility, BBEM has been the lower-risk option at 11.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EEM has performed better with a 19.09% return vs 18.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBEM is cheaper with a 0.15% expense ratio, compared with 0.72% for EEM.
BBEM has the higher dividend yield at 4.90%, compared with 1.73% for 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.
BBEM currently has the higher Sharpe Ratio (1.55 vs 1.55), 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.
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