BBEM vs. EMDM
BBEM (JPMorgan Betabuilders Emerging Markets Equity ETF) and EMDM (First Trust Bloomberg Emerging Market Democracies ETF) are both Emerging Markets Diversified funds - BBEM tracks the Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net while EMDM tracks the Bloomberg Emerging Market Democracies Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, BBEM returned 21.42%/yr vs 30.82%/yr for EMDM. Their correlation of 0.89 suggests significant overlap in exposure. BBEM charges 0.15%/yr vs 0.75%/yr for EMDM.
Performance
BBEM vs. EMDM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BBEM achieves a 21.92% return, which is significantly lower than EMDM's 35.53% return.
BBEM
- 1D
- -5.86%
- 1M
- 2.04%
- YTD
- 21.92%
- 6M
- 22.38%
- 1Y
- 44.01%
- 3Y*
- 21.42%
- 5Y*
- —
- 10Y*
- —
EMDM
- 1D
- -5.54%
- 1M
- 3.57%
- YTD
- 35.53%
- 6M
- 38.16%
- 1Y
- 81.79%
- 3Y*
- 30.82%
- 5Y*
- —
- 10Y*
- —
BBEM vs. EMDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 21.92% | 32.43% | 5.61% | 6.01% |
EMDM First Trust Bloomberg Emerging Market Democracies ETF | 35.53% | 59.68% | -4.93% | 13.29% |
Correlation
The correlation between BBEM and EMDM is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 11, 2023 | 0.89 |
The correlation between BBEM and EMDM has been stable across timeframes, ranging from 0.89 to 0.91 - 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. EMDM — Risk / Return Rank
BBEM
EMDM
BBEM vs. EMDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and First Trust Bloomberg Emerging Market Democracies ETF (EMDM). 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 | EMDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.54 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 5.25 | -1.88 |
| Martin ratioReturn relative to average drawdown | 12.56 | 20.82 | -8.26 |
Loading charts...
Drawdowns
BBEM vs. EMDM - Drawdown Comparison
The maximum BBEM drawdown since its inception was -17.42%, smaller than the maximum EMDM drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for BBEM and EMDM.
Loading charts...
Drawdown Indicators
| BBEM | EMDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.42% | -18.81% | +1.39% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -15.65% | +2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -17.42% | -18.81% | +1.39% |
Current DrawdownCurrent decline from peak | -5.86% | -5.54% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -4.06% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 3.94% | -0.43% |
Volatility
BBEM vs. EMDM - Volatility Comparison
JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and First Trust Bloomberg Emerging Market Democracies ETF (EMDM) have volatilities of 12.60% and 13.23%, 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 | EMDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.60% | 13.23% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 20.54% | 23.83% | -3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.39% | 26.11% | -3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.48% | 20.67% | -2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.48% | 20.67% | -2.19% |
BBEM vs. EMDM - Expense Ratio Comparison
BBEM has a 0.15% expense ratio, which is lower than EMDM's 0.75% expense ratio.
Dividends
BBEM vs. EMDM - Dividend Comparison
BBEM's dividend yield for the trailing twelve months is around 4.78%, more than EMDM's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 4.78% | 5.86% | 2.73% | 1.94% |
EMDM First Trust Bloomberg Emerging Market Democracies ETF | 2.63% | 3.57% | 5.87% | 2.16% |
Frequently Asked Questions
With a correlation of 0.91, BBEM and EMDM 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.
EMDM has higher volatility (13.23%) compared to BBEM (12.60%). In terms of maximum drawdown, BBEM dropped -17.42% vs EMDM's -18.81%.
On 3-year performance, EMDM leads with 30.82% vs 21.42% for BBEM. On fees, BBEM is cheaper at 0.15% per year. On volatility, BBEM has been the lower-risk option at 12.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EMDM has performed better with a 30.82% return vs 21.42%. 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 0.75% for EMDM.
BBEM has the higher dividend yield at 4.78%, compared with 2.63% for EMDM.
BBEM tracks Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net, while EMDM tracks Bloomberg Emerging Market Democracies Index - Benchmark TR Net. They also come from different issuers: JPMorgan and First Trust. Their fees differ too: 0.15% for BBEM and 0.75% for EMDM.
EMDM currently has the higher Sharpe Ratio (3.15 vs 1.98), 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 EMDM
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