BBEM vs. EMDV

Last updated Aug 2, 2026

BBEM (JPMorgan Betabuilders Emerging Markets Equity ETF) and EMDV (ProShares MSCI Emerging Markets Dividend Growers ETF) are both Emerging Markets Equities funds - BBEM tracks the Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net while EMDV tracks the MSCI Emerging Markets Dividend Masters Index. Both are passively managed. Over the past 3 years, BBEM returned 17.55%/yr vs 1.66%/yr for EMDV. Their 0.75 correlation means they have sometimes moved together and sometimes differently. BBEM charges 0.15%/yr vs 0.60%/yr for EMDV.

Performance

BBEM vs. EMDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV). 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 higher than EMDV's 1.51% 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%

EMDV

• 1D: -0.18%
• 1M: 4.30%
• 6M: 0.72%
• YTD: 1.51%
• 1Y: 6.10%
• 3Y*: 1.66%
• 5Y*: -1.50%
• 10Y*: 1.95%
• ALL TIME*: 4.01%

*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
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF	$3.04K	$6.93K	$10.37K

BBEM vs. EMDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF	17.16%	32.43%	5.61%	6.01%
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF	1.51%	11.90%	0.06%	-5.54%

Correlation

The correlation between BBEM and EMDV is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (All Time) Calculated using the full available price history since May 11, 2023	0.75

The correlation between BBEM and EMDV has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.

BBEM vs. EMDV - Sectors Allocation Comparison

Sectors	BBEM	EMDV
Technology	25.0%	22.8%
Financial Services	12.2%	24.0%
Consumer Cyclical	5.9%	6.7%
Communication Services	4.6%	5.8%
Basic Materials	3.5%	2.5%
Industrials	3.2%	6.7%
Energy	1.8%	-
Consumer Defensive	1.6%	14.4%
Utilities	1.5%	8.8%
Healthcare	1.3%	8.4%
Real Estate	0.6%	-

Return for Risk

BBEM vs. EMDV — 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

EMDV

EMDV Risk / Return Rank: 23
EMDV Sharpe Ratio Rank: 23
EMDV Sortino Ratio Rank: 22
EMDV Omega Ratio Rank: 22
EMDV Calmar Ratio Rank: 26
EMDV Martin Ratio Rank: 25

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. EMDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV). 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	EMDV	Difference
Sharpe ratio: Return per unit of total volatility	1.40	0.50	+0.90
Sortino ratio: Return per unit of downside risk	1.94	0.79	+1.15
Omega ratio: Gain probability vs. loss probability	1.27	1.10	+0.17
Calmar ratio: Return relative to maximum drawdown	2.50	0.81	+1.70
Martin ratio: Return relative to average drawdown	7.64	1.92	+5.72

BBEM vs. EMDV - Sharpe Ratio Comparison

The current BBEM Sharpe Ratio is 1.40, which is higher than the EMDV Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of BBEM and EMDV, 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. EMDV - Drawdown Comparison

The maximum BBEM drawdown since its inception was -17.42%, smaller than the maximum EMDV drawdown of -39.20%. Use the drawdown chart below to compare losses from any high point for BBEM and EMDV.

Drawdown Indicators

	BBEM	EMDV	Difference
Max Drawdown Largest peak-to-trough decline	-17.42%	-39.20%	+21.78%
Max Drawdown (1Y) Largest decline over 1 year	-13.37%	-7.24%	-6.13%
Max Drawdown (3Y) Largest decline over 3 years	-17.42%	-20.71%	+3.29%
Max Drawdown (5Y) Largest decline over 5 years	—	-33.37%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.20%	—
Current Drawdown Current decline from peak	-9.54%	-14.51%	+4.97%
Average Drawdown Average peak-to-trough decline	-3.84%	-13.59%	+9.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	3.04%	+1.33%

Volatility

BBEM vs. EMDV - Volatility Comparison

JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) has a higher volatility of 8.89% compared to ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) at 3.09%. This indicates that BBEM's price experiences larger fluctuations and is considered to be riskier than EMDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBEM	EMDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.89%	3.09%	+5.80%
Volatility (6M) Calculated over the trailing 6-month period	21.92%	9.93%	+11.99%
Volatility (1Y) Calculated over the trailing 1-year period	23.91%	11.68%	+12.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.86%	15.41%	+3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.86%	17.99%	+0.87%

BBEM vs. EMDV - Expense Ratio Comparison

BBEM has a 0.15% expense ratio, which is lower than EMDV's 0.60% expense ratio.

Dividends

BBEM vs. EMDV - Dividend Comparison

BBEM's dividend yield for the trailing twelve months is around 4.95%, more than EMDV's 1.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF	4.95%	5.86%	2.73%	1.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF	1.90%	2.46%	2.79%	1.88%	3.68%	2.12%	3.12%	2.38%	1.27%	2.09%	2.87%

Frequently Asked Questions

Can I hold both BBEM and EMDV in my portfolio?

BBEM and EMDV have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBEM or EMDV?

BBEM has higher volatility (8.89%) compared to EMDV (3.09%). In terms of maximum drawdown, BBEM dropped -17.42% vs EMDV's -39.20%.

Which ETF is better, BBEM or EMDV?

On 3-year performance, BBEM leads with 17.55% vs 1.66% for EMDV. On fees, BBEM is cheaper at 0.15% per year. On volatility, EMDV has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBEM or EMDV?

Over the 3-year period, BBEM has performed better with a 17.55% return vs 1.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBEM or EMDV?

BBEM is cheaper with a 0.15% expense ratio, compared with 0.60% for EMDV.

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

BBEM has the higher dividend yield at 4.95%, compared with 1.90% for EMDV.

What is the main difference between BBEM and EMDV?

BBEM tracks Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net, while EMDV tracks MSCI Emerging Markets Dividend Masters Index. They also come from different issuers: JPMorgan and ProShares. Their fees differ too: 0.15% for BBEM and 0.60% for EMDV.

Which has better risk-adjusted returns?

BBEM currently has the higher Sharpe Ratio (1.40 vs 0.50), 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.