BBEM vs. EMKT

Last updated Jun 5, 2026

BBEM (JPMorgan Betabuilders Emerging Markets Equity ETF) and EMKT (Lazard Emerging Markets Opportunities ETF) are both Emerging Markets Diversified funds. BBEM is passively managed, while EMKT is actively managed. Their correlation of 0.94 suggests significant overlap in exposure. BBEM charges 0.15%/yr vs 0.74%/yr for EMKT.

Performance

BBEM vs. EMKT - Performance Comparison

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

Returns By Period

In the year-to-date period, BBEM achieves a 25.45% return, which is significantly lower than EMKT's 29.02% return.

BBEM

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

EMKT

• 1D: -0.77%
• 1M: 8.13%
• YTD: 29.02%
• 6M: 30.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBEM vs. EMKT - Yearly Performance Comparison

	2026 (YTD)	2025
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF	25.45%	-0.08%
EMKT Lazard Emerging Markets Opportunities ETF	29.02%	-1.29%

Correlation

The correlation between BBEM and EMKT is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025	0.94

Return for Risk

BBEM vs. EMKT — 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

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. EMKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and Lazard Emerging Markets Opportunities ETF (EMKT). 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	EMKT	Difference
Sharpe ratio: Return per unit of total volatility	2.56	—	—
Sortino ratio: Return per unit of downside risk	3.42	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	3.81	—	—
Martin ratio: Return relative to average drawdown	15.02	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BBEM	EMKT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	2.22	-0.93

Drawdowns

BBEM vs. EMKT - Drawdown Comparison

The maximum BBEM drawdown since its inception was -17.42%, which is greater than EMKT's maximum drawdown of -14.21%. Use the drawdown chart below to compare losses from any high point for BBEM and EMKT.

Drawdown Indicators

	BBEM	EMKT	Difference
Max Drawdown Largest peak-to-trough decline	-17.42%	-14.21%	-3.21%
Max Drawdown (1Y) Largest decline over 1 year	-13.12%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.42%	—	—
Current Drawdown Current decline from peak	-2.53%	-2.21%	-0.32%
Average Drawdown Average peak-to-trough decline	-3.70%	-3.04%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	—	—

Volatility

Volatility by Period

	BBEM	EMKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.54%	22.42%	-2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.50%	22.42%	-4.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.50%	22.42%	-4.92%

BBEM vs. EMKT - Expense Ratio Comparison

BBEM has a 0.15% expense ratio, which is lower than EMKT's 0.74% expense ratio.

Dividends

BBEM vs. EMKT - Dividend Comparison

BBEM's dividend yield for the trailing twelve months is around 4.65%, while EMKT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF	4.65%	5.86%	2.73%	1.94%
EMKT Lazard Emerging Markets Opportunities ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBEM and EMKT in my portfolio?

With a correlation of 0.94, BBEM and EMKT 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 ETF is better, BBEM or EMKT?

On fees, BBEM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BBEM or EMKT?

BBEM is cheaper with a 0.15% expense ratio, compared with 0.74% for EMKT.

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

BBEM has the higher dividend yield at 4.65%, compared with 0.00% for EMKT.

What is the main difference between BBEM and EMKT?

They also come from different issuers: JPMorgan and Lazard. Their fees differ too: 0.15% for BBEM and 0.74% for EMKT.