BBEM vs. JEPI

Last updated Jun 5, 2026

BBEM (JPMorgan Betabuilders Emerging Markets Equity ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - BBEM is a Emerging Markets Diversified fund tracking the Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net, while JEPI is a Dividend fund actively managed by JPMorgan. BBEM is passively managed, while JEPI is actively managed. Over the past 3 years, BBEM returned 22.47%/yr vs 9.05%/yr for JEPI. At a 0.46 correlation, their price movements are largely independent. BBEM charges 0.15%/yr vs 0.35%/yr for JEPI.

Performance

BBEM vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and JPMorgan Equity Premium Income ETF (JEPI). 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 higher than JEPI's 0.69% return.

BBEM

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

JEPI

• 1D: 0.54%
• 1M: -0.71%
• YTD: 0.69%
• 6M: 1.05%
• 1Y: 8.25%
• 3Y*: 9.05%
• 5Y*: 7.37%
• 10Y*: —

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

BBEM vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF	25.45%	32.43%	5.61%	6.01%
JEPI JPMorgan Equity Premium Income ETF	0.69%	8.09%	12.57%	6.18%

Correlation

The correlation between BBEM and JEPI is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (All Time) Calculated using the full available price history since May 12, 2023	0.46

BBEM vs. JEPI - Sectors Allocation Comparison

Sectors	BBEM	JEPI
Technology	36.5%	19.1%
Financial Services	19.0%	9.8%
Consumer Cyclical	10.0%	11.7%
Industrials	8.1%	13.8%
Communication Services	6.7%	6.9%
Basic Materials	6.2%	1.9%
Energy	4.2%	3.5%
Consumer Defensive	3.0%	9.6%
Healthcare	2.8%	14.1%
Utilities	2.5%	6.2%
Real Estate	1.0%	3.5%

Return for Risk

BBEM vs. JEPI — 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

JEPI

JEPI Risk / Return Rank: 29
JEPI Sharpe Ratio Rank: 30
JEPI Sortino Ratio Rank: 30
JEPI Omega Ratio Rank: 30
JEPI Calmar Ratio Rank: 27
JEPI Martin Ratio Rank: 28

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. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and JPMorgan Equity Premium Income ETF (JEPI). 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	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	2.56	1.05	+1.51
Sortino ratio: Return per unit of downside risk	3.42	1.57	+1.86
Omega ratio: Gain probability vs. loss probability	1.47	1.19	+0.28
Calmar ratio: Return relative to maximum drawdown	3.81	1.24	+2.58
Martin ratio: Return relative to average drawdown	15.02	3.96	+11.06
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. JEPI - Sharpe Ratio Comparison

The current BBEM Sharpe Ratio is 2.56, which is higher than the JEPI Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of BBEM and JEPI, 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	JEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	1.05	+1.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	1.02	+0.27

Drawdowns

BBEM vs. JEPI - Drawdown Comparison

The maximum BBEM drawdown since its inception was -17.42%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for BBEM and JEPI.

Drawdown Indicators

	BBEM	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-17.42%	-13.71%	-3.71%
Max Drawdown (1Y) Largest decline over 1 year	-13.12%	-6.68%	-6.44%
Max Drawdown (3Y) Largest decline over 3 years	-17.42%	-13.26%	-4.16%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.71%	—
Current Drawdown Current decline from peak	-2.53%	-4.31%	+1.78%
Average Drawdown Average peak-to-trough decline	-3.70%	-2.12%	-1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	2.08%	+1.24%

Volatility

BBEM vs. JEPI - Volatility Comparison

JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) has a higher volatility of 8.57% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.46%. This indicates that BBEM's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBEM	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.57%	1.46%	+7.11%
Volatility (6M) Calculated over the trailing 6-month period	17.26%	6.10%	+11.16%
Volatility (1Y) Calculated over the trailing 1-year period	19.54%	7.87%	+11.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.50%	11.06%	+6.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.50%	10.80%	+6.70%

BBEM vs. JEPI - Expense Ratio Comparison

BBEM has a 0.15% expense ratio, which is lower than JEPI's 0.35% expense ratio.

Dividends

BBEM vs. JEPI - Dividend Comparison

BBEM's dividend yield for the trailing twelve months is around 4.65%, less than JEPI's 8.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF	4.65%	5.86%	2.73%	1.94%	0.00%	0.00%	0.00%
JEPI JPMorgan Equity Premium Income ETF	8.23%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%

Frequently Asked Questions

Can I hold both BBEM and JEPI in my portfolio?

BBEM and JEPI have a correlation of 0.40, 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 JEPI?

BBEM has higher volatility (8.57%) compared to JEPI (1.46%). In terms of maximum drawdown, BBEM dropped -17.42% vs JEPI's -13.71%.

Which ETF is better, BBEM or JEPI?

On 3-year performance, BBEM leads with 22.47% vs 9.05% for JEPI. On fees, BBEM is cheaper at 0.15% per year. On volatility, JEPI has been the lower-risk option at 1.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBEM or JEPI?

Over the 3-year period, BBEM has performed better with a 22.47% return vs 9.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBEM or JEPI?

BBEM is cheaper with a 0.15% expense ratio, compared with 0.35% for JEPI.

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

JEPI has the higher dividend yield at 8.23%, compared with 4.65% for BBEM.

What is the main difference between BBEM and JEPI?

BBEM is categorized as Emerging Markets Diversified, while JEPI is Dividend. Their fees differ too: 0.15% for BBEM and 0.35% for JEPI.

Which has better risk-adjusted returns?

BBEM currently has the higher Sharpe Ratio (2.56 vs 1.05), 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.