BBEM vs. JEPQ

Last updated Jun 5, 2026

BBEM (JPMorgan Betabuilders Emerging Markets Equity ETF) and JEPQ (JPMorgan Nasdaq 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 JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, BBEM returned 22.47%/yr vs 20.81%/yr for JEPQ. A 0.62 correlation means they provide meaningful diversification when combined. BBEM charges 0.15%/yr vs 0.35%/yr for JEPQ.

Performance

BBEM vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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 JEPQ's 9.42% return.

BBEM

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

JEPQ

• 1D: -0.12%
• 1M: 3.79%
• YTD: 9.42%
• 6M: 9.57%
• 1Y: 28.59%
• 3Y*: 20.81%
• 5Y*: —
• 10Y*: —

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

BBEM vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF	25.45%	32.43%	5.61%	6.01%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.42%	15.18%	24.85%	16.00%

Correlation

The correlation between BBEM and JEPQ is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since May 12, 2023	0.62

The correlation between BBEM and JEPQ shifts across timeframes, from 0.62 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.

BBEM vs. JEPQ - Sectors Allocation Comparison

Sectors	BBEM	JEPQ
Technology	36.5%	54.0%
Financial Services	19.0%	0.4%
Consumer Cyclical	10.0%	12.8%
Industrials	8.1%	3.1%
Communication Services	6.7%	15.4%
Basic Materials	6.2%	1.0%
Energy	4.2%	0.4%
Consumer Defensive	3.0%	7.1%
Healthcare	2.8%	4.4%
Utilities	2.5%	1.3%
Real Estate	1.0%	0.2%

Return for Risk

BBEM vs. JEPQ — 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

JEPQ

JEPQ Risk / Return Rank: 76
JEPQ Sharpe Ratio Rank: 77
JEPQ Sortino Ratio Rank: 73
JEPQ Omega Ratio Rank: 81
JEPQ Calmar Ratio Rank: 66
JEPQ Martin Ratio Rank: 82

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. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	2.56	2.45	+0.12
Sortino ratio: Return per unit of downside risk	3.42	3.25	+0.18
Omega ratio: Gain probability vs. loss probability	1.47	1.48	-0.01
Calmar ratio: Return relative to maximum drawdown	3.81	3.26	+0.56
Martin ratio: Return relative to average drawdown	15.02	15.99	-0.97
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. JEPQ - Sharpe Ratio Comparison

The current BBEM Sharpe Ratio is 2.56, which is comparable to the JEPQ Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of BBEM and JEPQ, 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	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	2.45	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	1.00	+0.29

Drawdowns

BBEM vs. JEPQ - Drawdown Comparison

The maximum BBEM drawdown since its inception was -17.42%, smaller than the maximum JEPQ drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for BBEM and JEPQ.

Drawdown Indicators

	BBEM	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-17.42%	-20.07%	+2.65%
Max Drawdown (1Y) Largest decline over 1 year	-13.12%	-8.82%	-4.30%
Max Drawdown (3Y) Largest decline over 3 years	-17.42%	-20.07%	+2.65%
Current Drawdown Current decline from peak	-2.53%	-0.21%	-2.32%
Average Drawdown Average peak-to-trough decline	-3.70%	-3.42%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	1.79%	+1.53%

Volatility

BBEM vs. JEPQ - Volatility Comparison

JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) has a higher volatility of 8.57% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.28%. This indicates that BBEM's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBEM	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.57%	1.28%	+7.29%
Volatility (6M) Calculated over the trailing 6-month period	17.26%	9.06%	+8.20%
Volatility (1Y) Calculated over the trailing 1-year period	19.54%	11.72%	+7.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.50%	16.60%	+0.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.50%	16.60%	+0.90%

BBEM vs. JEPQ - Expense Ratio Comparison

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

Dividends

BBEM vs. JEPQ - Dividend Comparison

BBEM's dividend yield for the trailing twelve months is around 4.65%, less than JEPQ's 10.08% yield.

Position	TTM	2025	2024	2023	2022
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF	4.65%	5.86%	2.73%	1.94%	0.00%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.08%	10.53%	9.65%	10.03%	9.44%

Frequently Asked Questions

Can I hold both BBEM and JEPQ in my portfolio?

BBEM and JEPQ have a correlation of 0.73, 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 JEPQ?

BBEM has higher volatility (8.57%) compared to JEPQ (1.28%). In terms of maximum drawdown, BBEM dropped -17.42% vs JEPQ's -20.07%.

Which ETF is better, BBEM or JEPQ?

On 3-year performance, BBEM leads with 22.47% vs 20.81% for JEPQ. On fees, BBEM is cheaper at 0.15% per year. On volatility, JEPQ has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBEM or JEPQ?

Over the 3-year period, BBEM has performed better with a 22.47% return vs 20.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBEM or JEPQ?

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

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

JEPQ has the higher dividend yield at 10.08%, compared with 4.65% for BBEM.

What is the main difference between BBEM and JEPQ?

BBEM is categorized as Emerging Markets Diversified, while JEPQ is Nasdaq-100. BBEM tracks Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net, while JEPQ tracks Nasdaq-100 Index. Their fees differ too: 0.15% for BBEM and 0.35% for JEPQ.

Which has better risk-adjusted returns?

BBEM currently has the higher Sharpe Ratio (2.56 vs 2.45), 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.