BBEM vs. JMOM

Last updated Jul 14, 2026

BBEM (JPMorgan Betabuilders Emerging Markets Equity ETF) and JMOM (JPMorgan U.S. Momentum Factor 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 JMOM is a Momentum fund tracking the JP Morgan US Momentum Factor Index. Both are passively managed. Over the past 3 years, BBEM returned 18.48%/yr vs 25.62%/yr for JMOM. A 0.65 correlation means they provide meaningful diversification when combined. BBEM charges 0.15%/yr vs 0.12%/yr for JMOM.

Performance

BBEM vs. JMOM - Performance Comparison

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

Returns By Period

In the year-to-date period, BBEM achieves a 18.28% return, which is significantly lower than JMOM's 21.70% return.

BBEM

• 1D: -3.47%
• 1M: -3.97%
• 6M: 11.88%
• YTD: 18.28%
• 1Y: 35.68%
• 3Y*: 18.48%
• 5Y*: —
• 10Y*: —

JMOM

• 1D: -1.40%
• 1M: 0.12%
• 6M: 17.81%
• YTD: 21.70%
• 1Y: 30.75%
• 3Y*: 25.62%
• 5Y*: 14.81%
• 10Y*: —

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

BBEM vs. JMOM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF	18.28%	32.43%	5.61%	6.01%
JMOM JPMorgan U.S. Momentum Factor ETF	21.70%	18.02%	28.47%	17.76%

Correlation

The correlation between BBEM and JMOM is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since May 11, 2023	0.65

The correlation between BBEM and JMOM shifts across timeframes, from 0.65 (all time) to 0.78 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BBEM vs. JMOM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBEM

BBEM Risk / Return Rank: 62
BBEM Sharpe Ratio Rank: 58
BBEM Sortino Ratio Rank: 54
BBEM Omega Ratio Rank: 62
BBEM Calmar Ratio Rank: 69
BBEM Martin Ratio Rank: 67

JMOM

JMOM Risk / Return Rank: 80
JMOM Sharpe Ratio Rank: 76
JMOM Sortino Ratio Rank: 74
JMOM Omega Ratio Rank: 72
JMOM Calmar Ratio Rank: 87
JMOM Martin Ratio Rank: 91

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. JMOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and JPMorgan U.S. Momentum Factor ETF (JMOM). 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	JMOM	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.93	-0.38
Sortino ratio: Return per unit of downside risk	2.09	2.64	-0.55
Omega ratio: Gain probability vs. loss probability	1.30	1.34	-0.04
Calmar ratio: Return relative to maximum drawdown	2.73	3.93	-1.19
Martin ratio: Return relative to average drawdown	9.53	17.09	-7.56

BBEM vs. JMOM - Sharpe Ratio Comparison

The current BBEM Sharpe Ratio is 1.55, which is comparable to the JMOM Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of BBEM and JMOM, 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. JMOM - Drawdown Comparison

The maximum BBEM drawdown since its inception was -17.42%, smaller than the maximum JMOM drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for BBEM and JMOM.

Drawdown Indicators

	BBEM	JMOM	Difference
Max Drawdown Largest peak-to-trough decline	-17.42%	-34.31%	+16.89%
Max Drawdown (1Y) Largest decline over 1 year	-13.12%	-7.87%	-5.25%
Max Drawdown (3Y) Largest decline over 3 years	-17.42%	-19.51%	+2.09%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.26%	—
Current Drawdown Current decline from peak	-8.67%	-3.30%	-5.37%
Average Drawdown Average peak-to-trough decline	-3.74%	-6.26%	+2.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.75%	1.80%	+1.95%

Volatility

BBEM vs. JMOM - Volatility Comparison

JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) has a higher volatility of 11.10% compared to JPMorgan U.S. Momentum Factor ETF (JMOM) at 6.66%. This indicates that BBEM's price experiences larger fluctuations and is considered to be riskier than JMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBEM	JMOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.10%	6.66%	+4.44%
Volatility (6M) Calculated over the trailing 6-month period	21.20%	13.50%	+7.70%
Volatility (1Y) Calculated over the trailing 1-year period	23.11%	16.01%	+7.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.66%	18.93%	-0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.66%	20.18%	-1.52%

BBEM vs. JMOM - Expense Ratio Comparison

BBEM has a 0.15% expense ratio, which is higher than JMOM's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BBEM vs. JMOM - Dividend Comparison

BBEM's dividend yield for the trailing twelve months is around 4.90%, more than JMOM's 0.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF	4.90%	5.86%	2.73%	1.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JMOM JPMorgan U.S. Momentum Factor ETF	0.74%	0.86%	0.75%	1.21%	1.39%	0.64%	0.85%	1.11%	1.38%	0.29%

Frequently Asked Questions

Can I hold both BBEM and JMOM in my portfolio?

BBEM and JMOM have a correlation of 0.78, 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 JMOM?

BBEM has higher volatility (11.10%) compared to JMOM (6.66%). In terms of maximum drawdown, BBEM dropped -17.42% vs JMOM's -34.31%.

Which ETF is better, BBEM or JMOM?

On 3-year performance, JMOM leads with 25.62% vs 18.48% for BBEM. On fees, JMOM is cheaper at 0.12% per year. On volatility, JMOM has been the lower-risk option at 6.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBEM or JMOM?

Over the 3-year period, JMOM has performed better with a 25.62% return vs 18.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBEM or JMOM?

JMOM is cheaper with a 0.12% expense ratio, compared with 0.15% for BBEM.

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

BBEM has the higher dividend yield at 4.90%, compared with 0.74% for JMOM.

What is the main difference between BBEM and JMOM?

BBEM is categorized as Emerging Markets Diversified, while JMOM is Momentum. BBEM tracks Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net, while JMOM tracks JP Morgan US Momentum Factor Index. Their fees differ too: 0.15% for BBEM and 0.12% for JMOM.

Which has better risk-adjusted returns?

JMOM currently has the higher Sharpe Ratio (1.93 vs 1.55), 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.