BBEM vs. SPEM
Compare and contrast key facts about JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and SPDR Portfolio Emerging Markets ETF (SPEM).
BBEM and SPEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBEM is a passively managed fund by JPMorgan that tracks the performance of the Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net. It was launched on May 10, 2023. SPEM is a passively managed fund by State Street that tracks the performance of the S&P Emerging Markets BMI. It was launched on Mar 19, 2007. Both BBEM and SPEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBEM or SPEM.
Key characteristics
| BBEM | SPEM | |
|---|---|---|
| YTD Return | 7.64% | 10.03% |
| 1Y Return | 12.33% | 15.51% |
| Sharpe Ratio | 0.88 | 1.14 |
| Daily Std Dev | 13.73% | 13.39% |
| Max Drawdown | -12.37% | -64.41% |
| Current Drawdown | -3.07% | -9.78% |
Correlation
The correlation between BBEM and SPEM is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BBEM vs. SPEM - Performance Comparison
In the year-to-date period, BBEM achieves a 7.64% return, which is significantly lower than SPEM's 10.03% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBEM vs. SPEM - Expense Ratio Comparison
BBEM has a 0.15% expense ratio, which is higher than SPEM's 0.11% 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%.
Risk-Adjusted Performance
BBEM vs. SPEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and SPDR Portfolio Emerging Markets ETF (SPEM). 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.
Dividends
BBEM vs. SPEM - Dividend Comparison
BBEM's dividend yield for the trailing twelve months is around 2.74%, more than SPEM's 2.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 1.60% | 1.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPEM SPDR Portfolio Emerging Markets ETF | 2.59% | 2.80% | 3.38% | 3.14% | 1.92% | 2.94% | 2.34% | 1.12% | 1.51% | 2.40% | 2.26% | 1.91% |
Drawdowns
BBEM vs. SPEM - Drawdown Comparison
The maximum BBEM drawdown since its inception was -12.37%, smaller than the maximum SPEM drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for BBEM and SPEM. For additional features, visit the drawdowns tool.
Volatility
BBEM vs. SPEM - Volatility Comparison
JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) has a higher volatility of 4.07% compared to SPDR Portfolio Emerging Markets ETF (SPEM) at 3.79%. This indicates that BBEM's price experiences larger fluctuations and is considered to be riskier than SPEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.