BBEM vs. VOO
BBEM (JPMorgan Betabuilders Emerging Markets Equity ETF) and VOO (Vanguard S&P 500 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 VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, BBEM returned 23.89%/yr vs 21.36%/yr for VOO. A 0.67 correlation means they provide meaningful diversification when combined. BBEM charges 0.15%/yr vs 0.03%/yr for VOO.
Performance
BBEM vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, BBEM achieves a 29.51% return, which is significantly higher than VOO's 9.75% return.
BBEM
- 1D
- 0.32%
- 1M
- 8.39%
- YTD
- 29.51%
- 6M
- 29.97%
- 1Y
- 54.15%
- 3Y*
- 23.89%
- 5Y*
- —
- 10Y*
- —
VOO
- 1D
- -0.29%
- 1M
- 0.08%
- YTD
- 9.75%
- 6M
- 9.30%
- 1Y
- 26.77%
- 3Y*
- 21.36%
- 5Y*
- 13.58%
- 10Y*
- 15.77%
BBEM vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 29.51% | 32.43% | 5.61% | 6.01% |
VOO Vanguard S&P 500 ETF | 9.75% | 17.82% | 24.98% | 16.57% |
Correlation
The correlation between BBEM and VOO is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 11, 2023 | 0.67 |
The correlation between BBEM and VOO has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.
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Return for Risk
BBEM vs. VOO — Risk / Return Rank
BBEM
VOO
BBEM vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.39 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 3.02 | +1.13 |
| Martin ratioReturn relative to average drawdown | 15.54 | 13.58 | +1.96 |
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Drawdowns
BBEM vs. VOO - Drawdown Comparison
The maximum BBEM drawdown since its inception was -17.42%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BBEM and VOO.
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Drawdown Indicators
| BBEM | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.42% | -33.99% | +16.57% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -8.90% | -4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -17.42% | -18.69% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.74% | +1.74% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -3.68% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 1.98% | +1.51% |
Volatility
BBEM vs. VOO - Volatility Comparison
JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) has a higher volatility of 10.85% compared to Vanguard S&P 500 ETF (VOO) at 4.60%. This indicates that BBEM's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBEM | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.85% | 4.60% | +6.25% |
Volatility (6M)Calculated over the trailing 6-month period | 19.58% | 9.73% | +9.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.60% | 12.39% | +9.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.18% | 16.90% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 18.05% | +0.13% |
BBEM vs. VOO - Expense Ratio Comparison
BBEM has a 0.15% expense ratio, which is higher than VOO's 0.03% 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. VOO - Dividend Comparison
BBEM's dividend yield for the trailing twelve months is around 4.50%, more than VOO's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 4.50% | 5.86% | 2.73% | 1.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.04% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
BBEM and VOO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBEM has higher volatility (10.85%) compared to VOO (4.60%). In terms of maximum drawdown, BBEM dropped -17.42% vs VOO's -33.99%.
On 3-year performance, BBEM leads with 23.89% vs 21.36% for VOO. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BBEM has performed better with a 23.89% return vs 21.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.15% for BBEM.
BBEM has the higher dividend yield at 4.50%, compared with 1.04% for VOO.
BBEM is categorized as Emerging Markets Diversified, while VOO is S&P 500. BBEM tracks Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net, while VOO tracks S&P 500 Index. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.15% for BBEM and 0.03% for VOO.
BBEM currently has the higher Sharpe Ratio (2.52 vs 2.17), 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.
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