BCEM vs. EEMO

Last updated Jul 18, 2026

BCEM (Baron Emerging Markets Select ETF) and EEMO (Invesco S&P Emerging Markets Momentum ETF) are both exchange-traded funds - BCEM is a Emerging Markets Equities fund actively managed by Baron Capital, while EEMO is a Momentum fund tracking the S&P Momentum Emerging Plus LargeMidCap Index. BCEM is actively managed, while EEMO is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. BCEM charges 0.80%/yr vs 0.31%/yr for EEMO.

Performance

BCEM vs. EEMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Emerging Markets Select ETF (BCEM) and Invesco S&P Emerging Markets Momentum ETF (EEMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BCEM

• 1D: -1.58%
• 1M: -8.84%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EEMO

• 1D: -1.05%
• 1M: -15.21%
• 6M: 12.30%
• YTD: 17.69%
• 1Y: 21.64%
• 3Y*: 15.52%
• 5Y*: 3.87%
• 10Y*: 6.62%

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

BCEM vs. EEMO - Yearly Performance Comparison

	2026 (YTD)
BCEM Baron Emerging Markets Select ETF	1.87%
EEMO Invesco S&P Emerging Markets Momentum ETF	9.73%

Correlation

The correlation between BCEM and EEMO is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026	0.93

Return for Risk

BCEM vs. EEMO — Risk / Return Rank

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

BCEM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

EEMO

EEMO Risk / Return Rank: 27
EEMO Sharpe Ratio Rank: 23
EEMO Sortino Ratio Rank: 23
EEMO Omega Ratio Rank: 28
EEMO Calmar Ratio Rank: 27
EEMO Martin Ratio Rank: 34

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.

BCEM vs. EEMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Emerging Markets Select ETF (BCEM) and Invesco S&P Emerging Markets Momentum ETF (EEMO). 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.

	BCEM	EEMO	Difference
Sharpe ratio: Return per unit of total volatility	—	0.65	—
Sortino ratio: Return per unit of downside risk	—	1.09	—
Omega ratio: Gain probability vs. loss probability	—	1.16	—
Calmar ratio: Return relative to maximum drawdown	—	1.07	—
Martin ratio: Return relative to average drawdown	—	4.12	—

Drawdowns

BCEM vs. EEMO - Drawdown Comparison

The maximum BCEM drawdown since its inception was -12.06%, smaller than the maximum EEMO drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for BCEM and EEMO.

Drawdown Indicators

	BCEM	EEMO	Difference
Max Drawdown Largest peak-to-trough decline	-12.06%	-48.47%	+36.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.38%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.57%	—
Current Drawdown Current decline from peak	-12.06%	-20.38%	+8.32%
Average Drawdown Average peak-to-trough decline	-3.32%	-20.08%	+16.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.26%	—

Volatility

Volatility by Period

	BCEM	EEMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	33.24%	33.35%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.24%	21.77%	+11.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.24%	22.75%	+10.49%

BCEM vs. EEMO - Expense Ratio Comparison

BCEM has a 0.80% expense ratio, which is higher than EEMO's 0.31% expense ratio.

Dividends

BCEM vs. EEMO - Dividend Comparison

BCEM has not paid dividends to shareholders, while EEMO's dividend yield for the trailing twelve months is around 1.93%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCEM Baron Emerging Markets Select ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EEMO Invesco S&P Emerging Markets Momentum ETF	1.93%	2.31%	2.57%	3.65%	3.82%	1.51%	1.53%	2.13%	13.10%	5.13%	1.55%	2.92%

Frequently Asked Questions

Can I hold both BCEM and EEMO in my portfolio?

With a correlation of 0.93, BCEM and EEMO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BCEM or EEMO?

On fees, EEMO is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCEM or EEMO?

EEMO is cheaper with a 0.31% expense ratio, compared with 0.80% for BCEM.

Which ETF pays a higher dividend yield, BCEM or EEMO?

EEMO has the higher dividend yield at 1.93%, compared with 0.00% for BCEM.

What is the main difference between BCEM and EEMO?

BCEM is categorized as Emerging Markets Equities, while EEMO is Momentum. They also come from different issuers: Baron Capital and Invesco. Their fees differ too: 0.80% for BCEM and 0.31% for EEMO.