BCEM vs. EMDM
BCEM (Baron Emerging Markets Select ETF) and EMDM (First Trust Bloomberg Emerging Market Democracies ETF) are both Emerging Markets Equities funds. BCEM is actively managed, while EMDM is passively managed. Their correlation of 0.94 means they have usually moved in the same direction. BCEM charges 0.80%/yr vs 0.75%/yr for EMDM.
Performance
BCEM vs. EMDM - Performance Comparison
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Returns By Period
BCEM
- 1D
- 0.57%
- 1M
- -5.36%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
EMDM
- 1D
- 0.20%
- 1M
- -7.15%
- 6M
- 13.41%
- YTD
- 27.11%
- 1Y
- 61.29%
- 3Y*
- 25.73%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $108.38K | $126.63K | $170.35K | |
| $1.04M | $798.61K | $581.23K |
BCEM vs. EMDM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BCEM Baron Emerging Markets Select ETF | 3.19% |
EMDM First Trust Bloomberg Emerging Market Democracies ETF | 3.95% |
Correlation
The correlation between BCEM and EMDM is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026 | 0.94 |
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Return for Risk
BCEM vs. EMDM — Risk / Return Rank
BCEM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EMDM
BCEM vs. EMDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Emerging Markets Select ETF (BCEM) and First Trust Bloomberg Emerging Market Democracies ETF (EMDM). 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 | EMDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.39 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.94 | — |
| Martin ratioReturn relative to average drawdown | — | 13.32 | — |
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Drawdowns
BCEM vs. EMDM - Drawdown Comparison
The maximum BCEM drawdown since its inception was -12.06%, smaller than the maximum EMDM drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for BCEM and EMDM.
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Drawdown Indicators
| BCEM | EMDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.06% | -18.81% | +6.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.65% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.81% | — |
Current DrawdownCurrent decline from peak | -10.92% | -11.41% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -3.88% | -4.16% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.62% | — |
Volatility
BCEM vs. EMDM - Volatility Comparison
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Volatility by Period
| BCEM | EMDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.05% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 25.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.58% | 27.50% | +5.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.58% | 21.02% | +11.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.58% | 21.02% | +11.56% |
BCEM vs. EMDM - Expense Ratio Comparison
BCEM has a 0.80% expense ratio, which is higher than EMDM's 0.75% expense ratio.
Dividends
BCEM vs. EMDM - Dividend Comparison
BCEM has not paid dividends to shareholders, while EMDM's dividend yield for the trailing twelve months is around 2.98%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BCEM Baron Emerging Markets Select ETF | 0.00% | 0.00% | 0.00% | 0.00% |
EMDM First Trust Bloomberg Emerging Market Democracies ETF | 2.98% | 3.57% | 5.87% | 2.16% |
Frequently Asked Questions
With a correlation of 0.94, BCEM and EMDM 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.
On fees, EMDM is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMDM is cheaper with a 0.75% expense ratio, compared with 0.80% for BCEM.
EMDM has the higher dividend yield at 2.98%, compared with 0.00% for BCEM.
They also come from different issuers: Baron Capital and First Trust. Their fees differ too: 0.80% for BCEM and 0.75% for EMDM.
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