BCEM vs. EQLT
BCEM (Baron Emerging Markets Select ETF) and EQLT (iShares MSCI Emerging Markets Quality Factor ETF) are both exchange-traded funds - BCEM is a Emerging Markets Equities fund actively managed by Baron Capital, while EQLT is a Quality Factor fund tracking the MSCI Emerging Markets Quality Factor Select Index. BCEM is actively managed, while EQLT is passively managed. Their correlation of 0.91 means they have usually moved in the same direction. BCEM charges 0.80%/yr vs 0.35%/yr for EQLT.
Performance
BCEM vs. EQLT - Performance Comparison
Loading charts...
Returns By Period
BCEM
- 1D
- 0.57%
- 1M
- -5.36%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
EQLT
- 1D
- 0.35%
- 1M
- -2.57%
- 6M
- 15.30%
- YTD
- 22.64%
- 1Y
- 41.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 29.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $108.38K | $126.63K | $170.35K | |
| $79.07K | $76.50K | $124.22K |
BCEM vs. EQLT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BCEM Baron Emerging Markets Select ETF | 3.19% |
EQLT iShares MSCI Emerging Markets Quality Factor ETF | 9.58% |
Correlation
The correlation between BCEM and EQLT is 0.91, 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 | 0.91 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BCEM vs. EQLT — Risk / Return Rank
BCEM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EQLT
BCEM vs. EQLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Emerging Markets Select ETF (BCEM) and iShares MSCI Emerging Markets Quality Factor ETF (EQLT). 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 | EQLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.44 | — |
| Martin ratioReturn relative to average drawdown | — | 10.90 | — |
Loading charts...
Drawdowns
BCEM vs. EQLT - Drawdown Comparison
The maximum BCEM drawdown since its inception was -12.06%, smaller than the maximum EQLT drawdown of -17.38%. Use the drawdown chart below to compare losses from any high point for BCEM and EQLT.
Loading charts...
Drawdown Indicators
| BCEM | EQLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.06% | -17.38% | +5.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.00% | — |
Current DrawdownCurrent decline from peak | -10.92% | -8.53% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -3.88% | -3.76% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.77% | — |
Volatility
BCEM vs. EQLT - Volatility Comparison
Loading charts...
Volatility by Period
| BCEM | EQLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.58% | 23.22% | +9.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.58% | 21.20% | +11.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.58% | 21.20% | +11.38% |
BCEM vs. EQLT - Expense Ratio Comparison
BCEM has a 0.80% expense ratio, which is higher than EQLT's 0.35% expense ratio.
Dividends
BCEM vs. EQLT - Dividend Comparison
BCEM has not paid dividends to shareholders, while EQLT's dividend yield for the trailing twelve months is around 2.86%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BCEM Baron Emerging Markets Select ETF | 0.00% | 0.00% | 0.00% |
EQLT iShares MSCI Emerging Markets Quality Factor ETF | 2.86% | 3.10% | 0.51% |
Frequently Asked Questions
With a correlation of 0.91, BCEM and EQLT 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, EQLT is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQLT is cheaper with a 0.35% expense ratio, compared with 0.80% for BCEM.
EQLT has the higher dividend yield at 2.86%, compared with 0.00% for BCEM.
BCEM is categorized as Emerging Markets Equities, while EQLT is Quality Factor. They also come from different issuers: Baron Capital and iShares. Their fees differ too: 0.80% for BCEM and 0.35% for EQLT.
Find the right allocation for BCEM and EQLT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer