BCHI vs. DIEM

Last updated Jul 17, 2026

BCHI (GMO Beyond China ETF) and DIEM (Franklin Emerging Market Core Dividend Tilt Index ETF) are both Emerging Markets Diversified funds. BCHI is actively managed, while DIEM is passively managed. Over the past year, BCHI returned 38.27% vs 38.88% for DIEM. Their correlation of 0.87 suggests significant overlap in exposure. BCHI charges 0.65%/yr vs 0.19%/yr for DIEM.

Performance

BCHI vs. DIEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Beyond China ETF (BCHI) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCHI achieves a 21.67% return, which is significantly lower than DIEM's 23.35% return.

BCHI

• 1D: -1.23%
• 1M: -8.59%
• 6M: 15.64%
• YTD: 21.67%
• 1Y: 38.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DIEM

• 1D: -2.00%
• 1M: -6.03%
• 6M: 16.95%
• YTD: 23.35%
• 1Y: 38.88%
• 3Y*: 23.48%
• 5Y*: 10.89%
• 10Y*: 8.23%

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

BCHI vs. DIEM - Yearly Performance Comparison

	2026 (YTD)	2025
BCHI GMO Beyond China ETF	21.67%	26.33%
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	23.35%	27.44%

Correlation

The correlation between BCHI and DIEM is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.87

The correlation between BCHI and DIEM has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.

Return for Risk

BCHI vs. DIEM — Risk / Return Rank

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

BCHI

BCHI Risk / Return Rank: 63
BCHI Sharpe Ratio Rank: 62
BCHI Sortino Ratio Rank: 57
BCHI Omega Ratio Rank: 66
BCHI Calmar Ratio Rank: 68
BCHI Martin Ratio Rank: 65

DIEM

DIEM Risk / Return Rank: 71
DIEM Sharpe Ratio Rank: 69
DIEM Sortino Ratio Rank: 62
DIEM Omega Ratio Rank: 73
DIEM Calmar Ratio Rank: 77
DIEM Martin Ratio Rank: 74

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.

BCHI vs. DIEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Beyond China ETF (BCHI) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM). 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.

	BCHI	DIEM	Difference
Sharpe ratio: Return per unit of total volatility	1.64	1.77	-0.13
Sortino ratio: Return per unit of downside risk	2.21	2.31	-0.10
Omega ratio: Gain probability vs. loss probability	1.32	1.34	-0.03
Calmar ratio: Return relative to maximum drawdown	2.72	3.17	-0.45
Martin ratio: Return relative to average drawdown	9.09	10.80	-1.71

BCHI vs. DIEM - Sharpe Ratio Comparison

The current BCHI Sharpe Ratio is 1.64, which is comparable to the DIEM Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of BCHI and DIEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BCHI vs. DIEM - Drawdown Comparison

The maximum BCHI drawdown since its inception was -14.33%, smaller than the maximum DIEM drawdown of -38.61%. Use the drawdown chart below to compare losses from any high point for BCHI and DIEM.

Drawdown Indicators

	BCHI	DIEM	Difference
Max Drawdown Largest peak-to-trough decline	-14.33%	-38.61%	+24.28%
Max Drawdown (1Y) Largest decline over 1 year	-14.14%	-12.33%	-1.81%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.82%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.61%	—
Current Drawdown Current decline from peak	-11.47%	-9.73%	-1.74%
Average Drawdown Average peak-to-trough decline	-2.53%	-9.66%	+7.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.22%	3.61%	+0.61%

Volatility

BCHI vs. DIEM - Volatility Comparison

GMO Beyond China ETF (BCHI) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) have volatilities of 9.82% and 9.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCHI	DIEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.82%	9.72%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	21.84%	20.47%	+1.37%
Volatility (1Y) Calculated over the trailing 1-year period	23.45%	22.08%	+1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.60%	17.84%	+4.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.60%	17.94%	+4.66%

BCHI vs. DIEM - Expense Ratio Comparison

BCHI has a 0.65% expense ratio, which is higher than DIEM's 0.19% expense ratio.

Dividends

BCHI vs. DIEM - Dividend Comparison

BCHI's dividend yield for the trailing twelve months is around 3.66%, more than DIEM's 3.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BCHI GMO Beyond China ETF	3.66%	3.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	3.01%	2.99%	4.92%	4.45%	6.31%	4.06%	2.75%	5.98%	3.87%	2.61%	0.35%

Frequently Asked Questions

Can I hold both BCHI and DIEM in my portfolio?

BCHI and DIEM have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCHI or DIEM?

BCHI has higher volatility (9.82%) compared to DIEM (9.72%). In terms of maximum drawdown, BCHI dropped -14.33% vs DIEM's -38.61%.

Which ETF is better, BCHI or DIEM?

On 1-year performance, DIEM leads with 38.88% vs 38.27% for BCHI. On fees, DIEM is cheaper at 0.19% per year. On volatility, DIEM has been the lower-risk option at 9.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BCHI or DIEM?

Over the 1-year period, DIEM has performed better with a 38.88% return vs 38.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BCHI or DIEM?

DIEM is cheaper with a 0.19% expense ratio, compared with 0.65% for BCHI.

Which ETF pays a higher dividend yield, BCHI or DIEM?

BCHI has the higher dividend yield at 3.66%, compared with 3.01% for DIEM.

What is the main difference between BCHI and DIEM?

They also come from different issuers: GMO and Franklin Templeton. Their fees differ too: 0.65% for BCHI and 0.19% for DIEM.

Which has better risk-adjusted returns?

DIEM currently has the higher Sharpe Ratio (1.77 vs 1.64), 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.