BKEM vs. BBEM
BKEM (BNY Mellon Emerging Markets Equity ETF) and BBEM (JPMorgan Betabuilders Emerging Markets Equity ETF) are both exchange-traded funds - BKEM is a Asia Pacific Equities fund tracking the Morningstar Emerging Markets Large Cap Index, while BBEM is a Emerging Markets Diversified fund tracking the Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, BKEM returned 22.54%/yr vs 21.42%/yr for BBEM. With a 0.97 correlation, they move nearly in lockstep. BKEM charges 0.11%/yr vs 0.15%/yr for BBEM.
Performance
BKEM vs. BBEM - Performance Comparison
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Returns By Period
In the year-to-date period, BKEM achieves a 24.97% return, which is significantly higher than BBEM's 21.92% return.
BKEM
- 1D
- -5.37%
- 1M
- 2.20%
- YTD
- 24.97%
- 6M
- 25.93%
- 1Y
- 47.05%
- 3Y*
- 22.54%
- 5Y*
- 6.77%
- 10Y*
- —
BBEM
- 1D
- -5.86%
- 1M
- 2.04%
- YTD
- 21.92%
- 6M
- 22.38%
- 1Y
- 44.01%
- 3Y*
- 21.42%
- 5Y*
- —
- 10Y*
- —
BKEM vs. BBEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BKEM BNY Mellon Emerging Markets Equity ETF | 24.97% | 30.55% | 7.53% | 5.45% |
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 21.92% | 32.43% | 5.61% | 6.01% |
Correlation
The correlation between BKEM and BBEM is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since May 11, 2023 | 0.97 |
The correlation between BKEM and BBEM has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
BKEM vs. BBEM — Risk / Return Rank
BKEM
BBEM
BKEM vs. BBEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Emerging Markets Equity ETF (BKEM) and JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM). 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.
| BKEM | BBEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.38 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 3.37 | +0.24 |
| Martin ratioReturn relative to average drawdown | 13.18 | 12.56 | +0.62 |
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Drawdowns
BKEM vs. BBEM - Drawdown Comparison
The maximum BKEM drawdown since its inception was -39.48%, which is greater than BBEM's maximum drawdown of -17.42%. Use the drawdown chart below to compare losses from any high point for BKEM and BBEM.
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Drawdown Indicators
| BKEM | BBEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.48% | -17.42% | -22.06% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -13.12% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -18.38% | -17.42% | -0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -36.20% | — | — |
Current DrawdownCurrent decline from peak | -5.37% | -5.86% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -15.89% | -3.71% | -12.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 3.51% | +0.07% |
Volatility
BKEM vs. BBEM - Volatility Comparison
BNY Mellon Emerging Markets Equity ETF (BKEM) and JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) have volatilities of 12.30% and 12.60%, 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.
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Volatility by Period
| BKEM | BBEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.30% | 12.60% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 20.07% | 20.54% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.13% | 22.39% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.35% | 18.48% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.55% | 18.48% | +1.07% |
BKEM vs. BBEM - Expense Ratio Comparison
BKEM has a 0.11% expense ratio, which is lower than BBEM's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BKEM vs. BBEM - Dividend Comparison
BKEM's dividend yield for the trailing twelve months is around 1.51%, less than BBEM's 4.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 4.78% | 5.86% | 2.73% | 1.94% | 0.00% | 0.00% | 0.00% |
BKEM BNY Mellon Emerging Markets Equity ETF | 1.51% | 2.25% | 2.76% | 3.02% | 3.15% | 2.22% | 1.78% |
Frequently Asked Questions
With a correlation of 0.96, BKEM and BBEM 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.
BBEM has higher volatility (12.60%) compared to BKEM (12.30%). In terms of maximum drawdown, BKEM dropped -39.48% vs BBEM's -17.42%.
On 3-year performance, BKEM leads with 22.54% vs 21.42% for BBEM. On fees, BKEM is cheaper at 0.11% per year. On volatility, BKEM has been the lower-risk option at 12.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BKEM has performed better with a 22.54% return vs 21.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKEM is cheaper with a 0.11% expense ratio, compared with 0.15% for BBEM.
BBEM has the higher dividend yield at 4.78%, compared with 1.51% for BKEM.
BKEM is categorized as Asia Pacific Equities, while BBEM is Emerging Markets Diversified. BKEM tracks Morningstar Emerging Markets Large Cap Index, while BBEM tracks Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net. They also come from different issuers: BNY Mellon and JPMorgan. Their fees differ too: 0.11% for BKEM and 0.15% for BBEM.
BKEM currently has the higher Sharpe Ratio (2.14 vs 1.98), 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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