BKEM vs. BCPL
BKEM (BNY Mellon Emerging Markets Equity ETF) and BCPL (BNY Mellon Core Plus ETF) are both exchange-traded funds - BKEM is a Asia Pacific Equities fund tracking the Morningstar Emerging Markets Large Cap Index, while BCPL is a Intermediate Core-Plus Bond fund actively managed by BNY Mellon. BKEM is passively managed, while BCPL is actively managed. At a 0.47 correlation, their price movements are largely independent. BKEM charges 0.11%/yr vs 0.40%/yr for BCPL.
Performance
BKEM vs. BCPL - Performance Comparison
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Returns By Period
BKEM
- 1D
- -0.95%
- 1M
- 8.75%
- YTD
- 30.24%
- 6M
- 32.64%
- 1Y
- 57.21%
- 3Y*
- 24.11%
- 5Y*
- 7.37%
- 10Y*
- —
BCPL
- 1D
- -0.08%
- 1M
- 0.38%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BKEM vs. BCPL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BKEM BNY Mellon Emerging Markets Equity ETF | 23.11% |
BCPL BNY Mellon Core Plus ETF | 0.55% |
Correlation
The correlation between BKEM and BCPL is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026 | 0.47 |
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Return for Risk
BKEM vs. BCPL — Risk / Return Rank
BKEM
BCPL
BKEM vs. BCPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Emerging Markets Equity ETF (BKEM) and BNY Mellon Core Plus ETF (BCPL). 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.
| BKEM | BCPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.52 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.39 | — | — |
| Martin ratioReturn relative to average drawdown | 16.85 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKEM | BCPL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.95 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.36 | +0.40 |
Drawdowns
BKEM vs. BCPL - Drawdown Comparison
The maximum BKEM drawdown since its inception was -39.48%, which is greater than BCPL's maximum drawdown of -2.95%. Use the drawdown chart below to compare losses from any high point for BKEM and BCPL.
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Drawdown Indicators
| BKEM | BCPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.48% | -2.95% | -36.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.38% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -36.53% | — | — |
Current DrawdownCurrent decline from peak | -0.95% | -1.12% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -16.00% | -1.05% | -14.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | — | — |
Volatility
BKEM vs. BCPL - Volatility Comparison
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Volatility by Period
| BKEM | BCPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.10% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.75% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.46% | 4.04% | +15.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 4.04% | +14.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.12% | 4.04% | +15.08% |
BKEM vs. BCPL - Expense Ratio Comparison
BKEM has a 0.11% expense ratio, which is lower than BCPL's 0.40% expense ratio.
Dividends
BKEM vs. BCPL - Dividend Comparison
BKEM's dividend yield for the trailing twelve months is around 1.45%, less than BCPL's 1.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BCPL BNY Mellon Core Plus ETF | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BKEM BNY Mellon Emerging Markets Equity ETF | 1.45% | 2.25% | 2.76% | 3.02% | 3.15% | 2.22% | 1.78% |
Frequently Asked Questions
BKEM and BCPL have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BKEM is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BKEM is cheaper with a 0.11% expense ratio, compared with 0.40% for BCPL.
BCPL has the higher dividend yield at 1.57%, compared with 1.45% for BKEM.
BKEM is categorized as Asia Pacific Equities, while BCPL is Intermediate Core-Plus Bond. Their fees differ too: 0.11% for BKEM and 0.40% for BCPL.
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