BKEM vs. BKMI
BKEM (BNY Mellon Emerging Markets Equity ETF) and BKMI (BNY Mellon Municipal Intermediate ETF) are both exchange-traded funds - BKEM is a Asia Pacific Equities fund tracking the Morningstar Emerging Markets Large Cap Index, while BKMI is a Municipal Bonds fund actively managed by BNY Mellon. BKEM is passively managed, while BKMI is actively managed. At a 0.35 correlation, their price movements are largely independent. BKEM charges 0.11%/yr vs 0.35%/yr for BKMI.
Performance
BKEM vs. BKMI - Performance Comparison
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Returns By Period
BKEM
- 1D
- -5.37%
- 1M
- 2.20%
- YTD
- 24.97%
- 6M
- 25.93%
- 1Y
- 47.05%
- 3Y*
- 22.54%
- 5Y*
- 6.77%
- 10Y*
- —
BKMI
- 1D
- -0.08%
- 1M
- 0.97%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BKEM vs. BKMI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BKEM BNY Mellon Emerging Markets Equity ETF | 19.73% |
BKMI BNY Mellon Municipal Intermediate ETF | 0.29% |
Correlation
The correlation between BKEM and BKMI is 0.35, 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 12, 2026 | 0.35 |
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Return for Risk
BKEM vs. BKMI — Risk / Return Rank
BKEM
BKMI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BKEM vs. BKMI - 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 Municipal Intermediate ETF (BKMI). 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 | BKMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.40 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | — | — |
| Martin ratioReturn relative to average drawdown | 13.18 | — | — |
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Drawdowns
BKEM vs. BKMI - Drawdown Comparison
The maximum BKEM drawdown since its inception was -39.48%, which is greater than BKMI's maximum drawdown of -2.99%. Use the drawdown chart below to compare losses from any high point for BKEM and BKMI.
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Drawdown Indicators
| BKEM | BKMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.48% | -2.99% | -36.49% |
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 | -36.20% | — | — |
Current DrawdownCurrent decline from peak | -5.37% | -1.19% | -4.18% |
Average DrawdownAverage peak-to-trough decline | -15.89% | -1.16% | -14.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | — | — |
Volatility
BKEM vs. BKMI - Volatility Comparison
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Volatility by Period
| BKEM | BKMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.30% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.07% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.13% | 2.82% | +19.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.35% | 2.82% | +16.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.55% | 2.82% | +16.73% |
BKEM vs. BKMI - Expense Ratio Comparison
BKEM has a 0.11% expense ratio, which is lower than BKMI's 0.35% expense ratio.
Dividends
BKEM vs. BKMI - Dividend Comparison
BKEM's dividend yield for the trailing twelve months is around 1.51%, more than BKMI's 0.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BKEM BNY Mellon Emerging Markets Equity ETF | 1.51% | 2.25% | 2.76% | 3.02% | 3.15% | 2.22% | 1.78% |
BKMI BNY Mellon Municipal Intermediate ETF | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BKEM and BKMI have a correlation of 0.35, 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 0.35% for BKMI.
BKEM has the higher dividend yield at 1.51%, compared with 0.98% for BKMI.
BKEM is categorized as Asia Pacific Equities, while BKMI is Municipal Bonds. Their fees differ too: 0.11% for BKEM and 0.35% for BKMI.
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