BKEM vs. EMMF
Compare and contrast key facts about BNY Mellon Emerging Markets Equity ETF (BKEM) and WisdomTree Emerging Markets Multifactor Fund (EMMF).
BKEM and EMMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKEM is a passively managed fund by The Bank of New York Mellon Corp. that tracks the performance of the Morningstar Emerging Markets Large Cap Index. It was launched on Apr 24, 2020. EMMF is an actively managed fund by WisdomTree. It was launched on Aug 10, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKEM or EMMF.
Performance
BKEM vs. EMMF - Performance Comparison
Returns By Period
In the year-to-date period, BKEM achieves a 7.91% return, which is significantly lower than EMMF's 9.48% return.
BKEM
7.91%
-6.20%
-0.88%
12.72%
N/A
N/A
EMMF
9.48%
-5.40%
-1.27%
15.77%
7.12%
N/A
Key characteristics
| BKEM | EMMF | |
|---|---|---|
| Sharpe Ratio | 0.77 | 1.33 |
| Sortino Ratio | 1.16 | 1.86 |
| Omega Ratio | 1.14 | 1.24 |
| Calmar Ratio | 0.39 | 1.98 |
| Martin Ratio | 3.83 | 6.97 |
| Ulcer Index | 3.04% | 2.20% |
| Daily Std Dev | 15.14% | 11.50% |
| Max Drawdown | -39.48% | -32.55% |
| Current Drawdown | -19.68% | -7.29% |
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BKEM vs. EMMF - Expense Ratio Comparison
BKEM has a 0.11% expense ratio, which is lower than EMMF's 0.48% expense ratio.
Correlation
The correlation between BKEM and EMMF is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
BKEM vs. EMMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Emerging Markets Equity ETF (BKEM) and WisdomTree Emerging Markets Multifactor Fund (EMMF). 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.
Dividends
BKEM vs. EMMF - Dividend Comparison
BKEM's dividend yield for the trailing twelve months is around 2.62%, more than EMMF's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BKEM BNY Mellon Emerging Markets Equity ETF | 2.62% | 3.02% | 3.15% | 2.22% | 1.78% | 0.00% | 0.00% |
EMMF WisdomTree Emerging Markets Multifactor Fund | 1.34% | 1.62% | 3.48% | 2.64% | 1.93% | 2.93% | 0.66% |
Drawdowns
BKEM vs. EMMF - Drawdown Comparison
The maximum BKEM drawdown since its inception was -39.48%, which is greater than EMMF's maximum drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for BKEM and EMMF. For additional features, visit the drawdowns tool.
Volatility
BKEM vs. EMMF - Volatility Comparison
BNY Mellon Emerging Markets Equity ETF (BKEM) has a higher volatility of 4.78% compared to WisdomTree Emerging Markets Multifactor Fund (EMMF) at 3.28%. This indicates that BKEM's price experiences larger fluctuations and is considered to be riskier than EMMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.