BKEM vs. FPA
Compare and contrast key facts about BNY Mellon Emerging Markets Equity ETF (BKEM) and First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA).
BKEM and FPA 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 BNY Mellon that tracks the performance of the Morningstar Emerging Markets Large Cap Index. It was launched on Apr 24, 2020. FPA is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Asia Pacific Ex-Japan Index. It was launched on Apr 18, 2011. Both BKEM and FPA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BKEM vs. FPA - Performance Comparison
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BKEM vs. FPA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKEM BNY Mellon Emerging Markets Equity ETF | 6.61% | 30.55% | 7.53% | 8.68% | -19.43% | -3.91% | 47.53% |
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund | 18.48% | 43.16% | 3.95% | 9.97% | -14.55% | 2.98% | 51.12% |
Returns By Period
In the year-to-date period, BKEM achieves a 6.61% return, which is significantly lower than FPA's 18.48% return.
BKEM
- 1D
- 0.74%
- 1M
- -7.07%
- YTD
- 6.61%
- 6M
- 9.15%
- 1Y
- 34.00%
- 3Y*
- 16.18%
- 5Y*
- 3.78%
- 10Y*
- —
FPA
- 1D
- 0.90%
- 1M
- -10.72%
- YTD
- 18.48%
- 6M
- 20.78%
- 1Y
- 59.61%
- 3Y*
- 22.35%
- 5Y*
- 9.52%
- 10Y*
- 8.23%
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BKEM vs. FPA - Expense Ratio Comparison
BKEM has a 0.11% expense ratio, which is lower than FPA's 0.80% expense ratio.
Return for Risk
BKEM vs. FPA — Risk / Return Rank
BKEM
FPA
BKEM vs. FPA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Emerging Markets Equity ETF (BKEM) and First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA). 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 | FPA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 2.35 | -0.65 |
Sortino ratioReturn per unit of downside risk | 2.28 | 3.08 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.43 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.64 | 4.07 | -1.43 |
Martin ratioReturn relative to average drawdown | 9.80 | 16.17 | -6.37 |
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 | FPA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 2.35 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.41 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.26 | +0.33 |
Correlation
The correlation between BKEM and FPA is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BKEM vs. FPA - Dividend Comparison
BKEM's dividend yield for the trailing twelve months is around 1.77%, less than FPA's 4.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKEM BNY Mellon Emerging Markets Equity ETF | 1.77% | 2.25% | 2.76% | 3.02% | 3.15% | 2.22% | 1.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund | 4.50% | 4.71% | 3.40% | 3.02% | 4.22% | 5.12% | 1.59% | 3.90% | 2.81% | 3.15% | 2.42% | 1.74% |
Drawdowns
BKEM vs. FPA - Drawdown Comparison
The maximum BKEM drawdown since its inception was -39.48%, smaller than the maximum FPA drawdown of -52.91%. Use the drawdown chart below to compare losses from any high point for BKEM and FPA.
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Drawdown Indicators
| BKEM | FPA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.48% | -52.91% | +13.43% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -15.37% | +2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -36.65% | -35.36% | -1.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.91% | — |
Current DrawdownCurrent decline from peak | -9.29% | -11.73% | +2.44% |
Average DrawdownAverage peak-to-trough decline | -16.41% | -13.60% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 3.87% | -0.34% |
Volatility
BKEM vs. FPA - Volatility Comparison
The current volatility for BNY Mellon Emerging Markets Equity ETF (BKEM) is 9.18%, while First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) has a volatility of 11.13%. This indicates that BKEM experiences smaller price fluctuations and is considered to be less risky than FPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKEM | FPA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.18% | 11.13% | -1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 14.68% | 17.59% | -2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.08% | 25.57% | -5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.31% | 23.11% | -4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.87% | 21.91% | -3.04% |