BKEM vs. IND

Last updated Jun 4, 2026

BKEM (BNY Mellon Emerging Markets Equity ETF) and IND (Xtrackers Nifty 500 India ETF) are both Asia Pacific Equities funds - BKEM tracks the Morningstar Emerging Markets Large Cap Index while IND tracks the Nifty 500 Index. Both are passively managed. A 0.54 correlation means they provide meaningful diversification when combined. BKEM charges 0.11%/yr vs 0.19%/yr for IND.

Performance

BKEM vs. IND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Emerging Markets Equity ETF (BKEM) and Xtrackers Nifty 500 India ETF (IND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKEM achieves a 30.24% return, which is significantly higher than IND's -11.42% return.

BKEM

• 1D: -0.95%
• 1M: 8.75%
• YTD: 30.24%
• 6M: 32.64%
• 1Y: 57.21%
• 3Y*: 24.11%
• 5Y*: 7.37%
• 10Y*: —

IND

• 1D: -0.72%
• 1M: -0.79%
• YTD: -11.42%
• 6M: -10.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BKEM vs. IND - Yearly Performance Comparison

	2026 (YTD)	2025
BKEM BNY Mellon Emerging Markets Equity ETF	30.24%	2.87%
IND Xtrackers Nifty 500 India ETF	-11.42%	-1.11%

Correlation

The correlation between BKEM and IND is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025	0.54

Return for Risk

BKEM vs. IND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BKEM

BKEM Risk / Return Rank: 84
BKEM Sharpe Ratio Rank: 87
BKEM Sortino Ratio Rank: 84
BKEM Omega Ratio Rank: 84
BKEM Calmar Ratio Rank: 83
BKEM Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BKEM vs. IND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Emerging Markets Equity ETF (BKEM) and Xtrackers Nifty 500 India ETF (IND). 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	IND	Difference
Sharpe ratio: Return per unit of total volatility	2.95	—	—
Sortino ratio: Return per unit of downside risk	3.83	—	—
Omega ratio: Gain probability vs. loss probability	1.52	—	—
Calmar ratio: Return relative to maximum drawdown	4.39	—	—
Martin ratio: Return 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.

Sharpe Ratios by Period

	BKEM	IND	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	-1.13	+1.88

Drawdowns

BKEM vs. IND - Drawdown Comparison

The maximum BKEM drawdown since its inception was -39.48%, which is greater than IND's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for BKEM and IND.

Drawdown Indicators

	BKEM	IND	Difference
Max Drawdown Largest peak-to-trough decline	-39.48%	-18.75%	-20.73%
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 Drawdown Current decline from peak	-0.95%	-12.57%	+11.62%
Average Drawdown Average peak-to-trough decline	-16.00%	-7.47%	-8.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	—	—

Volatility

Volatility by Period

	BKEM	IND	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%	20.26%	-0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.73%	20.26%	-1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.12%	20.26%	-1.14%

BKEM vs. IND - Expense Ratio Comparison

BKEM has a 0.11% expense ratio, which is lower than IND's 0.19% 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. IND - Dividend Comparison

BKEM's dividend yield for the trailing twelve months is around 1.45%, while IND has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
BKEM BNY Mellon Emerging Markets Equity ETF	1.45%	2.25%	2.76%	3.02%	3.15%	2.22%	1.78%
IND Xtrackers Nifty 500 India ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKEM and IND in my portfolio?

BKEM and IND have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKEM or IND?

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.

Which ETF is cheaper, BKEM or IND?

BKEM is cheaper with a 0.11% expense ratio, compared with 0.19% for IND.

Which ETF pays a higher dividend yield, BKEM or IND?

BKEM has the higher dividend yield at 1.45%, compared with 0.00% for IND.

What is the main difference between BKEM and IND?

BKEM tracks Morningstar Emerging Markets Large Cap Index, while IND tracks Nifty 500 Index. They also come from different issuers: BNY Mellon and Xtrackers. Their fees differ too: 0.11% for BKEM and 0.19% for IND.