BKEM vs. SPYG
Compare and contrast key facts about BNY Mellon Emerging Markets Equity ETF (BKEM) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
BKEM and SPYG 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. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000. Both BKEM and SPYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKEM or SPYG.
Performance
BKEM vs. SPYG - Performance Comparison
Returns By Period
In the year-to-date period, BKEM achieves a 7.91% return, which is significantly lower than SPYG's 31.50% return.
BKEM
7.91%
-6.20%
-0.88%
12.72%
N/A
N/A
SPYG
31.50%
1.51%
14.28%
37.56%
17.26%
14.87%
Key characteristics
| BKEM | SPYG | |
|---|---|---|
| Sharpe Ratio | 0.77 | 2.22 |
| Sortino Ratio | 1.16 | 2.90 |
| Omega Ratio | 1.14 | 1.41 |
| Calmar Ratio | 0.39 | 2.81 |
| Martin Ratio | 3.83 | 11.80 |
| Ulcer Index | 3.04% | 3.21% |
| Daily Std Dev | 15.14% | 17.04% |
| Max Drawdown | -39.48% | -67.79% |
| Current Drawdown | -19.68% | -2.77% |
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BKEM vs. SPYG - Expense Ratio Comparison
BKEM has a 0.11% expense ratio, which is higher than SPYG's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between BKEM and SPYG is 0.61, 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.
Risk-Adjusted Performance
BKEM vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Emerging Markets Equity ETF (BKEM) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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. SPYG - Dividend Comparison
BKEM's dividend yield for the trailing twelve months is around 2.62%, more than SPYG's 0.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKEM BNY Mellon Emerging Markets Equity ETF | 2.62% | 3.02% | 3.15% | 2.22% | 1.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.66% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
Drawdowns
BKEM vs. SPYG - Drawdown Comparison
The maximum BKEM drawdown since its inception was -39.48%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for BKEM and SPYG. For additional features, visit the drawdowns tool.
Volatility
BKEM vs. SPYG - Volatility Comparison
The current volatility for BNY Mellon Emerging Markets Equity ETF (BKEM) is 4.78%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 5.52%. This indicates that BKEM experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.