BKEM vs. XCEM
Compare and contrast key facts about BNY Mellon Emerging Markets Equity ETF (BKEM) and Columbia EM Core ex-China ETF (XCEM).
BKEM and XCEM 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. XCEM is a passively managed fund by Ameriprise Financial that tracks the performance of the MSCI Emerging Markets ex China Index. It was launched on Sep 2, 2015. Both BKEM and XCEM 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 XCEM.
Key characteristics
| BKEM | XCEM | |
|---|---|---|
| YTD Return | 7.20% | 5.70% |
| 1Y Return | 10.96% | 14.48% |
| 3Y Return (Ann) | -4.01% | 0.03% |
| Sharpe Ratio | 0.73 | 0.97 |
| Daily Std Dev | 14.09% | 14.19% |
| Max Drawdown | -39.48% | -40.92% |
| Current Drawdown | -20.20% | -3.92% |
Correlation
The correlation between BKEM and XCEM is 0.87, 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.
Performance
BKEM vs. XCEM - Performance Comparison
In the year-to-date period, BKEM achieves a 7.20% return, which is significantly higher than XCEM's 5.70% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BKEM vs. XCEM - Expense Ratio Comparison
BKEM has a 0.11% expense ratio, which is lower than XCEM's 0.16% 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%.
Risk-Adjusted Performance
BKEM vs. XCEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Emerging Markets Equity ETF (BKEM) and Columbia EM Core ex-China ETF (XCEM). 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. XCEM - Dividend Comparison
BKEM's dividend yield for the trailing twelve months is around 2.70%, more than XCEM's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKEM BNY Mellon Emerging Markets Equity ETF | 2.70% | 3.02% | 3.15% | 2.22% | 1.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XCEM Columbia EM Core ex-China ETF | 1.15% | 1.22% | 2.42% | 1.94% | 1.63% | 2.11% | 3.24% | 8.57% | 1.24% | 2.57% |
Drawdowns
BKEM vs. XCEM - Drawdown Comparison
The maximum BKEM drawdown since its inception was -39.48%, roughly equal to the maximum XCEM drawdown of -40.92%. Use the drawdown chart below to compare losses from any high point for BKEM and XCEM. For additional features, visit the drawdowns tool.
Volatility
BKEM vs. XCEM - Volatility Comparison
BNY Mellon Emerging Markets Equity ETF (BKEM) and Columbia EM Core ex-China ETF (XCEM) have volatilities of 4.75% and 4.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.