BKF vs. GMF
Compare and contrast key facts about iShares MSCI BRIC ETF (BKF) and SPDR S&P Emerging Asia Pacific ETF (GMF).
BKF and GMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKF is a passively managed fund by iShares that tracks the performance of the MSCI BRIC Index. It was launched on Nov 12, 2007. GMF is a passively managed fund by State Street that tracks the performance of the S&P Asia Pacific Emerging BMI Index. It was launched on Mar 19, 2007. Both BKF and GMF 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
BKF vs. GMF - Performance Comparison
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BKF vs. GMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKF iShares MSCI BRIC ETF | -7.03% | 22.30% | 9.24% | 1.27% | -21.78% | -11.87% | 16.52% | 22.93% | -13.80% | 41.80% |
GMF SPDR S&P Emerging Asia Pacific ETF | -1.51% | 21.99% | 16.55% | 8.20% | -18.99% | -1.93% | 24.96% | 19.92% | -14.25% | 41.71% |
Returns By Period
In the year-to-date period, BKF achieves a -7.03% return, which is significantly lower than GMF's -1.51% return. Over the past 10 years, BKF has underperformed GMF with an annualized return of 5.20%, while GMF has yielded a comparatively higher 8.58% annualized return.
BKF
- 1D
- 0.15%
- 1M
- -5.45%
- YTD
- -7.03%
- 6M
- -9.58%
- 1Y
- 3.79%
- 3Y*
- 7.55%
- 5Y*
- -3.21%
- 10Y*
- 5.20%
GMF
- 1D
- 0.39%
- 1M
- -6.80%
- YTD
- -1.51%
- 6M
- -1.80%
- 1Y
- 19.86%
- 3Y*
- 13.18%
- 5Y*
- 2.83%
- 10Y*
- 8.58%
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BKF vs. GMF - Expense Ratio Comparison
BKF has a 0.69% expense ratio, which is higher than GMF's 0.49% expense ratio.
Return for Risk
BKF vs. GMF — Risk / Return Rank
BKF
GMF
BKF vs. GMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI BRIC ETF (BKF) and SPDR S&P Emerging Asia Pacific ETF (GMF). 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.
| BKF | GMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.21 | 1.08 | -0.87 |
Sortino ratioReturn per unit of downside risk | 0.42 | 1.58 | -1.17 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.22 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.27 | 1.54 | -1.26 |
Martin ratioReturn relative to average drawdown | 0.93 | 5.75 | -4.83 |
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
| BKF | GMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 1.08 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | 0.15 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.45 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.27 | -0.26 |
Correlation
The correlation between BKF and GMF is 0.91, 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.
Dividends
BKF vs. GMF - Dividend Comparison
BKF's dividend yield for the trailing twelve months is around 1.93%, more than GMF's 1.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKF iShares MSCI BRIC ETF | 1.93% | 1.79% | 2.37% | 1.68% | 2.04% | 2.93% | 1.02% | 1.66% | 2.33% | 1.51% | 1.82% | 3.15% |
GMF SPDR S&P Emerging Asia Pacific ETF | 1.51% | 1.49% | 1.92% | 2.75% | 2.54% | 2.71% | 1.32% | 1.75% | 2.26% | 1.70% | 2.49% | 3.76% |
Drawdowns
BKF vs. GMF - Drawdown Comparison
The maximum BKF drawdown since its inception was -70.29%, roughly equal to the maximum GMF drawdown of -67.18%. Use the drawdown chart below to compare losses from any high point for BKF and GMF.
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Drawdown Indicators
| BKF | GMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.29% | -67.18% | -3.11% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -13.03% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -44.98% | -36.10% | -8.88% |
Max Drawdown (10Y)Largest decline over 10 years | -49.20% | -40.18% | -9.02% |
Current DrawdownCurrent decline from peak | -24.71% | -9.81% | -14.90% |
Average DrawdownAverage peak-to-trough decline | -28.16% | -16.72% | -11.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 3.48% | +0.48% |
Volatility
BKF vs. GMF - Volatility Comparison
iShares MSCI BRIC ETF (BKF) and SPDR S&P Emerging Asia Pacific ETF (GMF) have volatilities of 6.74% and 6.79%, 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.
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Volatility by Period
| BKF | GMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 6.79% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 11.53% | 12.55% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.02% | 18.54% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 18.36% | +3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.79% | 19.12% | +2.67% |