BKMI vs. BKEM
BKMI (BNY Mellon Municipal Intermediate ETF) and BKEM (BNY Mellon Emerging Markets Equity ETF) are both exchange-traded funds - BKMI is a Municipal Bonds fund actively managed by BNY Mellon, while BKEM is a Emerging Markets Equities fund tracking the Morningstar Emerging Markets Large Cap Index. BKMI is actively managed, while BKEM is passively managed. Their 0.30 correlation means their historical movements had little consistent relationship. BKMI charges 0.35%/yr vs 0.11%/yr for BKEM.
Performance
BKMI vs. BKEM - Performance Comparison
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Returns By Period
BKMI
- 1D
- 0.22%
- 1M
- -1.74%
- 6M
- -1.23%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BKEM
- 1D
- 0.10%
- 1M
- -2.18%
- 6M
- 9.90%
- YTD
- 19.61%
- 1Y
- 36.20%
- 3Y*
- 19.15%
- 5Y*
- 6.90%
- 10Y*
- —
- ALL TIME*
- 12.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $481.37K | $317.95K | $245.58K | |
| $2.27M | $1.91M | $2.41M |
BKMI vs. BKEM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BKMI BNY Mellon Municipal Intermediate ETF | -0.85% |
BKEM BNY Mellon Emerging Markets Equity ETF | 14.60% |
Correlation
The correlation between BKMI and BKEM is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026 | 0.30 |
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Return for Risk
BKMI vs. BKEM — Risk / Return Rank
BKMI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BKEM
BKMI vs. BKEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Municipal Intermediate ETF (BKMI) and BNY Mellon Emerging Markets Equity ETF (BKEM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BKMI | BKEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.62 | — |
| Martin ratioReturn relative to average drawdown | — | 8.01 | — |
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Drawdowns
BKMI vs. BKEM - Drawdown Comparison
The maximum BKMI drawdown since its inception was -2.99%, smaller than the maximum BKEM drawdown of -39.48%. Use the drawdown chart below to compare losses from any high point for BKMI and BKEM.
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Drawdown Indicators
| BKMI | BKEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.99% | -39.48% | +36.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.91% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.28% | — |
Current DrawdownCurrent decline from peak | -2.31% | -9.43% | +7.12% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -15.75% | +14.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.53% | — |
Volatility
BKMI vs. BKEM - Volatility Comparison
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Volatility by Period
| BKMI | BKEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.78% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.97% | 23.88% | -20.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.97% | 19.61% | -16.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.97% | 19.75% | -16.78% |
BKMI vs. BKEM - Expense Ratio Comparison
BKMI has a 0.35% expense ratio, which is higher than BKEM's 0.11% expense ratio.
Dividends
BKMI vs. BKEM - Dividend Comparison
BKMI's dividend yield for the trailing twelve months is around 1.58%, less than BKEM's 1.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BKEM BNY Mellon Emerging Markets Equity ETF | 1.96% | 2.25% | 2.76% | 3.02% | 3.15% | 2.22% | 1.78% |
BKMI BNY Mellon Municipal Intermediate ETF | 1.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BKMI and BKEM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
BKEM is cheaper with a 0.11% expense ratio, compared with 0.35% for BKMI.
BKEM has the higher dividend yield at 1.96%, compared with 1.58% for BKMI.
BKMI is categorized as Municipal Bonds, while BKEM is Emerging Markets Equities. Their fees differ too: 0.35% for BKMI and 0.11% for BKEM.
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