BREM vs. BPAY

Last updated Jun 5, 2026

BREM (iShares Emerging Markets Bond Active ETF) and BPAY (BlackRock Future Financial and Technology ETF) are both exchange-traded funds - BREM is a Emerging Markets Bonds fund actively managed by BlackRock, while BPAY is a Financials Equities fund actively managed by BlackRock. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. BREM charges 0.50%/yr vs 0.70%/yr for BPAY.

Performance

BREM vs. BPAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Emerging Markets Bond Active ETF (BREM) and BlackRock Future Financial and Technology ETF (BPAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BREM achieves a 3.36% return, which is significantly higher than BPAY's -10.58% return.

BREM

• 1D: 0.10%
• 1M: 0.99%
• YTD: 3.36%
• 6M: 4.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BPAY

• 1D: 2.12%
• 1M: -1.68%
• YTD: -10.58%
• 6M: -13.16%
• 1Y: -9.61%
• 3Y*: 9.60%
• 5Y*: —
• 10Y*: —

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

BREM vs. BPAY - Yearly Performance Comparison

	2026 (YTD)	2025
BREM iShares Emerging Markets Bond Active ETF	3.36%	2.74%
BPAY BlackRock Future Financial and Technology ETF	-10.58%	-6.51%

Correlation

The correlation between BREM and BPAY is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 17, 2025	0.48

Return for Risk

BREM vs. BPAY — Risk / Return Rank

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

BPAY

BPAY Risk / Return Rank: 6
BPAY Sharpe Ratio Rank: 6
BPAY Sortino Ratio Rank: 6
BPAY Omega Ratio Rank: 6
BPAY Calmar Ratio Rank: 6
BPAY Martin Ratio Rank: 6

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.

BREM vs. BPAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Bond Active ETF (BREM) and BlackRock Future Financial and Technology ETF (BPAY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BREM	BPAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	0.08	+1.69

Drawdowns

BREM vs. BPAY - Drawdown Comparison

The maximum BREM drawdown since its inception was -4.54%, smaller than the maximum BPAY drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for BREM and BPAY.

Drawdown Indicators

	BREM	BPAY	Difference
Max Drawdown Largest peak-to-trough decline	-4.54%	-33.62%	+29.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-33.62%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-33.62%	—
Current Drawdown Current decline from peak	-0.11%	-24.46%	+24.35%
Average Drawdown Average peak-to-trough decline	-0.66%	-10.55%	+9.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.05%	—

Volatility

Volatility by Period

	BREM	BPAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.69%	26.06%	-20.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.69%	24.36%	-18.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.69%	24.36%	-18.67%

BREM vs. BPAY - Expense Ratio Comparison

BREM has a 0.50% expense ratio, which is lower than BPAY's 0.70% expense ratio.

Dividends

BREM vs. BPAY - Dividend Comparison

BREM's dividend yield for the trailing twelve months is around 3.90%, less than BPAY's 7.25% yield.

Position	TTM	2025	2024	2023	2022
BPAY BlackRock Future Financial and Technology ETF	7.25%	6.49%	0.48%	1.18%	0.18%
BREM iShares Emerging Markets Bond Active ETF	3.90%	1.19%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BREM and BPAY in my portfolio?

BREM and BPAY have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BREM or BPAY?

On fees, BREM is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BREM or BPAY?

BREM is cheaper with a 0.50% expense ratio, compared with 0.70% for BPAY.

Which ETF pays a higher dividend yield, BREM or BPAY?

BPAY has the higher dividend yield at 7.25%, compared with 3.90% for BREM.

What is the main difference between BREM and BPAY?

BREM is categorized as Emerging Markets Bonds, while BPAY is Financials Equities. Their fees differ too: 0.50% for BREM and 0.70% for BPAY.