BREM vs. BPAY
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 0.49 correlation, their price movements are largely independent. BREM charges 0.50%/yr vs 0.70%/yr for BPAY.
Performance
BREM vs. BPAY - Performance Comparison
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Returns By Period
In the year-to-date period, BREM achieves a 3.47% return, which is significantly higher than BPAY's -0.95% return.
BREM
- 1D
- -0.15%
- 1M
- -0.85%
- 6M
- 2.82%
- YTD
- 3.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BPAY
- 1D
- -0.96%
- 1M
- 7.86%
- 6M
- -0.87%
- YTD
- -0.95%
- 1Y
- -13.26%
- 3Y*
- 9.98%
- 5Y*
- —
- 10Y*
- —
BREM vs. BPAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BREM iShares Emerging Markets Bond Active ETF | 3.47% | 2.80% |
BPAY BlackRock Future Financial and Technology ETF | -0.95% | -9.10% |
Correlation
The correlation between BREM and BPAY is 0.49, 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 16, 2025 | 0.49 |
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Return for Risk
BREM vs. BPAY — Risk / Return Rank
BREM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BPAY
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.
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.
| BREM | BPAY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.93 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.40 | — |
| Martin ratioReturn relative to average drawdown | — | -0.72 | — |
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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.
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Drawdown Indicators
| BREM | BPAY | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.87% | -16.32% | +15.45% |
Average DrawdownAverage peak-to-trough decline | -0.63% | -10.84% | +10.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 18.48% | — |
Volatility
BREM vs. BPAY - Volatility Comparison
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Volatility by Period
| BREM | BPAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.81% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.22% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.42% | 26.15% | -20.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.42% | 24.49% | -19.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 24.49% | -19.07% |
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 4.43%, less than BPAY's 6.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BPAY BlackRock Future Financial and Technology ETF | 6.84% | 6.49% | 0.48% | 1.18% | 0.18% |
BREM iShares Emerging Markets Bond Active ETF | 4.43% | 1.19% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BREM and BPAY have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
BREM is cheaper with a 0.50% expense ratio, compared with 0.70% for BPAY.
BPAY has the higher dividend yield at 6.84%, compared with 4.43% for BREM.
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.
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