EEM vs. BBEM
EEM (iShares MSCI Emerging Markets ETF) and BBEM (JPMorgan Betabuilders Emerging Markets Equity ETF) are both Emerging Markets Diversified funds - EEM tracks the MSCI Emerging Markets Index (Net) while BBEM tracks the Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, EEM returned 22.58%/yr vs 21.42%/yr for BBEM. With a 0.98 correlation, they move nearly in lockstep. EEM charges 0.72%/yr vs 0.15%/yr for BBEM.
Performance
EEM vs. BBEM - Performance Comparison
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Returns By Period
In the year-to-date period, EEM achieves a 23.41% return, which is significantly higher than BBEM's 21.92% return.
EEM
- 1D
- -5.67%
- 1M
- 2.49%
- YTD
- 23.41%
- 6M
- 24.32%
- 1Y
- 46.62%
- 3Y*
- 22.58%
- 5Y*
- 6.54%
- 10Y*
- 9.87%
BBEM
- 1D
- -5.86%
- 1M
- 2.04%
- YTD
- 21.92%
- 6M
- 22.38%
- 1Y
- 44.01%
- 3Y*
- 21.42%
- 5Y*
- —
- 10Y*
- —
EEM vs. BBEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EEM iShares MSCI Emerging Markets ETF | 23.41% | 33.98% | 6.49% | 5.47% |
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 21.92% | 32.43% | 5.61% | 6.01% |
Correlation
The correlation between EEM and BBEM is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since May 11, 2023 | 0.98 |
The correlation between EEM and BBEM has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
EEM vs. BBEM — Risk / Return Rank
EEM
BBEM
EEM vs. BBEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets ETF (EEM) and JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM). 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.
| EEM | BBEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.38 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 3.37 | +0.09 |
| Martin ratioReturn relative to average drawdown | 12.70 | 12.56 | +0.13 |
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Drawdowns
EEM vs. BBEM - Drawdown Comparison
The maximum EEM drawdown since its inception was -66.43%, which is greater than BBEM's maximum drawdown of -17.42%. Use the drawdown chart below to compare losses from any high point for EEM and BBEM.
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Drawdown Indicators
| EEM | BBEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.43% | -17.42% | -49.01% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -13.12% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -17.29% | -17.42% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -37.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.82% | — | — |
Current DrawdownCurrent decline from peak | -5.67% | -5.86% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -15.99% | -3.71% | -12.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 3.51% | +0.17% |
Volatility
EEM vs. BBEM - Volatility Comparison
iShares MSCI Emerging Markets ETF (EEM) and JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) have volatilities of 12.59% and 12.60%, 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
| EEM | BBEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.59% | 12.60% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 20.73% | 20.54% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.77% | 22.39% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.55% | 18.48% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.67% | 18.48% | +2.19% |
EEM vs. BBEM - Expense Ratio Comparison
EEM has a 0.72% expense ratio, which is higher than BBEM's 0.15% expense ratio.
Dividends
EEM vs. BBEM - Dividend Comparison
EEM's dividend yield for the trailing twelve months is around 1.66%, less than BBEM's 4.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 4.78% | 5.86% | 2.73% | 1.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EEM iShares MSCI Emerging Markets ETF | 1.66% | 2.22% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% |
Frequently Asked Questions
With a correlation of 0.98, EEM and BBEM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BBEM has higher volatility (12.60%) compared to EEM (12.59%). In terms of maximum drawdown, EEM dropped -66.43% vs BBEM's -17.42%.
On 3-year performance, EEM leads with 22.58% vs 21.42% for BBEM. On fees, BBEM is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EEM has performed better with a 22.58% return vs 21.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBEM is cheaper with a 0.15% expense ratio, compared with 0.72% for EEM.
BBEM has the higher dividend yield at 4.78%, compared with 1.66% for EEM.
EEM tracks MSCI Emerging Markets Index (Net), while BBEM tracks Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.72% for EEM and 0.15% for BBEM.
EEM currently has the higher Sharpe Ratio (2.06 vs 1.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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