KEMQ vs. BKEM

Last updated Jul 17, 2026

KEMQ (KraneShares Emerging Markets Consumer Technology Index ETF) and BKEM (BNY Mellon Emerging Markets Equity ETF) are both Emerging Markets Equities funds - KEMQ tracks the Solactive Emerging Markets Consumer Technology Index while BKEM tracks the Morningstar Emerging Markets Large Cap Index. Both are passively managed. Over the past 5 years, KEMQ returned -2.92%/yr vs 6.40%/yr for BKEM. Their correlation of 0.88 suggests significant overlap in exposure. KEMQ charges 0.60%/yr vs 0.11%/yr for BKEM.

Performance

KEMQ vs. BKEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) and BNY Mellon Emerging Markets Equity ETF (BKEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KEMQ achieves a 3.99% return, which is significantly lower than BKEM's 19.44% return.

KEMQ

• 1D: -1.62%
• 1M: 1.38%
• 6M: -4.06%
• YTD: 3.99%
• 1Y: 19.20%
• 3Y*: 21.23%
• 5Y*: -2.92%
• 10Y*: —

BKEM

• 1D: -1.92%
• 1M: -6.34%
• 6M: 12.71%
• YTD: 19.44%
• 1Y: 34.25%
• 3Y*: 18.68%
• 5Y*: 6.40%
• 10Y*: —

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

KEMQ vs. BKEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF	3.99%	56.28%	13.81%	0.77%	-38.09%	-27.31%	60.42%
BKEM BNY Mellon Emerging Markets Equity ETF	19.44%	30.55%	7.53%	8.68%	-19.43%	-3.91%	48.44%

Correlation

The correlation between KEMQ and BKEM is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020	0.88

The correlation between KEMQ and BKEM has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

KEMQ vs. BKEM - Sectors Allocation Comparison

Sectors	KEMQ	BKEM
Technology	40.2%	43.0%
Consumer Cyclical	33.0%	8.7%
Communication Services	15.4%	5.8%
Consumer Defensive	3.2%	2.6%
Healthcare	2.8%	2.7%
Financial Services	2.7%	16.9%
Industrials	2.1%	8.1%
Basic Materials	-	5.7%
Energy	-	3.4%
Real Estate	-	1.1%
Utilities	-	2.0%

Return for Risk

KEMQ vs. BKEM — Risk / Return Rank

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

KEMQ

KEMQ Risk / Return Rank: 23
KEMQ Sharpe Ratio Rank: 24
KEMQ Sortino Ratio Rank: 24
KEMQ Omega Ratio Rank: 24
KEMQ Calmar Ratio Rank: 23
KEMQ Martin Ratio Rank: 23

BKEM

BKEM Risk / Return Rank: 58
BKEM Sharpe Ratio Rank: 54
BKEM Sortino Ratio Rank: 49
BKEM Omega Ratio Rank: 56
BKEM Calmar Ratio Rank: 67
BKEM Martin Ratio Rank: 62

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.

KEMQ vs. BKEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) 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.

	KEMQ	BKEM	Difference
Sharpe ratio: Return per unit of total volatility	0.70	1.50	-0.80
Sortino ratio: Return per unit of downside risk	1.11	1.99	-0.88
Omega ratio: Gain probability vs. loss probability	1.14	1.28	-0.14
Calmar ratio: Return relative to maximum drawdown	0.88	2.63	-1.75
Martin ratio: Return relative to average drawdown	2.20	8.73	-6.53

KEMQ vs. BKEM - Sharpe Ratio Comparison

The current KEMQ Sharpe Ratio is 0.70, which is lower than the BKEM Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of KEMQ and BKEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KEMQ vs. BKEM - Drawdown Comparison

The maximum KEMQ drawdown since its inception was -70.72%, which is greater than BKEM's maximum drawdown of -39.48%. Use the drawdown chart below to compare losses from any high point for KEMQ and BKEM.

Drawdown Indicators

	KEMQ	BKEM	Difference
Max Drawdown Largest peak-to-trough decline	-70.72%	-39.48%	-31.24%
Max Drawdown (1Y) Largest decline over 1 year	-21.94%	-13.11%	-8.83%
Max Drawdown (3Y) Largest decline over 3 years	-21.94%	-18.38%	-3.56%
Max Drawdown (5Y) Largest decline over 5 years	-63.85%	-33.89%	-29.96%
Current Drawdown Current decline from peak	-30.15%	-9.56%	-20.59%
Average Drawdown Average peak-to-trough decline	-35.60%	-15.80%	-19.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.75%	3.93%	+4.82%

Volatility

KEMQ vs. BKEM - Volatility Comparison

The current volatility for KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) is 8.09%, while BNY Mellon Emerging Markets Equity ETF (BKEM) has a volatility of 9.77%. This indicates that KEMQ experiences smaller price fluctuations and is considered to be less risky than BKEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KEMQ	BKEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.09%	9.77%	-1.68%
Volatility (6M) Calculated over the trailing 6-month period	22.78%	21.05%	+1.73%
Volatility (1Y) Calculated over the trailing 1-year period	27.55%	23.01%	+4.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.17%	19.53%	+12.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.63%	19.65%	+9.98%

KEMQ vs. BKEM - Expense Ratio Comparison

KEMQ has a 0.60% expense ratio, which is higher than BKEM's 0.11% expense ratio.

Dividends

KEMQ vs. BKEM - Dividend Comparison

KEMQ's dividend yield for the trailing twelve months is around 5.06%, more than BKEM's 1.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BKEM BNY Mellon Emerging Markets Equity ETF	1.96%	2.25%	2.76%	3.02%	3.15%	2.22%	1.78%	0.00%
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF	5.06%	5.27%	0.73%	0.29%	0.00%	0.28%	2.28%	1.76%

Frequently Asked Questions

Can I hold both KEMQ and BKEM in my portfolio?

KEMQ and BKEM have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KEMQ or BKEM?

BKEM has higher volatility (9.77%) compared to KEMQ (8.09%). In terms of maximum drawdown, KEMQ dropped -70.72% vs BKEM's -39.48%.

Which ETF is better, KEMQ or BKEM?

On 5-year performance, BKEM leads with 6.40% vs -2.92% for KEMQ. On fees, BKEM is cheaper at 0.11% per year. On volatility, KEMQ has been the lower-risk option at 8.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KEMQ or BKEM?

Over the 5-year period, BKEM has performed better with a 6.40% return vs -2.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KEMQ or BKEM?

BKEM is cheaper with a 0.11% expense ratio, compared with 0.60% for KEMQ.

Which ETF pays a higher dividend yield, KEMQ or BKEM?

KEMQ has the higher dividend yield at 5.06%, compared with 1.96% for BKEM.

What is the main difference between KEMQ and BKEM?

KEMQ tracks Solactive Emerging Markets Consumer Technology Index, while BKEM tracks Morningstar Emerging Markets Large Cap Index. They also come from different issuers: CICC and BNY Mellon. Their fees differ too: 0.60% for KEMQ and 0.11% for BKEM.

Which has better risk-adjusted returns?

BKEM currently has the higher Sharpe Ratio (1.50 vs 0.70), 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.