ROAM vs. BKEM

Last updated Jul 15, 2026

ROAM (Hartford Multifactor Emerging Markets ETF) and BKEM (BNY Mellon Emerging Markets Equity ETF) are both Emerging Markets Equities funds - ROAM tracks the Hartford Multifactor Emerging Markets Equity Index while BKEM tracks the Morningstar Emerging Markets Large Cap Index. Both are passively managed. Over the past 5 years, ROAM returned 11.39%/yr vs 6.67%/yr for BKEM. Their correlation of 0.91 suggests significant overlap in exposure. ROAM charges 0.44%/yr vs 0.11%/yr for BKEM.

Performance

ROAM vs. BKEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Multifactor Emerging Markets ETF (ROAM) 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, ROAM achieves a 20.35% return, which is significantly lower than BKEM's 22.14% return.

ROAM

• 1D: 0.72%
• 1M: -3.03%
• 6M: 15.89%
• YTD: 20.35%
• 1Y: 35.01%
• 3Y*: 21.39%
• 5Y*: 11.39%
• 10Y*: 8.67%

BKEM

• 1D: 1.71%
• 1M: -3.22%
• 6M: 16.09%
• YTD: 22.14%
• 1Y: 38.83%
• 3Y*: 19.62%
• 5Y*: 6.67%
• 10Y*: —

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

ROAM vs. BKEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ROAM Hartford Multifactor Emerging Markets ETF	20.35%	32.08%	6.21%	21.28%	-14.78%	9.32%	35.02%
BKEM BNY Mellon Emerging Markets Equity ETF	22.14%	30.55%	7.53%	8.68%	-19.43%	-3.91%	48.44%

Correlation

The correlation between ROAM and BKEM is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020	0.91

The correlation between ROAM and BKEM has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

ROAM vs. BKEM - Sectors Allocation Comparison

Sectors	ROAM	BKEM
Technology	41.7%	43.0%
Financial Services	19.5%	16.9%
Communication Services	6.2%	5.8%
Industrials	6.1%	8.1%
Consumer Cyclical	5.9%	8.7%
Consumer Defensive	4.6%	2.6%
Energy	4.2%	3.4%
Basic Materials	3.6%	5.7%
Healthcare	3.2%	2.7%
Utilities	2.5%	2.0%
Real Estate	1.4%	1.1%

Return for Risk

ROAM vs. BKEM — Risk / Return Rank

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

ROAM

ROAM Risk / Return Rank: 80
ROAM Sharpe Ratio Rank: 82
ROAM Sortino Ratio Rank: 75
ROAM Omega Ratio Rank: 81
ROAM Calmar Ratio Rank: 83
ROAM Martin Ratio Rank: 78

BKEM

BKEM Risk / Return Rank: 67
BKEM Sharpe Ratio Rank: 66
BKEM Sortino Ratio Rank: 58
BKEM Omega Ratio Rank: 67
BKEM Calmar Ratio Rank: 74
BKEM Martin Ratio Rank: 70

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.

ROAM vs. BKEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Multifactor Emerging Markets ETF (ROAM) 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.

	ROAM	BKEM	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.70	+0.36
Sortino ratio: Return per unit of downside risk	2.67	2.22	+0.45
Omega ratio: Gain probability vs. loss probability	1.38	1.32	+0.06
Calmar ratio: Return relative to maximum drawdown	3.55	2.98	+0.57
Martin ratio: Return relative to average drawdown	11.51	10.09	+1.42

ROAM vs. BKEM - Sharpe Ratio Comparison

The current ROAM Sharpe Ratio is 2.06, which is comparable to the BKEM Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of ROAM 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

ROAM vs. BKEM - Drawdown Comparison

The maximum ROAM drawdown since its inception was -45.47%, which is greater than BKEM's maximum drawdown of -39.48%. Use the drawdown chart below to compare losses from any high point for ROAM and BKEM.

Drawdown Indicators

	ROAM	BKEM	Difference
Max Drawdown Largest peak-to-trough decline	-45.47%	-39.48%	-5.99%
Max Drawdown (1Y) Largest decline over 1 year	-9.92%	-13.11%	+3.19%
Max Drawdown (3Y) Largest decline over 3 years	-16.79%	-18.38%	+1.59%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	-33.89%	+6.82%
Max Drawdown (10Y) Largest decline over 10 years	-45.47%	—	—
Current Drawdown Current decline from peak	-6.82%	-7.51%	+0.69%
Average Drawdown Average peak-to-trough decline	-11.07%	-15.80%	+4.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	3.86%	-0.81%

Volatility

ROAM vs. BKEM - Volatility Comparison

The current volatility for Hartford Multifactor Emerging Markets ETF (ROAM) is 6.98%, while BNY Mellon Emerging Markets Equity ETF (BKEM) has a volatility of 10.25%. This indicates that ROAM 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

	ROAM	BKEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.98%	10.25%	-3.27%
Volatility (6M) Calculated over the trailing 6-month period	15.45%	20.99%	-5.54%
Volatility (1Y) Calculated over the trailing 1-year period	17.06%	22.93%	-5.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.68%	19.51%	-3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.90%	19.65%	-1.75%

ROAM vs. BKEM - Expense Ratio Comparison

ROAM has a 0.44% expense ratio, which is higher than BKEM's 0.11% expense ratio.

Dividends

ROAM vs. BKEM - Dividend Comparison

ROAM's dividend yield for the trailing twelve months is around 2.43%, more than BKEM's 1.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKEM BNY Mellon Emerging Markets Equity ETF	1.92%	2.25%	2.76%	3.02%	3.15%	2.22%	1.78%	0.00%	0.00%	0.00%	0.00%	0.00%
ROAM Hartford Multifactor Emerging Markets ETF	2.43%	3.17%	4.15%	5.40%	5.23%	4.22%	3.04%	3.55%	2.54%	1.84%	1.89%	2.25%

Frequently Asked Questions

Can I hold both ROAM and BKEM in my portfolio?

ROAM and BKEM have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ROAM or BKEM?

BKEM has higher volatility (10.25%) compared to ROAM (6.98%). In terms of maximum drawdown, ROAM dropped -45.47% vs BKEM's -39.48%.

Which ETF is better, ROAM or BKEM?

On 5-year performance, ROAM leads with 11.39% vs 6.67% for BKEM. On fees, BKEM is cheaper at 0.11% per year. On volatility, ROAM has been the lower-risk option at 6.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROAM or BKEM?

Over the 5-year period, ROAM has performed better with a 11.39% return vs 6.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROAM or BKEM?

BKEM is cheaper with a 0.11% expense ratio, compared with 0.44% for ROAM.

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

ROAM has the higher dividend yield at 2.43%, compared with 1.92% for BKEM.

What is the main difference between ROAM and BKEM?

ROAM tracks Hartford Multifactor Emerging Markets Equity Index, while BKEM tracks Morningstar Emerging Markets Large Cap Index. They also come from different issuers: Hartford and BNY Mellon. Their fees differ too: 0.44% for ROAM and 0.11% for BKEM.

Which has better risk-adjusted returns?

ROAM currently has the higher Sharpe Ratio (2.06 vs 1.70), 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.