TEMX vs. BKEM

Last updated Aug 4, 2026

TEMX (Touchstone Sands Capital Emerging Markets ex-China Growth ETF) and BKEM (BNY Mellon Emerging Markets Equity ETF) are both Emerging Markets Equities funds. TEMX is actively managed, while BKEM is passively managed. Over the past year, TEMX returned 34.19% vs 36.20% for BKEM. Their correlation of 0.85 means they have usually moved in the same direction. TEMX charges 0.79%/yr vs 0.11%/yr for BKEM.

Performance

TEMX vs. BKEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Sands Capital Emerging Markets ex-China Growth ETF (TEMX) and BNY Mellon Emerging Markets Equity ETF (BKEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with TEMX having a 19.87% return and BKEM slightly lower at 19.61%.

TEMX

• 1D: 0.66%
• 1M: -5.54%
• 6M: 12.01%
• YTD: 19.87%
• 1Y: 34.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 29.92%

BKEM

• 1D: 0.10%
• 1M: -2.18%
• 6M: 9.90%
• YTD: 19.61%
• 1Y: 36.20%
• 3Y*: 19.15%
• 5Y*: 6.90%
• 10Y*: —
• ALL TIME*: 12.53%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BKEM BNY Mellon Emerging Markets Equity ETF	$481.37K	$317.95K	$245.58K
TEMX Touchstone Sands Capital Emerging Markets ex-China Growth ETF	$2.56K	$10.48K	$16.04K

TEMX vs. BKEM - Yearly Performance Comparison

	2026 (YTD)	2025
TEMX Touchstone Sands Capital Emerging Markets ex-China Growth ETF	19.87%	21.36%
BKEM BNY Mellon Emerging Markets Equity ETF	19.61%	24.50%

Correlation

The correlation between TEMX and BKEM is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (All Time) Calculated using the full available price history since Feb 26, 2025	0.85

The correlation between TEMX and BKEM has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

Return for Risk

TEMX vs. BKEM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TEMX

TEMX Risk / Return Rank: 49
TEMX Sharpe Ratio Rank: 47
TEMX Sortino Ratio Rank: 45
TEMX Omega Ratio Rank: 49
TEMX Calmar Ratio Rank: 52
TEMX Martin Ratio Rank: 53

BKEM

BKEM Risk / Return Rank: 64
BKEM Sharpe Ratio Rank: 63
BKEM Sortino Ratio Rank: 57
BKEM Omega Ratio Rank: 64
BKEM Calmar Ratio Rank: 72
BKEM Martin Ratio Rank: 64

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TEMX vs. BKEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Sands Capital Emerging Markets ex-China Growth ETF (TEMX) 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.

	TEMX	BKEM	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.53	-0.23
Sortino ratio: Return per unit of downside risk	1.79	2.05	-0.25
Omega ratio: Gain probability vs. loss probability	1.25	1.28	-0.04
Calmar ratio: Return relative to maximum drawdown	2.05	2.62	-0.57
Martin ratio: Return relative to average drawdown	6.88	8.01	-1.13

TEMX vs. BKEM - Sharpe Ratio Comparison

The current TEMX Sharpe Ratio is 1.29, which is comparable to the BKEM Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of TEMX 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

TEMX vs. BKEM - Drawdown Comparison

The maximum TEMX drawdown since its inception was -16.77%, smaller than the maximum BKEM drawdown of -39.48%. Use the drawdown chart below to compare losses from any high point for TEMX and BKEM.

Drawdown Indicators

	TEMX	BKEM	Difference
Max Drawdown Largest peak-to-trough decline	-16.77%	-39.48%	+22.71%
Max Drawdown (1Y) Largest decline over 1 year	-16.77%	-13.91%	-2.86%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.28%	—
Current Drawdown Current decline from peak	-11.28%	-9.43%	-1.85%
Average Drawdown Average peak-to-trough decline	-2.94%	-15.75%	+12.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.99%	4.53%	+0.46%

Volatility

TEMX vs. BKEM - Volatility Comparison

Touchstone Sands Capital Emerging Markets ex-China Growth ETF (TEMX) and BNY Mellon Emerging Markets Equity ETF (BKEM) have volatilities of 9.47% and 9.11%, 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.

Volatility by Period

	TEMX	BKEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.47%	9.11%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	24.51%	21.78%	+2.73%
Volatility (1Y) Calculated over the trailing 1-year period	26.65%	23.88%	+2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.23%	19.61%	+5.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.23%	19.75%	+5.48%

TEMX vs. BKEM - Expense Ratio Comparison

TEMX has a 0.79% expense ratio, which is higher than BKEM's 0.11% expense ratio.

Dividends

TEMX vs. BKEM - Dividend Comparison

TEMX's dividend yield for the trailing twelve months is around 0.91%, less than BKEM's 1.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BKEM BNY Mellon Emerging Markets Equity ETF	1.96%	2.25%	2.76%	3.02%	3.15%	2.22%	1.78%
TEMX Touchstone Sands Capital Emerging Markets ex-China Growth ETF	0.91%	1.08%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEMX and BKEM in my portfolio?

TEMX 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, TEMX or BKEM?

TEMX has higher volatility (9.47%) compared to BKEM (9.11%). In terms of maximum drawdown, TEMX dropped -16.77% vs BKEM's -39.48%.

Which ETF is better, TEMX or BKEM?

On 1-year performance, BKEM leads with 36.20% vs 34.19% for TEMX. On fees, BKEM is cheaper at 0.11% per year. On volatility, BKEM has been the lower-risk option at 9.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEMX or BKEM?

Over the 1-year period, BKEM has performed better with a 36.20% return vs 34.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEMX or BKEM?

BKEM is cheaper with a 0.11% expense ratio, compared with 0.79% for TEMX.

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

BKEM has the higher dividend yield at 1.96%, compared with 0.91% for TEMX.

What is the main difference between TEMX and BKEM?

They also come from different issuers: Touchstone and BNY Mellon. Their fees differ too: 0.79% for TEMX and 0.11% for BKEM.

Which has better risk-adjusted returns?

BKEM currently has the higher Sharpe Ratio (1.53 vs 1.29), 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.