VOO vs. BBEM
VOO (Vanguard S&P 500 ETF) and BBEM (JPMorgan Betabuilders Emerging Markets Equity ETF) are both exchange-traded funds - VOO is a S&P 500 fund tracking the S&P 500 Index, while BBEM is a Emerging Markets Diversified fund tracking the Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, VOO returned 20.95%/yr vs 20.75%/yr for BBEM. A 0.66 correlation means they provide meaningful diversification when combined. VOO charges 0.03%/yr vs 0.15%/yr for BBEM.
Performance
VOO vs. BBEM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VOO achieves a 9.08% return, which is significantly lower than BBEM's 23.17% return.
VOO
- 1D
- 0.55%
- 1M
- 0.37%
- YTD
- 9.08%
- 6M
- 9.44%
- 1Y
- 25.76%
- 3Y*
- 20.95%
- 5Y*
- 13.43%
- 10Y*
- 15.50%
BBEM
- 1D
- 0.30%
- 1M
- 4.34%
- YTD
- 23.17%
- 6M
- 25.34%
- 1Y
- 45.68%
- 3Y*
- 20.75%
- 5Y*
- —
- 10Y*
- —
VOO vs. BBEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 9.08% | 17.82% | 24.98% | 16.57% |
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 23.17% | 32.43% | 5.61% | 6.01% |
Correlation
The correlation between VOO and BBEM is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 11, 2023 | 0.66 |
The correlation between VOO and BBEM has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VOO vs. BBEM — Risk / Return Rank
VOO
BBEM
VOO vs. BBEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) 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.
| VOO | BBEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.40 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 3.36 | -0.61 |
| Martin ratioReturn relative to average drawdown | 12.42 | 12.61 | -0.19 |
Loading charts...
Drawdowns
VOO vs. BBEM - Drawdown Comparison
The maximum VOO drawdown since its inception was -33.99%, which is greater than BBEM's maximum drawdown of -17.42%. Use the drawdown chart below to compare losses from any high point for VOO and BBEM.
Loading charts...
Drawdown Indicators
| VOO | BBEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -17.42% | -16.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -13.12% | +4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | -17.42% | -1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | — | — |
Current DrawdownCurrent decline from peak | -2.34% | -4.30% | +1.96% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -3.72% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 3.49% | -1.52% |
Volatility
VOO vs. BBEM - Volatility Comparison
The current volatility for Vanguard S&P 500 ETF (VOO) is 4.34%, while JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) has a volatility of 10.58%. This indicates that VOO experiences smaller price fluctuations and is considered to be less risky than BBEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VOO | BBEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 10.58% | -6.24% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 19.04% | -9.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.27% | 21.07% | -8.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 18.01% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 18.01% | +0.02% |
VOO vs. BBEM - Expense Ratio Comparison
VOO has a 0.03% expense ratio, which is lower than BBEM's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VOO vs. BBEM - Dividend Comparison
VOO's dividend yield for the trailing twelve months is around 1.05%, less than BBEM's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 4.74% | 5.86% | 2.73% | 1.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
VOO and BBEM have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBEM has higher volatility (10.58%) compared to VOO (4.34%). In terms of maximum drawdown, VOO dropped -33.99% vs BBEM's -17.42%.
On 3-year performance, VOO leads with 20.95% vs 20.75% for BBEM. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VOO has performed better with a 20.95% return vs 20.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.15% for BBEM.
BBEM has the higher dividend yield at 4.74%, compared with 1.05% for VOO.
VOO is categorized as S&P 500, while BBEM is Emerging Markets Diversified. VOO tracks S&P 500 Index, while BBEM tracks Morningstar Emerging Markets Target Market Exposure Index - Benchmark TR Net. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.03% for VOO and 0.15% for BBEM.
BBEM currently has the higher Sharpe Ratio (2.09 vs 1.99), 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.
Find the right allocation for VOO and BBEM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer