VUG vs. BBEM
VUG (Vanguard Growth ETF) and BBEM (JPMorgan Betabuilders Emerging Markets Equity ETF) are both exchange-traded funds - VUG is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth 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, VUG returned 23.38%/yr vs 20.75%/yr for BBEM. A 0.61 correlation means they provide meaningful diversification when combined. VUG charges 0.03%/yr vs 0.15%/yr for BBEM.
Performance
VUG vs. BBEM - Performance Comparison
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Returns By Period
In the year-to-date period, VUG achieves a 4.99% return, which is significantly lower than BBEM's 23.17% return.
VUG
- 1D
- 0.18%
- 1M
- -2.47%
- YTD
- 4.99%
- 6M
- 5.66%
- 1Y
- 22.83%
- 3Y*
- 23.38%
- 5Y*
- 13.78%
- 10Y*
- 17.90%
BBEM
- 1D
- 0.30%
- 1M
- 4.34%
- YTD
- 23.17%
- 6M
- 25.34%
- 1Y
- 45.68%
- 3Y*
- 20.75%
- 5Y*
- —
- 10Y*
- —
VUG vs. BBEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VUG Vanguard Growth ETF | 4.99% | 19.40% | 32.69% | 22.83% |
BBEM JPMorgan Betabuilders Emerging Markets Equity ETF | 23.17% | 32.43% | 5.61% | 6.01% |
Correlation
The correlation between VUG and BBEM is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 11, 2023 | 0.61 |
The correlation between VUG and BBEM has been stable across timeframes, ranging from 0.61 to 0.70 - a consistent structural relationship.
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Return for Risk
VUG vs. BBEM — Risk / Return Rank
VUG
BBEM
VUG vs. BBEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Growth ETF (VUG) 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.
| VUG | BBEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.40 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 3.36 | -2.07 |
| Martin ratioReturn relative to average drawdown | 4.43 | 12.61 | -8.18 |
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Drawdowns
VUG vs. BBEM - Drawdown Comparison
The maximum VUG drawdown since its inception was -50.68%, which is greater than BBEM's maximum drawdown of -17.42%. Use the drawdown chart below to compare losses from any high point for VUG and BBEM.
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Drawdown Indicators
| VUG | BBEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.68% | -17.42% | -33.26% |
Max Drawdown (1Y)Largest decline over 1 year | -16.53% | -13.12% | -3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -17.42% | -5.43% |
Max Drawdown (5Y)Largest decline over 5 years | -35.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.61% | — | — |
Current DrawdownCurrent decline from peak | -5.56% | -4.30% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -3.72% | -3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 3.49% | +1.30% |
Volatility
VUG vs. BBEM - Volatility Comparison
The current volatility for Vanguard Growth ETF (VUG) is 5.73%, while JPMorgan Betabuilders Emerging Markets Equity ETF (BBEM) has a volatility of 10.58%. This indicates that VUG 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.
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Volatility by Period
| VUG | BBEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 10.58% | -4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 19.04% | -6.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 21.07% | -4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.30% | 18.01% | +4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.48% | 18.01% | +3.47% |
VUG vs. BBEM - Expense Ratio Comparison
VUG 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
VUG vs. BBEM - Dividend Comparison
VUG's dividend yield for the trailing twelve months is around 0.39%, 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% |
VUG Vanguard Growth ETF | 0.39% | 0.41% | 0.47% | 0.58% | 0.70% | 0.48% | 0.66% | 0.95% | 1.32% | 1.14% | 1.39% | 1.30% |
Frequently Asked Questions
VUG and BBEM have a correlation of 0.70, 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 VUG (5.73%). In terms of maximum drawdown, VUG dropped -50.68% vs BBEM's -17.42%.
On 3-year performance, VUG leads with 23.38% vs 20.75% for BBEM. On fees, VUG is cheaper at 0.03% per year. On volatility, VUG has been the lower-risk option at 5.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VUG has performed better with a 23.38% return vs 20.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VUG 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 0.39% for VUG.
VUG is categorized as Large Cap Growth Equities, while BBEM is Emerging Markets Diversified. VUG tracks CRSP US Large Cap Growth 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 VUG and 0.15% for BBEM.
BBEM currently has the higher Sharpe Ratio (2.09 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.
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