BBEM vs FNGG
JPMorgan BetaBuilders Emerging Markets Equity ETF vs Direxion Daily NYSE FANG+ Bull 2X ETF
Quick Verdict
BBEM has a lower expense ratio. FNGG delivered stronger 1-year returns. BBEM offers more diversification with 1,132 holdings.
Side-by-Side Comparison
| Metric | BBEM | FNGG | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.97% | |
| AUM | $863M | $143M | |
| Dividend Yield | 4.92% | 10.70% | |
| Holdings | 1,132 | 18 | |
| YTD Return | +18.05% | +29.44% | |
| 1Y Return | +34.96% | +35.54% | |
| 3Y Return (annualized) | +21.70% | +60.38% | |
| 5Y Return (annualized) | - | +3.76% | |
| Volatility (annualized) | 15.2% | 58.4% | |
| Max Drawdown | -17.4% | -91.3% | |
| Fund Family | J.P. Morgan Asset Management | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | May 10, 2023 | Sep 29, 2021 |
BBEM vs FNGG Performance
JPMorgan BetaBuilders Emerging Markets Equity ETF (BBEM) is a ETF from J.P. Morgan Asset Management and Direxion Daily NYSE FANG+ Bull 2X ETF (FNGG) is a ETF from Direxion Shares ETF Trust. Over the past year BBEM returned +34.96% while FNGG returned +35.54%. Year to date, BBEM is up 18.05% versus a gain of 29.44% for FNGG.
Over three years, BBEM compounded at +21.70% per year against +60.38% for FNGG. Across the full 3-year window we track, BBEM has the edge at +19.99% annualized vs +3.76%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNGG has been the more volatile fund, with annualized monthly volatility of 58.4% compared with 15.2% for BBEM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -17.4% for BBEM and -91.3% for FNGG. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BBEM charges 0.15% per year while FNGG charges 0.97%. On a $10,000 position that is $15 vs $97 annually, a gap of $82 per year that compounds over a long holding period. On income, BBEM currently yields 4.92% against 10.70% for FNGG.
Holdings Overlap
BBEM and FNGG share 0 holdings out of 902 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BBEM or FNGG?
BBEM has an expense ratio of 0.15% while FNGG charges 0.97%. BBEM is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, BBEM or FNGG?
Over the past year BBEM returned +34.96% vs +35.54% for FNGG, so FNGG leads on 1-year performance. Over the longest common window we track (3 years), BBEM annualized +19.99% vs +3.76% for FNGG. Past performance does not guarantee future results.
Which is riskier, BBEM or FNGG?
FNGG has been the more volatile fund at 58.4% annualized versus 15.2% for BBEM. Worst drawdown: BBEM -17.4% vs FNGG -91.3%.
Should I hold both BBEM and FNGG?
BBEM and FNGG have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BBEM and FNGG?
BBEM and FNGG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 902 unique securities.
Which pays a higher dividend, BBEM or FNGG?
BBEM yields 4.92% while FNGG yields 10.70%, so FNGG currently pays the higher dividend yield.
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