BBEM vs NMI
JPMorgan BetaBuilders Emerging Markets Equity ETF vs Nuveen Municipal Income Fund Inc.
Quick Verdict
BBEM has a lower expense ratio. BBEM delivered stronger 1-year returns. BBEM offers more diversification with 889 holdings.
Side-by-Side Comparison
| Metric | BBEM | NMI | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.73% | |
| AUM | $748M | - | |
| Dividend Yield | 2.52% | 4.57% | |
| Holdings | 1,132 | 220 | |
| YTD Return | +15.82% | +11.08% | |
| 1Y Return | +32.69% | +14.95% | |
| 3Y Return (annualized) | +19.42% | +9.79% | |
| 5Y Return (annualized) | - | +2.16% | |
| Volatility (annualized) | 15.1% | 11.0% | |
| Max Drawdown | -17.4% | -34.4% | |
| Fund Family | J.P. Morgan Asset Management | Nuveen | |
| Category | Equity | Tax Preferred | |
| Inception | May 10, 2023 | Apr 20, 1988 |
BBEM vs NMI Performance
JPMorgan BetaBuilders Emerging Markets Equity ETF (BBEM) is a ETF from J.P. Morgan Asset Management and Nuveen Municipal Income Fund Inc. (NMI) is a ETF from Nuveen. Over the past year BBEM returned +32.69% while NMI returned +14.95%. Year to date, BBEM is up 15.82% versus a gain of 11.08% for NMI.
Over three years, BBEM compounded at +19.42% per year against +9.79% for NMI. Across the full 3-year window we track, BBEM has the edge at +19.55% annualized vs +0.38%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BBEM has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.0% for NMI. 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 -34.4% for NMI. 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 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BBEM charges 0.15% per year while NMI charges 0.73%. On a $10,000 position that is $15 vs $73 annually, a gap of $58 per year that compounds over a long holding period. On income, BBEM currently yields 2.52% against 4.57% for NMI.
Holdings Overlap
BBEM and NMI share 0 holdings out of 984 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 NMI?
BBEM has an expense ratio of 0.15% while NMI charges 0.73%. BBEM is the cheaper option. On a $10,000 investment, that is $58 per year of difference.
Which performed better, BBEM or NMI?
Over the past year BBEM returned +32.69% vs +14.95% for NMI, so BBEM leads on 1-year performance. Over the longest common window we track (3 years), BBEM annualized +19.55% vs +0.38% for NMI. Past performance does not guarantee future results.
Which is riskier, BBEM or NMI?
BBEM has been the more volatile fund at 15.1% annualized versus 11.0% for NMI. Worst drawdown: BBEM -17.4% vs NMI -34.4%.
Should I hold both BBEM and NMI?
BBEM and NMI have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BBEM and NMI?
BBEM and NMI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 984 unique securities.
Which pays a higher dividend, BBEM or NMI?
BBEM yields 2.52% while NMI yields 4.57%, so NMI currently pays the higher dividend yield.
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