BBEM vs PHDG
JPMorgan BetaBuilders Emerging Markets Equity ETF vs Invesco S&P 500 Downside Hedged ETF
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 | PHDG | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.39% | |
| AUM | $748M | $61M | |
| Dividend Yield | 2.52% | 1.68% | |
| Holdings | 1,132 | 514 | |
| YTD Return | +15.60% | +12.11% | |
| 1Y Return | +32.87% | +17.06% | |
| 3Y Return (annualized) | +20.02% | +9.49% | |
| 5Y Return (annualized) | - | +4.59% | |
| Volatility (annualized) | 15.1% | 9.9% | |
| Max Drawdown | -17.4% | -23.6% | |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 10, 2023 | Dec 5, 2012 |
BBEM vs PHDG Performance
JPMorgan BetaBuilders Emerging Markets Equity ETF (BBEM) is a ETF from J.P. Morgan Asset Management and Invesco S&P 500 Downside Hedged ETF (PHDG) is a ETF from Invesco (US). Over the past year BBEM returned +32.87% while PHDG returned +17.06%. Year to date, BBEM is up 15.60% versus a gain of 12.11% for PHDG.
Over three years, BBEM compounded at +20.02% per year against +9.49% for PHDG. Across the full 3-year window we track, BBEM has the edge at +19.41% annualized vs +4.38%. 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 9.9% for PHDG. 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 -23.6% for PHDG. 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BBEM charges 0.15% per year while PHDG charges 0.39%. On a $10,000 position that is $15 vs $39 annually, a gap of $24 per year that compounds over a long holding period. On income, BBEM currently yields 2.52% against 1.68% for PHDG.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, BBEM or PHDG?
BBEM has an expense ratio of 0.15% while PHDG charges 0.39%. BBEM is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, BBEM or PHDG?
Over the past year BBEM returned +32.87% vs +17.06% for PHDG, so BBEM leads on 1-year performance. Over the longest common window we track (3 years), BBEM annualized +19.41% vs +4.38% for PHDG. Past performance does not guarantee future results.
Which is riskier, BBEM or PHDG?
BBEM has been the more volatile fund at 15.1% annualized versus 9.9% for PHDG. Worst drawdown: BBEM -17.4% vs PHDG -23.6%.
Should I hold both BBEM and PHDG?
BBEM and PHDG have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BBEM and PHDG?
BBEM and PHDG share 2 common holdings with a 0.1% weight overlap. Combined, they hold 1381 unique securities.
Which pays a higher dividend, BBEM or PHDG?
BBEM yields 2.52% while PHDG yields 1.68%, so BBEM currently pays the higher dividend yield.
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