BBEM vs SPGM
JPMorgan BetaBuilders Emerging Markets Equity ETF vs State Street SPDR Portfolio MSCI Global Stock Market ETF
Quick Verdict
SPGM has a lower expense ratio. BBEM delivered stronger 1-year returns. SPGM offers more diversification with 2846 holdings.
Side-by-Side Comparison
| Metric | BBEM | SPGM | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.09% | |
| AUM | $748M | $1.7B | |
| Dividend Yield | 2.52% | 1.80% | |
| Holdings | 1,132 | 2,985 | |
| YTD Return | +15.82% | +14.76% | |
| 1Y Return | +32.69% | +27.05% | |
| 3Y Return (annualized) | +19.42% | +20.87% | |
| 5Y Return (annualized) | - | +11.68% | |
| Volatility (annualized) | 15.1% | 13.6% | |
| Max Drawdown | -17.4% | -34.0% | |
| Fund Family | J.P. Morgan Asset Management | SPDR State Street Global Advisors | |
| Category | Equity | Equity | |
| Inception | May 10, 2023 | Feb 27, 2012 |
BBEM vs SPGM Performance
JPMorgan BetaBuilders Emerging Markets Equity ETF (BBEM) is a ETF from J.P. Morgan Asset Management and State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is a ETF from SPDR State Street Global Advisors. Over the past year BBEM returned +32.69% while SPGM returned +27.05%. Year to date, BBEM is up 15.82% versus a gain of 14.76% for SPGM.
Over three years, BBEM compounded at +19.42% per year against +20.87% for SPGM. Across the full 3-year window we track, BBEM has the edge at +19.55% annualized vs +9.92%. 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 13.6% for SPGM. 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 -34.0% for SPGM. 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BBEM charges 0.15% per year while SPGM charges 0.09%. On a $10,000 position that is $15 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, BBEM currently yields 2.52% against 1.80% for SPGM.
Holdings Overlap
BBEM and SPGM share 211 holdings out of 3524 unique holdings combined, representing a 3.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BBEM or SPGM?
BBEM has an expense ratio of 0.15% while SPGM charges 0.09%. SPGM is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, BBEM or SPGM?
Over the past year BBEM returned +32.69% vs +27.05% for SPGM, so BBEM leads on 1-year performance. Over the longest common window we track (3 years), BBEM annualized +19.55% vs +9.92% for SPGM. Past performance does not guarantee future results.
Which is riskier, BBEM or SPGM?
BBEM has been the more volatile fund at 15.1% annualized versus 13.6% for SPGM. Worst drawdown: BBEM -17.4% vs SPGM -34.0%.
Should I hold both BBEM and SPGM?
BBEM and SPGM have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BBEM and SPGM?
BBEM and SPGM share 211 common holdings with a 3.7% weight overlap. Combined, they hold 3524 unique securities.
Which pays a higher dividend, BBEM or SPGM?
BBEM yields 2.52% while SPGM yields 1.80%, so BBEM currently pays the higher dividend yield.
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