BBEM vs SPY
JPMorgan BetaBuilders Emerging Markets Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. BBEM delivered stronger 1-year returns. BBEM offers more diversification with 889 holdings.
Side-by-Side Comparison
| Metric | BBEM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.09% | |
| AUM | $748M | $789.1B | |
| Dividend Yield | 2.52% | 1.01% | |
| Holdings | 1,132 | 505 | |
| YTD Return | +15.82% | +13.79% | |
| 1Y Return | +32.69% | +23.66% | |
| 3Y Return (annualized) | +19.42% | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 15.1% | 15.3% | |
| Max Drawdown | -17.4% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 10, 2023 | Jan 22, 1993 |
BBEM vs SPY Performance
JPMorgan BetaBuilders Emerging Markets Equity ETF (BBEM) is a ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BBEM returned +32.69% while SPY returned +23.66%. Year to date, BBEM is up 15.82% versus a gain of 13.79% for SPY.
Over three years, BBEM compounded at +19.42% per year against +21.40% for SPY. Across the full 3-year window we track, BBEM has the edge at +19.55% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 15.1% 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 -56.5% for SPY. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BBEM charges 0.15% per year while SPY 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 1.01% for SPY.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, BBEM or SPY?
BBEM has an expense ratio of 0.15% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, BBEM or SPY?
Over the past year BBEM returned +32.69% vs +23.66% for SPY, so BBEM leads on 1-year performance. Over the longest common window we track (3 years), BBEM annualized +19.55% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, BBEM or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 15.1% for BBEM. Worst drawdown: BBEM -17.4% vs SPY -56.5%.
Should I hold both BBEM and SPY?
BBEM and SPY have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BBEM and SPY?
BBEM and SPY share 2 common holdings with a 0.1% weight overlap. Combined, they hold 1390 unique securities.
Which pays a higher dividend, BBEM or SPY?
BBEM yields 2.52% while SPY yields 1.01%, so BBEM currently pays the higher dividend yield.
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