BBEM vs TYO
JPMorgan BetaBuilders Emerging Markets Equity ETF vs Direxion Daily 7-10 Year Treasury Bear 3X 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 | TYO | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 1.00% | |
| AUM | $748M | $12M | |
| Dividend Yield | 2.52% | 2.62% | |
| Holdings | 1,132 | 6 | |
| YTD Return | +15.82% | +10.84% | |
| 1Y Return | +32.69% | +11.31% | |
| 3Y Return (annualized) | +19.42% | +6.14% | |
| 5Y Return (annualized) | - | +14.69% | |
| Volatility (annualized) | 15.1% | 19.3% | |
| Max Drawdown | -17.4% | -90.4% | |
| Fund Family | J.P. Morgan Asset Management | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | May 10, 2023 | Apr 16, 2009 |
BBEM vs TYO Performance
JPMorgan BetaBuilders Emerging Markets Equity ETF (BBEM) is a ETF from J.P. Morgan Asset Management and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is a ETF from Direxion Shares ETF Trust. Over the past year BBEM returned +32.69% while TYO returned +11.31%. Year to date, BBEM is up 15.82% versus a gain of 10.84% for TYO.
Over three years, BBEM compounded at +19.42% per year against +6.14% for TYO. Across the full 3-year window we track, BBEM has the edge at +19.55% annualized vs -7.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TYO has been the more volatile fund, with annualized monthly volatility of 19.3% 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 -90.4% for TYO. 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 -0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BBEM charges 0.15% per year while TYO charges 1.00%. On a $10,000 position that is $15 vs $100 annually, a gap of $85 per year that compounds over a long holding period. On income, BBEM currently yields 2.52% against 2.62% for TYO.
Holdings Overlap
BBEM and TYO share 0 holdings out of 892 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 TYO?
BBEM has an expense ratio of 0.15% while TYO charges 1.00%. BBEM is the cheaper option. On a $10,000 investment, that is $85 per year of difference.
Which performed better, BBEM or TYO?
Over the past year BBEM returned +32.69% vs +11.31% for TYO, so BBEM leads on 1-year performance. Over the longest common window we track (3 years), BBEM annualized +19.55% vs -7.26% for TYO. Past performance does not guarantee future results.
Which is riskier, BBEM or TYO?
TYO has been the more volatile fund at 19.3% annualized versus 15.1% for BBEM. Worst drawdown: BBEM -17.4% vs TYO -90.4%.
Should I hold both BBEM and TYO?
BBEM and TYO have a monthly-return correlation of -0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BBEM and TYO?
BBEM and TYO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 892 unique securities.
Which pays a higher dividend, BBEM or TYO?
BBEM yields 2.52% while TYO yields 2.62%, so TYO currently pays the higher dividend yield.
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