BKEM vs SPY
BNY Mellon Emerging Markets Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BKEM or SPY?
Mid Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BKEM | SPY |
|---|---|---|
| Expense Ratio | 0.11% | 0.09%Best |
| AUM | $93M | $804.7B |
| Dividend Yield | 3.73% | 0.98% |
| Holdings | 1,795 | 505 |
| YTD Return | -60.39% | +11.97%Best |
| 1Y Return | -57.60% | +16.40%Best |
| 3Y Return (annualized) | -15.98% | +21.10%Best |
| 5Y Return (annualized) | -13.65% | +12.88%Best |
| Volatility (annualized) | 32.1% | 15.3%Best |
| Max Drawdown | -71.3% | -24.5%Best |
| $10,000 over 5 years | $4,801 | $18,327Best |
| Fund Family | BNY Mellon Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Apr 22, 2020 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 24, 2020 to Sep 14, 2026 (6.4 years).
BKEM vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.4 years both funds cover.
BKEM vs SPY Performance
BNY Mellon Emerging Markets Equity ETF (BKEM) is an ETF from BNY Mellon Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BKEM returned -57.60% while SPY returned +16.40%. Year to date, BKEM is down 60.39% versus a gain of 11.97% for SPY.
Over three years, BKEM compounded at -15.98% per year against +21.10% for SPY; over five years the annualized figures are -13.65% and +12.88% respectively. Across the full 6-year window we track, SPY has the edge at +18.10% annualized vs -5.55%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BKEM has been the more volatile fund, with annualized monthly volatility of 32.1% compared with 15.3% for SPY. 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 -71.3% for BKEM and -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.36. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BKEM charges 0.11% per year while SPY charges 0.09%. On a $10,000 position that is $11 vs $9 annually, a gap of $2 per year that compounds over a long holding period. On income, BKEM currently yields 3.73% against 0.98% for SPY.
Holdings Overlap
At least 0.1% of SPY's money is in holdings BKEM also owns.
Stated as a floor: for BKEM, our book for it covers 92.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
2 positions in common, counted across the 1,186 positions we hold weights for in BKEM and 504 in SPY, against full books of 1,795 and 505.
You are not choosing between two funds in isolation.
Whichever of BKEM and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BKEM or SPY?
BKEM has an expense ratio of 0.11% while SPY charges 0.09%. SPY is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, BKEM or SPY?
Over the past year BKEM returned -57.60% vs +16.40% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), BKEM annualized -5.55% vs +18.10% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BKEM or SPY?
BKEM has been the more volatile fund at 32.1% annualized versus 15.3% for SPY. Worst drawdown: BKEM -71.3% vs SPY -24.5%.
Should I hold both BKEM and SPY?
BKEM and SPY have a monthly-return correlation of 0.36, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BKEM or SPY?
BKEM yields 3.73% while SPY yields 0.98%, so BKEM currently pays the higher dividend yield.
Is SPY better than BKEM?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.