JPMorgan BetaBuilders Emerging Markets Equity… (BBEM) Performance
BBEM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.3% since Dec 31, 2025
- 1 year
- +15.0% total return
- 3 years
- +20.7% a year
- Since first price
- +16.2% a year since 2023
BBEM trailing returns vs SPY, QQQ, AGG
| Period | BBEM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −8.3% | −8.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.1% | −4.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.5% | −1.6% | +7.8% | +8.4% | −1.5% |
| YTD | +13.3% | +11.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.0% | +9.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +75.8%+20.7%/yr | +58.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionMay 11, 2023 | +67.9%+16.2%/yr | +49.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BBEM vs SPY
From May 11, 2023: BBEM grew to $16,791, SPY to $19,259.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BBEM returns by calendar year
2 of 2 full years positive. Best 2025 (+32.4%), worst 2024 (+5.6%). 2026 is year to date.
BBEM annual returns table
| Year | BBEM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.3% | −13.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +32.4% | −14.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +5.6% | −10.2% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BBEM largest drawdowns
Now 12.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 7, 2024 | −17.4% | Apr 8, 2025 | Jun 6, 2025 | 6 months | 8 months |
| Jun 22, 2026 | −13.4% | Jul 29, 2026 | not yet | 37 days | 4 months so far |
| Feb 25, 2026 | −13.1% | Mar 30, 2026 | Apr 17, 2026 | 33 days | 51 days |
| Jul 31, 2023 | −12.4% | Oct 27, 2023 | Mar 12, 2024 | 3 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BBEM risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +22.3% | +19.3% |
| Volatility (annualized) | 14.6% | 14.9% |
| Sharpe ratio | 1.16 | 0.96 |
| Sortino ratio | 2.11 | 1.66 |
| Best month | +12.0% | +12.0% |
| Worst month | −8.7% | −8.7% |
| Best 12 months | +52.4% | +52.4% |
| Worst 12 months | +5.6% | +5.6% |
| Positive months | 72% | 70% |
| Beta vs S&P 500 | 0.77 | — |
| Correlation with S&P 500 | 0.65 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BBEM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 30 | +5.6% | +16.6% | +52.4% | 100% |
| 3-year (a year) | 6 | +17.1% | +21.6% | +22.6% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
BBEM performance overview
JPMorgan BetaBuilders Emerging Markets Equity… (BBEM) returned +15.0% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +16.2% a year, turning $10,000 into about $16,791. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −17.4%, from Oct 7, 2024 to Apr 8, 2025, and it took 59 days to get back to the old high. Volatility has been 14.9% a year.
Related: BBEM chart, BBEM holdings, BBEM dividends. See the BBEM overview for the latest quote and fund facts.
BBEM performance FAQ
What is the BBEM return over the past year?
BBEM returned +15.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.2%.
How much would $10,000 invested in BBEM be worth?
$10,000 invested in BBEM at its first recorded close on May 11, 2023 would be worth about $16,791 on October 23, 2026 with distributions reinvested.
What was the worst year for BBEM?
The worst calendar year was 2024, with a total return of +5.6%. The best was 2025 at +32.4%.
What is the biggest drawdown of BBEM?
The largest peak-to-trough decline was −17.4% between October 7, 2024 and April 8, 2025. It recovered to the old high on June 6, 2025, 59 days after the bottom.
How volatile is BBEM?
Over the past 3 years BBEM had an annualized volatility of 14.6% and a Sharpe ratio of 1.16 (excess return over 1–3 month T-bills per unit of risk).