BKEM
BNY Mellon Emerging Markets Equity ETF
BKEM is a passively managed fund with emerging market exposure to broad large-cap stocks, selected and weighted by market cap.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
136.0 M
ASSETS UNDER MGMT
11 bp
EXPENSES
Fund Basics
| Fund sponsor | The Bank of New York Mellon |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 24, 2020 |
| Assets (mns) | $136 |
| Expense ratio | 11 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 8.7 % |
| TENCENT HOLDINGS LTD | 4.9 % |
| RELIANCE INDS-SPONS GDR 144A | 4.5 % |
| ALIBABA GROUP HOLDING LTD. | 3.3 % |
| SAMSUNG ELECTRONICS CO LTD | 2.0 % |
| MEITUAN DIANPING | 1.4 % |
| XIAOMI CORP. CLASS B | 1.3 % |
| HDFC BANK LIMITED | 1.3 % |
| CHINA CONSTRUCTION BANK-H | 1.0 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 0.9 % |
Constituent Breakdown
| Number of holdings | 1728 |
| Herfindahl-Hirschman Index | 156 |
| Wgt avg mkt cap (mns) | $172,126 |
| Large cap (>$10bn) | 73.0% |
| Mid cap ($2-10bn) | 21.0% |
| Small cap (<$2bn) | 1.6% |
| Developed mkts. | 2.2% |
| Emerging mkts. | 96.9% |
Country Exposure
 |
CHINA | 28.4 % |
 |
INDIA | 20.8 % |
 |
TAIWAN | 17.9 % |
 |
SOUTH KOREA | 9.2 % |
 |
SAUDI ARABIA | 3.7 % |
 |
BRAZIL | 3.6 % |
 |
UAE | 2.3 % |
 |
SOUTH AFRICA | 2.2 % |
 |
MEXICO | 1.6 % |
 |
MALAYSIA | 1.4 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 6.8% | 7.6% | 8.4% | 1.5% | 3.2% | -- | -- | 4.5% |
| Dividend Yield | 0.0% | 0.9% | 2.1% | 2.4% | 2.4% | -- | -- | 2.4% |
| Total Returns | 6.8% | 8.5% | 10.5% | 3.9% | 5.6% | -- | -- | 6.9% | Ann. Volatility | 22.6% | 19.3% | 16.8% | 17.7% | 18.9% | -- | -- | 19.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.68 | 43% |
| MSCI EAFE | 0.77 | 58% |
| MSCI Emg Mkts | 0.98 | 93% |
Liquidity Measures
| Avg. volume (000) | 34 |
| ADV traded (mns) | $2 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.30% |
Technical Indicators
| Recent close | $64.74 |
| 30d moving avg. | $62.62 |
| Annualized volatility | 17.4% |
| Relative strength (RSI) | 61 |
| Short interest | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 93.8% | +25 bp | +10.1% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 89.7% | +4 bp | +10.6% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 88.3% | +55 bp | +10.2% |
| EEM | iShares MSCI Emerging Markets ETF | 79.1% | +58 bp | +10.5% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 77.8% | +8 bp | +9.6% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 77.0% | +19 bp | +10.6% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 74.5% | -2 bp | +10.7% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 74.1% | +38 bp | +10.4% |
| VWO | Vanguard FTSE Emerging Markets ETF | 71.2% | -3 bp | +10.8% |
| SCHE | Schwab Emerging Markets Equity ETF | 70.4% | 0 bp | +11.5% |
Risk and Returns: vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/15/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
10.4%
Cat. Avg
8.2%
ALTAR Score™ Calculation
Category Overview
There are 112 funds in the Emerging Equity category, with an average ALTAR Score™
of 8.2% and a standard deviation of
2.6%. 's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places in the 80th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BKEMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| (11 bp) Percentile rank | 5 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 11.0 | 0.0 | 11 | |
| Peer Avg. | 50.9 | 27.2 | 78.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .