BBEM vs PBUS

BBEMCJPMorgan BetaBuilders Emerging Markets Equity ETF

PBUSAInvesco MSCI USA ETF

In short

BBEM Emerging markets, wide and cheap: roughly 1,500 stocks for 0.15% a year, tracking a Morningstar emerging-markets index. JPMorgan's plumbing at a fraction of what the typical index wrapper charges.

PBUS Roughly 500 US stocks for 0.04% a year, benchmarked to the MSCI USA Index instead of the S&P 500. Invesco's rules-based core holding, running since 2017.

Stated mandate

BBEM The fund seeks broad exposure to emerging-market equities through an indexed approach, aiming to track the Morningstar Emerging Markets Target Market Exposure Index. It uses representative sampling to replicate the index.

PBUS The Fund tracks the MSCI USA Index and commits at least 90% of its assets to securities included in that index.

Why people hold it

• BBEM 0.15% a year, against a 0.45% median for its index-wrapper peer group. That gap compounds quietly in a category where fees are usually the biggest controllable drag.
• About 1,500 stocks via representative sampling of the Morningstar Emerging Markets Target Market Exposure Index. Broad developing-world coverage, no single-country or single-theme bet.
• Sits in the upper half of its index-wrapper cohort on our review, helped by cost discipline and a clean, rules-based mandate. Distributions arrive quarterly.

• PBUS 0.04% a year sits at the floor of its peer group, matching SPYV and a hair above SCHK's 0.03%.invesco.com
• Returns have hugged the MSCI USA Index about as tightly as anything in its cohort, so index-level exposure arrives with very little slippage.
• A multi-billion-dollar fund trading since 2017, with a real market cycle behind it rather than a launch-window track record.
• Roughly 500 names and quarterly distributions: a plain broad-market wrapper with no options overlay, no leverage, no sector tilt bolted on.

Worth knowing

• BBEM Thinly traded next to the category's household names, so bid-ask spreads can run wider. Matters most for large or hurried orders.
• Launched in 2023, so the track record is short compared with EM index funds that have been through multiple full cycles.
• Emerging-market equity is a bumpy ride: currency swings and country-level politics show up in the price, and this fund scores low on our risk measures.

• PBUS MSCI USA is not the S&P 500. Holdings and results drift from an S&P-benchmarked portfolio, which matters if that is the yardstick you track against.invesco.com
• The mandate commits at least 90% of assets to index securities, which leaves a slice of room outside the benchmark.
• Moderately traded rather than one of the tape's busiest tickers, so spreads deserve a glance and limit orders earn their keep.

Full BBEM profile⁠

Full PBUS profile⁠