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BBBI vs. CEMB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BBBI vs. CEMB

Last updated Jun 5, 2026

BBBI (BondBloxx BBB Rated 5-10 Year Corporate Bond ETF) and CEMB (iShares J.P. Morgan EM Corporate Bond ETF) are both Corporate Bonds funds - BBBI tracks the Bloomberg U.S. Corporate BBB 5-10 Year Index while CEMB tracks the JP Morgan CEMBI Broad Diversified. Both are passively managed. Over the past year, BBBI returned 6.02% vs 7.07% for CEMB. Their correlation of 0.80 suggests significant overlap in exposure. BBBI charges 0.19%/yr vs 0.50%/yr for CEMB.

Performance

BBBI vs. CEMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) and iShares J.P. Morgan EM Corporate Bond ETF (CEMB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BBBI achieves a 0.46% return, which is significantly lower than CEMB's 1.54% return.

BBBI

1D
0.08%
1M
0.30%
YTD
0.46%
6M
0.63%
1Y
6.02%
3Y*
—
5Y*
—
10Y*
—

CEMB

1D
0.04%
1M
0.28%
YTD
1.54%
6M
1.97%
1Y
7.07%
3Y*
7.26%
5Y*
1.98%
10Y*
3.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BBBI vs. CEMB - Yearly Performance Comparison

2026 (YTD)20252024
BBBI
BondBloxx BBB Rated 5-10 Year Corporate Bond ETF		0.46%9.28%4.37%
CEMB
iShares J.P. Morgan EM Corporate Bond ETF		1.54%8.86%5.88%

Correlation

The correlation between BBBI and CEMB is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.78

Correlation (All Time)
Calculated using the full available price history since Jan 26, 2024

0.80

The correlation between BBBI and CEMB has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.

BBBI vs. CEMB - Sectors Allocation Comparison

Sectors
BBBI
CEMB

Consumer Defensive

0.2%

-

Healthcare

0.1%

-

Communication Services

0.1%

-

Basic Materials

-

-

Consumer Cyclical

-

-

Energy

-

-

Financial Services

-

-

Industrials

-

100.0%

Real Estate

-

-

Technology

-

-

Utilities

-

-

Consumer Defensive

BBBI
0.2%
CEMB

-

Healthcare

BBBI
0.1%
CEMB

-

Communication Services

BBBI
0.1%
CEMB

-

Basic Materials

BBBI

-

CEMB

-

Consumer Cyclical

BBBI

-

CEMB

-

Energy

BBBI

-

CEMB

-

Financial Services

BBBI

-

CEMB

-

Industrials

BBBI

-

CEMB
100.0%

Real Estate

BBBI

-

CEMB

-

Technology

BBBI

-

CEMB

-

Utilities

BBBI

-

CEMB

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF

iShares J.P. Morgan EM Corporate Bond ETF

Often compared with BBBI:
BBBI vs. BSCQBBBI vs. SPHYBBBI vs. IBDRBBBI vs. XBBBBBI vs. XEMDBBBI vs. XONEBBBI vs. BSCR
Often compared with CEMB:
CEMB vs. EMBE.LCEMB vs. HYEMCEMB vs. IAGGCEMB vs. AGGG.LCEMB vs. ERNS.LCEMB vs. VEMT.LCEMB vs. VUCP.DE

Return for Risk

BBBI vs. CEMB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BBBI
BBBI Risk / Return Rank: 4444
Overall Rank
BBBI Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
BBBI Sortino Ratio Rank: 4646
Sortino Ratio Rank
BBBI Omega Ratio Rank: 4242
Omega Ratio Rank
BBBI Calmar Ratio Rank: 4242
Calmar Ratio Rank
BBBI Martin Ratio Rank: 4444
Martin Ratio Rank
CEMB
CEMB Risk / Return Rank: 6868
Overall Rank
CEMB Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
CEMB Sortino Ratio Rank: 7979
Sortino Ratio Rank
CEMB Omega Ratio Rank: 7878
Omega Ratio Rank
CEMB Calmar Ratio Rank: 5151
Calmar Ratio Rank
CEMB Martin Ratio Rank: 6161
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBBI vs. CEMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) and iShares J.P. Morgan EM Corporate Bond ETF (CEMB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

BBBICEMBDifference
Sharpe ratioReturn per unit of total volatility
1.53
2.33

-0.80

Sortino ratioReturn per unit of downside risk
2.25
3.50

-1.25

Omega ratioGain probability vs. loss probability

1.27

1.46

-0.19

Calmar ratioReturn relative to maximum drawdown

2.05

2.47

-0.42

Martin ratioReturn relative to average drawdown

7.02

10.70

-3.67

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBBI vs. CEMB - Sharpe Ratio Comparison

The current BBBI Sharpe Ratio is 1.53, which is lower than the CEMB Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of BBBI and CEMB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BBBICEMBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.53

2.33

-0.80

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.35

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.56

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.19

0.49

+0.70

Drawdowns

BBBI vs. CEMB - Drawdown Comparison

The maximum BBBI drawdown since its inception was -4.11%, smaller than the maximum CEMB drawdown of -20.84%. Use the drawdown chart below to compare losses from any high point for BBBI and CEMB.

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Drawdown Indicators

BBBICEMBDifference

Max Drawdown

Largest peak-to-trough decline

-4.11%

-20.84%

+16.73%

Max Drawdown (1Y)

Largest decline over 1 year

-2.94%

-2.88%

-0.06%

Max Drawdown (3Y)

Largest decline over 3 years

—

-3.85%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-20.48%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-20.84%

—

Current Drawdown

Current decline from peak

-1.06%

-0.20%

-0.86%

Average Drawdown

Average peak-to-trough decline

-0.98%

-3.65%

+2.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.86%

0.66%

+0.20%

Volatility

BBBI vs. CEMB - Volatility Comparison

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) has a higher volatility of 1.32% compared to iShares J.P. Morgan EM Corporate Bond ETF (CEMB) at 1.06%. This indicates that BBBI's price experiences larger fluctuations and is considered to be riskier than CEMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BBBICEMBDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.32%

1.06%

+0.26%

Volatility (6M)

Calculated over the trailing 6-month period

3.00%

2.42%

+0.58%

Volatility (1Y)

Calculated over the trailing 1-year period

3.98%

3.06%

+0.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.01%

5.63%

-0.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.01%

6.30%

-1.29%

BBBI vs. CEMB - Expense Ratio Comparison

BBBI has a 0.19% expense ratio, which is lower than CEMB's 0.50% expense ratio.

Dividends

BBBI vs. CEMB - Dividend Comparison

BBBI's dividend yield for the trailing twelve months is around 4.79%, less than CEMB's 5.13% yield.

PositionTTM20252024202320222021202020192018201720162015
BBBI
BondBloxx BBB Rated 5-10 Year Corporate Bond ETF		4.79%4.90%4.61%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
CEMB
iShares J.P. Morgan EM Corporate Bond ETF		5.13%5.14%5.11%4.77%4.29%3.51%3.86%4.19%4.66%4.06%4.26%4.76%

Frequently Asked Questions

BBBI and CEMB have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BBBI has higher volatility (1.32%) compared to CEMB (1.06%). In terms of maximum drawdown, BBBI dropped -4.11% vs CEMB's -20.84%.

On 1-year performance, CEMB leads with 7.07% vs 6.02% for BBBI. On fees, BBBI is cheaper at 0.19% per year. On volatility, CEMB has been the lower-risk option at 1.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, CEMB has performed better with a 7.07% return vs 6.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

BBBI is cheaper with a 0.19% expense ratio, compared with 0.50% for CEMB.

CEMB has the higher dividend yield at 5.13%, compared with 4.79% for BBBI.

BBBI tracks Bloomberg U.S. Corporate BBB 5-10 Year Index, while CEMB tracks JP Morgan CEMBI Broad Diversified. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.19% for BBBI and 0.50% for CEMB.

CEMB currently has the higher Sharpe Ratio (2.33 vs 1.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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