BOND vs. XEMD
BOND (PIMCO Active Bond ETF) and XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) are both exchange-traded funds - BOND is a Intermediate Core-Plus Bond fund actively managed by PIMCO, while XEMD is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index - Benchmark TR Gross. BOND is actively managed, while XEMD is passively managed. Over the past 3 years, BOND returned 5.08%/yr vs 11.18%/yr for XEMD. A 0.67 correlation means they provide meaningful diversification when combined. BOND charges 0.54%/yr vs 0.29%/yr for XEMD.
Performance
BOND vs. XEMD - Performance Comparison
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Returns By Period
In the year-to-date period, BOND achieves a 0.66% return, which is significantly lower than XEMD's 2.94% return.
BOND
- 1D
- 0.19%
- 1M
- 0.35%
- YTD
- 0.66%
- 6M
- 0.84%
- 1Y
- 6.19%
- 3Y*
- 5.08%
- 5Y*
- 0.54%
- 10Y*
- 2.21%
XEMD
- 1D
- 0.18%
- 1M
- 0.89%
- YTD
- 2.94%
- 6M
- 3.52%
- 1Y
- 11.81%
- 3Y*
- 11.18%
- 5Y*
- —
- 10Y*
- —
BOND vs. XEMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 0.66% | 8.39% | 2.77% | 6.48% | -3.02% |
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2.94% | 13.98% | 8.77% | 10.26% | 1.82% |
Correlation
The correlation between BOND and XEMD is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.67 |
The correlation between BOND and XEMD has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
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Return for Risk
BOND vs. XEMD — Risk / Return Rank
BOND
XEMD
BOND vs. XEMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Active Bond ETF (BOND) and BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD). 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.
| BOND | XEMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.51 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.37 | -1.31 |
| Martin ratioReturn relative to average drawdown | 6.56 | 15.17 | -8.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BOND | XEMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 2.55 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 1.40 | -0.77 |
Drawdowns
BOND vs. XEMD - Drawdown Comparison
The maximum BOND drawdown since its inception was -19.71%, which is greater than XEMD's maximum drawdown of -10.01%. Use the drawdown chart below to compare losses from any high point for BOND and XEMD.
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Drawdown Indicators
| BOND | XEMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -10.01% | -9.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -3.52% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -6.12% | -4.31% | -1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.71% | — | — |
Current DrawdownCurrent decline from peak | -1.39% | -0.19% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -1.26% | -2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.78% | +0.17% |
Volatility
BOND vs. XEMD - Volatility Comparison
PIMCO Active Bond ETF (BOND) and BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) have volatilities of 1.41% and 1.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOND | XEMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.36% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 3.70% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.97% | 4.65% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 6.88% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 6.88% | -1.79% |
BOND vs. XEMD - Expense Ratio Comparison
BOND has a 0.54% expense ratio, which is higher than XEMD's 0.29% expense ratio.
Dividends
BOND vs. XEMD - Dividend Comparison
BOND's dividend yield for the trailing twelve months is around 5.18%, less than XEMD's 5.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 5.18% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 5.81% | 6.15% | 6.30% | 6.19% | 3.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BOND and XEMD have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOND has higher volatility (1.41%) compared to XEMD (1.36%). In terms of maximum drawdown, BOND dropped -19.71% vs XEMD's -10.01%.
On 3-year performance, XEMD leads with 11.18% vs 5.08% for BOND. On fees, XEMD is cheaper at 0.29% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XEMD has performed better with a 11.18% return vs 5.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XEMD is cheaper with a 0.29% expense ratio, compared with 0.54% for BOND.
XEMD has the higher dividend yield at 5.81%, compared with 5.18% for BOND.
BOND is categorized as Intermediate Core-Plus Bond, while XEMD is Emerging Markets Bonds. They also come from different issuers: PIMCO and BondBloxx. Their fees differ too: 0.54% for BOND and 0.29% for XEMD.
XEMD currently has the higher Sharpe Ratio (2.55 vs 1.58), 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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