EMFI vs. XEMD

Last updated Jul 4, 2026

EMFI (Pictet Emerging Markets Debt ETF) and XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) are both Emerging Markets Bonds funds. EMFI is actively managed, while XEMD is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. EMFI charges 0.50%/yr vs 0.29%/yr for XEMD.

Performance

EMFI vs. XEMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pictet Emerging Markets Debt ETF (EMFI) and BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EMFI

• 1D: 0.30%
• 1M: 0.93%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XEMD

• 1D: 0.21%
• 1M: 0.57%
• 6M: 3.60%
• YTD: 3.34%
• 1Y: 10.24%
• 3Y*: 10.77%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMFI vs. XEMD - Yearly Performance Comparison

	2026 (YTD)
EMFI Pictet Emerging Markets Debt ETF	2.14%
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF	1.01%

Correlation

The correlation between EMFI and XEMD is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 23, 2026	0.92

Return for Risk

EMFI vs. XEMD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMFI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XEMD

XEMD Risk / Return Rank: 83
XEMD Sharpe Ratio Rank: 84
XEMD Sortino Ratio Rank: 88
XEMD Omega Ratio Rank: 86
XEMD Calmar Ratio Rank: 72
XEMD Martin Ratio Rank: 82

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.

EMFI vs. XEMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pictet Emerging Markets Debt ETF (EMFI) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EMFI	XEMD	Difference
Sharpe ratio: Return per unit of total volatility	—	2.20	—
Sortino ratio: Return per unit of downside risk	—	3.32	—
Omega ratio: Gain probability vs. loss probability	—	1.43	—
Calmar ratio: Return relative to maximum drawdown	—	2.98	—
Martin ratio: Return relative to average drawdown	—	13.28	—

Drawdowns

EMFI vs. XEMD - Drawdown Comparison

The maximum EMFI drawdown since its inception was -1.84%, smaller than the maximum XEMD drawdown of -10.01%. Use the drawdown chart below to compare losses from any high point for EMFI and XEMD.

Drawdown Indicators

	EMFI	XEMD	Difference
Max Drawdown Largest peak-to-trough decline	-1.84%	-10.01%	+8.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.52%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.31%	—
Current Drawdown Current decline from peak	-0.29%	-0.13%	-0.16%
Average Drawdown Average peak-to-trough decline	-0.51%	-1.24%	+0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.79%	—

Volatility

Volatility by Period

	EMFI	XEMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.40%	4.76%	+1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.40%	6.85%	-0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.40%	6.85%	-0.45%

EMFI vs. XEMD - Expense Ratio Comparison

EMFI has a 0.50% expense ratio, which is higher than XEMD's 0.29% expense ratio.

Dividends

EMFI vs. XEMD - Dividend Comparison

EMFI's dividend yield for the trailing twelve months is around 0.90%, less than XEMD's 5.77% yield.

Position	TTM	2025	2024	2023	2022
EMFI Pictet Emerging Markets Debt ETF	0.90%	0.00%	0.00%	0.00%	0.00%
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF	5.77%	6.15%	6.30%	6.19%	3.08%

Frequently Asked Questions

Can I hold both EMFI and XEMD in my portfolio?

With a correlation of 0.92, EMFI and XEMD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, EMFI or XEMD?

On fees, XEMD is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EMFI or XEMD?

XEMD is cheaper with a 0.29% expense ratio, compared with 0.50% for EMFI.

Which ETF pays a higher dividend yield, EMFI or XEMD?

XEMD has the higher dividend yield at 5.77%, compared with 0.90% for EMFI.

What is the main difference between EMFI and XEMD?

They also come from different issuers: Pictet and BondBloxx. Their fees differ too: 0.50% for EMFI and 0.29% for XEMD.