EMHC vs. XEMD
Compare and contrast key facts about SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) and BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD).
EMHC and XEMD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMHC is a passively managed fund by State Street that tracks the performance of the Bloomberg Emerging USD Bond Core Index - Benchmark TR Net. It was launched on Apr 6, 2021. XEMD is a passively managed fund by BondBloxx that tracks the performance of the JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index - Benchmark TR Gross. It was launched on Jun 28, 2022. Both EMHC and XEMD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EMHC vs. XEMD - Performance Comparison
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EMHC vs. XEMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | -1.69% | 14.07% | 3.52% | 10.06% | 3.38% |
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | -0.51% | 13.98% | 8.77% | 10.26% | 1.82% |
Returns By Period
In the year-to-date period, EMHC achieves a -1.69% return, which is significantly lower than XEMD's -0.51% return.
EMHC
- 1D
- 0.81%
- 1M
- -3.43%
- YTD
- -1.69%
- 6M
- 1.67%
- 1Y
- 9.31%
- 3Y*
- 7.46%
- 5Y*
- —
- 10Y*
- —
XEMD
- 1D
- 0.83%
- 1M
- -2.61%
- YTD
- -0.51%
- 6M
- 3.45%
- 1Y
- 10.87%
- 3Y*
- 10.10%
- 5Y*
- —
- 10Y*
- —
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EMHC vs. XEMD - Expense Ratio Comparison
EMHC has a 0.23% expense ratio, which is lower than XEMD's 0.29% expense ratio.
Return for Risk
EMHC vs. XEMD — Risk / Return Rank
EMHC
XEMD
EMHC vs. XEMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) 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.
| EMHC | XEMD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.88 | -0.50 |
Sortino ratioReturn per unit of downside risk | 2.01 | 2.64 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.40 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.18 | 3.10 | -0.92 |
Martin ratioReturn relative to average drawdown | 8.84 | 13.23 | -4.39 |
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
| EMHC | XEMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.88 | -0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 1.31 | -1.16 |
Correlation
The correlation between EMHC and XEMD is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EMHC vs. XEMD - Dividend Comparison
EMHC's dividend yield for the trailing twelve months is around 6.33%, more than XEMD's 6.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | 6.33% | 6.16% | 5.95% | 5.12% | 5.11% | 2.97% |
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 6.10% | 6.15% | 6.30% | 6.19% | 3.08% | 0.00% |
Drawdowns
EMHC vs. XEMD - Drawdown Comparison
The maximum EMHC drawdown since its inception was -28.03%, which is greater than XEMD's maximum drawdown of -10.01%. Use the drawdown chart below to compare losses from any high point for EMHC and XEMD.
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Drawdown Indicators
| EMHC | XEMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.03% | -10.01% | -18.02% |
Max Drawdown (1Y)Largest decline over 1 year | -4.37% | -3.52% | -0.85% |
Current DrawdownCurrent decline from peak | -3.44% | -2.72% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -10.22% | -1.29% | -8.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.82% | +0.26% |
Volatility
EMHC vs. XEMD - Volatility Comparison
SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) has a higher volatility of 2.75% compared to BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) at 2.43%. This indicates that EMHC's price experiences larger fluctuations and is considered to be riskier than XEMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMHC | XEMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 2.43% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 3.40% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.76% | 5.81% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.05% | 6.94% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.05% | 6.94% | +2.11% |