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 SPDR 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMHC or XEMD.
Key characteristics
| EMHC | XEMD | |
|---|---|---|
| YTD Return | 4.25% | 8.63% |
| 1Y Return | 11.85% | 14.05% |
| Sharpe Ratio | 1.84 | 2.72 |
| Sortino Ratio | 2.74 | 4.08 |
| Omega Ratio | 1.33 | 1.52 |
| Calmar Ratio | 0.76 | 5.96 |
| Martin Ratio | 9.37 | 19.45 |
| Ulcer Index | 1.48% | 0.79% |
| Daily Std Dev | 7.54% | 5.65% |
| Max Drawdown | -28.03% | -10.01% |
| Current Drawdown | -8.14% | -0.78% |
Correlation
The correlation between EMHC and XEMD is 0.92, 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.
Performance
EMHC vs. XEMD - Performance Comparison
In the year-to-date period, EMHC achieves a 4.25% return, which is significantly lower than XEMD's 8.63% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
EMHC vs. XEMD - Risk-Adjusted Performance 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.
Dividends
EMHC vs. XEMD - Dividend Comparison
EMHC's dividend yield for the trailing twelve months is around 5.66%, less than XEMD's 6.22% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | 5.66% | 5.12% | 5.10% | 2.97% |
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 6.22% | 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. For additional features, visit the drawdowns tool.
Volatility
EMHC vs. XEMD - Volatility Comparison
SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) has a higher volatility of 1.99% compared to BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) at 1.59%. 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.