EMTL vs. XEMD
EMTL (SPDR DoubleLine Emerging Markets Fixed Income ETF) and XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) are both Emerging Markets Bonds funds. EMTL is actively managed, while XEMD is passively managed. Over the past 3 years, EMTL returned 6.67%/yr vs 10.98%/yr for XEMD. A 0.74 correlation means they provide meaningful diversification when combined. EMTL charges 0.65%/yr vs 0.29%/yr for XEMD.
Performance
EMTL vs. XEMD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMTL achieves a 0.44% return, which is significantly lower than XEMD's 2.99% return.
EMTL
- 1D
- -0.28%
- 1M
- 0.36%
- YTD
- 0.44%
- 6M
- 0.69%
- 1Y
- 4.33%
- 3Y*
- 6.67%
- 5Y*
- 1.54%
- 10Y*
- 3.27%
XEMD
- 1D
- -0.05%
- 1M
- 0.99%
- YTD
- 2.99%
- 6M
- 3.17%
- 1Y
- 11.42%
- 3Y*
- 10.98%
- 5Y*
- —
- 10Y*
- —
EMTL vs. XEMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | 0.44% | 8.27% | 5.86% | 9.60% | 0.31% |
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2.99% | 13.98% | 8.77% | 10.26% | 2.40% |
Correlation
The correlation between EMTL and XEMD is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.74 |
The correlation between EMTL and XEMD has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMTL vs. XEMD — Risk / Return Rank
EMTL
XEMD
EMTL vs. XEMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) 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.
| EMTL | XEMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.47 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 3.26 | -1.09 |
| Martin ratioReturn relative to average drawdown | 7.69 | 14.55 | -6.86 |
Loading charts...
Drawdowns
EMTL vs. XEMD - Drawdown Comparison
The maximum EMTL drawdown since its inception was -22.91%, which is greater than XEMD's maximum drawdown of -10.01%. Use the drawdown chart below to compare losses from any high point for EMTL and XEMD.
Loading charts...
Drawdown Indicators
| EMTL | XEMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.91% | -10.01% | -12.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -3.52% | +1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -3.79% | -4.31% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.91% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -0.47% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -1.25% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.79% | -0.23% |
Volatility
EMTL vs. XEMD - Volatility Comparison
The current volatility for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) is 0.73%, while BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) has a volatility of 1.48%. This indicates that EMTL experiences smaller price fluctuations and is considered to be less risky than XEMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMTL | XEMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 1.48% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 1.71% | 3.86% | -2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.27% | 4.79% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 6.87% | -2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 6.87% | -2.19% |
EMTL vs. XEMD - Expense Ratio Comparison
EMTL has a 0.65% expense ratio, which is higher than XEMD's 0.29% expense ratio.
Dividends
EMTL vs. XEMD - Dividend Comparison
EMTL's dividend yield for the trailing twelve months is around 4.97%, less than XEMD's 5.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | 4.97% | 5.09% | 5.34% | 4.78% | 4.19% | 5.43% | 3.28% | 3.96% | 3.35% | 4.16% | 8.87% |
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% |
Frequently Asked Questions
EMTL and XEMD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XEMD has higher volatility (1.48%) compared to EMTL (0.73%). In terms of maximum drawdown, EMTL dropped -22.91% vs XEMD's -10.01%.
On 3-year performance, XEMD leads with 10.98% vs 6.67% for EMTL. On fees, XEMD is cheaper at 0.29% per year. On volatility, EMTL has been the lower-risk option at 0.73%. 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 10.98% return vs 6.67%. 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 0.65% for EMTL.
XEMD has the higher dividend yield at 5.81%, compared with 4.97% for EMTL.
They also come from different issuers: State Street and BondBloxx. Their fees differ too: 0.65% for EMTL and 0.29% for XEMD.
XEMD currently has the higher Sharpe Ratio (2.39 vs 1.92), 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.
Find the right allocation for EMTL and XEMD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer