GXIG vs. CEMB
GXIG (Global X Investment Grade Corporate Bond ETF) and CEMB (iShares J.P. Morgan EM Corporate Bond ETF) are both Corporate Bonds funds. GXIG is actively managed, while CEMB is passively managed. Over the past year, GXIG returned 3.57% vs 5.62% for CEMB. A 0.73 correlation means they provide meaningful diversification when combined. GXIG charges 0.14%/yr vs 0.50%/yr for CEMB.
Performance
GXIG vs. CEMB - Performance Comparison
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Returns By Period
In the year-to-date period, GXIG achieves a -0.60% return, which is significantly lower than CEMB's 1.34% return.
GXIG
- 1D
- -0.38%
- 1M
- -1.22%
- 6M
- -0.62%
- YTD
- -0.60%
- 1Y
- 3.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEMB
- 1D
- -0.22%
- 1M
- -0.19%
- 6M
- 1.04%
- YTD
- 1.34%
- 1Y
- 5.62%
- 3Y*
- 6.91%
- 5Y*
- 1.84%
- 10Y*
- 3.33%
GXIG vs. CEMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GXIG Global X Investment Grade Corporate Bond ETF | -0.60% | 4.61% |
CEMB iShares J.P. Morgan EM Corporate Bond ETF | 1.34% | 5.31% |
Correlation
The correlation between GXIG and CEMB is 0.74, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025 | 0.73 |
The correlation between GXIG and CEMB has been stable across timeframes, ranging from 0.73 to 0.74 - a consistent structural relationship.
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Return for Risk
GXIG vs. CEMB — Risk / Return Rank
GXIG
CEMB
GXIG vs. CEMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Investment Grade Corporate Bond ETF (GXIG) and iShares J.P. Morgan EM Corporate Bond ETF (CEMB). 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.
| GXIG | CEMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.35 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.96 | -0.83 |
| Martin ratioReturn relative to average drawdown | 2.70 | 8.42 | -5.72 |
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Drawdowns
GXIG vs. CEMB - Drawdown Comparison
The maximum GXIG drawdown since its inception was -3.18%, smaller than the maximum CEMB drawdown of -20.84%. Use the drawdown chart below to compare losses from any high point for GXIG and CEMB.
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Drawdown Indicators
| GXIG | CEMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.18% | -20.84% | +17.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -2.88% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.84% | — |
Current DrawdownCurrent decline from peak | -2.37% | -0.50% | -1.87% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -3.63% | +2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.67% | +0.66% |
Volatility
GXIG vs. CEMB - Volatility Comparison
Global X Investment Grade Corporate Bond ETF (GXIG) has a higher volatility of 1.53% compared to iShares J.P. Morgan EM Corporate Bond ETF (CEMB) at 0.97%. This indicates that GXIG's price experiences larger fluctuations and is considered to be riskier than CEMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GXIG | CEMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 0.97% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 3.41% | 2.54% | +0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.74% | 3.10% | +2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.71% | 5.63% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.71% | 6.28% | -0.57% |
GXIG vs. CEMB - Expense Ratio Comparison
GXIG has a 0.14% expense ratio, which is lower than CEMB's 0.50% expense ratio.
Dividends
GXIG vs. CEMB - Dividend Comparison
GXIG's dividend yield for the trailing twelve months is around 6.40%, more than CEMB's 5.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEMB iShares J.P. Morgan EM Corporate Bond ETF | 5.22% | 5.14% | 5.11% | 4.77% | 4.29% | 3.51% | 3.86% | 4.19% | 4.66% | 4.06% | 4.26% | 4.76% |
GXIG Global X Investment Grade Corporate Bond ETF | 6.40% | 3.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GXIG and CEMB have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GXIG has higher volatility (1.53%) compared to CEMB (0.97%). In terms of maximum drawdown, GXIG dropped -3.18% vs CEMB's -20.84%.
On 1-year performance, CEMB leads with 5.62% vs 3.57% for GXIG. On fees, GXIG is cheaper at 0.14% per year. On volatility, CEMB has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CEMB has performed better with a 5.62% return vs 3.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GXIG is cheaper with a 0.14% expense ratio, compared with 0.50% for CEMB.
GXIG has the higher dividend yield at 6.40%, compared with 5.22% for CEMB.
They also come from different issuers: Global X and iShares. Their fees differ too: 0.14% for GXIG and 0.50% for CEMB.
CEMB currently has the higher Sharpe Ratio (1.82 vs 0.63), 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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