TBIIX vs. XEMD

Last updated Apr 1, 2026

Compare and contrast key facts about TIAA-CREF Bond Index Fund (TBIIX) and BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD).

TBIIX is managed by TIAA Investments. It was launched on Sep 14, 2009. 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.

Performance

TBIIX vs. XEMD - Performance Comparison

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

TBIIX vs. XEMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TBIIX TIAA-CREF Bond Index Fund	-0.49%	7.12%	1.13%	5.13%	-3.44%
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

The year-to-date returns for both stocks are quite close, with TBIIX having a -0.49% return and XEMD slightly lower at -0.51%.

TBIIX

• 1D: 0.52%
• 1M: -2.32%
• YTD: -0.49%
• 6M: 0.47%
• 1Y: 3.77%
• 3Y*: 3.19%
• 5Y*: -0.09%
• 10Y*: 1.42%

XEMD

• 1D: 0.83%
• 1M: -2.61%
• YTD: -0.51%
• 6M: 3.45%
• 1Y: 10.87%
• 3Y*: 10.10%
• 5Y*: —
• 10Y*: —

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

TBIIX vs. XEMD - Expense Ratio Comparison

TBIIX has a 0.07% expense ratio, which is lower than XEMD's 0.29% expense ratio.

XEMD

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

TBIIX

TIAA-CREF Bond Index Fund

Return for Risk

TBIIX vs. XEMD — Risk / Return Rank

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

TBIIX

TBIIX Risk / Return Rank: 52
TBIIX Sharpe Ratio Rank: 51
TBIIX Sortino Ratio Rank: 49
TBIIX Omega Ratio Rank: 36
TBIIX Calmar Ratio Rank: 73
TBIIX Martin Ratio Rank: 49

XEMD

XEMD Risk / Return Rank: 91
XEMD Sharpe Ratio Rank: 89
XEMD Sortino Ratio Rank: 91
XEMD Omega Ratio Rank: 92
XEMD Calmar Ratio Rank: 91
XEMD Martin Ratio Rank: 93

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.

TBIIX vs. XEMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Bond Index Fund (TBIIX) 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.

	TBIIX	XEMD	Difference
Sharpe ratio Return per unit of total volatility	0.96	1.88	-0.92
Sortino ratio Return per unit of downside risk	1.38	2.64	-1.26
Omega ratio Gain probability vs. loss probability	1.17	1.40	-0.23
Calmar ratio Return relative to maximum drawdown	1.68	3.10	-1.42
Martin ratio Return relative to average drawdown	4.81	13.23	-8.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TBIIX vs. XEMD - Sharpe Ratio Comparison

The current TBIIX Sharpe Ratio is 0.96, which is lower than the XEMD Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of TBIIX and XEMD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TBIIX	XEMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	1.88	-0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	1.31	-0.78

Correlation

The correlation between TBIIX and XEMD is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TBIIX vs. XEMD - Dividend Comparison

TBIIX's dividend yield for the trailing twelve months is around 3.52%, less than XEMD's 6.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TBIIX TIAA-CREF Bond Index Fund	3.52%	3.73%	3.14%	2.44%	2.11%	2.07%	3.17%	2.82%	2.46%	2.44%	2.31%	2.61%
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF	5.57%	6.15%	6.30%	6.19%	3.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

TBIIX vs. XEMD - Drawdown Comparison

The maximum TBIIX drawdown since its inception was -19.33%, which is greater than XEMD's maximum drawdown of -10.01%. Use the drawdown chart below to compare losses from any high point for TBIIX and XEMD.

Drawdown Indicators

	TBIIX	XEMD	Difference
Max Drawdown Largest peak-to-trough decline	-19.33%	-10.01%	-9.32%
Max Drawdown (1Y) Largest decline over 1 year	-2.83%	-3.52%	+0.69%
Max Drawdown (5Y) Largest decline over 5 years	-18.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.33%	—	—
Current Drawdown Current decline from peak	-4.35%	-2.72%	-1.63%
Average Drawdown Average peak-to-trough decline	-3.68%	-1.29%	-2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	0.82%	+0.17%

Volatility

TBIIX vs. XEMD - Volatility Comparison

The current volatility for TIAA-CREF Bond Index Fund (TBIIX) is 1.61%, while BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) has a volatility of 2.43%. This indicates that TBIIX 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.

Volatility by Period

	TBIIX	XEMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.61%	2.43%	-0.82%
Volatility (6M) Calculated over the trailing 6-month period	2.68%	3.40%	-0.72%
Volatility (1Y) Calculated over the trailing 1-year period	4.55%	5.81%	-1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.05%	6.94%	-0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.00%	6.94%	-1.94%