XCCC vs. XEMD
XCCC (BondBloxx CCC Rated USD High Yield Corporate Bond ETF) and XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) are both exchange-traded funds - XCCC is a High Yield Bonds fund tracking the ICE BofA CCC and Lower US High Yield Constrained Index, while XEMD is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, XCCC returned 10.79%/yr vs 11.23%/yr for XEMD. A 0.67 correlation means they provide meaningful diversification when combined. XCCC charges 0.40%/yr vs 0.29%/yr for XEMD.
Performance
XCCC vs. XEMD - Performance Comparison
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Returns By Period
In the year-to-date period, XCCC achieves a -0.05% return, which is significantly lower than XEMD's 2.75% return.
XCCC
- 1D
- -0.44%
- 1M
- -0.23%
- YTD
- -0.05%
- 6M
- 0.38%
- 1Y
- 5.67%
- 3Y*
- 10.79%
- 5Y*
- —
- 10Y*
- —
XEMD
- 1D
- -0.37%
- 1M
- 1.21%
- YTD
- 2.75%
- 6M
- 3.27%
- 1Y
- 11.88%
- 3Y*
- 11.23%
- 5Y*
- —
- 10Y*
- —
XCCC vs. XEMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF | -0.05% | 7.25% | 13.01% | 20.57% | 1.65% |
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2.75% | 13.98% | 8.77% | 10.26% | 1.82% |
Correlation
The correlation between XCCC and XEMD is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.67 |
The correlation between XCCC and XEMD has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
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Return for Risk
XCCC vs. XEMD — Risk / Return Rank
XCCC
XEMD
XCCC vs. XEMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) 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.
| XCCC | XEMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.51 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 3.39 | -2.28 |
| Martin ratioReturn relative to average drawdown | 3.72 | 15.27 | -11.55 |
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
| XCCC | XEMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 2.57 | -1.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 1.39 | -0.44 |
Drawdowns
XCCC vs. XEMD - Drawdown Comparison
The maximum XCCC drawdown since its inception was -10.99%, which is greater than XEMD's maximum drawdown of -10.01%. Use the drawdown chart below to compare losses from any high point for XCCC and XEMD.
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Drawdown Indicators
| XCCC | XEMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.99% | -10.01% | -0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -3.52% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -10.99% | -4.31% | -6.68% |
Current DrawdownCurrent decline from peak | -1.05% | -0.37% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -1.26% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 0.78% | +0.75% |
Volatility
XCCC vs. XEMD - Volatility Comparison
BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) has a higher volatility of 1.51% compared to BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) at 1.43%. This indicates that XCCC'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
| XCCC | XEMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.43% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 3.70% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.25% | 4.66% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.82% | 6.88% | +1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.82% | 6.88% | +1.94% |
XCCC vs. XEMD - Expense Ratio Comparison
XCCC has a 0.40% expense ratio, which is higher than XEMD's 0.29% expense ratio.
Dividends
XCCC vs. XEMD - Dividend Comparison
XCCC's dividend yield for the trailing twelve months is around 10.05%, more than XEMD's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 10.05% | 10.06% | 10.68% | 12.05% | 7.63% |
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 5.82% | 6.15% | 6.30% | 6.19% | 3.08% |
Frequently Asked Questions
XCCC and XEMD have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XCCC has higher volatility (1.51%) compared to XEMD (1.43%). In terms of maximum drawdown, XCCC dropped -10.99% vs XEMD's -10.01%.
On 3-year performance, XEMD leads with 11.23% vs 10.79% for XCCC. On fees, XEMD is cheaper at 0.29% per year. Their volatility is very similar. 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 11.23% return vs 10.79%. 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 0.40% for XCCC.
XCCC has the higher dividend yield at 10.05%, compared with 5.82% for XEMD.
XCCC is categorized as High Yield Bonds, while XEMD is Emerging Markets Bonds. XCCC tracks ICE BofA CCC and Lower US High Yield Constrained Index, while XEMD tracks JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index - Benchmark TR Gross. Their fees differ too: 0.40% for XCCC and 0.29% for XEMD.
XEMD currently has the higher Sharpe Ratio (2.57 vs 1.09), 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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