XEM-USD vs. FRDM
XEM-USD (NEM) is a cryptocurrency, while FRDM (Freedom 100 Emerging Markets ETF) is Emerging Markets Diversified fund tracking the Life + Liberty Freedom 100 Emerging Markets Index. Over the past 5 years, XEM-USD returned -68.70%/yr vs 17.22%/yr for FRDM. At a 0.19 correlation, their price movements are largely independent.
Performance
XEM-USD vs. FRDM - Performance Comparison
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Returns By Period
In the year-to-date period, XEM-USD achieves a -60.21% return, which is significantly lower than FRDM's 28.51% return.
XEM-USD
- 1D
- -3.94%
- 1M
- -17.50%
- 6M
- -52.69%
- YTD
- -60.21%
- 1Y
- -80.04%
- 3Y*
- -74.97%
- 5Y*
- -68.70%
- 10Y*
- —
FRDM
- 1D
- -2.99%
- 1M
- -9.96%
- 6M
- 18.89%
- YTD
- 28.51%
- 1Y
- 65.35%
- 3Y*
- 28.85%
- 5Y*
- 17.22%
- 10Y*
- —
XEM-USD vs. FRDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XEM-USD NEM | -60.21% | -95.00% | -39.05% | 36.89% | -76.79% | -40.13% | 542.53% | -59.51% |
FRDM Freedom 100 Emerging Markets ETF | 28.51% | 61.27% | 1.70% | 22.77% | -14.45% | 6.13% | 16.90% | 12.23% |
Correlation
The correlation between XEM-USD and FRDM is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 23, 2019 | 0.19 |
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Return for Risk
XEM-USD vs. FRDM — Risk / Return Rank
XEM-USD
FRDM
XEM-USD vs. FRDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEM (XEM-USD) and Freedom 100 Emerging Markets ETF (FRDM). 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.
| XEM-USD | FRDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.79 | ||
| Sortino ratioReturn per unit of downside risk | -3.79 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.39 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 3.89 | -4.80 |
| Martin ratioReturn relative to average drawdown | -1.19 | 13.41 | -14.60 |
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Drawdowns
XEM-USD vs. FRDM - Drawdown Comparison
The maximum XEM-USD drawdown since its inception was -99.98%, which is greater than FRDM's maximum drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for XEM-USD and FRDM.
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Drawdown Indicators
| XEM-USD | FRDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -40.49% | -59.49% |
Max Drawdown (1Y)Largest decline over 1 year | -88.28% | -16.87% | -71.41% |
Max Drawdown (3Y)Largest decline over 3 years | -99.34% | -16.87% | -82.47% |
Max Drawdown (5Y)Largest decline over 5 years | -99.83% | -29.25% | -70.58% |
Current DrawdownCurrent decline from peak | -99.97% | -13.89% | -86.08% |
Average DrawdownAverage peak-to-trough decline | -90.18% | -7.08% | -83.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.74% | 4.89% | +43.85% |
Volatility
XEM-USD vs. FRDM - Volatility Comparison
NEM (XEM-USD) has a higher volatility of 83.70% compared to Freedom 100 Emerging Markets ETF (FRDM) at 13.07%. This indicates that XEM-USD's price experiences larger fluctuations and is considered to be riskier than FRDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEM-USD | FRDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 83.70% | 13.07% | +70.63% |
Volatility (6M)Calculated over the trailing 6-month period | 94.43% | 27.60% | +66.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 116.84% | 29.63% | +87.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.00% | 22.11% | +73.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.23% | 23.49% | +83.74% |
Frequently Asked Questions
XEM-USD and FRDM have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XEM-USD has higher volatility (83.70%) compared to FRDM (13.07%). In terms of maximum drawdown, XEM-USD dropped -99.98% vs FRDM's -40.49%.
FRDM currently has the higher Sharpe Ratio (2.22 vs -0.57), 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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