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 -68.64%/yr vs 18.93%/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 -53.98% return, which is significantly lower than FRDM's 42.36% return.
XEM-USD
- 1D
- -5.42%
- 1M
- -19.11%
- YTD
- -53.98%
- 6M
- -62.10%
- 1Y
- -92.61%
- 3Y*
- -73.81%
- 5Y*
- -68.64%
- 10Y*
- —
FRDM
- 1D
- -1.56%
- 1M
- 12.02%
- YTD
- 42.36%
- 6M
- 50.70%
- 1Y
- 92.82%
- 3Y*
- 36.48%
- 5Y*
- 18.93%
- 10Y*
- —
XEM-USD vs. FRDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XEM-USD NEM | -53.98% | -95.00% | -39.05% | 36.89% | -76.79% | -40.13% | 542.53% | -60.33% |
FRDM Freedom 100 Emerging Markets ETF | 42.36% | 61.27% | 1.70% | 22.77% | -14.45% | 6.13% | 16.90% | 12.33% |
Correlation
The correlation between XEM-USD and FRDM is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 24, 2019 | 0.19 |
The correlation between XEM-USD and FRDM shifts across timeframes, from 0.10 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.
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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.
| XEM-USD | FRDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.48 | ||
| Sortino ratioReturn per unit of downside risk | -6.20 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.63 | -0.84 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 5.53 | -6.51 |
| Martin ratioReturn relative to average drawdown | -1.11 | 22.24 | -23.35 |
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
| XEM-USD | FRDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.68 | 3.80 | -4.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.64 | 0.91 | -1.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.38 | 0.84 | -1.22 |
Drawdowns
XEM-USD vs. FRDM - Drawdown Comparison
The maximum XEM-USD drawdown since its inception was -99.97%, 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 | -99.97% | -40.49% | -59.48% |
Max Drawdown (1Y)Largest decline over 1 year | -94.44% | -16.87% | -77.57% |
Max Drawdown (3Y)Largest decline over 3 years | -99.14% | -16.87% | -82.27% |
Max Drawdown (5Y)Largest decline over 5 years | -99.79% | -29.25% | -70.54% |
Current DrawdownCurrent decline from peak | -99.97% | -2.83% | -97.14% |
Average DrawdownAverage peak-to-trough decline | -90.08% | -7.09% | -82.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.04% | 4.19% | +47.85% |
Volatility
XEM-USD vs. FRDM - Volatility Comparison
NEM (XEM-USD) has a higher volatility of 22.34% compared to Freedom 100 Emerging Markets ETF (FRDM) at 11.04%. 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 | 22.34% | 11.04% | +11.30% |
Volatility (6M)Calculated over the trailing 6-month period | 56.08% | 21.73% | +34.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 113.11% | 24.57% | +88.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.89% | 20.81% | +68.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.79% | 22.77% | +81.02% |
Frequently Asked Questions
XEM-USD and FRDM have a correlation of 0.10, 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 (22.34%) compared to FRDM (11.04%). In terms of maximum drawdown, XEM-USD dropped -99.97% vs FRDM's -40.49%.
FRDM currently has the higher Sharpe Ratio (3.80 vs -0.68), 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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