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XEMD vs. BOND
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

XEMD vs. BOND - Performance Comparison

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

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Returns By Period

In the year-to-date period, XEMD achieves a 3.04% return, which is significantly higher than BOND's 0.65% return.


XEMD

1D
-0.35%
1M
1.03%
YTD
3.04%
6M
3.23%
1Y
11.70%
3Y*
11.00%
5Y*
10Y*

BOND

1D
-0.33%
1M
0.77%
YTD
0.65%
6M
0.84%
1Y
5.88%
3Y*
5.07%
5Y*
0.46%
10Y*
2.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEMD vs. BOND - Yearly Performance Comparison


2026 (YTD)2025202420232022
XEMD
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF
3.04%13.98%8.77%10.26%2.40%
BOND
PIMCO Active Bond ETF
0.65%8.39%2.77%6.48%-2.59%

Correlation

The correlation between XEMD and BOND is 0.64, 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

0.64

Correlation (3Y)
Calculated over the trailing 3-year period

0.65

Correlation (All Time)
Calculated using the full available price history since Jun 30, 2022

0.68

The correlation between XEMD and BOND has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.

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Return for Risk

XEMD vs. BOND — Risk / Return Rank

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

XEMD
XEMD Risk / Return Rank: 8080
Overall Rank
XEMD Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
XEMD Sortino Ratio Rank: 8686
Sortino Ratio Rank
XEMD Omega Ratio Rank: 8484
Omega Ratio Rank
XEMD Calmar Ratio Rank: 6969
Calmar Ratio Rank
XEMD Martin Ratio Rank: 7979
Martin Ratio Rank

BOND
BOND Risk / Return Rank: 4242
Overall Rank
BOND Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
BOND Sortino Ratio Rank: 4444
Sortino Ratio Rank
BOND Omega Ratio Rank: 4242
Omega Ratio Rank
BOND Calmar Ratio Rank: 4040
Calmar Ratio Rank
BOND Martin Ratio Rank: 3939
Martin Ratio Rank
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.

XEMD vs. BOND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) and PIMCO Active Bond ETF (BOND). 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.


XEMDBONDDifference
Sharpe ratioReturn per unit of total volatility

+0.97

Sortino ratioReturn per unit of downside risk

+1.53

Omega ratioGain probability vs. loss probability

1.48

1.26

+0.22

Calmar ratioReturn relative to maximum drawdown

3.34

1.96

+1.37

Martin ratioReturn relative to average drawdown

14.92

5.93

+8.99

XEMD vs. BOND - Sharpe Ratio Comparison

The current XEMD Sharpe Ratio is 2.45, which is higher than the BOND Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of XEMD and BOND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

XEMD vs. BOND - Drawdown Comparison

The maximum XEMD drawdown since its inception was -10.01%, smaller than the maximum BOND drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for XEMD and BOND.


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Drawdown Indicators


XEMDBONDDifference

Max Drawdown

Largest peak-to-trough decline

-10.01%

-19.71%

+9.70%

Max Drawdown (1Y)

Largest decline over 1 year

-3.52%

-3.01%

-0.51%

Max Drawdown (3Y)

Largest decline over 3 years

-4.31%

-6.12%

+1.81%

Max Drawdown (5Y)

Largest decline over 5 years

-19.71%

Max Drawdown (10Y)

Largest decline over 10 years

-19.71%

Current Drawdown

Current decline from peak

-0.42%

-1.40%

+0.98%

Average Drawdown

Average peak-to-trough decline

-1.25%

-3.50%

+2.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.79%

0.99%

-0.20%

Volatility

XEMD vs. BOND - Volatility Comparison

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) has a higher volatility of 1.48% compared to PIMCO Active Bond ETF (BOND) at 1.35%. This indicates that XEMD's price experiences larger fluctuations and is considered to be riskier than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


XEMDBONDDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.48%

1.35%

+0.13%

Volatility (6M)

Calculated over the trailing 6-month period

3.87%

3.05%

+0.82%

Volatility (1Y)

Calculated over the trailing 1-year period

4.80%

3.99%

+0.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.88%

5.78%

+1.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.88%

5.10%

+1.78%

XEMD vs. BOND - Expense Ratio Comparison

XEMD has a 0.29% expense ratio, which is lower than BOND's 0.54% expense ratio.


Dividends

XEMD vs. BOND - Dividend Comparison

XEMD's dividend yield for the trailing twelve months is around 5.81%, more than BOND's 5.18% yield.


PositionTTM20252024202320222021202020192018201720162015
BOND
PIMCO Active Bond ETF
5.18%5.11%5.02%4.06%3.44%2.58%2.66%3.38%3.18%2.87%2.85%4.14%
XEMD
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF
5.81%6.15%6.30%6.19%3.08%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions


XEMD and BOND have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XEMD has higher volatility (1.48%) compared to BOND (1.35%). In terms of maximum drawdown, XEMD dropped -10.01% vs BOND's -19.71%.

On 3-year performance, XEMD leads with 11.00% vs 5.07% for BOND. On fees, XEMD is cheaper at 0.29% per year. On volatility, BOND has been the lower-risk option at 1.35%. 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 11.00% return vs 5.07%. 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 0.54% for BOND.

XEMD has the higher dividend yield at 5.81%, compared with 5.18% for BOND.

XEMD is categorized as Emerging Markets Bonds, while BOND is Intermediate Core-Plus Bond. They also come from different issuers: BondBloxx and PIMCO. Their fees differ too: 0.29% for XEMD and 0.54% for BOND.

XEMD currently has the higher Sharpe Ratio (2.45 vs 1.49), 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.

Portfolio Optimizer

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