XEMD vs. ELD
XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) and ELD (WisdomTree Emerging Markets Local Debt Fund) are both Emerging Markets Bonds funds. XEMD is passively managed, while ELD is actively managed. Over the past 3 years, XEMD returned 10.14%/yr vs 6.39%/yr for ELD. Their 0.47 correlation means their historical movements had little consistent relationship. XEMD charges 0.29%/yr vs 0.55%/yr for ELD.
Performance
XEMD vs. ELD - Performance Comparison
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Returns By Period
In the year-to-date period, XEMD achieves a 2.49% return, which is significantly higher than ELD's 1.41% return.
XEMD
- 1D
- 0.02%
- 1M
- -0.82%
- 6M
- 1.43%
- YTD
- 2.49%
- 1Y
- 8.65%
- 3Y*
- 10.14%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.24%
ELD
- 1D
- -0.16%
- 1M
- -0.19%
- 6M
- -0.68%
- YTD
- 1.41%
- 1Y
- 9.31%
- 3Y*
- 6.39%
- 5Y*
- 2.91%
- 10Y*
- 2.53%
- ALL TIME*
- 1.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $414.11K | $467.33K | $1.01M | |
| $5.44M | $11.46M | $8.01M |
XEMD vs. ELD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2.49% | 13.98% | 8.77% | 10.26% | 2.40% |
ELD WisdomTree Emerging Markets Local Debt Fund | 1.41% | 21.77% | -4.56% | 14.29% | 3.12% |
Correlation
The correlation between XEMD and ELD is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.47 |
The correlation between XEMD and ELD has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.
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Return for Risk
XEMD vs. ELD — Risk / Return Rank
XEMD
ELD
XEMD vs. ELD - 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 WisdomTree Emerging Markets Local Debt Fund (ELD). 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.
| XEMD | ELD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.22 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 1.45 | +1.08 |
| Martin ratioReturn relative to average drawdown | 10.95 | 4.63 | +6.32 |
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Drawdowns
XEMD vs. ELD - Drawdown Comparison
The maximum XEMD drawdown since its inception was -10.01%, smaller than the maximum ELD drawdown of -31.92%. Use the drawdown chart below to compare losses from any high point for XEMD and ELD.
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Drawdown Indicators
| XEMD | ELD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.01% | -31.92% | +21.91% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -7.15% | +3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -4.23% | -9.00% | +4.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.15% | — |
Current DrawdownCurrent decline from peak | -0.96% | -2.10% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -13.20% | +11.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 2.23% | -1.42% |
Volatility
XEMD vs. ELD - Volatility Comparison
The current volatility for BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) is 0.96%, while WisdomTree Emerging Markets Local Debt Fund (ELD) has a volatility of 2.22%. This indicates that XEMD experiences smaller price fluctuations and is considered to be less risky than ELD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEMD | ELD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 2.22% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 7.49% | -3.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.74% | 8.65% | -3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 10.98% | -4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.80% | 11.18% | -4.38% |
XEMD vs. ELD - Expense Ratio Comparison
XEMD has a 0.29% expense ratio, which is lower than ELD's 0.55% expense ratio.
Dividends
XEMD vs. ELD - Dividend Comparison
XEMD's dividend yield for the trailing twelve months is around 5.82%, less than ELD's 5.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 5.98% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 5.24% | 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 ELD have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELD has higher volatility (2.22%) compared to XEMD (0.96%). In terms of maximum drawdown, XEMD dropped -10.01% vs ELD's -31.92%.
On 3-year performance, XEMD leads with 10.14% vs 6.39% for ELD. On fees, XEMD is cheaper at 0.29% per year. On volatility, XEMD has been the lower-risk option at 0.96%. 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 10.14% return vs 6.39%. 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 0.55% for ELD.
ELD has the higher dividend yield at 5.98%, compared with 5.24% for XEMD.
They also come from different issuers: BondBloxx and WisdomTree. Their fees differ too: 0.29% for XEMD and 0.55% for ELD.
XEMD currently has the higher Sharpe Ratio (1.88 vs 1.20), 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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