XEMD vs. EMHC
Compare and contrast key facts about BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) and SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC).
XEMD and EMHC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XEMD is a passively managed fund by BondBloxx that tracks the performance of the JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index - Benchmark TR Gross. It was launched on Jun 28, 2022. EMHC is a passively managed fund by SPDR that tracks the performance of the Bloomberg Emerging USD Bond Core Index - Benchmark TR Net. It was launched on Apr 6, 2021. Both XEMD and EMHC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XEMD or EMHC.
Key characteristics
| XEMD | EMHC | |
|---|---|---|
| YTD Return | 9.15% | 5.10% |
| 1Y Return | 15.53% | 14.23% |
| Sharpe Ratio | 2.80 | 1.94 |
| Sortino Ratio | 4.20 | 2.89 |
| Omega Ratio | 1.54 | 1.35 |
| Calmar Ratio | 6.12 | 0.76 |
| Martin Ratio | 20.06 | 10.01 |
| Ulcer Index | 0.79% | 1.46% |
| Daily Std Dev | 5.66% | 7.54% |
| Max Drawdown | -10.01% | -28.03% |
| Current Drawdown | -0.31% | -7.39% |
Correlation
The correlation between XEMD and EMHC is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XEMD vs. EMHC - Performance Comparison
In the year-to-date period, XEMD achieves a 9.15% return, which is significantly higher than EMHC's 5.10% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XEMD vs. EMHC - Expense Ratio Comparison
XEMD has a 0.29% expense ratio, which is higher than EMHC's 0.23% expense ratio.
Risk-Adjusted Performance
XEMD vs. EMHC - Risk-Adjusted Performance 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 SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC). 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.
Dividends
XEMD vs. EMHC - Dividend Comparison
XEMD's dividend yield for the trailing twelve months is around 6.19%, more than EMHC's 5.62% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 6.19% | 6.19% | 3.08% | 0.00% |
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | 5.62% | 5.12% | 5.10% | 2.97% |
Drawdowns
XEMD vs. EMHC - Drawdown Comparison
The maximum XEMD drawdown since its inception was -10.01%, smaller than the maximum EMHC drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for XEMD and EMHC. For additional features, visit the drawdowns tool.
Volatility
XEMD vs. EMHC - Volatility Comparison
The current volatility for BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) is 1.54%, while SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) has a volatility of 1.93%. This indicates that XEMD experiences smaller price fluctuations and is considered to be less risky than EMHC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.