XEMD vs. FTGC
XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) and FTGC (First Trust Global Tactical Commodity Strategy Fund) are both exchange-traded funds - XEMD is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index - Benchmark TR Gross, while FTGC is a Commodities fund actively managed by First Trust. XEMD is passively managed, while FTGC is actively managed. Over the past 3 years, XEMD returned 11.00%/yr vs 14.70%/yr for FTGC. At a 0.09 correlation, their price movements are largely independent. XEMD charges 0.29%/yr vs 0.95%/yr for FTGC.
Performance
XEMD vs. FTGC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XEMD achieves a 3.04% return, which is significantly lower than FTGC's 20.23% return.
XEMD
- 1D
- -0.35%
- 1M
- 1.03%
- YTD
- 3.04%
- 6M
- 3.23%
- 1Y
- 11.70%
- 3Y*
- 11.00%
- 5Y*
- —
- 10Y*
- —
FTGC
- 1D
- -0.24%
- 1M
- -6.30%
- YTD
- 20.23%
- 6M
- 20.44%
- 1Y
- 26.86%
- 3Y*
- 14.70%
- 5Y*
- 12.56%
- 10Y*
- 7.28%
XEMD vs. FTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 3.04% | 13.98% | 8.77% | 10.26% | 2.40% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 20.23% | 14.61% | 9.96% | -5.36% | -1.44% |
Correlation
The correlation between XEMD and FTGC is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.09 |
The correlation between XEMD and FTGC shifts across timeframes, from -0.19 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XEMD vs. FTGC — Risk / Return Rank
XEMD
FTGC
XEMD vs. FTGC - 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 First Trust Global Tactical Commodity Strategy Fund (FTGC). 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 | FTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.31 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 2.74 | +0.59 |
| Martin ratioReturn relative to average drawdown | 14.92 | 9.43 | +5.49 |
Loading charts...
Drawdowns
XEMD vs. FTGC - Drawdown Comparison
The maximum XEMD drawdown since its inception was -10.01%, smaller than the maximum FTGC drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for XEMD and FTGC.
Loading charts...
Drawdown Indicators
| XEMD | FTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.01% | -59.47% | +49.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -9.84% | +6.32% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -10.39% | +6.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.91% | — |
Current DrawdownCurrent decline from peak | -0.42% | -9.84% | +9.42% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -27.34% | +26.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 2.98% | -2.19% |
Volatility
XEMD vs. FTGC - Volatility Comparison
The current volatility for BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) is 1.48%, while First Trust Global Tactical Commodity Strategy Fund (FTGC) has a volatility of 2.99%. This indicates that XEMD experiences smaller price fluctuations and is considered to be less risky than FTGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XEMD | FTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 2.99% | -1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 3.87% | 13.17% | -9.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.80% | 15.69% | -10.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.88% | 15.86% | -8.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.88% | 14.71% | -7.83% |
XEMD vs. FTGC - Expense Ratio Comparison
XEMD has a 0.29% expense ratio, which is lower than FTGC's 0.95% expense ratio.
Dividends
XEMD vs. FTGC - Dividend Comparison
XEMD's dividend yield for the trailing twelve months is around 5.81%, less than FTGC's 15.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 15.95% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
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% |
Frequently Asked Questions
XEMD and FTGC have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTGC has higher volatility (2.99%) compared to XEMD (1.48%). In terms of maximum drawdown, XEMD dropped -10.01% vs FTGC's -59.47%.
On 3-year performance, FTGC leads with 14.70% vs 11.00% for XEMD. On fees, XEMD is cheaper at 0.29% per year. On volatility, XEMD has been the lower-risk option at 1.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FTGC has performed better with a 14.70% return vs 11.00%. 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 0.95% for FTGC.
FTGC has the higher dividend yield at 15.95%, compared with 5.81% for XEMD.
XEMD is categorized as Emerging Markets Bonds, while FTGC is Commodities. They also come from different issuers: BondBloxx and First Trust. Their fees differ too: 0.29% for XEMD and 0.95% for FTGC.
XEMD currently has the higher Sharpe Ratio (2.45 vs 1.72), 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.
Find the right allocation for XEMD and FTGC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer