XEMD vs. GAEM

Last updated Apr 1, 2026

Compare and contrast key facts about BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) and Simplify Gamma Emerging Market Bond ETF (GAEM).

XEMD and GAEM 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. GAEM is an actively managed fund by Simplify. It was launched on Aug 12, 2024.

Performance

XEMD vs. GAEM - 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 Simplify Gamma Emerging Market Bond ETF (GAEM). The values are adjusted to include any dividend payments, if applicable.

XEMD vs. GAEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF	-0.51%	13.98%	2.45%
GAEM Simplify Gamma Emerging Market Bond ETF	-1.25%	13.55%	3.72%

Returns By Period

In the year-to-date period, XEMD achieves a -0.51% return, which is significantly higher than GAEM's -1.25% return.

XEMD

• 1D: 0.83%
• 1M: -2.61%
• YTD: -0.51%
• 6M: 3.45%
• 1Y: 10.87%
• 3Y*: 10.10%
• 5Y*: —
• 10Y*: —

GAEM

• 1D: 0.58%
• 1M: -2.64%
• YTD: -1.25%
• 6M: 1.75%
• 1Y: 9.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XEMD vs. GAEM - Expense Ratio Comparison

XEMD has a 0.29% expense ratio, which is lower than GAEM's 0.76% expense ratio.

GAEM

Simplify Gamma Emerging Market Bond ETF

XEMD

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

Return for Risk

XEMD vs. GAEM — Risk / Return Rank

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

XEMD

XEMD Risk / Return Rank: 91
XEMD Sharpe Ratio Rank: 89
XEMD Sortino Ratio Rank: 91
XEMD Omega Ratio Rank: 92
XEMD Calmar Ratio Rank: 91
XEMD Martin Ratio Rank: 93

GAEM

GAEM Risk / Return Rank: 89
GAEM Sharpe Ratio Rank: 86
GAEM Sortino Ratio Rank: 91
GAEM Omega Ratio Rank: 88
GAEM Calmar Ratio Rank: 88
GAEM Martin Ratio Rank: 90

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. GAEM - 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 Simplify Gamma Emerging Market Bond ETF (GAEM). 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.

	XEMD	GAEM	Difference
Sharpe ratio Return per unit of total volatility	1.88	1.78	+0.10
Sortino ratio Return per unit of downside risk	2.64	2.67	-0.03
Omega ratio Gain probability vs. loss probability	1.40	1.36	+0.04
Calmar ratio Return relative to maximum drawdown	3.10	2.79	+0.31
Martin ratio Return relative to average drawdown	13.23	11.88	+1.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XEMD vs. GAEM - Sharpe Ratio Comparison

The current XEMD Sharpe Ratio is 1.88, which is comparable to the GAEM Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of XEMD and GAEM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XEMD	GAEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	1.78	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	2.00	-0.69

Correlation

The correlation between XEMD and GAEM is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XEMD vs. GAEM - Dividend Comparison

XEMD's dividend yield for the trailing twelve months is around 6.10%, less than GAEM's 6.72% yield.

	TTM	2025	2024	2023	2022
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF	6.10%	6.15%	6.30%	6.19%	3.08%
GAEM Simplify Gamma Emerging Market Bond ETF	6.72%	6.50%	3.78%	0.00%	0.00%

Drawdowns

XEMD vs. GAEM - Drawdown Comparison

The maximum XEMD drawdown since its inception was -10.01%, which is greater than GAEM's maximum drawdown of -3.84%. Use the drawdown chart below to compare losses from any high point for XEMD and GAEM.

Drawdown Indicators

	XEMD	GAEM	Difference
Max Drawdown Largest peak-to-trough decline	-10.01%	-3.84%	-6.17%
Max Drawdown (1Y) Largest decline over 1 year	-3.52%	-3.61%	+0.09%
Current Drawdown Current decline from peak	-2.72%	-2.80%	+0.08%
Average Drawdown Average peak-to-trough decline	-1.29%	-0.51%	-0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	0.85%	-0.03%

Volatility

XEMD vs. GAEM - Volatility Comparison

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) has a higher volatility of 2.43% compared to Simplify Gamma Emerging Market Bond ETF (GAEM) at 2.27%. This indicates that XEMD's price experiences larger fluctuations and is considered to be riskier than GAEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XEMD	GAEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.43%	2.27%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	3.40%	3.37%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	5.81%	5.50%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.94%	4.88%	+2.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.94%	4.88%	+2.06%