XEMD vs. GSIB
XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) and GSIB (Themes Global Systemically Important Banks ETF) 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 GSIB is a Financials Equities fund actively managed by Themes. XEMD is passively managed, while GSIB is actively managed. Over the past year, XEMD returned 8.88% vs 46.76% for GSIB. Their 0.43 correlation means their historical movements had little consistent relationship. XEMD charges 0.29%/yr vs 0.35%/yr for GSIB.
Performance
XEMD vs. GSIB - Performance Comparison
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Returns By Period
In the year-to-date period, XEMD achieves a 2.49% return, which is significantly lower than GSIB's 22.66% return.
XEMD
- 1D
- 0.02%
- 1M
- -0.62%
- 6M
- 1.43%
- YTD
- 2.49%
- 1Y
- 8.88%
- 3Y*
- 10.14%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.24%
GSIB
- 1D
- -0.11%
- 1M
- 7.17%
- 6M
- 18.14%
- YTD
- 22.66%
- 1Y
- 46.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 45.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.37M | $1.31M | $753.15K | |
| $5.44M | $11.46M | $8.01M |
XEMD vs. GSIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2.49% | 13.98% | 8.77% | 0.10% |
GSIB Themes Global Systemically Important Banks ETF | 22.66% | 61.67% | 32.86% | 1.75% |
Correlation
The correlation between XEMD and GSIB is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2023 | 0.43 |
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Return for Risk
XEMD vs. GSIB — Risk / Return Rank
XEMD
GSIB
XEMD vs. GSIB - 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 Themes Global Systemically Important Banks ETF (GSIB). 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 | GSIB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.43 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 3.38 | -0.85 |
| Martin ratioReturn relative to average drawdown | 10.95 | 11.87 | -0.92 |
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Drawdowns
XEMD vs. GSIB - Drawdown Comparison
The maximum XEMD drawdown since its inception was -10.01%, smaller than the maximum GSIB drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for XEMD and GSIB.
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Drawdown Indicators
| XEMD | GSIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.01% | -17.71% | +7.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -13.90% | +10.38% |
Max Drawdown (3Y)Largest decline over 3 years | -4.23% | — | — |
Current DrawdownCurrent decline from peak | -0.96% | -0.11% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -1.99% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 3.95% | -3.14% |
Volatility
XEMD vs. GSIB - Volatility Comparison
The current volatility for BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) is 0.96%, while Themes Global Systemically Important Banks ETF (GSIB) has a volatility of 5.74%. This indicates that XEMD experiences smaller price fluctuations and is considered to be less risky than GSIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEMD | GSIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 5.74% | -4.78% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 14.93% | -11.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.74% | 17.90% | -13.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 18.46% | -11.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.80% | 18.46% | -11.66% |
XEMD vs. GSIB - Expense Ratio Comparison
XEMD has a 0.29% expense ratio, which is lower than GSIB's 0.35% expense ratio.
Dividends
XEMD vs. GSIB - Dividend Comparison
XEMD's dividend yield for the trailing twelve months is around 5.82%, more than GSIB's 1.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GSIB Themes Global Systemically Important Banks ETF | 1.55% | 1.91% | 1.67% | 0.00% | 0.00% |
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 5.82% | 6.15% | 6.30% | 6.19% | 3.08% |
Frequently Asked Questions
XEMD and GSIB have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSIB has higher volatility (5.74%) compared to XEMD (0.96%). In terms of maximum drawdown, XEMD dropped -10.01% vs GSIB's -17.71%.
On 1-year performance, GSIB leads with 46.76% vs 8.88% for XEMD. 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 1-year period, GSIB has performed better with a 46.76% return vs 8.88%. 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 0.35% for GSIB.
XEMD has the higher dividend yield at 5.82%, compared with 1.55% for GSIB.
XEMD is categorized as Emerging Markets Bonds, while GSIB is Financials Equities. They also come from different issuers: BondBloxx and Themes. Their fees differ too: 0.29% for XEMD and 0.35% for GSIB.
GSIB currently has the higher Sharpe Ratio (2.63 vs 1.88), 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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