XEMD vs. JAAA
XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) and JAAA (Janus Henderson AAA CLO 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 JAAA is a CLO fund actively managed by Janus Henderson. XEMD is passively managed, while JAAA is actively managed. Over the past 3 years, XEMD returned 10.14%/yr vs 6.20%/yr for JAAA. Their 0.12 correlation means their historical movements had little consistent relationship. XEMD charges 0.29%/yr vs 0.20%/yr for JAAA.
Performance
XEMD vs. JAAA - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with XEMD having a 2.49% return and JAAA slightly higher at 2.60%.
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%
JAAA
- 1D
- 0.06%
- 1M
- 0.40%
- 6M
- 2.05%
- YTD
- 2.60%
- 1Y
- 4.88%
- 3Y*
- 6.20%
- 5Y*
- 4.88%
- 10Y*
- —
- ALL TIME*
- 4.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $257.93M | $255.22M | $259.12M | |
| $5.44M | $11.46M | $8.01M |
XEMD vs. JAAA - 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% |
JAAA Janus Henderson AAA CLO ETF | 2.60% | 5.16% | 7.43% | 8.59% | 2.61% |
Correlation
The correlation between XEMD and JAAA is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.12 |
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. JAAA — Risk / Return Rank
XEMD
JAAA
XEMD vs. JAAA - 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 Janus Henderson AAA CLO ETF (JAAA). 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 | JAAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.31 | ||
| Sortino ratioReturn per unit of downside risk | -7.37 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 2.84 | -1.48 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 12.63 | -10.10 |
| Martin ratioReturn relative to average drawdown | 10.95 | 68.67 | -57.71 |
Loading charts...
Drawdowns
XEMD vs. JAAA - Drawdown Comparison
The maximum XEMD drawdown since its inception was -10.01%, which is greater than JAAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for XEMD and JAAA.
Loading charts...
Drawdown Indicators
| XEMD | JAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.01% | -2.64% | -7.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -0.39% | -3.13% |
Max Drawdown (3Y)Largest decline over 3 years | -4.23% | -1.46% | -2.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -2.64% | — |
Current DrawdownCurrent decline from peak | -0.96% | 0.00% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -0.24% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.07% | +0.74% |
Volatility
XEMD vs. JAAA - Volatility Comparison
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) has a higher volatility of 0.96% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.16%. This indicates that XEMD's price experiences larger fluctuations and is considered to be riskier than JAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XEMD | JAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 0.16% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 0.62% | +3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.74% | 0.79% | +3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 1.66% | +5.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.80% | 1.62% | +5.18% |
XEMD vs. JAAA - Expense Ratio Comparison
XEMD has a 0.29% expense ratio, which is higher than JAAA's 0.20% expense ratio.
Dividends
XEMD vs. JAAA - Dividend Comparison
XEMD's dividend yield for the trailing twelve months is around 5.82%, more than JAAA's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JAAA Janus Henderson AAA CLO ETF | 5.35% | 5.30% | 6.35% | 6.11% | 2.74% | 1.21% | 0.26% |
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 5.82% | 6.15% | 6.30% | 6.19% | 3.08% | 0.00% | 0.00% |
Frequently Asked Questions
XEMD and JAAA have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XEMD has higher volatility (0.96%) compared to JAAA (0.16%). In terms of maximum drawdown, XEMD dropped -10.01% vs JAAA's -2.64%.
On 3-year performance, XEMD leads with 10.14% vs 6.20% for JAAA. On fees, JAAA is cheaper at 0.20% per year. On volatility, JAAA has been the lower-risk option at 0.16%. 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 6.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JAAA is cheaper with a 0.20% expense ratio, compared with 0.29% for XEMD.
XEMD has the higher dividend yield at 5.82%, compared with 5.35% for JAAA.
XEMD is categorized as Emerging Markets Bonds, while JAAA is CLO. They also come from different issuers: BondBloxx and Janus Henderson. Their fees differ too: 0.29% for XEMD and 0.20% for JAAA.
JAAA currently has the higher Sharpe Ratio (6.19 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.
Find the right allocation for XEMD and JAAA
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