XEMD vs. OILK
XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) and OILK (ProShares K-1 Free Crude Oil Strategy 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 OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index. Both are passively managed. Over the past 3 years, XEMD returned 11.18%/yr vs 18.39%/yr for OILK. At a correlation of -0.02, they often move in opposite directions. XEMD charges 0.29%/yr vs 0.68%/yr for OILK.
Performance
XEMD vs. OILK - Performance Comparison
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Returns By Period
In the year-to-date period, XEMD achieves a 2.94% return, which is significantly lower than OILK's 61.09% return.
XEMD
- 1D
- 0.18%
- 1M
- 0.89%
- YTD
- 2.94%
- 6M
- 3.52%
- 1Y
- 11.81%
- 3Y*
- 11.18%
- 5Y*
- —
- 10Y*
- —
OILK
- 1D
- -1.91%
- 1M
- -2.15%
- YTD
- 61.09%
- 6M
- 56.40%
- 1Y
- 56.95%
- 3Y*
- 18.39%
- 5Y*
- 17.28%
- 10Y*
- —
XEMD vs. OILK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2.94% | 13.98% | 8.77% | 10.26% | 1.82% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 61.09% | -11.86% | 8.18% | -0.97% | -12.05% |
Correlation
The correlation between XEMD and OILK is -0.38, 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 | -0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | -0.02 |
Over the past year, the inverse relationship between XEMD and OILK has strengthened: their correlation has moved from -0.02 to -0.38, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
XEMD vs. OILK — Risk / Return Rank
XEMD
OILK
XEMD vs. OILK - 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 ProShares K-1 Free Crude Oil Strategy ETF (OILK). 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 | OILK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.33 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 3.30 | +0.07 |
| Martin ratioReturn relative to average drawdown | 15.17 | 6.67 | +8.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XEMD | OILK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | 1.99 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.40 | 0.11 | +1.29 |
Drawdowns
XEMD vs. OILK - Drawdown Comparison
The maximum XEMD drawdown since its inception was -10.01%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for XEMD and OILK.
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Drawdown Indicators
| XEMD | OILK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.01% | -83.76% | +73.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -17.35% | +13.83% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -23.42% | +19.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.69% | — |
Current DrawdownCurrent decline from peak | -0.19% | -5.49% | +5.30% |
Average DrawdownAverage peak-to-trough decline | -1.26% | -32.60% | +31.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 8.57% | -7.79% |
Volatility
XEMD vs. OILK - Volatility Comparison
The current volatility for BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) is 1.36%, while ProShares K-1 Free Crude Oil Strategy ETF (OILK) has a volatility of 10.52%. This indicates that XEMD experiences smaller price fluctuations and is considered to be less risky than OILK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEMD | OILK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 10.52% | -9.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.70% | 23.32% | -19.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 28.82% | -24.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.88% | 30.13% | -23.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.88% | 35.97% | -29.09% |
XEMD vs. OILK - Expense Ratio Comparison
XEMD has a 0.29% expense ratio, which is lower than OILK's 0.68% expense ratio.
Dividends
XEMD vs. OILK - Dividend Comparison
XEMD's dividend yield for the trailing twelve months is around 5.81%, less than OILK's 8.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
OILK ProShares K-1 Free Crude Oil Strategy ETF | 8.34% | 4.79% | 3.11% | 5.80% | 17.32% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% |
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 OILK have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILK has higher volatility (10.52%) compared to XEMD (1.36%). In terms of maximum drawdown, XEMD dropped -10.01% vs OILK's -83.76%.
On 3-year performance, OILK leads with 18.39% vs 11.18% for XEMD. On fees, XEMD is cheaper at 0.29% per year. On volatility, XEMD has been the lower-risk option at 1.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OILK has performed better with a 18.39% return vs 11.18%. 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 0.68% for OILK.
OILK has the higher dividend yield at 8.34%, compared with 5.81% for XEMD.
XEMD is categorized as Emerging Markets Bonds, while OILK is Oil & Gas. XEMD tracks JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index - Benchmark TR Gross, while OILK tracks Bloomberg Commodity Balanced WTI Crude Oil Index. They also come from different issuers: BondBloxx and ProShares. Their fees differ too: 0.29% for XEMD and 0.68% for OILK.
XEMD currently has the higher Sharpe Ratio (2.55 vs 1.99), 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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