XEMD vs. STIP
XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) and STIP (iShares 0-5 Year TIPS Bond 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 STIP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). Both are passively managed. Over the past 3 years, XEMD returned 11.00%/yr vs 4.99%/yr for STIP. At a 0.50 correlation, their price movements are largely independent. XEMD charges 0.29%/yr vs 0.06%/yr for STIP.
Performance
XEMD vs. STIP - Performance Comparison
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Returns By Period
In the year-to-date period, XEMD achieves a 3.04% return, which is significantly higher than STIP's 1.33% return.
XEMD
- 1D
- -0.35%
- 1M
- 1.03%
- YTD
- 3.04%
- 6M
- 3.23%
- 1Y
- 11.70%
- 3Y*
- 11.00%
- 5Y*
- —
- 10Y*
- —
STIP
- 1D
- -0.22%
- 1M
- -0.30%
- YTD
- 1.33%
- 6M
- 1.45%
- 1Y
- 3.64%
- 3Y*
- 4.99%
- 5Y*
- 3.26%
- 10Y*
- 3.07%
XEMD vs. STIP - 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% |
STIP iShares 0-5 Year TIPS Bond ETF | 1.33% | 6.03% | 4.77% | 4.63% | -1.55% |
Correlation
The correlation between XEMD and STIP is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.50 |
Over the past year, the correlation between XEMD and STIP has dropped to 0.23 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
XEMD vs. STIP — Risk / Return Rank
XEMD
STIP
XEMD vs. STIP - 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 iShares 0-5 Year TIPS Bond ETF (STIP). 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 | STIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.49 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 5.04 | -1.70 |
| Martin ratioReturn relative to average drawdown | 14.92 | 19.01 | -4.09 |
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Drawdowns
XEMD vs. STIP - Drawdown Comparison
The maximum XEMD drawdown since its inception was -10.01%, which is greater than STIP's maximum drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for XEMD and STIP.
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Drawdown Indicators
| XEMD | STIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.01% | -5.50% | -4.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -0.73% | -2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -0.95% | -3.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.50% | — |
Current DrawdownCurrent decline from peak | -0.42% | -0.73% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -0.99% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.19% | +0.60% |
Volatility
XEMD vs. STIP - Volatility Comparison
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) has a higher volatility of 1.48% compared to iShares 0-5 Year TIPS Bond ETF (STIP) at 0.65%. This indicates that XEMD's price experiences larger fluctuations and is considered to be riskier than STIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEMD | STIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 0.65% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 3.87% | 1.14% | +2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.80% | 1.54% | +3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.88% | 2.74% | +4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.88% | 2.46% | +4.42% |
XEMD vs. STIP - Expense Ratio Comparison
XEMD has a 0.29% expense ratio, which is higher than STIP's 0.06% expense ratio.
Dividends
XEMD vs. STIP - Dividend Comparison
XEMD's dividend yield for the trailing twelve months is around 5.81%, more than STIP's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
STIP iShares 0-5 Year TIPS Bond ETF | 4.33% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% |
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% | 0.00% |
Frequently Asked Questions
XEMD and STIP have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XEMD has higher volatility (1.48%) compared to STIP (0.65%). In terms of maximum drawdown, XEMD dropped -10.01% vs STIP's -5.50%.
On 3-year performance, XEMD leads with 11.00% vs 4.99% for STIP. On fees, STIP is cheaper at 0.06% per year. On volatility, STIP has been the lower-risk option at 0.65%. 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 11.00% return vs 4.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STIP is cheaper with a 0.06% expense ratio, compared with 0.29% for XEMD.
XEMD has the higher dividend yield at 5.81%, compared with 4.33% for STIP.
XEMD is categorized as Emerging Markets Bonds, while STIP is Inflation-Protected Bonds. XEMD tracks JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index - Benchmark TR Gross, while STIP tracks Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.29% for XEMD and 0.06% for STIP.
XEMD currently has the higher Sharpe Ratio (2.45 vs 2.38), 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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