XEMD vs. SWVXX

Last updated Jul 12, 2026

XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) and SWVXX (Schwab Prime Advantage Money Fund Investor Shares) are both 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 SWVXX is a Money Market fund actively managed by Charles Schwab. XEMD is passively managed, while SWVXX is actively managed. Over the past 3 years, XEMD returned 10.88%/yr vs 4.42%/yr for SWVXX. At a correlation of -0.02, they often move in opposite directions. XEMD charges 0.29%/yr vs 0.34%/yr for SWVXX.

Performance

XEMD vs. SWVXX - 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 Schwab Prime Advantage Money Fund Investor Shares (SWVXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XEMD achieves a 3.09% return, which is significantly higher than SWVXX's 1.74% return.

XEMD

• 1D: 0.10%
• 1M: -0.07%
• 6M: 2.43%
• YTD: 3.09%
• 1Y: 10.58%
• 3Y*: 10.88%
• 5Y*: —
• 10Y*: —

SWVXX

• 1D: 0.00%
• 1M: 0.29%
• 6M: 1.74%
• YTD: 1.74%
• 1Y: 3.80%
• 3Y*: 4.42%
• 5Y*: 3.06%
• 10Y*: —

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

XEMD vs. SWVXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF	3.09%	13.98%	8.77%	10.26%	2.40%
SWVXX Schwab Prime Advantage Money Fund Investor Shares	1.74%	4.15%	5.16%	4.33%	0.00%

Correlation

The correlation between XEMD and SWVXX is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022	-0.02

Return for Risk

XEMD vs. SWVXX — Risk / Return Rank

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

XEMD

XEMD Risk / Return Rank: 83
XEMD Sharpe Ratio Rank: 85
XEMD Sortino Ratio Rank: 89
XEMD Omega Ratio Rank: 87
XEMD Calmar Ratio Rank: 72
XEMD Martin Ratio Rank: 83

SWVXX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. SWVXX - 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 Schwab Prime Advantage Money Fund Investor Shares (SWVXX). 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	SWVXX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	3.71	-1.54
Sortino ratio: Return per unit of downside risk	3.27	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	2.90	—	—
Martin ratio: Return relative to average drawdown	12.99	—	—

XEMD vs. SWVXX - Sharpe Ratio Comparison

The current XEMD Sharpe Ratio is 2.17, which is lower than the SWVXX Sharpe Ratio of 3.71. The chart below compares the historical Sharpe Ratios of XEMD and SWVXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XEMD vs. SWVXX - Drawdown Comparison

The maximum XEMD drawdown since its inception was -10.01%, which is greater than SWVXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for XEMD and SWVXX.

Drawdown Indicators

	XEMD	SWVXX	Difference
Max Drawdown Largest peak-to-trough decline	-10.01%	0.00%	-10.01%
Max Drawdown (1Y) Largest decline over 1 year	-3.52%	0.00%	-3.52%
Max Drawdown (3Y) Largest decline over 3 years	-4.31%	0.00%	-4.31%
Max Drawdown (5Y) Largest decline over 5 years	—	0.00%	—
Current Drawdown Current decline from peak	-0.38%	0.00%	-0.38%
Average Drawdown Average peak-to-trough decline	-1.24%	0.00%	-1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	0.00%	+0.79%

Volatility

XEMD vs. SWVXX - Volatility Comparison

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) has a higher volatility of 1.26% compared to Schwab Prime Advantage Money Fund Investor Shares (SWVXX) at 0.29%. This indicates that XEMD's price experiences larger fluctuations and is considered to be riskier than SWVXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XEMD	SWVXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	0.29%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	3.77%	0.75%	+3.02%
Volatility (1Y) Calculated over the trailing 1-year period	4.71%	1.09%	+3.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.84%	1.06%	+5.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.84%	1.04%	+5.80%

XEMD vs. SWVXX - Expense Ratio Comparison

XEMD has a 0.29% expense ratio, which is lower than SWVXX's 0.34% expense ratio.

Dividends

XEMD vs. SWVXX - Dividend Comparison

XEMD's dividend yield for the trailing twelve months is around 5.78%, more than SWVXX's 3.73% yield.

Position	TTM	2025	2024	2023	2022
SWVXX Schwab Prime Advantage Money Fund Investor Shares	3.73%	4.06%	5.02%	4.23%	0.00%
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF	5.78%	6.15%	6.30%	6.19%	3.08%

Frequently Asked Questions

Can I hold both XEMD and SWVXX in my portfolio?

XEMD and SWVXX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XEMD or SWVXX?

XEMD has higher volatility (1.26%) compared to SWVXX (0.29%). In terms of maximum drawdown, XEMD dropped -10.01% vs SWVXX's 0.00%.

Which has better risk-adjusted returns?

SWVXX currently has the higher Sharpe Ratio (3.71 vs 2.17), 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.