XEMD vs. XEM-USD
XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) is Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index - Benchmark TR Gross, while XEM-USD (NEM) is a cryptocurrency. Over the past 3 years, XEMD returned 10.14%/yr vs -75.12%/yr for XEM-USD. Their 0.11 correlation means their historical movements had little consistent relationship.
Performance
XEMD vs. XEM-USD - Performance Comparison
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Returns By Period
In the year-to-date period, XEMD achieves a 2.49% return, which is significantly higher than XEM-USD's -61.19% return.
XEMD
- 1D
- 0.02%
- 1M
- -0.82%
- 6M
- 1.43%
- YTD
- 2.49%
- 1Y
- 8.65%
- 3Y*
- 10.14%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.24%
XEM-USD
- 1D
- 0.62%
- 1M
- 9.44%
- 6M
- -44.29%
- YTD
- -61.19%
- 1Y
- -80.73%
- 3Y*
- -75.12%
- 5Y*
- -69.03%
- 10Y*
- —
- ALL TIME*
- -47.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
XEM-USD NEM | $143.42 | $158.94 | $266.74 |
| $5.44M | $11.46M | $8.01M |
XEMD vs. XEM-USD - 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% |
XEM-USD NEM | -61.19% | -95.00% | -39.05% | 36.89% | -27.38% |
Correlation
The correlation between XEMD and XEM-USD is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.11 |
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Return for Risk
XEMD vs. XEM-USD — Risk / Return Rank
XEMD
XEM-USD
XEMD vs. XEM-USD - 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 NEM (XEM-USD). 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 | XEM-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.49 | ||
| Sortino ratioReturn per unit of downside risk | +4.15 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.86 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | -0.94 | +3.47 |
| Martin ratioReturn relative to average drawdown | 10.95 | -1.25 | +12.21 |
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Drawdowns
XEMD vs. XEM-USD - Drawdown Comparison
The maximum XEMD drawdown since its inception was -10.01%, smaller than the maximum XEM-USD drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for XEMD and XEM-USD.
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Drawdown Indicators
| XEMD | XEM-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.01% | -99.98% | +89.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -85.86% | +82.34% |
Max Drawdown (3Y)Largest decline over 3 years | -4.23% | -99.34% | +95.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.83% | — |
Current DrawdownCurrent decline from peak | -0.96% | -99.97% | +99.01% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -90.23% | +89.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 51.97% | -51.16% |
Volatility
XEMD vs. XEM-USD - Volatility Comparison
The current volatility for BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) is 0.96%, while NEM (XEM-USD) has a volatility of 82.96%. This indicates that XEMD experiences smaller price fluctuations and is considered to be less risky than XEM-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEMD | XEM-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 82.96% | -82.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 94.02% | -90.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.74% | 111.00% | -106.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 95.97% | -89.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.80% | 107.12% | -100.32% |
Frequently Asked Questions
XEMD and XEM-USD have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XEM-USD has higher volatility (82.96%) compared to XEMD (0.96%). In terms of maximum drawdown, XEMD dropped -10.01% vs XEM-USD's -99.98%.
XEMD currently has the higher Sharpe Ratio (1.88 vs -0.60), 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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