XEMD vs. XEM-USD

Last updated Apr 2, 2026

Compare and contrast key facts about BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) and NEM (XEM-USD).

XEMD is a passively managed fund by BondBloxx that tracks the performance of the JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index - Benchmark TR Gross. It was launched on Jun 28, 2022.

Performance

XEMD vs. XEM-USD - 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 NEM (XEM-USD). The values are adjusted to include any dividend payments, if applicable.

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	-0.24%	13.98%	8.77%	10.26%	1.82%
XEM-USD NEM	-44.65%	-95.00%	-39.05%	36.89%	-25.70%

Returns By Period

In the year-to-date period, XEMD achieves a -0.24% return, which is significantly higher than XEM-USD's -44.65% return.

XEMD

• 1D: 0.27%
• 1M: -2.11%
• YTD: -0.24%
• 6M: 3.46%
• 1Y: 10.90%
• 3Y*: 10.20%
• 5Y*: —
• 10Y*: —

XEM-USD

• 1D: 2.59%
• 1M: -10.75%
• YTD: -44.65%
• 6M: -61.16%
• 1Y: -95.86%
• 3Y*: -74.51%
• 5Y*: -71.66%
• 10Y*: —

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

Return for Risk

XEMD vs. XEM-USD — Risk / Return Rank

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

XEMD

XEMD Risk / Return Rank: 90
XEMD Sharpe Ratio Rank: 87
XEMD Sortino Ratio Rank: 90
XEMD Omega Ratio Rank: 91
XEMD Calmar Ratio Rank: 90
XEMD Martin Ratio Rank: 91

XEM-USD

XEM-USD Risk / Return Rank: 27
XEM-USD Sharpe Ratio Rank: 39
XEM-USD Sortino Ratio Rank: 6
XEM-USD Omega Ratio Rank: 5
XEM-USD Calmar Ratio Rank: 24
XEM-USD Martin Ratio Rank: 60

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. 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.

	XEMD	XEM-USD	Difference
Sharpe ratio Return per unit of total volatility	1.88	-0.63	+2.52
Sortino ratio Return per unit of downside risk	2.65	-1.89	+4.54
Omega ratio Gain probability vs. loss probability	1.40	0.79	+0.61
Calmar ratio Return relative to maximum drawdown	3.17	-1.12	+4.29
Martin ratio Return relative to average drawdown	13.31	-1.52	+14.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XEMD vs. XEM-USD - Sharpe Ratio Comparison

The current XEMD Sharpe Ratio is 1.88, which is higher than the XEM-USD Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of XEMD and XEM-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XEMD	XEM-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	-0.63	+2.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	-0.37	+1.70

Correlation

The correlation between XEMD and XEM-USD is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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 -99.96%. Use the drawdown chart below to compare losses from any high point for XEMD and XEM-USD.

Drawdown Indicators

	XEMD	XEM-USD	Difference
Max Drawdown Largest peak-to-trough decline	-10.01%	-99.96%	+89.95%
Max Drawdown (1Y) Largest decline over 1 year	-3.52%	-97.36%	+93.84%
Max Drawdown (5Y) Largest decline over 5 years	—	-99.87%	—
Current Drawdown Current decline from peak	-2.46%	-99.96%	+97.50%
Average Drawdown Average peak-to-trough decline	-1.29%	-89.88%	+88.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	59.66%	-58.82%

Volatility

XEMD vs. XEM-USD - Volatility Comparison

The current volatility for BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) is 2.45%, while NEM (XEM-USD) has a volatility of 23.60%. 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.

Volatility by Period

	XEMD	XEM-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.45%	23.60%	-21.15%
Volatility (6M) Calculated over the trailing 6-month period	3.39%	62.92%	-59.53%
Volatility (1Y) Calculated over the trailing 1-year period	5.81%	126.16%	-120.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.94%	92.78%	-85.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.94%	104.58%	-97.64%