XEMD vs. XTEN
XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) and XTEN (BondBloxx Bloomberg Ten Year Target Duration US Treasury 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 XTEN is a Government Bonds fund tracking the Bloomberg US Treasury 10 Year Target Duration Index. Both are passively managed. Over the past 3 years, XEMD returned 11.18%/yr vs 1.80%/yr for XTEN. A 0.62 correlation means they provide meaningful diversification when combined. XEMD charges 0.29%/yr vs 0.07%/yr for XTEN.
Performance
XEMD vs. XTEN - Performance Comparison
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Returns By Period
In the year-to-date period, XEMD achieves a 2.94% return, which is significantly higher than XTEN's -0.36% return.
XEMD
- 1D
- 0.18%
- 1M
- 0.89%
- YTD
- 2.94%
- 6M
- 3.52%
- 1Y
- 11.81%
- 3Y*
- 11.18%
- 5Y*
- —
- 10Y*
- —
XTEN
- 1D
- 0.18%
- 1M
- 0.14%
- YTD
- -0.36%
- 6M
- -0.69%
- 1Y
- 3.84%
- 3Y*
- 1.80%
- 5Y*
- —
- 10Y*
- —
XEMD vs. XTEN - 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% | 1.30% |
XTEN BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF | -0.36% | 7.37% | -2.15% | 4.00% | -2.94% |
Correlation
The correlation between XEMD and XTEN is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022 | 0.62 |
The correlation between XEMD and XTEN has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.
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Return for Risk
XEMD vs. XTEN — Risk / Return Rank
XEMD
XTEN
XEMD vs. XTEN - 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 BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN). 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 | XTEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.94 | ||
| Sortino ratioReturn per unit of downside risk | +2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.11 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 0.71 | +2.66 |
| Martin ratioReturn relative to average drawdown | 15.17 | 2.06 | +13.11 |
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 | XTEN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | 0.61 | +1.94 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.40 | 0.16 | +1.24 |
Drawdowns
XEMD vs. XTEN - Drawdown Comparison
The maximum XEMD drawdown since its inception was -10.01%, smaller than the maximum XTEN drawdown of -13.86%. Use the drawdown chart below to compare losses from any high point for XEMD and XTEN.
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Drawdown Indicators
| XEMD | XTEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.01% | -13.86% | +3.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -5.42% | +1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -11.15% | +6.84% |
Current DrawdownCurrent decline from peak | -0.19% | -3.34% | +3.15% |
Average DrawdownAverage peak-to-trough decline | -1.26% | -4.03% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 1.87% | -1.09% |
Volatility
XEMD vs. XTEN - Volatility Comparison
The current volatility for BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) is 1.36%, while BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) has a volatility of 2.04%. This indicates that XEMD experiences smaller price fluctuations and is considered to be less risky than XTEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEMD | XTEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 2.04% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 3.70% | 4.42% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 6.41% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.88% | 9.56% | -2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.88% | 9.56% | -2.68% |
XEMD vs. XTEN - Expense Ratio Comparison
XEMD has a 0.29% expense ratio, which is higher than XTEN's 0.08% expense ratio.
Dividends
XEMD vs. XTEN - Dividend Comparison
XEMD's dividend yield for the trailing twelve months is around 5.81%, more than XTEN's 4.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 5.81% | 6.15% | 6.30% | 6.19% | 3.08% |
XTEN BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF | 4.39% | 4.05% | 4.21% | 3.71% | 1.04% |
Frequently Asked Questions
XEMD and XTEN have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XTEN has higher volatility (2.04%) compared to XEMD (1.36%). In terms of maximum drawdown, XEMD dropped -10.01% vs XTEN's -13.86%.
On 3-year performance, XEMD leads with 11.18% vs 1.80% for XTEN. On fees, XTEN is cheaper at 0.07% 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, XEMD has performed better with a 11.18% return vs 1.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTEN is cheaper with a 0.07% expense ratio, compared with 0.29% for XEMD.
XEMD has the higher dividend yield at 5.81%, compared with 4.39% for XTEN.
XEMD is categorized as Emerging Markets Bonds, while XTEN is Government Bonds. XEMD tracks JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index - Benchmark TR Gross, while XTEN tracks Bloomberg US Treasury 10 Year Target Duration Index. Their fees differ too: 0.29% for XEMD and 0.07% for XTEN.
XEMD currently has the higher Sharpe Ratio (2.55 vs 0.61), 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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