XFIV vs. XEMD
XFIV (BondBloxx Bloomberg Five Year Target Duration US Treasury ETF) and XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) are both exchange-traded funds - XFIV is a Government Bonds fund tracking the Bloomberg US Treasury 5 Year Target Duration Index, while XEMD is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, XFIV returned 3.51%/yr vs 11.23%/yr for XEMD. A 0.60 correlation means they provide meaningful diversification when combined. XFIV charges 0.05%/yr vs 0.29%/yr for XEMD.
Performance
XFIV vs. XEMD - Performance Comparison
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Returns By Period
In the year-to-date period, XFIV achieves a -0.47% return, which is significantly lower than XEMD's 2.75% return.
XFIV
- 1D
- -0.18%
- 1M
- -0.16%
- YTD
- -0.47%
- 6M
- -0.68%
- 1Y
- 3.51%
- 3Y*
- 3.51%
- 5Y*
- —
- 10Y*
- —
XEMD
- 1D
- -0.37%
- 1M
- 1.21%
- YTD
- 2.75%
- 6M
- 3.27%
- 1Y
- 11.88%
- 3Y*
- 11.23%
- 5Y*
- —
- 10Y*
- —
XFIV vs. XEMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XFIV BondBloxx Bloomberg Five Year Target Duration US Treasury ETF | -0.47% | 7.43% | 1.52% | 4.40% | -0.56% |
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2.75% | 13.98% | 8.77% | 10.26% | 1.30% |
Correlation
The correlation between XFIV and XEMD is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022 | 0.60 |
The correlation between XFIV and XEMD has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
XFIV vs. XEMD — Risk / Return Rank
XFIV
XEMD
XFIV vs. XEMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (XFIV) and BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD). 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.
| XFIV | XEMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.51 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.39 | -2.18 |
| Martin ratioReturn relative to average drawdown | 3.61 | 15.27 | -11.66 |
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
| XFIV | XEMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 2.57 | -1.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.39 | -0.79 |
Drawdowns
XFIV vs. XEMD - Drawdown Comparison
The maximum XFIV drawdown since its inception was -6.38%, smaller than the maximum XEMD drawdown of -10.01%. Use the drawdown chart below to compare losses from any high point for XFIV and XEMD.
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Drawdown Indicators
| XFIV | XEMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.38% | -10.01% | +3.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -3.52% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | -4.31% | -0.16% |
Current DrawdownCurrent decline from peak | -2.15% | -0.37% | -1.78% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -1.26% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.78% | +0.19% |
Volatility
XFIV vs. XEMD - Volatility Comparison
The current volatility for BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (XFIV) is 1.09%, while BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) has a volatility of 1.43%. This indicates that XFIV experiences smaller price fluctuations and is considered to be less risky than XEMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XFIV | XEMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.43% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.41% | 3.70% | -1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 4.66% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.42% | 6.88% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 6.88% | -1.46% |
XFIV vs. XEMD - Expense Ratio Comparison
XFIV has a 0.05% expense ratio, which is lower than XEMD's 0.29% expense ratio.
Dividends
XFIV vs. XEMD - Dividend Comparison
XFIV's dividend yield for the trailing twelve months is around 3.82%, less than XEMD's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 5.82% | 6.15% | 6.30% | 6.19% | 3.08% |
XFIV BondBloxx Bloomberg Five Year Target Duration US Treasury ETF | 3.82% | 4.05% | 3.92% | 3.63% | 1.06% |
Frequently Asked Questions
XFIV and XEMD have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XEMD has higher volatility (1.43%) compared to XFIV (1.09%). In terms of maximum drawdown, XFIV dropped -6.38% vs XEMD's -10.01%.
On 3-year performance, XEMD leads with 11.23% vs 3.51% for XFIV. On fees, XFIV is cheaper at 0.05% per year. On volatility, XFIV has been the lower-risk option at 1.09%. 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 11.23% return vs 3.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XFIV is cheaper with a 0.05% expense ratio, compared with 0.29% for XEMD.
XEMD has the higher dividend yield at 5.82%, compared with 3.82% for XFIV.
XFIV is categorized as Government Bonds, while XEMD is Emerging Markets Bonds. XFIV tracks Bloomberg US Treasury 5 Year Target Duration Index, while XEMD tracks JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index - Benchmark TR Gross. Their fees differ too: 0.05% for XFIV and 0.29% for XEMD.
XEMD currently has the higher Sharpe Ratio (2.57 vs 1.01), 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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