XHYF vs. XEMD
XHYF (BondBloxx US High Yield Financial & REIT Sector ETF) and XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) are both exchange-traded funds - XHYF is a High Yield Bonds fund tracking the ICE Diversified US Cash Pay High Yield Financial & REIT, 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, XHYF returned 9.29%/yr vs 11.18%/yr for XEMD. A 0.66 correlation means they provide meaningful diversification when combined. XHYF charges 0.35%/yr vs 0.29%/yr for XEMD.
Performance
XHYF vs. XEMD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XHYF achieves a -0.10% return, which is significantly lower than XEMD's 2.94% return.
XHYF
- 1D
- 0.00%
- 1M
- -0.35%
- YTD
- -0.10%
- 6M
- 0.51%
- 1Y
- 4.79%
- 3Y*
- 9.29%
- 5Y*
- —
- 10Y*
- —
XEMD
- 1D
- 0.18%
- 1M
- 0.89%
- YTD
- 2.94%
- 6M
- 3.52%
- 1Y
- 11.81%
- 3Y*
- 11.18%
- 5Y*
- —
- 10Y*
- —
XHYF vs. XEMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XHYF BondBloxx US High Yield Financial & REIT Sector ETF | -0.10% | 8.69% | 8.65% | 13.29% | 3.63% |
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2.94% | 13.98% | 8.77% | 10.26% | 1.82% |
Correlation
The correlation between XHYF and XEMD is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.66 |
The correlation between XHYF and XEMD shifts across timeframes, from 0.46 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XHYF vs. XEMD — Risk / Return Rank
XHYF
XEMD
XHYF vs. XEMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Financial & REIT Sector ETF (XHYF) 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.
| XHYF | XEMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.51 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 3.37 | -1.66 |
| Martin ratioReturn relative to average drawdown | 7.44 | 15.17 | -7.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XHYF | XEMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.55 | -0.98 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 1.40 | -0.67 |
Drawdowns
XHYF vs. XEMD - Drawdown Comparison
The maximum XHYF drawdown since its inception was -12.92%, which is greater than XEMD's maximum drawdown of -10.01%. Use the drawdown chart below to compare losses from any high point for XHYF and XEMD.
Loading charts...
Drawdown Indicators
| XHYF | XEMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.92% | -10.01% | -2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -3.52% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -4.31% | +0.12% |
Current DrawdownCurrent decline from peak | -0.61% | -0.19% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -1.26% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.78% | -0.04% |
Volatility
XHYF vs. XEMD - Volatility Comparison
The current volatility for BondBloxx US High Yield Financial & REIT Sector ETF (XHYF) is 0.94%, while BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) has a volatility of 1.36%. This indicates that XHYF 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.
Loading charts...
Volatility by Period
| XHYF | XEMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 1.36% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 3.70% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 4.65% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.14% | 6.88% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.14% | 6.88% | +0.26% |
XHYF vs. XEMD - Expense Ratio Comparison
XHYF has a 0.35% expense ratio, which is higher than XEMD's 0.29% expense ratio.
Dividends
XHYF vs. XEMD - Dividend Comparison
XHYF's dividend yield for the trailing twelve months is around 6.27%, more than XEMD's 5.81% 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% |
XHYF BondBloxx US High Yield Financial & REIT Sector ETF | 6.27% | 6.73% | 7.11% | 7.00% | 5.47% |
Frequently Asked Questions
XHYF and XEMD have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XEMD has higher volatility (1.36%) compared to XHYF (0.94%). In terms of maximum drawdown, XHYF dropped -12.92% vs XEMD's -10.01%.
On 3-year performance, XEMD leads with 11.18% vs 9.29% for XHYF. On fees, XEMD is cheaper at 0.29% per year. On volatility, XHYF has been the lower-risk option at 0.94%. 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 9.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XEMD is cheaper with a 0.29% expense ratio, compared with 0.35% for XHYF.
XHYF has the higher dividend yield at 6.27%, compared with 5.81% for XEMD.
XHYF is categorized as High Yield Bonds, while XEMD is Emerging Markets Bonds. XHYF tracks ICE Diversified US Cash Pay High Yield Financial & REIT, while XEMD tracks JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index - Benchmark TR Gross. Their fees differ too: 0.35% for XHYF and 0.29% for XEMD.
XEMD currently has the higher Sharpe Ratio (2.55 vs 1.57), 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.
Find the right allocation for XHYF and XEMD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer