XONE vs. XEMD

Last updated Jun 5, 2026

XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) and XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) are both exchange-traded funds - XONE is a Government Bonds fund tracking the Bloomberg US Treasury 1 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, XONE returned 4.55%/yr vs 11.18%/yr for XEMD. At a 0.37 correlation, their price movements are largely independent. XONE charges 0.03%/yr vs 0.29%/yr for XEMD.

Performance

XONE vs. XEMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) and BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XONE achieves a 1.16% return, which is significantly lower than XEMD's 2.94% return.

XONE

• 1D: 0.04%
• 1M: 0.23%
• YTD: 1.16%
• 6M: 1.52%
• 1Y: 3.81%
• 3Y*: 4.55%
• 5Y*: —
• 10Y*: —

XEMD

• 1D: 0.18%
• 1M: 0.89%
• YTD: 2.94%
• 6M: 3.52%
• 1Y: 11.81%
• 3Y*: 11.18%
• 5Y*: —
• 10Y*: —

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

XONE vs. XEMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF	1.16%	4.41%	4.83%	4.74%	0.60%
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF	2.94%	13.98%	8.77%	10.26%	1.30%

Correlation

The correlation between XONE and XEMD is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022	0.37

Return for Risk

XONE vs. XEMD — Risk / Return Rank

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

XONE

XONE Risk / Return Rank: 99
XONE Sharpe Ratio Rank: 99
XONE Sortino Ratio Rank: 99
XONE Omega Ratio Rank: 99
XONE Calmar Ratio Rank: 99
XONE Martin Ratio Rank: 99

XEMD

XEMD Risk / Return Rank: 80
XEMD Sharpe Ratio Rank: 80
XEMD Sortino Ratio Rank: 86
XEMD Omega Ratio Rank: 85
XEMD Calmar Ratio Rank: 69
XEMD Martin Ratio Rank: 79

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.

XONE vs. XEMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) 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.

	XONE	XEMD	Difference
Sharpe ratio: Return per unit of total volatility	7.03	2.55	+4.48
Sortino ratio: Return per unit of downside risk	16.77	3.86	+12.92
Omega ratio: Gain probability vs. loss probability	3.55	1.51	+2.04
Calmar ratio: Return relative to maximum drawdown	23.89	3.37	+20.53
Martin ratio: Return relative to average drawdown	138.39	15.17	+123.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XONE vs. XEMD - Sharpe Ratio Comparison

The current XONE Sharpe Ratio is 7.03, which is higher than the XEMD Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of XONE and XEMD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XONE	XEMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.03	2.55	+4.48
Sharpe Ratio (All Time) Calculated using the full available price history	4.97	1.40	+3.57

Drawdowns

XONE vs. XEMD - Drawdown Comparison

The maximum XONE drawdown since its inception was -0.40%, smaller than the maximum XEMD drawdown of -10.01%. Use the drawdown chart below to compare losses from any high point for XONE and XEMD.

Drawdown Indicators

	XONE	XEMD	Difference
Max Drawdown Largest peak-to-trough decline	-0.40%	-10.01%	+9.61%
Max Drawdown (1Y) Largest decline over 1 year	-0.16%	-3.52%	+3.36%
Max Drawdown (3Y) Largest decline over 3 years	-0.28%	-4.31%	+4.03%
Current Drawdown Current decline from peak	0.00%	-0.19%	+0.19%
Average Drawdown Average peak-to-trough decline	-0.04%	-1.26%	+1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	0.78%	-0.75%

Volatility

XONE vs. XEMD - Volatility Comparison

The current volatility for BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) is 0.09%, while BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) has a volatility of 1.36%. This indicates that XONE 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.

Volatility by Period

	XONE	XEMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.09%	1.36%	-1.27%
Volatility (6M) Calculated over the trailing 6-month period	0.34%	3.70%	-3.36%
Volatility (1Y) Calculated over the trailing 1-year period	0.55%	4.65%	-4.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.86%	6.88%	-6.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.86%	6.88%	-6.02%

XONE vs. XEMD - Expense Ratio Comparison

XONE has a 0.03% expense ratio, which is lower than XEMD's 0.29% expense ratio.

Dividends

XONE vs. XEMD - Dividend Comparison

XONE's dividend yield for the trailing twelve months is around 4.06%, less 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%
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF	4.06%	4.33%	5.21%	4.46%	1.17%

Frequently Asked Questions

Can I hold both XONE and XEMD in my portfolio?

XONE and XEMD have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XONE or XEMD?

XEMD has higher volatility (1.36%) compared to XONE (0.09%). In terms of maximum drawdown, XONE dropped -0.40% vs XEMD's -10.01%.

Which ETF is better, XONE or XEMD?

On 3-year performance, XEMD leads with 11.18% vs 4.55% for XONE. On fees, XONE is cheaper at 0.03% per year. On volatility, XONE has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XONE or XEMD?

Over the 3-year period, XEMD has performed better with a 11.18% return vs 4.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XONE or XEMD?

XONE is cheaper with a 0.03% expense ratio, compared with 0.29% for XEMD.

Which ETF pays a higher dividend yield, XONE or XEMD?

XEMD has the higher dividend yield at 5.81%, compared with 4.06% for XONE.

What is the main difference between XONE and XEMD?

XONE is categorized as Government Bonds, while XEMD is Emerging Markets Bonds. XONE tracks Bloomberg US Treasury 1 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: 0.03% for XONE and 0.29% for XEMD.

Which has better risk-adjusted returns?

XONE currently has the higher Sharpe Ratio (7.03 vs 2.55), 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.