BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) — Stock Correlations & Overview
Over the past year, XEMD has moved most closely with EMB, EMHC, EMHY. Explore the stocks most correlated and inversely correlated with XEMD below, along with its price, financials, and company profile.
Stocks correlated with XEMD
Correlation of daily returns. Higher positive values move with XEMD; negative values move opposite it. Informational only, not investment advice.
Most correlated with XEMD
| Symbol | Company | Correlation |
|---|---|---|
| EMB | iShares J.P. Morgan USD Emerging Markets Bond ETF | 0.91 |
| EMHC | State Street SPDR Bloomberg Emerging Markets USD Bond ETF | 0.90 |
| EMHY | iShares J.P. Morgan EM High Yield Bond ETF | 0.90 |
| VWOB | Vanguard Emerging Markets Government Bond ETF | 0.90 |
| GEMD | Goldman Sachs Access Emerging Markets USD Bond ETF | 0.89 |
Frequently asked questions about XEMD correlations
- Which stocks are most correlated with XEMD?
- Based on one year of daily returns, the stocks most correlated with BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) are EMB (0.91), EMHC (0.90) and EMHY (0.90). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with XEMD?
- Over the past year, the stocks most inversely correlated with BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) are SJB (-0.68), EFZ (-0.67) and EPV (-0.66). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these XEMD correlations calculated?
- We compute the correlation of daily returns between XEMD and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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