JP Morgan USD Emerging Markets 1-10 Years… (XEMD) Performance
XEMD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.0% since Dec 31, 2025
- 1 year
- +3.6% total return
- 3 years
- +10.8% a year
- Since first price
- +8.2% a year since 2022
XEMD trailing returns vs AGG, TLT, SPY
| Period | XEMD total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −0.3% | −0.8% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.1% | −2.5% | −0.4% | −1.0% | +3.2% |
| 6 months | −0.9% | −3.6% | −1.5% | −3.8% | +7.8% |
| YTD | +1.0% | −3.1% | −1.0% | −3.4% | +12.3% |
| 1 year | +3.6% | −2.2% | −1.1% | −6.9% | +14.4% |
| 3 years | +35.9%+10.8%/yr | +13.0% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionJun 30, 2022 | +40.6%+8.2%/yr | +8.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: XEMD vs AGG
From Jun 30, 2022: XEMD grew to $14,058, AGG to $11,001.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
XEMD returns by calendar year
3 of 3 full years positive. Best 2025 (+14.0%), worst 2024 (+8.8%). 2026 is year to date.
XEMD annual returns table
| Year | XEMD | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +1.0% | −3.7% | −1.0% | −3.4% | +12.3% |
| 2025 | +14.0% | −4.2% | +7.2% | +4.3% | +17.7% |
| 2024 | +8.8% | −2.6% | +1.3% | −8.1% | +24.9% |
| 2023 | +10.3% | −4.3% | +5.7% | +2.8% | +26.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
XEMD largest drawdowns
Now 2.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 12, 2022 | −10.0% | Oct 20, 2022 | Jan 18, 2023 | 2 months | 5 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
XEMD risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +10.0% | +8.1% |
| Volatility (annualized) | 5.2% | 6.7% |
| Sharpe ratio | 1.04 | 0.57 |
| Sortino ratio | 1.70 | 0.93 |
| Best month | +4.1% | +7.3% |
| Worst month | −2.9% | −5.0% |
| Best 12 months | +17.5% | +17.5% |
| Worst 12 months | +4.0% | +4.0% |
| Positive months | 72% | 67% |
| Beta vs S&P 500 | 0.30 | — |
| Correlation with S&P 500 | 0.72 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
XEMD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 41 | +2.6% | +10.4% | +17.5% | 100% |
| 3-year (a year) | 17 | +8.7% | +10.4% | +12.7% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
XEMD performance overview
JP Morgan USD Emerging Markets 1-10 Years… (XEMD) returned +3.6% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +8.2% a year, turning $10,000 into about $14,058. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −10.0%, from Aug 12, 2022 to Oct 20, 2022, and it took 3 months to get back to the old high. XEMD finished 3 of its 3 full calendar years with a gain; the best year was 2025 (+14.0%) and the worst 2024 (+8.8%). Volatility has been 6.7% a year.
Related: XEMD chart, XEMD holdings, XEMD dividends, XEMD bond profile. See the XEMD overview for the latest quote and fund facts.
XEMD performance FAQ
What is the XEMD return over the past year?
XEMD returned +3.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 2.2%.
How much would $10,000 invested in XEMD be worth?
$10,000 invested in XEMD at its first recorded close on June 30, 2022 would be worth about $14,058 on October 23, 2026 with distributions reinvested.
What was the worst year for XEMD?
The worst calendar year was 2024, with a total return of +8.8%. The best was 2025 at +14.0%.
What is the biggest drawdown of XEMD?
The largest peak-to-trough decline was −10.0% between August 12, 2022 and October 20, 2022. It recovered to the old high on January 18, 2023, 3 months after the bottom.
How volatile is XEMD?
Over the past 3 years XEMD had an annualized volatility of 5.2% and a Sharpe ratio of 1.04 (excess return over 1–3 month T-bills per unit of risk).