BBBI vs. XTWO
BBBI (BondBloxx BBB Rated 5-10 Year Corporate Bond ETF) and XTWO (BondBloxx Bloomberg Two Year Target Duration US Treasury ETF) are both exchange-traded funds - BBBI is a Corporate Bonds fund tracking the Bloomberg U.S. Corporate BBB 5-10 Year Index, while XTWO is a Government Bonds fund tracking the Bloomberg US Treasury 2 Year Target Duration Index. Both are passively managed. Over the past year, BBBI returned 6.02% vs 3.30% for XTWO. A 0.75 correlation means they provide meaningful diversification when combined. BBBI charges 0.19%/yr vs 0.05%/yr for XTWO.
Performance
BBBI vs. XTWO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BBBI having a 0.46% return and XTWO slightly higher at 0.48%.
BBBI
- 1D
- 0.08%
- 1M
- 0.30%
- YTD
- 0.46%
- 6M
- 0.63%
- 1Y
- 6.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTWO
- 1D
- 0.06%
- 1M
- 0.12%
- YTD
- 0.48%
- 6M
- 0.85%
- 1Y
- 3.30%
- 3Y*
- 4.12%
- 5Y*
- —
- 10Y*
- —
BBBI vs. XTWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BBBI BondBloxx BBB Rated 5-10 Year Corporate Bond ETF | 0.46% | 9.28% | 4.37% |
XTWO BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 0.48% | 5.17% | 3.81% |
Correlation
The correlation between BBBI and XTWO is 0.78, 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 | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024 | 0.75 |
The correlation between BBBI and XTWO has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
BBBI vs. XTWO — Risk / Return Rank
BBBI
XTWO
BBBI vs. XTWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) and BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO). 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.
| BBBI | XTWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.50 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 3.64 | -1.59 |
| Martin ratioReturn relative to average drawdown | 7.02 | 13.10 | -6.08 |
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
| BBBI | XTWO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 2.44 | -0.91 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 1.75 | -0.55 |
Drawdowns
BBBI vs. XTWO - Drawdown Comparison
The maximum BBBI drawdown since its inception was -4.11%, which is greater than XTWO's maximum drawdown of -1.73%. Use the drawdown chart below to compare losses from any high point for BBBI and XTWO.
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Drawdown Indicators
| BBBI | XTWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.11% | -1.73% | -2.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -0.91% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.18% | — |
Current DrawdownCurrent decline from peak | -1.06% | -0.31% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -0.40% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.25% | +0.61% |
Volatility
BBBI vs. XTWO - Volatility Comparison
BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) has a higher volatility of 1.32% compared to BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO) at 0.37%. This indicates that BBBI's price experiences larger fluctuations and is considered to be riskier than XTWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBBI | XTWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 0.37% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 0.95% | +2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 1.37% | +2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.01% | 2.16% | +2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 2.16% | +2.85% |
BBBI vs. XTWO - Expense Ratio Comparison
BBBI has a 0.19% expense ratio, which is higher than XTWO's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BBBI vs. XTWO - Dividend Comparison
BBBI's dividend yield for the trailing twelve months is around 4.79%, more than XTWO's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BBBI BondBloxx BBB Rated 5-10 Year Corporate Bond ETF | 4.79% | 4.90% | 4.61% | 0.00% | 0.00% |
XTWO BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 4.05% | 4.24% | 4.54% | 4.07% | 1.13% |
Frequently Asked Questions
BBBI and XTWO have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBBI has higher volatility (1.32%) compared to XTWO (0.37%). In terms of maximum drawdown, BBBI dropped -4.11% vs XTWO's -1.73%.
On 1-year performance, BBBI leads with 6.02% vs 3.30% for XTWO. On fees, XTWO is cheaper at 0.05% per year. On volatility, XTWO has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BBBI has performed better with a 6.02% return vs 3.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTWO is cheaper with a 0.05% expense ratio, compared with 0.19% for BBBI.
BBBI has the higher dividend yield at 4.79%, compared with 4.05% for XTWO.
BBBI is categorized as Corporate Bonds, while XTWO is Government Bonds. BBBI tracks Bloomberg U.S. Corporate BBB 5-10 Year Index, while XTWO tracks Bloomberg US Treasury 2 Year Target Duration Index. Their fees differ too: 0.19% for BBBI and 0.05% for XTWO.
XTWO currently has the higher Sharpe Ratio (2.44 vs 1.53), 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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