BENJ vs. XONE

Last updated Jun 5, 2026

BENJ (Horizon Landmark ETF) and XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) are both exchange-traded funds - BENJ is a Ultrashort Bond fund actively managed by Horizon, while XONE is a Government Bonds fund tracking the Bloomberg US Treasury 1 Year Target Duration Index. BENJ is actively managed, while XONE is passively managed. Over the past year, BENJ returned 3.78% vs 3.81% for XONE. At a 0.17 correlation, their price movements are largely independent. BENJ charges 0.40%/yr vs 0.03%/yr for XONE.

Performance

BENJ vs. XONE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Landmark ETF (BENJ) and BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BENJ achieves a 1.46% return, which is significantly higher than XONE's 1.16% return.

BENJ

• 1D: -0.01%
• 1M: 0.29%
• YTD: 1.46%
• 6M: 1.80%
• 1Y: 3.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XONE

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

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

BENJ vs. XONE - Yearly Performance Comparison

	2026 (YTD)	2025
BENJ Horizon Landmark ETF	1.46%	3.75%
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF	1.16%	4.21%

Correlation

The correlation between BENJ and XONE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025	0.17

Return for Risk

BENJ vs. XONE — Risk / Return Rank

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

BENJ

BENJ Risk / Return Rank: 98
BENJ Sharpe Ratio Rank: 98
BENJ Sortino Ratio Rank: 98
BENJ Omega Ratio Rank: 99
BENJ Calmar Ratio Rank: 96
BENJ Martin Ratio Rank: 97

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

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.

BENJ vs. XONE - Risk-Adjusted Trends Comparison

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

	BENJ	XONE	Difference
Sharpe ratio: Return per unit of total volatility	5.65	7.03	-1.37
Sortino ratio: Return per unit of downside risk	9.14	16.77	-7.63
Omega ratio: Gain probability vs. loss probability	4.95	3.55	+1.40
Calmar ratio: Return relative to maximum drawdown	9.71	23.89	-14.18
Martin ratio: Return relative to average drawdown	45.83	138.39	-92.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BENJ vs. XONE - Sharpe Ratio Comparison

The current BENJ Sharpe Ratio is 5.65, which is comparable to the XONE Sharpe Ratio of 7.03. The chart below compares the historical Sharpe Ratios of BENJ and XONE, 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

	BENJ	XONE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.65	7.03	-1.37
Sharpe Ratio (All Time) Calculated using the full available price history	6.41	4.97	+1.44

Drawdowns

BENJ vs. XONE - Drawdown Comparison

The maximum BENJ drawdown since its inception was -0.39%, roughly equal to the maximum XONE drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for BENJ and XONE.

Drawdown Indicators

	BENJ	XONE	Difference
Max Drawdown Largest peak-to-trough decline	-0.39%	-0.40%	+0.01%
Max Drawdown (1Y) Largest decline over 1 year	-0.39%	-0.16%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.28%	—
Current Drawdown Current decline from peak	-0.01%	0.00%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.02%	-0.04%	+0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.08%	0.03%	+0.05%

Volatility

BENJ vs. XONE - Volatility Comparison

The current volatility for Horizon Landmark ETF (BENJ) is 0.07%, while BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) has a volatility of 0.09%. This indicates that BENJ experiences smaller price fluctuations and is considered to be less risky than XONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BENJ	XONE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.07%	0.09%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	0.23%	0.34%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	0.67%	0.55%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.60%	0.86%	-0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.60%	0.86%	-0.26%

BENJ vs. XONE - Expense Ratio Comparison

BENJ has a 0.40% expense ratio, which is higher than XONE's 0.03% expense ratio.

Dividends

BENJ vs. XONE - Dividend Comparison

BENJ has not paid dividends to shareholders, while XONE's dividend yield for the trailing twelve months is around 4.06%.

Position	TTM	2025	2024	2023	2022
BENJ Horizon Landmark ETF	0.00%	0.00%	0.00%	0.00%	0.00%
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 BENJ and XONE in my portfolio?

BENJ and XONE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BENJ or XONE?

XONE has higher volatility (0.09%) compared to BENJ (0.07%). In terms of maximum drawdown, BENJ dropped -0.39% vs XONE's -0.40%.

Which ETF is better, BENJ or XONE?

On 1-year performance, XONE leads with 3.81% vs 3.78% for BENJ. On fees, XONE is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BENJ or XONE?

Over the 1-year period, XONE has performed better with a 3.81% return vs 3.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BENJ or XONE?

XONE is cheaper with a 0.03% expense ratio, compared with 0.40% for BENJ.

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

XONE has the higher dividend yield at 4.06%, compared with 0.00% for BENJ.

What is the main difference between BENJ and XONE?

BENJ is categorized as Ultrashort Bond, while XONE is Government Bonds. They also come from different issuers: Horizon and BondBloxx. Their fees differ too: 0.40% for BENJ and 0.03% for XONE.

Which has better risk-adjusted returns?

XONE currently has the higher Sharpe Ratio (7.03 vs 5.65), 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.