BUXX vs. XONE

Last updated Jun 6, 2026

BUXX (Strive Enhanced Income Short Maturity ETF) and XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) are both exchange-traded funds - BUXX is a Ultrashort Bond fund actively managed by Strive, while XONE is a Government Bonds fund tracking the Bloomberg US Treasury 1 Year Target Duration Index. BUXX is actively managed, while XONE is passively managed. Over the past year, BUXX returned 4.35% vs 3.79% for XONE. At a 0.33 correlation, their price movements are largely independent. BUXX charges 0.26%/yr vs 0.03%/yr for XONE.

Performance

BUXX vs. XONE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive Enhanced Income Short Maturity ETF (BUXX) 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, BUXX achieves a 1.61% return, which is significantly higher than XONE's 1.11% return.

BUXX

• 1D: 0.00%
• 1M: 0.31%
• YTD: 1.61%
• 6M: 1.99%
• 1Y: 4.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XONE

• 1D: -0.04%
• 1M: 0.16%
• YTD: 1.11%
• 6M: 1.45%
• 1Y: 3.79%
• 3Y*: 4.55%
• 5Y*: —
• 10Y*: —

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

BUXX vs. XONE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BUXX Strive Enhanced Income Short Maturity ETF	1.61%	4.84%	6.18%	2.89%
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF	1.11%	4.41%	4.83%	2.47%

Correlation

The correlation between BUXX and XONE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Aug 11, 2023	0.33

Return for Risk

BUXX vs. XONE — Risk / Return Rank

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

BUXX

BUXX Risk / Return Rank: 97
BUXX Sharpe Ratio Rank: 95
BUXX Sortino Ratio Rank: 97
BUXX Omega Ratio Rank: 97
BUXX Calmar Ratio Rank: 98
BUXX Martin Ratio Rank: 98

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.

BUXX vs. XONE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive Enhanced Income Short Maturity ETF (BUXX) 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.

	BUXX	XONE	Difference
Sharpe ratio: Return per unit of total volatility	3.60	6.97	-3.37
Sortino ratio: Return per unit of downside risk	6.09	16.48	-10.38
Omega ratio: Gain probability vs. loss probability	1.87	3.50	-1.63
Calmar ratio: Return relative to maximum drawdown	14.85	23.76	-8.91
Martin ratio: Return relative to average drawdown	61.16	137.18	-76.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BUXX vs. XONE - Sharpe Ratio Comparison

The current BUXX Sharpe Ratio is 3.60, which is lower than the XONE Sharpe Ratio of 6.97. The chart below compares the historical Sharpe Ratios of BUXX 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

	BUXX	XONE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.60	6.97	-3.37
Sharpe Ratio (All Time) Calculated using the full available price history	3.82	4.95	-1.13

Drawdowns

BUXX vs. XONE - Drawdown Comparison

The maximum BUXX drawdown since its inception was -0.60%, which is greater than XONE's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for BUXX and XONE.

Drawdown Indicators

	BUXX	XONE	Difference
Max Drawdown Largest peak-to-trough decline	-0.60%	-0.40%	-0.20%
Max Drawdown (1Y) Largest decline over 1 year	-0.29%	-0.16%	-0.13%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.28%	—
Current Drawdown Current decline from peak	0.00%	-0.04%	+0.04%
Average Drawdown Average peak-to-trough decline	-0.05%	-0.04%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.07%	0.03%	+0.04%

Volatility

BUXX vs. XONE - Volatility Comparison

Strive Enhanced Income Short Maturity ETF (BUXX) has a higher volatility of 0.30% compared to BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) at 0.10%. This indicates that BUXX's price experiences larger fluctuations and is considered to be riskier than XONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUXX	XONE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.30%	0.10%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	0.78%	0.34%	+0.44%
Volatility (1Y) Calculated over the trailing 1-year period	1.22%	0.55%	+0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.46%	0.86%	+0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.46%	0.86%	+0.60%

BUXX vs. XONE - Expense Ratio Comparison

BUXX has a 0.26% expense ratio, which is higher than XONE's 0.03% 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

BUXX vs. XONE - Dividend Comparison

BUXX's dividend yield for the trailing twelve months is around 4.73%, more than XONE's 4.06% yield.

Position	TTM	2025	2024	2023	2022
BUXX Strive Enhanced Income Short Maturity ETF	4.73%	4.95%	5.55%	1.92%	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 BUXX and XONE in my portfolio?

BUXX and XONE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUXX or XONE?

BUXX has higher volatility (0.30%) compared to XONE (0.10%). In terms of maximum drawdown, BUXX dropped -0.60% vs XONE's -0.40%.

Which ETF is better, BUXX or XONE?

On 1-year performance, BUXX leads with 4.35% vs 3.79% for XONE. On fees, XONE is cheaper at 0.03% per year. On volatility, XONE has been the lower-risk option at 0.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUXX or XONE?

Over the 1-year period, BUXX has performed better with a 4.35% return vs 3.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUXX or XONE?

XONE is cheaper with a 0.03% expense ratio, compared with 0.26% for BUXX.

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

BUXX has the higher dividend yield at 4.73%, compared with 4.06% for XONE.

What is the main difference between BUXX and XONE?

BUXX is categorized as Ultrashort Bond, while XONE is Government Bonds. They also come from different issuers: Strive and BondBloxx. Their fees differ too: 0.26% for BUXX and 0.03% for XONE.

Which has better risk-adjusted returns?

XONE currently has the higher Sharpe Ratio (6.97 vs 3.60), 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.