CUSD vs. XHLF

Last updated Jun 24, 2026

CUSD (CrossingBridge Ultra-Short Duration ETF) and XHLF (BondBloxx Bloomberg Six Month Target Duration US Treasury ETF) are both exchange-traded funds - CUSD is a Ultrashort Bond fund actively managed by CrossingBridge, while XHLF is a Government Bonds fund tracking the Bloomberg US Treasury 6 Month Duration Index. CUSD is actively managed, while XHLF is passively managed. Over the past 3 years, CUSD returned 5.80%/yr vs 4.58%/yr for XHLF. At a correlation of -0.04, they often move in opposite directions. CUSD charges 0.81%/yr vs 0.03%/yr for XHLF.

Performance

CUSD vs. XHLF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CrossingBridge Ultra-Short Duration ETF (CUSD) and BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CUSD achieves a 4.97% return, which is significantly higher than XHLF's 1.56% return.

CUSD

• 1D: 3.80%
• 1M: 3.10%
• YTD: 4.97%
• 6M: 5.87%
• 1Y: 6.58%
• 3Y*: 5.80%
• 5Y*: —
• 10Y*: —

XHLF

• 1D: 0.00%
• 1M: 0.24%
• YTD: 1.56%
• 6M: 1.61%
• 1Y: 3.81%
• 3Y*: 4.58%
• 5Y*: —
• 10Y*: —

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

CUSD vs. XHLF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CUSD CrossingBridge Ultra-Short Duration ETF	4.97%	5.02%	4.57%	6.05%	1.63%
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	1.56%	4.21%	5.04%	4.90%	0.89%

Correlation

The correlation between CUSD and XHLF is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022	-0.04

Return for Risk

CUSD vs. XHLF — Risk / Return Rank

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

CUSD

CUSD Risk / Return Rank: 20
CUSD Sharpe Ratio Rank: 16
CUSD Sortino Ratio Rank: 16
CUSD Omega Ratio Rank: 19
CUSD Calmar Ratio Rank: 26
CUSD Martin Ratio Rank: 25

XHLF

XHLF Risk / Return Rank: 100
XHLF Sharpe Ratio Rank: 100
XHLF Sortino Ratio Rank: 100
XHLF Omega Ratio Rank: 100
XHLF Calmar Ratio Rank: 100
XHLF Martin Ratio Rank: 100

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.

CUSD vs. XHLF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CrossingBridge Ultra-Short Duration ETF (CUSD) and BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CUSD	XHLF	Difference
Sharpe ratio: Return per unit of total volatility	0.45	11.99	-11.54
Sortino ratio: Return per unit of downside risk	0.80	43.46	-42.65
Omega ratio: Gain probability vs. loss probability	1.13	10.92	-9.79
Calmar ratio: Return relative to maximum drawdown	1.22	96.20	-94.98
Martin ratio: Return relative to average drawdown	3.09	638.15	-635.07

CUSD vs. XHLF - Sharpe Ratio Comparison

The current CUSD Sharpe Ratio is 0.45, which is lower than the XHLF Sharpe Ratio of 11.99. The chart below compares the historical Sharpe Ratios of CUSD and XHLF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CUSD vs. XHLF - Drawdown Comparison

The maximum CUSD drawdown since its inception was -5.42%, which is greater than XHLF's maximum drawdown of -0.11%. Use the drawdown chart below to compare losses from any high point for CUSD and XHLF.

Drawdown Indicators

	CUSD	XHLF	Difference
Max Drawdown Largest peak-to-trough decline	-5.42%	-0.11%	-5.31%
Max Drawdown (1Y) Largest decline over 1 year	-5.42%	-0.04%	-5.38%
Max Drawdown (3Y) Largest decline over 3 years	-5.42%	-0.06%	-5.36%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.48%	-0.01%	-0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	0.01%	+2.13%

Volatility

CUSD vs. XHLF - Volatility Comparison

CrossingBridge Ultra-Short Duration ETF (CUSD) has a higher volatility of 6.15% compared to BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) at 0.09%. This indicates that CUSD's price experiences larger fluctuations and is considered to be riskier than XHLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CUSD	XHLF	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.15%	0.09%	+6.06%
Volatility (6M) Calculated over the trailing 6-month period	11.99%	0.22%	+11.77%
Volatility (1Y) Calculated over the trailing 1-year period	14.64%	0.32%	+14.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.39%	0.42%	+6.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.39%	0.42%	+6.97%

CUSD vs. XHLF - Expense Ratio Comparison

CUSD has a 0.81% expense ratio, which is higher than XHLF's 0.03% expense ratio.

Dividends

CUSD vs. XHLF - Dividend Comparison

CUSD's dividend yield for the trailing twelve months is around 13.39%, more than XHLF's 3.84% yield.

Position	TTM	2025	2024	2023	2022
CUSD CrossingBridge Ultra-Short Duration ETF	13.39%	14.05%	7.10%	3.62%	1.14%
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	3.84%	3.98%	4.96%	4.50%	0.86%

Frequently Asked Questions

Can I hold both CUSD and XHLF in my portfolio?

CUSD and XHLF have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CUSD or XHLF?

CUSD has higher volatility (6.15%) compared to XHLF (0.09%). In terms of maximum drawdown, CUSD dropped -5.42% vs XHLF's -0.11%.

Which ETF is better, CUSD or XHLF?

On 3-year performance, CUSD leads with 5.80% vs 4.58% for XHLF. On fees, XHLF is cheaper at 0.03% per year. On volatility, XHLF has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CUSD or XHLF?

Over the 3-year period, CUSD has performed better with a 5.80% return vs 4.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CUSD or XHLF?

XHLF is cheaper with a 0.03% expense ratio, compared with 0.81% for CUSD.

Which ETF pays a higher dividend yield, CUSD or XHLF?

CUSD has the higher dividend yield at 13.39%, compared with 3.84% for XHLF.

What is the main difference between CUSD and XHLF?

CUSD is categorized as Ultrashort Bond, while XHLF is Government Bonds. They also come from different issuers: CrossingBridge and BondBloxx. Their fees differ too: 0.81% for CUSD and 0.03% for XHLF.

Which has better risk-adjusted returns?

XHLF currently has the higher Sharpe Ratio (11.99 vs 0.45), 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.