IBTI vs. XONE
IBTI (iShares iBonds Dec 2028 Term Treasury ETF) and XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) are both Government Bonds funds - IBTI tracks the ICE 2028 Maturity US Treasury Index while XONE tracks the Bloomberg US Treasury 1 Year Target Duration Index. Both are passively managed. Over the past 3 years, IBTI returned 3.72%/yr vs 4.57%/yr for XONE. A 0.75 correlation means they provide meaningful diversification when combined. IBTI charges 0.07%/yr vs 0.03%/yr for XONE.
Performance
IBTI vs. XONE - Performance Comparison
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Returns By Period
In the year-to-date period, IBTI achieves a 0.31% return, which is significantly lower than XONE's 1.11% return.
IBTI
- 1D
- -0.05%
- 1M
- 0.05%
- YTD
- 0.31%
- 6M
- 0.52%
- 1Y
- 3.59%
- 3Y*
- 3.72%
- 5Y*
- 0.19%
- 10Y*
- —
XONE
- 1D
- -0.02%
- 1M
- 0.24%
- YTD
- 1.11%
- 6M
- 1.47%
- 1Y
- 3.85%
- 3Y*
- 4.57%
- 5Y*
- —
- 10Y*
- —
IBTI vs. XONE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBTI iShares iBonds Dec 2028 Term Treasury ETF | 0.31% | 6.15% | 2.52% | 4.65% | -0.81% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 1.11% | 4.41% | 4.83% | 4.74% | 0.60% |
Correlation
The correlation between IBTI and XONE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022 | 0.75 |
The correlation between IBTI and XONE has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.
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Return for Risk
IBTI vs. XONE — Risk / Return Rank
IBTI
XONE
IBTI vs. XONE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Treasury ETF (IBTI) 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.
| IBTI | XONE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.01 | ||
| Sortino ratioReturn per unit of downside risk | -13.59 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 3.57 | -2.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 24.16 | -20.87 |
| Martin ratioReturn relative to average drawdown | 11.08 | 138.74 | -127.66 |
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
| IBTI | XONE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 7.06 | -5.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 4.96 | -4.92 |
Drawdowns
IBTI vs. XONE - Drawdown Comparison
The maximum IBTI drawdown since its inception was -18.45%, which is greater than XONE's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for IBTI and XONE.
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Drawdown Indicators
| IBTI | XONE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.45% | -0.40% | -18.05% |
Max Drawdown (1Y)Largest decline over 1 year | -1.10% | -0.16% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -3.24% | -0.28% | -2.96% |
Max Drawdown (5Y)Largest decline over 5 years | -16.18% | — | — |
Current DrawdownCurrent decline from peak | -3.91% | -0.02% | -3.89% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -0.04% | -8.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 0.03% | +0.29% |
Volatility
IBTI vs. XONE - Volatility Comparison
iShares iBonds Dec 2028 Term Treasury ETF (IBTI) has a higher volatility of 0.37% compared to BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) at 0.10%. This indicates that IBTI'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.
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Volatility by Period
| IBTI | XONE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 0.10% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 1.06% | 0.34% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.76% | 0.55% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.02% | 0.86% | +4.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.17% | 0.86% | +4.31% |
IBTI vs. XONE - Expense Ratio Comparison
IBTI has a 0.07% 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
IBTI vs. XONE - Dividend Comparison
IBTI's dividend yield for the trailing twelve months is around 3.81%, less than XONE's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBTI iShares iBonds Dec 2028 Term Treasury ETF | 3.81% | 3.87% | 3.92% | 3.27% | 1.70% | 0.90% | 0.56% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 4.06% | 4.33% | 5.21% | 4.46% | 1.17% | 0.00% | 0.00% |
Frequently Asked Questions
IBTI and XONE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBTI has higher volatility (0.37%) compared to XONE (0.10%). In terms of maximum drawdown, IBTI dropped -18.45% vs XONE's -0.40%.
On 3-year performance, XONE leads with 4.57% vs 3.72% for IBTI. 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.
Over the 3-year period, XONE has performed better with a 4.57% return vs 3.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XONE is cheaper with a 0.03% expense ratio, compared with 0.07% for IBTI.
XONE has the higher dividend yield at 4.06%, compared with 3.81% for IBTI.
IBTI tracks ICE 2028 Maturity US Treasury Index, while XONE tracks Bloomberg US Treasury 1 Year Target Duration Index. They also come from different issuers: iShares and BondBloxx. Their fees differ too: 0.07% for IBTI and 0.03% for XONE.
XONE currently has the higher Sharpe Ratio (7.06 vs 2.05), 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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