IBTR vs. XHLF

Last updated Aug 2, 2026

IBTR (iShares iBonds Dec 2036 Term Treasury ETF) and XHLF (BondBloxx Bloomberg Six Month Target Duration US Treasury ETF) are both Government Bonds funds - IBTR tracks the ICE 2036 Maturity US Treasury Index while XHLF tracks the Bloomberg US Treasury 6 Month Duration Index. Both are passively managed. Their 0.12 correlation means their historical movements had little consistent relationship. IBTR charges 0.07%/yr vs 0.03%/yr for XHLF.

Performance

IBTR vs. XHLF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2036 Term Treasury ETF (IBTR) 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

IBTR

• 1D: -0.38%
• 1M: -1.56%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

XHLF

• 1D: 0.02%
• 1M: 0.24%
• 6M: 1.68%
• YTD: 1.96%
• 1Y: 3.72%
• 3Y*: 4.56%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.39%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IBTR iShares iBonds Dec 2036 Term Treasury ETF	$481.12K	$362.65K	$277.01K
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	$10.55M	$16.65M	$18.60M

IBTR vs. XHLF - Yearly Performance Comparison

	2026 (YTD)
IBTR iShares iBonds Dec 2036 Term Treasury ETF	-1.13%
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	1.24%

Correlation

The correlation between IBTR and XHLF is 0.12, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026	0.12

Return for Risk

IBTR vs. XHLF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IBTR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IBTR vs. XHLF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2036 Term Treasury ETF (IBTR) 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.

	IBTR	XHLF	Difference
Sharpe ratio: Return per unit of total volatility	—	11.91	—
Sortino ratio: Return per unit of downside risk	—	42.72	—
Omega ratio: Gain probability vs. loss probability	—	10.51	—
Calmar ratio: Return relative to maximum drawdown	—	97.08	—
Martin ratio: Return relative to average drawdown	—	630.33	—

Drawdowns

IBTR vs. XHLF - Drawdown Comparison

The maximum IBTR drawdown since its inception was -2.88%, which is greater than XHLF's maximum drawdown of -0.11%. Use the drawdown chart below to compare losses from any high point for IBTR and XHLF.

Drawdown Indicators

	IBTR	XHLF	Difference
Max Drawdown Largest peak-to-trough decline	-2.88%	-0.11%	-2.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.04%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.06%	—
Current Drawdown Current decline from peak	-2.36%	0.00%	-2.36%
Average Drawdown Average peak-to-trough decline	-1.07%	0.00%	-1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	IBTR	XHLF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.28%	0.32%	+4.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.28%	0.41%	+4.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.28%	0.41%	+4.87%

IBTR vs. XHLF - Expense Ratio Comparison

IBTR has a 0.07% expense ratio, which is higher than XHLF'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

IBTR vs. XHLF - Dividend Comparison

IBTR's dividend yield for the trailing twelve months is around 1.01%, less than XHLF's 3.81% yield.

Position	TTM	2025	2024	2023	2022
IBTR iShares iBonds Dec 2036 Term Treasury ETF	1.01%	0.00%	0.00%	0.00%	0.00%
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	3.49%	3.98%	4.96%	4.50%	0.86%

Frequently Asked Questions

Can I hold both IBTR and XHLF in my portfolio?

IBTR and XHLF have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBTR or XHLF?

On fees, XHLF is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBTR or XHLF?

XHLF is cheaper with a 0.03% expense ratio, compared with 0.07% for IBTR.

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

XHLF has the higher dividend yield at 3.49%, compared with 1.01% for IBTR.

What is the main difference between IBTR and XHLF?

IBTR tracks ICE 2036 Maturity US Treasury Index, while XHLF tracks Bloomberg US Treasury 6 Month Duration Index. They also come from different issuers: iShares and BondBloxx. Their fees differ too: 0.07% for IBTR and 0.03% for XHLF.