KCSH vs. XHLF
KCSH (KraneShares Sustainable Ultra Short Duration Index ETF) and XHLF (BondBloxx Bloomberg Six Month Target Duration US Treasury ETF) are both exchange-traded funds - KCSH is a Ultrashort Bond fund tracking the Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index, while XHLF is a Government Bonds fund tracking the Bloomberg US Treasury 6 Month Duration Index. Both are passively managed. Over the past year, KCSH returned 4.06% vs 3.92% for XHLF. At a 0.10 correlation, their price movements are largely independent. KCSH charges 0.20%/yr vs 0.03%/yr for XHLF.
Performance
KCSH vs. XHLF - Performance Comparison
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Returns By Period
In the year-to-date period, KCSH achieves a 1.49% return, which is significantly higher than XHLF's 1.39% return.
KCSH
- 1D
- 0.02%
- 1M
- 0.32%
- YTD
- 1.49%
- 6M
- 1.83%
- 1Y
- 4.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XHLF
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.39%
- 6M
- 1.71%
- 1Y
- 3.92%
- 3Y*
- 4.62%
- 5Y*
- —
- 10Y*
- —
KCSH vs. XHLF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KCSH KraneShares Sustainable Ultra Short Duration Index ETF | 1.49% | 4.49% | 1.94% |
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 1.39% | 4.21% | 2.21% |
Correlation
The correlation between KCSH and XHLF is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2024 | 0.10 |
The correlation between KCSH and XHLF shifts across timeframes, from 0.10 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
KCSH vs. XHLF — Risk / Return Rank
KCSH
XHLF
KCSH vs. XHLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) 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.
| KCSH | XHLF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.13 | ||
| Sortino ratioReturn per unit of downside risk | -41.20 | ||
| Omega ratioGain probability vs. loss probability | 2.16 | 11.75 | -9.59 |
| Calmar ratioReturn relative to maximum drawdown | 7.00 | 98.81 | -91.81 |
| Martin ratioReturn relative to average drawdown | 59.08 | 670.31 | -611.23 |
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
| KCSH | XHLF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.30 | 12.43 | -9.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.26 | 10.75 | -7.48 |
Drawdowns
KCSH vs. XHLF - Drawdown Comparison
The maximum KCSH drawdown since its inception was -0.58%, which is greater than XHLF's maximum drawdown of -0.11%. Use the drawdown chart below to compare losses from any high point for KCSH and XHLF.
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Drawdown Indicators
| KCSH | XHLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.58% | -0.11% | -0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -0.58% | -0.04% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.06% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -0.00% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.01% | +0.06% |
Volatility
KCSH vs. XHLF - Volatility Comparison
The current volatility for KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) is 0.06%, while BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) has a volatility of 0.08%. This indicates that KCSH experiences smaller price fluctuations and is considered to be less risky than XHLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KCSH | XHLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 0.08% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.83% | 0.22% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.24% | 0.32% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.33% | 0.42% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.33% | 0.42% | +0.91% |
KCSH vs. XHLF - Expense Ratio Comparison
KCSH has a 0.20% 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
KCSH vs. XHLF - Dividend Comparison
KCSH's dividend yield for the trailing twelve months is around 3.97%, more than XHLF's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
KCSH KraneShares Sustainable Ultra Short Duration Index ETF | 3.97% | 4.35% | 2.08% | 0.00% | 0.00% |
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 3.85% | 3.98% | 4.96% | 4.50% | 0.86% |
Frequently Asked Questions
KCSH and XHLF have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XHLF has higher volatility (0.08%) compared to KCSH (0.06%). In terms of maximum drawdown, KCSH dropped -0.58% vs XHLF's -0.11%.
On 1-year performance, KCSH leads with 4.06% vs 3.92% for XHLF. On fees, XHLF 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.
Over the 1-year period, KCSH has performed better with a 4.06% return vs 3.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XHLF is cheaper with a 0.03% expense ratio, compared with 0.20% for KCSH.
KCSH has the higher dividend yield at 3.97%, compared with 3.85% for XHLF.
KCSH is categorized as Ultrashort Bond, while XHLF is Government Bonds. KCSH tracks Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index, while XHLF tracks Bloomberg US Treasury 6 Month Duration Index. They also come from different issuers: KraneShares and BondBloxx. Their fees differ too: 0.20% for KCSH and 0.03% for XHLF.
XHLF currently has the higher Sharpe Ratio (12.43 vs 3.30), 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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