SNOW vs. XONE

Last updated Jun 4, 2026

SNOW (Snowflake Inc.) is a stock, while XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) is Government Bonds fund tracking the Bloomberg US Treasury 1 Year Target Duration Index. Over the past 3 years, SNOW returned 11.26%/yr vs 4.57%/yr for XONE. At a correlation of -0.02, they often move in opposite directions.

Performance

SNOW vs. XONE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Snowflake Inc. (SNOW) 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, SNOW achieves a 9.99% return, which is significantly higher than XONE's 1.11% return.

SNOW

• 1D: -7.61%
• 1M: 67.31%
• YTD: 9.99%
• 6M: -8.95%
• 1Y: 15.36%
• 3Y*: 11.26%
• 5Y*: -0.11%
• 10Y*: —

XONE

• 1D: -0.02%
• 1M: 0.24%
• YTD: 1.11%
• 6M: 1.47%
• 1Y: 3.85%
• 3Y*: 4.57%
• 5Y*: —
• 10Y*: —

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

SNOW vs. XONE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SNOW Snowflake Inc.	9.99%	42.06%	-22.41%	38.64%	-26.95%
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF	1.11%	4.41%	4.83%	4.74%	0.60%

Correlation

The correlation between SNOW and XONE is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022	-0.02

Return for Risk

SNOW vs. XONE — Risk / Return Rank

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

SNOW

SNOW Risk / Return Rank: 49
SNOW Sharpe Ratio Rank: 49
SNOW Sortino Ratio Rank: 51
SNOW Omega Ratio Rank: 51
SNOW Calmar Ratio Rank: 47
SNOW Martin Ratio Rank: 47

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.

SNOW vs. XONE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Snowflake Inc. (SNOW) 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.

	SNOW	XONE	Difference
Sharpe ratio: Return per unit of total volatility	0.24	7.06	-6.82
Sortino ratio: Return per unit of downside risk	0.91	16.95	-16.04
Omega ratio: Gain probability vs. loss probability	1.12	3.57	-2.46
Calmar ratio: Return relative to maximum drawdown	0.27	24.16	-23.88
Martin ratio: Return relative to average drawdown	0.60	138.74	-138.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNOW vs. XONE - Sharpe Ratio Comparison

The current SNOW Sharpe Ratio is 0.24, which is lower than the XONE Sharpe Ratio of 7.06. The chart below compares the historical Sharpe Ratios of SNOW 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

	SNOW	XONE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	7.06	-6.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	4.96	-4.97

Drawdowns

SNOW vs. XONE - Drawdown Comparison

The maximum SNOW drawdown since its inception was -72.99%, which is greater than XONE's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for SNOW and XONE.

Drawdown Indicators

	SNOW	XONE	Difference
Max Drawdown Largest peak-to-trough decline	-72.99%	-0.40%	-72.59%
Max Drawdown (1Y) Largest decline over 1 year	-56.30%	-0.16%	-56.14%
Max Drawdown (3Y) Largest decline over 3 years	-56.30%	-0.28%	-56.02%
Max Drawdown (5Y) Largest decline over 5 years	-72.99%	—	—
Current Drawdown Current decline from peak	-39.96%	-0.02%	-39.94%
Average Drawdown Average peak-to-trough decline	-49.10%	-0.04%	-49.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.82%	0.03%	+25.79%

Volatility

SNOW vs. XONE - Volatility Comparison

Snowflake Inc. (SNOW) has a higher volatility of 36.32% compared to BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) at 0.10%. This indicates that SNOW'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

	SNOW	XONE	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.32%	0.10%	+36.22%
Volatility (6M) Calculated over the trailing 6-month period	54.14%	0.34%	+53.80%
Volatility (1Y) Calculated over the trailing 1-year period	65.21%	0.55%	+64.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.92%	0.86%	+61.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.81%	0.86%	+61.95%

Dividends

SNOW vs. XONE - Dividend Comparison

SNOW has not paid dividends to shareholders, while XONE's dividend yield for the trailing twelve months is around 4.06%.

Position	TTM	2025	2024	2023	2022
SNOW Snowflake Inc.	0.00%	0.00%	0.00%	0.00%	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 SNOW and XONE in my portfolio?

SNOW and XONE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNOW or XONE?

SNOW has higher volatility (36.32%) compared to XONE (0.10%). In terms of maximum drawdown, SNOW dropped -72.99% vs XONE's -0.40%.

Which has better risk-adjusted returns?

XONE currently has the higher Sharpe Ratio (7.06 vs 0.24), 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.