TLDR vs. XONE

Last updated Jun 5, 2026

TLDR (The Laddered T-Bill ETF) and XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) are both exchange-traded funds - TLDR is a Ultrashort Bond fund actively managed by REX Shares, while XONE is a Government Bonds fund tracking the Bloomberg US Treasury 1 Year Target Duration Index. TLDR is actively managed, while XONE is passively managed. At a 0.12 correlation, their price movements are largely independent. TLDR charges 0.20%/yr vs 0.03%/yr for XONE.

Performance

TLDR vs. XONE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Laddered T-Bill ETF (TLDR) 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

TLDR

• 1D: -0.02%
• 1M: 0.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XONE

• 1D: 0.04%
• 1M: 0.23%
• YTD: 1.16%
• 6M: 1.52%
• 1Y: 3.81%
• 3Y*: 4.55%
• 5Y*: —
• 10Y*: —

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

TLDR vs. XONE - Yearly Performance Comparison

	2026 (YTD)
TLDR The Laddered T-Bill ETF	1.23%
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF	1.04%

Correlation

The correlation between TLDR and XONE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	0.12

Return for Risk

TLDR vs. XONE — Risk / Return Rank

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

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.

TLDR vs. XONE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Laddered T-Bill ETF (TLDR) 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.

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

Sharpe Ratios by Period

	TLDR	XONE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	7.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	8.54	4.97	+3.57

Drawdowns

TLDR vs. XONE - Drawdown Comparison

The maximum TLDR drawdown since its inception was -0.05%, smaller than the maximum XONE drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for TLDR and XONE.

Drawdown Indicators

	TLDR	XONE	Difference
Max Drawdown Largest peak-to-trough decline	-0.05%	-0.40%	+0.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.16%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.28%	—
Current Drawdown Current decline from peak	-0.02%	0.00%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.01%	-0.04%	+0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.03%	—

Volatility

Volatility by Period

	TLDR	XONE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.40%	0.55%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.40%	0.86%	-0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.40%	0.86%	-0.46%

TLDR vs. XONE - Expense Ratio Comparison

TLDR has a 0.20% 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

TLDR vs. XONE - Dividend Comparison

TLDR's dividend yield for the trailing twelve months is around 1.22%, less than XONE's 4.06% yield.

Position	TTM	2025	2024	2023	2022
TLDR The Laddered T-Bill ETF	1.22%	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 TLDR and XONE in my portfolio?

TLDR and XONE 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, TLDR or XONE?

On fees, XONE 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, TLDR or XONE?

XONE is cheaper with a 0.03% expense ratio, compared with 0.20% for TLDR.

Which ETF pays a higher dividend yield, TLDR or XONE?

XONE has the higher dividend yield at 4.06%, compared with 1.22% for TLDR.

What is the main difference between TLDR and XONE?

TLDR is categorized as Ultrashort Bond, while XONE is Government Bonds. They also come from different issuers: REX Shares and BondBloxx. Their fees differ too: 0.20% for TLDR and 0.03% for XONE.