TXXI vs. BESF

Last updated Aug 5, 2026

TXXI (BondBloxx IR+M Tax-Aware Intermediate Duration ETF) and BESF (Bastion Energy ETF) are both exchange-traded funds - TXXI is a Municipal Bonds fund actively managed by BondBloxx, while BESF is a Energy Equities fund actively managed by Bastion. Both are actively managed. Over the past year, TXXI returned 4.97% vs 54.59% for BESF. Their -0.26 correlation means they have often moved in opposite directions in the past. TXXI charges 0.35%/yr vs 0.80%/yr for BESF.

Performance

TXXI vs. BESF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx IR+M Tax-Aware Intermediate Duration ETF (TXXI) and Bastion Energy ETF (BESF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TXXI achieves a 0.84% return, which is significantly lower than BESF's 15.80% return.

TXXI

• 1D: 0.32%
• 1M: -1.19%
• 6M: 0.15%
• YTD: 0.84%
• 1Y: 4.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.83%

BESF

• 1D: -0.71%
• 1M: 1.22%
• 6M: 6.34%
• YTD: 15.80%
• 1Y: 54.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 50.17%

*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)
BESF Bastion Energy ETF	$42.02K	$83.06K	$88.56K
TXXI BondBloxx IR+M Tax-Aware Intermediate Duration ETF	$594.21K	$416.48K	$324.88K

TXXI vs. BESF - Yearly Performance Comparison

	2026 (YTD)	2025
TXXI BondBloxx IR+M Tax-Aware Intermediate Duration ETF	0.84%	5.34%
BESF Bastion Energy ETF	15.80%	38.76%

Correlation

The correlation between TXXI and BESF is -0.26, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.26
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	-0.26

Return for Risk

TXXI vs. BESF — Risk / Return Rank

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

TXXI

TXXI Risk / Return Rank: 56
TXXI Sharpe Ratio Rank: 64
TXXI Sortino Ratio Rank: 61
TXXI Omega Ratio Rank: 74
TXXI Calmar Ratio Rank: 40
TXXI Martin Ratio Rank: 40

BESF

BESF Risk / Return Rank: 84
BESF Sharpe Ratio Rank: 85
BESF Sortino Ratio Rank: 83
BESF Omega Ratio Rank: 78
BESF Calmar Ratio Rank: 93
BESF Martin Ratio Rank: 79

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.

TXXI vs. BESF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx IR+M Tax-Aware Intermediate Duration ETF (TXXI) and Bastion Energy ETF (BESF). 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.

	TXXI	BESF	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.20	-0.50
Sortino ratio: Return per unit of downside risk	2.34	2.99	-0.64
Omega ratio: Gain probability vs. loss probability	1.35	1.37	-0.02
Calmar ratio: Return relative to maximum drawdown	1.62	5.00	-3.38
Martin ratio: Return relative to average drawdown	4.84	11.57	-6.72

TXXI vs. BESF - Sharpe Ratio Comparison

The current TXXI Sharpe Ratio is 1.71, which is comparable to the BESF Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of TXXI and BESF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TXXI vs. BESF - Drawdown Comparison

The maximum TXXI drawdown since its inception was -3.08%, smaller than the maximum BESF drawdown of -10.97%. Use the drawdown chart below to compare losses from any high point for TXXI and BESF.

Drawdown Indicators

	TXXI	BESF	Difference
Max Drawdown Largest peak-to-trough decline	-3.08%	-10.97%	+7.89%
Max Drawdown (1Y) Largest decline over 1 year	-3.08%	-10.97%	+7.89%
Current Drawdown Current decline from peak	-1.47%	-8.98%	+7.51%
Average Drawdown Average peak-to-trough decline	-0.74%	-3.26%	+2.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	4.73%	-3.70%

Volatility

TXXI vs. BESF - Volatility Comparison

The current volatility for BondBloxx IR+M Tax-Aware Intermediate Duration ETF (TXXI) is 0.97%, while Bastion Energy ETF (BESF) has a volatility of 7.37%. This indicates that TXXI experiences smaller price fluctuations and is considered to be less risky than BESF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TXXI	BESF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.97%	7.37%	-6.40%
Volatility (6M) Calculated over the trailing 6-month period	2.45%	15.30%	-12.85%
Volatility (1Y) Calculated over the trailing 1-year period	2.93%	24.94%	-22.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.40%	24.26%	-20.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.40%	24.26%	-20.86%

TXXI vs. BESF - Expense Ratio Comparison

TXXI has a 0.35% expense ratio, which is lower than BESF's 0.80% expense ratio.

Dividends

TXXI vs. BESF - Dividend Comparison

TXXI's dividend yield for the trailing twelve months is around 3.48%, less than BESF's 5.94% yield.

Position	TTM	2025
BESF Bastion Energy ETF	5.94%	6.39%
TXXI BondBloxx IR+M Tax-Aware Intermediate Duration ETF	3.48%	2.85%

Frequently Asked Questions

Can I hold both TXXI and BESF in my portfolio?

TXXI and BESF have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TXXI or BESF?

BESF has higher volatility (7.37%) compared to TXXI (0.97%). In terms of maximum drawdown, TXXI dropped -3.08% vs BESF's -10.97%.

Which ETF is better, TXXI or BESF?

On 1-year performance, BESF leads with 54.59% vs 4.97% for TXXI. On fees, TXXI is cheaper at 0.35% per year. On volatility, TXXI has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TXXI or BESF?

Over the 1-year period, BESF has performed better with a 54.59% return vs 4.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TXXI or BESF?

TXXI is cheaper with a 0.35% expense ratio, compared with 0.80% for BESF.

Which ETF pays a higher dividend yield, TXXI or BESF?

BESF has the higher dividend yield at 5.94%, compared with 3.48% for TXXI.

What is the main difference between TXXI and BESF?

TXXI is categorized as Municipal Bonds, while BESF is Energy Equities. They also come from different issuers: BondBloxx and Bastion. Their fees differ too: 0.35% for TXXI and 0.80% for BESF.

Which has better risk-adjusted returns?

BESF currently has the higher Sharpe Ratio (2.20 vs 1.71), 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.