TXXI vs. XONE

Last updated Jun 5, 2026

TXXI (BondBloxx IR+M Tax-Aware Intermediate Duration ETF) and XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) are both exchange-traded funds - TXXI is a Municipal Bonds fund actively managed by BondBloxx, while XONE is a Government Bonds fund tracking the Bloomberg US Treasury 1 Year Target Duration Index. TXXI is actively managed, while XONE is passively managed. Over the past year, TXXI returned 6.65% vs 3.81% for XONE. At a 0.40 correlation, their price movements are largely independent. TXXI charges 0.35%/yr vs 0.03%/yr for XONE.

Performance

TXXI vs. XONE - 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 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, TXXI achieves a 1.45% return, which is significantly higher than XONE's 1.16% return.

TXXI

• 1D: 0.13%
• 1M: 0.59%
• YTD: 1.45%
• 6M: 2.04%
• 1Y: 6.65%
• 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)

TXXI vs. XONE - Yearly Performance Comparison

	2026 (YTD)	2025
TXXI BondBloxx IR+M Tax-Aware Intermediate Duration ETF	1.45%	4.34%
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF	1.16%	3.45%

Correlation

The correlation between TXXI and XONE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Mar 14, 2025	0.40

Return for Risk

TXXI vs. XONE — Risk / Return Rank

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

TXXI

TXXI Risk / Return Rank: 65
TXXI Sharpe Ratio Rank: 74
TXXI Sortino Ratio Rank: 74
TXXI Omega Ratio Rank: 87
TXXI Calmar Ratio Rank: 45
TXXI Martin Ratio Rank: 44

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.

TXXI vs. XONE - 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 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.

	TXXI	XONE	Difference
Sharpe ratio: Return per unit of total volatility	2.36	7.03	-4.67
Sortino ratio: Return per unit of downside risk	3.28	16.77	-13.49
Omega ratio: Gain probability vs. loss probability	1.52	3.55	-2.03
Calmar ratio: Return relative to maximum drawdown	2.17	23.89	-21.73
Martin ratio: Return relative to average drawdown	7.12	138.39	-131.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TXXI vs. XONE - Sharpe Ratio Comparison

The current TXXI Sharpe Ratio is 2.36, which is lower than the XONE Sharpe Ratio of 7.03. The chart below compares the historical Sharpe Ratios of TXXI 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

	TXXI	XONE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	7.03	-4.67
Sharpe Ratio (All Time) Calculated using the full available price history	1.38	4.97	-3.59

Drawdowns

TXXI vs. XONE - Drawdown Comparison

The maximum TXXI drawdown since its inception was -3.08%, which is greater than XONE's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for TXXI and XONE.

Drawdown Indicators

	TXXI	XONE	Difference
Max Drawdown Largest peak-to-trough decline	-3.08%	-0.40%	-2.68%
Max Drawdown (1Y) Largest decline over 1 year	-3.08%	-0.16%	-2.92%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.28%	—
Current Drawdown Current decline from peak	-0.87%	0.00%	-0.87%
Average Drawdown Average peak-to-trough decline	-0.71%	-0.04%	-0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	0.03%	+0.91%

Volatility

TXXI vs. XONE - Volatility Comparison

BondBloxx IR+M Tax-Aware Intermediate Duration ETF (TXXI) has a higher volatility of 0.84% compared to BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) at 0.09%. This indicates that TXXI'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

	TXXI	XONE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	0.09%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	2.24%	0.34%	+1.90%
Volatility (1Y) Calculated over the trailing 1-year period	2.84%	0.55%	+2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.46%	0.86%	+2.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.46%	0.86%	+2.60%

TXXI vs. XONE - Expense Ratio Comparison

TXXI has a 0.35% expense ratio, which is higher than XONE's 0.03% expense ratio.

Dividends

TXXI vs. XONE - Dividend Comparison

TXXI's dividend yield for the trailing twelve months is around 3.46%, less than XONE's 4.06% yield.

Position	TTM	2025	2024	2023	2022
TXXI BondBloxx IR+M Tax-Aware Intermediate Duration ETF	3.46%	2.85%	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 TXXI and XONE in my portfolio?

TXXI and XONE have a correlation of 0.40, 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 XONE?

TXXI has higher volatility (0.84%) compared to XONE (0.09%). In terms of maximum drawdown, TXXI dropped -3.08% vs XONE's -0.40%.

Which ETF is better, TXXI or XONE?

On 1-year performance, TXXI leads with 6.65% vs 3.81% for XONE. On fees, XONE is cheaper at 0.03% per year. On volatility, XONE has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TXXI or XONE?

Over the 1-year period, TXXI has performed better with a 6.65% return vs 3.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TXXI or XONE?

XONE is cheaper with a 0.03% expense ratio, compared with 0.35% for TXXI.

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

XONE has the higher dividend yield at 4.06%, compared with 3.46% for TXXI.

What is the main difference between TXXI and XONE?

TXXI is categorized as Municipal Bonds, while XONE is Government Bonds. Their fees differ too: 0.35% for TXXI and 0.03% for XONE.

Which has better risk-adjusted returns?

XONE currently has the higher Sharpe Ratio (7.03 vs 2.36), 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.