USVN vs. XHLF
USVN (US Treasury 7 Year Note ETF) and XHLF (BondBloxx Bloomberg Six Month Target Duration US Treasury ETF) are both Government Bonds funds - USVN tracks the ICE BofA Current 7-Year US Treasury Index - Benchmark TR Gross while XHLF tracks the Bloomberg US Treasury 6 Month Duration Index. Both are passively managed. Over the past 3 years, USVN returned 2.70%/yr vs 4.62%/yr for XHLF. At a 0.26 correlation, their price movements are largely independent. USVN charges 0.15%/yr vs 0.03%/yr for XHLF.
Performance
USVN vs. XHLF - Performance Comparison
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Returns By Period
In the year-to-date period, USVN achieves a -0.70% return, which is significantly lower than XHLF's 1.39% return.
USVN
- 1D
- -0.22%
- 1M
- -0.18%
- YTD
- -0.70%
- 6M
- -1.08%
- 1Y
- 3.56%
- 3Y*
- 2.70%
- 5Y*
- —
- 10Y*
- —
XHLF
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.39%
- 6M
- 1.71%
- 1Y
- 3.92%
- 3Y*
- 4.62%
- 5Y*
- —
- 10Y*
- —
USVN vs. XHLF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
USVN US Treasury 7 Year Note ETF | -0.70% | 7.66% | 0.03% | 0.67% |
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 1.39% | 4.21% | 5.04% | 3.79% |
Correlation
The correlation between USVN and XHLF is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2023 | 0.26 |
The correlation between USVN and XHLF shifts across timeframes, from 0.08 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USVN vs. XHLF — Risk / Return Rank
USVN
XHLF
USVN vs. XHLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 7 Year Note ETF (USVN) 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.
| USVN | XHLF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.59 | ||
| Sortino ratioReturn per unit of downside risk | -44.59 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 11.75 | -10.60 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 98.81 | -97.83 |
| Martin ratioReturn relative to average drawdown | 2.89 | 670.31 | -667.42 |
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
| USVN | XHLF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 12.43 | -11.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 10.75 | -10.34 |
Drawdowns
USVN vs. XHLF - Drawdown Comparison
The maximum USVN drawdown since its inception was -8.27%, which is greater than XHLF's maximum drawdown of -0.11%. Use the drawdown chart below to compare losses from any high point for USVN and XHLF.
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Drawdown Indicators
| USVN | XHLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.27% | -0.11% | -8.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.68% | -0.04% | -3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -5.89% | -0.06% | -5.83% |
Current DrawdownCurrent decline from peak | -2.67% | 0.00% | -2.67% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -0.00% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 0.01% | +1.23% |
Volatility
USVN vs. XHLF - Volatility Comparison
US Treasury 7 Year Note ETF (USVN) has a higher volatility of 1.37% compared to BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) at 0.08%. This indicates that USVN's price experiences larger fluctuations and is considered to be riskier 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
| USVN | XHLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 0.08% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 0.22% | +2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.26% | 0.32% | +3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 0.42% | +5.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.79% | 0.42% | +5.37% |
USVN vs. XHLF - Expense Ratio Comparison
USVN has a 0.15% 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
USVN vs. XHLF - Dividend Comparison
USVN's dividend yield for the trailing twelve months is around 3.75%, less than XHLF's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
USVN US Treasury 7 Year Note ETF | 3.75% | 3.81% | 4.07% | 2.91% | 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
USVN and XHLF have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USVN has higher volatility (1.37%) compared to XHLF (0.08%). In terms of maximum drawdown, USVN dropped -8.27% vs XHLF's -0.11%.
On 3-year performance, XHLF leads with 4.62% vs 2.70% for USVN. On fees, XHLF is cheaper at 0.03% per year. On volatility, XHLF has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XHLF has performed better with a 4.62% return vs 2.70%. 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 0.15% for USVN.
XHLF has the higher dividend yield at 3.85%, compared with 3.75% for USVN.
USVN tracks ICE BofA Current 7-Year US Treasury Index - Benchmark TR Gross, while XHLF tracks Bloomberg US Treasury 6 Month Duration Index. They also come from different issuers: US Benchmark Series and BondBloxx. Their fees differ too: 0.15% for USVN and 0.03% for XHLF.
XHLF currently has the higher Sharpe Ratio (12.43 vs 0.84), 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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