UTWO vs. XHLF
Compare and contrast key facts about US Treasury 2 Year Note ETF (UTWO) and BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF).
UTWO and XHLF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UTWO is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA Current 2 Year US Treasury Index - Benchmark TR Gross. It was launched on Aug 8, 2022. XHLF is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg US Treasury 6 Month Duration Index. It was launched on Sep 13, 2022. Both UTWO and XHLF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UTWO vs. XHLF - Performance Comparison
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UTWO vs. XHLF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UTWO US Treasury 2 Year Note ETF | 0.20% | 4.79% | 3.71% | 3.45% | -0.06% |
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 0.78% | 4.21% | 5.04% | 4.90% | 0.96% |
Returns By Period
In the year-to-date period, UTWO achieves a 0.20% return, which is significantly lower than XHLF's 0.78% return.
UTWO
- 1D
- -0.05%
- 1M
- -0.31%
- YTD
- 0.20%
- 6M
- 1.15%
- 1Y
- 3.40%
- 3Y*
- 3.58%
- 5Y*
- —
- 10Y*
- —
XHLF
- 1D
- 0.01%
- 1M
- 0.23%
- YTD
- 0.78%
- 6M
- 1.76%
- 1Y
- 3.95%
- 3Y*
- 4.61%
- 5Y*
- —
- 10Y*
- —
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UTWO vs. XHLF - Expense Ratio Comparison
UTWO 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%.
Return for Risk
UTWO vs. XHLF — Risk / Return Rank
UTWO
XHLF
UTWO vs. XHLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 2 Year Note ETF (UTWO) 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.
| UTWO | XHLF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.27 | 12.09 | -9.82 |
Sortino ratioReturn per unit of downside risk | 3.61 | 39.75 | -36.15 |
Omega ratioGain probability vs. loss probability | 1.47 | 9.67 | -8.20 |
Calmar ratioReturn relative to maximum drawdown | 3.81 | 99.61 | -95.80 |
Martin ratioReturn relative to average drawdown | 13.43 | 605.40 | -591.97 |
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
| UTWO | XHLF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 12.09 | -9.82 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.48 | 10.74 | -9.26 |
Correlation
The correlation between UTWO and XHLF is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
UTWO vs. XHLF - Dividend Comparison
UTWO's dividend yield for the trailing twelve months is around 3.48%, less than XHLF's 3.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UTWO US Treasury 2 Year Note ETF | 3.48% | 3.63% | 4.22% | 4.39% | 1.22% |
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 3.88% | 3.98% | 4.96% | 4.50% | 0.86% |
Drawdowns
UTWO vs. XHLF - Drawdown Comparison
The maximum UTWO drawdown since its inception was -2.04%, which is greater than XHLF's maximum drawdown of -0.11%. Use the drawdown chart below to compare losses from any high point for UTWO and XHLF.
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Drawdown Indicators
| UTWO | XHLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.04% | -0.11% | -1.93% |
Max Drawdown (1Y)Largest decline over 1 year | -0.90% | -0.04% | -0.86% |
Current DrawdownCurrent decline from peak | -0.50% | 0.00% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -0.49% | 0.00% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.01% | +0.24% |
Volatility
UTWO vs. XHLF - Volatility Comparison
US Treasury 2 Year Note ETF (UTWO) has a higher volatility of 0.54% compared to BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) at 0.09%. This indicates that UTWO'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
| UTWO | XHLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 0.09% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 0.87% | 0.21% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.51% | 0.33% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.10% | 0.42% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.10% | 0.42% | +1.68% |