UTWY vs. XONE
UTWY (F/m US Treasury 20 Year Bond ETF) and XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) are both Government Bonds funds - UTWY tracks the Bloomberg US Treasury Bellwether 20 Year Index while XONE tracks the Bloomberg US Treasury 1 Year Target Duration Index. Both are passively managed. Over the past 3 years, UTWY returned -0.54%/yr vs 4.57%/yr for XONE. A 0.53 correlation means they provide meaningful diversification when combined. UTWY charges 0.15%/yr vs 0.03%/yr for XONE.
Performance
UTWY vs. XONE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UTWY achieves a -0.64% return, which is significantly lower than XONE's 1.11% return.
UTWY
- 1D
- -0.35%
- 1M
- 0.54%
- YTD
- -0.64%
- 6M
- -1.78%
- 1Y
- 4.46%
- 3Y*
- -0.54%
- 5Y*
- —
- 10Y*
- —
XONE
- 1D
- -0.02%
- 1M
- 0.24%
- YTD
- 1.11%
- 6M
- 1.47%
- 1Y
- 3.85%
- 3Y*
- 4.57%
- 5Y*
- —
- 10Y*
- —
UTWY vs. XONE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UTWY F/m US Treasury 20 Year Bond ETF | -0.64% | 4.82% | -4.92% | -1.81% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 1.11% | 4.41% | 4.83% | 3.40% |
Correlation
The correlation between UTWY and XONE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2023 | 0.53 |
The correlation between UTWY and XONE has been stable across timeframes, ranging from 0.50 to 0.53 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UTWY vs. XONE — Risk / Return Rank
UTWY
XONE
UTWY vs. XONE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m US Treasury 20 Year Bond ETF (UTWY) 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.
| UTWY | XONE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.51 | ||
| Sortino ratioReturn per unit of downside risk | -16.11 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 3.57 | -2.48 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 24.16 | -23.49 |
| Martin ratioReturn relative to average drawdown | 1.81 | 138.74 | -136.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| UTWY | XONE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 7.06 | -6.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 4.96 | -5.04 |
Drawdowns
UTWY vs. XONE - Drawdown Comparison
The maximum UTWY drawdown since its inception was -18.19%, which is greater than XONE's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for UTWY and XONE.
Loading charts...
Drawdown Indicators
| UTWY | XONE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.19% | -0.40% | -17.79% |
Max Drawdown (1Y)Largest decline over 1 year | -6.70% | -0.16% | -6.54% |
Max Drawdown (3Y)Largest decline over 3 years | -14.98% | -0.28% | -14.70% |
Current DrawdownCurrent decline from peak | -6.03% | -0.02% | -6.01% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -0.04% | -6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 0.03% | +2.44% |
Volatility
UTWY vs. XONE - Volatility Comparison
F/m US Treasury 20 Year Bond ETF (UTWY) has a higher volatility of 2.50% compared to BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) at 0.10%. This indicates that UTWY'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.
Loading charts...
Volatility by Period
| UTWY | XONE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 0.10% | +2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 5.64% | 0.34% | +5.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.10% | 0.55% | +7.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.11% | 0.86% | +10.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.11% | 0.86% | +10.25% |
UTWY vs. XONE - Expense Ratio Comparison
UTWY has a 0.15% 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
UTWY vs. XONE - Dividend Comparison
UTWY's dividend yield for the trailing twelve months is around 4.69%, more than XONE's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
UTWY F/m US Treasury 20 Year Bond ETF | 4.69% | 4.62% | 4.56% | 2.94% | 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
UTWY and XONE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTWY has higher volatility (2.50%) compared to XONE (0.10%). In terms of maximum drawdown, UTWY dropped -18.19% vs XONE's -0.40%.
On 3-year performance, XONE leads with 4.57% vs -0.54% for UTWY. On fees, XONE is cheaper at 0.03% per year. On volatility, XONE has been the lower-risk option at 0.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XONE has performed better with a 4.57% return vs -0.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XONE is cheaper with a 0.03% expense ratio, compared with 0.15% for UTWY.
UTWY has the higher dividend yield at 4.69%, compared with 4.06% for XONE.
UTWY tracks Bloomberg US Treasury Bellwether 20 Year Index, while XONE tracks Bloomberg US Treasury 1 Year Target Duration Index. They also come from different issuers: F/m Investments and BondBloxx. Their fees differ too: 0.15% for UTWY and 0.03% for XONE.
XONE currently has the higher Sharpe Ratio (7.06 vs 0.55), 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.
Find the right allocation for UTWY and XONE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer