VUSB vs. XONE
VUSB (Vanguard Ultra-Short Bond ETF) and XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) are both exchange-traded funds - VUSB is a Ultrashort Bond fund actively managed by Vanguard, while XONE is a Government Bonds fund tracking the Bloomberg US Treasury 1 Year Target Duration Index. VUSB is actively managed, while XONE is passively managed. Over the past 3 years, VUSB returned 5.25%/yr vs 4.52%/yr for XONE. Their 0.64 correlation means they have sometimes moved together and sometimes differently. VUSB charges 0.10%/yr vs 0.03%/yr for XONE.
Performance
VUSB vs. XONE - Performance Comparison
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Returns By Period
In the year-to-date period, VUSB achieves a 1.96% return, which is significantly higher than XONE's 1.59% return.
VUSB
- 1D
- 0.02%
- 1M
- 0.24%
- 6M
- 1.57%
- YTD
- 1.96%
- 1Y
- 4.09%
- 3Y*
- 5.25%
- 5Y*
- 3.54%
- 10Y*
- —
- ALL TIME*
- 3.37%
XONE
- 1D
- 0.00%
- 1M
- 0.19%
- 6M
- 1.33%
- YTD
- 1.59%
- 1Y
- 3.44%
- 3Y*
- 4.52%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $68.77M | $73.10M | $81.38M | |
| $12.44M | $8.11M | $5.72M |
VUSB vs. XONE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VUSB Vanguard Ultra-Short Bond ETF | 1.96% | 5.20% | 5.68% | 5.52% | 0.79% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 1.59% | 4.41% | 4.83% | 4.74% | 0.57% |
Correlation
The correlation between VUSB and XONE is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.64 |
The correlation between VUSB and XONE has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.
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Return for Risk
VUSB vs. XONE — Risk / Return Rank
VUSB
XONE
VUSB vs. XONE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Ultra-Short Bond ETF (VUSB) 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.
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.
| VUSB | XONE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.99 | ||
| Omega ratioGain probability vs. loss probability | 3.04 | 3.12 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 11.62 | 23.20 | -11.58 |
| Martin ratioReturn relative to average drawdown | 65.56 | 117.89 | -52.33 |
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Drawdowns
VUSB vs. XONE - Drawdown Comparison
The maximum VUSB drawdown since its inception was -1.79%, which is greater than XONE's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for VUSB and XONE.
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Drawdown Indicators
| VUSB | XONE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.79% | -0.40% | -1.39% |
Max Drawdown (1Y)Largest decline over 1 year | -0.37% | -0.16% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -0.46% | -0.28% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -1.79% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -0.04% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.03% | +0.04% |
Volatility
VUSB vs. XONE - Volatility Comparison
The current volatility for Vanguard Ultra-Short Bond ETF (VUSB) is 0.16%, while BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) has a volatility of 0.19%. This indicates that VUSB experiences smaller price fluctuations and is considered to be less risky than XONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUSB | XONE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 0.19% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.57% | 0.41% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.67% | 0.58% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.84% | 0.85% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.82% | 0.85% | -0.03% |
VUSB vs. XONE - Expense Ratio Comparison
VUSB has a 0.10% 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
VUSB vs. XONE - Dividend Comparison
VUSB's dividend yield for the trailing twelve months is around 4.34%, more than XONE's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
VUSB Vanguard Ultra-Short Bond ETF | 3.95% | 4.63% | 5.16% | 4.45% | 1.56% | 0.26% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 3.64% | 4.33% | 5.21% | 4.46% | 1.17% | 0.00% |
Frequently Asked Questions
VUSB and XONE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XONE has higher volatility (0.19%) compared to VUSB (0.16%). In terms of maximum drawdown, VUSB dropped -1.79% vs XONE's -0.40%.
On 3-year performance, VUSB leads with 5.25% vs 4.52% for XONE. On fees, XONE is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VUSB has performed better with a 5.25% return vs 4.52%. 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 0.10% for VUSB.
VUSB has the higher dividend yield at 3.95%, compared with 3.64% for XONE.
VUSB is categorized as Ultrashort Bond, while XONE is Government Bonds. They also come from different issuers: Vanguard and BondBloxx. Their fees differ too: 0.10% for VUSB and 0.03% for XONE.
VUSB currently has the higher Sharpe Ratio (6.39 vs 6.39), 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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