XHLF vs. BNDD

Last updated Apr 2, 2026

Compare and contrast key facts about BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) and Quadratic Deflation ETF (BNDD).

XHLF and BNDD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BNDD is an actively managed fund by Quadratic. It was launched on Sep 16, 2021.

Performance

XHLF vs. BNDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) and Quadratic Deflation ETF (BNDD). The values are adjusted to include any dividend payments, if applicable.

XHLF vs. BNDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	0.78%	4.21%	5.04%	4.90%	0.96%
BNDD Quadratic Deflation ETF	3.43%	-8.17%	-6.65%	4.02%	-4.60%

Returns By Period

In the year-to-date period, XHLF achieves a 0.78% return, which is significantly lower than BNDD's 3.43% return.

XHLF

• 1D: 0.01%
• 1M: 0.23%
• YTD: 0.78%
• 6M: 1.76%
• 1Y: 3.95%
• 3Y*: 4.61%
• 5Y*: —
• 10Y*: —

BNDD

• 1D: 0.21%
• 1M: -0.46%
• YTD: 3.43%
• 6M: 0.20%
• 1Y: -5.98%
• 3Y*: -4.56%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XHLF vs. BNDD - Expense Ratio Comparison

XHLF has a 0.03% expense ratio, which is lower than BNDD's 1.04% expense ratio.

BNDD

Quadratic Deflation ETF

XHLF

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF

Return for Risk

XHLF vs. BNDD — Risk / Return Rank

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

XHLF

XHLF Risk / Return Rank: 100
XHLF Sharpe Ratio Rank: 100
XHLF Sortino Ratio Rank: 100
XHLF Omega Ratio Rank: 100
XHLF Calmar Ratio Rank: 100
XHLF Martin Ratio Rank: 100

BNDD

BNDD Risk / Return Rank: 5
BNDD Sharpe Ratio Rank: 4
BNDD Sortino Ratio Rank: 4
BNDD Omega Ratio Rank: 4
BNDD Calmar Ratio Rank: 5
BNDD Martin Ratio Rank: 7

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.

XHLF vs. BNDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) and Quadratic Deflation ETF (BNDD). 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.

	XHLF	BNDD	Difference
Sharpe ratio Return per unit of total volatility	12.09	-0.49	+12.58
Sortino ratio Return per unit of downside risk	39.75	-0.58	+40.34
Omega ratio Gain probability vs. loss probability	9.67	0.93	+8.75
Calmar ratio Return relative to maximum drawdown	99.61	-0.45	+100.06
Martin ratio Return relative to average drawdown	605.40	-0.68	+606.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XHLF vs. BNDD - Sharpe Ratio Comparison

The current XHLF Sharpe Ratio is 12.09, which is higher than the BNDD Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of XHLF and BNDD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XHLF	BNDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	12.09	-0.49	+12.58
Sharpe Ratio (All Time) Calculated using the full available price history	10.74	-0.35	+11.09

Correlation

The correlation between XHLF and BNDD is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

XHLF vs. BNDD - Dividend Comparison

XHLF's dividend yield for the trailing twelve months is around 3.88%, more than BNDD's 3.63% yield.

	TTM	2025	2024	2023	2022	2021
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	3.88%	3.98%	4.96%	4.50%	0.86%	0.00%
BNDD Quadratic Deflation ETF	3.63%	3.82%	3.85%	4.30%	43.17%	1.04%

Drawdowns

XHLF vs. BNDD - Drawdown Comparison

The maximum XHLF drawdown since its inception was -0.11%, smaller than the maximum BNDD drawdown of -30.87%. Use the drawdown chart below to compare losses from any high point for XHLF and BNDD.

Drawdown Indicators

	XHLF	BNDD	Difference
Max Drawdown Largest peak-to-trough decline	-0.11%	-30.87%	+30.76%
Max Drawdown (1Y) Largest decline over 1 year	-0.04%	-10.93%	+10.89%
Current Drawdown Current decline from peak	0.00%	-27.13%	+27.13%
Average Drawdown Average peak-to-trough decline	0.00%	-19.04%	+19.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	7.27%	-7.26%

Volatility

XHLF vs. BNDD - Volatility Comparison

The current volatility for BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) is 0.09%, while Quadratic Deflation ETF (BNDD) has a volatility of 3.47%. This indicates that XHLF experiences smaller price fluctuations and is considered to be less risky than BNDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XHLF	BNDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.09%	3.47%	-3.38%
Volatility (6M) Calculated over the trailing 6-month period	0.21%	8.07%	-7.86%
Volatility (1Y) Calculated over the trailing 1-year period	0.33%	12.39%	-12.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.42%	13.55%	-13.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.42%	13.55%	-13.13%