XHLF vs. BUCK

Last updated Jun 4, 2026

XHLF (BondBloxx Bloomberg Six Month Target Duration US Treasury ETF) and BUCK (Simplify Treasury Option Income ETF) are both Government Bonds funds. XHLF is passively managed, while BUCK is actively managed. Over the past 3 years, XHLF returned 4.62%/yr vs 5.27%/yr for BUCK. At a 0.04 correlation, their price movements are largely independent. XHLF charges 0.03%/yr vs 0.35%/yr for BUCK.

Performance

XHLF vs. BUCK - 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 Simplify Treasury Option Income ETF (BUCK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XHLF achieves a 1.39% return, which is significantly lower than BUCK's 1.90% return.

XHLF

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.39%
• 6M: 1.71%
• 1Y: 3.92%
• 3Y*: 4.62%
• 5Y*: —
• 10Y*: —

BUCK

• 1D: 0.02%
• 1M: 0.38%
• YTD: 1.90%
• 6M: 2.09%
• 1Y: 7.95%
• 3Y*: 5.27%
• 5Y*: —
• 10Y*: —

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

XHLF vs. BUCK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	1.39%	4.21%	5.04%	4.90%	0.69%
BUCK Simplify Treasury Option Income ETF	1.90%	4.13%	7.25%	4.63%	0.39%

Correlation

The correlation between XHLF and BUCK is -0.00, 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	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022	0.04

Return for Risk

XHLF vs. BUCK — 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

BUCK

BUCK Risk / Return Rank: 87
BUCK Sharpe Ratio Rank: 77
BUCK Sortino Ratio Rank: 84
BUCK Omega Ratio Rank: 86
BUCK Calmar Ratio Rank: 92
BUCK Martin Ratio Rank: 95

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. BUCK - 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 Simplify Treasury Option Income ETF (BUCK). 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	BUCK	Difference
Sharpe ratio: Return per unit of total volatility	12.43	2.54	+9.89
Sortino ratio: Return per unit of downside risk	45.85	3.83	+42.02
Omega ratio: Gain probability vs. loss probability	11.75	1.54	+10.20
Calmar ratio: Return relative to maximum drawdown	98.81	6.11	+92.70
Martin ratio: Return relative to average drawdown	670.31	32.31	+637.99
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. BUCK - Sharpe Ratio Comparison

The current XHLF Sharpe Ratio is 12.43, which is higher than the BUCK Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of XHLF and BUCK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XHLF	BUCK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	12.43	2.54	+9.89
Sharpe Ratio (All Time) Calculated using the full available price history	10.75	1.47	+9.28

Drawdowns

XHLF vs. BUCK - Drawdown Comparison

The maximum XHLF drawdown since its inception was -0.11%, smaller than the maximum BUCK drawdown of -5.43%. Use the drawdown chart below to compare losses from any high point for XHLF and BUCK.

Drawdown Indicators

	XHLF	BUCK	Difference
Max Drawdown Largest peak-to-trough decline	-0.11%	-5.43%	+5.32%
Max Drawdown (1Y) Largest decline over 1 year	-0.04%	-1.31%	+1.27%
Max Drawdown (3Y) Largest decline over 3 years	-0.06%	-5.43%	+5.37%
Current Drawdown Current decline from peak	0.00%	-0.04%	+0.04%
Average Drawdown Average peak-to-trough decline	-0.00%	-0.49%	+0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.25%	-0.24%

Volatility

XHLF vs. BUCK - Volatility Comparison

The current volatility for BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) is 0.08%, while Simplify Treasury Option Income ETF (BUCK) has a volatility of 0.70%. This indicates that XHLF experiences smaller price fluctuations and is considered to be less risky than BUCK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XHLF	BUCK	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.08%	0.70%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	0.22%	1.53%	-1.31%
Volatility (1Y) Calculated over the trailing 1-year period	0.32%	3.14%	-2.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.42%	3.49%	-3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.42%	3.49%	-3.07%

XHLF vs. BUCK - Expense Ratio Comparison

XHLF has a 0.03% expense ratio, which is lower than BUCK's 0.35% expense ratio.

Dividends

XHLF vs. BUCK - Dividend Comparison

XHLF's dividend yield for the trailing twelve months is around 3.85%, less than BUCK's 7.42% yield.

Position	TTM	2025	2024	2023	2022
BUCK Simplify Treasury Option Income ETF	7.42%	7.59%	8.84%	4.84%	0.59%
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	3.85%	3.98%	4.96%	4.50%	0.86%

Frequently Asked Questions

Can I hold both XHLF and BUCK in my portfolio?

XHLF and BUCK have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XHLF or BUCK?

BUCK has higher volatility (0.70%) compared to XHLF (0.08%). In terms of maximum drawdown, XHLF dropped -0.11% vs BUCK's -5.43%.

Which ETF is better, XHLF or BUCK?

On 3-year performance, BUCK leads with 5.27% vs 4.62% for XHLF. 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.

Which ETF has performed better, XHLF or BUCK?

Over the 3-year period, BUCK has performed better with a 5.27% return vs 4.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XHLF or BUCK?

XHLF is cheaper with a 0.03% expense ratio, compared with 0.35% for BUCK.

Which ETF pays a higher dividend yield, XHLF or BUCK?

BUCK has the higher dividend yield at 7.42%, compared with 3.85% for XHLF.

What is the main difference between XHLF and BUCK?

They also come from different issuers: BondBloxx and Simplify. Their fees differ too: 0.03% for XHLF and 0.35% for BUCK.

Which has better risk-adjusted returns?

XHLF currently has the higher Sharpe Ratio (12.43 vs 2.54), 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.