XHLF vs. GSG
XHLF (BondBloxx Bloomberg Six Month Target Duration US Treasury ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - XHLF is a Government Bonds fund tracking the Bloomberg US Treasury 6 Month Duration Index, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. Both are passively managed. Over the past 3 years, XHLF returned 4.56%/yr vs 15.01%/yr for GSG. At a correlation of -0.12, they often move in opposite directions. XHLF charges 0.03%/yr vs 0.75%/yr for GSG.
Performance
XHLF vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, XHLF achieves a 1.76% return, which is significantly lower than GSG's 34.43% return.
XHLF
- 1D
- 0.02%
- 1M
- 0.26%
- 6M
- 1.66%
- YTD
- 1.76%
- 1Y
- 3.81%
- 3Y*
- 4.56%
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- 1.57%
- 1M
- 1.37%
- 6M
- 28.74%
- YTD
- 34.43%
- 1Y
- 38.08%
- 3Y*
- 15.01%
- 5Y*
- 14.34%
- 10Y*
- 7.57%
XHLF vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 1.76% | 4.21% | 5.04% | 4.90% | 0.89% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 34.43% | 5.93% | 8.52% | -5.51% | -4.20% |
Correlation
The correlation between XHLF and GSG is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | -0.12 |
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Return for Risk
XHLF vs. GSG — Risk / Return Rank
XHLF
GSG
XHLF vs. GSG - 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 iShares S&P GSCI Commodity-Indexed Trust (GSG). 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.
| XHLF | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +10.31 | ||
| Sortino ratioReturn per unit of downside risk | +41.15 | ||
| Omega ratioGain probability vs. loss probability | 10.90 | 1.29 | +9.61 |
| Calmar ratioReturn relative to maximum drawdown | 96.04 | 2.03 | +94.01 |
| Martin ratioReturn relative to average drawdown | 637.08 | 6.88 | +630.20 |
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Drawdowns
XHLF vs. GSG - Drawdown Comparison
The maximum XHLF drawdown since its inception was -0.11%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for XHLF and GSG.
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Drawdown Indicators
| XHLF | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.11% | -89.62% | +89.51% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -18.81% | +18.77% |
Max Drawdown (3Y)Largest decline over 3 years | -0.06% | -18.81% | +18.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | 0.00% | -59.41% | +59.41% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -63.69% | +63.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 5.55% | -5.54% |
Volatility
XHLF vs. GSG - Volatility Comparison
The current volatility for BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) is 0.09%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.37%. This indicates that XHLF experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XHLF | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 7.37% | -7.28% |
Volatility (6M)Calculated over the trailing 6-month period | 0.22% | 21.54% | -21.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.32% | 23.48% | -23.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.42% | 22.80% | -22.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.42% | 22.00% | -21.58% |
XHLF vs. GSG - Expense Ratio Comparison
XHLF has a 0.03% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
XHLF vs. GSG - Dividend Comparison
XHLF's dividend yield for the trailing twelve months is around 3.82%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 3.82% | 3.98% | 4.96% | 4.50% | 0.86% |
Frequently Asked Questions
XHLF and GSG have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.37%) compared to XHLF (0.09%). In terms of maximum drawdown, XHLF dropped -0.11% vs GSG's -89.62%.
On 3-year performance, GSG leads with 15.01% vs 4.56% for XHLF. On fees, XHLF is cheaper at 0.03% per year. On volatility, XHLF has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GSG has performed better with a 15.01% return vs 4.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XHLF is cheaper with a 0.03% expense ratio, compared with 0.75% for GSG.
XHLF has the higher dividend yield at 3.82%, compared with 0.00% for GSG.
XHLF is categorized as Government Bonds, while GSG is Commodities. XHLF tracks Bloomberg US Treasury 6 Month Duration Index, while GSG tracks S&P GSCI Total Return Index. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.03% for XHLF and 0.75% for GSG.
XHLF currently has the higher Sharpe Ratio (11.94 vs 1.63), 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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