XHLF vs. KMLM
XHLF (BondBloxx Bloomberg Six Month Target Duration US Treasury ETF) and KMLM (KFA Mount Lucas Index Strategy ETF) are both exchange-traded funds - XHLF is a Government Bonds fund tracking the Bloomberg US Treasury 6 Month Duration Index, while KMLM is a Systematic Trend fund tracking the KFA MLM Index. Both are passively managed. Over the past 3 years, XHLF returned 4.54%/yr vs -0.31%/yr for KMLM. Their -0.12 correlation means they have often moved in opposite directions in the past. XHLF charges 0.03%/yr vs 0.90%/yr for KMLM.
Performance
XHLF vs. KMLM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XHLF achieves a 1.99% return, which is significantly lower than KMLM's 10.64% return.
XHLF
- 1D
- 0.03%
- 1M
- 0.27%
- 6M
- 1.72%
- YTD
- 1.99%
- 1Y
- 3.75%
- 3Y*
- 4.54%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.39%
KMLM
- 1D
- -2.05%
- 1M
- 4.67%
- 6M
- 8.67%
- YTD
- 10.64%
- 1Y
- 15.77%
- 3Y*
- -0.31%
- 5Y*
- 5.46%
- 10Y*
- —
- ALL TIME*
- 7.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.28M | $9.90M | $7.93M | |
| $12.43M | $15.71M | $17.34M |
XHLF vs. KMLM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 1.99% | 4.21% | 5.04% | 4.90% | 0.89% |
KMLM KFA Mount Lucas Index Strategy ETF | 10.64% | -2.98% | -1.69% | -5.66% | -6.77% |
Correlation
The correlation between XHLF and KMLM is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.21 |
Correlation (3Y) Balances recent behavior with more history. | -0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | -0.12 |
The correlation between XHLF and KMLM shifts across timeframes, from -0.21 (1 year) to -0.08 (3 years), reflecting how their relationship changes across market environments.
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
XHLF vs. KMLM — Risk / Return Rank
XHLF
KMLM
XHLF vs. KMLM - 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 KFA Mount Lucas Index Strategy ETF (KMLM). 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 | KMLM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +10.97 | ||
| Sortino ratioReturn per unit of downside risk | +39.77 | ||
| Omega ratioGain probability vs. loss probability | 10.26 | 1.25 | +9.02 |
| Calmar ratioReturn relative to maximum drawdown | 94.58 | 1.65 | +92.93 |
| Martin ratioReturn relative to average drawdown | 614.05 | 5.33 | +608.72 |
Loading charts...
Drawdowns
XHLF vs. KMLM - Drawdown Comparison
The maximum XHLF drawdown since its inception was -0.11%, smaller than the maximum KMLM drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for XHLF and KMLM.
Loading charts...
Drawdown Indicators
| XHLF | KMLM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.11% | -27.47% | +27.36% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -9.61% | +9.57% |
Max Drawdown (3Y)Largest decline over 3 years | -0.06% | -22.28% | +22.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.47% | — |
Current DrawdownCurrent decline from peak | 0.00% | -13.73% | +13.73% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -12.79% | +12.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 2.97% | -2.96% |
Volatility
XHLF vs. KMLM - Volatility Comparison
The current volatility for BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) is 0.09%, while KFA Mount Lucas Index Strategy ETF (KMLM) has a volatility of 4.35%. This indicates that XHLF experiences smaller price fluctuations and is considered to be less risky than KMLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XHLF | KMLM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 4.35% | -4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 0.22% | 10.24% | -10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.31% | 11.68% | -11.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.41% | 14.55% | -14.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.41% | 14.68% | -14.27% |
XHLF vs. KMLM - Expense Ratio Comparison
XHLF has a 0.03% expense ratio, which is lower than KMLM's 0.90% expense ratio.
Dividends
XHLF vs. KMLM - Dividend Comparison
XHLF's dividend yield for the trailing twelve months is around 3.81%, less than KMLM's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
KMLM KFA Mount Lucas Index Strategy ETF | 4.54% | 5.02% | 0.82% | 0.00% | 13.22% | 6.94% |
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 3.81% | 3.98% | 4.96% | 4.50% | 0.86% | 0.00% |
Frequently Asked Questions
XHLF and KMLM have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KMLM has higher volatility (4.35%) compared to XHLF (0.09%). In terms of maximum drawdown, XHLF dropped -0.11% vs KMLM's -27.47%.
On 3-year performance, XHLF leads with 4.54% vs -0.31% for KMLM. 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, XHLF has performed better with a 4.54% return vs -0.31%. 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 0.90% for KMLM.
KMLM has the higher dividend yield at 4.54%, compared with 3.81% for XHLF.
XHLF is categorized as Government Bonds, while KMLM is Systematic Trend. XHLF tracks Bloomberg US Treasury 6 Month Duration Index, while KMLM tracks KFA MLM Index. They also come from different issuers: BondBloxx and KraneShares. Their fees differ too: 0.03% for XHLF and 0.90% for KMLM.
XHLF currently has the higher Sharpe Ratio (12.33 vs 1.36), 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 XHLF and KMLM
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