XHLF vs. SGOV
XHLF (BondBloxx Bloomberg Six Month Target Duration US Treasury ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - XHLF is a Government Bonds fund tracking the Bloomberg US Treasury 6 Month Duration Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 3 years, XHLF returned 4.60%/yr vs 4.70%/yr for SGOV. At a 0.36 correlation, their price movements are largely independent. XHLF charges 0.03%/yr vs 0.09%/yr for SGOV.
Performance
XHLF vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, XHLF achieves a 1.43% return, which is significantly lower than SGOV's 1.57% return.
XHLF
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.43%
- 6M
- 1.69%
- 1Y
- 3.90%
- 3Y*
- 4.60%
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.57%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.70%
- 5Y*
- 3.55%
- 10Y*
- —
XHLF vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 1.43% | 4.21% | 5.04% | 4.90% | 0.89% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.57% | 4.24% | 5.27% | 5.12% | 1.03% |
Correlation
The correlation between XHLF and SGOV is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.36 |
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Return for Risk
XHLF vs. SGOV — Risk / Return Rank
XHLF
SGOV
XHLF vs. SGOV - 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 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.93 | ||
| Sortino ratioReturn per unit of downside risk | -230.08 | ||
| Omega ratioGain probability vs. loss probability | 11.69 | 195.55 | -183.86 |
| Calmar ratioReturn relative to maximum drawdown | 98.28 | 398.20 | -299.91 |
| Martin ratioReturn relative to average drawdown | 666.77 | 4,461.99 | -3,795.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XHLF | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 12.35 | 20.28 | -7.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 14.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 10.62 | 12.48 | -1.86 |
Drawdowns
XHLF vs. SGOV - Drawdown Comparison
The maximum XHLF drawdown since its inception was -0.11%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for XHLF and SGOV.
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Drawdown Indicators
| XHLF | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.11% | -0.03% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -0.01% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -0.06% | -0.01% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -0.00% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.00% | +0.01% |
Volatility
XHLF vs. SGOV - Volatility Comparison
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) has a higher volatility of 0.08% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that XHLF's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XHLF | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 0.05% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.22% | 0.13% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.32% | 0.20% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.42% | 0.24% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.42% | 0.24% | +0.18% |
XHLF vs. SGOV - Expense Ratio Comparison
XHLF has a 0.03% expense ratio, which is lower than SGOV's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XHLF vs. SGOV - Dividend Comparison
XHLF's dividend yield for the trailing twelve months is around 3.85%, which matches SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 3.85% | 3.98% | 4.96% | 4.50% | 0.86% | 0.00% | 0.00% |
Frequently Asked Questions
XHLF and SGOV have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XHLF has higher volatility (0.08%) compared to SGOV (0.05%). In terms of maximum drawdown, XHLF dropped -0.11% vs SGOV's -0.03%.
On 3-year performance, SGOV leads with 4.70% vs 4.60% for XHLF. On fees, XHLF 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, SGOV has performed better with a 4.70% return vs 4.60%. 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 0.09% for SGOV.
XHLF and SGOV have nearly identical dividend yields, around 3.85%.
XHLF is categorized as Government Bonds, while SGOV is Ultrashort Bond. XHLF tracks Bloomberg US Treasury 6 Month Duration Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.03% for XHLF and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs 12.35), 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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