XHLF vs. TLTX

Last updated Aug 4, 2026

XHLF (BondBloxx Bloomberg Six Month Target Duration US Treasury ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both Government Bonds funds. XHLF is passively managed, while TLTX is actively managed. Over the past year, XHLF returned 3.75% vs -0.57% for TLTX. Their -0.01 correlation means they have often moved in opposite directions in the past. XHLF charges 0.03%/yr vs 0.29%/yr for TLTX.

Performance

XHLF vs. TLTX - 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 Global X Treasury Bond Enhanced Income ETF (TLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XHLF achieves a 1.99% return, which is significantly higher than TLTX's -3.02% 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%

TLTX

• 1D: 0.10%
• 1M: -3.42%
• 6M: -2.60%
• YTD: -3.02%
• 1Y: -0.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.69%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TLTX Global X Treasury Bond Enhanced Income ETF	$182.44K	$196.39K	$333.12K
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	$12.43M	$15.71M	$17.34M

XHLF vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	1.99%	2.01%
TLTX Global X Treasury Bond Enhanced Income ETF	-3.02%	6.02%

Correlation

The correlation between XHLF and TLTX is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.01
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	-0.01

Return for Risk

XHLF vs. TLTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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

TLTX

TLTX Risk / Return Rank: 9
TLTX Sharpe Ratio Rank: 10
TLTX Sortino Ratio Rank: 9
TLTX Omega Ratio Rank: 9
TLTX Calmar Ratio Rank: 10
TLTX Martin Ratio Rank: 9

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XHLF vs. TLTX - 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 Global X Treasury Bond Enhanced Income ETF (TLTX). 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	TLTX	Difference
Sharpe ratio: Return per unit of total volatility	12.33	-0.06	+12.39
Sortino ratio: Return per unit of downside risk	41.64	-0.02	+41.66
Omega ratio: Gain probability vs. loss probability	10.26	1.00	+9.27
Calmar ratio: Return relative to maximum drawdown	94.58	-0.09	+94.66
Martin ratio: Return relative to average drawdown	614.05	-0.19	+614.23

XHLF vs. TLTX - Sharpe Ratio Comparison

The current XHLF Sharpe Ratio is 12.33, which is higher than the TLTX Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of XHLF and TLTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XHLF vs. TLTX - Drawdown Comparison

The maximum XHLF drawdown since its inception was -0.11%, smaller than the maximum TLTX drawdown of -6.70%. Use the drawdown chart below to compare losses from any high point for XHLF and TLTX.

Drawdown Indicators

	XHLF	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-0.11%	-6.70%	+6.59%
Max Drawdown (1Y) Largest decline over 1 year	-0.04%	-6.70%	+6.66%
Max Drawdown (3Y) Largest decline over 3 years	-0.06%	—	—
Current Drawdown Current decline from peak	0.00%	-6.60%	+6.60%
Average Drawdown Average peak-to-trough decline	0.00%	-2.51%	+2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	3.06%	-3.05%

Volatility

XHLF vs. TLTX - Volatility Comparison

The current volatility for BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) is 0.09%, while Global X Treasury Bond Enhanced Income ETF (TLTX) has a volatility of 2.91%. This indicates that XHLF experiences smaller price fluctuations and is considered to be less risky than TLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XHLF	TLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.09%	2.91%	-2.82%
Volatility (6M) Calculated over the trailing 6-month period	0.22%	7.29%	-7.07%
Volatility (1Y) Calculated over the trailing 1-year period	0.31%	9.46%	-9.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.41%	9.42%	-9.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.41%	9.42%	-9.01%

XHLF vs. TLTX - Expense Ratio Comparison

XHLF has a 0.03% expense ratio, which is lower than TLTX's 0.29% expense ratio.

Dividends

XHLF vs. TLTX - Dividend Comparison

XHLF's dividend yield for the trailing twelve months is around 3.81%, less than TLTX's 19.28% yield.

Position	TTM	2025	2024	2023	2022
TLTX Global X Treasury Bond Enhanced Income ETF	19.28%	7.54%	0.00%	0.00%	0.00%
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	3.81%	3.98%	4.96%	4.50%	0.86%

Frequently Asked Questions

Can I hold both XHLF and TLTX in my portfolio?

XHLF and TLTX have a correlation of -0.01, 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 TLTX?

TLTX has higher volatility (2.91%) compared to XHLF (0.09%). In terms of maximum drawdown, XHLF dropped -0.11% vs TLTX's -6.70%.

Which ETF is better, XHLF or TLTX?

On 1-year performance, XHLF leads with 3.75% vs -0.57% for TLTX. 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.

Which ETF has performed better, XHLF or TLTX?

Over the 1-year period, XHLF has performed better with a 3.75% return vs -0.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XHLF or TLTX?

XHLF is cheaper with a 0.03% expense ratio, compared with 0.29% for TLTX.

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

TLTX has the higher dividend yield at 19.28%, compared with 3.81% for XHLF.

What is the main difference between XHLF and TLTX?

They also come from different issuers: BondBloxx and Global X. Their fees differ too: 0.03% for XHLF and 0.29% for TLTX.

Which has better risk-adjusted returns?

XHLF currently has the higher Sharpe Ratio (12.33 vs -0.06), 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.