XHLF vs. VGUS

Last updated Apr 1, 2026

Compare and contrast key facts about BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) and Vanguard Ultra-Short Treasury ETF (VGUS).

XHLF and VGUS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHLF is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg US Treasury 6 Month Duration Index. It was launched on Sep 13, 2022. VGUS is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Short Treasury Index. It was launched on Feb 7, 2025. Both XHLF and VGUS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XHLF vs. VGUS - 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 Vanguard Ultra-Short Treasury ETF (VGUS). The values are adjusted to include any dividend payments, if applicable.

XHLF vs. VGUS - Yearly Performance Comparison

	2026 (YTD)	2025
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	0.77%	3.79%
VGUS Vanguard Ultra-Short Treasury ETF	0.81%	3.77%

Returns By Period

In the year-to-date period, XHLF achieves a 0.77% return, which is significantly lower than VGUS's 0.81% return.

XHLF

• 1D: 0.01%
• 1M: 0.24%
• YTD: 0.77%
• 6M: 1.77%
• 1Y: 3.95%
• 3Y*: 4.60%
• 5Y*: —
• 10Y*: —

VGUS

• 1D: 0.01%
• 1M: 0.25%
• YTD: 0.81%
• 6M: 1.82%
• 1Y: 4.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XHLF vs. VGUS - Expense Ratio Comparison

XHLF has a 0.03% expense ratio, which is lower than VGUS's 0.07% 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%.

VGUS

Vanguard Ultra-Short Treasury ETF

XHLF

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF

Return for Risk

XHLF vs. VGUS — 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

VGUS

VGUS Risk / Return Rank: 100
VGUS Sharpe Ratio Rank: 100
VGUS Sortino Ratio Rank: 100
VGUS Omega Ratio Rank: 100
VGUS Calmar Ratio Rank: 100
VGUS Martin Ratio Rank: 100

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. VGUS - 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 Vanguard Ultra-Short Treasury ETF (VGUS). 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	VGUS	Difference
Sharpe ratio Return per unit of total volatility	12.10	11.39	+0.71
Sortino ratio Return per unit of downside risk	39.79	31.34	+8.45
Omega ratio Gain probability vs. loss probability	9.68	8.64	+1.04
Calmar ratio Return relative to maximum drawdown	99.49	55.20	+44.29
Martin ratio Return relative to average drawdown	604.66	367.74	+236.92
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. VGUS - Sharpe Ratio Comparison

The current XHLF Sharpe Ratio is 12.10, which is comparable to the VGUS Sharpe Ratio of 11.39. The chart below compares the historical Sharpe Ratios of XHLF and VGUS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XHLF	VGUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	12.10	11.39	+0.71
Sharpe Ratio (All Time) Calculated using the full available price history	10.73	11.78	-1.04

Correlation

The correlation between XHLF and VGUS is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XHLF vs. VGUS - Dividend Comparison

XHLF's dividend yield for the trailing twelve months is around 3.92%, more than VGUS's 3.66% yield.

	TTM	2025	2024	2023	2022
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	3.92%	3.98%	4.96%	4.50%	0.86%
VGUS Vanguard Ultra-Short Treasury ETF	3.66%	3.12%	0.00%	0.00%	0.00%

Drawdowns

XHLF vs. VGUS - Drawdown Comparison

The maximum XHLF drawdown since its inception was -0.11%, which is greater than VGUS's maximum drawdown of -0.07%. Use the drawdown chart below to compare losses from any high point for XHLF and VGUS.

Drawdown Indicators

	XHLF	VGUS	Difference
Max Drawdown Largest peak-to-trough decline	-0.11%	-0.07%	-0.04%
Max Drawdown (1Y) Largest decline over 1 year	-0.04%	-0.07%	+0.03%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	0.00%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.01%	0.00%

Volatility

XHLF vs. VGUS - Volatility Comparison

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) has a higher volatility of 0.09% compared to Vanguard Ultra-Short Treasury ETF (VGUS) at 0.07%. This indicates that XHLF's price experiences larger fluctuations and is considered to be riskier than VGUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XHLF	VGUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.09%	0.07%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	0.21%	0.16%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	0.33%	0.35%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.42%	0.35%	+0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.42%	0.35%	+0.07%