XHLF vs. XONE
XHLF (BondBloxx Bloomberg Six Month Target Duration US Treasury ETF) and XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) are both Government Bonds funds from BondBloxx - XHLF tracks the Bloomberg US Treasury 6 Month Duration Index while XONE tracks the Bloomberg US Treasury 1 Year Target Duration Index. Both are passively managed. Over the past 3 years, XHLF returned 4.57%/yr vs 4.51%/yr for XONE. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.03% expense ratio.
Performance
XHLF vs. XONE - Performance Comparison
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Returns By Period
In the year-to-date period, XHLF achieves a 1.51% return, which is significantly higher than XONE's 1.16% return.
XHLF
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 1.51%
- 6M
- 1.61%
- 1Y
- 3.81%
- 3Y*
- 4.57%
- 5Y*
- —
- 10Y*
- —
XONE
- 1D
- -0.03%
- 1M
- 0.13%
- YTD
- 1.16%
- 6M
- 1.27%
- 1Y
- 3.62%
- 3Y*
- 4.51%
- 5Y*
- —
- 10Y*
- —
XHLF vs. XONE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 1.51% | 4.21% | 5.04% | 4.90% | 0.89% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 1.16% | 4.41% | 4.83% | 4.74% | 0.57% |
Correlation
The correlation between XHLF and XONE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.49 |
The correlation between XHLF and XONE shifts across timeframes, from 0.38 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XHLF vs. XONE — Risk / Return Rank
XHLF
XONE
XHLF vs. XONE - 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 BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE). 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 | XONE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.51 | ||
| Sortino ratioReturn per unit of downside risk | +29.60 | ||
| Omega ratioGain probability vs. loss probability | 10.92 | 3.21 | +7.71 |
| Calmar ratioReturn relative to maximum drawdown | 96.20 | 22.71 | +73.49 |
| Martin ratioReturn relative to average drawdown | 638.15 | 121.24 | +516.90 |
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Drawdowns
XHLF vs. XONE - Drawdown Comparison
The maximum XHLF drawdown since its inception was -0.11%, smaller than the maximum XONE drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for XHLF and XONE.
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Drawdown Indicators
| XHLF | XONE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.11% | -0.40% | +0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -0.16% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -0.06% | -0.28% | +0.22% |
Current DrawdownCurrent decline from peak | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -0.05% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.03% | -0.02% |
Volatility
XHLF vs. XONE - Volatility Comparison
The current volatility for BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) is 0.09%, while BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) has a volatility of 0.18%. This indicates that XHLF experiences smaller price fluctuations and is considered to be less risky than XONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XHLF | XONE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 0.18% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 0.22% | 0.37% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.32% | 0.56% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.42% | 0.86% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.42% | 0.86% | -0.44% |
XHLF vs. XONE - Expense Ratio Comparison
Both XHLF and XONE have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XHLF vs. XONE - Dividend Comparison
XHLF's dividend yield for the trailing twelve months is around 3.84%, less than XONE's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 3.84% | 3.98% | 4.96% | 4.50% | 0.86% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 4.06% | 4.33% | 5.21% | 4.46% | 1.17% |
Frequently Asked Questions
XHLF and XONE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XONE has higher volatility (0.18%) compared to XHLF (0.09%). In terms of maximum drawdown, XHLF dropped -0.11% vs XONE's -0.40%.
On 3-year performance, XHLF leads with 4.57% vs 4.51% for XONE. Both ETFs have the same 0.03% expense ratio. 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, XHLF has performed better with a 4.57% return vs 4.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XHLF and XONE have the same expense ratio: 0.03% per year.
XONE has the higher dividend yield at 4.06%, compared with 3.84% for XHLF.
XHLF tracks Bloomberg US Treasury 6 Month Duration Index, while XONE tracks Bloomberg US Treasury 1 Year Target Duration Index.
XHLF currently has the higher Sharpe Ratio (12.03 vs 6.52), 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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