XHLF vs. XTRE
XHLF (BondBloxx Bloomberg Six Month Target Duration US Treasury ETF) and XTRE (BondBloxx Bloomberg Three Year Target Duration US Treasury ETF) are both Government Bonds funds from BondBloxx - XHLF tracks the Bloomberg US Treasury 6 Month Duration Index while XTRE tracks the Bloomberg US Treasury 3 Year Target Duration Index. Both are passively managed. Over the past 3 years, XHLF returned 4.62%/yr vs 3.89%/yr for XTRE. At a 0.35 correlation, their price movements are largely independent. XHLF charges 0.03%/yr vs 0.05%/yr for XTRE.
Performance
XHLF vs. XTRE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XHLF achieves a 1.39% return, which is significantly higher than XTRE's -0.06% return.
XHLF
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.39%
- 6M
- 1.71%
- 1Y
- 3.92%
- 3Y*
- 4.62%
- 5Y*
- —
- 10Y*
- —
XTRE
- 1D
- -0.10%
- 1M
- -0.07%
- YTD
- -0.06%
- 6M
- 0.07%
- 1Y
- 3.25%
- 3Y*
- 3.89%
- 5Y*
- —
- 10Y*
- —
XHLF vs. XTRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 1.39% | 4.21% | 5.04% | 4.90% | 0.96% |
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | -0.06% | 6.05% | 3.05% | 4.44% | 0.03% |
Correlation
The correlation between XHLF and XTRE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022 | 0.35 |
Over the past year, the correlation between XHLF and XTRE has dropped to 0.14 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
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. XTRE — Risk / Return Rank
XHLF
XTRE
XHLF vs. XTRE - 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 Three Year Target Duration US Treasury ETF (XTRE). 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 | XTRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +10.91 | ||
| Sortino ratioReturn per unit of downside risk | +43.48 | ||
| Omega ratioGain probability vs. loss probability | 11.75 | 1.28 | +10.47 |
| Calmar ratioReturn relative to maximum drawdown | 98.81 | 2.14 | +96.67 |
| Martin ratioReturn relative to average drawdown | 670.31 | 6.25 | +664.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XHLF | XTRE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 12.43 | 1.52 | +10.91 |
Sharpe Ratio (All Time)Calculated using the full available price history | 10.75 | 1.10 | +9.65 |
Drawdowns
XHLF vs. XTRE - Drawdown Comparison
The maximum XHLF drawdown since its inception was -0.11%, smaller than the maximum XTRE drawdown of -2.89%. Use the drawdown chart below to compare losses from any high point for XHLF and XTRE.
Loading charts...
Drawdown Indicators
| XHLF | XTRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.11% | -2.89% | +2.78% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -1.53% | +1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -0.06% | -2.00% | +1.94% |
Current DrawdownCurrent decline from peak | 0.00% | -1.13% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -0.83% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.52% | -0.51% |
Volatility
XHLF vs. XTRE - Volatility Comparison
The current volatility for BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) is 0.08%, while BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) has a volatility of 0.63%. This indicates that XHLF experiences smaller price fluctuations and is considered to be less risky than XTRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XHLF | XTRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 0.63% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 0.22% | 1.49% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.32% | 2.15% | -1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.42% | 3.32% | -2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.42% | 3.32% | -2.90% |
XHLF vs. XTRE - Expense Ratio Comparison
XHLF has a 0.03% expense ratio, which is lower than XTRE's 0.05% 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. XTRE - Dividend Comparison
XHLF's dividend yield for the trailing twelve months is around 3.85%, less than XTRE's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 3.85% | 3.98% | 4.96% | 4.50% | 0.86% |
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | 4.01% | 3.85% | 4.19% | 3.97% | 1.16% |
Frequently Asked Questions
XHLF and XTRE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XTRE has higher volatility (0.63%) compared to XHLF (0.08%). In terms of maximum drawdown, XHLF dropped -0.11% vs XTRE's -2.89%.
On 3-year performance, XHLF leads with 4.62% vs 3.89% for XTRE. On fees, XHLF is cheaper at 0.03% per year. On volatility, XHLF has been the lower-risk option at 0.08%. 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 4.62% return vs 3.89%. 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 0.05% for XTRE.
XTRE has the higher dividend yield at 4.01%, compared with 3.85% for XHLF.
XHLF tracks Bloomberg US Treasury 6 Month Duration Index, while XTRE tracks Bloomberg US Treasury 3 Year Target Duration Index. Their fees differ too: 0.03% for XHLF and 0.05% for XTRE.
XHLF currently has the higher Sharpe Ratio (12.43 vs 1.52), 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.
Find the right allocation for XHLF and XTRE
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