XHYD vs. XONE
XHYD (BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF) and XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) are both exchange-traded funds - XHYD is a High Yield Bonds fund tracking the ICE Diversified US Cash Pay High Yield Consumer Non-Cyclical, while XONE is a Government Bonds fund tracking the Bloomberg US Treasury 1 Year Target Duration Index. Both are passively managed. Over the past 3 years, XHYD returned 7.51%/yr vs 4.55%/yr for XONE. At a 0.28 correlation, their price movements are largely independent. XHYD charges 0.35%/yr vs 0.03%/yr for XONE.
Performance
XHYD vs. XONE - Performance Comparison
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Returns By Period
In the year-to-date period, XHYD achieves a 0.44% return, which is significantly lower than XONE's 1.16% return.
XHYD
- 1D
- 0.00%
- 1M
- -0.60%
- YTD
- 0.44%
- 6M
- 0.86%
- 1Y
- 5.28%
- 3Y*
- 7.51%
- 5Y*
- —
- 10Y*
- —
XONE
- 1D
- 0.04%
- 1M
- 0.23%
- YTD
- 1.16%
- 6M
- 1.52%
- 1Y
- 3.81%
- 3Y*
- 4.55%
- 5Y*
- —
- 10Y*
- —
XHYD vs. XONE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XHYD BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF | 0.44% | 8.33% | 6.29% | 11.75% | 1.64% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 1.16% | 4.41% | 4.83% | 4.74% | 0.60% |
Correlation
The correlation between XHYD and XONE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022 | 0.28 |
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Return for Risk
XHYD vs. XONE — Risk / Return Rank
XHYD
XONE
XHYD vs. XONE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF (XHYD) 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.
| XHYD | XONE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.48 | ||
| Sortino ratioReturn per unit of downside risk | -14.58 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 3.55 | -2.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 23.89 | -21.54 |
| Martin ratioReturn relative to average drawdown | 10.53 | 138.39 | -127.86 |
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
| XHYD | XONE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 7.03 | -5.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 4.97 | -4.30 |
Drawdowns
XHYD vs. XONE - Drawdown Comparison
The maximum XHYD drawdown since its inception was -11.02%, which is greater than XONE's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for XHYD and XONE.
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Drawdown Indicators
| XHYD | XONE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.02% | -0.40% | -10.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -0.16% | -2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -3.70% | -0.28% | -3.42% |
Current DrawdownCurrent decline from peak | -1.08% | 0.00% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -0.04% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.03% | +0.53% |
Volatility
XHYD vs. XONE - Volatility Comparison
BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF (XHYD) has a higher volatility of 1.83% compared to BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) at 0.09%. This indicates that XHYD's price experiences larger fluctuations and is considered to be riskier 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
| XHYD | XONE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 0.09% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 0.34% | +2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 0.55% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 0.86% | +6.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.15% | 0.86% | +6.29% |
XHYD vs. XONE - Expense Ratio Comparison
XHYD has a 0.35% expense ratio, which is higher than XONE's 0.03% expense ratio.
Dividends
XHYD vs. XONE - Dividend Comparison
XHYD's dividend yield for the trailing twelve months is around 5.31%, more than XONE's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XHYD BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF | 5.31% | 5.83% | 6.32% | 5.80% | 5.01% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 4.06% | 4.33% | 5.21% | 4.46% | 1.17% |
Frequently Asked Questions
XHYD and XONE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XHYD has higher volatility (1.83%) compared to XONE (0.09%). In terms of maximum drawdown, XHYD dropped -11.02% vs XONE's -0.40%.
On 3-year performance, XHYD leads with 7.51% vs 4.55% for XONE. On fees, XONE is cheaper at 0.03% per year. On volatility, XONE has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XHYD has performed better with a 7.51% return vs 4.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XONE is cheaper with a 0.03% expense ratio, compared with 0.35% for XHYD.
XHYD has the higher dividend yield at 5.31%, compared with 4.06% for XONE.
XHYD is categorized as High Yield Bonds, while XONE is Government Bonds. XHYD tracks ICE Diversified US Cash Pay High Yield Consumer Non-Cyclical, while XONE tracks Bloomberg US Treasury 1 Year Target Duration Index. Their fees differ too: 0.35% for XHYD and 0.03% for XONE.
XONE currently has the higher Sharpe Ratio (7.03 vs 1.55), 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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