XHYE vs. XHLF

Last updated Jun 5, 2026

XHYE (BondBloxx US High Yield Energy Sector ETF) and XHLF (BondBloxx Bloomberg Six Month Target Duration US Treasury ETF) are both exchange-traded funds - XHYE is a High Yield Bonds fund tracking the ICE Diversified US Cash Pay High Yield Energy Index, while XHLF is a Government Bonds fund tracking the Bloomberg US Treasury 6 Month Duration Index. Both are passively managed. Over the past 3 years, XHYE returned 8.50%/yr vs 4.61%/yr for XHLF. At a 0.07 correlation, their price movements are largely independent. XHYE charges 0.35%/yr vs 0.03%/yr for XHLF.

Performance

XHYE vs. XHLF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx US High Yield Energy Sector ETF (XHYE) and BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XHYE achieves a 3.57% return, which is significantly higher than XHLF's 1.39% return.

XHYE

• 1D: 0.00%
• 1M: -0.19%
• YTD: 3.57%
• 6M: 3.82%
• 1Y: 8.97%
• 3Y*: 8.50%
• 5Y*: —
• 10Y*: —

XHLF

• 1D: 0.00%
• 1M: 0.25%
• YTD: 1.39%
• 6M: 1.69%
• 1Y: 3.92%
• 3Y*: 4.61%
• 5Y*: —
• 10Y*: —

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

XHYE vs. XHLF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XHYE BondBloxx US High Yield Energy Sector ETF	3.57%	6.73%	7.46%	11.49%	1.93%
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	1.39%	4.21%	5.04%	4.90%	0.96%

Correlation

The correlation between XHYE and XHLF is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022	0.07

Return for Risk

XHYE vs. XHLF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XHYE

XHYE Risk / Return Rank: 94
XHYE Sharpe Ratio Rank: 91
XHYE Sortino Ratio Rank: 95
XHYE Omega Ratio Rank: 94
XHYE Calmar Ratio Rank: 95
XHYE Martin Ratio Rank: 94

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

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.

XHYE vs. XHLF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Energy Sector ETF (XHYE) and BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF). 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.

	XHYE	XHLF	Difference
Sharpe ratio: Return per unit of total volatility	3.18	12.43	-9.25
Sortino ratio: Return per unit of downside risk	5.13	45.85	-40.72
Omega ratio: Gain probability vs. loss probability	1.69	11.75	-10.06
Calmar ratio: Return relative to maximum drawdown	8.50	98.81	-90.31
Martin ratio: Return relative to average drawdown	26.98	670.31	-643.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XHYE vs. XHLF - Sharpe Ratio Comparison

The current XHYE Sharpe Ratio is 3.18, which is lower than the XHLF Sharpe Ratio of 12.43. The chart below compares the historical Sharpe Ratios of XHYE and XHLF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XHYE	XHLF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.18	12.43	-9.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	10.74	-9.90

Drawdowns

XHYE vs. XHLF - Drawdown Comparison

The maximum XHYE drawdown since its inception was -8.87%, which is greater than XHLF's maximum drawdown of -0.11%. Use the drawdown chart below to compare losses from any high point for XHYE and XHLF.

Drawdown Indicators

	XHYE	XHLF	Difference
Max Drawdown Largest peak-to-trough decline	-8.87%	-0.11%	-8.76%
Max Drawdown (1Y) Largest decline over 1 year	-1.21%	-0.04%	-1.17%
Max Drawdown (3Y) Largest decline over 3 years	-6.40%	-0.06%	-6.34%
Current Drawdown Current decline from peak	-0.36%	0.00%	-0.36%
Average Drawdown Average peak-to-trough decline	-1.42%	-0.00%	-1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.38%	0.01%	+0.37%

Volatility

XHYE vs. XHLF - Volatility Comparison

BondBloxx US High Yield Energy Sector ETF (XHYE) has a higher volatility of 0.56% compared to BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) at 0.08%. This indicates that XHYE's price experiences larger fluctuations and is considered to be riskier than XHLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XHYE	XHLF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.56%	0.08%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	1.98%	0.22%	+1.76%
Volatility (1Y) Calculated over the trailing 1-year period	3.24%	0.32%	+2.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.60%	0.42%	+7.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.60%	0.42%	+7.18%

XHYE vs. XHLF - Expense Ratio Comparison

XHYE has a 0.35% expense ratio, which is higher than XHLF's 0.03% expense ratio.

Dividends

XHYE vs. XHLF - Dividend Comparison

XHYE's dividend yield for the trailing twelve months is around 5.79%, more than XHLF's 3.85% 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%
XHYE BondBloxx US High Yield Energy Sector ETF	5.79%	6.55%	7.04%	6.46%	5.46%

Frequently Asked Questions

Can I hold both XHYE and XHLF in my portfolio?

XHYE and XHLF have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XHYE or XHLF?

XHYE has higher volatility (0.56%) compared to XHLF (0.08%). In terms of maximum drawdown, XHYE dropped -8.87% vs XHLF's -0.11%.

Which ETF is better, XHYE or XHLF?

On 3-year performance, XHYE leads with 8.50% vs 4.61% for XHLF. 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.

Which ETF has performed better, XHYE or XHLF?

Over the 3-year period, XHYE has performed better with a 8.50% return vs 4.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XHYE or XHLF?

XHLF is cheaper with a 0.03% expense ratio, compared with 0.35% for XHYE.

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

XHYE has the higher dividend yield at 5.79%, compared with 3.85% for XHLF.

What is the main difference between XHYE and XHLF?

XHYE is categorized as High Yield Bonds, while XHLF is Government Bonds. XHYE tracks ICE Diversified US Cash Pay High Yield Energy Index, while XHLF tracks Bloomberg US Treasury 6 Month Duration Index. Their fees differ too: 0.35% for XHYE and 0.03% for XHLF.

Which has better risk-adjusted returns?

XHLF currently has the higher Sharpe Ratio (12.43 vs 3.18), 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.