XHYH vs. XTWO
XHYH (BondBloxx US High Yield Healthcare Sector ETF) and XTWO (BondBloxx Bloomberg Two Year Target Duration US Treasury ETF) are both exchange-traded funds - XHYH is a High Yield Bonds fund tracking the ICE Diversified US Cash Pay High Yield Healthcare Index, while XTWO is a Government Bonds fund tracking the Bloomberg US Treasury 2 Year Target Duration Index. Both are passively managed. Over the past 3 years, XHYH returned 9.88%/yr vs 4.12%/yr for XTWO. At a 0.35 correlation, their price movements are largely independent. XHYH charges 0.35%/yr vs 0.05%/yr for XTWO.
Performance
XHYH vs. XTWO - Performance Comparison
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Returns By Period
In the year-to-date period, XHYH achieves a 1.24% return, which is significantly higher than XTWO's 0.48% return.
XHYH
- 1D
- 0.00%
- 1M
- -0.35%
- YTD
- 1.24%
- 6M
- 1.15%
- 1Y
- 7.28%
- 3Y*
- 9.88%
- 5Y*
- —
- 10Y*
- —
XTWO
- 1D
- 0.06%
- 1M
- 0.12%
- YTD
- 0.48%
- 6M
- 0.85%
- 1Y
- 3.30%
- 3Y*
- 4.12%
- 5Y*
- —
- 10Y*
- —
XHYH vs. XTWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XHYH BondBloxx US High Yield Healthcare Sector ETF | 1.24% | 10.30% | 9.65% | 12.93% | 1.02% |
XTWO BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 0.48% | 5.17% | 3.92% | 4.27% | 0.17% |
Correlation
The correlation between XHYH and XTWO 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 | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022 | 0.35 |
Over the past year, the correlation between XHYH and XTWO has dropped to 0.14 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
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Return for Risk
XHYH vs. XTWO — Risk / Return Rank
XHYH
XTWO
XHYH vs. XTWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Healthcare Sector ETF (XHYH) and BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO). 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.
| XHYH | XTWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.50 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 3.64 | -0.55 |
| Martin ratioReturn relative to average drawdown | 12.30 | 13.10 | -0.80 |
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
| XHYH | XTWO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.44 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.75 | -1.21 |
Drawdowns
XHYH vs. XTWO - Drawdown Comparison
The maximum XHYH drawdown since its inception was -17.84%, which is greater than XTWO's maximum drawdown of -1.73%. Use the drawdown chart below to compare losses from any high point for XHYH and XTWO.
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Drawdown Indicators
| XHYH | XTWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.84% | -1.73% | -16.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | -0.91% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -5.09% | -1.18% | -3.91% |
Current DrawdownCurrent decline from peak | -0.51% | -0.31% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -0.40% | -4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.25% | +0.41% |
Volatility
XHYH vs. XTWO - Volatility Comparison
BondBloxx US High Yield Healthcare Sector ETF (XHYH) has a higher volatility of 0.87% compared to BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO) at 0.37%. This indicates that XHYH's price experiences larger fluctuations and is considered to be riskier than XTWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XHYH | XTWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 0.37% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 0.95% | +2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 1.37% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.55% | 2.16% | +6.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.55% | 2.16% | +6.39% |
XHYH vs. XTWO - Expense Ratio Comparison
XHYH has a 0.35% expense ratio, which is higher than XTWO's 0.05% expense ratio.
Dividends
XHYH vs. XTWO - Dividend Comparison
XHYH's dividend yield for the trailing twelve months is around 6.58%, more than XTWO's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XHYH BondBloxx US High Yield Healthcare Sector ETF | 6.58% | 6.95% | 6.95% | 7.73% | 6.99% |
XTWO BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 4.05% | 4.24% | 4.54% | 4.07% | 1.13% |
Frequently Asked Questions
XHYH and XTWO 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.
XHYH has higher volatility (0.87%) compared to XTWO (0.37%). In terms of maximum drawdown, XHYH dropped -17.84% vs XTWO's -1.73%.
On 3-year performance, XHYH leads with 9.88% vs 4.12% for XTWO. On fees, XTWO is cheaper at 0.05% per year. On volatility, XTWO has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XHYH has performed better with a 9.88% return vs 4.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTWO is cheaper with a 0.05% expense ratio, compared with 0.35% for XHYH.
XHYH has the higher dividend yield at 6.58%, compared with 4.05% for XTWO.
XHYH is categorized as High Yield Bonds, while XTWO is Government Bonds. XHYH tracks ICE Diversified US Cash Pay High Yield Healthcare Index, while XTWO tracks Bloomberg US Treasury 2 Year Target Duration Index. Their fees differ too: 0.35% for XHYH and 0.05% for XTWO.
XTWO currently has the higher Sharpe Ratio (2.44 vs 1.88), 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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