XONE vs. BFIX

Last updated Jun 23, 2026

XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) and BFIX (Build Bond Innovation ETF) are both exchange-traded funds - XONE is a Government Bonds fund tracking the Bloomberg US Treasury 1 Year Target Duration Index, while BFIX is a Intermediate Core Bond fund actively managed by Build. XONE is passively managed, while BFIX is actively managed. Over the past 3 years, XONE returned 4.51%/yr vs 7.43%/yr for BFIX. At a 0.36 correlation, their price movements are largely independent. XONE charges 0.03%/yr vs 0.45%/yr for BFIX.

Performance

XONE vs. BFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) and Build Bond Innovation ETF (BFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XONE achieves a 1.16% return, which is significantly higher than BFIX's 0.79% return.

XONE

• 1D: -0.03%
• 1M: 0.13%
• YTD: 1.16%
• 6M: 1.27%
• 1Y: 3.62%
• 3Y*: 4.51%
• 5Y*: —
• 10Y*: —

BFIX

• 1D: -0.06%
• 1M: -0.33%
• YTD: 0.79%
• 6M: 0.46%
• 1Y: 3.99%
• 3Y*: 7.43%
• 5Y*: —
• 10Y*: —

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

XONE vs. BFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF	1.16%	4.41%	4.83%	4.74%	0.57%
BFIX Build Bond Innovation ETF	0.79%	5.91%	12.95%	4.97%	0.12%

Correlation

The correlation between XONE and BFIX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022	0.36

Return for Risk

XONE vs. BFIX — Risk / Return Rank

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

XONE

XONE Risk / Return Rank: 99
XONE Sharpe Ratio Rank: 99
XONE Sortino Ratio Rank: 99
XONE Omega Ratio Rank: 99
XONE Calmar Ratio Rank: 99
XONE Martin Ratio Rank: 99

BFIX

BFIX Risk / Return Rank: 53
BFIX Sharpe Ratio Rank: 41
BFIX Sortino Ratio Rank: 43
BFIX Omega Ratio Rank: 42
BFIX Calmar Ratio Rank: 83
BFIX Martin Ratio Rank: 57

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.

XONE vs. BFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) and Build Bond Innovation ETF (BFIX). 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.

	XONE	BFIX	Difference
Sharpe ratio: Return per unit of total volatility	6.52	1.40	+5.12
Sortino ratio: Return per unit of downside risk	13.86	2.13	+11.73
Omega ratio: Gain probability vs. loss probability	3.21	1.27	+1.94
Calmar ratio: Return relative to maximum drawdown	22.71	4.25	+18.46
Martin ratio: Return relative to average drawdown	121.24	9.60	+111.64

XONE vs. BFIX - Sharpe Ratio Comparison

The current XONE Sharpe Ratio is 6.52, which is higher than the BFIX Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of XONE and BFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XONE vs. BFIX - Drawdown Comparison

The maximum XONE drawdown since its inception was -0.40%, smaller than the maximum BFIX drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for XONE and BFIX.

Drawdown Indicators

	XONE	BFIX	Difference
Max Drawdown Largest peak-to-trough decline	-0.40%	-8.54%	+8.14%
Max Drawdown (1Y) Largest decline over 1 year	-0.16%	-0.94%	+0.78%
Max Drawdown (3Y) Largest decline over 3 years	-0.28%	-4.05%	+3.77%
Current Drawdown Current decline from peak	-0.10%	-0.87%	+0.77%
Average Drawdown Average peak-to-trough decline	-0.05%	-2.99%	+2.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	0.42%	-0.39%

Volatility

XONE vs. BFIX - Volatility Comparison

The current volatility for BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) is 0.18%, while Build Bond Innovation ETF (BFIX) has a volatility of 0.62%. This indicates that XONE experiences smaller price fluctuations and is considered to be less risky than BFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XONE	BFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.18%	0.62%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	0.37%	1.72%	-1.35%
Volatility (1Y) Calculated over the trailing 1-year period	0.56%	2.86%	-2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.86%	4.76%	-3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.86%	4.76%	-3.90%

XONE vs. BFIX - Expense Ratio Comparison

XONE has a 0.03% expense ratio, which is lower than BFIX's 0.45% expense ratio.

Dividends

XONE vs. BFIX - Dividend Comparison

XONE's dividend yield for the trailing twelve months is around 4.06%, more than BFIX's 3.54% yield.

Position	TTM	2025	2024	2023	2022
BFIX Build Bond Innovation ETF	3.54%	3.73%	4.38%	4.30%	1.58%
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF	4.06%	4.33%	5.21%	4.46%	1.17%

Frequently Asked Questions

Can I hold both XONE and BFIX in my portfolio?

XONE and BFIX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XONE or BFIX?

BFIX has higher volatility (0.62%) compared to XONE (0.18%). In terms of maximum drawdown, XONE dropped -0.40% vs BFIX's -8.54%.

Which ETF is better, XONE or BFIX?

On 3-year performance, BFIX leads with 7.43% vs 4.51% for XONE. On fees, XONE is cheaper at 0.03% per year. On volatility, XONE has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XONE or BFIX?

Over the 3-year period, BFIX has performed better with a 7.43% return vs 4.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XONE or BFIX?

XONE is cheaper with a 0.03% expense ratio, compared with 0.45% for BFIX.

Which ETF pays a higher dividend yield, XONE or BFIX?

XONE has the higher dividend yield at 4.06%, compared with 3.54% for BFIX.

What is the main difference between XONE and BFIX?

XONE is categorized as Government Bonds, while BFIX is Intermediate Core Bond. They also come from different issuers: BondBloxx and Build. Their fees differ too: 0.03% for XONE and 0.45% for BFIX.

Which has better risk-adjusted returns?

XONE currently has the higher Sharpe Ratio (6.52 vs 1.40), 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.