XONE vs. GOVZ
XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) and GOVZ (iShares 25+ Year Treasury STRIPS Bond ETF) are both Government Bonds funds - XONE tracks the Bloomberg US Treasury 1 Year Target Duration Index while GOVZ tracks the ICE BofA Long US Treasury Principal STRIPS Index. Both are passively managed. Over the past 3 years, XONE returned 4.52%/yr vs -8.06%/yr for GOVZ. Their 0.42 correlation means their historical movements had little consistent relationship. XONE charges 0.03%/yr vs 0.15%/yr for GOVZ.
Performance
XONE vs. GOVZ - Performance Comparison
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Returns By Period
In the year-to-date period, XONE achieves a 1.59% return, which is significantly higher than GOVZ's -6.93% return.
XONE
- 1D
- 0.00%
- 1M
- 0.19%
- 6M
- 1.33%
- YTD
- 1.59%
- 1Y
- 3.44%
- 3Y*
- 4.52%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.17%
GOVZ
- 1D
- -1.06%
- 1M
- -6.91%
- 6M
- -6.43%
- YTD
- -6.93%
- 1Y
- -7.36%
- 3Y*
- -8.06%
- 5Y*
- -14.32%
- 10Y*
- —
- ALL TIME*
- -14.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.61M | $6.41M | $8.12M | |
| $12.44M | $8.11M | $5.72M |
XONE vs. GOVZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 1.59% | 4.41% | 4.83% | 4.74% | 0.57% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | -6.93% | -1.81% | -16.24% | 0.90% | -10.92% |
Correlation
The correlation between XONE and GOVZ is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.42 |
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Return for Risk
XONE vs. GOVZ — Risk / Return Rank
XONE
GOVZ
XONE vs. GOVZ - 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 iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ). 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 | GOVZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.77 | ||
| Sortino ratioReturn per unit of downside risk | +14.29 | ||
| Omega ratioGain probability vs. loss probability | 3.12 | 0.95 | +2.17 |
| Calmar ratioReturn relative to maximum drawdown | 23.20 | -0.40 | +23.59 |
| Martin ratioReturn relative to average drawdown | 117.89 | -0.81 | +118.70 |
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Drawdowns
XONE vs. GOVZ - Drawdown Comparison
The maximum XONE drawdown since its inception was -0.40%, smaller than the maximum GOVZ drawdown of -59.65%. Use the drawdown chart below to compare losses from any high point for XONE and GOVZ.
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Drawdown Indicators
| XONE | GOVZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.40% | -59.65% | +59.25% |
Max Drawdown (1Y)Largest decline over 1 year | -0.16% | -14.87% | +14.71% |
Max Drawdown (3Y)Largest decline over 3 years | -0.28% | -26.42% | +26.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.63% | — |
Current DrawdownCurrent decline from peak | 0.00% | -59.10% | +59.10% |
Average DrawdownAverage peak-to-trough decline | -0.04% | -40.34% | +40.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 7.27% | -7.24% |
Volatility
XONE vs. GOVZ - Volatility Comparison
The current volatility for BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) is 0.19%, while iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) has a volatility of 4.48%. This indicates that XONE experiences smaller price fluctuations and is considered to be less risky than GOVZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XONE | GOVZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 4.48% | -4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 11.11% | -10.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.58% | 15.58% | -15.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.85% | 23.80% | -22.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.85% | 23.18% | -22.33% |
XONE vs. GOVZ - Expense Ratio Comparison
XONE has a 0.03% expense ratio, which is lower than GOVZ's 0.15% 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
XONE vs. GOVZ - Dividend Comparison
XONE's dividend yield for the trailing twelve months is around 4.01%, less than GOVZ's 5.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 5.06% | 5.00% | 4.68% | 3.84% | 3.69% | 1.76% | 0.39% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 3.64% | 4.33% | 5.21% | 4.46% | 1.17% | 0.00% | 0.00% |
Frequently Asked Questions
XONE and GOVZ 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.
GOVZ has higher volatility (4.48%) compared to XONE (0.19%). In terms of maximum drawdown, XONE dropped -0.40% vs GOVZ's -59.65%.
On 3-year performance, XONE leads with 4.52% vs -8.06% for GOVZ. On fees, XONE is cheaper at 0.03% per year. On volatility, XONE has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XONE has performed better with a 4.52% return vs -8.06%. 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 0.15% for GOVZ.
GOVZ has the higher dividend yield at 5.06%, compared with 3.64% for XONE.
XONE tracks Bloomberg US Treasury 1 Year Target Duration Index, while GOVZ tracks ICE BofA Long US Treasury Principal STRIPS Index. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.03% for XONE and 0.15% for GOVZ.
XONE currently has the higher Sharpe Ratio (6.39 vs -0.38), 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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