XONE vs. TLTX
XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both Government Bonds funds. XONE is passively managed, while TLTX is actively managed. At a 0.28 correlation, their price movements are largely independent. XONE charges 0.03%/yr vs 0.29%/yr for TLTX.
Performance
XONE vs. TLTX - Performance Comparison
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Returns By Period
In the year-to-date period, XONE achieves a 1.16% return, which is significantly lower than TLTX's 2.75% return.
XONE
- 1D
- -0.03%
- 1M
- 0.13%
- YTD
- 1.16%
- 6M
- 1.27%
- 1Y
- 3.62%
- 3Y*
- 4.51%
- 5Y*
- —
- 10Y*
- —
TLTX
- 1D
- 0.82%
- 1M
- 3.70%
- YTD
- 2.75%
- 6M
- 2.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XONE vs. TLTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 1.16% | 2.25% |
TLTX Global X Treasury Bond Enhanced Income ETF | 2.75% | 6.02% |
Correlation
The correlation between XONE and TLTX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025 | 0.28 |
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Return for Risk
XONE vs. TLTX — Risk / Return Rank
XONE
TLTX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XONE vs. TLTX - 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 Global X Treasury Bond Enhanced Income ETF (TLTX). 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 | TLTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 3.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 22.71 | — | — |
| Martin ratioReturn relative to average drawdown | 121.24 | — | — |
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Drawdowns
XONE vs. TLTX - Drawdown Comparison
The maximum XONE drawdown since its inception was -0.40%, smaller than the maximum TLTX drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for XONE and TLTX.
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Drawdown Indicators
| XONE | TLTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.40% | -6.35% | +5.95% |
Max Drawdown (1Y)Largest decline over 1 year | -0.16% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.28% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -1.05% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -2.29% | +2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | — | — |
Volatility
XONE vs. TLTX - Volatility Comparison
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Volatility by Period
| XONE | TLTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.37% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.56% | 9.13% | -8.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.86% | 9.13% | -8.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.86% | 9.13% | -8.27% |
XONE vs. TLTX - Expense Ratio Comparison
XONE has a 0.03% expense ratio, which is lower than TLTX's 0.29% expense ratio.
Dividends
XONE vs. TLTX - Dividend Comparison
XONE's dividend yield for the trailing twelve months is around 4.06%, less than TLTX's 16.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TLTX Global X Treasury Bond Enhanced Income ETF | 16.98% | 7.54% | 0.00% | 0.00% | 0.00% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 4.06% | 4.33% | 5.21% | 4.46% | 1.17% |
Frequently Asked Questions
XONE and TLTX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XONE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XONE is cheaper with a 0.03% expense ratio, compared with 0.29% for TLTX.
TLTX has the higher dividend yield at 16.98%, compared with 4.06% for XONE.
They also come from different issuers: BondBloxx and Global X. Their fees differ too: 0.03% for XONE and 0.29% for TLTX.
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