XONE vs. VGLT
XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) and VGLT (Vanguard Long-Term Treasury ETF) are both Government Bonds funds - XONE tracks the Bloomberg US Treasury 1 Year Target Duration Index while VGLT tracks the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past 3 years, XONE returned 4.52%/yr vs -0.62%/yr for VGLT. Their 0.51 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.03% expense ratio.
Performance
XONE vs. VGLT - 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 VGLT's -3.26% 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%
VGLT
- 1D
- -0.62%
- 1M
- -3.51%
- 6M
- -3.14%
- YTD
- -3.26%
- 1Y
- -1.67%
- 3Y*
- -0.62%
- 5Y*
- -7.07%
- 10Y*
- -1.80%
- ALL TIME*
- 2.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $95.69M | $98.86M | $108.97M | |
| $12.44M | $8.11M | $5.72M |
XONE vs. VGLT - 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% |
VGLT Vanguard Long-Term Treasury ETF | -3.26% | 5.35% | -6.28% | 3.27% | -6.09% |
Correlation
The correlation between XONE and VGLT is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.51 |
The correlation between XONE and VGLT has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.
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Return for Risk
XONE vs. VGLT — Risk / Return Rank
XONE
VGLT
XONE vs. VGLT - 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 Vanguard Long-Term Treasury ETF (VGLT). 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 | VGLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.43 | ||
| Sortino ratioReturn per unit of downside risk | +13.85 | ||
| Omega ratioGain probability vs. loss probability | 3.12 | 1.00 | +2.12 |
| Calmar ratioReturn relative to maximum drawdown | 23.20 | -0.05 | +23.25 |
| Martin ratioReturn relative to average drawdown | 117.89 | -0.12 | +118.01 |
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Drawdowns
XONE vs. VGLT - Drawdown Comparison
The maximum XONE drawdown since its inception was -0.40%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for XONE and VGLT.
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Drawdown Indicators
| XONE | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.40% | -46.18% | +45.78% |
Max Drawdown (1Y)Largest decline over 1 year | -0.16% | -7.03% | +6.87% |
Max Drawdown (3Y)Largest decline over 3 years | -0.28% | -13.38% | +13.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.18% | — |
Current DrawdownCurrent decline from peak | 0.00% | -38.64% | +38.64% |
Average DrawdownAverage peak-to-trough decline | -0.04% | -15.26% | +15.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 3.19% | -3.16% |
Volatility
XONE vs. VGLT - Volatility Comparison
The current volatility for BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) is 0.19%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 2.24%. This indicates that XONE experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XONE | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 2.24% | -2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 6.31% | -5.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.58% | 8.47% | -7.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.85% | 14.45% | -13.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.85% | 13.75% | -12.90% |
XONE vs. VGLT - Expense Ratio Comparison
Both XONE and VGLT have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XONE vs. VGLT - Dividend Comparison
XONE's dividend yield for the trailing twelve months is around 4.01%, less than VGLT's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGLT Vanguard Long-Term Treasury ETF | 4.37% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 3.64% | 4.33% | 5.21% | 4.46% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XONE and VGLT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGLT has higher volatility (2.24%) compared to XONE (0.19%). In terms of maximum drawdown, XONE dropped -0.40% vs VGLT's -46.18%.
On 3-year performance, XONE leads with 4.52% vs -0.62% for VGLT. Both ETFs have the same 0.03% expense ratio. 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 -0.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XONE and VGLT have the same expense ratio: 0.03% per year.
VGLT has the higher dividend yield at 4.37%, compared with 3.64% for XONE.
XONE tracks Bloomberg US Treasury 1 Year Target Duration Index, while VGLT tracks Bloomberg U.S. Long Treasury Index. They also come from different issuers: BondBloxx and Vanguard.
XONE currently has the higher Sharpe Ratio (6.39 vs -0.04), 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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