XONE vs. VGSH
Compare and contrast key facts about Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) and Vanguard Short-Term Treasury ETF (VGSH).
XONE and VGSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XONE is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg US Treasury 1 Year Duration Index - Benchmark TR Gross. It was launched on Sep 13, 2022. VGSH is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-3 Year Government Float Adjusted Index. It was launched on Nov 19, 2009. Both XONE and VGSH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XONE or VGSH.
Key characteristics
| XONE | VGSH | |
|---|---|---|
| YTD Return | 4.10% | 3.40% |
| 1Y Return | 5.39% | 5.47% |
| Sharpe Ratio | 6.63 | 2.80 |
| Sortino Ratio | 13.18 | 4.55 |
| Omega Ratio | 3.27 | 1.60 |
| Calmar Ratio | 18.87 | 2.19 |
| Martin Ratio | 78.88 | 15.72 |
| Ulcer Index | 0.07% | 0.34% |
| Daily Std Dev | 0.81% | 1.91% |
| Max Drawdown | -0.40% | -5.70% |
| Current Drawdown | 0.00% | -0.80% |
Correlation
The correlation between XONE and VGSH is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XONE vs. VGSH - Performance Comparison
In the year-to-date period, XONE achieves a 4.10% return, which is significantly higher than VGSH's 3.40% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XONE vs. VGSH - Expense Ratio Comparison
XONE has a 0.03% expense ratio, which is lower than VGSH's 0.04% 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%.
Risk-Adjusted Performance
XONE vs. VGSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) and Vanguard Short-Term Treasury ETF (VGSH). 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.
Dividends
XONE vs. VGSH - Dividend Comparison
XONE's dividend yield for the trailing twelve months is around 5.34%, more than VGSH's 4.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XONE Bondbloxx Bloomberg One Year Target Duration US Treasury ETF | 5.34% | 4.46% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGSH Vanguard Short-Term Treasury ETF | 4.15% | 3.32% | 1.15% | 0.66% | 1.75% | 2.28% | 1.79% | 1.10% | 0.84% | 0.71% | 0.46% | 0.34% |
Drawdowns
XONE vs. VGSH - Drawdown Comparison
The maximum XONE drawdown since its inception was -0.40%, smaller than the maximum VGSH drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for XONE and VGSH. For additional features, visit the drawdowns tool.
Volatility
XONE vs. VGSH - Volatility Comparison
The current volatility for Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) is 0.12%, while Vanguard Short-Term Treasury ETF (VGSH) has a volatility of 0.38%. This indicates that XONE experiences smaller price fluctuations and is considered to be less risky than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.