XONE vs. XTRE
XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) and XTRE (BondBloxx Bloomberg Three Year Target Duration US Treasury ETF) are both Government Bonds funds from BondBloxx - XONE tracks the Bloomberg US Treasury 1 Year Target Duration Index while XTRE tracks the Bloomberg US Treasury 3 Year Target Duration Index. Both are passively managed. Over the past 3 years, XONE returned 4.51%/yr vs 3.97%/yr for XTRE. A 0.79 correlation means they provide meaningful diversification when combined. XONE charges 0.03%/yr vs 0.05%/yr for XTRE.
Performance
XONE vs. XTRE - Performance Comparison
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Returns By Period
In the year-to-date period, XONE achieves a 1.16% return, which is significantly higher than XTRE's -0.19% return.
XONE
- 1D
- -0.03%
- 1M
- 0.13%
- YTD
- 1.16%
- 6M
- 1.27%
- 1Y
- 3.62%
- 3Y*
- 4.51%
- 5Y*
- —
- 10Y*
- —
XTRE
- 1D
- -0.17%
- 1M
- 0.09%
- YTD
- -0.19%
- 6M
- -0.09%
- 1Y
- 2.71%
- 3Y*
- 3.97%
- 5Y*
- —
- 10Y*
- —
XONE vs. XTRE - 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% |
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | -0.19% | 6.05% | 3.05% | 4.44% | -0.00% |
Correlation
The correlation between XONE and XTRE is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.79 |
The correlation between XONE and XTRE has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.
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Return for Risk
XONE vs. XTRE — Risk / Return Rank
XONE
XTRE
XONE vs. XTRE - 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 BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE). 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 | XTRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.26 | ||
| Sortino ratioReturn per unit of downside risk | +11.93 | ||
| Omega ratioGain probability vs. loss probability | 3.21 | 1.23 | +1.98 |
| Calmar ratioReturn relative to maximum drawdown | 22.71 | 1.78 | +20.93 |
| Martin ratioReturn relative to average drawdown | 121.24 | 4.71 | +116.53 |
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Drawdowns
XONE vs. XTRE - Drawdown Comparison
The maximum XONE drawdown since its inception was -0.40%, smaller than the maximum XTRE drawdown of -2.89%. Use the drawdown chart below to compare losses from any high point for XONE and XTRE.
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Drawdown Indicators
| XONE | XTRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.40% | -2.89% | +2.49% |
Max Drawdown (1Y)Largest decline over 1 year | -0.16% | -1.53% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -0.28% | -2.00% | +1.72% |
Current DrawdownCurrent decline from peak | -0.10% | -1.26% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -0.83% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.58% | -0.55% |
Volatility
XONE vs. XTRE - Volatility Comparison
The current volatility for BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) is 0.18%, while BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) has a volatility of 0.72%. This indicates that XONE experiences smaller price fluctuations and is considered to be less risky than XTRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XONE | XTRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 0.72% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 0.37% | 1.59% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.56% | 2.16% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.86% | 3.31% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.86% | 3.31% | -2.45% |
XONE vs. XTRE - Expense Ratio Comparison
XONE has a 0.03% expense ratio, which is lower than XTRE's 0.05% 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. XTRE - Dividend Comparison
XONE's dividend yield for the trailing twelve months is around 4.06%, more than XTRE's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 4.06% | 4.33% | 5.21% | 4.46% | 1.17% |
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | 4.01% | 3.85% | 4.19% | 3.97% | 1.16% |
Frequently Asked Questions
XONE and XTRE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XTRE has higher volatility (0.72%) compared to XONE (0.18%). In terms of maximum drawdown, XONE dropped -0.40% vs XTRE's -2.89%.
On 3-year performance, XONE leads with 4.51% vs 3.97% for XTRE. 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.
Over the 3-year period, XONE has performed better with a 4.51% return vs 3.97%. 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 0.05% for XTRE.
XONE has the higher dividend yield at 4.06%, compared with 4.01% for XTRE.
XONE tracks Bloomberg US Treasury 1 Year Target Duration Index, while XTRE tracks Bloomberg US Treasury 3 Year Target Duration Index. Their fees differ too: 0.03% for XONE and 0.05% for XTRE.
XONE currently has the higher Sharpe Ratio (6.52 vs 1.26), 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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