XTEN vs. BBBS

Last updated Jun 4, 2026

XTEN (BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF) and BBBS (Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF) are both exchange-traded funds - XTEN is a Government Bonds fund tracking the Bloomberg US Treasury 10 Year Target Duration Index, while BBBS is a Short-Term Bond fund tracking the Bloomberg U.S. Corporate BBB 1-5 Year Index. Both are passively managed. Over the past year, XTEN returned 4.81% vs 4.65% for BBBS. Their correlation of 0.80 suggests significant overlap in exposure. XTEN charges 0.07%/yr vs 0.19%/yr for BBBS.

Performance

XTEN vs. BBBS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) and Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XTEN achieves a -0.54% return, which is significantly lower than BBBS's 0.75% return.

XTEN

• 1D: -0.35%
• 1M: 0.25%
• YTD: -0.54%
• 6M: -1.22%
• 1Y: 4.81%
• 3Y*: 1.73%
• 5Y*: —
• 10Y*: —

BBBS

• 1D: 0.00%
• 1M: 0.26%
• YTD: 0.75%
• 6M: 1.13%
• 1Y: 4.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XTEN vs. BBBS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XTEN BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF	-0.54%	7.37%	0.05%
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF	0.75%	6.67%	4.96%

Correlation

The correlation between XTEN and BBBS is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024	0.80

The correlation between XTEN and BBBS has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.

Return for Risk

XTEN vs. BBBS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XTEN

XTEN Risk / Return Rank: 21
XTEN Sharpe Ratio Rank: 22
XTEN Sortino Ratio Rank: 21
XTEN Omega Ratio Rank: 20
XTEN Calmar Ratio Rank: 21
XTEN Martin Ratio Rank: 21

BBBS

BBBS Risk / Return Rank: 76
BBBS Sharpe Ratio Rank: 76
BBBS Sortino Ratio Rank: 86
BBBS Omega Ratio Rank: 82
BBBS Calmar Ratio Rank: 65
BBBS Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XTEN vs. BBBS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) and Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS). 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.

	XTEN	BBBS	Difference
Sharpe ratio: Return per unit of total volatility	0.75	2.50	-1.75
Sortino ratio: Return per unit of downside risk	1.13	3.91	-2.78
Omega ratio: Gain probability vs. loss probability	1.13	1.50	-0.37
Calmar ratio: Return relative to maximum drawdown	0.89	3.23	-2.34
Martin ratio: Return relative to average drawdown	2.59	13.15	-10.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XTEN vs. BBBS - Sharpe Ratio Comparison

The current XTEN Sharpe Ratio is 0.75, which is lower than the BBBS Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of XTEN and BBBS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XTEN	BBBS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	2.50	-1.75
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	2.36	-2.21

Drawdowns

XTEN vs. BBBS - Drawdown Comparison

The maximum XTEN drawdown since its inception was -13.86%, which is greater than BBBS's maximum drawdown of -1.45%. Use the drawdown chart below to compare losses from any high point for XTEN and BBBS.

Drawdown Indicators

	XTEN	BBBS	Difference
Max Drawdown Largest peak-to-trough decline	-13.86%	-1.45%	-12.41%
Max Drawdown (1Y) Largest decline over 1 year	-5.42%	-1.45%	-3.97%
Max Drawdown (3Y) Largest decline over 3 years	-11.15%	—	—
Current Drawdown Current decline from peak	-3.51%	-0.22%	-3.29%
Average Drawdown Average peak-to-trough decline	-4.03%	-0.28%	-3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	0.35%	+1.51%

Volatility

XTEN vs. BBBS - Volatility Comparison

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) has a higher volatility of 2.05% compared to Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) at 0.49%. This indicates that XTEN's price experiences larger fluctuations and is considered to be riskier than BBBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTEN	BBBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	0.49%	+1.56%
Volatility (6M) Calculated over the trailing 6-month period	4.41%	1.36%	+3.05%
Volatility (1Y) Calculated over the trailing 1-year period	6.41%	1.87%	+4.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.56%	2.24%	+7.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.56%	2.24%	+7.32%

XTEN vs. BBBS - Expense Ratio Comparison

XTEN has a 0.08% expense ratio, which is lower than BBBS's 0.19% 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

XTEN vs. BBBS - Dividend Comparison

XTEN's dividend yield for the trailing twelve months is around 4.40%, less than BBBS's 4.58% yield.

Position	TTM	2025	2024	2023	2022
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF	4.58%	4.55%	4.31%	0.00%	0.00%
XTEN BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF	4.40%	4.05%	4.21%	3.71%	1.04%

Frequently Asked Questions

Can I hold both XTEN and BBBS in my portfolio?

XTEN and BBBS have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XTEN or BBBS?

XTEN has higher volatility (2.05%) compared to BBBS (0.49%). In terms of maximum drawdown, XTEN dropped -13.86% vs BBBS's -1.45%.

Which ETF is better, XTEN or BBBS?

On 1-year performance, XTEN leads with 4.81% vs 4.65% for BBBS. On fees, XTEN is cheaper at 0.07% per year. On volatility, BBBS has been the lower-risk option at 0.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTEN or BBBS?

Over the 1-year period, XTEN has performed better with a 4.81% return vs 4.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTEN or BBBS?

XTEN is cheaper with a 0.07% expense ratio, compared with 0.19% for BBBS.

Which ETF pays a higher dividend yield, XTEN or BBBS?

BBBS has the higher dividend yield at 4.58%, compared with 4.40% for XTEN.

What is the main difference between XTEN and BBBS?

XTEN is categorized as Government Bonds, while BBBS is Short-Term Bond. XTEN tracks Bloomberg US Treasury 10 Year Target Duration Index, while BBBS tracks Bloomberg U.S. Corporate BBB 1-5 Year Index. Their fees differ too: 0.07% for XTEN and 0.19% for BBBS.

Which has better risk-adjusted returns?

BBBS currently has the higher Sharpe Ratio (2.50 vs 0.75), 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.