XTEN vs. BIV
Compare and contrast key facts about Bondbloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) and Vanguard Intermediate-Term Bond ETF (BIV).
XTEN and BIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XTEN is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg US Treasury 10 Year Target Duration Index. It was launched on Sep 13, 2022. BIV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5. It was launched on Apr 3, 2007. Both XTEN and BIV 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: XTEN or BIV.
Key characteristics
| XTEN | BIV | |
|---|---|---|
| YTD Return | 4.85% | 5.33% |
| 1Y Return | 11.28% | 11.31% |
| Sharpe Ratio | 1.04 | 1.68 |
| Daily Std Dev | 10.32% | 6.53% |
| Max Drawdown | -13.86% | -18.95% |
| Current Drawdown | -0.96% | -5.43% |
Correlation
The correlation between XTEN and BIV is 0.97, 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
XTEN vs. BIV - Performance Comparison
In the year-to-date period, XTEN achieves a 4.85% return, which is significantly lower than BIV's 5.33% 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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XTEN vs. BIV - Expense Ratio Comparison
XTEN has a 0.08% expense ratio, which is higher than BIV's 0.04% expense ratio. However, 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
XTEN vs. BIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) and Vanguard Intermediate-Term Bond ETF (BIV). 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
XTEN vs. BIV - Dividend Comparison
XTEN's dividend yield for the trailing twelve months is around 3.79%, more than BIV's 3.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XTEN Bondbloxx Bloomberg Ten Year Target Duration US Treasury ETF | 3.79% | 3.71% | 1.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIV Vanguard Intermediate-Term Bond ETF | 3.46% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 2.38% | 3.02% | 3.96% | 4.22% |
Drawdowns
XTEN vs. BIV - Drawdown Comparison
The maximum XTEN drawdown since its inception was -13.86%, smaller than the maximum BIV drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for XTEN and BIV. For additional features, visit the drawdowns tool.
Volatility
XTEN vs. BIV - Volatility Comparison
Bondbloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) has a higher volatility of 2.09% compared to Vanguard Intermediate-Term Bond ETF (BIV) at 1.17%. This indicates that XTEN's price experiences larger fluctuations and is considered to be riskier than BIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.