XTRE vs. GOVZ
XTRE (BondBloxx Bloomberg Three Year Target Duration US Treasury ETF) and GOVZ (iShares 25+ Year Treasury STRIPS Bond ETF) are both Government Bonds funds - XTRE tracks the Bloomberg US Treasury 3 Year Target Duration Index while GOVZ tracks the ICE BofA Long US Treasury Principal STRIPS Index. Both are passively managed. Over the past 3 years, XTRE returned 4.09%/yr vs -6.85%/yr for GOVZ. A 0.65 correlation means they provide meaningful diversification when combined. XTRE charges 0.05%/yr vs 0.15%/yr for GOVZ.
Performance
XTRE vs. GOVZ - Performance Comparison
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Returns By Period
In the year-to-date period, XTRE achieves a 0.15% return, which is significantly lower than GOVZ's 3.57% return.
XTRE
- 1D
- 0.24%
- 1M
- 0.42%
- YTD
- 0.15%
- 6M
- 0.25%
- 1Y
- 2.70%
- 3Y*
- 4.09%
- 5Y*
- —
- 10Y*
- —
GOVZ
- 1D
- 2.29%
- 1M
- 6.77%
- YTD
- 3.57%
- 6M
- 1.48%
- 1Y
- 4.27%
- 3Y*
- -6.85%
- 5Y*
- -11.18%
- 10Y*
- —
XTRE vs. GOVZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | 0.15% | 6.05% | 3.05% | 4.44% | -0.00% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 3.57% | -1.81% | -16.24% | 0.90% | -10.92% |
Correlation
The correlation between XTRE and GOVZ is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.65 |
The correlation between XTRE and GOVZ has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.
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Return for Risk
XTRE vs. GOVZ — Risk / Return Rank
XTRE
GOVZ
XTRE vs. GOVZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) and iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ). 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.
| XTRE | GOVZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.06 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 0.30 | +1.47 |
| Martin ratioReturn relative to average drawdown | 4.64 | 0.66 | +3.99 |
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Drawdowns
XTRE vs. GOVZ - Drawdown Comparison
The maximum XTRE drawdown since its inception was -2.89%, smaller than the maximum GOVZ drawdown of -59.65%. Use the drawdown chart below to compare losses from any high point for XTRE and GOVZ.
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Drawdown Indicators
| XTRE | GOVZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.89% | -59.65% | +56.76% |
Max Drawdown (1Y)Largest decline over 1 year | -1.53% | -14.16% | +12.63% |
Max Drawdown (3Y)Largest decline over 3 years | -2.00% | -28.72% | +26.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.63% | — |
Current DrawdownCurrent decline from peak | -0.93% | -54.49% | +53.56% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -40.04% | +39.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 6.51% | -5.93% |
Volatility
XTRE vs. GOVZ - Volatility Comparison
The current volatility for BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) is 0.76%, while iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) has a volatility of 4.06%. This indicates that XTRE experiences smaller price fluctuations and is considered to be less risky than GOVZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTRE | GOVZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 4.06% | -3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 1.60% | 10.91% | -9.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 15.89% | -13.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.31% | 23.88% | -20.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 23.29% | -19.98% |
XTRE vs. GOVZ - Expense Ratio Comparison
XTRE has a 0.05% expense ratio, which is lower than GOVZ's 0.15% 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
XTRE vs. GOVZ - Dividend Comparison
XTRE's dividend yield for the trailing twelve months is around 4.00%, less than GOVZ's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 4.95% | 5.00% | 4.68% | 3.84% | 3.69% | 1.76% | 0.39% |
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | 4.00% | 3.85% | 4.19% | 3.97% | 1.16% | 0.00% | 0.00% |
Frequently Asked Questions
XTRE and GOVZ have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOVZ has higher volatility (4.06%) compared to XTRE (0.76%). In terms of maximum drawdown, XTRE dropped -2.89% vs GOVZ's -59.65%.
On 3-year performance, XTRE leads with 4.09% vs -6.85% for GOVZ. On fees, XTRE is cheaper at 0.05% per year. On volatility, XTRE has been the lower-risk option at 0.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XTRE has performed better with a 4.09% return vs -6.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTRE is cheaper with a 0.05% expense ratio, compared with 0.15% for GOVZ.
GOVZ has the higher dividend yield at 4.95%, compared with 4.00% for XTRE.
XTRE tracks Bloomberg US Treasury 3 Year Target Duration Index, while GOVZ tracks ICE BofA Long US Treasury Principal STRIPS Index. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.05% for XTRE and 0.15% for GOVZ.
XTRE currently has the higher Sharpe Ratio (1.26 vs 0.27), 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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