XTRE vs. TLTX
XTRE (BondBloxx Bloomberg Three Year Target Duration US Treasury ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both Government Bonds funds. XTRE is passively managed, while TLTX is actively managed. At a 0.43 correlation, their price movements are largely independent. XTRE charges 0.05%/yr vs 0.29%/yr for TLTX.
Performance
XTRE vs. TLTX - Performance Comparison
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Returns By Period
In the year-to-date period, XTRE achieves a -0.06% return, which is significantly higher than TLTX's -0.36% return.
XTRE
- 1D
- -0.10%
- 1M
- -0.07%
- YTD
- -0.06%
- 6M
- 0.07%
- 1Y
- 3.25%
- 3Y*
- 3.89%
- 5Y*
- —
- 10Y*
- —
TLTX
- 1D
- -0.37%
- 1M
- -0.19%
- YTD
- -0.36%
- 6M
- -1.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTRE vs. TLTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | -0.06% | 2.66% |
TLTX Global X Treasury Bond Enhanced Income ETF | -0.36% | 5.40% |
Correlation
The correlation between XTRE and TLTX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 17, 2025 | 0.43 |
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Return for Risk
XTRE vs. TLTX — Risk / Return Rank
XTRE
TLTX
XTRE vs. TLTX - 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 Global X Treasury Bond Enhanced Income ETF (TLTX). 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.
| XTRE | TLTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | — | — |
| Martin ratioReturn relative to average drawdown | 6.25 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XTRE | TLTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.63 | +0.47 |
Drawdowns
XTRE vs. TLTX - Drawdown Comparison
The maximum XTRE drawdown since its inception was -2.89%, smaller than the maximum TLTX drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for XTRE and TLTX.
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Drawdown Indicators
| XTRE | TLTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.89% | -6.35% | +3.46% |
Max Drawdown (1Y)Largest decline over 1 year | -1.53% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -2.00% | — | — |
Current DrawdownCurrent decline from peak | -1.13% | -4.05% | +2.92% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -2.27% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | — | — |
Volatility
XTRE vs. TLTX - Volatility Comparison
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Volatility by Period
| XTRE | TLTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.49% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.15% | 9.14% | -6.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.32% | 9.14% | -5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.32% | 9.14% | -5.82% |
XTRE vs. TLTX - Expense Ratio Comparison
XTRE has a 0.05% expense ratio, which is lower than TLTX's 0.29% expense ratio.
Dividends
XTRE vs. TLTX - Dividend Comparison
XTRE's dividend yield for the trailing twelve months is around 4.01%, less than TLTX's 15.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TLTX Global X Treasury Bond Enhanced Income ETF | 15.79% | 7.54% | 0.00% | 0.00% | 0.00% |
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | 4.01% | 3.85% | 4.19% | 3.97% | 1.16% |
Frequently Asked Questions
XTRE and TLTX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTRE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTRE is cheaper with a 0.05% expense ratio, compared with 0.29% for TLTX.
TLTX has the higher dividend yield at 15.79%, compared with 4.01% for XTRE.
They also come from different issuers: BondBloxx and Global X. Their fees differ too: 0.05% for XTRE and 0.29% for TLTX.
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