XTRE vs. VETZ

Last updated Jun 4, 2026

XTRE (BondBloxx Bloomberg Three Year Target Duration US Treasury ETF) and VETZ (Academy Veteran Bond ETF) are both exchange-traded funds - XTRE is a Government Bonds fund tracking the Bloomberg US Treasury 3 Year Target Duration Index, while VETZ is a Mortgage Backed Securities fund actively managed by Academy. XTRE is passively managed, while VETZ is actively managed. Over the past year, XTRE returned 3.25% vs 6.86% for VETZ. A 0.72 correlation means they provide meaningful diversification when combined. XTRE charges 0.05%/yr vs 0.35%/yr for VETZ.

Performance

XTRE vs. VETZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) and Academy Veteran Bond ETF (VETZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XTRE achieves a -0.06% return, which is significantly lower than VETZ's 0.42% return.

XTRE

• 1D: -0.10%
• 1M: -0.07%
• YTD: -0.06%
• 6M: 0.07%
• 1Y: 3.25%
• 3Y*: 3.89%
• 5Y*: —
• 10Y*: —

VETZ

• 1D: -0.20%
• 1M: -0.25%
• YTD: 0.42%
• 6M: 0.83%
• 1Y: 6.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XTRE vs. VETZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF	-0.06%	6.05%	3.05%	3.29%
VETZ Academy Veteran Bond ETF	0.42%	8.02%	2.22%	3.97%

Correlation

The correlation between XTRE and VETZ is 0.67, 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	0.67
Correlation (All Time) Calculated using the full available price history since Aug 3, 2023	0.72

The correlation between XTRE and VETZ has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.

Return for Risk

XTRE vs. VETZ — Risk / Return Rank

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

XTRE

XTRE Risk / Return Rank: 44
XTRE Sharpe Ratio Rank: 44
XTRE Sortino Ratio Rank: 49
XTRE Omega Ratio Rank: 44
XTRE Calmar Ratio Rank: 44
XTRE Martin Ratio Rank: 40

VETZ

VETZ Risk / Return Rank: 46
VETZ Sharpe Ratio Rank: 42
VETZ Sortino Ratio Rank: 43
VETZ Omega Ratio Rank: 40
VETZ Calmar Ratio Rank: 51
VETZ Martin Ratio Rank: 52

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.

XTRE vs. VETZ - 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 Academy Veteran Bond ETF (VETZ). 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	VETZ	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.44	+0.09
Sortino ratio: Return per unit of downside risk	2.37	2.16	+0.21
Omega ratio: Gain probability vs. loss probability	1.28	1.25	+0.02
Calmar ratio: Return relative to maximum drawdown	2.14	2.52	-0.38
Martin ratio: Return relative to average drawdown	6.25	8.75	-2.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XTRE vs. VETZ - Sharpe Ratio Comparison

The current XTRE Sharpe Ratio is 1.52, which is comparable to the VETZ Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of XTRE and VETZ, 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

	XTRE	VETZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	1.44	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.84	+0.26

Drawdowns

XTRE vs. VETZ - Drawdown Comparison

The maximum XTRE drawdown since its inception was -2.89%, smaller than the maximum VETZ drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for XTRE and VETZ.

Drawdown Indicators

	XTRE	VETZ	Difference
Max Drawdown Largest peak-to-trough decline	-2.89%	-5.16%	+2.27%
Max Drawdown (1Y) Largest decline over 1 year	-1.53%	-2.73%	+1.20%
Max Drawdown (3Y) Largest decline over 3 years	-2.00%	—	—
Current Drawdown Current decline from peak	-1.13%	-1.59%	+0.46%
Average Drawdown Average peak-to-trough decline	-0.83%	-1.30%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	0.79%	-0.27%

Volatility

XTRE vs. VETZ - Volatility Comparison

The current volatility for BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) is 0.63%, while Academy Veteran Bond ETF (VETZ) has a volatility of 1.36%. This indicates that XTRE experiences smaller price fluctuations and is considered to be less risky than VETZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTRE	VETZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.63%	1.36%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	1.49%	3.27%	-1.78%
Volatility (1Y) Calculated over the trailing 1-year period	2.15%	4.80%	-2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.32%	6.15%	-2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.32%	6.15%	-2.83%

XTRE vs. VETZ - Expense Ratio Comparison

XTRE has a 0.05% expense ratio, which is lower than VETZ's 0.35% expense ratio.

Dividends

XTRE vs. VETZ - Dividend Comparison

XTRE's dividend yield for the trailing twelve months is around 4.01%, less than VETZ's 6.18% yield.

Position	TTM	2025	2024	2023	2022
VETZ Academy Veteran Bond ETF	6.18%	6.14%	5.89%	1.88%	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

Can I hold both XTRE and VETZ in my portfolio?

XTRE and VETZ have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XTRE or VETZ?

VETZ has higher volatility (1.36%) compared to XTRE (0.63%). In terms of maximum drawdown, XTRE dropped -2.89% vs VETZ's -5.16%.

Which ETF is better, XTRE or VETZ?

On 1-year performance, VETZ leads with 6.86% vs 3.25% for XTRE. On fees, XTRE is cheaper at 0.05% per year. On volatility, XTRE has been the lower-risk option at 0.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTRE or VETZ?

Over the 1-year period, VETZ has performed better with a 6.86% return vs 3.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTRE or VETZ?

XTRE is cheaper with a 0.05% expense ratio, compared with 0.35% for VETZ.

Which ETF pays a higher dividend yield, XTRE or VETZ?

VETZ has the higher dividend yield at 6.18%, compared with 4.01% for XTRE.

What is the main difference between XTRE and VETZ?

XTRE is categorized as Government Bonds, while VETZ is Mortgage Backed Securities. They also come from different issuers: BondBloxx and Academy. Their fees differ too: 0.05% for XTRE and 0.35% for VETZ.

Which has better risk-adjusted returns?

XTRE currently has the higher Sharpe Ratio (1.52 vs 1.44), 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.