XTRE vs. VGSH
XTRE (BondBloxx Bloomberg Three Year Target Duration US Treasury ETF) and VGSH (Vanguard Short-Term Treasury ETF) are both Government Bonds funds - XTRE tracks the Bloomberg US Treasury 3 Year Target Duration Index while VGSH tracks the Bloomberg U.S. Treasury 1-3 Year Index. Both are passively managed. Over the past 3 years, XTRE returned 4.11%/yr vs 4.27%/yr for VGSH. Their 0.96 correlation means they have historically moved very closely together. XTRE charges 0.05%/yr vs 0.03%/yr for VGSH.
Performance
XTRE vs. VGSH - Performance Comparison
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Returns By Period
In the year-to-date period, XTRE achieves a 0.30% return, which is significantly lower than VGSH's 0.97% return.
XTRE
- 1D
- 0.18%
- 1M
- 0.05%
- 6M
- 0.27%
- YTD
- 0.30%
- 1Y
- 2.09%
- 3Y*
- 4.11%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.54%
VGSH
- 1D
- 0.12%
- 1M
- 0.23%
- 6M
- 0.79%
- YTD
- 0.97%
- 1Y
- 2.78%
- 3Y*
- 4.27%
- 5Y*
- 1.91%
- 10Y*
- 1.76%
- ALL TIME*
- 1.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $154.80M | $165.11M | $192.06M | |
| $3.52M | $3.03M | $2.76M |
XTRE vs. VGSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | 0.30% | 6.05% | 3.05% | 4.44% | 0.00% |
VGSH Vanguard Short-Term Treasury ETF | 0.97% | 5.07% | 4.00% | 4.31% | 0.07% |
Correlation
The correlation between XTRE and VGSH is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.96 |
The correlation between XTRE and VGSH has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
XTRE vs. VGSH — Risk / Return Rank
XTRE
VGSH
XTRE vs. VGSH - 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 Vanguard Short-Term Treasury ETF (VGSH). 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 | VGSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.44 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 3.15 | -1.78 |
| Martin ratioReturn relative to average drawdown | 3.16 | 12.11 | -8.95 |
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Drawdowns
XTRE vs. VGSH - Drawdown Comparison
The maximum XTRE drawdown since its inception was -2.89%, smaller than the maximum VGSH drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for XTRE and VGSH.
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Drawdown Indicators
| XTRE | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.89% | -5.70% | +2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -1.53% | -0.88% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -2.00% | -0.97% | -1.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.62% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.70% | — |
Current DrawdownCurrent decline from peak | -0.77% | 0.00% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -0.59% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.23% | +0.43% |
Volatility
XTRE vs. VGSH - Volatility Comparison
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) has a higher volatility of 0.55% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.37%. This indicates that XTRE's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTRE | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 0.37% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.67% | 1.02% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.04% | 1.23% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.28% | 1.98% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.28% | 1.58% | +1.70% |
XTRE vs. VGSH - Expense Ratio Comparison
XTRE has a 0.05% expense ratio, which is higher than VGSH's 0.03% 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%.
Dividends
XTRE vs. VGSH - Dividend Comparison
XTRE's dividend yield for the trailing twelve months is around 4.02%, more than VGSH's 3.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGSH Vanguard Short-Term Treasury ETF | 3.82% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | 4.02% | 3.85% | 4.19% | 3.97% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, XTRE and VGSH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
XTRE has higher volatility (0.55%) compared to VGSH (0.37%). In terms of maximum drawdown, XTRE dropped -2.89% vs VGSH's -5.70%.
On 3-year performance, VGSH leads with 4.27% vs 4.11% for XTRE. On fees, VGSH is cheaper at 0.03% per year. On volatility, VGSH has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VGSH has performed better with a 4.27% return vs 4.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGSH is cheaper with a 0.03% expense ratio, compared with 0.05% for XTRE.
XTRE has the higher dividend yield at 4.02%, compared with 3.82% for VGSH.
XTRE tracks Bloomberg US Treasury 3 Year Target Duration Index, while VGSH tracks Bloomberg U.S. Treasury 1-3 Year Index. They also come from different issuers: BondBloxx and Vanguard. Their fees differ too: 0.05% for XTRE and 0.03% for VGSH.
VGSH currently has the higher Sharpe Ratio (2.27 vs 1.03), 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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