XTRE vs. XHLF
XTRE (BondBloxx Bloomberg Three Year Target Duration US Treasury ETF) and XHLF (BondBloxx Bloomberg Six Month Target Duration US Treasury ETF) are both Government Bonds funds from BondBloxx - XTRE tracks the Bloomberg US Treasury 3 Year Target Duration Index while XHLF tracks the Bloomberg US Treasury 6 Month Duration Index. Both are passively managed. Over the past 3 years, XTRE returned 4.01%/yr vs 4.58%/yr for XHLF. At a 0.35 correlation, their price movements are largely independent. XTRE charges 0.05%/yr vs 0.03%/yr for XHLF.
Performance
XTRE vs. XHLF - Performance Comparison
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Returns By Period
In the year-to-date period, XTRE achieves a -0.09% return, which is significantly lower than XHLF's 1.56% return.
XTRE
- 1D
- 0.10%
- 1M
- 0.19%
- YTD
- -0.09%
- 6M
- 0.10%
- 1Y
- 2.61%
- 3Y*
- 4.01%
- 5Y*
- —
- 10Y*
- —
XHLF
- 1D
- 0.04%
- 1M
- 0.24%
- YTD
- 1.56%
- 6M
- 1.65%
- 1Y
- 3.82%
- 3Y*
- 4.58%
- 5Y*
- —
- 10Y*
- —
XTRE vs. XHLF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | -0.09% | 6.05% | 3.05% | 4.44% | -0.00% |
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 1.56% | 4.21% | 5.04% | 4.90% | 0.89% |
Correlation
The correlation between XTRE and XHLF is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.35 |
The correlation between XTRE and XHLF shifts across timeframes, from 0.17 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XTRE vs. XHLF — Risk / Return Rank
XTRE
XHLF
XTRE vs. XHLF - 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 BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF). 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 | XHLF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.82 | ||
| Sortino ratioReturn per unit of downside risk | -41.71 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 10.94 | -9.72 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 96.46 | -94.75 |
| Martin ratioReturn relative to average drawdown | 4.50 | 639.88 | -635.38 |
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Drawdowns
XTRE vs. XHLF - Drawdown Comparison
The maximum XTRE drawdown since its inception was -2.89%, which is greater than XHLF's maximum drawdown of -0.11%. Use the drawdown chart below to compare losses from any high point for XTRE and XHLF.
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Drawdown Indicators
| XTRE | XHLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.89% | -0.11% | -2.78% |
Max Drawdown (1Y)Largest decline over 1 year | -1.53% | -0.04% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -2.00% | -0.06% | -1.94% |
Current DrawdownCurrent decline from peak | -1.16% | 0.00% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -0.01% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.01% | +0.57% |
Volatility
XTRE vs. XHLF - Volatility Comparison
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) has a higher volatility of 0.72% compared to BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) at 0.09%. This indicates that XTRE's price experiences larger fluctuations and is considered to be riskier than XHLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTRE | XHLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 0.09% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 1.59% | 0.22% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 0.32% | +1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.31% | 0.42% | +2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 0.42% | +2.89% |
XTRE vs. XHLF - Expense Ratio Comparison
XTRE has a 0.05% expense ratio, which is higher than XHLF'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. XHLF - Dividend Comparison
XTRE's dividend yield for the trailing twelve months is around 4.01%, more than XHLF's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 3.84% | 3.98% | 4.96% | 4.50% | 0.86% |
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 XHLF have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XTRE has higher volatility (0.72%) compared to XHLF (0.09%). In terms of maximum drawdown, XTRE dropped -2.89% vs XHLF's -0.11%.
On 3-year performance, XHLF leads with 4.58% vs 4.01% for XTRE. On fees, XHLF is cheaper at 0.03% per year. On volatility, XHLF has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XHLF has performed better with a 4.58% return vs 4.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XHLF is cheaper with a 0.03% expense ratio, compared with 0.05% for XTRE.
XTRE has the higher dividend yield at 4.01%, compared with 3.84% for XHLF.
XTRE tracks Bloomberg US Treasury 3 Year Target Duration Index, while XHLF tracks Bloomberg US Treasury 6 Month Duration Index. Their fees differ too: 0.05% for XTRE and 0.03% for XHLF.
XHLF currently has the higher Sharpe Ratio (12.04 vs 1.22), 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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