XTRE vs. XONE
XTRE (BondBloxx Bloomberg Three Year Target Duration US Treasury ETF) and XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) are both Government Bonds funds from BondBloxx - XTRE tracks the Bloomberg US Treasury 3 Year Target Duration Index while XONE tracks the Bloomberg US Treasury 1 Year Target Duration Index. Both are passively managed. Over the past 3 years, XTRE returned 4.01%/yr vs 4.51%/yr for XONE. A 0.79 correlation means they provide meaningful diversification when combined. XTRE charges 0.05%/yr vs 0.03%/yr for XONE.
Performance
XTRE vs. XONE - 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 XONE's 1.16% return.
XTRE
- 1D
- 0.10%
- 1M
- 0.19%
- YTD
- -0.09%
- 6M
- 0.10%
- 1Y
- 2.61%
- 3Y*
- 4.01%
- 5Y*
- —
- 10Y*
- —
XONE
- 1D
- 0.00%
- 1M
- 0.13%
- YTD
- 1.16%
- 6M
- 1.27%
- 1Y
- 3.56%
- 3Y*
- 4.51%
- 5Y*
- —
- 10Y*
- —
XTRE vs. XONE - 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% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 1.16% | 4.41% | 4.83% | 4.74% | 0.57% |
Correlation
The correlation between XTRE and XONE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.79 |
The correlation between XTRE and XONE has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.
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Return for Risk
XTRE vs. XONE — Risk / Return Rank
XTRE
XONE
XTRE vs. XONE - 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 One Year Target Duration US Treasury ETF (XONE). 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 | XONE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.21 | ||
| Sortino ratioReturn per unit of downside risk | -11.77 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 3.17 | -1.95 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 22.32 | -20.60 |
| Martin ratioReturn relative to average drawdown | 4.50 | 116.52 | -112.02 |
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Drawdowns
XTRE vs. XONE - Drawdown Comparison
The maximum XTRE drawdown since its inception was -2.89%, which is greater than XONE's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for XTRE and XONE.
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Drawdown Indicators
| XTRE | XONE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.89% | -0.40% | -2.49% |
Max Drawdown (1Y)Largest decline over 1 year | -1.53% | -0.16% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -2.00% | -0.28% | -1.72% |
Current DrawdownCurrent decline from peak | -1.16% | -0.10% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -0.05% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.03% | +0.55% |
Volatility
XTRE vs. XONE - Volatility Comparison
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) has a higher volatility of 0.72% compared to BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) at 0.18%. This indicates that XTRE's price experiences larger fluctuations and is considered to be riskier than XONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTRE | XONE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 0.18% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 1.59% | 0.37% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 0.56% | +1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.31% | 0.86% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 0.86% | +2.45% |
XTRE vs. XONE - Expense Ratio Comparison
XTRE has a 0.05% expense ratio, which is higher than XONE'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. XONE - Dividend Comparison
XTRE's dividend yield for the trailing twelve months is around 4.01%, less than XONE's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 4.06% | 4.33% | 5.21% | 4.46% | 1.17% |
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 XONE have a correlation of 0.75, 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 XONE (0.18%). In terms of maximum drawdown, XTRE dropped -2.89% vs XONE's -0.40%.
On 3-year performance, XONE leads with 4.51% vs 4.01% for XTRE. On fees, XONE is cheaper at 0.03% per year. On volatility, XONE has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XONE has performed better with a 4.51% return vs 4.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XONE is cheaper with a 0.03% expense ratio, compared with 0.05% for XTRE.
XONE has the higher dividend yield at 4.06%, compared with 4.01% for XTRE.
XTRE tracks Bloomberg US Treasury 3 Year Target Duration Index, while XONE tracks Bloomberg US Treasury 1 Year Target Duration Index. Their fees differ too: 0.05% for XTRE and 0.03% for XONE.
XONE currently has the higher Sharpe Ratio (6.43 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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