XTWO vs. BBBI
XTWO (BondBloxx Bloomberg Two Year Target Duration US Treasury ETF) and BBBI (BondBloxx BBB Rated 5-10 Year Corporate Bond ETF) are both exchange-traded funds - XTWO is a Government Bonds fund tracking the Bloomberg US Treasury 2 Year Target Duration Index, while BBBI is a Corporate Bonds fund tracking the Bloomberg U.S. Corporate BBB 5-10 Year Index. Both are passively managed. Over the past year, XTWO returned 2.98% vs 5.29% for BBBI. A 0.75 correlation means they provide meaningful diversification when combined. XTWO charges 0.05%/yr vs 0.19%/yr for BBBI.
Performance
XTWO vs. BBBI - Performance Comparison
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Returns By Period
In the year-to-date period, XTWO achieves a 0.52% return, which is significantly lower than BBBI's 0.80% return.
XTWO
- 1D
- 0.11%
- 1M
- 0.26%
- YTD
- 0.52%
- 6M
- 0.66%
- 1Y
- 2.98%
- 3Y*
- 4.23%
- 5Y*
- —
- 10Y*
- —
BBBI
- 1D
- 0.31%
- 1M
- 0.94%
- YTD
- 0.80%
- 6M
- 0.73%
- 1Y
- 5.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTWO vs. BBBI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XTWO BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 0.52% | 5.17% | 3.98% |
BBBI BondBloxx BBB Rated 5-10 Year Corporate Bond ETF | 0.80% | 9.28% | 4.38% |
Correlation
The correlation between XTWO and BBBI is 0.79, 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 | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024 | 0.75 |
The correlation between XTWO and BBBI has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.
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Return for Risk
XTWO vs. BBBI — Risk / Return Rank
XTWO
BBBI
XTWO vs. BBBI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO) and BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI). 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.
| XTWO | BBBI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.23 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 1.81 | +1.49 |
| Martin ratioReturn relative to average drawdown | 11.22 | 5.91 | +5.32 |
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Drawdowns
XTWO vs. BBBI - Drawdown Comparison
The maximum XTWO drawdown since its inception was -1.73%, smaller than the maximum BBBI drawdown of -4.11%. Use the drawdown chart below to compare losses from any high point for XTWO and BBBI.
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Drawdown Indicators
| XTWO | BBBI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.73% | -4.11% | +2.38% |
Max Drawdown (1Y)Largest decline over 1 year | -0.91% | -2.94% | +2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -1.18% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -0.71% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -0.98% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 0.90% | -0.63% |
Volatility
XTWO vs. BBBI - Volatility Comparison
The current volatility for BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO) is 0.50%, while BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) has a volatility of 1.26%. This indicates that XTWO experiences smaller price fluctuations and is considered to be less risky than BBBI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTWO | BBBI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 1.26% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 1.03% | 3.12% | -2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.39% | 4.03% | -2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.16% | 5.00% | -2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.16% | 5.00% | -2.84% |
XTWO vs. BBBI - Expense Ratio Comparison
XTWO has a 0.05% expense ratio, which is lower than BBBI's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XTWO vs. BBBI - Dividend Comparison
XTWO's dividend yield for the trailing twelve months is around 4.04%, less than BBBI's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BBBI BondBloxx BBB Rated 5-10 Year Corporate Bond ETF | 4.77% | 4.90% | 4.61% | 0.00% | 0.00% |
XTWO BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 4.04% | 4.24% | 4.54% | 4.07% | 1.13% |
Frequently Asked Questions
XTWO and BBBI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBBI has higher volatility (1.26%) compared to XTWO (0.50%). In terms of maximum drawdown, XTWO dropped -1.73% vs BBBI's -4.11%.
On 1-year performance, BBBI leads with 5.29% vs 2.98% for XTWO. On fees, XTWO is cheaper at 0.05% per year. On volatility, XTWO has been the lower-risk option at 0.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BBBI has performed better with a 5.29% return vs 2.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTWO is cheaper with a 0.05% expense ratio, compared with 0.19% for BBBI.
BBBI has the higher dividend yield at 4.77%, compared with 4.04% for XTWO.
XTWO is categorized as Government Bonds, while BBBI is Corporate Bonds. XTWO tracks Bloomberg US Treasury 2 Year Target Duration Index, while BBBI tracks Bloomberg U.S. Corporate BBB 5-10 Year Index. Their fees differ too: 0.05% for XTWO and 0.19% for BBBI.
XTWO currently has the higher Sharpe Ratio (2.15 vs 1.33), 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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