XTWO vs. GSST
XTWO (BondBloxx Bloomberg Two Year Target Duration US Treasury ETF) and GSST (Goldman Sachs Ultra Short Bond ETF) are both exchange-traded funds - XTWO is a Government Bonds fund tracking the Bloomberg US Treasury 2 Year Target Duration Index, while GSST is a Ultrashort Bond fund actively managed by Goldman Sachs. XTWO is passively managed, while GSST is actively managed. Over the past 3 years, XTWO returned 4.12%/yr vs 5.52%/yr for GSST. A 0.51 correlation means they provide meaningful diversification when combined. XTWO charges 0.05%/yr vs 0.16%/yr for GSST.
Performance
XTWO vs. GSST - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XTWO achieves a 0.41% return, which is significantly lower than GSST's 1.55% return.
XTWO
- 1D
- -0.03%
- 1M
- 0.08%
- YTD
- 0.41%
- 6M
- 0.67%
- 1Y
- 3.42%
- 3Y*
- 4.12%
- 5Y*
- —
- 10Y*
- —
GSST
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 1.55%
- 6M
- 1.88%
- 1Y
- 4.61%
- 3Y*
- 5.52%
- 5Y*
- 3.75%
- 10Y*
- —
XTWO vs. GSST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XTWO BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 0.41% | 5.17% | 3.92% | 4.27% | 0.17% |
GSST Goldman Sachs Ultra Short Bond ETF | 1.55% | 5.20% | 6.01% | 6.08% | 0.70% |
Correlation
The correlation between XTWO and GSST is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022 | 0.51 |
The correlation between XTWO and GSST has been stable across timeframes, ranging from 0.43 to 0.53 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XTWO vs. GSST — Risk / Return Rank
XTWO
GSST
XTWO vs. GSST - 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 Goldman Sachs Ultra Short Bond ETF (GSST). 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.
| XTWO | GSST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.46 | ||
| Sortino ratioReturn per unit of downside risk | -12.42 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 3.94 | -2.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 29.99 | -26.21 |
| Martin ratioReturn relative to average drawdown | 13.59 | 185.54 | -171.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XTWO | GSST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 7.98 | -5.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 5.99 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.74 | 3.78 | -2.05 |
Drawdowns
XTWO vs. GSST - Drawdown Comparison
The maximum XTWO drawdown since its inception was -1.73%, smaller than the maximum GSST drawdown of -3.51%. Use the drawdown chart below to compare losses from any high point for XTWO and GSST.
Loading charts...
Drawdown Indicators
| XTWO | GSST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.73% | -3.51% | +1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -0.91% | -0.15% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -1.18% | -0.25% | -0.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.19% | — |
Current DrawdownCurrent decline from peak | -0.38% | 0.00% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -0.16% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.02% | +0.23% |
Volatility
XTWO vs. GSST - Volatility Comparison
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO) has a higher volatility of 0.36% compared to Goldman Sachs Ultra Short Bond ETF (GSST) at 0.13%. This indicates that XTWO's price experiences larger fluctuations and is considered to be riskier than GSST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XTWO | GSST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 0.13% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 0.95% | 0.41% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 0.58% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.16% | 0.63% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.16% | 0.86% | +1.30% |
XTWO vs. GSST - Expense Ratio Comparison
XTWO has a 0.05% expense ratio, which is lower than GSST's 0.16% 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. GSST - Dividend Comparison
XTWO's dividend yield for the trailing twelve months is around 4.05%, less than GSST's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GSST Goldman Sachs Ultra Short Bond ETF | 4.32% | 4.56% | 5.45% | 4.98% | 1.97% | 0.71% | 1.12% | 1.66% |
XTWO BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 4.05% | 4.24% | 4.54% | 4.07% | 1.13% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XTWO and GSST have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XTWO has higher volatility (0.36%) compared to GSST (0.13%). In terms of maximum drawdown, XTWO dropped -1.73% vs GSST's -3.51%.
On 3-year performance, GSST leads with 5.52% vs 4.12% for XTWO. On fees, XTWO is cheaper at 0.05% per year. On volatility, GSST has been the lower-risk option at 0.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GSST has performed better with a 5.52% return vs 4.12%. 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 0.16% for GSST.
GSST has the higher dividend yield at 4.32%, compared with 4.05% for XTWO.
XTWO is categorized as Government Bonds, while GSST is Ultrashort Bond. They also come from different issuers: BondBloxx and Goldman Sachs. Their fees differ too: 0.05% for XTWO and 0.16% for GSST.
GSST currently has the higher Sharpe Ratio (7.98 vs 2.52), 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.
Find the right allocation for XTWO and GSST
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer