XTWO vs. IBTF
XTWO (BondBloxx Bloomberg Two Year Target Duration US Treasury ETF) and IBTF (iShares iBonds Dec 2025 Term Treasury ETF) are both Government Bonds funds - XTWO tracks the Bloomberg US Treasury 2 Year Target Duration Index while IBTF tracks the ICE 2025 Maturity US Treasury Index. Both are passively managed. Over the past 3 years, XTWO returned 4.23%/yr vs 3.74%/yr for IBTF. A 0.63 correlation means they provide meaningful diversification when combined. XTWO charges 0.05%/yr vs 0.07%/yr for IBTF.
Performance
XTWO vs. IBTF - Performance Comparison
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Returns By Period
XTWO
- 1D
- 0.11%
- 1M
- 0.26%
- YTD
- 0.52%
- 6M
- 0.66%
- 1Y
- 2.98%
- 3Y*
- 4.23%
- 5Y*
- —
- 10Y*
- —
IBTF
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 1.88%
- 3Y*
- 3.74%
- 5Y*
- 0.97%
- 10Y*
- —
XTWO vs. IBTF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XTWO BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 0.52% | 5.17% | 3.92% | 4.27% | 0.14% |
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 0.00% | 3.81% | 4.60% | 4.12% | -0.04% |
Correlation
The correlation between XTWO and IBTF is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.63 |
The correlation between XTWO and IBTF shifts across timeframes, from -0.05 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XTWO vs. IBTF — Risk / Return Rank
XTWO
IBTF
XTWO vs. IBTF - 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 iShares iBonds Dec 2025 Term Treasury ETF (IBTF). 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 | IBTF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.48 | ||
| Sortino ratioReturn per unit of downside risk | -15.60 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 6.14 | -4.70 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 52.11 | -48.81 |
| Martin ratioReturn relative to average drawdown | 11.22 | 263.51 | -252.29 |
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Drawdowns
XTWO vs. IBTF - Drawdown Comparison
The maximum XTWO drawdown since its inception was -1.73%, smaller than the maximum IBTF drawdown of -10.45%. Use the drawdown chart below to compare losses from any high point for XTWO and IBTF.
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Drawdown Indicators
| XTWO | IBTF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.73% | -10.45% | +8.72% |
Max Drawdown (1Y)Largest decline over 1 year | -0.91% | -0.04% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -1.18% | -0.46% | -0.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.53% | — |
Current DrawdownCurrent decline from peak | -0.27% | 0.00% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -3.29% | +2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 0.01% | +0.26% |
Volatility
XTWO vs. IBTF - Volatility Comparison
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO) has a higher volatility of 0.50% compared to iShares iBonds Dec 2025 Term Treasury ETF (IBTF) at 0.00%. This indicates that XTWO's price experiences larger fluctuations and is considered to be riskier than IBTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTWO | IBTF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 0.00% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 1.03% | 0.14% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.39% | 0.34% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.16% | 2.37% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.16% | 2.55% | -0.39% |
XTWO vs. IBTF - Expense Ratio Comparison
XTWO has a 0.05% expense ratio, which is lower than IBTF's 0.07% 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. IBTF - Dividend Comparison
XTWO's dividend yield for the trailing twelve months is around 4.04%, more than IBTF's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 2.08% | 3.83% | 4.32% | 4.03% | 1.93% | 0.57% | 0.59% |
XTWO BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 4.04% | 4.24% | 4.54% | 4.07% | 1.13% | 0.00% | 0.00% |
Frequently Asked Questions
XTWO and IBTF have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XTWO has higher volatility (0.50%) compared to IBTF (0.00%). In terms of maximum drawdown, XTWO dropped -1.73% vs IBTF's -10.45%.
On 3-year performance, XTWO leads with 4.23% vs 3.74% for IBTF. On fees, XTWO is cheaper at 0.05% per year. On volatility, IBTF has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XTWO has performed better with a 4.23% return vs 3.74%. 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 0.07% for IBTF.
XTWO has the higher dividend yield at 4.04%, compared with 2.08% for IBTF.
XTWO tracks Bloomberg US Treasury 2 Year Target Duration Index, while IBTF tracks ICE 2025 Maturity US Treasury Index. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.05% for XTWO and 0.07% for IBTF.
IBTF currently has the higher Sharpe Ratio (6.63 vs 2.15), 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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