XTWO vs. RPBAX

Last updated Apr 1, 2026

Compare and contrast key facts about Bondbloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO) and T. Rowe Price Balanced Fund (RPBAX).

XTWO is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg US Treasury 2 Year Target Duration Index. It was launched on Sep 13, 2022. RPBAX is managed by T. Rowe Price. It was launched on Dec 29, 1939.

Performance

XTWO vs. RPBAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bondbloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO) and T. Rowe Price Balanced Fund (RPBAX). The values are adjusted to include any dividend payments, if applicable.

XTWO vs. RPBAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XTWO Bondbloxx Bloomberg Two Year Target Duration US Treasury ETF	0.27%	5.17%	3.92%	4.27%	0.17%
RPBAX T. Rowe Price Balanced Fund	-3.21%	16.06%	11.71%	18.01%	-0.09%

Returns By Period

In the year-to-date period, XTWO achieves a 0.27% return, which is significantly higher than RPBAX's -3.21% return.

XTWO

• 1D: 0.09%
• 1M: -0.52%
• YTD: 0.27%
• 6M: 1.41%
• 1Y: 3.79%
• 3Y*: 3.99%
• 5Y*: —
• 10Y*: —

RPBAX

• 1D: 0.07%
• 1M: -6.89%
• YTD: -3.21%
• 6M: -0.84%
• 1Y: 11.14%
• 3Y*: 11.85%
• 5Y*: 6.11%
• 10Y*: 7.99%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XTWO vs. RPBAX - Expense Ratio Comparison

XTWO has a 0.05% expense ratio, which is lower than RPBAX's 0.57% expense ratio.

RPBAX

T. Rowe Price Balanced Fund

XTWO

Bondbloxx Bloomberg Two Year Target Duration US Treasury ETF

Return for Risk

XTWO vs. RPBAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XTWO

XTWO Risk / Return Rank: 96
XTWO Sharpe Ratio Rank: 95
XTWO Sortino Ratio Rank: 97
XTWO Omega Ratio Rank: 96
XTWO Calmar Ratio Rank: 95
XTWO Martin Ratio Rank: 95

RPBAX

RPBAX Risk / Return Rank: 57
RPBAX Sharpe Ratio Rank: 58
RPBAX Sortino Ratio Rank: 59
RPBAX Omega Ratio Rank: 60
RPBAX Calmar Ratio Rank: 52
RPBAX Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XTWO vs. RPBAX - 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 T. Rowe Price Balanced Fund (RPBAX). 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	RPBAX	Difference
Sharpe ratio Return per unit of total volatility	2.44	1.04	+1.40
Sortino ratio Return per unit of downside risk	3.86	1.51	+2.35
Omega ratio Gain probability vs. loss probability	1.51	1.22	+0.29
Calmar ratio Return relative to maximum drawdown	4.19	1.23	+2.96
Martin ratio Return relative to average drawdown	15.27	5.55	+9.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XTWO vs. RPBAX - Sharpe Ratio Comparison

The current XTWO Sharpe Ratio is 2.44, which is higher than the RPBAX Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of XTWO and RPBAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XTWO	RPBAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	1.04	+1.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.56	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	0.69	+1.09

Correlation

The correlation between XTWO and RPBAX is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XTWO vs. RPBAX - Dividend Comparison

XTWO's dividend yield for the trailing twelve months is around 4.10%, less than RPBAX's 7.64% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XTWO Bondbloxx Bloomberg Two Year Target Duration US Treasury ETF	4.10%	4.24%	4.54%	4.07%	1.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RPBAX T. Rowe Price Balanced Fund	7.64%	7.30%	7.28%	3.80%	5.03%	9.33%	4.59%	3.41%	8.42%	1.69%	2.96%	7.32%

Drawdowns

XTWO vs. RPBAX - Drawdown Comparison

The maximum XTWO drawdown since its inception was -1.73%, smaller than the maximum RPBAX drawdown of -40.79%. Use the drawdown chart below to compare losses from any high point for XTWO and RPBAX.

Drawdown Indicators

	XTWO	RPBAX	Difference
Max Drawdown Largest peak-to-trough decline	-1.73%	-40.79%	+39.06%
Max Drawdown (1Y) Largest decline over 1 year	-0.91%	-8.19%	+7.28%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.49%	—
Current Drawdown Current decline from peak	-0.52%	-7.08%	+6.56%
Average Drawdown Average peak-to-trough decline	-0.40%	-4.16%	+3.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	1.84%	-1.59%

Volatility

XTWO vs. RPBAX - Volatility Comparison

The current volatility for Bondbloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO) is 0.56%, while T. Rowe Price Balanced Fund (RPBAX) has a volatility of 3.65%. This indicates that XTWO experiences smaller price fluctuations and is considered to be less risky than RPBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTWO	RPBAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.56%	3.65%	-3.09%
Volatility (6M) Calculated over the trailing 6-month period	0.90%	6.11%	-5.21%
Volatility (1Y) Calculated over the trailing 1-year period	1.56%	11.01%	-9.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.20%	10.90%	-8.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.20%	11.58%	-9.38%