XTWO vs. XTRE
XTWO (BondBloxx Bloomberg Two Year Target Duration US Treasury ETF) and XTRE (BondBloxx Bloomberg Three Year Target Duration US Treasury ETF) are both Government Bonds funds from BondBloxx - XTWO tracks the Bloomberg US Treasury 2 Year Target Duration Index while XTRE tracks the Bloomberg US Treasury 3 Year Target Duration Index. Both are passively managed. Over the past 3 years, XTWO returned 4.27%/yr vs 4.14%/yr for XTRE. Their 0.96 correlation means they have historically moved very closely together. Both charge a 0.05% expense ratio.
Performance
XTWO vs. XTRE - Performance Comparison
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Returns By Period
In the year-to-date period, XTWO achieves a 0.69% return, which is significantly higher than XTRE's 0.04% return.
XTWO
- 1D
- -0.04%
- 1M
- 0.02%
- 6M
- 0.53%
- YTD
- 0.69%
- 1Y
- 2.50%
- 3Y*
- 4.27%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.65%
XTRE
- 1D
- -0.06%
- 1M
- -0.20%
- 6M
- -0.09%
- YTD
- 0.04%
- 1Y
- 1.83%
- 3Y*
- 4.14%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.57M | $3.02M | $2.74M | |
| $4.20M | $4.65M | $2.40M |
XTWO vs. XTRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XTWO BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 0.69% | 5.17% | 3.92% | 4.27% | 0.14% |
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | 0.04% | 6.05% | 3.05% | 4.44% | 0.00% |
Correlation
The correlation between XTWO and XTRE is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.96 |
The correlation between XTWO and XTRE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
XTWO vs. XTRE — Risk / Return Rank
XTWO
XTRE
XTWO vs. XTRE - 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 Bloomberg Three Year Target Duration US Treasury ETF (XTRE). 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 | XTRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.21 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 1.68 | +1.66 |
| Martin ratioReturn relative to average drawdown | 11.16 | 3.88 | +7.28 |
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Drawdowns
XTWO vs. XTRE - Drawdown Comparison
The maximum XTWO drawdown since its inception was -1.73%, smaller than the maximum XTRE drawdown of -2.89%. Use the drawdown chart below to compare losses from any high point for XTWO and XTRE.
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Drawdown Indicators
| XTWO | XTRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.73% | -2.89% | +1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -0.91% | -1.53% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -1.18% | -2.00% | +0.82% |
Current DrawdownCurrent decline from peak | -0.10% | -1.03% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -0.39% | -0.84% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 0.66% | -0.39% |
Volatility
XTWO vs. XTRE - Volatility Comparison
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO) has a higher volatility of 0.63% compared to BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) at 0.54%. This indicates that XTWO's price experiences larger fluctuations and is considered to be riskier than XTRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTWO | XTRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 0.54% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.27% | 1.66% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 2.15% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.17% | 3.28% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.17% | 3.28% | -1.11% |
XTWO vs. XTRE - Expense Ratio Comparison
Both XTWO and XTRE have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XTWO vs. XTRE - Dividend Comparison
XTWO's dividend yield for the trailing twelve months is around 4.02%, which matches XTRE's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | 3.65% | 3.85% | 4.19% | 3.97% | 1.16% |
XTWO BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 3.65% | 4.24% | 4.54% | 4.07% | 1.13% |
Frequently Asked Questions
With a correlation of 0.96, XTWO and XTRE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
XTWO has higher volatility (0.63%) compared to XTRE (0.54%). In terms of maximum drawdown, XTWO dropped -1.73% vs XTRE's -2.89%.
On 3-year performance, XTWO leads with 4.27% vs 4.14% for XTRE. Both ETFs have the same 0.05% expense ratio. Their volatility is very similar. 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 4.27% return vs 4.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTWO and XTRE have the same expense ratio: 0.05% per year.
XTWO and XTRE have nearly identical dividend yields, around 3.65%.
XTWO tracks Bloomberg US Treasury 2 Year Target Duration Index, while XTRE tracks Bloomberg US Treasury 3 Year Target Duration Index.
XTWO currently has the higher Sharpe Ratio (1.97 vs 1.19), 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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