XTWY vs. BBBL
XTWY (BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF) and BBBL (Bondbloxx BBB Rated 10+ Year Corporate Bond ETF) are both exchange-traded funds - XTWY is a Government Bonds fund tracking the Bloomberg US Treasury 20 Year Target Duration Index, while BBBL is a Long-Term Bond fund tracking the Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross. Both are passively managed. Over the past year, XTWY returned -4.02% vs -0.02% for BBBL. Their correlation of 0.89 means they have usually moved in the same direction. XTWY charges 0.12%/yr vs 0.19%/yr for BBBL.
Performance
XTWY vs. BBBL - Performance Comparison
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Returns By Period
In the year-to-date period, XTWY achieves a -4.63% return, which is significantly lower than BBBL's -2.30% return.
XTWY
- 1D
- -0.90%
- 1M
- -5.01%
- 6M
- -4.62%
- YTD
- -4.63%
- 1Y
- -4.02%
- 3Y*
- -3.43%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.67%
BBBL
- 1D
- -0.29%
- 1M
- -3.80%
- 6M
- -3.14%
- YTD
- -2.30%
- 1Y
- -0.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.61K | $94.14K | $59.58K | |
| $1.02M | $1.21M | $1.83M |
XTWY vs. BBBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | -4.63% | 2.52% | -3.51% |
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | -2.30% | 7.02% | 0.93% |
Correlation
The correlation between XTWY and BBBL is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024 | 0.89 |
The correlation between XTWY and BBBL has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.
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Return for Risk
XTWY vs. BBBL — Risk / Return Rank
XTWY
BBBL
XTWY vs. BBBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) and Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL). 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.
| XTWY | BBBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.03 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 0.17 | -0.44 |
| Martin ratioReturn relative to average drawdown | -0.57 | 0.39 | -0.95 |
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Drawdowns
XTWY vs. BBBL - Drawdown Comparison
The maximum XTWY drawdown since its inception was -25.92%, which is greater than BBBL's maximum drawdown of -9.43%. Use the drawdown chart below to compare losses from any high point for XTWY and BBBL.
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Drawdown Indicators
| XTWY | BBBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.92% | -9.43% | -16.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.89% | -5.45% | -4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | — | — |
Current DrawdownCurrent decline from peak | -18.88% | -5.31% | -13.57% |
Average DrawdownAverage peak-to-trough decline | -12.35% | -3.26% | -9.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 2.45% | +2.14% |
Volatility
XTWY vs. BBBL - Volatility Comparison
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) has a higher volatility of 3.06% compared to Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) at 1.97%. This indicates that XTWY's price experiences larger fluctuations and is considered to be riskier than BBBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTWY | BBBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 1.97% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 5.94% | +2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 7.67% | +3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 9.66% | +7.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 9.66% | +7.75% |
XTWY vs. BBBL - Expense Ratio Comparison
XTWY has a 0.13% expense ratio, which is lower than BBBL'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
XTWY vs. BBBL - Dividend Comparison
XTWY's dividend yield for the trailing twelve months is around 4.93%, less than BBBL's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | 5.33% | 5.77% | 5.19% | 0.00% | 0.00% |
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | 4.49% | 4.56% | 4.65% | 3.86% | 1.08% |
Frequently Asked Questions
XTWY and BBBL have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XTWY has higher volatility (3.06%) compared to BBBL (1.97%). In terms of maximum drawdown, XTWY dropped -25.92% vs BBBL's -9.43%.
On 1-year performance, BBBL leads with -0.02% vs -4.02% for XTWY. On fees, XTWY is cheaper at 0.12% per year. On volatility, BBBL has been the lower-risk option at 1.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BBBL has performed better with a -0.02% return vs -4.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTWY is cheaper with a 0.12% expense ratio, compared with 0.19% for BBBL.
BBBL has the higher dividend yield at 5.33%, compared with 4.49% for XTWY.
XTWY is categorized as Government Bonds, while BBBL is Long-Term Bond. XTWY tracks Bloomberg US Treasury 20 Year Target Duration Index, while BBBL tracks Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross. Their fees differ too: 0.12% for XTWY and 0.19% for BBBL.
BBBL currently has the higher Sharpe Ratio (0.12 vs -0.23), 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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