XTWY vs. BLV
XTWY (BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF) and BLV (Vanguard Long-Term Bond ETF) are both exchange-traded funds - XTWY is a Government Bonds fund tracking the Bloomberg US Treasury 20 Year Target Duration Index, while BLV is a Long-Term Bond fund tracking the Bloomberg U.S. Long Government/Credit Float Adjusted Index. Both are passively managed. Over the past 3 years, XTWY returned -3.43%/yr vs 1.49%/yr for BLV. Their 0.96 correlation means they have historically moved very closely together. XTWY charges 0.12%/yr vs 0.03%/yr for BLV.
Performance
XTWY vs. BLV - 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 BLV's -2.81% 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%
BLV
- 1D
- -0.47%
- 1M
- -3.57%
- 6M
- -2.98%
- YTD
- -2.81%
- 1Y
- -0.73%
- 3Y*
- 1.49%
- 5Y*
- -5.04%
- 10Y*
- 0.27%
- ALL TIME*
- 4.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $48.82M | $52.31M | $45.06M | |
| $1.02M | $1.21M | $1.83M |
XTWY vs. BLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | -4.63% | 2.52% | -10.25% | 2.73% | -7.81% |
BLV Vanguard Long-Term Bond ETF | -2.81% | 6.44% | -3.65% | 7.35% | -3.94% |
Correlation
The correlation between XTWY and BLV 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. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.96 |
The correlation between XTWY and BLV has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
XTWY vs. BLV — Risk / Return Rank
XTWY
BLV
XTWY vs. BLV - 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 Vanguard Long-Term Bond ETF (BLV). 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 | BLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.02 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 0.07 | -0.34 |
| Martin ratioReturn relative to average drawdown | -0.57 | 0.16 | -0.73 |
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Drawdowns
XTWY vs. BLV - Drawdown Comparison
The maximum XTWY drawdown since its inception was -25.92%, smaller than the maximum BLV drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for XTWY and BLV.
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Drawdown Indicators
| XTWY | BLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.92% | -38.29% | +12.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.89% | -5.92% | -3.97% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | -11.70% | -6.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.29% | — |
Current DrawdownCurrent decline from peak | -18.88% | -26.48% | +7.60% |
Average DrawdownAverage peak-to-trough decline | -12.35% | -9.63% | -2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 2.63% | +1.96% |
Volatility
XTWY vs. BLV - Volatility Comparison
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) has a higher volatility of 3.06% compared to Vanguard Long-Term Bond ETF (BLV) at 2.12%. This indicates that XTWY's price experiences larger fluctuations and is considered to be riskier than BLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTWY | BLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 2.12% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 5.96% | +2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 7.83% | +3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 12.90% | +4.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 11.95% | +5.46% |
XTWY vs. BLV - Expense Ratio Comparison
XTWY has a 0.13% expense ratio, which is higher than BLV's 0.03% expense ratio. However, 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. BLV - Dividend Comparison
XTWY's dividend yield for the trailing twelve months is around 4.93%, which matches BLV's 4.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLV Vanguard Long-Term Bond ETF | 4.54% | 4.67% | 5.09% | 4.06% | 4.17% | 3.37% | 6.12% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% |
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | 4.49% | 4.56% | 4.65% | 3.86% | 1.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, XTWY and BLV 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.
XTWY has higher volatility (3.06%) compared to BLV (2.12%). In terms of maximum drawdown, XTWY dropped -25.92% vs BLV's -38.29%.
On 3-year performance, BLV leads with 1.49% vs -3.43% for XTWY. On fees, BLV is cheaper at 0.03% per year. On volatility, BLV has been the lower-risk option at 2.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BLV has performed better with a 1.49% return vs -3.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BLV is cheaper with a 0.03% expense ratio, compared with 0.12% for XTWY.
BLV has the higher dividend yield at 4.54%, compared with 4.49% for XTWY.
XTWY is categorized as Government Bonds, while BLV is Long-Term Bond. XTWY tracks Bloomberg US Treasury 20 Year Target Duration Index, while BLV tracks Bloomberg U.S. Long Government/Credit Float Adjusted Index. They also come from different issuers: BondBloxx and Vanguard. Their fees differ too: 0.12% for XTWY and 0.03% for BLV.
BLV currently has the higher Sharpe Ratio (0.05 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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