XTWY vs. BOND
XTWY (BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF) and BOND (PIMCO Active Bond ETF) are both exchange-traded funds - XTWY is a Government Bonds fund tracking the Bloomberg US Treasury 20 Year Target Duration Index, while BOND is a Intermediate Core-Plus Bond fund actively managed by PIMCO. XTWY is passively managed, while BOND is actively managed. Over the past 3 years, XTWY returned -3.43%/yr vs 4.85%/yr for BOND. Their correlation of 0.87 means they have usually moved in the same direction. XTWY charges 0.12%/yr vs 0.54%/yr for BOND.
Performance
XTWY vs. BOND - 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 BOND's -0.31% 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%
BOND
- 1D
- -0.33%
- 1M
- -1.43%
- 6M
- -0.84%
- YTD
- -0.31%
- 1Y
- 3.01%
- 3Y*
- 4.85%
- 5Y*
- 0.00%
- 10Y*
- 1.96%
- ALL TIME*
- 2.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $46.87M | $49.77M | $50.25M | |
| $1.02M | $1.21M | $1.83M |
XTWY vs. BOND - 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% |
BOND PIMCO Active Bond ETF | -0.31% | 8.39% | 2.77% | 6.48% | -1.39% |
Correlation
The correlation between XTWY and BOND is 0.87, 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. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.87 |
The correlation between XTWY and BOND has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.
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Return for Risk
XTWY vs. BOND — Risk / Return Rank
XTWY
BOND
XTWY vs. BOND - 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 PIMCO Active Bond ETF (BOND). 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 | BOND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.17 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 1.28 | -1.55 |
| Martin ratioReturn relative to average drawdown | -0.57 | 3.47 | -4.04 |
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Drawdowns
XTWY vs. BOND - Drawdown Comparison
The maximum XTWY drawdown since its inception was -25.92%, which is greater than BOND's maximum drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for XTWY and BOND.
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Drawdown Indicators
| XTWY | BOND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.92% | -19.71% | -6.21% |
Max Drawdown (1Y)Largest decline over 1 year | -9.89% | -3.01% | -6.88% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | -5.21% | -13.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.71% | — |
Current DrawdownCurrent decline from peak | -18.88% | -2.34% | -16.54% |
Average DrawdownAverage peak-to-trough decline | -12.35% | -3.48% | -8.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 1.11% | +3.48% |
Volatility
XTWY vs. BOND - Volatility Comparison
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) has a higher volatility of 3.06% compared to PIMCO Active Bond ETF (BOND) at 1.15%. This indicates that XTWY's price experiences larger fluctuations and is considered to be riskier than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTWY | BOND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 1.15% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 3.22% | +4.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 4.01% | +7.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 5.80% | +11.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 5.10% | +12.31% |
XTWY vs. BOND - Expense Ratio Comparison
XTWY has a 0.13% expense ratio, which is lower than BOND's 0.54% expense ratio.
Dividends
XTWY vs. BOND - Dividend Comparison
XTWY's dividend yield for the trailing twelve months is around 4.93%, less than BOND's 5.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 4.81% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
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
XTWY and BOND have a correlation of 0.87, 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 BOND (1.15%). In terms of maximum drawdown, XTWY dropped -25.92% vs BOND's -19.71%.
On 3-year performance, BOND leads with 4.85% vs -3.43% for XTWY. On fees, XTWY is cheaper at 0.12% per year. On volatility, BOND has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BOND has performed better with a 4.85% return vs -3.43%. 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 0.54% for BOND.
BOND has the higher dividend yield at 4.81%, compared with 4.49% for XTWY.
XTWY is categorized as Government Bonds, while BOND is Intermediate Core-Plus Bond. They also come from different issuers: BondBloxx and PIMCO. Their fees differ too: 0.12% for XTWY and 0.54% for BOND.
BOND currently has the higher Sharpe Ratio (0.96 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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