XTWY vs. IBGK
XTWY (BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF) and IBGK (iShares iBonds Dec 2054 Term Treasury ETF) are both exchange-traded funds - XTWY is a Government Bonds fund tracking the Bloomberg US Treasury 20 Year Target Duration Index, while IBGK is a Long-Term Bond fund tracking the ICE 2054 Maturity US Treasury Index. Both are passively managed. Over the past year, XTWY returned -4.02% vs -2.38% for IBGK. Their 0.97 correlation means they have historically moved very closely together. XTWY charges 0.12%/yr vs 0.07%/yr for IBGK.
Performance
XTWY vs. IBGK - 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 IBGK's -3.58% 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%
IBGK
- 1D
- -0.75%
- 1M
- -3.84%
- 6M
- -3.50%
- YTD
- -3.58%
- 1Y
- -2.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.21K | $15.17K | $32.94K | |
| $1.02M | $1.21M | $1.83M |
XTWY vs. IBGK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | -4.63% | 2.52% | -3.39% |
IBGK iShares iBonds Dec 2054 Term Treasury ETF | -3.58% | 3.66% | -3.44% |
Correlation
The correlation between XTWY and IBGK is 0.99 - 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. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2024 | 0.97 |
The correlation between XTWY and IBGK has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
XTWY vs. IBGK — Risk / Return Rank
XTWY
IBGK
XTWY vs. IBGK - 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 iShares iBonds Dec 2054 Term Treasury ETF (IBGK). 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 | IBGK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.99 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | -0.15 | -0.11 |
| Martin ratioReturn relative to average drawdown | -0.57 | -0.33 | -0.24 |
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Drawdowns
XTWY vs. IBGK - Drawdown Comparison
The maximum XTWY drawdown since its inception was -25.92%, which is greater than IBGK's maximum drawdown of -14.62%. Use the drawdown chart below to compare losses from any high point for XTWY and IBGK.
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Drawdown Indicators
| XTWY | IBGK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.92% | -14.62% | -11.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.89% | -7.48% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | — | — |
Current DrawdownCurrent decline from peak | -18.88% | -12.13% | -6.75% |
Average DrawdownAverage peak-to-trough decline | -12.35% | -8.15% | -4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 3.41% | +1.18% |
Volatility
XTWY vs. IBGK - Volatility Comparison
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) has a higher volatility of 3.06% compared to iShares iBonds Dec 2054 Term Treasury ETF (IBGK) at 2.38%. This indicates that XTWY's price experiences larger fluctuations and is considered to be riskier than IBGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTWY | IBGK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 2.38% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 6.58% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 8.93% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 11.63% | +5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 11.63% | +5.78% |
XTWY vs. IBGK - Expense Ratio Comparison
XTWY has a 0.13% expense ratio, which is higher than IBGK's 0.07% 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. IBGK - Dividend Comparison
XTWY's dividend yield for the trailing twelve months is around 4.93%, more than IBGK's 4.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBGK iShares iBonds Dec 2054 Term Treasury ETF | 4.41% | 4.59% | 3.15% | 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
With a correlation of 0.99, XTWY and IBGK 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 IBGK (2.38%). In terms of maximum drawdown, XTWY dropped -25.92% vs IBGK's -14.62%.
On 1-year performance, IBGK leads with -2.38% vs -4.02% for XTWY. On fees, IBGK is cheaper at 0.07% per year. On volatility, IBGK has been the lower-risk option at 2.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBGK has performed better with a -2.38% return vs -4.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBGK is cheaper with a 0.07% expense ratio, compared with 0.12% for XTWY.
XTWY has the higher dividend yield at 4.49%, compared with 4.41% for IBGK.
XTWY is categorized as Government Bonds, while IBGK is Long-Term Bond. XTWY tracks Bloomberg US Treasury 20 Year Target Duration Index, while IBGK tracks ICE 2054 Maturity US Treasury Index. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.12% for XTWY and 0.07% for IBGK.
IBGK 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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