XTWY vs. XB
XTWY (BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF) and XB (BondBloxx B Rated USD High Yield 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 XB is a High Yield Bonds fund tracking the ICE BofA Single-B US Cash Pay High Yield Constrained Index. Both are passively managed. Over the past 3 years, XTWY returned -3.43%/yr vs 7.91%/yr for XB. Their 0.45 correlation means their historical movements had little consistent relationship. XTWY charges 0.12%/yr vs 0.30%/yr for XB.
Performance
XTWY vs. XB - 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 XB's 2.06% 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%
XB
- 1D
- -0.02%
- 1M
- -0.56%
- 6M
- 1.45%
- YTD
- 2.06%
- 1Y
- 5.50%
- 3Y*
- 7.91%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $196.54K | $141.27K | $453.47K | |
| $1.02M | $1.21M | $1.83M |
XTWY vs. XB - 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% |
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 2.06% | 7.81% | 7.41% | 12.94% | 0.30% |
Correlation
The correlation between XTWY and XB is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.45 |
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Return for Risk
XTWY vs. XB — Risk / Return Rank
XTWY
XB
XTWY vs. XB - 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 B Rated USD High Yield Corporate Bond ETF (XB). 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 | XB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.46 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.27 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 2.53 | -2.79 |
| Martin ratioReturn relative to average drawdown | -0.57 | 10.62 | -11.19 |
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Drawdowns
XTWY vs. XB - Drawdown Comparison
The maximum XTWY drawdown since its inception was -25.92%, which is greater than XB's maximum drawdown of -9.25%. Use the drawdown chart below to compare losses from any high point for XTWY and XB.
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Drawdown Indicators
| XTWY | XB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.92% | -9.25% | -16.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.89% | -2.16% | -7.73% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | -5.36% | -12.86% |
Current DrawdownCurrent decline from peak | -18.88% | -0.56% | -18.32% |
Average DrawdownAverage peak-to-trough decline | -12.35% | -1.28% | -11.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 0.51% | +4.08% |
Volatility
XTWY vs. XB - Volatility Comparison
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) has a higher volatility of 3.06% compared to BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) at 0.84%. This indicates that XTWY's price experiences larger fluctuations and is considered to be riskier than XB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTWY | XB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 0.84% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 3.14% | +5.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 3.82% | +7.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 7.35% | +10.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 7.35% | +10.06% |
XTWY vs. XB - Expense Ratio Comparison
XTWY has a 0.13% expense ratio, which is lower than XB's 0.30% expense ratio.
Dividends
XTWY vs. XB - Dividend Comparison
XTWY's dividend yield for the trailing twelve months is around 4.93%, less than XB's 7.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 6.41% | 6.96% | 7.74% | 7.87% | 5.01% |
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 XB have a correlation of 0.43, 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 XB (0.84%). In terms of maximum drawdown, XTWY dropped -25.92% vs XB's -9.25%.
On 3-year performance, XB leads with 7.91% vs -3.43% for XTWY. On fees, XTWY is cheaper at 0.12% per year. On volatility, XB has been the lower-risk option at 0.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XB has performed better with a 7.91% 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 0.30% for XB.
XB has the higher dividend yield at 6.41%, compared with 4.49% for XTWY.
XTWY is categorized as Government Bonds, while XB is High Yield Bonds. XTWY tracks Bloomberg US Treasury 20 Year Target Duration Index, while XB tracks ICE BofA Single-B US Cash Pay High Yield Constrained Index. Their fees differ too: 0.12% for XTWY and 0.30% for XB.
XB currently has the higher Sharpe Ratio (1.43 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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