ZTWO vs. XHLF
Compare and contrast key facts about F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO) and BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF).
ZTWO and XHLF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZTWO is a passively managed fund by F/m that tracks the performance of the ICE 2-Year US Target Maturity Corporate Index - Benchmark TR Gross. It was launched on Jan 10, 2024. XHLF is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg US Treasury 6 Month Duration Index. It was launched on Sep 13, 2022. Both ZTWO and XHLF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ZTWO vs. XHLF - Performance Comparison
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ZTWO vs. XHLF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZTWO F/M 2-Year Investment Grade Corporate Bond ETF | 0.29% | 5.49% | 0.36% |
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 0.78% | 4.21% | 0.20% |
Returns By Period
In the year-to-date period, ZTWO achieves a 0.29% return, which is significantly lower than XHLF's 0.78% return.
ZTWO
- 1D
- 0.03%
- 1M
- -0.39%
- YTD
- 0.29%
- 6M
- 1.28%
- 1Y
- 4.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XHLF
- 1D
- 0.01%
- 1M
- 0.23%
- YTD
- 0.78%
- 6M
- 1.76%
- 1Y
- 3.95%
- 3Y*
- 4.61%
- 5Y*
- —
- 10Y*
- —
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ZTWO vs. XHLF - Expense Ratio Comparison
ZTWO has a 0.15% expense ratio, which is higher than XHLF'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%.
Return for Risk
ZTWO vs. XHLF — Risk / Return Rank
ZTWO
XHLF
ZTWO vs. XHLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO) and BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF). 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.
| ZTWO | XHLF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.74 | 12.09 | -9.35 |
Sortino ratioReturn per unit of downside risk | 4.28 | 39.75 | -35.48 |
Omega ratioGain probability vs. loss probability | 1.60 | 9.67 | -8.07 |
Calmar ratioReturn relative to maximum drawdown | 4.56 | 99.61 | -95.05 |
Martin ratioReturn relative to average drawdown | 20.63 | 605.40 | -584.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZTWO | XHLF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 12.09 | -9.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.24 | 10.74 | -7.50 |
Correlation
The correlation between ZTWO and XHLF is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ZTWO vs. XHLF - Dividend Comparison
ZTWO's dividend yield for the trailing twelve months is around 4.19%, more than XHLF's 3.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZTWO F/M 2-Year Investment Grade Corporate Bond ETF | 4.19% | 4.31% | 0.39% | 0.00% | 0.00% |
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 3.88% | 3.98% | 4.96% | 4.50% | 0.86% |
Drawdowns
ZTWO vs. XHLF - Drawdown Comparison
The maximum ZTWO drawdown since its inception was -0.93%, which is greater than XHLF's maximum drawdown of -0.11%. Use the drawdown chart below to compare losses from any high point for ZTWO and XHLF.
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Drawdown Indicators
| ZTWO | XHLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.93% | -0.11% | -0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -0.93% | -0.04% | -0.89% |
Current DrawdownCurrent decline from peak | -0.49% | 0.00% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -0.10% | 0.00% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.01% | +0.20% |
Volatility
ZTWO vs. XHLF - Volatility Comparison
F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO) has a higher volatility of 0.61% compared to BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) at 0.09%. This indicates that ZTWO's price experiences larger fluctuations and is considered to be riskier than XHLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZTWO | XHLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.09% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 0.89% | 0.21% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.53% | 0.33% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.50% | 0.42% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.50% | 0.42% | +1.08% |