XHLF — Bondbloxx Bloomberg Six Month Target Duration US Treasury ETF
Ultra-Short / Cash Ranked #319 of 458 tracked ETFs · Issued by BondBloxx Investment Management
XHLF Price Performance — Growth of $10,000
Value of a $10,000 investment in XHLF over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
XHLF Drawdown
The "underwater" chart: XHLF's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in XHLF?
See what a lump sum in XHLF would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The Bondbloxx Bloomberg Six Month Target Duration US Treasury ETF is an ultra-short cash instrument issued by BondBloxx Investment Management with $2.01 billion in assets. It holds a C grade and ranks seventh among nine peers in its category, placing it at number 319 overall. The fund’s 0.03% expense ratio is significantly below the category median of 0.15%, while its 3.76% dividend yield trails the median of 4.13%. Top ten holdings account for 75.7% of assets, with the largest position being a US Treasury bill maturing in May 2027.
The fund’s price of $50.24 sits at 46.3% of its 52-week range, reflecting a stable trading pattern over its three-year history. Short-term returns show modest gains, with one-month performance at 0.39% and three-month gains reaching 0.91%. Longer-term results are stronger, as the one-year return of 3.54% approaches the category median of 3.57%, and the three-year return stands at 13.78%. The ETFValuer grade has remained unchanged at C across the last 35 tracked days, indicating consistent relative performance.
With a beta of 0.03, the fund exhibits minimal sensitivity to broader market movements. Annualized volatility is rated as Very Low at 0.31%, and the maximum drawdown has been limited to -0.06%. Despite these low risk metrics, the Sharpe ratio is negative at -4.76, suggesting that risk-adjusted returns have been unfavorable relative to the risk-free rate. Liquidity is supported by an average daily volume of 302,728 shares, providing adequate trading activity for the fund's size.
AI-generated summary based on the data on this page.
XHLF Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | US T BILL ZCP 05/13/27 | 9.19% | $179M |
| 2 | US T BILL ZCP 04/15/27 | 9.07% | $177M |
| 3 | US T BILL ZCP 06/10/27 | 9.06% | $177M |
| 4 | US T BILL ZCP 03/18/27 | 9.05% | $176M |
| 5 | US T BILL ZCP 01/21/27 | 9.00% | $175M |
| 6 | US T BILL ZCP 02/18/27 | 8.20% | $160M |
| 7 | US T BILL ZCP 12/24/26 | 6.20% | $121M |
| 8 | US T BILL ZCP 09/03/26 | 5.50% | $107M |
| 9 | US T BILL ZCP 08/06/26 | 5.50% | $107M |
| 10 | US T BILL ZCP 10/01/26 | 4.91% | $96M |
Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 75.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how XHLF's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Market Backdrop
10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What XHLF's Fees Cost You
XHLF charges an expense ratio of 0.03% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
XHLF Dividend Income Estimator
XHLF currently yields 3.76%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
XHLF Liquidity, Domicile & Tax Treatment
Liquidity: Average daily volume is 303K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $2.01B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: XHLF is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
XHLF Performance History
| Period | Return |
|---|---|
| 1-Day | +0.02% |
| 1-Week | +0.09% |
| 1-Month | +0.39% |
| 3-Month | +0.91% |
| 6-Month | +1.71% |
| YTD | +2.71% |
| 1-Year | +3.54% |
| 3-Year | +13.78% |
How XHLF Compares to Other Ultra-Short / Cash ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #229 | C |
FLOT | iShares Floating Rate Bond ETF | +4.31% | 0.15% | $11.1B |
| #262 | C |
JPST | JPMorgan Ultra-Short Income ETF | +3.43% | 0.18% | $42.1B |
| #271 | C |
SHV | iShares 0–1 Year Treasury Bond ETF | +3.63% | 0.15% | $22.8B |
| #282 | C |
ICSH | iShares Ultra Short Duration Bond Active ETF | +3.57% | 0.08% | $8.84B |
| #301 | C |
MINT | PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | +4.25% | 0.36% | $18.3B |
| #315 | C |
CLIP | Global X 1-3 Month T-Bill ETF | +3.79% | 0.07% | $2.38B |
| #319 | C |
XHLF | Bondbloxx Bloomberg Six Month Target Duration US Treasury ETF | +3.54% | 0.03% | $2.01B |
| #331 | C |
NEAR | iShares Short Duration Bond Active ETF | +1.85% | 0.25% | $5.13B |
| #367 | C |
JSCP | JPMorgan Short Duration Core Plus ETF | +1.25% | 0.33% | $1.83B |