XHLF — Bondbloxx Bloomberg Six Month Target Duration US Treasury ETF

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.

Overview

The Bondbloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) operates within the Ultra-Short / Cash category, which currently contains 9 ETFs tracked by ETFValuer. Issued by BondBloxx Investment Management, the fund has accumulated $1.88 billion in assets under management while trading at a price of $50.25. It holds an overall rank of #359 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 53.1 out of 100. The fund offers a low cost structure with an expense ratio of 0.03% and provides a dividend yield of 3.84%. The substantial asset size relative to the small category count suggests significant investor adoption for this specific strategy. This combination of low fees and high yield positions the fund as a notable option within its narrow peer group despite its mid-tier overall ranking.

Over the most recent trading day, the fund posted a return of +0.04%, followed by a +0.02% gain over the one-week period. Monthly performance accelerated to +0.28% over the last month and +0.81% over the three-month horizon. The six-month return reached +1.68%, while year-to-date gains stand at +1.78%. Annual returns have shown further strength at +3.79% over the last year, contrasting with a three-year cumulative return of +14.24%. The data indicates a consistent upward trajectory across all measured timeframes from one day to three years. This pattern demonstrates steady accumulation of value without significant periods of negative performance in the reported windows.

The fund carries a Very Low volatility label and exhibits a beta of 0.03, indicating minimal sensitivity to broader market movements. Despite the low volatility, the Sharpe ratio is recorded at -3.75, suggesting that the risk-adjusted returns have been negative relative to the risk-free rate over the calculation period. The maximum drawdown was limited to -0.06%, reflecting the fund's ability to preserve capital during market stress. This combination of extremely low beta and minimal drawdown implies the fund behaves as a stable store of value rather than a growth engine. However, the negative Sharpe ratio highlights a disconnect between the low risk profile and the absolute return generation in the measured timeframe.

AI-generated summary based on the data on this page.

XHLF Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 76.8% 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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

XHLF Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.18% and average daily volume is 361K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.88B 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

How XHLF Compares to Other Ultra-Short / Cash ETFs