LBOX vs XHLF: Grades, Fees and Holdings Compared

GraniteShares Short Term Box ETF

LBOX—Cboe

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF

XHLFANYSE Arca

Overlap

0.0%by weight

Expense ratio

XHLF −0.10pt a year

LBOX0.13%XHLF0.03%

Avg volume · 30D

XHLF 79.8×the volume

LBOX3.87KXHLF309K

LBOX vs XHLF Performance

Sep 30, 2026 – Oct 30, 2026

+0.4%LBOX+0.4%XHLF

Expense ratio: LBOX 0.13%; XHLF 0.03%, better
Fund size: LBOX $3M; XHLF $2.03B
1Y total return: LBOX No data; XHLF +3.6%
Yield (12M): LBOX No data; XHLF 3.75%
Holdings: LBOX 3; XHLF 29
Avg volume (30D): LBOX 3.87K sh; XHLF 309K sh, better
NAV per share: LBOX $25.19; XHLF $50.29
52W range

ETF.net Grade

—LBOXNot yet graded

Pillar letters and Scores for LBOX, XHLF, with each pillar’s weight
Pillar	LBOX	XHLF
Cost30% weight	Not scored	A99
Mission25% weight	Not scored	A100
Risk15% weight	Not scored	C47
Tradability15% weight	Not scored	A79
Holdings10% weight	Not scored	D35
Durability5% weight	Not scored	B59

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Cash & Ultra-Short Income⁠

Category · 78 funds

See all 78 ›

XHLF ranks 4th of 78 funds in the Cash & Ultra-Short Income Category.

Rank 4AVBILVanguard 0-3 Month Treasury Bill ETFScore 80
Rank 4AXHLFBondBloxx Bloomberg Six Month Target Duration US Treasury ETFScore 80
Rank 7ASGOViShares 0-3 Month Treasury Bond ETFScore 79
LBOXNot yet graded

Our read on each fund

ETF.net Research

LBOX—GraniteShares Short Term Box ETF

XHLFABondBloxx Bloomberg Six Month Target Duration US Treasury ETF

In short

LBOX No data

XHLF Most cash-parking funds pick a maturity bucket. XHLF picks a number: it blends Treasury bills to an average duration of about six months, resets to that target monthly, and charges three basis points to do it.

Stated mandate

LBOX No data

XHLF The Fund seeks to track the investment results of an index composed of U.S. Treasury securities.

Why people hold it

LBOX No data

XHLF Costs 0.03% a year, against a typical short-Treasury peer near 0.14%. In cash-like funds, where returns come from bills everyone owns, fee is the main lever.
Tracks an index built to hold an average duration of roughly six months, rebalanced monthly, so exposure stays anchored instead of drifting as bills mature.bondbloxxetf.com
Sits in the gap between 0-3 month bill funds and one-year funds. Its sibling XONE targets a one-year duration at the same 0.03%, so the two can be mixed to dial in duration.
US Treasury bills only, no credit bets hiding in the portfolio, run in a multi-billion-dollar fund that has stayed close to its index.

Worth knowing

LBOX No data

XHLF Six months of duration is not zero. Prices move a touch more when yields shift than in 0-3 month bill funds such as BIL or CLIP.
Income rides whatever Treasury bills happen to pay, and distributions arrive on an irregular rhythm rather than a fixed amount or schedule.
Volume is moderate next to the largest bill ETFs, so spreads can be a bit wider, which matters more on big tickets than small ones.

Full LBOX profile⁠

Full XHLF profile⁠

LBOX vs XHLF Holdings

How LBOX and XHLF differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of LBOX and 0.0% of XHLF.

Level by level

Asset classEquity, Fixed Income0.0%
Holdings0 in both0.0%
Countryby domicile99.5%

Sector

No Sector split for XHLF.

Country, concentration and asset class

Country by domicile

Country weights in LBOX and XHLF, widest gap first
Country	More in LBOXMore in XHLF	LBOX	XHLF
United States	XHLF +0.5 points	99.5%	100.0%
Switzerland	LBOX +0.3 points	0.3%	0.0%
China	LBOX +0.1 points	0.1%	0.0%
Mexico	LBOX +0.1 points	0.1%	0.0%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

LBOX100.0%
XHLF79.1%

Securities held

LBOX2
XHLF29

Asset class

LBOX: Equity
XHLF: Fixed Income

Holdings

Only in LBOX2
In both0
Only in XHLF29

Only in LBOX

2 securities, 99.0% of LBOX by weight

2SPY 11/20/2026 C500.0053.73%
2SPY 11/20/2026 P1000.0045.24%

Only in XHLF

29 securities, 100% of XHLF by weight

Us T Bill Zcp 05/13/279.27%
Us T Bill Zcp 03/18/279.13%
Us T Bill Zcp 07/08/279.11%
Us T Bill Zcp 08/05/278.90%
Us T Bill Zcp 06/10/278.85%
Us T Bill Zcp 04/15/277.94%
Us T Bill Zcp 09/02/277.19%
Us T Bill Zcp 01/21/276.53%
Us T Bill Zcp 12/24/266.26%
Us T Bill Zcp 02/18/275.91%
Us T Bill Zcp 10/28/274.73%
Cashusd4.27%
Us T Bill Zcp 09/30/273.85%
Us T Bill Zcp 11/27/261.84%
Us T Bill Zcp 11/12/261.63%
Us T Bill Zcp 12/17/261.08%
Us T Bill Zcp 11/05/261.02%
Us T Bill Zcp 11/19/260.99%
Us T Bill Zcp 12/03/260.98%
Us T Bill Zcp 12/10/260.76%
Us T Bill Zcp 12/31/260.73%
Us T Bill Zcp 12/08/260.59%
Us T Bill Zcp 12/15/260.52%
Us T Bill Zcp 01/28/270.49%
Us T Bill Zcp 11/10/260.37%
Us T Bill Zcp 12/22/260.34%
Us T Bill Zcp 11/17/260.24%
Us T Bill Zcp 01/05/270.20%
Us T Bill Zcp 01/07/270.20%

Weight gaps

LBOX and XHLF share no securities.

All LBOX holdings⁠All XHLF holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

LBOX vs XHLF Cost

Overpaying LBOX vs XHLF

$2,189

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

LBOX 0.1349%
$2,827
XHLF 0.03%
$638

Amount$10,000

Years30 years

Cost over time

LBOX 0.1349%
XHLF 0.03%
Overpaying

Year by year

Year	LBOX	XHLF	Overpaying
10	$247	$55	$192
20	$964	$216	$748
30	$2,827	$638	$2,189

Expense ratio

0.13%LBOX
0.03%XHLF, cheaper

XHLF0.03%LBOX0.13%

0.03%1.00%

Middle half of Cash & Ultra-Short Income funds
Median 0.18%

XHLF cheapest of 78 funds

LBOX 17th cheapest of 78 funds

LBOX vs XHLF Dividends

Last 12 months to Oct 30, 2026

Yield (12M): LBOX No data; XHLF 3.75%
Payout (12M): LBOX None; XHLF $1.89
Last payment: LBOX No data; XHLF $0.15
Ex-dividend: LBOX No data; XHLF Oct 1, 2026
Paid on: LBOX No data; XHLF Oct 6, 2026
Frequency: LBOX No data; XHLF Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

LBOXAll LBOX payments⁠

No distribution history available.

XHLFMonthly · 45 paymentsAll XHLF payments⁠

LBOX vs XHLF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: LBOX No dataXHLF 0.3%
Return per unit of riskSharpe ratio, 3 years: LBOX No dataXHLF −0.52
Worst fallMax drawdown, 5 years: LBOX No dataXHLF −0.1%since Sep 2022
Market sensitivityBeta, 5 years: LBOX 0.00XHLF 0.03; Market = 1

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