TRSY vs XHLF: Grades, Fees and Holdings Compared

Xtrackers US 0-1 Year Treasury ETF

TRSYACboe

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF

XHLFANYSE Arca

Overlap

No data

Expense ratio

XHLF −0.03pt a year

TRSY0.06%XHLF0.03%

Avg volume · 30D

XHLF 9.3×the volume

TRSY33.2KXHLF309K

TRSY vs XHLF Performance

Oct 31, 2025 – Nov 2, 2026

+3.6%TRSY+3.6%XHLF

Expense ratio: TRSY 0.06%; XHLF 0.03%, better
Fund size: TRSY $103M; XHLF $2.03B
1Y total return: TRSY +3.6%; XHLF +3.6%
Yield (12M): TRSY 3.75%; XHLF 4.08%, better
Holdings: TRSY 89; XHLF 29
Avg volume (30D): TRSY 33.2K sh; XHLF 309K sh, better
NAV per share: TRSY $30.22; XHLF $50.29
52W range

ETF.net Grade

Pillar letters and Scores for TRSY, XHLF, with each pillar’s weight
Pillar	TRSY	XHLF
Cost30% weight	A95	A99Higher
Mission25% weight	A100	A100
Risk15% weight	C48Higher	C47
Tradability15% weight	B56	A78Higher
Holdings10% weight	B61Higher	D35
Durability5% weight	D34	B59Higher

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Same Category. TRSY and XHLF are both graded against the same 78 Cash & Ultra-Short Income funds, so their Grades compare head to head.

Cash & Ultra-Short Income⁠

Category · 78 funds

See all 78 ›

XHLF ranks 5th and TRSY 13th of 78 funds in the Cash & Ultra-Short Income Category.

Rank 5ATBLLInvesco Short Term Treasury ETFScore 80
Rank 5AXHLFBondBloxx Bloomberg Six Month Target Duration US Treasury ETFScore 80
Rank 7ASGOViShares 0-3 Month Treasury Bond ETFScore 79
Rank 13ADUSBDimensional Ultrashort Fixed Income ETFScore 76
Rank 13ATRSYXtrackers US 0-1 Year Treasury ETFScore 76
Rank 15ABILSState Street SPDR Bloomberg 3-12 Month T-Bill ETFScore 75

Our read on each fund

ETF.net Research

TRSYAXtrackers US 0-1 Year Treasury ETF

XHLFABondBloxx Bloomberg Six Month Target Duration US Treasury ETF

In short

TRSY 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

TRSY No data

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

Why people hold it

TRSY 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

TRSY 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 TRSY profile⁠

Full XHLF profile⁠

TRSY vs XHLF Holdings

How TRSY and XHLF differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Asset classFixed Income100%
Countryby domicile100%

Sector

No Sector split for TRSY and XHLF.

Country, concentration and asset class

Country by domicile

Country weights in TRSY and XHLF, widest gap first
Country	More in TRSYMore in XHLF	TRSY	XHLF
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

TRSY28.5%
XHLF79.1%

Securities held

TRSY88
XHLF29

Asset class

TRSY: Fixed Income
XHLF: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. TRSY holds 88 securities, XHLF 29.

All 101 TRSY 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.

TRSY vs XHLF Cost

Overpaying TRSY vs XHLF

$632

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

TRSY 0.06%
$1,270
XHLF 0.03%
$638

Amount$10,000

Years30 years

Cost over time

TRSY 0.06%
XHLF 0.03%
Overpaying

Year by year

Year	TRSY	XHLF	Overpaying
10	$110	$55	$55
20	$432	$216	$216
30	$1,270	$638	$632

Expense ratio

0.06%TRSY
0.03%XHLF, cheaper

XHLF0.03%TRSY0.06%

0.03%1.00%

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

XHLF cheapest of 78 funds

TRSY 6th cheapest of 78 funds

TRSY vs XHLF Dividends

Last 12 months to Nov 2, 2026

Yield (12M): TRSY 3.75%; XHLF 4.08%, better
Payout (12M): TRSY $1.13; XHLF $2.05
Last payment: TRSY $0.10; XHLF $0.16
Ex-dividend: TRSY Nov 2, 2026; XHLF Nov 2, 2026
Paid on: TRSY Pays Nov 9, 2026; XHLF Pays Nov 5, 2026
Frequency: TRSY Monthly; XHLF Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

TRSYMonthly · 24 paymentsAll TRSY payments⁠

XHLFMonthly · 46 paymentsAll XHLF payments⁠

TRSY vs XHLF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: TRSY 0.2%since Nov 2024XHLF 0.3%
Return per unit of riskSharpe ratio, 3 years: TRSY −0.48since Nov 2024XHLF −0.52
Worst fallMax drawdown, 5 years: TRSY −0.8%since Oct 2024XHLF −0.1%since Sep 2022
Market sensitivityBeta, 5 years: TRSY 0.02XHLF 0.03; Market = 1

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