ETF Evaluator:
BondBloxx Bloomberg ThreeYrTrgDurUSTrETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Short Government Over the Last Year
| 16.0% | SoFi Enhanced Yield ETF (THTA) |
| 4.9% | First Trust Low Duration Oppos ETF (LMBS) |
| 3.9% | Xtrackers US 0-1 Year Treasury ETF (TRSY) |
| 3.8% | Franklin Short Duration US Govt ETF (FTSD) |
| 3.8% | Short Government () |
Risk
Index
Risk
Index
ETF Details
BondBloxx Bloomberg ThreeYrTrgDurUSTrETF Overview
BondBloxx Bloomberg ThreeYrTrgDurUSTrETF (XTRE) is a passively managed Taxable Bond Short Government exchange-traded fund (ETF). BondBloxx Investment Management launched the ETF in 2022.
The investment seeks to track the investment results of the Bloomberg U.S. Treasury 3 Year Duration Index composed of U.S. Treasury securities with a duration between 2 and 4 years.
Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in a portfolio of U.S. Treasury securities that collectively have an average duration of approximately 3 years, either directly or indirectly (e.g., through derivatives). The index is comprised of certain U.S. Treasury notes and bonds that are included in the Bloomberg U.S. Treasury Index. It is non-diversified.
About BondBloxx Bloomberg ThreeYrTrgDurUSTrETF (XTRE)
There are 2 members of the management team with an average tenure of 3.15 years: Elya Schwartzman (2022) and Daniel Goldman (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Treasury Bills TR USD index with a weighting of 100% and Bloomberg US Treasury 3 Yr TR USD index with a weighting of 100%. BondBloxx Bloomberg ThreeYrTrgDurUSTrETF has 76 securities in its portfolio. The top 10 holdings constitute 23.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
BondBloxx Bloomberg ThreeYrTrgDurUSTrETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. BondBloxx Bloomberg ThreeYrTrgDurUSTrETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 100.0% (100.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). BondBloxx Bloomberg ThreeYrTrgDurUSTrETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $163 million in total assets, which is below the $3 billion average for the Short Government category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
XTRE Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BondBloxx Bloomberg ThreeYrTrgDurUSTrETF expense ratio is low compared to funds in the Short Government category. BondBloxx Bloomberg ThreeYrTrgDurUSTrETF has an expense ratio of 0.05%, which is 66% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. BondBloxx Bloomberg ThreeYrTrgDurUSTrETF has a portfolio turnover rate of 56%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 190% for the Short Government category.
Recently, in the month of July 2026, BondBloxx Bloomberg ThreeYrTrgDurUSTrETF returned -0.2%, which earned it a grade of F, as the Short Government category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
BondBloxx Bloomberg ThreeYrTrgDurUSTrETF has a trailing yield of 4.01%, which is below the 4.28% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
BondBloxx Bloomberg ThreeYrTrgDurUSTrETF Grades
Year to date, the ETF has returned -0.0%, 1.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 2.5% over the past year (grade of F) and 4.1% over the past three years (grade of F).
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XTRE Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| XTRE Return (NAV) | -0.2% | -0.2% | 2.5% | 4.1% | na | na |
| XTRE Return (Price) | -0.1% | -0.2% | 2.5% | 4.1% | na | na |
| NAV +/- Price Return | -0.019% | -0.015% | -0.022% | -0.022% | na | na |
| Short Government Avg | 0.1% | 0.4% | 3.8% | 4.4% | 2.0% | 1.9% |
| XTRE Grade (NAV) | F | F | F | F | na | na |
| +/- Category (NAV) | -0.3% | -0.5% | -1.2% | -0.3% | na | na |
| XTRE Tax-Cost Ratio | na | na | 1.6% | 1.6% | na | na |
XTRE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| XTRE Return (NAV) | -0.0% | 6.2% | 2.9% | 4.3% | na | na | na | na | na | na | na |
| XTRE Return (Price) | 0.0% | 6.0% | 3.0% | 4.4% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -2.982% | -0.025% | 0.032% | 0.025% | na | na | na | na | na | na | na |
| Short Government Avg | 1.2% | 4.5% | 4.2% | 4.5% | -4.2% | -0.8% | 3.3% | 3.8% | 1.4% | 0.9% | 1.8% |
| XTRE Grade (NAV) | F | A | F | C | na | na | na | na | na | na | na |
| +/- Category | -1.2% | 1.7% | -1.3% | -0.2% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.43 |
| R-Squared: | 82% |
| Standard Deviation: | 2.7% |
| Category Risk Index: | 1.59 |
| Category Risk Rating: | High |
| Total Risk Index: | 0.22 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 4.0% |
| Total Assets: | $ 164 Mil |
| Share Class Assets: | $ 164 Mil |
| Turnover: | 56.0% |
| Expense Ratio: | 0.05% |
| Index Fund: | Yes |
| Index Tracked: | Bloomberg US Treasury Bills TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 3.9 years | |||
| Average Tenure: 3.2 years | |||
| Managers (Year): Schwartzman Elya (2022), Goldman Daniel (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 76 |
| % in Top 10 Holdings: | 23.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 100.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | BondBloxx Investment Management |
| Phone Number: | 800-896-5089 |
| Website: | |
| Inception Date: | September 13, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.05% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.15% |
