PBLvsXHLFETF Comparison
VS
ETF 2
XHLF
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
This fund is part of
Money Market Bonds
+0.01%
PGIM Portfolio Ballast ETF (PBL) belongs to the Options Strategies segment. BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) is part of the Money Market Bonds segment. PBL's top 3 sector exposures are Sovereign, Non-Corporate and Technology. In contrast, XHLF's top sector exposures are Sovereign. PBL is more expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.03% for XHLF. PBL is up 8.67% year-to-date (YTD) with -$2M in YTD flows. XHLF performs worse with 2.25% YTD performance, and +$13M in YTD flows. Run a side-by-side ETF comparison of PBL and XHLF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PBL vs XHLF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PBL XHLF | +1.30%+0.28% | +0.60%+0.87% | +8.67%+2.25% | +14.05%+3.65% | +47.72%+14.15% | n/an/a |
| Flows | PBL XHLF | -+$61M | -$2M+$84M | -$2M+$13M | +$2M+$85M | +$37M+$1.09B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PBL XHLF | +9.54%+0.26% | +8.83%+0.22% | +9.17%+0.27% | n/an/a |
| Max drawdown | PBL XHLF | -3.11%-0.02% | -5.85%-0.02% | -11.66%-0.04% | n/an/a |
| Max drawdown duration | PBL XHLF | 62d4d | 75d4d | 200d8d | n/an/a |
Trading data
PBL | XHLF | |
Last sale 9/2/2026 at 1:30 PM | $33.53 | $50.17 |
| Previous close 09/02/2026 | $33.43 | $50.15 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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PBL
is actively managed and doesn’t replicate an indexPBL | XHLF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
PBL | XHLF | |
|---|---|---|
| Last price | $33.53 | $50.17 |
| 1D performance | +0.30% | +0.04% |
| AuM | $79.27 M | $2.00 B |
| E/R | 0.45% | 0.03% |
Characteristics
PBL | XHLF | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | PGIM | Bondbloxx Investment Management LLC |
| Benchmark | - | Bloomberg US Treasury Six Month Duration Index |
| N° of holdings | 601 | 28 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 12, 2022 | September 13, 2022 |
| ESG | No | No |
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Exposure
Countries
PBL
USA
73.54%
Other
26.46%
XHLF
USA
99.91%
Other
0.09%
Sectors
PBL
Sovereign
56.66%
Non-Corporate
13.75%
Other
29.6%
XHLF
Sovereign
99.91%
Other
0.09%
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Diversification
PBL
Total weight of top 15 holdings out of 15
63.97%
XHLF
Total weight of top 15 holdings out of 15
89.28%
Top 15 holdings
Data as of July 31, 2026
PBL
USA, Notes 4.125% 31oct2029, USD (AF-2029)
19.84%
USA, Notes 3.625% 30sep2031, USD (Q-2031)
16.25%
PGIM Core Government Money Market Fund
13.74%
USA, Notes 4.125% 31oct2026, USD (BJ-2026)
7.21%
USA, Notes 3.875% 15aug2034, USD (E-2034)
5.14%
NVIDIA Corp.
0.24%
Apple, Inc.
0.24%
Microsoft Corp.
0.17%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.17%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.16%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.16%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.16%
USA, Notes 4.125% 15feb2036, USD (B-2036)
0.16%
USA, Notes 4.25% 15may2035, USD (C-2035)
0.16%
USA, Notes 4.25% 15aug2035, USD (E-2035)
0.16%
XHLF
USA, Bills 0% 13may2027, USD (364D)
9.19%
USA, Bills 0% 15apr2027, USD (364D)
9.07%
USA, Bills 0% 10jun2027, USD (364D)
9.06%
USA, Bills 0% 18mar2027, USD (364D)
9.05%
USA, Bills 0% 21jan2027, USD (364D)
9.00%
USA, Bills 0% 18feb2027, USD (364D)
8.20%
USA, Bills 0% 24dec2026, USD (363D)
6.20%
USA, Bills 0% 3sep2026, USD (364D)
5.50%
USA, Bills 0% 6aug2026, USD (364D)
5.50%
USA, Bills 0% 1oct2026, USD (364D)
4.91%
USA, Bills 0% 27nov2026, USD (364D)
4.26%
USA, Bills 0% 29oct2026, USD (364D)
4.19%
USA, Bills 0% 20aug2026, USD (182D)
2.04%
USA, Bills 0% 13aug2026, USD (182D)
1.61%
USA, Bills 0% 10sep2026, USD (182D)
1.50%
Frequently asked questions about PBL and XHLF
How have the PBL and XHLF ETFs performed in 2026?
As of September 1, 2026, PBL is up 8.67% year-to-date (YTD), while XHLF has returned 2.25%. That puts PBL better performer ahead so far this year.
Which ETF is attracting more investor money: PBL or XHLF?
Year-to-date, the PBL ETF saw -$2M in flows, compared to +$13M for XHLF.
Which ETF is more volatile: PBL or XHLF?
Over the past year, PBL had a volatility of 8.83%, while XHLF experienced 0.22%.
Which ETF is bigger: PBL or XHLF?
As of September 1, 2026, PBL holds $79.27 M in assets under management (AUM), while XHLF manages $2.00 B.
What sectors do the PBL and XHLF ETFs invest in?
PBL leans toward sectors like Sovereign and Non-Corporate. Meanwhile, XHLF focuses on Sovereign.
What are the top holdings of the PBL ETF and XHLF ETF?
PBL top holdings include USA, Notes 4.125% 31oct2029, USD (AF-2029), USA, Notes 3.625% 30sep2031, USD (Q-2031) and PGIM Core Government Money Market Fund. XHLF holds in its top three: USA, Bills 0% 13may2027, USD (364D), USA, Bills 0% 15apr2027, USD (364D) and USA, Bills 0% 10jun2027, USD (364D).
Which ETF is more diversified: PBL or XHLF?
PBL holds 609 securities with 63.97% of its assets in the top 15. XHLF has 28 securities and a top 15 weight of 89.28%.
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