BBBS vs. HYSA

Last updated Aug 5, 2026

BBBS (Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF) and HYSA (Bondbloxx USD High Yield Bond Sector Rotation ETF) are both exchange-traded funds - BBBS is a Short-Term Bond fund tracking the Bloomberg U.S. Corporate BBB 1-5 Year Index, while HYSA is a High Yield Bonds fund actively managed by BondBloxx. BBBS is passively managed, while HYSA is actively managed. Over the past year, BBBS returned 3.24% vs 3.82% for HYSA. Their 0.39 correlation means their historical movements had little consistent relationship. BBBS charges 0.19%/yr vs 0.55%/yr for HYSA.

Performance

BBBS vs. HYSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) and Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBBS achieves a 1.10% return, which is significantly lower than HYSA's 1.64% return.

BBBS

• 1D: 0.19%
• 1M: 0.05%
• 6M: 0.81%
• YTD: 1.10%
• 1Y: 3.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.04%

HYSA

• 1D: 0.37%
• 1M: -0.18%
• 6M: 1.09%
• YTD: 1.64%
• 1Y: 3.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF	$1.16M	$1.09M	$1.73M
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	$394.63K	$835.56K	$981.20K

BBBS vs. HYSA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF	1.10%	6.67%	4.97%
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	1.64%	8.37%	7.06%

Correlation

The correlation between BBBS and HYSA is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024	0.39

Return for Risk

BBBS vs. HYSA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BBBS

BBBS Risk / Return Rank: 66
BBBS Sharpe Ratio Rank: 68
BBBS Sortino Ratio Rank: 71
BBBS Omega Ratio Rank: 69
BBBS Calmar Ratio Rank: 56
BBBS Martin Ratio Rank: 65

HYSA

HYSA Risk / Return Rank: 32
HYSA Sharpe Ratio Rank: 30
HYSA Sortino Ratio Rank: 29
HYSA Omega Ratio Rank: 27
HYSA Calmar Ratio Rank: 33
HYSA Martin Ratio Rank: 41

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BBBS vs. HYSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) and Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BBBS	HYSA	Difference
Sharpe ratio: Return per unit of total volatility	1.77	0.82	+0.95
Sortino ratio: Return per unit of downside risk	2.57	1.19	+1.37
Omega ratio: Gain probability vs. loss probability	1.33	1.14	+0.19
Calmar ratio: Return relative to maximum drawdown	2.25	1.22	+1.03
Martin ratio: Return relative to average drawdown	8.79	4.85	+3.95

BBBS vs. HYSA - Sharpe Ratio Comparison

The current BBBS Sharpe Ratio is 1.77, which is higher than the HYSA Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of BBBS and HYSA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBBS vs. HYSA - Drawdown Comparison

The maximum BBBS drawdown since its inception was -1.45%, smaller than the maximum HYSA drawdown of -4.90%. Use the drawdown chart below to compare losses from any high point for BBBS and HYSA.

Drawdown Indicators

	BBBS	HYSA	Difference
Max Drawdown Largest peak-to-trough decline	-1.45%	-4.90%	+3.45%
Max Drawdown (1Y) Largest decline over 1 year	-1.45%	-3.15%	+1.70%
Current Drawdown Current decline from peak	-0.04%	-0.23%	+0.19%
Average Drawdown Average peak-to-trough decline	-0.28%	-0.67%	+0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.37%	0.81%	-0.44%

Volatility

BBBS vs. HYSA - Volatility Comparison

The current volatility for Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) is 0.57%, while Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) has a volatility of 1.28%. This indicates that BBBS experiences smaller price fluctuations and is considered to be less risky than HYSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBBS	HYSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.57%	1.28%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	1.54%	3.62%	-2.08%
Volatility (1Y) Calculated over the trailing 1-year period	1.84%	4.80%	-2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.23%	5.97%	-3.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.23%	5.97%	-3.74%

BBBS vs. HYSA - Expense Ratio Comparison

BBBS has a 0.19% expense ratio, which is lower than HYSA's 0.55% expense ratio.

Dividends

BBBS vs. HYSA - Dividend Comparison

BBBS's dividend yield for the trailing twelve months is around 4.58%, less than HYSA's 6.73% yield.

Position	TTM	2025	2024	2023
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF	4.58%	4.55%	4.31%	0.00%
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	6.73%	6.70%	6.99%	2.65%

Frequently Asked Questions

Can I hold both BBBS and HYSA in my portfolio?

BBBS and HYSA have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBBS or HYSA?

HYSA has higher volatility (1.28%) compared to BBBS (0.57%). In terms of maximum drawdown, BBBS dropped -1.45% vs HYSA's -4.90%.

Which ETF is better, BBBS or HYSA?

On 1-year performance, HYSA leads with 3.82% vs 3.24% for BBBS. On fees, BBBS is cheaper at 0.19% per year. On volatility, BBBS has been the lower-risk option at 0.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBBS or HYSA?

Over the 1-year period, HYSA has performed better with a 3.82% return vs 3.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBBS or HYSA?

BBBS is cheaper with a 0.19% expense ratio, compared with 0.55% for HYSA.

Which ETF pays a higher dividend yield, BBBS or HYSA?

HYSA has the higher dividend yield at 6.73%, compared with 4.58% for BBBS.

What is the main difference between BBBS and HYSA?

BBBS is categorized as Short-Term Bond, while HYSA is High Yield Bonds. Their fees differ too: 0.19% for BBBS and 0.55% for HYSA.

Which has better risk-adjusted returns?

BBBS currently has the higher Sharpe Ratio (1.77 vs 0.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.