HIGH vs. HYSA
HIGH (Simplify Enhanced Income ETF) and HYSA (Bondbloxx USD High Yield Bond Sector Rotation ETF) are both exchange-traded funds - HIGH is a Derivative Income fund actively managed by Simplify, while HYSA is a High Yield Bonds fund actively managed by BondBloxx. Both are actively managed. Over the past year, HIGH returned -2.26% vs 5.33% for HYSA. At a 0.26 correlation, their price movements are largely independent. HIGH charges 0.50%/yr vs 0.55%/yr for HYSA.
Performance
HIGH vs. HYSA - Performance Comparison
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Returns By Period
In the year-to-date period, HIGH achieves a -0.61% return, which is significantly lower than HYSA's 1.69% return.
HIGH
- 1D
- -0.53%
- 1M
- -0.23%
- 6M
- -0.45%
- YTD
- -0.61%
- 1Y
- -2.26%
- 3Y*
- 2.69%
- 5Y*
- —
- 10Y*
- —
HYSA
- 1D
- -0.13%
- 1M
- -0.02%
- 6M
- 1.32%
- YTD
- 1.69%
- 1Y
- 5.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HIGH vs. HYSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HIGH Simplify Enhanced Income ETF | -0.61% | 4.35% | 1.52% | 1.09% |
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 1.69% | 8.37% | 6.71% | 5.95% |
Correlation
The correlation between HIGH and HYSA is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | 0.26 |
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Return for Risk
HIGH vs. HYSA — Risk / Return Rank
HIGH
HYSA
HIGH vs. HYSA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Enhanced Income ETF (HIGH) 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.
| HIGH | HYSA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.20 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 1.70 | -2.02 |
| Martin ratioReturn relative to average drawdown | -0.52 | 6.78 | -7.30 |
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Drawdowns
HIGH vs. HYSA - Drawdown Comparison
The maximum HIGH drawdown since its inception was -9.50%, which is greater than HYSA's maximum drawdown of -4.90%. Use the drawdown chart below to compare losses from any high point for HIGH and HYSA.
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Drawdown Indicators
| HIGH | HYSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.50% | -4.90% | -4.60% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -3.15% | -3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -9.50% | — | — |
Current DrawdownCurrent decline from peak | -7.33% | -0.19% | -7.14% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -0.67% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 0.79% | +3.55% |
Volatility
HIGH vs. HYSA - Volatility Comparison
Simplify Enhanced Income ETF (HIGH) has a higher volatility of 1.87% compared to Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) at 1.21%. This indicates that HIGH's price experiences larger fluctuations and is considered to be riskier than HYSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIGH | HYSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 1.21% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 3.62% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.25% | 4.78% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.48% | 6.01% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.48% | 6.01% | +3.47% |
HIGH vs. HYSA - Expense Ratio Comparison
HIGH has a 0.50% expense ratio, which is lower than HYSA's 0.55% expense ratio.
Dividends
HIGH vs. HYSA - Dividend Comparison
HIGH's dividend yield for the trailing twelve months is around 7.10%, more than HYSA's 6.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HIGH Simplify Enhanced Income ETF | 7.10% | 7.71% | 8.34% | 9.40% | 0.62% |
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 6.71% | 6.70% | 6.99% | 2.65% | 0.00% |
Frequently Asked Questions
HIGH and HYSA have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIGH has higher volatility (1.87%) compared to HYSA (1.21%). In terms of maximum drawdown, HIGH dropped -9.50% vs HYSA's -4.90%.
On 1-year performance, HYSA leads with 5.33% vs -2.26% for HIGH. On fees, HIGH is cheaper at 0.50% per year. On volatility, HYSA has been the lower-risk option at 1.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYSA has performed better with a 5.33% return vs -2.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HIGH is cheaper with a 0.50% expense ratio, compared with 0.55% for HYSA.
HIGH has the higher dividend yield at 7.10%, compared with 6.71% for HYSA.
HIGH is categorized as Derivative Income, while HYSA is High Yield Bonds. They also come from different issuers: Simplify and BondBloxx. Their fees differ too: 0.50% for HIGH and 0.55% for HYSA.
HYSA currently has the higher Sharpe Ratio (1.12 vs -0.31), 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.
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