HIGH vs. HYSA

Last updated Jun 4, 2026

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 -3.46% vs 6.26% for HYSA. At a 0.26 correlation, their price movements are largely independent. HIGH charges 0.51%/yr vs 0.55%/yr for HYSA.

Performance

HIGH vs. HYSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Enhanced Income ETF (HIGH) 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, HIGH achieves a -0.38% return, which is significantly lower than HYSA's 1.08% return.

HIGH

• 1D: -0.32%
• 1M: 1.63%
• YTD: -0.38%
• 6M: -1.48%
• 1Y: -3.46%
• 3Y*: 3.02%
• 5Y*: —
• 10Y*: —

HYSA

• 1D: -0.45%
• 1M: 0.31%
• YTD: 1.08%
• 6M: 1.44%
• 1Y: 6.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HIGH vs. HYSA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HIGH Simplify Enhanced Income ETF	-0.38%	4.35%	1.52%	0.97%
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	1.08%	8.37%	6.71%	5.98%

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 19, 2023	0.26

HIGH vs. HYSA - Sectors Allocation Comparison

Sectors	HIGH	HYSA
Financial Services	71.3%	-
Basic Materials	-	-
Communication Services	-	100.0%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

HIGH vs. HYSA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HIGH

HIGH Risk / Return Rank: 5
HIGH Sharpe Ratio Rank: 5
HIGH Sortino Ratio Rank: 4
HIGH Omega Ratio Rank: 4
HIGH Calmar Ratio Rank: 5
HIGH Martin Ratio Rank: 6

HYSA

HYSA Risk / Return Rank: 39
HYSA Sharpe Ratio Rank: 37
HYSA Sortino Ratio Rank: 38
HYSA Omega Ratio Rank: 35
HYSA Calmar Ratio Rank: 39
HYSA Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	HIGH	HYSA	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	1.35	-1.74
Sortino ratio: Return per unit of downside risk	-0.51	1.99	-2.50
Omega ratio: Gain probability vs. loss probability	0.94	1.24	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.37	2.00	-2.36
Martin ratio: Return relative to average drawdown	-0.53	8.04	-8.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIGH vs. HYSA - Sharpe Ratio Comparison

The current HIGH Sharpe Ratio is -0.39, which is lower than the HYSA Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of HIGH 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.

Sharpe Ratios by Period

	HIGH	HYSA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.39	1.35	-1.74
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	1.36	-0.97

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.

Drawdown Indicators

	HIGH	HYSA	Difference
Max Drawdown Largest peak-to-trough decline	-9.50%	-4.90%	-4.60%
Max Drawdown (1Y) Largest decline over 1 year	-9.50%	-3.15%	-6.35%
Max Drawdown (3Y) Largest decline over 3 years	-9.50%	—	—
Current Drawdown Current decline from peak	-7.11%	-0.45%	-6.66%
Average Drawdown Average peak-to-trough decline	-2.37%	-0.68%	-1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.53%	0.78%	+5.75%

Volatility

HIGH vs. HYSA - Volatility Comparison

Simplify Enhanced Income ETF (HIGH) and Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) have volatilities of 1.23% and 1.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIGH	HYSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.23%	1.27%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	3.50%	3.57%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	8.83%	4.70%	+4.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.56%	6.08%	+3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.56%	6.08%	+3.48%

HIGH vs. HYSA - Expense Ratio Comparison

HIGH has a 0.51% 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 7.33%, more than HYSA's 6.77% yield.

Position	TTM	2025	2024	2023	2022
HIGH Simplify Enhanced Income ETF	7.33%	7.71%	8.34%	9.40%	0.62%
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	6.77%	6.70%	6.99%	2.65%	0.00%

Frequently Asked Questions

Can I hold both HIGH and HYSA in my portfolio?

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.

Which is riskier, HIGH or HYSA?

HYSA has higher volatility (1.27%) compared to HIGH (1.23%). In terms of maximum drawdown, HIGH dropped -9.50% vs HYSA's -4.90%.

Which ETF is better, HIGH or HYSA?

On 1-year performance, HYSA leads with 6.26% vs -3.46% for HIGH. On fees, HIGH is cheaper at 0.51% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HIGH or HYSA?

Over the 1-year period, HYSA has performed better with a 6.26% return vs -3.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HIGH or HYSA?

HIGH is cheaper with a 0.51% expense ratio, compared with 0.55% for HYSA.

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

HIGH has the higher dividend yield at 7.33%, compared with 6.77% for HYSA.

What is the main difference between HIGH and 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: 0.51% for HIGH and 0.55% for HYSA.

Which has better risk-adjusted returns?

HYSA currently has the higher Sharpe Ratio (1.35 vs -0.39), 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.