HYSA vs. BBHY

Last updated Jun 5, 2026

HYSA (Bondbloxx USD High Yield Bond Sector Rotation ETF) and BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) are both High Yield Bonds funds. HYSA is actively managed, while BBHY is passively managed. Over the past year, HYSA returned 6.36% vs 7.10% for BBHY. A 0.64 correlation means they provide meaningful diversification when combined. HYSA charges 0.55%/yr vs 0.15%/yr for BBHY.

Performance

HYSA vs. BBHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYSA achieves a 1.26% return, which is significantly lower than BBHY's 1.73% return.

HYSA

• 1D: 0.19%
• 1M: 0.40%
• YTD: 1.26%
• 6M: 1.49%
• 1Y: 6.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBHY

• 1D: 0.15%
• 1M: 0.49%
• YTD: 1.73%
• 6M: 2.18%
• 1Y: 7.10%
• 3Y*: 8.76%
• 5Y*: 4.12%
• 10Y*: —

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

HYSA vs. BBHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	1.26%	8.37%	6.71%	5.98%
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	1.73%	8.51%	7.81%	5.74%

Correlation

The correlation between HYSA and BBHY is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023	0.64

The correlation between HYSA and BBHY has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.

HYSA vs. BBHY - Sectors Allocation Comparison

Sectors	HYSA	BBHY
Communication Services	100.0%	7.9%
Basic Materials	-	3.2%
Consumer Cyclical	-	10.0%
Consumer Defensive	-	2.5%
Energy	-	5.2%
Financial Services	-	4.1%
Healthcare	-	5.4%
Industrials	-	8.4%
Real Estate	-	3.9%
Technology	-	4.0%
Utilities	-	2.0%

Return for Risk

HYSA vs. BBHY — Risk / Return Rank

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

HYSA

HYSA Risk / Return Rank: 42
HYSA Sharpe Ratio Rank: 39
HYSA Sortino Ratio Rank: 41
HYSA Omega Ratio Rank: 38
HYSA Calmar Ratio Rank: 42
HYSA Martin Ratio Rank: 49

BBHY

BBHY Risk / Return Rank: 65
BBHY Sharpe Ratio Rank: 60
BBHY Sortino Ratio Rank: 66
BBHY Omega Ratio Rank: 65
BBHY Calmar Ratio Rank: 62
BBHY Martin Ratio Rank: 73

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.

HYSA vs. BBHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). 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.

	HYSA	BBHY	Difference
Sharpe ratio: Return per unit of total volatility	1.37	1.97	-0.61
Sortino ratio: Return per unit of downside risk	2.02	2.99	-0.97
Omega ratio: Gain probability vs. loss probability	1.25	1.39	-0.14
Calmar ratio: Return relative to maximum drawdown	2.03	3.00	-0.98
Martin ratio: Return relative to average drawdown	8.16	13.50	-5.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYSA vs. BBHY - Sharpe Ratio Comparison

The current HYSA Sharpe Ratio is 1.37, which is lower than the BBHY Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of HYSA and BBHY, 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

	HYSA	BBHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	1.97	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	0.64	+0.73

Drawdowns

HYSA vs. BBHY - Drawdown Comparison

The maximum HYSA drawdown since its inception was -4.90%, smaller than the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for HYSA and BBHY.

Drawdown Indicators

	HYSA	BBHY	Difference
Max Drawdown Largest peak-to-trough decline	-4.90%	-24.98%	+20.08%
Max Drawdown (1Y) Largest decline over 1 year	-3.15%	-2.37%	-0.78%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.32%	—
Current Drawdown Current decline from peak	-0.27%	-0.14%	-0.13%
Average Drawdown Average peak-to-trough decline	-0.68%	-2.37%	+1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	0.53%	+0.25%

Volatility

HYSA vs. BBHY - Volatility Comparison

Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) has a higher volatility of 1.28% compared to JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) at 1.13%. This indicates that HYSA's price experiences larger fluctuations and is considered to be riskier than BBHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYSA	BBHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	1.13%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	3.55%	2.85%	+0.70%
Volatility (1Y) Calculated over the trailing 1-year period	4.68%	3.62%	+1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.08%	7.26%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.08%	7.53%	-1.45%

HYSA vs. BBHY - Expense Ratio Comparison

HYSA has a 0.55% expense ratio, which is higher than BBHY's 0.15% expense ratio.

Dividends

HYSA vs. BBHY - Dividend Comparison

HYSA's dividend yield for the trailing twelve months is around 6.76%, less than BBHY's 6.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	6.94%	7.24%	7.18%	6.49%	5.92%	4.06%	4.73%	4.99%	5.02%	4.81%	1.42%
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	6.76%	6.70%	6.99%	2.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HYSA and BBHY in my portfolio?

HYSA and BBHY have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYSA or BBHY?

HYSA has higher volatility (1.28%) compared to BBHY (1.13%). In terms of maximum drawdown, HYSA dropped -4.90% vs BBHY's -24.98%.

Which ETF is better, HYSA or BBHY?

On 1-year performance, BBHY leads with 7.10% vs 6.36% for HYSA. On fees, BBHY is cheaper at 0.15% per year. On volatility, BBHY has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYSA or BBHY?

Over the 1-year period, BBHY has performed better with a 7.10% return vs 6.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYSA or BBHY?

BBHY is cheaper with a 0.15% expense ratio, compared with 0.55% for HYSA.

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

BBHY has the higher dividend yield at 6.94%, compared with 6.76% for HYSA.

What is the main difference between HYSA and BBHY?

They also come from different issuers: BondBloxx and JPMorgan. Their fees differ too: 0.55% for HYSA and 0.15% for BBHY.

Which has better risk-adjusted returns?

BBHY currently has the higher Sharpe Ratio (1.97 vs 1.37), 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.