HYSA vs. BRHYX

Last updated Jun 26, 2026

HYSA (Bondbloxx USD High Yield Bond Sector Rotation ETF) and BRHYX (BlackRock High Yield K) are both High Yield Bonds funds. Over the past year, HYSA returned 5.80% vs 6.95% for BRHYX. A 0.54 correlation means they provide meaningful diversification when combined. HYSA charges 0.55%/yr vs 0.48%/yr for BRHYX.

Performance

HYSA vs. BRHYX - 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 BlackRock High Yield K (BRHYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with HYSA having a 1.57% return and BRHYX slightly lower at 1.52%.

HYSA

• 1D: 0.03%
• 1M: 0.53%
• YTD: 1.57%
• 6M: 1.70%
• 1Y: 5.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRHYX

• 1D: 0.14%
• 1M: 0.43%
• YTD: 1.52%
• 6M: 2.25%
• 1Y: 6.95%
• 3Y*: 9.42%
• 5Y*: 4.35%
• 10Y*: 6.05%

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

HYSA vs. BRHYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	1.57%	8.37%	6.71%	5.95%
BRHYX BlackRock High Yield K	1.52%	9.44%	8.65%	6.22%

Correlation

The correlation between HYSA and BRHYX is 0.58, 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	0.58
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023	0.54

The correlation between HYSA and BRHYX has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.

Return for Risk

HYSA vs. BRHYX — Risk / Return Rank

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

HYSA

HYSA Risk / Return Rank: 41
HYSA Sharpe Ratio Rank: 39
HYSA Sortino Ratio Rank: 40
HYSA Omega Ratio Rank: 36
HYSA Calmar Ratio Rank: 42
HYSA Martin Ratio Rank: 50

BRHYX

BRHYX Risk / Return Rank: 81
BRHYX Sharpe Ratio Rank: 71
BRHYX Sortino Ratio Rank: 86
BRHYX Omega Ratio Rank: 82
BRHYX Calmar Ratio Rank: 75
BRHYX Martin Ratio Rank: 89

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. BRHYX - 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 BlackRock High Yield K (BRHYX). 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.

	HYSA	BRHYX	Difference
Sharpe ratio: Return per unit of total volatility	1.24	2.05	-0.81
Sortino ratio: Return per unit of downside risk	1.83	3.58	-1.75
Omega ratio: Gain probability vs. loss probability	1.22	1.46	-0.25
Calmar ratio: Return relative to maximum drawdown	1.85	2.97	-1.12
Martin ratio: Return relative to average drawdown	7.41	14.87	-7.47

HYSA vs. BRHYX - Sharpe Ratio Comparison

The current HYSA Sharpe Ratio is 1.24, which is lower than the BRHYX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of HYSA and BRHYX, 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

HYSA vs. BRHYX - Drawdown Comparison

The maximum HYSA drawdown since its inception was -4.90%, smaller than the maximum BRHYX drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for HYSA and BRHYX.

Drawdown Indicators

	HYSA	BRHYX	Difference
Max Drawdown Largest peak-to-trough decline	-4.90%	-34.77%	+29.87%
Max Drawdown (1Y) Largest decline over 1 year	-3.15%	-2.40%	-0.75%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.29%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-23.20%	—
Current Drawdown Current decline from peak	-0.30%	-0.42%	+0.12%
Average Drawdown Average peak-to-trough decline	-0.67%	-2.73%	+2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	0.48%	+0.30%

Volatility

HYSA vs. BRHYX - Volatility Comparison

Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) has a higher volatility of 1.10% compared to BlackRock High Yield K (BRHYX) at 0.88%. This indicates that HYSA's price experiences larger fluctuations and is considered to be riskier than BRHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYSA	BRHYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	0.88%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	3.56%	2.70%	+0.86%
Volatility (1Y) Calculated over the trailing 1-year period	4.70%	3.48%	+1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.03%	5.27%	+0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.03%	5.91%	+0.12%

HYSA vs. BRHYX - Expense Ratio Comparison

HYSA has a 0.55% expense ratio, which is higher than BRHYX's 0.48% expense ratio.

Dividends

HYSA vs. BRHYX - Dividend Comparison

HYSA's dividend yield for the trailing twelve months is around 6.74%, less than BRHYX's 7.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRHYX BlackRock High Yield K	7.18%	7.14%	7.56%	6.20%	4.98%	4.80%	5.22%	5.82%	6.48%	5.92%	6.03%	6.42%
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	6.74%	6.70%	6.99%	2.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HYSA and BRHYX in my portfolio?

HYSA and BRHYX have a correlation of 0.58, 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 BRHYX?

HYSA has higher volatility (1.10%) compared to BRHYX (0.88%). In terms of maximum drawdown, HYSA dropped -4.90% vs BRHYX's -34.77%.

Which has better risk-adjusted returns?

BRHYX currently has the higher Sharpe Ratio (2.05 vs 1.24), 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.