HYSA vs. GSG
HYSA (Bondbloxx USD High Yield Bond Sector Rotation ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - HYSA is a High Yield Bonds fund actively managed by BondBloxx, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. HYSA is actively managed, while GSG is passively managed. Over the past year, HYSA returned 3.82% vs 36.06% for GSG. Their -0.04 correlation means they have often moved in opposite directions in the past. HYSA charges 0.55%/yr vs 0.75%/yr for GSG.
Performance
HYSA vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, HYSA achieves a 1.64% return, which is significantly lower than GSG's 32.05% return.
HYSA
- 1D
- 0.37%
- 1M
- -0.18%
- 6M
- 1.09%
- YTD
- 1.64%
- 1Y
- 3.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.92%
GSG
- 1D
- -2.34%
- 1M
- 7.33%
- 6M
- 21.51%
- YTD
- 32.05%
- 1Y
- 36.06%
- 3Y*
- 12.37%
- 5Y*
- 13.92%
- 10Y*
- 7.99%
- ALL TIME*
- -2.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.82M | $16.77M | $25.29M | |
| $394.63K | $835.56K | $981.20K |
HYSA vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 1.64% | 8.37% | 6.71% | 5.95% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.05% | 5.93% | 8.52% | -12.06% |
Correlation
The correlation between HYSA and GSG is -0.31, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | -0.04 |
Over the past year, the inverse relationship between HYSA and GSG has strengthened: their correlation has moved from -0.04 to -0.31, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
HYSA vs. GSG — Risk / Return Rank
HYSA
GSG
HYSA vs. GSG - 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 iShares S&P GSCI Commodity-Indexed Trust (GSG). 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 | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.93 | -0.71 |
| Martin ratioReturn relative to average drawdown | 4.85 | 6.13 | -1.29 |
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Drawdowns
HYSA vs. GSG - Drawdown Comparison
The maximum HYSA drawdown since its inception was -4.90%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for HYSA and GSG.
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Drawdown Indicators
| HYSA | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.90% | -89.62% | +84.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -18.81% | +15.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -0.23% | -60.13% | +59.90% |
Average DrawdownAverage peak-to-trough decline | -0.67% | -63.67% | +63.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 5.90% | -5.09% |
Volatility
HYSA vs. GSG - Volatility Comparison
The current volatility for Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) is 1.28%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 9.06%. This indicates that HYSA experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYSA | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 9.06% | -7.78% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 22.00% | -18.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.80% | 24.45% | -19.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 22.90% | -16.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.97% | 22.09% | -16.12% |
HYSA vs. GSG - Expense Ratio Comparison
HYSA has a 0.55% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
HYSA vs. GSG - Dividend Comparison
HYSA's dividend yield for the trailing twelve months is around 6.73%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% |
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 6.73% | 6.70% | 6.99% | 2.65% |
Frequently Asked Questions
HYSA and GSG have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (9.06%) compared to HYSA (1.28%). In terms of maximum drawdown, HYSA dropped -4.90% vs GSG's -89.62%.
On 1-year performance, GSG leads with 36.06% vs 3.82% for HYSA. On fees, HYSA is cheaper at 0.55% per year. On volatility, HYSA has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GSG has performed better with a 36.06% return vs 3.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYSA is cheaper with a 0.55% expense ratio, compared with 0.75% for GSG.
HYSA has the higher dividend yield at 6.73%, compared with 0.00% for GSG.
HYSA is categorized as High Yield Bonds, while GSG is Commodities. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.55% for HYSA and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.48 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.
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