HYSA vs. HIGH

Last updated Jun 10, 2026

HYSA (Bondbloxx USD High Yield Bond Sector Rotation ETF) and HIGH (Simplify Enhanced Income ETF) are both exchange-traded funds - HYSA is a High Yield Bonds fund actively managed by BondBloxx, while HIGH is a Derivative Income fund actively managed by Simplify. Both are actively managed. Over the past year, HYSA returned 6.50% vs -3.87% for HIGH. At a 0.26 correlation, their price movements are largely independent. HYSA charges 0.55%/yr vs 0.51%/yr for HIGH.

Performance

HYSA vs. HIGH - 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 Simplify Enhanced Income ETF (HIGH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYSA achieves a 1.40% return, which is significantly higher than HIGH's -1.29% return.

HYSA

• 1D: 0.40%
• 1M: 0.36%
• YTD: 1.40%
• 6M: 2.07%
• 1Y: 6.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HIGH

• 1D: 0.14%
• 1M: 0.01%
• YTD: -1.29%
• 6M: -1.92%
• 1Y: -3.87%
• 3Y*: 2.62%
• 5Y*: —
• 10Y*: —

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

HYSA vs. HIGH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	1.40%	8.37%	6.71%	5.95%
HIGH Simplify Enhanced Income ETF	-1.29%	4.35%	1.52%	1.09%

Correlation

The correlation between HYSA and HIGH is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023	0.26

HYSA vs. HIGH - Sectors Allocation Comparison

Sectors	HYSA	HIGH
Communication Services	100.0%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	70.5%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

HYSA vs. HIGH — Risk / Return Rank

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

HYSA

HYSA Risk / Return Rank: 47
HYSA Sharpe Ratio Rank: 44
HYSA Sortino Ratio Rank: 46
HYSA Omega Ratio Rank: 43
HYSA Calmar Ratio Rank: 47
HYSA Martin Ratio Rank: 54

HIGH

HIGH Risk / Return Rank: 6
HIGH Sharpe Ratio Rank: 6
HIGH Sortino Ratio Rank: 5
HIGH Omega Ratio Rank: 5
HIGH Calmar Ratio Rank: 6
HIGH Martin Ratio Rank: 7

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. HIGH - 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 Simplify Enhanced Income ETF (HIGH). 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	HIGH	Difference
Sharpe ratio: Return per unit of total volatility	1.39	-0.44	+1.83
Sortino ratio: Return per unit of downside risk	2.06	-0.58	+2.63
Omega ratio: Gain probability vs. loss probability	1.25	0.93	+0.32
Calmar ratio: Return relative to maximum drawdown	2.07	-0.41	+2.48
Martin ratio: Return relative to average drawdown	8.33	-0.59	+8.92
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. HIGH - Sharpe Ratio Comparison

The current HYSA Sharpe Ratio is 1.39, which is higher than the HIGH Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of HYSA and HIGH, 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	HIGH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	-0.44	+1.83
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	0.37	+1.01

Drawdowns

HYSA vs. HIGH - Drawdown Comparison

The maximum HYSA drawdown since its inception was -4.90%, smaller than the maximum HIGH drawdown of -9.50%. Use the drawdown chart below to compare losses from any high point for HYSA and HIGH.

Drawdown Indicators

	HYSA	HIGH	Difference
Max Drawdown Largest peak-to-trough decline	-4.90%	-9.50%	+4.60%
Max Drawdown (1Y) Largest decline over 1 year	-3.15%	-9.50%	+6.35%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.50%	—
Current Drawdown Current decline from peak	-0.13%	-7.97%	+7.84%
Average Drawdown Average peak-to-trough decline	-0.68%	-2.40%	+1.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	6.60%	-5.82%

Volatility

HYSA vs. HIGH - Volatility Comparison

The current volatility for Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) is 1.23%, while Simplify Enhanced Income ETF (HIGH) has a volatility of 1.44%. This indicates that HYSA experiences smaller price fluctuations and is considered to be less risky than HIGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYSA	HIGH	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.23%	1.44%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	3.55%	3.58%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	4.70%	8.80%	-4.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.06%	9.54%	-3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.06%	9.54%	-3.48%

HYSA vs. HIGH - Expense Ratio Comparison

HYSA has a 0.55% expense ratio, which is higher than HIGH's 0.51% expense ratio.

Dividends

HYSA vs. HIGH - Dividend Comparison

HYSA's dividend yield for the trailing twelve months is around 6.75%, less than HIGH's 7.40% yield.

Position	TTM	2025	2024	2023	2022
HIGH Simplify Enhanced Income ETF	7.40%	7.71%	8.34%	9.40%	0.62%
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	6.75%	6.70%	6.99%	2.65%	0.00%

Frequently Asked Questions

Can I hold both HYSA and HIGH in my portfolio?

HYSA and HIGH have a correlation of 0.36, 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 HIGH?

HIGH has higher volatility (1.44%) compared to HYSA (1.23%). In terms of maximum drawdown, HYSA dropped -4.90% vs HIGH's -9.50%.

Which ETF is better, HYSA or HIGH?

On 1-year performance, HYSA leads with 6.50% vs -3.87% for HIGH. On fees, HIGH is cheaper at 0.51% per year. On volatility, HYSA has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYSA or HIGH?

Over the 1-year period, HYSA has performed better with a 6.50% return vs -3.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYSA or HIGH?

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

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

HIGH has the higher dividend yield at 7.40%, compared with 6.75% for HYSA.

What is the main difference between HYSA and HIGH?

HYSA is categorized as High Yield Bonds, while HIGH is Derivative Income. They also come from different issuers: BondBloxx and Simplify. Their fees differ too: 0.55% for HYSA and 0.51% for HIGH.

Which has better risk-adjusted returns?

HYSA currently has the higher Sharpe Ratio (1.39 vs -0.44), 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.