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HYSA vs. HYG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HYSA vs. HYG

Last updated Jun 10, 2026

HYSA (Bondbloxx USD High Yield Bond Sector Rotation ETF) and HYG (iShares iBoxx $ High Yield Corporate Bond ETF) are both High Yield Bonds funds. HYSA is actively managed, while HYG is passively managed. Over the past year, HYSA returned 6.50% vs 6.41% for HYG. A 0.64 correlation means they provide meaningful diversification when combined. HYSA charges 0.55%/yr vs 0.49%/yr for HYG.

Performance

HYSA vs. HYG - 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 iShares iBoxx $ High Yield Corporate Bond ETF (HYG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HYSA achieves a 1.40% return, which is significantly higher than HYG's 1.25% return.

HYSA

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

HYG

1D
0.10%
1M
-0.14%
YTD
1.25%
6M
1.94%
1Y
6.41%
3Y*
8.38%
5Y*
3.68%
10Y*
4.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HYSA vs. HYG - Yearly Performance Comparison

2026 (YTD)202520242023
HYSA
Bondbloxx USD High Yield Bond Sector Rotation ETF		1.40%8.37%6.71%5.95%
HYG
iShares iBoxx $ High Yield Corporate Bond ETF		1.25%8.59%7.97%5.79%

Correlation

The correlation between HYSA and HYG 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

0.64

The correlation between HYSA and HYG has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.

HYSA vs. HYG - Sectors Allocation Comparison

Sectors
HYSA
HYG

Communication Services

100.0%

-

Basic Materials

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

0.4%

Technology

-

-

Utilities

-

99.6%

Communication Services

HYSA
100.0%
HYG

-

Basic Materials

HYSA

-

HYG

-

Consumer Cyclical

HYSA

-

HYG

-

Consumer Defensive

HYSA

-

HYG

-

Energy

HYSA

-

HYG

-

Financial Services

HYSA

-

HYG

-

Healthcare

HYSA

-

HYG

-

Industrials

HYSA

-

HYG

-

Real Estate

HYSA

-

HYG
0.4%

Technology

HYSA

-

HYG

-

Utilities

HYSA

-

HYG
99.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Bondbloxx USD High Yield Bond Sector Rotation ETF

iShares iBoxx $ High Yield Corporate Bond ETF

Often compared with HYSA:
HYSA vs. SGOVHYSA vs. SCHDHYSA vs. SPHYHYSA vs. XCCCHYSA vs. HIGHHYSA vs. XLSRHYSA vs. FHQFX
Often compared with HYG:
HYG vs. LQDHYG vs. JNKHYG vs. SPHYHYG vs. AGGHYG vs. USHYHYG vs. HYGHHYG vs. SHYG

Return for Risk

HYSA vs. HYG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HYSA
HYSA Risk / Return Rank: 4747
Overall Rank
HYSA Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
HYSA Sortino Ratio Rank: 4646
Sortino Ratio Rank
HYSA Omega Ratio Rank: 4343
Omega Ratio Rank
HYSA Calmar Ratio Rank: 4747
Calmar Ratio Rank
HYSA Martin Ratio Rank: 5454
Martin Ratio Rank
HYG
HYG Risk / Return Rank: 6262
Overall Rank
HYG Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
HYG Sortino Ratio Rank: 6060
Sortino Ratio Rank
HYG Omega Ratio Rank: 5959
Omega Ratio Rank
HYG Calmar Ratio Rank: 6262
Calmar Ratio Rank
HYG Martin Ratio Rank: 7373
Martin Ratio Rank
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. HYG - 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 iBoxx $ High Yield Corporate Bond ETF (HYG). 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.

HYSAHYGDifference
Sharpe ratioReturn per unit of total volatility
1.39
1.68

-0.29

Sortino ratioReturn per unit of downside risk
2.06
2.51

-0.46

Omega ratioGain probability vs. loss probability

1.25

1.32

-0.07

Calmar ratioReturn relative to maximum drawdown

2.07

2.75

-0.68

Martin ratioReturn relative to average drawdown

8.33

12.11

-3.78

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. HYG - Sharpe Ratio Comparison

The current HYSA Sharpe Ratio is 1.39, which is comparable to the HYG Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of HYSA and HYG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HYSAHYGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.39

1.68

-0.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.49

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.59

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.37

0.46

+0.92

Drawdowns

HYSA vs. HYG - Drawdown Comparison

The maximum HYSA drawdown since its inception was -4.90%, smaller than the maximum HYG drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for HYSA and HYG.

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Drawdown Indicators

HYSAHYGDifference

Max Drawdown

Largest peak-to-trough decline

-4.90%

-34.25%

+29.35%

Max Drawdown (1Y)

Largest decline over 1 year

-3.15%

-2.34%

-0.81%

Max Drawdown (3Y)

Largest decline over 3 years

—

-4.56%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-15.79%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-22.03%

—

Current Drawdown

Current decline from peak

-0.13%

-0.35%

+0.22%

Average Drawdown

Average peak-to-trough decline

-0.68%

-3.24%

+2.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.78%

0.53%

+0.25%

Volatility

HYSA vs. HYG - Volatility Comparison

Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG) have volatilities of 1.23% and 1.18%, 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.

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Volatility by Period

HYSAHYGDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.23%

1.18%

+0.05%

Volatility (6M)

Calculated over the trailing 6-month period

3.55%

3.05%

+0.50%

Volatility (1Y)

Calculated over the trailing 1-year period

4.70%

3.83%

+0.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.06%

7.53%

-1.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.06%

8.29%

-2.23%

HYSA vs. HYG - Expense Ratio Comparison

HYSA has a 0.55% expense ratio, which is higher than HYG's 0.49% expense ratio.

Dividends

HYSA vs. HYG - Dividend Comparison

HYSA's dividend yield for the trailing twelve months is around 6.75%, more than HYG's 5.93% yield.

PositionTTM20252024202320222021202020192018201720162015
HYG
iShares iBoxx $ High Yield Corporate Bond ETF		5.93%5.71%6.01%5.74%5.30%4.02%4.88%4.99%5.54%5.12%5.27%5.90%
HYSA
Bondbloxx USD High Yield Bond Sector Rotation ETF		6.75%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

HYSA and HYG 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.

HYSA has higher volatility (1.23%) compared to HYG (1.18%). In terms of maximum drawdown, HYSA dropped -4.90% vs HYG's -34.25%.

On 1-year performance, HYSA leads with 6.50% vs 6.41% for HYG. On fees, HYG is cheaper at 0.49% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, HYSA has performed better with a 6.50% return vs 6.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

HYG is cheaper with a 0.49% expense ratio, compared with 0.55% for HYSA.

HYSA has the higher dividend yield at 6.75%, compared with 5.93% for HYG.

They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.55% for HYSA and 0.49% for HYG.

HYG currently has the higher Sharpe Ratio (1.68 vs 1.39), 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.

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