HYSA vs. HYG
Compare and contrast key facts about Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
HYSA and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYSA is an actively managed fund by BondBloxx. It was launched on Sep 18, 2023. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYSA or HYG.
Key characteristics
| HYSA | HYG | |
|---|---|---|
| YTD Return | 7.73% | 9.03% |
| 1Y Return | 14.56% | 15.58% |
| 3Y Return (Ann) | 4.45% | 2.74% |
| 5Y Return (Ann) | 1.86% | 3.67% |
| 10Y Return (Ann) | 2.02% | 3.89% |
| Sharpe Ratio | 2.41 | 3.10 |
| Sortino Ratio | 3.92 | 4.87 |
| Omega Ratio | 1.44 | 1.61 |
| Calmar Ratio | 2.21 | 2.25 |
| Martin Ratio | 18.02 | 24.23 |
| Ulcer Index | 0.75% | 0.61% |
| Daily Std Dev | 5.62% | 4.80% |
| Max Drawdown | -19.57% | -34.24% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between HYSA and HYG is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HYSA vs. HYG - Performance Comparison
In the year-to-date period, HYSA achieves a 7.73% return, which is significantly lower than HYG's 9.03% return. Over the past 10 years, HYSA has underperformed HYG with an annualized return of 2.02%, while HYG has yielded a comparatively higher 3.89% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HYSA vs. HYG - Expense Ratio Comparison
HYSA has a 0.55% expense ratio, which is higher than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
HYSA vs. HYG - Risk-Adjusted Performance 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.
Dividends
HYSA vs. HYG - Dividend Comparison
HYSA's dividend yield for the trailing twelve months is around 7.09%, more than HYG's 6.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 7.09% | 8.00% | 3.30% | 2.83% | 1.39% | 4.72% | 5.03% | 4.75% | 4.36% | 4.36% | 4.41% | 5.30% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 6.34% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% | 6.10% |
Drawdowns
HYSA vs. HYG - Drawdown Comparison
The maximum HYSA drawdown since its inception was -19.57%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for HYSA and HYG. For additional features, visit the drawdowns tool.
Volatility
HYSA vs. HYG - Volatility Comparison
Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) has a higher volatility of 1.48% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.06%. This indicates that HYSA's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.