HYSA vs. IBHG
HYSA (Bondbloxx USD High Yield Bond Sector Rotation ETF) and IBHG (iShares iBonds 2027 Term High Yield and Income ETF) are both High Yield Bonds funds. HYSA is actively managed, while IBHG is passively managed. Over the past year, HYSA returned 6.18% vs 4.80% for IBHG. A 0.53 correlation means they provide meaningful diversification when combined. HYSA charges 0.55%/yr vs 0.35%/yr for IBHG.
Performance
HYSA vs. IBHG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYSA achieves a 1.13% return, which is significantly higher than IBHG's 0.97% return.
HYSA
- 1D
- -0.13%
- 1M
- 0.08%
- YTD
- 1.13%
- 6M
- 1.63%
- 1Y
- 6.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBHG
- 1D
- -0.14%
- 1M
- 0.03%
- YTD
- 0.97%
- 6M
- 1.43%
- 1Y
- 4.80%
- 3Y*
- 7.43%
- 5Y*
- —
- 10Y*
- —
HYSA vs. IBHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 1.13% | 8.37% | 6.71% | 5.98% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 0.97% | 6.90% | 7.42% | 4.90% |
Correlation
The correlation between HYSA and IBHG is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023 | 0.53 |
The correlation between HYSA and IBHG shifts across timeframes, from 0.42 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYSA vs. IBHG — Risk / Return Rank
HYSA
IBHG
HYSA vs. IBHG - 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 iBonds 2027 Term High Yield and Income ETF (IBHG). 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 | IBHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.44 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 6.64 | -4.67 |
| Martin ratioReturn relative to average drawdown | 7.93 | 24.28 | -16.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HYSA | IBHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 2.29 | -0.97 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.36 | 0.56 | +0.80 |
Drawdowns
HYSA vs. IBHG - Drawdown Comparison
The maximum HYSA drawdown since its inception was -4.90%, smaller than the maximum IBHG drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for HYSA and IBHG.
Loading charts...
Drawdown Indicators
| HYSA | IBHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.90% | -13.85% | +8.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -0.73% | -2.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.39% | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.22% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -2.67% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.20% | +0.58% |
Volatility
HYSA vs. IBHG - Volatility Comparison
Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) has a higher volatility of 1.28% compared to iShares iBonds 2027 Term High Yield and Income ETF (IBHG) at 0.59%. This indicates that HYSA's price experiences larger fluctuations and is considered to be riskier than IBHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HYSA | IBHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 0.59% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 1.53% | +2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.68% | 2.12% | +2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 6.36% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.07% | 6.36% | -0.29% |
HYSA vs. IBHG - Expense Ratio Comparison
HYSA has a 0.55% expense ratio, which is higher than IBHG's 0.35% expense ratio.
Dividends
HYSA vs. IBHG - Dividend Comparison
HYSA's dividend yield for the trailing twelve months is around 6.77%, more than IBHG's 6.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 6.77% | 6.70% | 6.99% | 2.65% | 0.00% | 0.00% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.08% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% |
Frequently Asked Questions
HYSA and IBHG have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYSA has higher volatility (1.28%) compared to IBHG (0.59%). In terms of maximum drawdown, HYSA dropped -4.90% vs IBHG's -13.85%.
On 1-year performance, HYSA leads with 6.18% vs 4.80% for IBHG. On fees, IBHG is cheaper at 0.35% per year. On volatility, IBHG has been the lower-risk option at 0.59%. 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 6.18% return vs 4.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBHG is cheaper with a 0.35% expense ratio, compared with 0.55% for HYSA.
HYSA has the higher dividend yield at 6.77%, compared with 6.08% for IBHG.
They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.55% for HYSA and 0.35% for IBHG.
IBHG currently has the higher Sharpe Ratio (2.29 vs 1.33), 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.
Find the right allocation for HYSA and IBHG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer