HYSA vs. SHV
HYSA (Bondbloxx USD High Yield Bond Sector Rotation ETF) and SHV (iShares 0-1 Year Treasury Bond ETF) are both exchange-traded funds - HYSA is a High Yield Bonds fund actively managed by BondBloxx, while SHV is a Government Bonds fund tracking the ICE Short US Treasury Securities Index. HYSA is actively managed, while SHV is passively managed. Over the past year, HYSA returned 6.36% vs 3.90% for SHV. At a 0.14 correlation, their price movements are largely independent. HYSA charges 0.55%/yr vs 0.15%/yr for SHV.
Performance
HYSA vs. SHV - Performance Comparison
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Returns By Period
In the year-to-date period, HYSA achieves a 1.26% return, which is significantly lower than SHV's 1.43% return.
HYSA
- 1D
- 0.19%
- 1M
- 0.40%
- YTD
- 1.26%
- 6M
- 1.49%
- 1Y
- 6.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHV
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.43%
- 6M
- 1.75%
- 1Y
- 3.90%
- 3Y*
- 4.65%
- 5Y*
- 3.32%
- 10Y*
- 2.22%
HYSA vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 1.26% | 8.37% | 6.71% | 5.98% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.43% | 4.21% | 5.12% | 1.61% |
Correlation
The correlation between HYSA and SHV is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023 | 0.14 |
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Return for Risk
HYSA vs. SHV — Risk / Return Rank
HYSA
SHV
HYSA vs. SHV - 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 0-1 Year Treasury Bond ETF (SHV). 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 | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.13 | ||
| Sortino ratioReturn per unit of downside risk | -147.53 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 53.77 | -52.52 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 431.38 | -429.36 |
| Martin ratioReturn relative to average drawdown | 8.16 | 2,419.80 | -2,411.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYSA | SHV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 19.49 | -18.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 11.56 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 8.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | 4.50 | -3.13 |
Drawdowns
HYSA vs. SHV - Drawdown Comparison
The maximum HYSA drawdown since its inception was -4.90%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for HYSA and SHV.
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Drawdown Indicators
| HYSA | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.90% | -0.45% | -4.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -0.01% | -3.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | -0.27% | 0.00% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -0.03% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.00% | +0.78% |
Volatility
HYSA vs. SHV - Volatility Comparison
Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) has a higher volatility of 1.28% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.05%. This indicates that HYSA's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYSA | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 0.05% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.55% | 0.12% | +3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.68% | 0.20% | +4.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 0.29% | +5.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.08% | 0.28% | +5.80% |
HYSA vs. SHV - Expense Ratio Comparison
HYSA has a 0.55% expense ratio, which is higher than SHV's 0.15% expense ratio.
Dividends
HYSA vs. SHV - Dividend Comparison
HYSA's dividend yield for the trailing twelve months is around 6.76%, more than SHV's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 6.76% | 6.70% | 6.99% | 2.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.83% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Frequently Asked Questions
HYSA and SHV have a correlation of 0.07, 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 SHV (0.05%). In terms of maximum drawdown, HYSA dropped -4.90% vs SHV's -0.45%.
On 1-year performance, HYSA leads with 6.36% vs 3.90% for SHV. On fees, SHV is cheaper at 0.15% per year. On volatility, SHV has been the lower-risk option at 0.05%. 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 6.36% return vs 3.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHV is cheaper with a 0.15% expense ratio, compared with 0.55% for HYSA.
HYSA has the higher dividend yield at 6.76%, compared with 3.83% for SHV.
HYSA is categorized as High Yield Bonds, while SHV is Government Bonds. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.55% for HYSA and 0.15% for SHV.
SHV currently has the higher Sharpe Ratio (19.49 vs 1.37), 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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