HYSA vs. XBB

Last updated Jun 5, 2026

HYSA (Bondbloxx USD High Yield Bond Sector Rotation ETF) and XBB (BondBloxx BB Rated USD High Yield Corporate Bond ETF) are both High Yield Bonds funds from BondBloxx. HYSA is actively managed, while XBB is passively managed. Over the past year, HYSA returned 6.36% vs 6.37% for XBB. A 0.60 correlation means they provide meaningful diversification when combined. HYSA charges 0.55%/yr vs 0.20%/yr for XBB.

Performance

HYSA vs. XBB - 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 BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYSA achieves a 1.26% return, which is significantly lower than XBB's 1.53% return.

HYSA

• 1D: 0.19%
• 1M: 0.40%
• YTD: 1.26%
• 6M: 1.49%
• 1Y: 6.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XBB

• 1D: 0.21%
• 1M: 0.46%
• YTD: 1.53%
• 6M: 1.76%
• 1Y: 6.37%
• 3Y*: 7.84%
• 5Y*: —
• 10Y*: —

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

HYSA vs. XBB - 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%
XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF	1.53%	8.59%	6.41%	5.83%

Correlation

The correlation between HYSA and XBB is 0.54, 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	0.54
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023	0.60

The correlation between HYSA and XBB has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.

HYSA vs. XBB - Sectors Allocation Comparison

Sectors	HYSA	XBB
Communication Services	100.0%	8.7%
Basic Materials	-	3.3%
Consumer Cyclical	-	12.4%
Consumer Defensive	-	2.6%
Energy	-	6.3%
Financial Services	-	6.2%
Healthcare	-	6.9%
Industrials	-	9.2%
Real Estate	-	4.4%
Technology	-	4.4%
Utilities	-	2.8%

Return for Risk

HYSA vs. XBB — Risk / Return Rank

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

HYSA

HYSA Risk / Return Rank: 42
HYSA Sharpe Ratio Rank: 39
HYSA Sortino Ratio Rank: 41
HYSA Omega Ratio Rank: 38
HYSA Calmar Ratio Rank: 42
HYSA Martin Ratio Rank: 49

XBB

XBB Risk / Return Rank: 50
XBB Sharpe Ratio Rank: 48
XBB Sortino Ratio Rank: 50
XBB Omega Ratio Rank: 50
XBB Calmar Ratio Rank: 48
XBB Martin Ratio Rank: 55

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. XBB - 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 BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB). 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	XBB	Difference
Sharpe ratio: Return per unit of total volatility	1.37	1.64	-0.27
Sortino ratio: Return per unit of downside risk	2.02	2.41	-0.39
Omega ratio: Gain probability vs. loss probability	1.25	1.31	-0.06
Calmar ratio: Return relative to maximum drawdown	2.03	2.28	-0.26
Martin ratio: Return relative to average drawdown	8.16	9.49	-1.33
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. XBB - Sharpe Ratio Comparison

The current HYSA Sharpe Ratio is 1.37, which is comparable to the XBB Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of HYSA and XBB, 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	XBB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	1.64	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	0.81	+0.56

Drawdowns

HYSA vs. XBB - Drawdown Comparison

The maximum HYSA drawdown since its inception was -4.90%, smaller than the maximum XBB drawdown of -8.87%. Use the drawdown chart below to compare losses from any high point for HYSA and XBB.

Drawdown Indicators

	HYSA	XBB	Difference
Max Drawdown Largest peak-to-trough decline	-4.90%	-8.87%	+3.97%
Max Drawdown (1Y) Largest decline over 1 year	-3.15%	-2.80%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	—	-3.86%	—
Current Drawdown Current decline from peak	-0.27%	-0.20%	-0.07%
Average Drawdown Average peak-to-trough decline	-0.68%	-1.33%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	0.67%	+0.11%

Volatility

HYSA vs. XBB - Volatility Comparison

Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) and BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) have volatilities of 1.28% and 1.25%, 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.

Volatility by Period

	HYSA	XBB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	1.25%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	3.55%	2.81%	+0.74%
Volatility (1Y) Calculated over the trailing 1-year period	4.68%	3.92%	+0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.08%	7.08%	-1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.08%	7.08%	-1.00%

HYSA vs. XBB - Expense Ratio Comparison

HYSA has a 0.55% expense ratio, which is higher than XBB's 0.20% expense ratio.

Dividends

HYSA vs. XBB - Dividend Comparison

HYSA's dividend yield for the trailing twelve months is around 6.76%, more than XBB's 5.55% yield.

Position	TTM	2025	2024	2023	2022
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	6.76%	6.70%	6.99%	2.65%	0.00%
XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF	5.55%	5.42%	6.35%	6.15%	3.73%

Frequently Asked Questions

Can I hold both HYSA and XBB in my portfolio?

HYSA and XBB have a correlation of 0.54, 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 XBB?

HYSA has higher volatility (1.28%) compared to XBB (1.25%). In terms of maximum drawdown, HYSA dropped -4.90% vs XBB's -8.87%.

Which ETF is better, HYSA or XBB?

On 1-year performance, XBB leads with 6.37% vs 6.36% for HYSA. On fees, XBB is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYSA or XBB?

Over the 1-year period, XBB has performed better with a 6.37% return vs 6.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYSA or XBB?

XBB is cheaper with a 0.20% expense ratio, compared with 0.55% for HYSA.

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

HYSA has the higher dividend yield at 6.76%, compared with 5.55% for XBB.

What is the main difference between HYSA and XBB?

Their fees differ too: 0.55% for HYSA and 0.20% for XBB.

Which has better risk-adjusted returns?

XBB currently has the higher Sharpe Ratio (1.64 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.