HYSA vs. XTRE

Last updated Jun 5, 2026

HYSA (Bondbloxx USD High Yield Bond Sector Rotation ETF) and XTRE (BondBloxx Bloomberg Three Year Target Duration US Treasury ETF) are both exchange-traded funds - HYSA is a High Yield Bonds fund actively managed by BondBloxx, while XTRE is a Government Bonds fund tracking the Bloomberg US Treasury 3 Year Target Duration Index. HYSA is actively managed, while XTRE is passively managed. Over the past year, HYSA returned 6.36% vs 3.02% for XTRE. At a 0.32 correlation, their price movements are largely independent. HYSA charges 0.55%/yr vs 0.05%/yr for XTRE.

Performance

HYSA vs. XTRE - 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 Bloomberg Three Year Target Duration US Treasury ETF (XTRE). 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 higher than XTRE's 0.02% return.

HYSA

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

XTRE

• 1D: 0.08%
• 1M: -0.02%
• YTD: 0.02%
• 6M: 0.29%
• 1Y: 3.02%
• 3Y*: 3.90%
• 5Y*: —
• 10Y*: —

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

HYSA vs. XTRE - 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%
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF	0.02%	6.05%	3.05%	3.40%

Correlation

The correlation between HYSA and XTRE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023	0.32

Return for Risk

HYSA vs. XTRE — 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

XTRE

XTRE Risk / Return Rank: 41
XTRE Sharpe Ratio Rank: 41
XTRE Sortino Ratio Rank: 45
XTRE Omega Ratio Rank: 41
XTRE Calmar Ratio Rank: 41
XTRE Martin Ratio Rank: 38

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. XTRE - 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 Bloomberg Three Year Target Duration US Treasury ETF (XTRE). 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	XTRE	Difference
Sharpe ratio: Return per unit of total volatility	1.37	1.43	-0.06
Sortino ratio: Return per unit of downside risk	2.02	2.20	-0.19
Omega ratio: Gain probability vs. loss probability	1.25	1.26	-0.01
Calmar ratio: Return relative to maximum drawdown	2.03	1.99	+0.04
Martin ratio: Return relative to average drawdown	8.16	5.78	+2.38
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. XTRE - Sharpe Ratio Comparison

The current HYSA Sharpe Ratio is 1.37, which is comparable to the XTRE Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of HYSA and XTRE, 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	XTRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	1.43	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	1.10	+0.27

Drawdowns

HYSA vs. XTRE - Drawdown Comparison

The maximum HYSA drawdown since its inception was -4.90%, which is greater than XTRE's maximum drawdown of -2.89%. Use the drawdown chart below to compare losses from any high point for HYSA and XTRE.

Drawdown Indicators

	HYSA	XTRE	Difference
Max Drawdown Largest peak-to-trough decline	-4.90%	-2.89%	-2.01%
Max Drawdown (1Y) Largest decline over 1 year	-3.15%	-1.53%	-1.62%
Max Drawdown (3Y) Largest decline over 3 years	—	-2.00%	—
Current Drawdown Current decline from peak	-0.27%	-1.05%	+0.78%
Average Drawdown Average peak-to-trough decline	-0.68%	-0.83%	+0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	0.53%	+0.25%

Volatility

HYSA vs. XTRE - Volatility Comparison

Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) has a higher volatility of 1.28% compared to BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) at 0.63%. This indicates that HYSA's price experiences larger fluctuations and is considered to be riskier than XTRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYSA	XTRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	0.63%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	3.55%	1.50%	+2.05%
Volatility (1Y) Calculated over the trailing 1-year period	4.68%	2.14%	+2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.08%	3.32%	+2.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.08%	3.32%	+2.76%

HYSA vs. XTRE - Expense Ratio Comparison

HYSA has a 0.55% expense ratio, which is higher than XTRE's 0.05% expense ratio.

Dividends

HYSA vs. XTRE - Dividend Comparison

HYSA's dividend yield for the trailing twelve months is around 6.76%, more than XTRE's 4.00% 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%
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF	4.00%	3.85%	4.19%	3.97%	1.16%

Frequently Asked Questions

Can I hold both HYSA and XTRE in my portfolio?

HYSA and XTRE have a correlation of 0.27, 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 XTRE?

HYSA has higher volatility (1.28%) compared to XTRE (0.63%). In terms of maximum drawdown, HYSA dropped -4.90% vs XTRE's -2.89%.

Which ETF is better, HYSA or XTRE?

On 1-year performance, HYSA leads with 6.36% vs 3.02% for XTRE. On fees, XTRE is cheaper at 0.05% per year. On volatility, XTRE has been the lower-risk option at 0.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYSA or XTRE?

Over the 1-year period, HYSA has performed better with a 6.36% return vs 3.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYSA or XTRE?

XTRE is cheaper with a 0.05% expense ratio, compared with 0.55% for HYSA.

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

HYSA has the higher dividend yield at 6.76%, compared with 4.00% for XTRE.

What is the main difference between HYSA and XTRE?

HYSA is categorized as High Yield Bonds, while XTRE is Government Bonds. Their fees differ too: 0.55% for HYSA and 0.05% for XTRE.

Which has better risk-adjusted returns?

XTRE currently has the higher Sharpe Ratio (1.43 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.