TAXX vs. HYSA

Last updated Apr 2, 2026

Compare and contrast key facts about Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) and Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA).

TAXX and HYSA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TAXX is an actively managed fund by BondBloxx. It was launched on Mar 14, 2024. HYSA is an actively managed fund by BondBloxx. It was launched on Sep 18, 2023.

Performance

TAXX vs. HYSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) and Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA). The values are adjusted to include any dividend payments, if applicable.

TAXX vs. HYSA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF	0.43%	4.52%	3.51%
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	-0.51%	8.37%	5.62%

Returns By Period

In the year-to-date period, TAXX achieves a 0.43% return, which is significantly higher than HYSA's -0.51% return.

TAXX

• 1D: 0.09%
• 1M: -0.60%
• YTD: 0.43%
• 6M: 1.20%
• 1Y: 3.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYSA

• 1D: 0.48%
• 1M: -0.88%
• YTD: -0.51%
• 6M: 0.27%
• 1Y: 6.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TAXX vs. HYSA - Expense Ratio Comparison

TAXX has a 0.35% expense ratio, which is lower than HYSA's 0.55% expense ratio.

HYSA

Bondbloxx USD High Yield Bond Sector Rotation ETF

TAXX

Bondbloxx IR+M Tax-Aware Short Duration ETF

Return for Risk

TAXX vs. HYSA — Risk / Return Rank

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

TAXX

TAXX Risk / Return Rank: 93
TAXX Sharpe Ratio Rank: 89
TAXX Sortino Ratio Rank: 92
TAXX Omega Ratio Rank: 96
TAXX Calmar Ratio Rank: 95
TAXX Martin Ratio Rank: 92

HYSA

HYSA Risk / Return Rank: 57
HYSA Sharpe Ratio Rank: 54
HYSA Sortino Ratio Rank: 56
HYSA Omega Ratio Rank: 52
HYSA Calmar Ratio Rank: 58
HYSA Martin Ratio Rank: 63

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.

TAXX vs. HYSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) and Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA). 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.

	TAXX	HYSA	Difference
Sharpe ratio Return per unit of total volatility	2.00	1.01	+1.00
Sortino ratio Return per unit of downside risk	2.77	1.51	+1.26
Omega ratio Gain probability vs. loss probability	1.51	1.20	+0.30
Calmar ratio Return relative to maximum drawdown	4.33	1.54	+2.79
Martin ratio Return relative to average drawdown	13.71	6.57	+7.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TAXX vs. HYSA - Sharpe Ratio Comparison

The current TAXX Sharpe Ratio is 2.00, which is higher than the HYSA Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of TAXX and HYSA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TAXX	HYSA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	1.01	+1.00
Sharpe Ratio (All Time) Calculated using the full available price history	2.56	1.33	+1.24

Correlation

The correlation between TAXX and HYSA is 0.28, 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.

Dividends

TAXX vs. HYSA - Dividend Comparison

TAXX's dividend yield for the trailing twelve months is around 3.62%, less than HYSA's 6.89% yield.

	TTM	2025	2024	2023
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF	3.62%	3.72%	2.70%	0.00%
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	6.89%	6.70%	6.99%	2.65%

Drawdowns

TAXX vs. HYSA - Drawdown Comparison

The maximum TAXX drawdown since its inception was -0.91%, smaller than the maximum HYSA drawdown of -4.90%. Use the drawdown chart below to compare losses from any high point for TAXX and HYSA.

Drawdown Indicators

	TAXX	HYSA	Difference
Max Drawdown Largest peak-to-trough decline	-0.91%	-4.90%	+3.99%
Max Drawdown (1Y) Largest decline over 1 year	-0.91%	-3.81%	+2.90%
Current Drawdown Current decline from peak	-0.64%	-1.69%	+1.05%
Average Drawdown Average peak-to-trough decline	-0.15%	-0.69%	+0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.29%	0.94%	-0.65%

Volatility

TAXX vs. HYSA - Volatility Comparison

The current volatility for Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) is 0.43%, while Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) has a volatility of 2.17%. This indicates that TAXX experiences smaller price fluctuations and is considered to be less risky than HYSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TAXX	HYSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.43%	2.17%	-1.74%
Volatility (6M) Calculated over the trailing 6-month period	0.89%	3.56%	-2.67%
Volatility (1Y) Calculated over the trailing 1-year period	1.91%	6.02%	-4.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.62%	6.17%	-4.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.62%	6.17%	-4.55%