XEMD vs. HYSA

Last updated Jun 23, 2026

XEMD (BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF) and HYSA (Bondbloxx USD High Yield Bond Sector Rotation ETF) are both exchange-traded funds - XEMD is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index - Benchmark TR Gross, while HYSA is a High Yield Bonds fund actively managed by BondBloxx. XEMD is passively managed, while HYSA is actively managed. Over the past year, XEMD returned 11.70% vs 6.00% for HYSA. A 0.52 correlation means they provide meaningful diversification when combined. XEMD charges 0.29%/yr vs 0.55%/yr for HYSA.

Performance

XEMD vs. HYSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) and Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XEMD achieves a 3.04% return, which is significantly higher than HYSA's 1.40% return.

XEMD

• 1D: -0.35%
• 1M: 1.03%
• YTD: 3.04%
• 6M: 3.23%
• 1Y: 11.70%
• 3Y*: 11.00%
• 5Y*: —
• 10Y*: —

HYSA

• 1D: -0.03%
• 1M: 0.60%
• YTD: 1.40%
• 6M: 1.63%
• 1Y: 6.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XEMD vs. HYSA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF	3.04%	13.98%	8.77%	5.75%
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	1.40%	8.37%	6.71%	5.95%

Correlation

The correlation between XEMD and HYSA 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 18, 2023	0.52

The correlation between XEMD and HYSA has been stable across timeframes, ranging from 0.42 to 0.52 - a consistent structural relationship.

Return for Risk

XEMD vs. HYSA — Risk / Return Rank

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

XEMD

XEMD Risk / Return Rank: 80
XEMD Sharpe Ratio Rank: 80
XEMD Sortino Ratio Rank: 86
XEMD Omega Ratio Rank: 84
XEMD Calmar Ratio Rank: 69
XEMD Martin Ratio Rank: 79

HYSA

HYSA Risk / Return Rank: 39
HYSA Sharpe Ratio Rank: 37
HYSA Sortino Ratio Rank: 37
HYSA Omega Ratio Rank: 35
HYSA Calmar Ratio Rank: 39
HYSA Martin Ratio Rank: 47

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.

XEMD vs. HYSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XEMD	HYSA	Difference
Sharpe ratio: Return per unit of total volatility	2.45	1.28	+1.17
Sortino ratio: Return per unit of downside risk	3.71	1.90	+1.81
Omega ratio: Gain probability vs. loss probability	1.48	1.23	+0.25
Calmar ratio: Return relative to maximum drawdown	3.34	1.91	+1.42
Martin ratio: Return relative to average drawdown	14.92	7.67	+7.25

XEMD vs. HYSA - Sharpe Ratio Comparison

The current XEMD Sharpe Ratio is 2.45, which is higher than the HYSA Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of XEMD and HYSA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XEMD vs. HYSA - Drawdown Comparison

The maximum XEMD drawdown since its inception was -10.01%, which is greater than HYSA's maximum drawdown of -4.90%. Use the drawdown chart below to compare losses from any high point for XEMD and HYSA.

Drawdown Indicators

	XEMD	HYSA	Difference
Max Drawdown Largest peak-to-trough decline	-10.01%	-4.90%	-5.11%
Max Drawdown (1Y) Largest decline over 1 year	-3.52%	-3.15%	-0.37%
Max Drawdown (3Y) Largest decline over 3 years	-4.31%	—	—
Current Drawdown Current decline from peak	-0.42%	-0.47%	+0.05%
Average Drawdown Average peak-to-trough decline	-1.25%	-0.68%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	0.78%	+0.01%

Volatility

XEMD vs. HYSA - Volatility Comparison

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) has a higher volatility of 1.48% compared to Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) at 1.09%. This indicates that XEMD's price experiences larger fluctuations and is considered to be riskier than HYSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XEMD	HYSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	1.09%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	3.87%	3.55%	+0.32%
Volatility (1Y) Calculated over the trailing 1-year period	4.80%	4.71%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.88%	6.04%	+0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.88%	6.04%	+0.84%

XEMD vs. HYSA - Expense Ratio Comparison

XEMD has a 0.29% expense ratio, which is lower than HYSA's 0.55% expense ratio.

Dividends

XEMD vs. HYSA - Dividend Comparison

XEMD's dividend yield for the trailing twelve months is around 5.81%, less than HYSA's 6.75% yield.

Position	TTM	2025	2024	2023	2022
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	6.75%	6.70%	6.99%	2.65%	0.00%
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF	5.81%	6.15%	6.30%	6.19%	3.08%

Frequently Asked Questions

Can I hold both XEMD and HYSA in my portfolio?

XEMD and HYSA 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.

Which is riskier, XEMD or HYSA?

XEMD has higher volatility (1.48%) compared to HYSA (1.09%). In terms of maximum drawdown, XEMD dropped -10.01% vs HYSA's -4.90%.

Which ETF is better, XEMD or HYSA?

On 1-year performance, XEMD leads with 11.70% vs 6.00% for HYSA. On fees, XEMD is cheaper at 0.29% per year. On volatility, HYSA has been the lower-risk option at 1.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XEMD or HYSA?

Over the 1-year period, XEMD has performed better with a 11.70% return vs 6.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XEMD or HYSA?

XEMD is cheaper with a 0.29% expense ratio, compared with 0.55% for HYSA.

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

HYSA has the higher dividend yield at 6.75%, compared with 5.81% for XEMD.

What is the main difference between XEMD and HYSA?

XEMD is categorized as Emerging Markets Bonds, while HYSA is High Yield Bonds. Their fees differ too: 0.29% for XEMD and 0.55% for HYSA.

Which has better risk-adjusted returns?

XEMD currently has the higher Sharpe Ratio (2.45 vs 1.28), 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.