XEMD vs. HYSA
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 8.65% vs 4.26% for HYSA. Their 0.51 correlation means they have sometimes moved together and sometimes differently. XEMD charges 0.29%/yr vs 0.55%/yr for HYSA.
Performance
XEMD vs. HYSA - Performance Comparison
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Returns By Period
In the year-to-date period, XEMD achieves a 2.49% return, which is significantly higher than HYSA's 1.07% return.
XEMD
- 1D
- 0.02%
- 1M
- -0.82%
- 6M
- 1.43%
- YTD
- 2.49%
- 1Y
- 8.65%
- 3Y*
- 10.14%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.24%
HYSA
- 1D
- 0.01%
- 1M
- -0.74%
- 6M
- 0.47%
- YTD
- 1.07%
- 1Y
- 4.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $409.80K | $874.53K | $962.24K | |
| $5.44M | $11.46M | $8.01M |
XEMD vs. HYSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2.49% | 13.98% | 8.77% | 5.75% |
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 1.07% | 8.37% | 6.71% | 5.95% |
Correlation
The correlation between XEMD and HYSA is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | 0.51 |
The correlation between XEMD and HYSA has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
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Return for Risk
XEMD vs. HYSA — Risk / Return Rank
XEMD
HYSA
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 ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.16 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 1.37 | +1.16 |
| Martin ratioReturn relative to average drawdown | 10.95 | 5.34 | +5.62 |
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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.
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Drawdown Indicators
| XEMD | HYSA | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 | -4.23% | — | — |
Current DrawdownCurrent decline from peak | -0.96% | -0.79% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -0.67% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.81% | 0.00% |
Volatility
XEMD vs. HYSA - Volatility Comparison
The current volatility for BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) is 0.96%, while Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) has a volatility of 1.28%. This indicates that XEMD 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.
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Volatility by Period
| XEMD | HYSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.28% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 3.64% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.74% | 4.78% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 5.98% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.80% | 5.98% | +0.82% |
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 5.82%, less than HYSA's 6.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 6.17% | 6.70% | 6.99% | 2.65% | 0.00% |
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 5.24% | 6.15% | 6.30% | 6.19% | 3.08% |
Frequently Asked Questions
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.
HYSA has higher volatility (1.28%) compared to XEMD (0.96%). In terms of maximum drawdown, XEMD dropped -10.01% vs HYSA's -4.90%.
On 1-year performance, XEMD leads with 8.65% vs 4.26% for HYSA. On fees, XEMD is cheaper at 0.29% per year. On volatility, XEMD has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XEMD has performed better with a 8.65% return vs 4.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XEMD is cheaper with a 0.29% expense ratio, compared with 0.55% for HYSA.
HYSA has the higher dividend yield at 6.17%, compared with 5.24% for XEMD.
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.
XEMD currently has the higher Sharpe Ratio (1.88 vs 0.90), 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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