XHLF vs. HYSA

Last updated Jun 20, 2026

XHLF (BondBloxx Bloomberg Six Month Target Duration US Treasury ETF) and HYSA (Bondbloxx USD High Yield Bond Sector Rotation ETF) are both exchange-traded funds - XHLF is a Government Bonds fund tracking the Bloomberg US Treasury 6 Month Duration Index, while HYSA is a High Yield Bonds fund actively managed by BondBloxx. XHLF is passively managed, while HYSA is actively managed. Over the past year, XHLF returned 3.85% vs 6.56% for HYSA. At a 0.12 correlation, their price movements are largely independent. XHLF charges 0.03%/yr vs 0.55%/yr for HYSA.

Performance

XHLF vs. HYSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) 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, XHLF achieves a 1.51% return, which is significantly higher than HYSA's 1.43% return.

XHLF

• 1D: 0.02%
• 1M: 0.25%
• YTD: 1.51%
• 6M: 1.59%
• 1Y: 3.85%
• 3Y*: 4.59%
• 5Y*: —
• 10Y*: —

HYSA

• 1D: 0.07%
• 1M: 0.84%
• YTD: 1.43%
• 6M: 1.54%
• 1Y: 6.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XHLF vs. HYSA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	1.51%	4.21%	5.04%	1.75%
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	1.43%	8.37%	6.71%	5.95%

Correlation

The correlation between XHLF and HYSA is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023	0.12

Return for Risk

XHLF vs. HYSA — Risk / Return Rank

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

XHLF

XHLF Risk / Return Rank: 100
XHLF Sharpe Ratio Rank: 100
XHLF Sortino Ratio Rank: 100
XHLF Omega Ratio Rank: 100
XHLF Calmar Ratio Rank: 100
XHLF Martin Ratio Rank: 100

HYSA

HYSA Risk / Return Rank: 44
HYSA Sharpe Ratio Rank: 41
HYSA Sortino Ratio Rank: 42
HYSA Omega Ratio Rank: 39
HYSA Calmar Ratio Rank: 44
HYSA Martin Ratio Rank: 52

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.

XHLF vs. HYSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) 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.

	XHLF	HYSA	Difference
Sharpe ratio: Return per unit of total volatility	12.14	1.40	+10.74
Sortino ratio: Return per unit of downside risk	43.92	2.07	+41.85
Omega ratio: Gain probability vs. loss probability	11.02	1.25	+9.77
Calmar ratio: Return relative to maximum drawdown	97.24	2.09	+95.15
Martin ratio: Return relative to average drawdown	645.06	8.40	+636.66

XHLF vs. HYSA - Sharpe Ratio Comparison

The current XHLF Sharpe Ratio is 12.14, which is higher than the HYSA Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of XHLF 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

XHLF vs. HYSA - Drawdown Comparison

The maximum XHLF drawdown since its inception was -0.11%, smaller than the maximum HYSA drawdown of -4.90%. Use the drawdown chart below to compare losses from any high point for XHLF and HYSA.

Drawdown Indicators

	XHLF	HYSA	Difference
Max Drawdown Largest peak-to-trough decline	-0.11%	-4.90%	+4.79%
Max Drawdown (1Y) Largest decline over 1 year	-0.04%	-3.15%	+3.11%
Max Drawdown (3Y) Largest decline over 3 years	-0.06%	—	—
Current Drawdown Current decline from peak	0.00%	-0.43%	+0.43%
Average Drawdown Average peak-to-trough decline	-0.01%	-0.68%	+0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.78%	-0.77%

Volatility

XHLF vs. HYSA - Volatility Comparison

The current volatility for BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) is 0.09%, while Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) has a volatility of 1.20%. This indicates that XHLF 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

	XHLF	HYSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.09%	1.20%	-1.11%
Volatility (6M) Calculated over the trailing 6-month period	0.22%	3.55%	-3.33%
Volatility (1Y) Calculated over the trailing 1-year period	0.32%	4.72%	-4.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.42%	6.05%	-5.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.42%	6.05%	-5.63%

XHLF vs. HYSA - Expense Ratio Comparison

XHLF has a 0.03% expense ratio, which is lower than HYSA's 0.55% expense ratio.

Dividends

XHLF vs. HYSA - Dividend Comparison

XHLF's dividend yield for the trailing twelve months is around 3.84%, 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%
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	3.84%	3.98%	4.96%	4.50%	0.86%

Frequently Asked Questions

Can I hold both XHLF and HYSA in my portfolio?

XHLF and HYSA have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XHLF or HYSA?

HYSA has higher volatility (1.20%) compared to XHLF (0.09%). In terms of maximum drawdown, XHLF dropped -0.11% vs HYSA's -4.90%.

Which ETF is better, XHLF or HYSA?

On 1-year performance, HYSA leads with 6.56% vs 3.85% for XHLF. On fees, XHLF is cheaper at 0.03% per year. On volatility, XHLF has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XHLF or HYSA?

Over the 1-year period, HYSA has performed better with a 6.56% return vs 3.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XHLF or HYSA?

XHLF is cheaper with a 0.03% expense ratio, compared with 0.55% for HYSA.

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

HYSA has the higher dividend yield at 6.75%, compared with 3.84% for XHLF.

What is the main difference between XHLF and HYSA?

XHLF is categorized as Government Bonds, while HYSA is High Yield Bonds. Their fees differ too: 0.03% for XHLF and 0.55% for HYSA.

Which has better risk-adjusted returns?

XHLF currently has the higher Sharpe Ratio (12.14 vs 1.40), 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.