XTRE vs. HYSA

Last updated Jun 5, 2026

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

Performance

XTRE vs. HYSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) 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, XTRE achieves a 0.02% return, which is significantly lower than HYSA's 1.26% return.

XTRE

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

HYSA

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

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

XTRE vs. HYSA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF	0.02%	6.05%	3.05%	3.40%
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	1.26%	8.37%	6.71%	5.98%

Correlation

The correlation between XTRE and HYSA 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

XTRE vs. HYSA — Risk / Return Rank

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

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

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

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.

XTRE vs. HYSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) 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.

	XTRE	HYSA	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.37	+0.06
Sortino ratio: Return per unit of downside risk	2.20	2.02	+0.19
Omega ratio: Gain probability vs. loss probability	1.26	1.25	+0.01
Calmar ratio: Return relative to maximum drawdown	1.99	2.03	-0.04
Martin ratio: Return relative to average drawdown	5.78	8.16	-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.

XTRE vs. HYSA - Sharpe Ratio Comparison

The current XTRE Sharpe Ratio is 1.43, which is comparable to the HYSA Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of XTRE 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.

Sharpe Ratios by Period

	XTRE	HYSA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	1.37	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	1.37	-0.27

Drawdowns

XTRE vs. HYSA - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

XTRE vs. HYSA - Volatility Comparison

The current volatility for BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) is 0.63%, while Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) has a volatility of 1.28%. This indicates that XTRE 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

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

XTRE vs. HYSA - Expense Ratio Comparison

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

Dividends

XTRE vs. HYSA - Dividend Comparison

XTRE's dividend yield for the trailing twelve months is around 4.00%, less than HYSA's 6.76% 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 XTRE and HYSA in my portfolio?

XTRE and HYSA 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, XTRE or HYSA?

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

Which ETF is better, XTRE or HYSA?

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, XTRE or HYSA?

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, XTRE or HYSA?

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

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

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

What is the main difference between XTRE and HYSA?

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

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.