XTWY vs. HYSA

Last updated Aug 2, 2026

XTWY (BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF) and HYSA (Bondbloxx USD High Yield Bond Sector Rotation ETF) are both exchange-traded funds - XTWY is a Government Bonds fund tracking the Bloomberg US Treasury 20 Year Target Duration Index, while HYSA is a High Yield Bonds fund actively managed by BondBloxx. XTWY is passively managed, while HYSA is actively managed. Over the past year, XTWY returned -4.02% vs 4.26% for HYSA. Their 0.36 correlation means their historical movements had little consistent relationship. XTWY charges 0.12%/yr vs 0.55%/yr for HYSA.

Performance

XTWY vs. HYSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) 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, XTWY achieves a -4.63% return, which is significantly lower than HYSA's 1.07% return.

XTWY

• 1D: -0.90%
• 1M: -5.01%
• 6M: -4.62%
• YTD: -4.63%
• 1Y: -4.02%
• 3Y*: -3.43%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -4.67%

HYSA

• 1D: 0.01%
• 1M: -0.74%
• 6M: 0.47%
• YTD: 1.07%
• 1Y: 4.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	$409.80K	$874.53K	$962.24K
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF	$1.02M	$1.21M	$1.83M

XTWY vs. HYSA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF	-4.63%	2.52%	-10.25%	9.17%
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF	1.07%	8.37%	6.71%	5.95%

Correlation

The correlation between XTWY and HYSA is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023	0.36

Return for Risk

XTWY vs. HYSA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XTWY

XTWY Risk / Return Rank: 7
XTWY Sharpe Ratio Rank: 8
XTWY Sortino Ratio Rank: 7
XTWY Omega Ratio Rank: 7
XTWY Calmar Ratio Rank: 8
XTWY Martin Ratio Rank: 7

HYSA

HYSA Risk / Return Rank: 38
HYSA Sharpe Ratio Rank: 37
HYSA Sortino Ratio Rank: 36
HYSA Omega Ratio Rank: 33
HYSA Calmar Ratio Rank: 39
HYSA Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XTWY vs. HYSA - Risk-Adjusted Trends Comparison

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

	XTWY	HYSA	Difference
Sharpe ratio: Return per unit of total volatility	-0.23	0.90	-1.14
Sortino ratio: Return per unit of downside risk	-0.25	1.34	-1.59
Omega ratio: Gain probability vs. loss probability	0.97	1.16	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.26	1.37	-1.64
Martin ratio: Return relative to average drawdown	-0.57	5.34	-5.90

XTWY vs. HYSA - Sharpe Ratio Comparison

The current XTWY Sharpe Ratio is -0.23, which is lower than the HYSA Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of XTWY 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

XTWY vs. HYSA - Drawdown Comparison

The maximum XTWY drawdown since its inception was -25.92%, which is greater than HYSA's maximum drawdown of -4.90%. Use the drawdown chart below to compare losses from any high point for XTWY and HYSA.

Drawdown Indicators

	XTWY	HYSA	Difference
Max Drawdown Largest peak-to-trough decline	-25.92%	-4.90%	-21.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.89%	-3.15%	-6.74%
Max Drawdown (3Y) Largest decline over 3 years	-18.22%	—	—
Current Drawdown Current decline from peak	-18.88%	-0.79%	-18.09%
Average Drawdown Average peak-to-trough decline	-12.35%	-0.67%	-11.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.59%	0.81%	+3.78%

Volatility

XTWY vs. HYSA - Volatility Comparison

BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) has a higher volatility of 3.06% compared to Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA) at 1.28%. This indicates that XTWY'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

	XTWY	HYSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	1.28%	+1.78%
Volatility (6M) Calculated over the trailing 6-month period	8.15%	3.64%	+4.51%
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	4.78%	+6.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.41%	5.98%	+11.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.41%	5.98%	+11.43%

XTWY vs. HYSA - Expense Ratio Comparison

XTWY has a 0.13% expense ratio, which is lower than HYSA's 0.55% expense ratio.

Dividends

XTWY vs. HYSA - Dividend Comparison

XTWY's dividend yield for the trailing twelve months is around 4.93%, 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%
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF	4.49%	4.56%	4.65%	3.86%	1.08%

Frequently Asked Questions

Can I hold both XTWY and HYSA in my portfolio?

XTWY and HYSA have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XTWY or HYSA?

XTWY has higher volatility (3.06%) compared to HYSA (1.28%). In terms of maximum drawdown, XTWY dropped -25.92% vs HYSA's -4.90%.

Which ETF is better, XTWY or HYSA?

On 1-year performance, HYSA leads with 4.26% vs -4.02% for XTWY. On fees, XTWY is cheaper at 0.12% per year. On volatility, HYSA has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTWY or HYSA?

Over the 1-year period, HYSA has performed better with a 4.26% return vs -4.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTWY or HYSA?

XTWY is cheaper with a 0.12% expense ratio, compared with 0.55% for HYSA.

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

HYSA has the higher dividend yield at 6.17%, compared with 4.49% for XTWY.

What is the main difference between XTWY and HYSA?

XTWY is categorized as Government Bonds, while HYSA is High Yield Bonds. Their fees differ too: 0.12% for XTWY and 0.55% for HYSA.

Which has better risk-adjusted returns?

HYSA currently has the higher Sharpe Ratio (0.90 vs -0.23), 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.