The Hy3 preview has been a mediocre performer in my benchmarks of security auditing with models, and yes, it is outperformed by Gemma 4 (31b soundly beats it, the MoE does slightly better, even at 4-bit quantization when using the QAT version). Qwen 3.6 27b also beats it.
I'll try it again now that it's out of preview and has been updated with more post-training. It presumably can't be worse, so maybe it's better enough to compete with a 31b model.
For context Hy is 295B, roughly on par with DeepSeek V4 Flash (284B).
I haven't tested it yet so I cannot comment on the quality (nor the comparison with 10x smaller (!) models)