High-entropy alloys (HEAs) represent a relatively new group of multicomponent alloys that have shown great potential for applications requiring tribological and oxidation resistant properties. Consequently, thermally sprayed coatings of different HEA chemistries have received increasing research attention. In this paper, atomized equimolar CrFeCoNi and AlCrFeCoNi feedstocks were used for high velocity air-fuel spraying (HVAF) to produce overlay coatings using two different nozzle configurations. The microstructure, phase constitution and hardness of the coatings were analyzed along with the primary aim of testing the coatings for their oxidation behavior. The performance of the two HEA chemistries was compared with two commercial MCrAlY coatings that are well-established bond coat materials for thermal barrier coatings (TBCs). An investigation was conducted to test the coatingsâ performance as bond coats by applying suspension plasma sprayed yttria-stabilized zirconia top coats and evaluating the thermal cycling behavior of the TBCs. The AlCrFeCoNi-coating was found to demonstrate a lower oxidation rate than the CrFeCoNi-coating. However, the AlCrFeCoNi-coating was found to form more rapid oxide scales compared with the commercial bond coat material that also contained reactive elements. © 2022, The Author(s).