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NBI High Yield Bond ETF (NHYB.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 22, 2026

The NBI High Yield Bond ETF is an actively managed fund that invests primarily in high-yield corporate debt securities rated B- or higher across global developed markets. The fund employs a fundamental, bottom-up security selection process and is benchmarked against the ICE BofA US High Yield Constrained Index (CAD Hedged). Sub-advised by J.P. Morgan Investment Management and managed by National Bank Investments.

NBI High Yield Bond ETF (NHYB.TO) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NHYB.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to NHYB.TO

NHYB.TO charges 0.68% annually. There are 4 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.49%.

SymbolNameExpense RatioAUMInception
CVD.TO
iShares Convertible Bond Index ETF0.49%126.81MJun 2011NHYB.TO vs CVD.TO
XSI.TO
iShares Short Term Strategic Fixed Income ETF0.55%45.15MJan 2015NHYB.TO vs XSI.TO
XHY.TO
iShares U.S. High Yield Bond Index ETF (CAD-Hedged...0.56%1.12BJan 2010NHYB.TO vs XHY.TO
ZHY.TO
BMO High Yield US Corporate Bond Hedged to CAD Ind...0.61%1.53BOct 2009NHYB.TO vs ZHY.TO
CGHY.TO
CI High Yield Bond Private Pool ETF C$ Series0.76%—Apr 2022NHYB.TO vs CGHY.TO

Best Risk-Adjusted Alternatives to NHYB.TO

NHYB.TO has a PortfoliosLab risk / return rank of 32. There are 6 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 61.

SymbolNameRisk / Return RankAUMInception
DXO.TO
Dynamic Active Crossover Bond ETF
61
96.39MJan 2017NHYB.TO vs DXO.TO
ZJK.TO
BMO High Yield US Corporate Bond Index ETF
58
1.73BFeb 2021NHYB.TO vs ZJK.TO
CGHY.TO
CI High Yield Bond Private Pool ETF C$ Series
49
—Apr 2022NHYB.TO vs CGHY.TO
XFLI.TO
iShares Flexible Monthly Income ETF CAD
45
557.60MSep 2024NHYB.TO vs XFLI.TO
CVD.TO
iShares Convertible Bond Index ETF
41
126.81MJun 2011NHYB.TO vs CVD.TO

Top Performing NHYB.TO Alternatives (YTD)

NHYB.TO is at 0.60% YTD. There are 7 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 5.16%.

SymbolNameYTD ReturnAUMInception
CVD.TO
iShares Convertible Bond Index ETF
5.16%
126.81MJun 2011NHYB.TO vs CVD.TO
ZJK.TO
BMO High Yield US Corporate Bond Index ETF
4.64%
1.73BFeb 2021NHYB.TO vs ZJK.TO
XFLI.TO
iShares Flexible Monthly Income ETF CAD
3.57%
557.60MSep 2024NHYB.TO vs XFLI.TO
CGHY.TO
CI High Yield Bond Private Pool ETF C$ Series
3.26%
—Apr 2022NHYB.TO vs CGHY.TO
DXO.TO
Dynamic Active Crossover Bond ETF
1.60%
96.39MJan 2017NHYB.TO vs DXO.TO

Lowest Volatility Alternatives to NHYB.TO

NHYB.TO has 5.36% 1-year volatility. There are 4 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 3.34%.

SymbolNameVolatility 1YAUMInception
DXO.TO
Dynamic Active Crossover Bond ETF3.34%96.39MJan 2017NHYB.TO vs DXO.TO
XSI.TO
iShares Short Term Strategic Fixed Income ETF3.59%45.15MJan 2015NHYB.TO vs XSI.TO
XHY.TO
iShares U.S. High Yield Bond Index ETF (CAD-Hedged...4.57%1.12BJan 2010NHYB.TO vs XHY.TO
TUHY.TO
TD Active U.S. High Yield Bond ETF5.08%573.43MNov 2019NHYB.TO vs TUHY.TO
ZHY.TO
BMO High Yield US Corporate Bond Hedged to CAD Ind...5.38%1.53BOct 2009NHYB.TO vs ZHY.TO

Lowest Drawdown Alternatives to NHYB.TO

NHYB.TO has a 1-year max drawdown of -2.42%. There are 2 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -2.18%.

SymbolNameMax Drawdown 1YAUMInception
CGHY.TO
CI High Yield Bond Private Pool ETF C$ Series
-2.18%
—Apr 2022NHYB.TO vs CGHY.TO
DXO.TO
Dynamic Active Crossover Bond ETF
-2.41%
96.39MJan 2017NHYB.TO vs DXO.TO
XSI.TO
iShares Short Term Strategic Fixed Income ETF
-2.42%
45.15MJan 2015NHYB.TO vs XSI.TO
XHY.TO
iShares U.S. High Yield Bond Index ETF (CAD-Hedged...
-2.87%
1.12BJan 2010NHYB.TO vs XHY.TO
ZHY.TO
BMO High Yield US Corporate Bond Hedged to CAD Ind...
-2.96%
1.53BOct 2009NHYB.TO vs ZHY.TO

Other ETFs from National Bank Investments

The 3 most viewed National Bank Investments ETFs shown here include NUBF.TO, EVO.TO, NSCE.TO and span 3 categories. AUM among these funds goes as high as $3B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
NUBF.TO
NBI Unconstrained Fixed Income ETFGlobal Bonds
21
0.28%
2.91BOct 2019NHYB.TO vs NUBF.TO
EVO.TO
Evovest Global Equity ETFGlobal Equities
10
9.79%
—Mar 2024NHYB.TO vs EVO.TO
NSCE.TO
NBI Sustainable Canadian Equity ETFSustainable
18
9.45%
2.42BJan 2020NHYB.TO vs NSCE.TO

Compare NHYB.TO with Any Fund or Stock

Compare NHYB.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair NHYB.TO with funds that move differently

NBI High Yield Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NHYB.TO.

Explore NHYB.TO Diversifiers