BBHY vs. NHYB
BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - BBHY tracks the ICE BofA US High Yield Index while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. Their correlation of 0.90 means they have usually moved in the same direction. BBHY charges 0.15%/yr vs 0.08%/yr for NHYB.
Performance
BBHY vs. NHYB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BBHY achieves a 2.13% return, which is significantly lower than NHYB's 2.25% return.
BBHY
- 1D
- 0.30%
- 1M
- -0.11%
- 6M
- 1.34%
- YTD
- 2.13%
- 1Y
- 5.69%
- 3Y*
- 8.37%
- 5Y*
- 3.99%
- 10Y*
- —
- ALL TIME*
- 4.79%
NHYB
- 1D
- 0.26%
- 1M
- -0.07%
- 6M
- 1.54%
- YTD
- 2.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.07M | $3.06M | $2.90M | |
| $2.61M | $1.34M | $2.01M |
BBHY vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2.13% | 1.17% |
NHYB Nuveen High Yield Corporate Bond ETF | 2.25% | 1.24% |
Correlation
The correlation between BBHY and NHYB is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.90 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BBHY vs. NHYB — Risk / Return Rank
BBHY
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BBHY vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) and Nuveen High Yield Corporate Bond ETF (NHYB). 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.
| BBHY | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | — | — |
| Martin ratioReturn relative to average drawdown | 10.49 | — | — |
Loading charts...
Drawdowns
BBHY vs. NHYB - Drawdown Comparison
The maximum BBHY drawdown since its inception was -24.98%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for BBHY and NHYB.
Loading charts...
Drawdown Indicators
| BBHY | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.98% | -2.40% | -22.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.37% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.15% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -0.35% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | — | — |
Volatility
BBHY vs. NHYB - Volatility Comparison
Loading charts...
Volatility by Period
| BBHY | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 3.50% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 3.50% | +3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.48% | 3.50% | +3.98% |
BBHY vs. NHYB - Expense Ratio Comparison
BBHY has a 0.15% expense ratio, which is higher than NHYB's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BBHY vs. NHYB - Dividend Comparison
BBHY's dividend yield for the trailing twelve months is around 7.11%, more than NHYB's 5.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 7.11% | 7.24% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% |
NHYB Nuveen High Yield Corporate Bond ETF | 5.45% | 1.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, BBHY and NHYB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, NHYB is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NHYB is cheaper with a 0.08% expense ratio, compared with 0.15% for BBHY.
BBHY has the higher dividend yield at 7.11%, compared with 5.45% for NHYB.
BBHY tracks ICE BofA US High Yield Index, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: JPMorgan and Nuveen. Their fees differ too: 0.15% for BBHY and 0.08% for NHYB.
Find the right allocation for BBHY and NHYB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer