BHYB vs. NHYB

Last updated Jul 14, 2026

BHYB (Xtrackers USD High Yield BB-B ex Financials ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - BHYB tracks the ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. Their correlation of 0.86 suggests significant overlap in exposure. BHYB charges 0.20%/yr vs 0.08%/yr for NHYB.

Performance

BHYB vs. NHYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) and Nuveen High Yield Corporate Bond ETF (NHYB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BHYB having a 1.99% return and NHYB slightly lower at 1.93%.

BHYB

• 1D: -0.15%
• 1M: -0.01%
• 6M: 1.58%
• YTD: 1.99%
• 1Y: 6.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NHYB

• 1D: -0.22%
• 1M: 0.01%
• 6M: 1.59%
• YTD: 1.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BHYB vs. NHYB - Yearly Performance Comparison

	2026 (YTD)	2025
BHYB Xtrackers USD High Yield BB-B ex Financials ETF	1.99%	1.34%
NHYB Nuveen High Yield Corporate Bond ETF	1.93%	1.24%

Correlation

The correlation between BHYB and NHYB is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.86

Return for Risk

BHYB vs. NHYB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BHYB

BHYB Risk / Return Rank: 78
BHYB Sharpe Ratio Rank: 73
BHYB Sortino Ratio Rank: 83
BHYB Omega Ratio Rank: 81
BHYB Calmar Ratio Rank: 69
BHYB Martin Ratio Rank: 82

NHYB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BHYB vs. NHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) 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.

	BHYB	NHYB	Difference
Sharpe ratio: Return per unit of total volatility	1.85	—	—
Sortino ratio: Return per unit of downside risk	2.93	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	2.76	—	—
Martin ratio: Return relative to average drawdown	12.78	—	—

Drawdowns

BHYB vs. NHYB - Drawdown Comparison

The maximum BHYB drawdown since its inception was -4.23%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for BHYB and NHYB.

Drawdown Indicators

	BHYB	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	-4.23%	-2.40%	-1.83%
Max Drawdown (1Y) Largest decline over 1 year	-2.27%	—	—
Current Drawdown Current decline from peak	-0.25%	-0.47%	+0.22%
Average Drawdown Average peak-to-trough decline	-0.39%	-0.34%	-0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.49%	—	—

Volatility

Volatility by Period

	BHYB	NHYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.40%	3.55%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.64%	3.55%	+1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.64%	3.55%	+1.09%

BHYB vs. NHYB - Expense Ratio Comparison

BHYB has a 0.20% 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

BHYB vs. NHYB - Dividend Comparison

BHYB's dividend yield for the trailing twelve months is around 6.33%, more than NHYB's 4.83% yield.

Position	TTM	2025	2024	2023
BHYB Xtrackers USD High Yield BB-B ex Financials ETF	6.33%	6.57%	7.04%	0.75%
NHYB Nuveen High Yield Corporate Bond ETF	4.83%	1.28%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BHYB and NHYB in my portfolio?

BHYB and NHYB have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BHYB or NHYB?

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.

Which ETF is cheaper, BHYB or NHYB?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.20% for BHYB.

Which ETF pays a higher dividend yield, BHYB or NHYB?

BHYB has the higher dividend yield at 6.33%, compared with 4.83% for NHYB.

What is the main difference between BHYB and NHYB?

BHYB tracks ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: Xtrackers and Nuveen. Their fees differ too: 0.20% for BHYB and 0.08% for NHYB.