CGHY vs. NHYB

Last updated Jun 21, 2026

CGHY (Capital Group High Yield Bond ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds. Their correlation of 0.82 suggests significant overlap in exposure. CGHY charges 0.39%/yr vs 0.08%/yr for NHYB.

Performance

CGHY vs. NHYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group High Yield Bond ETF (CGHY) and Nuveen High Yield Corporate Bond ETF (NHYB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGHY achieves a 2.23% return, which is significantly higher than NHYB's 2.08% return.

CGHY

• 1D: 0.20%
• 1M: 0.70%
• YTD: 2.23%
• 6M: 2.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NHYB

• 1D: 0.31%
• 1M: 0.79%
• YTD: 2.08%
• 6M: 2.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CGHY vs. NHYB - Yearly Performance Comparison

	2026 (YTD)	2025
CGHY Capital Group High Yield Bond ETF	2.23%	1.20%
NHYB Nuveen High Yield Corporate Bond ETF	2.08%	1.24%

Correlation

The correlation between CGHY and NHYB is 0.82, 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	0.82

Return for Risk

CGHY vs. NHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group High Yield Bond ETF (CGHY) 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.

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

Drawdowns

CGHY vs. NHYB - Drawdown Comparison

The maximum CGHY drawdown since its inception was -2.38%, roughly equal to the maximum NHYB drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for CGHY and NHYB.

Drawdown Indicators

	CGHY	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	-2.38%	-2.40%	+0.02%
Current Drawdown Current decline from peak	-0.04%	-0.03%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.31%	-0.36%	+0.05%

Volatility

Volatility by Period

	CGHY	NHYB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.33%	3.66%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.33%	3.66%	-0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.33%	3.66%	-0.33%

CGHY vs. NHYB - Expense Ratio Comparison

CGHY has a 0.39% expense ratio, which is higher than NHYB's 0.08% expense ratio.

Dividends

CGHY vs. NHYB - Dividend Comparison

CGHY's dividend yield for the trailing twelve months is around 5.07%, more than NHYB's 4.24% yield.

Position	TTM	2025
CGHY Capital Group High Yield Bond ETF	5.07%	3.09%
NHYB Nuveen High Yield Corporate Bond ETF	4.24%	1.28%

Frequently Asked Questions

Can I hold both CGHY and NHYB in my portfolio?

CGHY and NHYB have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CGHY 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, CGHY or NHYB?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.39% for CGHY.

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

CGHY has the higher dividend yield at 5.07%, compared with 4.24% for NHYB.

What is the main difference between CGHY and NHYB?

They also come from different issuers: Capital Group and Nuveen. Their fees differ too: 0.39% for CGHY and 0.08% for NHYB.