CPHY vs. NHYB

Last updated Jun 23, 2026

CPHY (F/m Compoundr High Yield Bond ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - CPHY tracks the Nasdaq Compoundr U.S. High Yield Bond Index while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. Their correlation of 0.88 suggests significant overlap in exposure. CPHY charges 0.35%/yr vs 0.08%/yr for NHYB.

Performance

CPHY vs. NHYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m Compoundr High Yield Bond ETF (CPHY) 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, CPHY achieves a 0.61% return, which is significantly lower than NHYB's 1.96% return.

CPHY

• 1D: -0.08%
• 1M: 0.53%
• YTD: 0.61%
• 6M: 0.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NHYB

• 1D: -0.12%
• 1M: 0.56%
• YTD: 1.96%
• 6M: 2.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CPHY vs. NHYB - Yearly Performance Comparison

	2026 (YTD)	2025
CPHY F/m Compoundr High Yield Bond ETF	0.61%	0.75%
NHYB Nuveen High Yield Corporate Bond ETF	1.96%	1.24%

Correlation

The correlation between CPHY and NHYB is 0.88, 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	0.88

Return for Risk

CPHY vs. NHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Compoundr High Yield Bond ETF (CPHY) 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

CPHY vs. NHYB - Drawdown Comparison

The maximum CPHY drawdown since its inception was -2.51%, roughly equal to the maximum NHYB drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for CPHY and NHYB.

Drawdown Indicators

	CPHY	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	-2.51%	-2.40%	-0.11%
Current Drawdown Current decline from peak	-0.38%	-0.15%	-0.23%
Average Drawdown Average peak-to-trough decline	-0.56%	-0.36%	-0.20%

Volatility

Volatility by Period

	CPHY	NHYB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.58%	3.65%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.58%	3.65%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.58%	3.65%	-0.07%

CPHY vs. NHYB - Expense Ratio Comparison

CPHY has a 0.35% expense ratio, which is higher than NHYB's 0.08% expense ratio.

Dividends

CPHY vs. NHYB - Dividend Comparison

CPHY has not paid dividends to shareholders, while NHYB's dividend yield for the trailing twelve months is around 4.24%.

Position	TTM	2025
CPHY F/m Compoundr High Yield Bond ETF	0.00%	0.00%
NHYB Nuveen High Yield Corporate Bond ETF	4.24%	1.28%

Frequently Asked Questions

Can I hold both CPHY and NHYB in my portfolio?

CPHY and NHYB have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CPHY 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, CPHY or NHYB?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.35% for CPHY.

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

NHYB has the higher dividend yield at 4.24%, compared with 0.00% for CPHY.

What is the main difference between CPHY and NHYB?

CPHY tracks Nasdaq Compoundr U.S. High Yield Bond Index, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: F/m Investments and Nuveen. Their fees differ too: 0.35% for CPHY and 0.08% for NHYB.