EUHY vs. NHYB
EUHY (iShares Euro High Yield Corporate Bond USD Hedged ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - EUHY tracks the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. A 0.63 correlation means they provide meaningful diversification when combined. EUHY charges 0.35%/yr vs 0.08%/yr for NHYB.
Performance
EUHY vs. NHYB - Performance Comparison
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Returns By Period
In the year-to-date period, EUHY achieves a 2.51% return, which is significantly higher than NHYB's 1.93% return.
EUHY
- 1D
- 0.02%
- 1M
- 1.05%
- YTD
- 2.51%
- 6M
- 2.46%
- 1Y
- 4.46%
- 3Y*
- 9.51%
- 5Y*
- 2.41%
- 10Y*
- 4.23%
NHYB
- 1D
- 0.02%
- 1M
- 0.54%
- YTD
- 1.93%
- 6M
- 1.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUHY vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 2.51% | -1.38% |
NHYB Nuveen High Yield Corporate Bond ETF | 1.93% | 1.24% |
Correlation
The correlation between EUHY and NHYB is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.63 |
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Return for Risk
EUHY vs. NHYB — Risk / Return Rank
EUHY
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EUHY vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) 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.
| EUHY | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.16 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | — | — |
| Martin ratioReturn relative to average drawdown | 3.07 | — | — |
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Drawdowns
EUHY vs. NHYB - Drawdown Comparison
The maximum EUHY drawdown since its inception was -32.45%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for EUHY and NHYB.
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Drawdown Indicators
| EUHY | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -2.40% | -30.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.50% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -8.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.45% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.18% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -0.36% | -8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | — | — |
Volatility
EUHY vs. NHYB - Volatility Comparison
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Volatility by Period
| EUHY | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.37% | 3.63% | +1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.98% | 3.63% | +6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.21% | 3.63% | +6.58% |
EUHY vs. NHYB - Expense Ratio Comparison
EUHY has a 0.35% expense ratio, which is higher than NHYB's 0.08% expense ratio.
Dividends
EUHY vs. NHYB - Dividend Comparison
EUHY's dividend yield for the trailing twelve months is around 5.30%, more than NHYB's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 5.30% | 3.56% | 5.11% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.70% | 3.24% |
NHYB Nuveen High Yield Corporate Bond ETF | 4.24% | 1.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUHY and NHYB have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.35% for EUHY.
EUHY has the higher dividend yield at 5.30%, compared with 4.24% for NHYB.
EUHY tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: iShares and Nuveen. Their fees differ too: 0.35% for EUHY and 0.08% for NHYB.
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