GBHI vs. NHYB

Last updated Jun 26, 2026

GBHI (Gabelli High Income ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds. GBHI is actively managed, while NHYB is passively managed. A 0.74 correlation means they provide meaningful diversification when combined. GBHI charges 0.55%/yr vs 0.08%/yr for NHYB.

Performance

GBHI vs. NHYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli High Income ETF (GBHI) 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, GBHI achieves a 2.28% return, which is significantly higher than NHYB's 1.96% return.

GBHI

• 1D: 0.06%
• 1M: 0.14%
• YTD: 2.28%
• 6M: 2.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NHYB

• 1D: 0.02%
• 1M: 0.31%
• YTD: 1.96%
• 6M: 1.87%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GBHI vs. NHYB - Yearly Performance Comparison

	2026 (YTD)	2025
GBHI Gabelli High Income ETF	2.28%	1.27%
NHYB Nuveen High Yield Corporate Bond ETF	1.96%	1.28%

Correlation

The correlation between GBHI and NHYB is 0.74, 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 Nov 17, 2025	0.74

Return for Risk

GBHI vs. NHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli High Income ETF (GBHI) 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

GBHI vs. NHYB - Drawdown Comparison

The maximum GBHI drawdown since its inception was -2.12%, smaller than the maximum NHYB drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for GBHI and NHYB.

Drawdown Indicators

	GBHI	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	-2.12%	-2.40%	+0.28%
Current Drawdown Current decline from peak	-0.14%	-0.15%	+0.01%
Average Drawdown Average peak-to-trough decline	-0.26%	-0.36%	+0.10%

Volatility

Volatility by Period

	GBHI	NHYB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.31%	3.62%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.31%	3.62%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.31%	3.62%	-0.31%

GBHI vs. NHYB - Expense Ratio Comparison

GBHI has a 0.55% expense ratio, which is higher than NHYB's 0.08% expense ratio.

Dividends

GBHI vs. NHYB - Dividend Comparison

GBHI's dividend yield for the trailing twelve months is around 1.84%, less than NHYB's 4.24% yield.

Position	TTM	2025
GBHI Gabelli High Income ETF	1.84%	0.59%
NHYB Nuveen High Yield Corporate Bond ETF	4.24%	1.28%

Frequently Asked Questions

Can I hold both GBHI and NHYB in my portfolio?

GBHI and NHYB have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GBHI 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, GBHI or NHYB?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.55% for GBHI.

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

NHYB has the higher dividend yield at 4.24%, compared with 1.84% for GBHI.

What is the main difference between GBHI and NHYB?

They also come from different issuers: Gabelli and Nuveen. Their fees differ too: 0.55% for GBHI and 0.08% for NHYB.