HYBB vs. NWXHX
HYBB (iShares BB Rated Corporate Bond ETF) and NWXHX (Nationwide Amundi Strategic Income Fund) are both funds - HYBB is a High Yield Bonds fund tracking the ICE BofA BB US High Yield Constrained Index (USD), while NWXHX is a Multisector Bonds fund managed by Nationwide. Over the past 5 years, HYBB returned 3.63%/yr vs 6.61%/yr for NWXHX. At a correlation of -0.01, they often move in opposite directions. HYBB charges 0.25%/yr vs 0.61%/yr for NWXHX.
Performance
HYBB vs. NWXHX - Performance Comparison
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Returns By Period
In the year-to-date period, HYBB achieves a 1.39% return, which is significantly lower than NWXHX's 2.19% return.
HYBB
- 1D
- 0.08%
- 1M
- 0.42%
- YTD
- 1.39%
- 6M
- 1.78%
- 1Y
- 6.52%
- 3Y*
- 7.96%
- 5Y*
- 3.63%
- 10Y*
- —
NWXHX
- 1D
- -0.10%
- 1M
- 0.53%
- YTD
- 2.19%
- 6M
- 2.61%
- 1Y
- 7.01%
- 3Y*
- 8.59%
- 5Y*
- 6.61%
- 10Y*
- 6.81%
HYBB vs. NWXHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HYBB iShares BB Rated Corporate Bond ETF | 1.39% | 8.95% | 6.35% | 10.53% | -10.11% | 3.36% | 4.29% |
NWXHX Nationwide Amundi Strategic Income Fund | 2.19% | 7.36% | 9.76% | 9.39% | 3.56% | 4.86% | 5.99% |
Correlation
The correlation between HYBB and NWXHX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2020 | -0.01 |
The correlation between HYBB and NWXHX shifts across timeframes, from -0.01 (all time) to 0.19 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYBB vs. NWXHX — Risk / Return Rank
HYBB
NWXHX
HYBB vs. NWXHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BB Rated Corporate Bond ETF (HYBB) and Nationwide Amundi Strategic Income Fund (NWXHX). 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.
| HYBB | NWXHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.14 | ||
| Sortino ratioReturn per unit of downside risk | -8.47 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 3.07 | -1.68 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 17.60 | -14.96 |
| Martin ratioReturn relative to average drawdown | 11.88 | 63.36 | -51.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYBB | NWXHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 6.14 | -4.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 1.79 | -1.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 1.59 | -0.97 |
Drawdowns
HYBB vs. NWXHX - Drawdown Comparison
The maximum HYBB drawdown since its inception was -15.28%, smaller than the maximum NWXHX drawdown of -22.96%. Use the drawdown chart below to compare losses from any high point for HYBB and NWXHX.
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Drawdown Indicators
| HYBB | NWXHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.28% | -22.96% | +7.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.48% | -0.41% | -2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -4.01% | -1.99% | -2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -15.28% | -5.52% | -9.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.96% | — |
Current DrawdownCurrent decline from peak | -0.26% | -0.10% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -1.04% | -2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.11% | +0.44% |
Volatility
HYBB vs. NWXHX - Volatility Comparison
iShares BB Rated Corporate Bond ETF (HYBB) has a higher volatility of 0.98% compared to Nationwide Amundi Strategic Income Fund (NWXHX) at 0.46%. This indicates that HYBB's price experiences larger fluctuations and is considered to be riskier than NWXHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYBB | NWXHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 0.46% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 0.85% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.28% | 1.16% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.93% | 3.70% | +3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 4.43% | +2.24% |
HYBB vs. NWXHX - Expense Ratio Comparison
HYBB has a 0.25% expense ratio, which is lower than NWXHX's 0.61% expense ratio.
Dividends
HYBB vs. NWXHX - Dividend Comparison
HYBB's dividend yield for the trailing twelve months is around 5.86%, more than NWXHX's 5.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYBB iShares BB Rated Corporate Bond ETF | 5.86% | 6.08% | 6.22% | 6.28% | 5.04% | 3.86% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% |
NWXHX Nationwide Amundi Strategic Income Fund | 5.57% | 5.19% | 5.09% | 4.57% | 16.34% | 4.20% | 4.92% | 3.94% | 4.59% | 8.67% | 7.55% |
Frequently Asked Questions
HYBB and NWXHX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYBB has higher volatility (0.98%) compared to NWXHX (0.46%). In terms of maximum drawdown, HYBB dropped -15.28% vs NWXHX's -22.96%.
NWXHX currently has the higher Sharpe Ratio (6.14 vs 2.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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