HYS vs. NHYB
HYS (PIMCO 0-5 Year High Yield Corporate Bond Index ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - HYS tracks the ICE BofA US High Yield Constrained (0-5 Y) while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. Their correlation of 0.87 suggests significant overlap in exposure. HYS charges 0.56%/yr vs 0.08%/yr for NHYB.
Performance
HYS vs. NHYB - Performance Comparison
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Returns By Period
In the year-to-date period, HYS achieves a 1.56% return, which is significantly lower than NHYB's 1.91% return.
HYS
- 1D
- 0.01%
- 1M
- 0.62%
- YTD
- 1.56%
- 6M
- 1.72%
- 1Y
- 6.52%
- 3Y*
- 8.76%
- 5Y*
- 5.02%
- 10Y*
- 5.38%
NHYB
- 1D
- -0.04%
- 1M
- 0.52%
- YTD
- 1.91%
- 6M
- 1.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYS vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 1.56% | 1.58% |
NHYB Nuveen High Yield Corporate Bond ETF | 1.91% | 1.24% |
Correlation
The correlation between HYS and NHYB is 0.87, 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 | 0.87 |
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Return for Risk
HYS vs. NHYB — Risk / Return Rank
HYS
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYS vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) 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.
| HYS | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | — | — |
| Martin ratioReturn relative to average drawdown | 14.11 | — | — |
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Drawdowns
HYS vs. NHYB - Drawdown Comparison
The maximum HYS drawdown since its inception was -20.91%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for HYS and NHYB.
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Drawdown Indicators
| HYS | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.91% | -2.40% | -18.51% |
Max Drawdown (1Y)Largest decline over 1 year | -1.88% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.98% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.91% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.20% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -0.36% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | — | — |
Volatility
HYS vs. NHYB - Volatility Comparison
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Volatility by Period
| HYS | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 3.64% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.27% | 3.64% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.83% | 3.64% | +3.19% |
HYS vs. NHYB - Expense Ratio Comparison
HYS has a 0.56% expense ratio, which is higher than NHYB's 0.08% expense ratio.
Dividends
HYS vs. NHYB - Dividend Comparison
HYS's dividend yield for the trailing twelve months is around 7.34%, more than NHYB's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 7.34% | 7.20% | 7.43% | 6.44% | 5.01% | 3.74% | 4.52% | 4.98% | 4.64% | 5.01% | 5.13% | 5.22% |
NHYB Nuveen High Yield Corporate Bond ETF | 4.25% | 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
HYS and NHYB have a correlation of 0.87, 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 0.56% for HYS.
HYS has the higher dividend yield at 7.34%, compared with 4.25% for NHYB.
HYS tracks ICE BofA US High Yield Constrained (0-5 Y), while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: PIMCO and Nuveen. Their fees differ too: 0.56% for HYS and 0.08% for NHYB.
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