HYSD vs. NHYB

Last updated Jun 25, 2026

HYSD (Columbia Short Duration High Yield ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds. HYSD is actively managed, while NHYB is passively managed. Their correlation of 0.85 suggests significant overlap in exposure. HYSD charges 0.44%/yr vs 0.08%/yr for NHYB.

Performance

HYSD vs. NHYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Short Duration High Yield ETF (HYSD) and Nuveen High Yield Corporate Bond ETF (NHYB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with HYSD having a 1.96% return and NHYB slightly lower at 1.93%.

HYSD

• 1D: -0.07%
• 1M: 0.41%
• YTD: 1.96%
• 6M: 1.94%
• 1Y: 5.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NHYB

• 1D: 0.02%
• 1M: 0.54%
• YTD: 1.93%
• 6M: 1.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYSD vs. NHYB - Yearly Performance Comparison

	2026 (YTD)	2025
HYSD Columbia Short Duration High Yield ETF	1.96%	1.33%
NHYB Nuveen High Yield Corporate Bond ETF	1.93%	1.24%

Correlation

The correlation between HYSD and NHYB is 0.85, 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	0.85

Return for Risk

HYSD vs. NHYB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYSD

HYSD Risk / Return Rank: 79
HYSD Sharpe Ratio Rank: 71
HYSD Sortino Ratio Rank: 79
HYSD Omega Ratio Rank: 77
HYSD Calmar Ratio Rank: 82
HYSD Martin Ratio Rank: 87

NHYB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYSD vs. NHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Short Duration High Yield ETF (HYSD) 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.

	HYSD	NHYB	Difference
Sharpe ratio: Return per unit of total volatility	1.96	—	—
Sortino ratio: Return per unit of downside risk	3.06	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	3.80	—	—
Martin ratio: Return relative to average drawdown	16.39	—	—

Drawdowns

HYSD vs. NHYB - Drawdown Comparison

The maximum HYSD drawdown since its inception was -2.69%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for HYSD and NHYB.

Drawdown Indicators

	HYSD	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	-2.69%	-2.40%	-0.29%
Max Drawdown (1Y) Largest decline over 1 year	-1.46%	—	—
Current Drawdown Current decline from peak	-0.12%	-0.18%	+0.06%
Average Drawdown Average peak-to-trough decline	-0.25%	-0.36%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.34%	—	—

Volatility

Volatility by Period

	HYSD	NHYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.83%	3.63%	-0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.50%	3.63%	-0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.50%	3.63%	-0.13%

HYSD vs. NHYB - Expense Ratio Comparison

HYSD has a 0.44% expense ratio, which is higher than NHYB's 0.08% expense ratio.

Dividends

HYSD vs. NHYB - Dividend Comparison

HYSD's dividend yield for the trailing twelve months is around 5.79%, more than NHYB's 4.24% yield.

Position	TTM	2025	2024
HYSD Columbia Short Duration High Yield ETF	5.79%	5.60%	1.82%
NHYB Nuveen High Yield Corporate Bond ETF	4.24%	1.28%	0.00%

Frequently Asked Questions

Can I hold both HYSD and NHYB in my portfolio?

HYSD and NHYB have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HYSD 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, HYSD or NHYB?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.44% for HYSD.

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

HYSD has the higher dividend yield at 5.79%, compared with 4.24% for NHYB.

What is the main difference between HYSD and NHYB?

They also come from different issuers: Columbia and Nuveen. Their fees differ too: 0.44% for HYSD and 0.08% for NHYB.