HYTR vs. NHYB

Last updated Jun 21, 2026

HYTR (CP High Yield Trend ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - HYTR tracks the CP High Yield Trend Index while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. HYTR charges 0.97%/yr vs 0.08%/yr for NHYB.

Performance

HYTR vs. NHYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CP High Yield Trend ETF (HYTR) 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, HYTR achieves a 0.59% return, which is significantly lower than NHYB's 2.08% return.

HYTR

• 1D: 0.27%
• 1M: 0.66%
• YTD: 0.59%
• 6M: 0.96%
• 1Y: 4.99%
• 3Y*: 6.36%
• 5Y*: 2.10%
• 10Y*: —

NHYB

• 1D: 0.31%
• 1M: 0.79%
• YTD: 2.08%
• 6M: 2.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYTR vs. NHYB - Yearly Performance Comparison

	2026 (YTD)	2025
HYTR CP High Yield Trend ETF	0.59%	0.99%
NHYB Nuveen High Yield Corporate Bond ETF	2.08%	1.24%

Correlation

The correlation between HYTR and NHYB is 0.90, 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	0.90

Return for Risk

HYTR vs. NHYB — Risk / Return Rank

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

HYTR

HYTR Risk / Return Rank: 47
HYTR Sharpe Ratio Rank: 45
HYTR Sortino Ratio Rank: 46
HYTR Omega Ratio Rank: 46
HYTR Calmar Ratio Rank: 49
HYTR Martin Ratio Rank: 48

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.

HYTR vs. NHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CP High Yield Trend ETF (HYTR) 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.

	HYTR	NHYB	Difference
Sharpe ratio: Return per unit of total volatility	1.50	—	—
Sortino ratio: Return per unit of downside risk	2.22	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.32	—	—
Martin ratio: Return relative to average drawdown	7.62	—	—

Drawdowns

HYTR vs. NHYB - Drawdown Comparison

The maximum HYTR drawdown since its inception was -13.25%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for HYTR and NHYB.

Drawdown Indicators

	HYTR	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	-13.25%	-2.40%	-10.85%
Max Drawdown (1Y) Largest decline over 1 year	-2.28%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.25%	—	—
Current Drawdown Current decline from peak	-0.32%	-0.03%	-0.29%
Average Drawdown Average peak-to-trough decline	-4.11%	-0.36%	-3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	—	—

Volatility

Volatility by Period

	HYTR	NHYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.53%	3.66%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.63%	3.66%	+1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.85%	3.66%	+2.19%

HYTR vs. NHYB - Expense Ratio Comparison

HYTR has a 0.97% expense ratio, which is higher than NHYB's 0.08% expense ratio.

Dividends

HYTR vs. NHYB - Dividend Comparison

HYTR's dividend yield for the trailing twelve months is around 5.73%, more than NHYB's 4.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
HYTR CP High Yield Trend ETF	5.73%	5.78%	5.55%	5.43%	1.24%	3.70%	3.05%
NHYB Nuveen High Yield Corporate Bond ETF	4.24%	1.28%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HYTR and NHYB in my portfolio?

With a correlation of 0.90, HYTR and NHYB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, HYTR 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, HYTR or NHYB?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.97% for HYTR.

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

HYTR has the higher dividend yield at 5.73%, compared with 4.24% for NHYB.

What is the main difference between HYTR and NHYB?

HYTR tracks CP High Yield Trend Index, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: Counterpoint Mutual Funds LLC and Nuveen. Their fees differ too: 0.97% for HYTR and 0.08% for NHYB.