HYUP vs. NHYB
HYUP (Xtrackers High Beta High Yield Bond ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - HYUP tracks the Solactive USD High Yield Corporates Total Market High Beta Index while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. Their correlation of 0.85 suggests significant overlap in exposure. HYUP charges 0.20%/yr vs 0.08%/yr for NHYB.
Performance
HYUP vs. NHYB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYUP achieves a 1.75% return, which is significantly lower than NHYB's 1.93% return.
HYUP
- 1D
- -0.08%
- 1M
- 0.34%
- YTD
- 1.75%
- 6M
- 1.80%
- 1Y
- 6.17%
- 3Y*
- 10.27%
- 5Y*
- 4.24%
- 10Y*
- —
NHYB
- 1D
- 0.02%
- 1M
- 0.54%
- YTD
- 1.93%
- 6M
- 1.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYUP vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYUP Xtrackers High Beta High Yield Bond ETF | 1.75% | 0.99% |
NHYB Nuveen High Yield Corporate Bond ETF | 1.93% | 1.24% |
Correlation
The correlation between HYUP 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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYUP vs. NHYB — Risk / Return Rank
HYUP
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYUP vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers High Beta High Yield Bond ETF (HYUP) 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.
| HYUP | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | — | — |
| Martin ratioReturn relative to average drawdown | 8.63 | — | — |
Loading charts...
Drawdowns
HYUP vs. NHYB - Drawdown Comparison
The maximum HYUP drawdown since its inception was -24.79%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for HYUP and NHYB.
Loading charts...
Drawdown Indicators
| HYUP | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.79% | -2.40% | -22.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.03% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -0.18% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -3.40% | -0.36% | -3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | — | — |
Volatility
HYUP vs. NHYB - Volatility Comparison
Loading charts...
Volatility by Period
| HYUP | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 3.63% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.29% | 3.63% | +4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.72% | 3.63% | +6.09% |
HYUP vs. NHYB - Expense Ratio Comparison
HYUP has a 0.20% expense ratio, which is higher than NHYB's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HYUP vs. NHYB - Dividend Comparison
HYUP's dividend yield for the trailing twelve months is around 7.32%, more than NHYB's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HYUP Xtrackers High Beta High Yield Bond ETF | 7.32% | 7.44% | 7.78% | 7.48% | 7.15% | 6.19% | 6.89% | 6.77% | 6.98% |
NHYB Nuveen High Yield Corporate Bond ETF | 4.24% | 1.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYUP 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.
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 0.20% for HYUP.
HYUP has the higher dividend yield at 7.32%, compared with 4.24% for NHYB.
HYUP tracks Solactive USD High Yield Corporates Total Market High Beta Index, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: Deutsche Bank and Nuveen. Their fees differ too: 0.20% for HYUP and 0.08% for NHYB.
Find the right allocation for HYUP and NHYB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer