HYXF vs. NHYB
HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - HYXF tracks the Bloomberg MSCI US High Yield Corporate Choice ESG Screened while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. Their correlation of 0.88 suggests significant overlap in exposure. HYXF charges 0.35%/yr vs 0.08%/yr for NHYB.
Performance
HYXF vs. NHYB - Performance Comparison
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Returns By Period
In the year-to-date period, HYXF achieves a 1.17% return, which is significantly lower than NHYB's 1.91% return.
HYXF
- 1D
- -0.02%
- 1M
- 0.64%
- YTD
- 1.17%
- 6M
- 1.41%
- 1Y
- 5.28%
- 3Y*
- 8.92%
- 5Y*
- 3.58%
- 10Y*
- 5.07%
NHYB
- 1D
- -0.04%
- 1M
- 0.52%
- YTD
- 1.91%
- 6M
- 1.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYXF vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 1.17% | 1.43% |
NHYB Nuveen High Yield Corporate Bond ETF | 1.91% | 1.24% |
Correlation
The correlation between HYXF and NHYB is 0.88, 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 | 0.88 |
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Return for Risk
HYXF vs. NHYB — Risk / Return Rank
HYXF
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYXF vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) 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.
| HYXF | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | — | — |
| Martin ratioReturn relative to average drawdown | 9.22 | — | — |
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Drawdowns
HYXF vs. NHYB - Drawdown Comparison
The maximum HYXF drawdown since its inception was -18.75%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for HYXF and NHYB.
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Drawdown Indicators
| HYXF | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -2.40% | -16.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.00% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.75% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.20% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -0.36% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | — | — |
Volatility
HYXF vs. NHYB - Volatility Comparison
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Volatility by Period
| HYXF | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 3.64% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.05% | 3.64% | +4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.31% | 3.64% | +4.67% |
HYXF vs. NHYB - Expense Ratio Comparison
HYXF has a 0.35% expense ratio, which is higher than NHYB's 0.08% expense ratio.
Dividends
HYXF vs. NHYB - Dividend Comparison
HYXF's dividend yield for the trailing twelve months is around 6.08%, more than NHYB's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.08% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% |
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% |
Frequently Asked Questions
HYXF and NHYB have a correlation of 0.88, 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 0.35% for HYXF.
HYXF has the higher dividend yield at 6.08%, compared with 4.25% for NHYB.
HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: iShares and Nuveen. Their fees differ too: 0.35% for HYXF and 0.08% for NHYB.
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