IBHD vs. NHYB

Last updated Jun 23, 2026

IBHD (iShares iBonds 2024 Term High Yield & Income ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - IBHD tracks the Bloomberg 2024 Term High Yield and Income Index while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. IBHD charges 0.35%/yr vs 0.08%/yr for NHYB.

Performance

IBHD vs. NHYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and Nuveen High Yield Corporate Bond ETF (NHYB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NHYB

• 1D: -0.12%
• 1M: 0.56%
• YTD: 1.96%
• 6M: 2.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBHD vs. NHYB - Yearly Performance Comparison

	2026 (YTD)
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%
NHYB Nuveen High Yield Corporate Bond ETF	1.40%

Return for Risk

IBHD vs. NHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) 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.

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

Drawdowns

IBHD vs. NHYB - Drawdown Comparison

The maximum IBHD drawdown since its inception was 0.00%, smaller than the maximum NHYB drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for IBHD and NHYB.

Drawdown Indicators

	IBHD	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-2.40%	+2.40%
Current Drawdown Current decline from peak	0.00%	-0.15%	+0.15%
Average Drawdown Average peak-to-trough decline	0.00%	-0.36%	+0.36%

Volatility

Volatility by Period

	IBHD	NHYB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	3.65%	-3.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	3.65%	-3.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	3.65%	-3.65%

IBHD vs. NHYB - Expense Ratio Comparison

IBHD has a 0.35% expense ratio, which is higher than NHYB's 0.08% expense ratio.

Dividends

IBHD vs. NHYB - Dividend Comparison

IBHD has not paid dividends to shareholders, while NHYB's dividend yield for the trailing twelve months is around 4.24%.

Position	TTM	2025
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%
NHYB Nuveen High Yield Corporate Bond ETF	4.24%	1.28%

Frequently Asked Questions

Which ETF is better, IBHD 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, IBHD or NHYB?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.35% for IBHD.

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

NHYB has the higher dividend yield at 4.24%, compared with 0.00% for IBHD.

What is the main difference between IBHD and NHYB?

IBHD tracks Bloomberg 2024 Term High Yield and Income Index, 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 IBHD and 0.08% for NHYB.