IBHE vs. NHYB

Last updated Jul 17, 2026

IBHE (iShares iBonds 2025 Term High Yield & Income ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - IBHE tracks the Bloomberg 2025 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. At a correlation of -0.09, they often move in opposite directions. IBHE charges 0.35%/yr vs 0.08%/yr for NHYB.

Performance

IBHE vs. NHYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2025 Term High Yield & Income ETF (IBHE) and Nuveen High Yield Corporate Bond ETF (NHYB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHE

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

NHYB

• 1D: -0.12%
• 1M: 0.20%
• 6M: 1.83%
• YTD: 2.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBHE vs. NHYB - Yearly Performance Comparison

	2026 (YTD)	2025
IBHE iShares iBonds 2025 Term High Yield & Income ETF	0.00%	0.95%
NHYB Nuveen High Yield Corporate Bond ETF	2.24%	1.24%

Correlation

The correlation between IBHE and NHYB is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	-0.09

Return for Risk

IBHE vs. NHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2025 Term High Yield & Income ETF (IBHE) 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

Drawdown Indicators

	IBHE	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	—	-2.40%	—
Current Drawdown Current decline from peak	—	-0.16%	—
Average Drawdown Average peak-to-trough decline	—	-0.34%	—

Volatility

Volatility by Period

	IBHE	NHYB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	3.54%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	3.54%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	3.54%	—

IBHE vs. NHYB - Expense Ratio Comparison

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

Dividends

IBHE vs. NHYB - Dividend Comparison

IBHE has not paid dividends to shareholders, while NHYB's dividend yield for the trailing twelve months is around 4.82%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IBHE iShares iBonds 2025 Term High Yield & Income ETF	1.87%	4.53%	6.92%	7.17%	5.77%	4.84%	5.74%	3.73%
NHYB Nuveen High Yield Corporate Bond ETF	4.82%	1.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBHE and NHYB in my portfolio?

IBHE and NHYB have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBHE 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, IBHE or NHYB?

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

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

NHYB has the higher dividend yield at 4.82%, compared with 1.87% for IBHE.

What is the main difference between IBHE and NHYB?

IBHE tracks Bloomberg 2025 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 IBHE and 0.08% for NHYB.