IBHE vs. NUHY
IBHE (iShares iBonds 2025 Term High Yield & Income ETF) and NUHY (Nuveen ESG High Yield Corporate Bond ETF) are both High Yield Bonds funds - IBHE tracks the Bloomberg 2025 Term High Yield and Income Index while NUHY tracks the Bloomberg Barclays MSCI US Aggregate ESG Select Index. Both are passively managed. Over the past 5 years, IBHE returned 3.89%/yr vs 3.46%/yr for NUHY. A 0.63 correlation means they provide meaningful diversification when combined. IBHE charges 0.35%/yr vs 0.30%/yr for NUHY.
Performance
IBHE vs. NUHY - Performance Comparison
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Returns By Period
IBHE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 1.96%
- 3Y*
- 5.93%
- 5Y*
- 3.89%
- 10Y*
- —
NUHY
- 1D
- -0.07%
- 1M
- 0.86%
- YTD
- 1.76%
- 6M
- 1.87%
- 1Y
- 6.11%
- 3Y*
- 8.81%
- 5Y*
- 3.46%
- 10Y*
- —
IBHE vs. NUHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 0.00% | 4.45% | 7.62% | 10.32% | -4.08% | 4.40% | 4.16% | 2.23% |
NUHY Nuveen ESG High Yield Corporate Bond ETF | 1.76% | 9.12% | 7.26% | 11.18% | -11.80% | 2.46% | 4.14% | 2.08% |
Correlation
The correlation between IBHE and NUHY is 0.04, 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 (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.63 |
Over the past year, the correlation between IBHE and NUHY has dropped to 0.04 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
IBHE vs. NUHY — Risk / Return Rank
IBHE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NUHY
IBHE vs. NUHY - 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 ESG High Yield Corporate Bond ETF (NUHY). 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.
| IBHE | NUHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +4.97 | ||
| Omega ratioGain probability vs. loss probability | 2.32 | 1.31 | +1.00 |
| Calmar ratioReturn relative to maximum drawdown | 25.02 | 2.14 | +22.88 |
| Martin ratioReturn relative to average drawdown | 98.47 | 9.50 | +88.97 |
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Drawdowns
IBHE vs. NUHY - Drawdown Comparison
The maximum IBHE drawdown since its inception was -26.91%, which is greater than NUHY's maximum drawdown of -20.14%. Use the drawdown chart below to compare losses from any high point for IBHE and NUHY.
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Drawdown Indicators
| IBHE | NUHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.91% | -20.14% | -6.77% |
Max Drawdown (1Y)Largest decline over 1 year | -0.11% | -2.87% | +2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -0.94% | -4.68% | +3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -8.51% | -16.92% | +8.41% |
Current DrawdownCurrent decline from peak | 0.00% | -0.37% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -3.50% | +2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.65% | -0.60% |
Volatility
IBHE vs. NUHY - Volatility Comparison
The current volatility for iShares iBonds 2025 Term High Yield & Income ETF (IBHE) is 0.00%, while Nuveen ESG High Yield Corporate Bond ETF (NUHY) has a volatility of 1.24%. This indicates that IBHE experiences smaller price fluctuations and is considered to be less risky than NUHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBHE | NUHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 1.24% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 0.38% | 3.17% | -2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.74% | 3.89% | -3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 7.33% | -2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.52% | 8.49% | +3.03% |
IBHE vs. NUHY - Expense Ratio Comparison
IBHE has a 0.35% expense ratio, which is higher than NUHY's 0.30% expense ratio.
Dividends
IBHE vs. NUHY - Dividend Comparison
IBHE has not paid dividends to shareholders, while NUHY's dividend yield for the trailing twelve months is around 6.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 2.29% | 4.53% | 6.92% | 7.17% | 5.77% | 4.84% | 5.74% | 3.73% |
NUHY Nuveen ESG High Yield Corporate Bond ETF | 6.61% | 6.51% | 6.59% | 6.64% | 6.36% | 4.88% | 5.10% | 1.37% |
Frequently Asked Questions
IBHE and NUHY have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUHY has higher volatility (1.24%) compared to IBHE (0.00%). In terms of maximum drawdown, IBHE dropped -26.91% vs NUHY's -20.14%.
On 5-year performance, IBHE leads with 3.89% vs 3.46% for NUHY. On fees, NUHY is cheaper at 0.30% per year. On volatility, IBHE has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IBHE has performed better with a 3.89% return vs 3.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NUHY is cheaper with a 0.30% expense ratio, compared with 0.35% for IBHE.
NUHY has the higher dividend yield at 6.61%, compared with 2.29% for IBHE.
IBHE tracks Bloomberg 2025 Term High Yield and Income Index, while NUHY tracks Bloomberg Barclays MSCI US Aggregate ESG Select Index. They also come from different issuers: iShares and Nuveen. Their fees differ too: 0.35% for IBHE and 0.30% for NUHY.
IBHE currently has the higher Sharpe Ratio (3.89 vs 1.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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