IBHH vs. NHYB
IBHH (iShares iBonds 2028 Term High Yield and Income ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - IBHH tracks the Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. Their 0.75 correlation means they have sometimes moved together and sometimes differently. IBHH charges 0.35%/yr vs 0.08%/yr for NHYB.
Performance
IBHH vs. NHYB - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IBHH having a 2.32% return and NHYB slightly lower at 2.25%.
IBHH
- 1D
- 0.13%
- 1M
- 0.22%
- 6M
- 1.75%
- YTD
- 2.32%
- 1Y
- 5.36%
- 3Y*
- 8.29%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.23%
NHYB
- 1D
- 0.26%
- 1M
- -0.07%
- 6M
- 1.54%
- YTD
- 2.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.12M | $2.34M | $2.50M | |
| $2.61M | $1.34M | $2.01M |
IBHH vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 2.32% | 1.26% |
NHYB Nuveen High Yield Corporate Bond ETF | 2.25% | 1.24% |
Correlation
The correlation between IBHH and NHYB is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.75 |
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Return for Risk
IBHH vs. NHYB — Risk / Return Rank
IBHH
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBHH vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2028 Term High Yield and Income ETF (IBHH) 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.
| IBHH | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | — | — |
| Martin ratioReturn relative to average drawdown | 17.57 | — | — |
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Drawdowns
IBHH vs. NHYB - Drawdown Comparison
The maximum IBHH drawdown since its inception was -12.05%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for IBHH and NHYB.
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Drawdown Indicators
| IBHH | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.05% | -2.40% | -9.65% |
Max Drawdown (1Y)Largest decline over 1 year | -1.22% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.15% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -2.22% | -0.35% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | — | — |
Volatility
IBHH vs. NHYB - Volatility Comparison
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Volatility by Period
| IBHH | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.14% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.74% | 3.50% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.13% | 3.50% | +3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.13% | 3.50% | +3.63% |
IBHH vs. NHYB - Expense Ratio Comparison
IBHH has a 0.35% expense ratio, which is higher than NHYB's 0.08% expense ratio.
Dividends
IBHH vs. NHYB - Dividend Comparison
IBHH's dividend yield for the trailing twelve months is around 6.22%, more than NHYB's 5.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 6.22% | 6.39% | 6.93% | 6.65% | 5.36% |
NHYB Nuveen High Yield Corporate Bond ETF | 5.45% | 1.28% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBHH and NHYB have a correlation of 0.75, 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 IBHH.
IBHH has the higher dividend yield at 6.22%, compared with 5.45% for NHYB.
IBHH tracks Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross, 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 IBHH and 0.08% for NHYB.
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