IBHI vs. NHYB
IBHI (iShares iBonds 2029 Term High Yield and Income ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - IBHI tracks the Bloomberg 2029 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. IBHI charges 0.35%/yr vs 0.08%/yr for NHYB.
Performance
IBHI vs. NHYB - Performance Comparison
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Returns By Period
In the year-to-date period, IBHI achieves a 1.85% return, which is significantly lower than NHYB's 1.99% return.
IBHI
- 1D
- -0.13%
- 1M
- 0.00%
- 6M
- 1.33%
- YTD
- 1.85%
- 1Y
- 5.38%
- 3Y*
- 8.43%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.09%
NHYB
- 1D
- 0.08%
- 1M
- -0.33%
- 6M
- 1.30%
- YTD
- 1.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.56M | $2.56M | $2.91M | |
| $2.61M | $1.50M | $2.19M |
IBHI vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBHI iShares iBonds 2029 Term High Yield and Income ETF | 1.85% | 1.18% |
NHYB Nuveen High Yield Corporate Bond ETF | 1.99% | 1.24% |
Correlation
The correlation between IBHI 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
IBHI vs. NHYB — Risk / Return Rank
IBHI
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBHI vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2029 Term High Yield and Income ETF (IBHI) 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.
| IBHI | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | — | — |
| Martin ratioReturn relative to average drawdown | 11.18 | — | — |
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Drawdowns
IBHI vs. NHYB - Drawdown Comparison
The maximum IBHI drawdown since its inception was -13.65%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for IBHI and NHYB.
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Drawdown Indicators
| IBHI | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.65% | -2.40% | -11.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.73% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.41% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -0.35% | -2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | — | — |
Volatility
IBHI vs. NHYB - Volatility Comparison
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Volatility by Period
| IBHI | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | 3.50% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.85% | 3.50% | +4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 3.50% | +4.35% |
IBHI vs. NHYB - Expense Ratio Comparison
IBHI has a 0.35% expense ratio, which is higher than NHYB's 0.08% expense ratio.
Dividends
IBHI vs. NHYB - Dividend Comparison
IBHI's dividend yield for the trailing twelve months is around 6.66%, more than NHYB's 4.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBHI iShares iBonds 2029 Term High Yield and Income ETF | 6.08% | 6.79% | 6.66% | 6.48% | 5.26% |
NHYB Nuveen High Yield Corporate Bond ETF | 4.83% | 1.28% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBHI 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 IBHI.
IBHI has the higher dividend yield at 6.08%, compared with 4.83% for NHYB.
IBHI tracks Bloomberg 2029 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 IBHI and 0.08% for NHYB.
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