IBHJ vs. NHYB
IBHJ (iShares iBonds 2030 Term High Yield and Income ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - IBHJ tracks the Bloomberg 2030 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 correlation of 0.85 means they have usually moved in the same direction. IBHJ charges 0.35%/yr vs 0.08%/yr for NHYB.
Performance
IBHJ vs. NHYB - Performance Comparison
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Returns By Period
In the year-to-date period, IBHJ achieves a 2.40% return, which is significantly higher than NHYB's 2.25% return.
IBHJ
- 1D
- 0.10%
- 1M
- -0.01%
- 6M
- 1.61%
- YTD
- 2.40%
- 1Y
- 6.35%
- 3Y*
- 8.61%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.83%
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) |
|---|---|---|---|
| $1.04M | $934.46K | $727.25K | |
| $2.61M | $1.34M | $2.01M |
IBHJ vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBHJ iShares iBonds 2030 Term High Yield and Income ETF | 2.40% | 1.42% |
NHYB Nuveen High Yield Corporate Bond ETF | 2.25% | 1.24% |
Correlation
The correlation between IBHJ and NHYB is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.85 |
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Return for Risk
IBHJ vs. NHYB — Risk / Return Rank
IBHJ
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBHJ vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) 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.
| IBHJ | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | — | — |
| Martin ratioReturn relative to average drawdown | 11.25 | — | — |
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Drawdowns
IBHJ vs. NHYB - Drawdown Comparison
The maximum IBHJ drawdown since its inception was -4.93%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for IBHJ and NHYB.
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Drawdown Indicators
| IBHJ | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.93% | -2.40% | -2.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.93% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -0.15% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -0.61% | -0.35% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | — | — |
Volatility
IBHJ vs. NHYB - Volatility Comparison
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Volatility by Period
| IBHJ | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 3.50% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.83% | 3.50% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 3.50% | +2.33% |
IBHJ vs. NHYB - Expense Ratio Comparison
IBHJ has a 0.35% expense ratio, which is higher than NHYB's 0.08% expense ratio.
Dividends
IBHJ vs. NHYB - Dividend Comparison
IBHJ's dividend yield for the trailing twelve months is around 6.69%, more than NHYB's 5.45% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBHJ iShares iBonds 2030 Term High Yield and Income ETF | 6.69% | 6.64% | 6.87% | 3.66% |
NHYB Nuveen High Yield Corporate Bond ETF | 5.45% | 1.28% | 0.00% | 0.00% |
Frequently Asked Questions
IBHJ and NHYB have a correlation of 0.85, 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 IBHJ.
IBHJ has the higher dividend yield at 6.69%, compared with 5.45% for NHYB.
IBHJ tracks Bloomberg 2030 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 IBHJ and 0.08% for NHYB.
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