IBHM vs. NHYB

Last updated Jun 19, 2026

IBHM (iShares iBonds 2033 Term High Yield and Income ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - IBHM tracks the Bloomberg 2033 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. Their correlation of 0.88 suggests significant overlap in exposure. IBHM charges 0.35%/yr vs 0.08%/yr for NHYB.

Performance

IBHM vs. NHYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2033 Term High Yield and Income ETF (IBHM) and Nuveen High Yield Corporate Bond ETF (NHYB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHM

• 1D: 0.24%
• 1M: 1.84%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NHYB

• 1D: 0.31%
• 1M: 1.35%
• YTD: 2.08%
• 6M: 2.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBHM vs. NHYB - Yearly Performance Comparison

	2026 (YTD)
IBHM iShares iBonds 2033 Term High Yield and Income ETF	2.74%
NHYB Nuveen High Yield Corporate Bond ETF	2.50%

Correlation

The correlation between IBHM and NHYB is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026	0.88

Return for Risk

IBHM vs. NHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2033 Term High Yield and Income ETF (IBHM) 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

IBHM vs. NHYB - Drawdown Comparison

The maximum IBHM drawdown since its inception was -1.67%, smaller than the maximum NHYB drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for IBHM and NHYB.

Drawdown Indicators

	IBHM	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	-1.67%	-2.40%	+0.73%
Current Drawdown Current decline from peak	-0.06%	-0.03%	-0.03%
Average Drawdown Average peak-to-trough decline	-0.44%	-0.36%	-0.08%

Volatility

Volatility by Period

	IBHM	NHYB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.41%	3.66%	+1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.41%	3.66%	+1.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.41%	3.66%	+1.75%

IBHM vs. NHYB - Expense Ratio Comparison

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

Dividends

IBHM vs. NHYB - Dividend Comparison

IBHM's dividend yield for the trailing twelve months is around 1.08%, less than NHYB's 4.24% yield.

Position	TTM	2025
IBHM iShares iBonds 2033 Term High Yield and Income ETF	1.08%	0.00%
NHYB Nuveen High Yield Corporate Bond ETF	4.24%	1.28%

Frequently Asked Questions

Can I hold both IBHM and NHYB in my portfolio?

IBHM and NHYB have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBHM 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, IBHM or NHYB?

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

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

NHYB has the higher dividend yield at 4.24%, compared with 1.08% for IBHM.

What is the main difference between IBHM and NHYB?

IBHM tracks Bloomberg 2033 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 IBHM and 0.08% for NHYB.