IFLN vs. NHYB
IFLN (Invesco Bloomberg Enhanced Fallen Angels ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - IFLN tracks the Bloomberg US High Yield Enhanced Fallen Angels Index while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. Their correlation of 0.81 suggests significant overlap in exposure. IFLN charges 0.23%/yr vs 0.08%/yr for NHYB.
Performance
IFLN vs. NHYB - Performance Comparison
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Returns By Period
In the year-to-date period, IFLN achieves a 1.07% return, which is significantly lower than NHYB's 1.91% return.
IFLN
- 1D
- 0.11%
- 1M
- 0.88%
- YTD
- 1.07%
- 6M
- 1.28%
- 1Y
- 5.63%
- 3Y*
- 7.73%
- 5Y*
- 3.55%
- 10Y*
- 4.63%
NHYB
- 1D
- -0.04%
- 1M
- 0.52%
- YTD
- 1.91%
- 6M
- 1.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IFLN vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 1.07% | 1.43% |
NHYB Nuveen High Yield Corporate Bond ETF | 1.91% | 1.24% |
Correlation
The correlation between IFLN and NHYB is 0.81, 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 Sep 24, 2025 | 0.81 |
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Return for Risk
IFLN vs. NHYB — Risk / Return Rank
IFLN
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IFLN vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Enhanced Fallen Angels ETF (IFLN) 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.
| IFLN | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | — | — |
| Martin ratioReturn relative to average drawdown | 5.66 | — | — |
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Drawdowns
IFLN vs. NHYB - Drawdown Comparison
The maximum IFLN drawdown since its inception was -44.79%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for IFLN and NHYB.
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Drawdown Indicators
| IFLN | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.79% | -2.40% | -42.39% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.52% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | -0.20% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -4.32% | -0.36% | -3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | — | — |
Volatility
IFLN vs. NHYB - Volatility Comparison
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Volatility by Period
| IFLN | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 3.64% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 3.64% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.89% | 3.64% | +3.25% |
IFLN vs. NHYB - Expense Ratio Comparison
IFLN has a 0.23% expense ratio, which is higher than NHYB's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IFLN vs. NHYB - Dividend Comparison
IFLN's dividend yield for the trailing twelve months is around 5.86%, more than NHYB's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 5.86% | 5.48% | 5.69% | 4.68% | 3.52% | 3.37% | 3.90% | 4.03% | 4.44% | 4.14% | 4.58% | 4.69% |
NHYB Nuveen High Yield Corporate Bond ETF | 4.25% | 1.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IFLN and NHYB have a correlation of 0.81, 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 0.23% for IFLN.
IFLN has the higher dividend yield at 5.86%, compared with 4.25% for NHYB.
IFLN tracks Bloomberg US High Yield Enhanced Fallen Angels Index, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: Invesco and Nuveen. Their fees differ too: 0.23% for IFLN and 0.08% for NHYB.
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