IHY vs. NHYB
IHY (VanEck Vectors International High Yield Bond ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - IHY tracks the Bank of America Merrill Lynch Global Ex-‐US Issuers High Yield Constrained Index while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. A 0.66 correlation means they provide meaningful diversification when combined. IHY charges 0.40%/yr vs 0.08%/yr for NHYB.
Performance
IHY vs. NHYB - Performance Comparison
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Returns By Period
In the year-to-date period, IHY achieves a 0.65% return, which is significantly lower than NHYB's 1.91% return.
IHY
- 1D
- -0.18%
- 1M
- 0.01%
- YTD
- 0.65%
- 6M
- 0.37%
- 1Y
- 4.89%
- 3Y*
- 8.50%
- 5Y*
- 1.72%
- 10Y*
- 4.19%
NHYB
- 1D
- -0.04%
- 1M
- 0.52%
- YTD
- 1.91%
- 6M
- 1.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IHY vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IHY VanEck Vectors International High Yield Bond ETF | 0.65% | 0.71% |
NHYB Nuveen High Yield Corporate Bond ETF | 1.91% | 1.24% |
Correlation
The correlation between IHY and NHYB is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.66 |
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Return for Risk
IHY vs. NHYB — Risk / Return Rank
IHY
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IHY vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors International High Yield Bond ETF (IHY) 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.
| IHY | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.16 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | — | — |
| Martin ratioReturn relative to average drawdown | 3.67 | — | — |
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Drawdowns
IHY vs. NHYB - Drawdown Comparison
The maximum IHY drawdown since its inception was -27.63%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for IHY and NHYB.
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Drawdown Indicators
| IHY | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.63% | -2.40% | -25.23% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -27.63% | — | — |
Current DrawdownCurrent decline from peak | -1.41% | -0.20% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -0.36% | -4.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | — | — |
Volatility
IHY vs. NHYB - Volatility Comparison
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Volatility by Period
| IHY | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.42% | 3.64% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.75% | 3.64% | +4.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 3.64% | +4.01% |
IHY vs. NHYB - Expense Ratio Comparison
IHY has a 0.40% expense ratio, which is higher than NHYB's 0.08% expense ratio.
Dividends
IHY vs. NHYB - Dividend Comparison
IHY's dividend yield for the trailing twelve months is around 5.71%, more than NHYB's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHY VanEck Vectors International High Yield Bond ETF | 5.71% | 5.31% | 5.60% | 5.26% | 4.97% | 4.55% | 4.65% | 4.86% | 4.70% | 4.36% | 5.11% | 5.79% |
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
IHY and NHYB have a correlation of 0.66, 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 0.40% for IHY.
IHY has the higher dividend yield at 5.71%, compared with 4.25% for NHYB.
IHY tracks Bank of America Merrill Lynch Global Ex-‐US Issuers High Yield Constrained Index, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: VanEck and Nuveen. Their fees differ too: 0.40% for IHY and 0.08% for NHYB.
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