IHY vs. NLR
IHY (VanEck Vectors International High Yield Bond ETF) and NLR (VanEck Uranium and Nuclear ETF) are both exchange-traded funds - IHY is a High Yield Bonds fund tracking the Bank of America Merrill Lynch Global Ex-‐US Issuers High Yield Constrained Index, while NLR is a Uranium fund tracking the MVIS Global Uranium & Nuclear Energy Index. Both are passively managed. Over the past 10 years, IHY returned 3.94%/yr vs 11.82%/yr for NLR. Their 0.35 correlation means their historical movements had little consistent relationship. IHY charges 0.40%/yr vs 0.56%/yr for NLR.
Performance
IHY vs. NLR - Performance Comparison
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Returns By Period
In the year-to-date period, IHY achieves a 1.69% return, which is significantly higher than NLR's -8.31% return. Over the past 10 years, IHY has underperformed NLR with an annualized return of 3.94%, while NLR has yielded a comparatively higher 11.82% annualized return.
IHY
- 1D
- 0.21%
- 1M
- 0.38%
- 6M
- 0.42%
- YTD
- 1.69%
- 1Y
- 4.66%
- 3Y*
- 8.46%
- 5Y*
- 2.13%
- 10Y*
- 3.94%
- ALL TIME*
- 4.13%
NLR
- 1D
- 0.00%
- 1M
- -2.26%
- 6M
- -19.81%
- YTD
- -8.31%
- 1Y
- -2.31%
- 3Y*
- 26.47%
- 5Y*
- 19.64%
- 10Y*
- 11.82%
- ALL TIME*
- 3.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $364.84K | $236.63K | $235.94K | |
| $38.69M | $46.94M | $58.37M |
IHY vs. NLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHY VanEck Vectors International High Yield Bond ETF | 1.69% | 13.39% | 3.55% | 12.11% | -14.34% | -2.82% | 8.65% | 12.77% | -4.52% | 12.54% |
NLR VanEck Uranium and Nuclear ETF | -8.31% | 56.50% | 14.26% | 36.67% | 2.29% | 13.63% | 3.49% | 0.20% | 4.94% | 8.25% |
Correlation
The correlation between IHY and NLR is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2012 | 0.35 |
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Return for Risk
IHY vs. NLR — Risk / Return Rank
IHY
NLR
IHY vs. NLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors International High Yield Bond ETF (IHY) and VanEck Uranium and Nuclear ETF (NLR). 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 | NLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.03 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | -0.06 | +1.05 |
| Martin ratioReturn relative to average drawdown | 3.41 | -0.13 | +3.54 |
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Drawdowns
IHY vs. NLR - Drawdown Comparison
The maximum IHY drawdown since its inception was -27.63%, smaller than the maximum NLR drawdown of -65.05%. Use the drawdown chart below to compare losses from any high point for IHY and NLR.
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Drawdown Indicators
| IHY | NLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.63% | -65.05% | +37.42% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -37.52% | +32.77% |
Max Drawdown (3Y)Largest decline over 3 years | -4.75% | -37.52% | +32.77% |
Max Drawdown (5Y)Largest decline over 5 years | -26.86% | -37.52% | +10.66% |
Max Drawdown (10Y)Largest decline over 10 years | -27.63% | -37.52% | +9.89% |
Current DrawdownCurrent decline from peak | -0.39% | -30.72% | +30.33% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -35.66% | +30.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 17.75% | -16.38% |
Volatility
IHY vs. NLR - Volatility Comparison
The current volatility for VanEck Vectors International High Yield Bond ETF (IHY) is 1.17%, while VanEck Uranium and Nuclear ETF (NLR) has a volatility of 12.81%. This indicates that IHY experiences smaller price fluctuations and is considered to be less risky than NLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHY | NLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 12.81% | -11.64% |
Volatility (6M)Calculated over the trailing 6-month period | 4.00% | 31.78% | -27.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.01% | 43.83% | -38.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.76% | 30.21% | -22.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.63% | 24.63% | -17.00% |
IHY vs. NLR - Expense Ratio Comparison
IHY has a 0.40% expense ratio, which is lower than NLR's 0.56% expense ratio.
Dividends
IHY vs. NLR - Dividend Comparison
IHY's dividend yield for the trailing twelve months is around 5.81%, more than NLR's 2.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHY VanEck Vectors International High Yield Bond ETF | 5.81% | 5.31% | 5.60% | 5.26% | 4.97% | 4.55% | 4.65% | 4.86% | 4.70% | 4.36% | 5.11% | 5.79% |
NLR VanEck Uranium and Nuclear ETF | 2.78% | 2.55% | 0.76% | 4.54% | 2.02% | 1.99% | 2.23% | 2.21% | 3.91% | 4.86% | 3.62% | 3.30% |
Frequently Asked Questions
IHY and NLR have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NLR has higher volatility (12.81%) compared to IHY (1.17%). In terms of maximum drawdown, IHY dropped -27.63% vs NLR's -65.05%.
On 10-year performance, NLR leads with 11.82% vs 3.94% for IHY. On fees, IHY is cheaper at 0.40% per year. On volatility, IHY has been the lower-risk option at 1.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NLR has performed better with a 11.82% return vs 3.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IHY is cheaper with a 0.40% expense ratio, compared with 0.56% for NLR.
IHY has the higher dividend yield at 5.81%, compared with 2.78% for NLR.
IHY is categorized as High Yield Bonds, while NLR is Uranium. IHY tracks Bank of America Merrill Lynch Global Ex-‐US Issuers High Yield Constrained Index, while NLR tracks MVIS Global Uranium & Nuclear Energy Index. Their fees differ too: 0.40% for IHY and 0.56% for NLR.
IHY currently has the higher Sharpe Ratio (0.93 vs -0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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