IQHI vs. NHYB
IQHI (IQ MacKay ESG High Income ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds. IQHI is actively managed, while NHYB is passively managed. A 0.58 correlation means they provide meaningful diversification when combined. IQHI charges 0.40%/yr vs 0.08%/yr for NHYB.
Performance
IQHI vs. NHYB - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IQHI having a 2.00% return and NHYB slightly lower at 1.96%.
IQHI
- 1D
- -0.10%
- 1M
- 0.55%
- YTD
- 2.00%
- 6M
- 2.32%
- 1Y
- 7.08%
- 3Y*
- 8.57%
- 5Y*
- —
- 10Y*
- —
NHYB
- 1D
- -0.12%
- 1M
- 0.56%
- YTD
- 1.96%
- 6M
- 2.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQHI vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IQHI IQ MacKay ESG High Income ETF | 2.00% | 1.04% |
NHYB Nuveen High Yield Corporate Bond ETF | 1.96% | 1.24% |
Correlation
The correlation between IQHI and NHYB is 0.58, 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 | 0.58 |
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Return for Risk
IQHI vs. NHYB — Risk / Return Rank
IQHI
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IQHI vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ MacKay ESG High Income ETF (IQHI) 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.
| IQHI | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | — | — |
| Martin ratioReturn relative to average drawdown | 12.34 | — | — |
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Drawdowns
IQHI vs. NHYB - Drawdown Comparison
The maximum IQHI drawdown since its inception was -4.19%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for IQHI and NHYB.
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Drawdown Indicators
| IQHI | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.19% | -2.40% | -1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.97% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.15% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -0.62% | -0.36% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | — | — |
Volatility
IQHI vs. NHYB - Volatility Comparison
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Volatility by Period
| IQHI | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 3.65% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 3.65% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.87% | 3.65% | +1.22% |
IQHI vs. NHYB - Expense Ratio Comparison
IQHI has a 0.40% expense ratio, which is higher than NHYB's 0.08% expense ratio.
Dividends
IQHI vs. NHYB - Dividend Comparison
IQHI's dividend yield for the trailing twelve months is around 7.56%, more than NHYB's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IQHI IQ MacKay ESG High Income ETF | 7.56% | 7.88% | 8.83% | 6.92% | 1.29% |
NHYB Nuveen High Yield Corporate Bond ETF | 4.24% | 1.28% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IQHI and NHYB have a correlation of 0.58, 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 IQHI.
IQHI has the higher dividend yield at 7.56%, compared with 4.24% for NHYB.
They also come from different issuers: IndexIQ and Nuveen. Their fees differ too: 0.40% for IQHI and 0.08% for NHYB.
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