JHHY vs. NHYB

Last updated Jun 24, 2026

JHHY (John Hancock High Yield ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds. JHHY is actively managed, while NHYB is passively managed. Their correlation of 0.86 suggests significant overlap in exposure. JHHY charges 0.52%/yr vs 0.08%/yr for NHYB.

Performance

JHHY vs. NHYB - Performance Comparison

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

Returns By Period

In the year-to-date period, JHHY achieves a 1.78% return, which is significantly lower than NHYB's 1.91% return.

JHHY

• 1D: 0.04%
• 1M: 0.70%
• YTD: 1.78%
• 6M: 2.03%
• 1Y: 6.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NHYB

• 1D: -0.04%
• 1M: 0.52%
• YTD: 1.91%
• 6M: 1.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHHY vs. NHYB - Yearly Performance Comparison

	2026 (YTD)	2025
JHHY John Hancock High Yield ETF	1.78%	1.40%
NHYB Nuveen High Yield Corporate Bond ETF	1.91%	1.24%

Correlation

The correlation between JHHY and NHYB is 0.86, 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	0.86

Return for Risk

JHHY vs. NHYB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JHHY

JHHY Risk / Return Rank: 64
JHHY Sharpe Ratio Rank: 58
JHHY Sortino Ratio Rank: 65
JHHY Omega Ratio Rank: 62
JHHY Calmar Ratio Rank: 62
JHHY Martin Ratio Rank: 71

NHYB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JHHY vs. NHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock High Yield ETF (JHHY) 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.

	JHHY	NHYB	Difference
Sharpe ratio: Return per unit of total volatility	1.75	—	—
Sortino ratio: Return per unit of downside risk	2.69	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.76	—	—
Martin ratio: Return relative to average drawdown	11.98	—	—

Drawdowns

JHHY vs. NHYB - Drawdown Comparison

The maximum JHHY drawdown since its inception was -4.95%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for JHHY and NHYB.

Drawdown Indicators

	JHHY	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	-4.95%	-2.40%	-2.55%
Max Drawdown (1Y) Largest decline over 1 year	-2.51%	—	—
Current Drawdown Current decline from peak	-0.12%	-0.20%	+0.08%
Average Drawdown Average peak-to-trough decline	-0.40%	-0.36%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	—	—

Volatility

Volatility by Period

	JHHY	NHYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.95%	3.64%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.82%	3.64%	+1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.82%	3.64%	+1.18%

JHHY vs. NHYB - Expense Ratio Comparison

JHHY has a 0.52% expense ratio, which is higher than NHYB's 0.08% expense ratio.

Dividends

JHHY vs. NHYB - Dividend Comparison

JHHY's dividend yield for the trailing twelve months is around 6.95%, more than NHYB's 4.25% yield.

Position	TTM	2025	2024
JHHY John Hancock High Yield ETF	6.95%	7.21%	5.82%
NHYB Nuveen High Yield Corporate Bond ETF	4.25%	1.28%	0.00%

Frequently Asked Questions

Can I hold both JHHY and NHYB in my portfolio?

JHHY and NHYB have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JHHY 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, JHHY or NHYB?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.52% for JHHY.

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

JHHY has the higher dividend yield at 6.95%, compared with 4.25% for NHYB.

What is the main difference between JHHY and NHYB?

They also come from different issuers: John Hancock and Nuveen. Their fees differ too: 0.52% for JHHY and 0.08% for NHYB.