LEND vs. NHYB

Last updated Jul 8, 2026

LEND (SEI High Yield Bond & Alternative Credit ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds. LEND is actively managed, while NHYB is passively managed. A 0.64 correlation means they provide meaningful diversification when combined. LEND charges 0.65%/yr vs 0.08%/yr for NHYB.

Performance

LEND vs. NHYB - Performance Comparison

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

Returns By Period

LEND

• 1D: 0.48%
• 1M: 1.10%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NHYB

• 1D: -0.11%
• 1M: 0.81%
• 6M: 2.02%
• YTD: 2.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LEND vs. NHYB - Yearly Performance Comparison

	2026 (YTD)
LEND SEI High Yield Bond & Alternative Credit ETF	0.74%
NHYB Nuveen High Yield Corporate Bond ETF	1.47%

Correlation

The correlation between LEND and NHYB is 0.64, 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 May 18, 2026	0.64

Return for Risk

LEND vs. NHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI High Yield Bond & Alternative Credit ETF (LEND) 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.

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

Drawdowns

LEND vs. NHYB - Drawdown Comparison

The maximum LEND drawdown since its inception was -0.87%, smaller than the maximum NHYB drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for LEND and NHYB.

Drawdown Indicators

	LEND	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	-0.87%	-2.40%	+1.53%
Current Drawdown Current decline from peak	0.00%	-0.11%	+0.11%
Average Drawdown Average peak-to-trough decline	-0.27%	-0.35%	+0.08%

Volatility

Volatility by Period

	LEND	NHYB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.38%	3.57%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.38%	3.57%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.38%	3.57%	-0.19%

LEND vs. NHYB - Expense Ratio Comparison

LEND has a 0.65% expense ratio, which is higher than NHYB's 0.08% expense ratio.

Dividends

LEND vs. NHYB - Dividend Comparison

LEND's dividend yield for the trailing twelve months is around 0.98%, less than NHYB's 4.81% yield.

Position	TTM	2025
LEND SEI High Yield Bond & Alternative Credit ETF	0.98%	0.00%
NHYB Nuveen High Yield Corporate Bond ETF	4.81%	1.28%

Frequently Asked Questions

Can I hold both LEND and NHYB in my portfolio?

LEND and NHYB have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LEND 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, LEND or NHYB?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.65% for LEND.

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

NHYB has the higher dividend yield at 4.81%, compared with 0.98% for LEND.

What is the main difference between LEND and NHYB?

They also come from different issuers: SEI and Nuveen. Their fees differ too: 0.65% for LEND and 0.08% for NHYB.