MYHC vs. NHYB

Last updated Jun 24, 2026

MYHC (State Street My2029 High Yield Corporate Bond ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - MYHC tracks the ICE 2029 Maturity US High Yield Index while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. Their correlation of 0.94 suggests significant overlap in exposure. MYHC charges 0.39%/yr vs 0.08%/yr for NHYB.

Performance

MYHC vs. NHYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2029 High Yield Corporate Bond ETF (MYHC) and Nuveen High Yield Corporate Bond ETF (NHYB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MYHC

• 1D: -0.03%
• 1M: 0.94%
• YTD: —
• 6M: —
• 1Y: —
• 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)

MYHC vs. NHYB - Yearly Performance Comparison

	2026 (YTD)
MYHC State Street My2029 High Yield Corporate Bond ETF	2.36%
NHYB Nuveen High Yield Corporate Bond ETF	0.90%

Correlation

The correlation between MYHC and NHYB is 0.94, 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 Feb 26, 2026	0.94

Return for Risk

MYHC vs. NHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2029 High Yield Corporate Bond ETF (MYHC) 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

MYHC vs. NHYB - Drawdown Comparison

The maximum MYHC drawdown since its inception was -1.57%, smaller than the maximum NHYB drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for MYHC and NHYB.

Drawdown Indicators

	MYHC	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	-1.57%	-2.40%	+0.83%
Current Drawdown Current decline from peak	-0.20%	-0.20%	0.00%
Average Drawdown Average peak-to-trough decline	-0.32%	-0.36%	+0.04%

Volatility

Volatility by Period

	MYHC	NHYB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.53%	3.64%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.53%	3.64%	+0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.53%	3.64%	+0.89%

MYHC vs. NHYB - Expense Ratio Comparison

MYHC has a 0.39% expense ratio, which is higher than NHYB's 0.08% expense ratio.

Dividends

MYHC vs. NHYB - Dividend Comparison

MYHC's dividend yield for the trailing twelve months is around 1.85%, less than NHYB's 4.25% yield.

Position	TTM	2025
MYHC State Street My2029 High Yield Corporate Bond ETF	1.85%	0.00%
NHYB Nuveen High Yield Corporate Bond ETF	4.25%	1.28%

Frequently Asked Questions

Can I hold both MYHC and NHYB in my portfolio?

With a correlation of 0.94, MYHC and NHYB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, MYHC 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, MYHC or NHYB?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.39% for MYHC.

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

NHYB has the higher dividend yield at 4.25%, compared with 1.85% for MYHC.

What is the main difference between MYHC and NHYB?

MYHC tracks ICE 2029 Maturity US High Yield Index, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: State Street and Nuveen. Their fees differ too: 0.39% for MYHC and 0.08% for NHYB.