MYHE vs. NHYB

Last updated Jun 25, 2026

MYHE (State Street My2031 High Yield Corporate Bond ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - MYHE tracks the ICE 2031 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 0.82 suggests significant overlap in exposure. MYHE charges 0.39%/yr vs 0.08%/yr for NHYB.

Performance

MYHE vs. NHYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2031 High Yield Corporate Bond ETF (MYHE) and Nuveen High Yield Corporate Bond ETF (NHYB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MYHE

• 1D: 0.10%
• 1M: 0.78%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NHYB

• 1D: 0.02%
• 1M: 0.54%
• YTD: 1.93%
• 6M: 1.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MYHE vs. NHYB - Yearly Performance Comparison

	2026 (YTD)
MYHE State Street My2031 High Yield Corporate Bond ETF	1.63%
NHYB Nuveen High Yield Corporate Bond ETF	0.92%

Correlation

The correlation between MYHE and NHYB is 0.82, 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	0.82

Return for Risk

MYHE vs. NHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2031 High Yield Corporate Bond ETF (MYHE) 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

MYHE vs. NHYB - Drawdown Comparison

The maximum MYHE drawdown since its inception was -2.28%, roughly equal to the maximum NHYB drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for MYHE and NHYB.

Drawdown Indicators

	MYHE	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	-2.28%	-2.40%	+0.12%
Current Drawdown Current decline from peak	-0.22%	-0.18%	-0.04%
Average Drawdown Average peak-to-trough decline	-0.52%	-0.36%	-0.16%

Volatility

Volatility by Period

	MYHE	NHYB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.23%	3.63%	+1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.23%	3.63%	+1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.23%	3.63%	+1.60%

MYHE vs. NHYB - Expense Ratio Comparison

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

Dividends

MYHE vs. NHYB - Dividend Comparison

MYHE's dividend yield for the trailing twelve months is around 1.80%, less than NHYB's 4.24% yield.

Position	TTM	2025
MYHE State Street My2031 High Yield Corporate Bond ETF	1.80%	0.00%
NHYB Nuveen High Yield Corporate Bond ETF	4.24%	1.28%

Frequently Asked Questions

Can I hold both MYHE and NHYB in my portfolio?

MYHE and NHYB have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MYHE 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, MYHE or NHYB?

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

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

NHYB has the higher dividend yield at 4.24%, compared with 1.80% for MYHE.

What is the main difference between MYHE and NHYB?

MYHE tracks ICE 2031 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 MYHE and 0.08% for NHYB.