NETL vs. HYLD

Last updated Jun 25, 2026

NETL (NETLease Corporate Real Estate ETF) and HYLD (High Yield ETF) are both exchange-traded funds - NETL is a REIT fund tracking the Fundamental Income Net Lease Real Estate Index, while HYLD is a High Yield Bonds fund actively managed by Exchange Traded Concepts. NETL is passively managed, while HYLD is actively managed. At a 0.19 correlation, their price movements are largely independent. NETL charges 0.60%/yr vs 1.29%/yr for HYLD.

Performance

NETL vs. HYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NETLease Corporate Real Estate ETF (NETL) and High Yield ETF (HYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NETL

• 1D: 0.72%
• 1M: 0.70%
• YTD: 14.61%
• 6M: 14.73%
• 1Y: 12.86%
• 3Y*: 9.82%
• 5Y*: 2.20%
• 10Y*: —

HYLD

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

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

NETL vs. HYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
NETL NETLease Corporate Real Estate ETF	14.61%	6.05%	-1.08%	2.69%	-16.16%	27.36%	-0.73%	12.04%
HYLD High Yield ETF	0.00%	0.00%	0.00%	2.80%	-11.48%	5.41%	3.11%	2.87%

Correlation

The correlation between NETL and HYLD is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019	0.19

The correlation between NETL and HYLD shifts across timeframes, from 0.01 (3 years) to 0.19 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NETL vs. HYLD — Risk / Return Rank

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

NETL

NETL Risk / Return Rank: 29
NETL Sharpe Ratio Rank: 28
NETL Sortino Ratio Rank: 26
NETL Omega Ratio Rank: 25
NETL Calmar Ratio Rank: 31
NETL Martin Ratio Rank: 33

HYLD

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.

NETL vs. HYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NETLease Corporate Real Estate ETF (NETL) and High Yield ETF (HYLD). 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.

	NETL	HYLD	Difference
Sharpe ratio: Return per unit of total volatility	0.92	—	—
Sortino ratio: Return per unit of downside risk	1.33	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.41	—	—
Martin ratio: Return relative to average drawdown	4.43	—	—

Drawdowns

Drawdown Indicators

	NETL	HYLD	Difference
Max Drawdown Largest peak-to-trough decline	-51.48%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.74%	—	—
Current Drawdown Current decline from peak	-1.23%	—	—
Average Drawdown Average peak-to-trough decline	-11.57%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	—	—

Volatility

Volatility by Period

	NETL	HYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.36%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.00%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.87%	—	—

NETL vs. HYLD - Expense Ratio Comparison

NETL has a 0.60% expense ratio, which is lower than HYLD's 1.29% expense ratio.

Dividends

NETL vs. HYLD - Dividend Comparison

NETL's dividend yield for the trailing twelve months is around 4.65%, while HYLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYLD High Yield ETF	0.00%	0.00%	0.00%	4.67%	7.86%	6.45%	7.52%	7.46%	7.97%	7.18%	6.59%	10.87%
NETL NETLease Corporate Real Estate ETF	4.65%	5.12%	5.08%	4.57%	4.47%	4.03%	3.98%	2.52%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NETL and HYLD in my portfolio?

NETL and HYLD have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NETL or HYLD?

On fees, NETL is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NETL or HYLD?

NETL is cheaper with a 0.60% expense ratio, compared with 1.29% for HYLD.

Which ETF pays a higher dividend yield, NETL or HYLD?

NETL has the higher dividend yield at 4.65%, compared with 0.00% for HYLD.

What is the main difference between NETL and HYLD?

NETL is categorized as REIT, while HYLD is High Yield Bonds. Their fees differ too: 0.60% for NETL and 1.29% for HYLD.