NHYB.TO vs. TUHY.TO
NHYB.TO (NBI High Yield Bond ETF) and TUHY.TO (TD Active U.S. High Yield Bond ETF) are both High Yield Bonds funds. Both are actively managed. Over the past 5 years, NHYB.TO returned 2.99%/yr vs 2.38%/yr for TUHY.TO. At a 0.18 correlation, their price movements are largely independent.
Performance
NHYB.TO vs. TUHY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, NHYB.TO achieves a 0.84% return, which is significantly higher than TUHY.TO's 0.21% return.
NHYB.TO
- 1D
- 0.42%
- 1M
- 0.32%
- 6M
- 0.65%
- YTD
- 0.84%
- 1Y
- 3.76%
- 3Y*
- 7.05%
- 5Y*
- 2.99%
- 10Y*
- —
TUHY.TO
- 1D
- -0.25%
- 1M
- 0.15%
- 6M
- -0.22%
- YTD
- 0.21%
- 1Y
- 3.28%
- 3Y*
- 5.94%
- 5Y*
- 2.38%
- 10Y*
- —
NHYB.TO vs. TUHY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NHYB.TO NBI High Yield Bond ETF | 0.84% | 7.23% | 7.06% | 11.11% | -10.25% | 4.98% | 1.37% |
TUHY.TO TD Active U.S. High Yield Bond ETF | 0.21% | 6.40% | 5.72% | 9.99% | -10.86% | 4.57% | 0.33% |
Correlation
The correlation between NHYB.TO and TUHY.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2020 | 0.18 |
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Return for Risk
NHYB.TO vs. TUHY.TO — Risk / Return Rank
NHYB.TO
TUHY.TO
NHYB.TO vs. TUHY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NBI High Yield Bond ETF (NHYB.TO) and TD Active U.S. High Yield Bond ETF (TUHY.TO). 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.
| NHYB.TO | TUHY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.12 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.07 | +0.49 |
| Martin ratioReturn relative to average drawdown | 5.49 | 4.15 | +1.33 |
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Drawdowns
NHYB.TO vs. TUHY.TO - Drawdown Comparison
The maximum NHYB.TO drawdown since its inception was -21.70%, which is greater than TUHY.TO's maximum drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for NHYB.TO and TUHY.TO.
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Drawdown Indicators
| NHYB.TO | TUHY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.70% | -19.23% | -2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -3.09% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -4.87% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -14.85% | -14.79% | -0.06% |
Current DrawdownCurrent decline from peak | -0.23% | -0.64% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -3.87% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.79% | -0.10% |
Volatility
NHYB.TO vs. TUHY.TO - Volatility Comparison
The current volatility for NBI High Yield Bond ETF (NHYB.TO) is 0.91%, while TD Active U.S. High Yield Bond ETF (TUHY.TO) has a volatility of 1.45%. This indicates that NHYB.TO experiences smaller price fluctuations and is considered to be less risky than TUHY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NHYB.TO | TUHY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.45% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 4.15% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.37% | 5.07% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.27% | 8.71% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.86% | 9.70% | +2.16% |
Dividends
NHYB.TO vs. TUHY.TO - Dividend Comparison
NHYB.TO's dividend yield for the trailing twelve months is around 5.50%, less than TUHY.TO's 5.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
NHYB.TO NBI High Yield Bond ETF | 5.50% | 5.52% | 5.65% | 6.06% | 6.23% | 5.80% | 3.55% | 0.00% |
TUHY.TO TD Active U.S. High Yield Bond ETF | 5.76% | 6.05% | 6.64% | 6.57% | 4.90% | 5.10% | 4.22% | 0.32% |
Frequently Asked Questions
NHYB.TO and TUHY.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: National Bank Investments and TD.
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