NHYB.TO vs. XFLI.TO
NHYB.TO (NBI High Yield Bond ETF) and XFLI.TO (iShares Flexible Monthly Income ETF CAD) are both High Yield Bonds funds. Both are actively managed. Over the past year, NHYB.TO returned 3.76% vs 6.40% for XFLI.TO. At a correlation of -0.04, they often move in opposite directions.
Performance
NHYB.TO vs. XFLI.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NHYB.TO achieves a 0.84% return, which is significantly lower than XFLI.TO's 3.03% 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*
- —
XFLI.TO
- 1D
- -0.30%
- 1M
- -0.67%
- 6M
- 1.29%
- YTD
- 3.03%
- 1Y
- 6.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NHYB.TO vs. XFLI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NHYB.TO NBI High Yield Bond ETF | 0.84% | 7.23% | 0.60% |
XFLI.TO iShares Flexible Monthly Income ETF CAD | 3.03% | 2.07% | 6.23% |
Correlation
The correlation between NHYB.TO and XFLI.TO is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2024 | -0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NHYB.TO vs. XFLI.TO — Risk / Return Rank
NHYB.TO
XFLI.TO
NHYB.TO vs. XFLI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NBI High Yield Bond ETF (NHYB.TO) and iShares Flexible Monthly Income ETF CAD (XFLI.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 | XFLI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.23 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.55 | +0.01 |
| Martin ratioReturn relative to average drawdown | 5.49 | 3.30 | +2.19 |
Loading charts...
Drawdowns
NHYB.TO vs. XFLI.TO - Drawdown Comparison
The maximum NHYB.TO drawdown since its inception was -21.70%, which is greater than XFLI.TO's maximum drawdown of -6.92%. Use the drawdown chart below to compare losses from any high point for NHYB.TO and XFLI.TO.
Loading charts...
Drawdown Indicators
| NHYB.TO | XFLI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.70% | -6.92% | -14.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -4.15% | +1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.85% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -2.23% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -2.05% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.95% | -1.26% |
Volatility
NHYB.TO vs. XFLI.TO - Volatility Comparison
The current volatility for NBI High Yield Bond ETF (NHYB.TO) is 0.91%, while iShares Flexible Monthly Income ETF CAD (XFLI.TO) has a volatility of 2.20%. This indicates that NHYB.TO experiences smaller price fluctuations and is considered to be less risky than XFLI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NHYB.TO | XFLI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 2.20% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 4.50% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.37% | 5.61% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.27% | 6.33% | +1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.86% | 6.33% | +5.53% |
Dividends
NHYB.TO vs. XFLI.TO - Dividend Comparison
NHYB.TO's dividend yield for the trailing twelve months is around 5.50%, which matches XFLI.TO's 5.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
NHYB.TO NBI High Yield Bond ETF | 5.50% | 5.52% | 5.65% | 6.06% | 6.23% | 5.80% | 3.55% |
XFLI.TO iShares Flexible Monthly Income ETF CAD | 5.45% | 5.69% | 2.07% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NHYB.TO and XFLI.TO have a correlation of -0.01, 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 iShares.
Find the right allocation for NHYB.TO and XFLI.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer