NHYB.TO vs. ZJK.TO
NHYB.TO (NBI High Yield Bond ETF) and ZJK.TO (BMO High Yield US Corporate Bond Index ETF) are both High Yield Bonds funds. Over the past 5 years, NHYB.TO returned 3.13%/yr vs 6.26%/yr for ZJK.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
NHYB.TO vs. ZJK.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NHYB.TO achieves a 0.89% return, which is significantly lower than ZJK.TO's 5.30% return.
NHYB.TO
- 1D
- 0.37%
- 1M
- 0.05%
- YTD
- 0.89%
- 6M
- 0.47%
- 1Y
- 3.39%
- 3Y*
- 7.76%
- 5Y*
- 3.13%
- 10Y*
- —
ZJK.TO
- 1D
- -0.05%
- 1M
- 3.11%
- YTD
- 5.30%
- 6M
- 5.36%
- 1Y
- 10.21%
- 3Y*
- 10.73%
- 5Y*
- 6.26%
- 10Y*
- —
NHYB.TO vs. ZJK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NHYB.TO NBI High Yield Bond ETF | 0.89% | 7.23% | 7.06% | 11.11% | -10.25% | 4.98% | 1.37% |
ZJK.TO BMO High Yield US Corporate Bond Index ETF | 5.30% | 3.22% | 16.76% | 10.33% | -6.46% | 3.60% | 1.51% |
Correlation
The correlation between NHYB.TO and ZJK.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2020 | 0.19 |
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. ZJK.TO — Risk / Return Rank
NHYB.TO
ZJK.TO
NHYB.TO vs. ZJK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NBI High Yield Bond ETF (NHYB.TO) and BMO High Yield US Corporate Bond Index ETF (ZJK.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 | ZJK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.33 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.78 | -1.38 |
| Martin ratioReturn relative to average drawdown | 4.94 | 8.05 | -3.11 |
Loading charts...
Drawdowns
NHYB.TO vs. ZJK.TO - Drawdown Comparison
The maximum NHYB.TO drawdown since its inception was -21.70%, which is greater than ZJK.TO's maximum drawdown of -19.40%. Use the drawdown chart below to compare losses from any high point for NHYB.TO and ZJK.TO.
Loading charts...
Drawdown Indicators
| NHYB.TO | ZJK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.70% | -19.40% | -2.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -3.69% | +1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -7.69% | +3.89% |
Max Drawdown (5Y)Largest decline over 5 years | -14.85% | -14.93% | +0.08% |
Current DrawdownCurrent decline from peak | 0.00% | -0.56% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -2.65% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.27% | -0.58% |
Volatility
NHYB.TO vs. ZJK.TO - Volatility Comparison
The current volatility for NBI High Yield Bond ETF (NHYB.TO) is 1.01%, while BMO High Yield US Corporate Bond Index ETF (ZJK.TO) has a volatility of 1.76%. This indicates that NHYB.TO experiences smaller price fluctuations and is considered to be less risky than ZJK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NHYB.TO | ZJK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.76% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 4.52% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.40% | 5.93% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 7.82% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.89% | 10.09% | +1.80% |
Dividends
NHYB.TO vs. ZJK.TO - Dividend Comparison
NHYB.TO's dividend yield for the trailing twelve months is around 5.50%, less than ZJK.TO's 6.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NHYB.TO NBI High Yield Bond ETF | 5.50% | 5.52% | 5.65% | 6.06% | 6.23% | 5.80% | 3.55% | 0.00% | 0.00% | 0.00% |
ZJK.TO BMO High Yield US Corporate Bond Index ETF | 6.18% | 5.97% | 5.59% | 6.15% | 6.37% | 5.60% | 5.94% | 6.32% | 5.45% | 0.88% |
Frequently Asked Questions
NHYB.TO and ZJK.TO have a correlation of 0.12, 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 BMO.
Find the right allocation for NHYB.TO and ZJK.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