NHYB vs. ESHY

Last updated Jun 7, 2026

NHYB (Nuveen High Yield Corporate Bond ETF) and ESHY (Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index while ESHY tracks the JPMorgan ESG DM Corporate High Yield USD Index. Both are passively managed. NHYB charges 0.08%/yr vs 0.20%/yr for ESHY.

Performance

NHYB vs. ESHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen High Yield Corporate Bond ETF (NHYB) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NHYB

• 1D: -0.28%
• 1M: 0.15%
• YTD: 1.46%
• 6M: 1.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ESHY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NHYB vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
NHYB Nuveen High Yield Corporate Bond ETF	0.69%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%

Return for Risk

NHYB vs. ESHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Corporate Bond ETF (NHYB) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NHYB	ESHY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	—	—

Drawdowns

NHYB vs. ESHY - Drawdown Comparison

The maximum NHYB drawdown since its inception was -2.40%, which is greater than ESHY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for NHYB and ESHY.

Drawdown Indicators

	NHYB	ESHY	Difference
Max Drawdown Largest peak-to-trough decline	-2.40%	0.00%	-2.40%
Current Drawdown Current decline from peak	-0.44%	0.00%	-0.44%
Average Drawdown Average peak-to-trough decline	-0.37%	0.00%	-0.37%

Volatility

Volatility by Period

	NHYB	ESHY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	0.00%	+3.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.67%	0.00%	+3.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.67%	0.00%	+3.67%

NHYB vs. ESHY - Expense Ratio Comparison

NHYB has a 0.08% expense ratio, which is lower than ESHY's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

NHYB vs. ESHY - Dividend Comparison

NHYB's dividend yield for the trailing twelve months is around 4.26%, while ESHY has not paid dividends to shareholders.

Position	TTM	2025
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%
NHYB Nuveen High Yield Corporate Bond ETF	4.26%	1.28%

Frequently Asked Questions

Which ETF is better, NHYB or ESHY?

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, NHYB or ESHY?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.20% for ESHY.

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

NHYB has the higher dividend yield at 4.26%, compared with 0.00% for ESHY.

What is the main difference between NHYB and ESHY?

NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index, while ESHY tracks JPMorgan ESG DM Corporate High Yield USD Index. They also come from different issuers: Nuveen and Deutsche Bank. Their fees differ too: 0.08% for NHYB and 0.20% for ESHY.