NHYB vs. FSYD
NHYB (Nuveen High Yield Corporate Bond ETF) and FSYD (Fidelity Sustainable High Yield ETF) are both High Yield Bonds funds. NHYB is passively managed, while FSYD is actively managed. Their correlation of 0.88 suggests significant overlap in exposure. NHYB charges 0.08%/yr vs 0.55%/yr for FSYD.
Performance
NHYB vs. FSYD - Performance Comparison
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Returns By Period
In the year-to-date period, NHYB achieves a 1.46% return, which is significantly lower than FSYD's 3.01% return.
NHYB
- 1D
- -0.28%
- 1M
- 0.15%
- YTD
- 1.46%
- 6M
- 1.79%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSYD
- 1D
- -0.39%
- 1M
- 0.08%
- YTD
- 3.01%
- 6M
- 3.39%
- 1Y
- 9.66%
- 3Y*
- 9.37%
- 5Y*
- —
- 10Y*
- —
NHYB vs. FSYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NHYB Nuveen High Yield Corporate Bond ETF | 1.46% | 1.30% |
FSYD Fidelity Sustainable High Yield ETF | 3.01% | 1.19% |
Correlation
The correlation between NHYB and FSYD is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025 | 0.88 |
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Return for Risk
NHYB vs. FSYD — Risk / Return Rank
NHYB
FSYD
NHYB vs. FSYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Corporate Bond ETF (NHYB) and Fidelity Sustainable High Yield ETF (FSYD). 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.
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Sharpe Ratios by Period
| NHYB | FSYD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.76 | +0.34 |
Drawdowns
NHYB vs. FSYD - Drawdown Comparison
The maximum NHYB drawdown since its inception was -2.40%, smaller than the maximum FSYD drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for NHYB and FSYD.
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Drawdown Indicators
| NHYB | FSYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.40% | -12.11% | +9.71% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.67% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.49% | — |
Current DrawdownCurrent decline from peak | -0.44% | -0.59% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -0.37% | -2.40% | +2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.67% | — |
Volatility
NHYB vs. FSYD - Volatility Comparison
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Volatility by Period
| NHYB | FSYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 4.13% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.67% | 7.85% | -4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.67% | 7.85% | -4.18% |
NHYB vs. FSYD - Expense Ratio Comparison
NHYB has a 0.08% expense ratio, which is lower than FSYD's 0.55% expense ratio.
Dividends
NHYB vs. FSYD - Dividend Comparison
NHYB's dividend yield for the trailing twelve months is around 4.26%, less than FSYD's 6.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FSYD Fidelity Sustainable High Yield ETF | 6.34% | 6.49% | 6.47% | 6.70% | 5.29% |
NHYB Nuveen High Yield Corporate Bond ETF | 4.26% | 1.28% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NHYB and FSYD have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
NHYB is cheaper with a 0.08% expense ratio, compared with 0.55% for FSYD.
FSYD has the higher dividend yield at 6.34%, compared with 4.26% for NHYB.
They also come from different issuers: Nuveen and Fidelity. Their fees differ too: 0.08% for NHYB and 0.55% for FSYD.
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