NHYB vs. HYSA
NHYB (Nuveen High Yield Corporate Bond ETF) and HYSA (Bondbloxx USD High Yield Bond Sector Rotation ETF) are both High Yield Bonds funds. NHYB is passively managed, while HYSA is actively managed. A 0.58 correlation means they provide meaningful diversification when combined. NHYB charges 0.08%/yr vs 0.55%/yr for HYSA.
Performance
NHYB vs. HYSA - Performance Comparison
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Returns By Period
In the year-to-date period, NHYB achieves a 2.24% return, which is significantly higher than HYSA's 1.69% return.
NHYB
- 1D
- -0.12%
- 1M
- 0.20%
- 6M
- 1.83%
- YTD
- 2.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYSA
- 1D
- -0.13%
- 1M
- -0.02%
- 6M
- 1.32%
- YTD
- 1.69%
- 1Y
- 5.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NHYB vs. HYSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NHYB Nuveen High Yield Corporate Bond ETF | 2.24% | 1.24% |
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 1.69% | 1.05% |
Correlation
The correlation between NHYB and HYSA is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.58 |
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Return for Risk
NHYB vs. HYSA — Risk / Return Rank
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYSA
NHYB vs. HYSA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Corporate Bond ETF (NHYB) and Bondbloxx USD High Yield Bond Sector Rotation ETF (HYSA). 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 | HYSA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.70 | — |
| Martin ratioReturn relative to average drawdown | — | 6.78 | — |
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Drawdowns
NHYB vs. HYSA - Drawdown Comparison
The maximum NHYB drawdown since its inception was -2.40%, smaller than the maximum HYSA drawdown of -4.90%. Use the drawdown chart below to compare losses from any high point for NHYB and HYSA.
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Drawdown Indicators
| NHYB | HYSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.40% | -4.90% | +2.50% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.15% | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.19% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -0.34% | -0.67% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.79% | — |
Volatility
NHYB vs. HYSA - Volatility Comparison
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Volatility by Period
| NHYB | HYSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.21% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 4.78% | -1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.54% | 6.01% | -2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.54% | 6.01% | -2.47% |
NHYB vs. HYSA - Expense Ratio Comparison
NHYB has a 0.08% expense ratio, which is lower than HYSA's 0.55% expense ratio.
Dividends
NHYB vs. HYSA - Dividend Comparison
NHYB's dividend yield for the trailing twelve months is around 4.82%, less than HYSA's 6.71% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HYSA Bondbloxx USD High Yield Bond Sector Rotation ETF | 6.71% | 6.70% | 6.99% | 2.65% |
NHYB Nuveen High Yield Corporate Bond ETF | 4.82% | 1.28% | 0.00% | 0.00% |
Frequently Asked Questions
NHYB and HYSA have a correlation of 0.58, 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 HYSA.
HYSA has the higher dividend yield at 6.71%, compared with 4.82% for NHYB.
They also come from different issuers: Nuveen and BondBloxx. Their fees differ too: 0.08% for NHYB and 0.55% for HYSA.
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