NHYB vs. IBHD

Last updated Jun 7, 2026

NHYB (Nuveen High Yield Corporate Bond ETF) and IBHD (iShares iBonds 2024 Term High Yield & Income ETF) are both High Yield Bonds funds - NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index while IBHD tracks the Bloomberg 2024 Term High Yield and Income Index. Both are passively managed. NHYB charges 0.08%/yr vs 0.35%/yr for IBHD.

Performance

NHYB vs. IBHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen High Yield Corporate Bond ETF (NHYB) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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*: —

IBHD

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

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

NHYB vs. IBHD - Yearly Performance Comparison

	2026 (YTD)
NHYB Nuveen High Yield Corporate Bond ETF	0.69%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%

Return for Risk

NHYB vs. IBHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Corporate Bond ETF (NHYB) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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	IBHD	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	—	—

Drawdowns

NHYB vs. IBHD - Drawdown Comparison

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

Drawdown Indicators

	NHYB	IBHD	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	IBHD	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. IBHD - Expense Ratio Comparison

NHYB has a 0.08% expense ratio, which is lower than IBHD's 0.35% expense ratio.

Dividends

NHYB vs. IBHD - Dividend Comparison

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

Position	TTM	2025
IBHD iShares iBonds 2024 Term High Yield & Income 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 IBHD?

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 IBHD?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.35% for IBHD.

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

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

What is the main difference between NHYB and IBHD?

NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index, while IBHD tracks Bloomberg 2024 Term High Yield and Income Index. They also come from different issuers: Nuveen and iShares. Their fees differ too: 0.08% for NHYB and 0.35% for IBHD.