NHYB vs. NURE

Last updated Jun 7, 2026

NHYB (Nuveen High Yield Corporate Bond ETF) and NURE (Nuveen Short-Term REIT ETF) are both exchange-traded funds - NHYB is a High Yield Bonds fund tracking the ICE BofA BB-B US Cash Pay High Yield Constrained Index, while NURE is a REIT fund tracking the Dow Jones U.S. Select Short-Term REIT Index. Both are passively managed. At a 0.42 correlation, their price movements are largely independent. NHYB charges 0.08%/yr vs 0.35%/yr for NURE.

Performance

NHYB vs. NURE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen High Yield Corporate Bond ETF (NHYB) and Nuveen Short-Term REIT ETF (NURE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NHYB achieves a 1.46% return, which is significantly lower than NURE's 14.42% return.

NHYB

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

NURE

• 1D: 0.74%
• 1M: 4.85%
• YTD: 14.42%
• 6M: 17.40%
• 1Y: 11.04%
• 3Y*: 5.82%
• 5Y*: 2.17%
• 10Y*: —

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

NHYB vs. NURE - Yearly Performance Comparison

	2026 (YTD)	2025
NHYB Nuveen High Yield Corporate Bond ETF	1.46%	1.30%
NURE Nuveen Short-Term REIT ETF	14.42%	-0.52%

Correlation

The correlation between NHYB and NURE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025	0.42

Return for Risk

NHYB vs. NURE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NURE

NURE Risk / Return Rank: 23
NURE Sharpe Ratio Rank: 23
NURE Sortino Ratio Rank: 22
NURE Omega Ratio Rank: 21
NURE Calmar Ratio Rank: 28
NURE Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NHYB vs. NURE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Corporate Bond ETF (NHYB) and Nuveen Short-Term REIT ETF (NURE). 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	NURE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.74	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.28	+0.82

Drawdowns

NHYB vs. NURE - Drawdown Comparison

The maximum NHYB drawdown since its inception was -2.40%, smaller than the maximum NURE drawdown of -46.05%. Use the drawdown chart below to compare losses from any high point for NHYB and NURE.

Drawdown Indicators

	NHYB	NURE	Difference
Max Drawdown Largest peak-to-trough decline	-2.40%	-46.05%	+43.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.13%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.03%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.98%	—
Current Drawdown Current decline from peak	-0.44%	-9.79%	+9.35%
Average Drawdown Average peak-to-trough decline	-0.37%	-12.30%	+11.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.39%	—

Volatility

Volatility by Period

	NHYB	NURE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	15.96%	-12.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.67%	19.67%	-16.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.67%	21.81%	-18.14%

NHYB vs. NURE - Expense Ratio Comparison

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

Dividends

NHYB vs. NURE - Dividend Comparison

NHYB's dividend yield for the trailing twelve months is around 4.26%, less than NURE's 4.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
NHYB Nuveen High Yield Corporate Bond ETF	4.26%	1.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NURE Nuveen Short-Term REIT ETF	4.34%	4.56%	3.51%	3.73%	2.80%	1.34%	3.41%	3.28%	4.11%	3.86%	0.48%

Frequently Asked Questions

Can I hold both NHYB and NURE in my portfolio?

NHYB and NURE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NHYB or NURE?

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 NURE?

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

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

NURE has the higher dividend yield at 4.34%, compared with 4.26% for NHYB.

What is the main difference between NHYB and NURE?

NHYB is categorized as High Yield Bonds, while NURE is REIT. NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index, while NURE tracks Dow Jones U.S. Select Short-Term REIT Index. Their fees differ too: 0.08% for NHYB and 0.35% for NURE.