NHYB vs. VGHY

Last updated Jul 17, 2026

NHYB (Nuveen High Yield Corporate Bond ETF) and VGHY (Vanguard High-Yield Active ETF) are both High Yield Bonds funds. NHYB is passively managed, while VGHY is actively managed. A 0.77 correlation means they provide meaningful diversification when combined. NHYB charges 0.08%/yr vs 0.22%/yr for VGHY.

Performance

NHYB vs. VGHY - Performance Comparison

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

Returns By Period

In the year-to-date period, NHYB achieves a 2.24% return, which is significantly higher than VGHY's 2.02% return.

NHYB

• 1D: -0.12%
• 1M: 0.20%
• 6M: 1.83%
• YTD: 2.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VGHY

• 1D: -0.01%
• 1M: 0.21%
• 6M: 1.56%
• YTD: 2.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NHYB vs. VGHY - Yearly Performance Comparison

	2026 (YTD)	2025
NHYB Nuveen High Yield Corporate Bond ETF	2.24%	1.24%
VGHY Vanguard High-Yield Active ETF	2.02%	1.52%

Correlation

The correlation between NHYB and VGHY is 0.77, 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	0.77

Return for Risk

NHYB vs. VGHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Corporate Bond ETF (NHYB) and Vanguard High-Yield Active ETF (VGHY). 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.

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

Drawdowns

NHYB vs. VGHY - Drawdown Comparison

The maximum NHYB drawdown since its inception was -2.40%, smaller than the maximum VGHY drawdown of -2.66%. Use the drawdown chart below to compare losses from any high point for NHYB and VGHY.

Drawdown Indicators

	NHYB	VGHY	Difference
Max Drawdown Largest peak-to-trough decline	-2.40%	-2.66%	+0.26%
Current Drawdown Current decline from peak	-0.16%	-0.09%	-0.07%
Average Drawdown Average peak-to-trough decline	-0.34%	-0.41%	+0.07%

Volatility

Volatility by Period

	NHYB	VGHY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.54%	4.11%	-0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.54%	4.11%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.54%	4.11%	-0.57%

NHYB vs. VGHY - Expense Ratio Comparison

NHYB has a 0.08% expense ratio, which is lower than VGHY's 0.22% 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. VGHY - Dividend Comparison

NHYB's dividend yield for the trailing twelve months is around 4.82%, more than VGHY's 4.48% yield.

Position	TTM	2025
NHYB Nuveen High Yield Corporate Bond ETF	4.82%	1.28%
VGHY Vanguard High-Yield Active ETF	4.48%	1.49%

Frequently Asked Questions

Can I hold both NHYB and VGHY in my portfolio?

NHYB and VGHY have a correlation of 0.77, 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 VGHY?

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 VGHY?

NHYB is cheaper with a 0.08% expense ratio, compared with 0.22% for VGHY.

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

NHYB has the higher dividend yield at 4.82%, compared with 4.48% for VGHY.

What is the main difference between NHYB and VGHY?

They also come from different issuers: Nuveen and Vanguard. Their fees differ too: 0.08% for NHYB and 0.22% for VGHY.