NHYB vs. XB
NHYB (Nuveen High Yield Corporate Bond ETF) and XB (BondBloxx B Rated USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index while XB tracks the ICE BofA Single-B US Cash Pay High Yield Constrained Index. Both are passively managed. Their correlation of 0.81 suggests significant overlap in exposure. NHYB charges 0.08%/yr vs 0.30%/yr for XB.
Performance
NHYB vs. XB - Performance Comparison
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Returns By Period
In the year-to-date period, NHYB achieves a 1.99% return, which is significantly lower than XB's 2.20% return.
NHYB
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 1.99%
- 6M
- 1.95%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XB
- 1D
- -0.06%
- 1M
- 0.33%
- YTD
- 2.20%
- 6M
- 2.32%
- 1Y
- 5.98%
- 3Y*
- 8.53%
- 5Y*
- —
- 10Y*
- —
NHYB vs. XB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NHYB Nuveen High Yield Corporate Bond ETF | 1.99% | 1.24% |
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 2.20% | 1.40% |
Correlation
The correlation between NHYB and XB is 0.81, 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 24, 2025 | 0.81 |
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Return for Risk
NHYB vs. XB — Risk / Return Rank
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XB
NHYB vs. XB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Corporate Bond ETF (NHYB) and BondBloxx B Rated USD High Yield Corporate Bond ETF (XB). 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 | XB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.79 | — |
| Martin ratioReturn relative to average drawdown | — | 12.01 | — |
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Drawdowns
NHYB vs. XB - Drawdown Comparison
The maximum NHYB drawdown since its inception was -2.40%, smaller than the maximum XB drawdown of -9.25%. Use the drawdown chart below to compare losses from any high point for NHYB and XB.
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Drawdown Indicators
| NHYB | XB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.40% | -9.25% | +6.85% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.16% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.36% | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.35% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -1.30% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.50% | — |
Volatility
NHYB vs. XB - Volatility Comparison
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Volatility by Period
| NHYB | XB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.05% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.61% | 3.80% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.61% | 7.43% | -3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.61% | 7.43% | -3.82% |
NHYB vs. XB - Expense Ratio Comparison
NHYB has a 0.08% expense ratio, which is lower than XB's 0.30% expense ratio.
Dividends
NHYB vs. XB - Dividend Comparison
NHYB's dividend yield for the trailing twelve months is around 4.24%, less than XB's 7.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
NHYB Nuveen High Yield Corporate Bond ETF | 4.24% | 1.28% | 0.00% | 0.00% | 0.00% |
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 7.05% | 6.96% | 7.74% | 7.87% | 5.01% |
Frequently Asked Questions
NHYB and XB have a correlation of 0.81, 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 0.30% for XB.
XB has the higher dividend yield at 7.05%, compared with 4.24% for NHYB.
NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index, while XB tracks ICE BofA Single-B US Cash Pay High Yield Constrained Index. They also come from different issuers: Nuveen and BondBloxx. Their fees differ too: 0.08% for NHYB and 0.30% for XB.
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