NJNK vs. HYLB

Last updated Jun 26, 2026

NJNK (Columbia U.S. High Yield ETF) and HYLB (Xtrackers USD High Yield Corporate Bond ETF) are both High Yield Bonds funds. NJNK is actively managed, while HYLB is passively managed. Over the past year, NJNK returned 5.82% vs 5.91% for HYLB. Their correlation of 0.89 suggests significant overlap in exposure. NJNK charges 0.46%/yr vs 0.15%/yr for HYLB.

Performance

NJNK vs. HYLB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia U.S. High Yield ETF (NJNK) and Xtrackers USD High Yield Corporate Bond ETF (HYLB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NJNK achieves a 1.48% return, which is significantly lower than HYLB's 1.73% return.

NJNK

• 1D: 0.08%
• 1M: 0.08%
• YTD: 1.48%
• 6M: 1.42%
• 1Y: 5.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYLB

• 1D: 0.03%
• 1M: 0.16%
• YTD: 1.73%
• 6M: 1.70%
• 1Y: 5.91%
• 3Y*: 8.93%
• 5Y*: 3.92%
• 10Y*: —

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

NJNK vs. HYLB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NJNK Columbia U.S. High Yield ETF	1.48%	9.03%	0.77%
HYLB Xtrackers USD High Yield Corporate Bond ETF	1.73%	8.74%	1.57%

Correlation

The correlation between NJNK and HYLB is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.89

The correlation between NJNK and HYLB has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

Return for Risk

NJNK vs. HYLB — Risk / Return Rank

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

NJNK

NJNK Risk / Return Rank: 50
NJNK Sharpe Ratio Rank: 46
NJNK Sortino Ratio Rank: 49
NJNK Omega Ratio Rank: 47
NJNK Calmar Ratio Rank: 50
NJNK Martin Ratio Rank: 58

HYLB

HYLB Risk / Return Rank: 60
HYLB Sharpe Ratio Rank: 53
HYLB Sortino Ratio Rank: 58
HYLB Omega Ratio Rank: 58
HYLB Calmar Ratio Rank: 61
HYLB Martin Ratio Rank: 69

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.

NJNK vs. HYLB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia U.S. High Yield ETF (NJNK) and Xtrackers USD High Yield Corporate Bond ETF (HYLB). 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.

	NJNK	HYLB	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.58	-0.14
Sortino ratio: Return per unit of downside risk	2.19	2.40	-0.21
Omega ratio: Gain probability vs. loss probability	1.27	1.31	-0.04
Calmar ratio: Return relative to maximum drawdown	2.22	2.61	-0.39
Martin ratio: Return relative to average drawdown	9.17	11.16	-1.99

NJNK vs. HYLB - Sharpe Ratio Comparison

The current NJNK Sharpe Ratio is 1.45, which is comparable to the HYLB Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of NJNK and HYLB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NJNK vs. HYLB - Drawdown Comparison

The maximum NJNK drawdown since its inception was -4.48%, smaller than the maximum HYLB drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for NJNK and HYLB.

Drawdown Indicators

	NJNK	HYLB	Difference
Max Drawdown Largest peak-to-trough decline	-4.48%	-22.91%	+18.43%
Max Drawdown (1Y) Largest decline over 1 year	-2.63%	-2.27%	-0.36%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.51%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.54%	—
Current Drawdown Current decline from peak	-0.27%	-0.16%	-0.11%
Average Drawdown Average peak-to-trough decline	-0.49%	-2.42%	+1.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.64%	0.53%	+0.11%

Volatility

NJNK vs. HYLB - Volatility Comparison

Columbia U.S. High Yield ETF (NJNK) and Xtrackers USD High Yield Corporate Bond ETF (HYLB) have volatilities of 0.98% and 1.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NJNK	HYLB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	1.00%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	3.12%	3.01%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	4.04%	3.75%	+0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.76%	7.48%	-2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.76%	8.16%	-3.40%

NJNK vs. HYLB - Expense Ratio Comparison

NJNK has a 0.46% expense ratio, which is higher than HYLB's 0.15% expense ratio.

Dividends

NJNK vs. HYLB - Dividend Comparison

NJNK's dividend yield for the trailing twelve months is around 6.43%, which matches HYLB's 6.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HYLB Xtrackers USD High Yield Corporate Bond ETF	6.47%	6.29%	6.31%	5.84%	5.53%	4.45%	5.22%	5.71%	5.95%	5.85%	0.27%
NJNK Columbia U.S. High Yield ETF	6.43%	6.34%	2.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NJNK and HYLB in my portfolio?

NJNK and HYLB have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NJNK or HYLB?

HYLB has higher volatility (1.00%) compared to NJNK (0.98%). In terms of maximum drawdown, NJNK dropped -4.48% vs HYLB's -22.91%.

Which ETF is better, NJNK or HYLB?

On 1-year performance, HYLB leads with 5.91% vs 5.82% for NJNK. On fees, HYLB is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NJNK or HYLB?

Over the 1-year period, HYLB has performed better with a 5.91% return vs 5.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NJNK or HYLB?

HYLB is cheaper with a 0.15% expense ratio, compared with 0.46% for NJNK.

Which ETF pays a higher dividend yield, NJNK or HYLB?

HYLB has the higher dividend yield at 6.47%, compared with 6.43% for NJNK.

What is the main difference between NJNK and HYLB?

They also come from different issuers: Columbia and DWS. Their fees differ too: 0.46% for NJNK and 0.15% for HYLB.

Which has better risk-adjusted returns?

HYLB currently has the higher Sharpe Ratio (1.58 vs 1.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.