NJNK vs. IBHE
NJNK (Columbia U.S. High Yield ETF) and IBHE (iShares iBonds 2025 Term High Yield & Income ETF) are both High Yield Bonds funds. NJNK is actively managed, while IBHE is passively managed. At a 0.20 correlation, their price movements are largely independent. NJNK charges 0.46%/yr vs 0.35%/yr for IBHE.
Performance
NJNK vs. IBHE - Performance Comparison
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Returns By Period
NJNK
- 1D
- -0.32%
- 1M
- -0.03%
- 6M
- 1.33%
- YTD
- 1.52%
- 1Y
- 5.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBHE
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NJNK vs. IBHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NJNK Columbia U.S. High Yield ETF | 1.52% | 9.03% | 0.77% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 0.00% | 4.45% | 2.34% |
Correlation
The correlation between NJNK and IBHE is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.20 |
The correlation between NJNK and IBHE shifts across timeframes, from -0.01 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NJNK vs. IBHE — Risk / Return Rank
NJNK
IBHE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NJNK vs. IBHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia U.S. High Yield ETF (NJNK) and iShares iBonds 2025 Term High Yield & Income ETF (IBHE). 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 | IBHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | — | — |
| Martin ratioReturn relative to average drawdown | 9.10 | — | — |
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Drawdowns
NJNK vs. IBHE - Drawdown Comparison
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Drawdown Indicators
| NJNK | IBHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.48% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | — | — |
Current DrawdownCurrent decline from peak | -0.60% | — | — |
Average DrawdownAverage peak-to-trough decline | -0.48% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | — | — |
Volatility
NJNK vs. IBHE - Volatility Comparison
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Volatility by Period
| NJNK | IBHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.72% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.72% | — | — |
NJNK vs. IBHE - Expense Ratio Comparison
NJNK has a 0.46% expense ratio, which is higher than IBHE's 0.35% expense ratio.
Dividends
NJNK vs. IBHE - Dividend Comparison
NJNK's dividend yield for the trailing twelve months is around 6.41%, while IBHE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 1.87% | 4.53% | 6.92% | 7.17% | 5.77% | 4.84% | 5.74% | 3.73% |
NJNK Columbia U.S. High Yield ETF | 6.41% | 6.34% | 2.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NJNK and IBHE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBHE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBHE is cheaper with a 0.35% expense ratio, compared with 0.46% for NJNK.
NJNK has the higher dividend yield at 6.41%, compared with 1.87% for IBHE.
They also come from different issuers: Columbia and iShares. Their fees differ too: 0.46% for NJNK and 0.35% for IBHE.
Find the right allocation for NJNK and IBHE
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