NJNK vs. NHYB
NJNK (Columbia U.S. High Yield ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds. NJNK is actively managed, while NHYB is passively managed. Their 0.78 correlation means they have sometimes moved together and sometimes differently. NJNK charges 0.46%/yr vs 0.08%/yr for NHYB.
Performance
NJNK vs. NHYB - Performance Comparison
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Returns By Period
In the year-to-date period, NJNK achieves a 1.60% return, which is significantly lower than NHYB's 1.99% return.
NJNK
- 1D
- 0.13%
- 1M
- -0.45%
- 6M
- 1.51%
- YTD
- 1.60%
- 1Y
- 5.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.96%
NHYB
- 1D
- 0.08%
- 1M
- -0.33%
- 6M
- 1.30%
- YTD
- 1.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.61M | $1.50M | $2.19M | |
| $34.41K | $52.42K | $194.41K |
NJNK vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NJNK Columbia U.S. High Yield ETF | 1.60% | 1.28% |
NHYB Nuveen High Yield Corporate Bond ETF | 1.99% | 1.24% |
Correlation
The correlation between NJNK and NHYB is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.78 |
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Return for Risk
NJNK vs. NHYB — Risk / Return Rank
NJNK
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NJNK vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia U.S. High Yield ETF (NJNK) and Nuveen High Yield Corporate Bond ETF (NHYB). 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 | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | — | — |
| Martin ratioReturn relative to average drawdown | 8.24 | — | — |
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Drawdowns
NJNK vs. NHYB - Drawdown Comparison
The maximum NJNK drawdown since its inception was -4.48%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for NJNK and NHYB.
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Drawdown Indicators
| NJNK | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.48% | -2.40% | -2.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -0.41% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -0.48% | -0.35% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | — | — |
Volatility
NJNK vs. NHYB - Volatility Comparison
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Volatility by Period
| NJNK | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 3.50% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.68% | 3.50% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 3.50% | +1.18% |
NJNK vs. NHYB - Expense Ratio Comparison
NJNK has a 0.46% expense ratio, which is higher than NHYB's 0.08% expense ratio.
Dividends
NJNK vs. NHYB - Dividend Comparison
NJNK's dividend yield for the trailing twelve months is around 6.41%, more than NHYB's 4.83% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NHYB Nuveen High Yield Corporate Bond ETF | 4.83% | 1.28% | 0.00% |
NJNK Columbia U.S. High Yield ETF | 5.85% | 6.34% | 2.05% |
Frequently Asked Questions
NJNK and NHYB have a correlation of 0.78, 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 0.46% for NJNK.
NJNK has the higher dividend yield at 5.85%, compared with 4.83% for NHYB.
They also come from different issuers: Columbia and Nuveen. Their fees differ too: 0.46% for NJNK and 0.08% for NHYB.
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