NUHY vs. IBHE
NUHY (Nuveen ESG High Yield Corporate Bond ETF) and IBHE (iShares iBonds 2025 Term High Yield & Income ETF) are both High Yield Bonds funds - NUHY tracks the Bloomberg Barclays MSCI US Aggregate ESG Select Index while IBHE tracks the Bloomberg 2025 Term High Yield and Income Index. Both are passively managed. Over the past 5 years, NUHY returned 3.43%/yr vs 3.89%/yr for IBHE. A 0.63 correlation means they provide meaningful diversification when combined. NUHY charges 0.30%/yr vs 0.35%/yr for IBHE.
Performance
NUHY vs. IBHE - Performance Comparison
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Returns By Period
NUHY
- 1D
- 0.14%
- 1M
- 0.75%
- YTD
- 1.49%
- 6M
- 1.82%
- 1Y
- 6.51%
- 3Y*
- 8.51%
- 5Y*
- 3.43%
- 10Y*
- —
IBHE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.13%
- 1Y
- 2.05%
- 3Y*
- 5.99%
- 5Y*
- 3.89%
- 10Y*
- —
NUHY vs. IBHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NUHY Nuveen ESG High Yield Corporate Bond ETF | 1.49% | 9.12% | 7.26% | 11.18% | -11.80% | 2.46% | 4.14% | 2.21% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 0.00% | 4.45% | 7.62% | 10.32% | -4.08% | 4.40% | 4.16% | 2.38% |
Correlation
The correlation between NUHY and IBHE is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.63 |
Over the past year, the correlation between NUHY and IBHE has dropped to 0.04 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
NUHY vs. IBHE — Risk / Return Rank
NUHY
IBHE
NUHY vs. IBHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG High Yield Corporate Bond ETF (NUHY) 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.
| NUHY | IBHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 2.06 | -0.72 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 22.58 | -20.30 |
| Martin ratioReturn relative to average drawdown | 10.16 | 88.89 | -78.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NUHY | IBHE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 3.31 | -1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.83 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.41 | +0.02 |
Drawdowns
NUHY vs. IBHE - Drawdown Comparison
The maximum NUHY drawdown since its inception was -20.14%, smaller than the maximum IBHE drawdown of -26.91%. Use the drawdown chart below to compare losses from any high point for NUHY and IBHE.
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Drawdown Indicators
| NUHY | IBHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.14% | -26.91% | +6.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -0.11% | -2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -4.68% | -0.94% | -3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -16.92% | -8.51% | -8.41% |
Current DrawdownCurrent decline from peak | -0.12% | 0.00% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -1.42% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.05% | +0.59% |
Volatility
NUHY vs. IBHE - Volatility Comparison
Nuveen ESG High Yield Corporate Bond ETF (NUHY) has a higher volatility of 1.35% compared to iShares iBonds 2025 Term High Yield & Income ETF (IBHE) at 0.00%. This indicates that NUHY's price experiences larger fluctuations and is considered to be riskier than IBHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUHY | IBHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.00% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 0.39% | +2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 0.78% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.31% | 4.87% | +2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.51% | 11.52% | -3.01% |
NUHY vs. IBHE - Expense Ratio Comparison
NUHY has a 0.30% expense ratio, which is lower than IBHE's 0.35% expense ratio.
Dividends
NUHY vs. IBHE - Dividend Comparison
NUHY's dividend yield for the trailing twelve months is around 6.63%, more than IBHE's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 2.29% | 4.53% | 6.92% | 7.17% | 5.77% | 4.84% | 5.74% | 3.73% |
NUHY Nuveen ESG High Yield Corporate Bond ETF | 6.63% | 6.51% | 6.59% | 6.64% | 6.36% | 4.88% | 5.10% | 1.37% |
Frequently Asked Questions
NUHY and IBHE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUHY has higher volatility (1.35%) compared to IBHE (0.00%). In terms of maximum drawdown, NUHY dropped -20.14% vs IBHE's -26.91%.
On 5-year performance, IBHE leads with 3.89% vs 3.43% for NUHY. On fees, NUHY is cheaper at 0.30% per year. On volatility, IBHE has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IBHE has performed better with a 3.89% return vs 3.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NUHY is cheaper with a 0.30% expense ratio, compared with 0.35% for IBHE.
NUHY has the higher dividend yield at 6.63%, compared with 2.29% for IBHE.
NUHY tracks Bloomberg Barclays MSCI US Aggregate ESG Select Index, while IBHE tracks Bloomberg 2025 Term High Yield and Income Index. They also come from different issuers: Nuveen and iShares. Their fees differ too: 0.30% for NUHY and 0.35% for IBHE.
IBHE currently has the higher Sharpe Ratio (3.31 vs 1.72), 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.
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