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. A 0.62 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
- 0.16%
- 1M
- 0.29%
- 6M
- 1.77%
- YTD
- 2.26%
- 1Y
- 6.30%
- 3Y*
- 8.33%
- 5Y*
- 3.47%
- 10Y*
- —
IBHE
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NUHY vs. IBHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NUHY Nuveen ESG High Yield Corporate Bond ETF | 2.26% | 9.12% | 7.26% | 11.18% | -11.80% | 2.46% | 4.14% | 2.08% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 0.00% | 4.45% | 7.62% | 10.32% | -4.08% | 4.40% | 4.16% | 2.23% |
Correlation
The correlation between NUHY and IBHE is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.62 |
The correlation between NUHY and IBHE shifts across timeframes, from -0.02 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NUHY vs. IBHE — Risk / Return Rank
NUHY
IBHE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| NUHY | IBHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | — | — |
| Martin ratioReturn relative to average drawdown | 9.86 | — | — |
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Drawdowns
NUHY vs. IBHE - Drawdown Comparison
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Drawdown Indicators
| NUHY | IBHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.14% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.68% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.92% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | — | — |
Average DrawdownAverage peak-to-trough decline | -3.48% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | — | — |
Volatility
NUHY vs. IBHE - Volatility Comparison
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Volatility by Period
| NUHY | IBHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.34% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.45% | — | — |
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 6.69%, 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% |
NUHY Nuveen ESG High Yield Corporate Bond ETF | 6.69% | 6.51% | 6.59% | 6.64% | 6.36% | 4.88% | 5.10% | 1.37% |
Frequently Asked Questions
NUHY and IBHE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NUHY is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NUHY is cheaper with a 0.30% expense ratio, compared with 0.35% for IBHE.
NUHY has the higher dividend yield at 6.69%, compared with 1.87% 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.
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