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. Their 0.62 correlation means they have sometimes moved together and sometimes differently. 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
- 0.44%
- 1M
- 0.04%
- 6M
- 1.91%
- YTD
- 2.37%
- 1Y
- 5.50%
- 3Y*
- 8.42%
- 5Y*
- 3.48%
- 10Y*
- —
- ALL TIME*
- 3.66%
IBHE
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $369.46K | $374.89K | $334.34K |
NUHY vs. IBHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NUHY Nuveen ESG High Yield Corporate Bond ETF | 2.37% | 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 -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer 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 -0.01 (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 | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | — | — |
| Martin ratioReturn relative to average drawdown | 8.24 | — | — |
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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 | -0.24% | — | — |
Average DrawdownAverage peak-to-trough decline | -3.45% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | — | — |
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 | 1.04% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.32% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.34% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.43% | — | — |
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 6.74%, 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 | 1.47% | 4.53% | 6.92% | 7.17% | 5.77% | 4.84% | 5.74% | 3.73% |
NUHY Nuveen ESG High Yield Corporate Bond ETF | 6.74% | 6.51% | 6.59% | 6.64% | 6.36% | 4.88% | 5.10% | 1.37% |
Frequently Asked Questions
NUHY and IBHE have a correlation of -0.01, 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 6.74%, compared with 1.47% 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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