QHY vs. NHYB
QHY (WisdomTree U.S. Short-Term Corporate Bond Fund) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - QHY tracks the WisdomTree U.S. High Yield Corporate Bond Index while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. Their correlation of 0.89 suggests significant overlap in exposure. QHY charges 0.38%/yr vs 0.08%/yr for NHYB.
Performance
QHY vs. NHYB - Performance Comparison
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Returns By Period
In the year-to-date period, QHY achieves a 1.75% return, which is significantly lower than NHYB's 2.08% return.
QHY
- 1D
- 0.24%
- 1M
- 0.86%
- YTD
- 1.75%
- 6M
- 2.02%
- 1Y
- 7.15%
- 3Y*
- 8.01%
- 5Y*
- 3.23%
- 10Y*
- 5.00%
NHYB
- 1D
- 0.31%
- 1M
- 0.84%
- YTD
- 2.08%
- 6M
- 2.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QHY vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | 1.75% | 1.28% |
NHYB Nuveen High Yield Corporate Bond ETF | 2.08% | 1.24% |
Correlation
The correlation between QHY and NHYB is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.89 |
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Return for Risk
QHY vs. NHYB — Risk / Return Rank
QHY
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QHY vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) 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.
| QHY | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | — | — |
| Martin ratioReturn relative to average drawdown | 11.76 | — | — |
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Drawdowns
QHY vs. NHYB - Drawdown Comparison
The maximum QHY drawdown since its inception was -22.74%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for QHY and NHYB.
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Drawdown Indicators
| QHY | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -2.40% | -20.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.03% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -0.36% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | — | — |
Volatility
QHY vs. NHYB - Volatility Comparison
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Volatility by Period
| QHY | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 3.66% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 3.66% | +3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.19% | 3.66% | +4.53% |
QHY vs. NHYB - Expense Ratio Comparison
QHY has a 0.38% expense ratio, which is higher than NHYB's 0.08% expense ratio.
Dividends
QHY vs. NHYB - Dividend Comparison
QHY's dividend yield for the trailing twelve months is around 6.24%, more than NHYB's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NHYB Nuveen High Yield Corporate Bond ETF | 4.24% | 1.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | 6.24% | 6.26% | 6.40% | 6.11% | 5.44% | 4.09% | 4.80% | 5.21% | 5.93% | 6.47% | 4.39% |
Frequently Asked Questions
QHY and NHYB have a correlation of 0.89, 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 0.38% for QHY.
QHY has the higher dividend yield at 6.24%, compared with 4.24% for NHYB.
QHY tracks WisdomTree U.S. High Yield Corporate Bond Index, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: WisdomTree and Nuveen. Their fees differ too: 0.38% for QHY and 0.08% for NHYB.
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