THY vs. NHYB

Last updated Jun 25, 2026

THY (Agility Shares Dynamic Tactical Income ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds. THY is actively managed, while NHYB is passively managed. A 0.70 correlation means they provide meaningful diversification when combined. THY charges 1.36%/yr vs 0.08%/yr for NHYB.

Performance

THY vs. NHYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Agility Shares Dynamic Tactical Income ETF (THY) and Nuveen High Yield Corporate Bond ETF (NHYB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, THY achieves a 0.78% return, which is significantly lower than NHYB's 1.93% return.

THY

• 1D: -0.02%
• 1M: 0.60%
• YTD: 0.78%
• 6M: 0.89%
• 1Y: 3.23%
• 3Y*: 5.46%
• 5Y*: 1.65%
• 10Y*: —

NHYB

• 1D: 0.02%
• 1M: 0.54%
• YTD: 1.93%
• 6M: 1.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

THY vs. NHYB - Yearly Performance Comparison

	2026 (YTD)	2025
THY Agility Shares Dynamic Tactical Income ETF	0.78%	-0.65%
NHYB Nuveen High Yield Corporate Bond ETF	1.93%	1.24%

Correlation

The correlation between THY and NHYB is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.70

Return for Risk

THY vs. NHYB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

THY

THY Risk / Return Rank: 36
THY Sharpe Ratio Rank: 33
THY Sortino Ratio Rank: 33
THY Omega Ratio Rank: 32
THY Calmar Ratio Rank: 46
THY Martin Ratio Rank: 35

NHYB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

THY vs. NHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Agility Shares Dynamic Tactical Income ETF (THY) 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.

	THY	NHYB	Difference
Sharpe ratio: Return per unit of total volatility	1.09	—	—
Sortino ratio: Return per unit of downside risk	1.61	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	2.02	—	—
Martin ratio: Return relative to average drawdown	4.78	—	—

Drawdowns

THY vs. NHYB - Drawdown Comparison

The maximum THY drawdown since its inception was -8.56%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for THY and NHYB.

Drawdown Indicators

	THY	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	-8.56%	-2.40%	-6.16%
Max Drawdown (1Y) Largest decline over 1 year	-1.60%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-2.74%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-8.56%	—	—
Current Drawdown Current decline from peak	-0.50%	-0.18%	-0.32%
Average Drawdown Average peak-to-trough decline	-2.60%	-0.36%	-2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	—	—

Volatility

Volatility by Period

	THY	NHYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.98%	3.63%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.56%	3.63%	+0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.47%	3.63%	+0.84%

THY vs. NHYB - Expense Ratio Comparison

THY has a 1.36% expense ratio, which is higher than NHYB's 0.08% expense ratio.

Dividends

THY vs. NHYB - Dividend Comparison

THY's dividend yield for the trailing twelve months is around 5.43%, more than NHYB's 4.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
NHYB Nuveen High Yield Corporate Bond ETF	4.24%	1.28%	0.00%	0.00%	0.00%	0.00%	0.00%
THY Agility Shares Dynamic Tactical Income ETF	5.43%	6.00%	5.09%	4.59%	2.56%	3.46%	2.53%

Frequently Asked Questions

Can I hold both THY and NHYB in my portfolio?

THY and NHYB have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, THY or NHYB?

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.

Which ETF is cheaper, THY or NHYB?

NHYB is cheaper with a 0.08% expense ratio, compared with 1.36% for THY.

Which ETF pays a higher dividend yield, THY or NHYB?

THY has the higher dividend yield at 5.43%, compared with 4.24% for NHYB.

What is the main difference between THY and NHYB?

They also come from different issuers: Toews Corp. and Nuveen. Their fees differ too: 1.36% for THY and 0.08% for NHYB.