XB vs. NHYB
XB (BondBloxx B Rated USD High Yield Corporate Bond ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - XB tracks the ICE BofA Single-B US Cash Pay High Yield Constrained Index while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. Their correlation of 0.81 suggests significant overlap in exposure. XB charges 0.30%/yr vs 0.08%/yr for NHYB.
Performance
XB vs. NHYB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XB achieves a 2.07% return, which is significantly higher than NHYB's 1.76% return.
XB
- 1D
- -0.49%
- 1M
- 1.07%
- YTD
- 2.07%
- 6M
- 2.60%
- 1Y
- 6.98%
- 3Y*
- 8.25%
- 5Y*
- —
- 10Y*
- —
NHYB
- 1D
- -0.26%
- 1M
- 1.04%
- YTD
- 1.76%
- 6M
- 2.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XB vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 2.07% | 1.40% |
NHYB Nuveen High Yield Corporate Bond ETF | 1.76% | 1.24% |
Correlation
The correlation between XB and NHYB is 0.81, 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 | 0.81 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XB vs. NHYB — Risk / Return Rank
XB
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XB vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) 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.
| XB | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | — | — |
| Martin ratioReturn relative to average drawdown | 14.09 | — | — |
Loading charts...
Drawdowns
XB vs. NHYB - Drawdown Comparison
The maximum XB drawdown since its inception was -9.25%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for XB and NHYB.
Loading charts...
Drawdown Indicators
| XB | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.25% | -2.40% | -6.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.16% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.36% | — | — |
Current DrawdownCurrent decline from peak | -0.49% | -0.34% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -0.36% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | — | — |
Volatility
XB vs. NHYB - Volatility Comparison
Loading charts...
Volatility by Period
| XB | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 3.65% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.45% | 3.65% | +3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.45% | 3.65% | +3.80% |
XB vs. NHYB - Expense Ratio Comparison
XB has a 0.30% expense ratio, which is higher than NHYB's 0.08% expense ratio.
Dividends
XB vs. NHYB - Dividend Comparison
XB's dividend yield for the trailing twelve months is around 7.06%, more than NHYB's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
NHYB Nuveen High Yield Corporate Bond ETF | 4.25% | 1.28% | 0.00% | 0.00% | 0.00% |
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 7.06% | 6.96% | 7.74% | 7.87% | 5.01% |
Frequently Asked Questions
XB and NHYB have a correlation of 0.81, 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 0.30% for XB.
XB has the higher dividend yield at 7.06%, compared with 4.25% for NHYB.
XB tracks ICE BofA Single-B US Cash Pay High Yield Constrained Index, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: BondBloxx and Nuveen. Their fees differ too: 0.30% for XB and 0.08% for NHYB.
Find the right allocation for XB and NHYB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer