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 means they have usually moved in the same direction. XB charges 0.30%/yr vs 0.08%/yr for NHYB.
Performance
XB vs. NHYB - Performance Comparison
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Returns By Period
In the year-to-date period, XB achieves a 1.80% return, which is significantly higher than NHYB's 1.66% return.
XB
- 1D
- -0.12%
- 1M
- -0.39%
- 6M
- 1.16%
- YTD
- 1.80%
- 1Y
- 4.86%
- 3Y*
- 7.69%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.35%
NHYB
- 1D
- 0.08%
- 1M
- -0.33%
- 6M
- 0.97%
- YTD
- 1.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $167.90K | $1.52M | $2.75M | |
| $183.81K | $251.05K | $557.25K |
XB vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 1.80% | 1.40% |
NHYB Nuveen High Yield Corporate Bond ETF | 1.66% | 1.24% |
Correlation
The correlation between XB and NHYB is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.81 |
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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 | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | — | — |
| Martin ratioReturn relative to average drawdown | 9.66 | — | — |
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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.
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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 | -0.81% | -0.73% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -0.35% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | — | — |
Volatility
XB vs. NHYB - Volatility Comparison
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Volatility by Period
| XB | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 3.51% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.36% | 3.51% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.36% | 3.51% | +3.85% |
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 4.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
NHYB Nuveen High Yield Corporate Bond ETF | 4.84% | 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 4.84% 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.
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