XBB vs. NHYB
XBB (BondBloxx BB Rated USD High Yield Corporate Bond ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - XBB tracks the ICE BofA BB 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 0.78 correlation means they have sometimes moved together and sometimes differently. XBB charges 0.20%/yr vs 0.08%/yr for NHYB.
Performance
XBB vs. NHYB - Performance Comparison
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Returns By Period
In the year-to-date period, XBB achieves a 1.99% return, which is significantly lower than NHYB's 2.60% return.
XBB
- 1D
- 0.32%
- 1M
- 0.01%
- 6M
- 1.26%
- YTD
- 1.99%
- 1Y
- 4.98%
- 3Y*
- 7.70%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.92%
NHYB
- 1D
- 0.35%
- 1M
- 0.28%
- 6M
- 1.97%
- YTD
- 2.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.66M | $1.75M | $2.18M | |
| $2.07M | $6.01M | $9.51M |
XBB vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 1.99% | 1.19% |
NHYB Nuveen High Yield Corporate Bond ETF | 2.60% | 1.24% |
Correlation
The correlation between XBB and NHYB is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.78 |
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Return for Risk
XBB vs. NHYB — Risk / Return Rank
XBB
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XBB vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) 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.
| XBB | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | — | — |
| Martin ratioReturn relative to average drawdown | 7.27 | — | — |
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Drawdowns
XBB vs. NHYB - Drawdown Comparison
The maximum XBB drawdown since its inception was -8.87%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for XBB and NHYB.
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Drawdown Indicators
| XBB | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.87% | -2.40% | -6.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.79% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | 0.00% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -1.29% | -0.35% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | — | — |
Volatility
XBB vs. NHYB - Volatility Comparison
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Volatility by Period
| XBB | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | 3.51% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.00% | 3.51% | +3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.00% | 3.51% | +3.49% |
XBB vs. NHYB - Expense Ratio Comparison
XBB has a 0.20% expense ratio, which is higher than NHYB's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XBB vs. NHYB - Dividend Comparison
XBB's dividend yield for the trailing twelve months is around 5.53%, more than NHYB's 5.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
NHYB Nuveen High Yield Corporate Bond ETF | 5.43% | 1.28% | 0.00% | 0.00% | 0.00% |
XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 5.53% | 5.42% | 6.35% | 6.15% | 3.73% |
Frequently Asked Questions
XBB and NHYB have a correlation of 0.78, 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 0.20% for XBB.
XBB has the higher dividend yield at 5.53%, compared with 5.43% for NHYB.
XBB tracks ICE BofA BB 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: 0.20% for XBB and 0.08% for NHYB.
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