YLD vs. NHYB
YLD (Principal Active High Yield ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds. YLD is actively managed, while NHYB is passively managed. A 0.71 correlation means they provide meaningful diversification when combined. YLD charges 0.39%/yr vs 0.08%/yr for NHYB.
Performance
YLD vs. NHYB - Performance Comparison
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Returns By Period
In the year-to-date period, YLD achieves a 3.32% return, which is significantly higher than NHYB's 2.08% return.
YLD
- 1D
- 0.26%
- 1M
- 1.00%
- YTD
- 3.32%
- 6M
- 3.59%
- 1Y
- 7.20%
- 3Y*
- 8.71%
- 5Y*
- 5.07%
- 10Y*
- 5.74%
NHYB
- 1D
- 0.31%
- 1M
- 0.79%
- YTD
- 2.08%
- 6M
- 2.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YLD vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YLD Principal Active High Yield ETF | 3.32% | 0.21% |
NHYB Nuveen High Yield Corporate Bond ETF | 2.08% | 1.24% |
Correlation
The correlation between YLD and NHYB is 0.71, 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 | 0.71 |
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Return for Risk
YLD vs. NHYB — Risk / Return Rank
YLD
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
YLD vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Active High Yield ETF (YLD) 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.
| YLD | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | — | — |
| Martin ratioReturn relative to average drawdown | 12.63 | — | — |
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Drawdowns
YLD vs. NHYB - Drawdown Comparison
The maximum YLD drawdown since its inception was -28.34%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for YLD and NHYB.
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Drawdown Indicators
| YLD | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.34% | -2.40% | -25.94% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.34% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -0.03% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.69% | -0.36% | -2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | — | — |
Volatility
YLD vs. NHYB - Volatility Comparison
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Volatility by Period
| YLD | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 3.66% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 3.66% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.20% | 3.66% | +4.54% |
YLD vs. NHYB - Expense Ratio Comparison
YLD has a 0.39% expense ratio, which is higher than NHYB's 0.08% expense ratio.
Dividends
YLD vs. NHYB - Dividend Comparison
YLD's dividend yield for the trailing twelve months is around 7.24%, more than NHYB's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
YLD Principal Active High Yield ETF | 7.24% | 7.33% | 7.12% | 6.46% | 6.51% | 3.92% | 4.40% | 4.81% | 5.42% | 6.28% | 4.47% | 2.56% |
Frequently Asked Questions
YLD and NHYB have a correlation of 0.71, 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 0.39% for YLD.
YLD has the higher dividend yield at 7.24%, compared with 4.24% for NHYB.
They also come from different issuers: Principal and Nuveen. Their fees differ too: 0.39% for YLD and 0.08% for NHYB.
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