NHYB vs SPY
Nuveen High Yield Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
NHYB has a lower expense ratio. SPY delivered stronger 1-year returns. NHYB offers more diversification with 2,683 holdings.
Side-by-Side Comparison
| Metric | NHYB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.09% | |
| AUM | $1.7B | $821.1B | |
| Dividend Yield | 4.84% | 1.01% | |
| Holdings | 2,683 | 505 | |
| YTD Return | +3.14% | +13.47% | |
| 1Y Return | +4.62% | +20.57% | |
| 3Y Return (annualized) | - | +21.83% | |
| 5Y Return (annualized) | - | +12.88% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -2.4% | -56.5% | |
| Fund Family | Nuveen | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 23, 2025 | Jan 22, 1993 |
NHYB vs SPY Performance
Nuveen High Yield Corporate Bond ETF (NHYB) is a ETF from Nuveen and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NHYB returned +4.62% while SPY returned +20.57%. Year to date, NHYB is up 3.14% versus a gain of 13.47% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.4% for NHYB and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
NHYB charges 0.08% per year while SPY charges 0.09%. On a $10,000 position that is $8 vs $9 annually, a gap of $1 per year that compounds over a long holding period. On income, NHYB currently yields 4.84% against 1.01% for SPY.
Holdings Overlap
NHYB and SPY share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NHYB or SPY?
NHYB has an expense ratio of 0.08% while SPY charges 0.09%. NHYB is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, NHYB or SPY?
Over the past year NHYB returned +4.62% vs +20.57% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between NHYB and SPY?
NHYB and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, NHYB or SPY?
NHYB yields 4.84% while SPY yields 1.01%, so NHYB currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.