HYG vs NHYB: Differences, Returns & Fees
HYG's duration was 3.0 years on May 31, 2026 and NHYB's 3.2 on Jul 31, 2026; NHYB charges 0.08% to HYG's 0.49%. Net assets: $16.2bn on Oct 20, 2026 for iShares iBoxx $ High Yield Corporate Bond ETF, and $1.7bn on Jul 31, 2026 for Nuveen High Yield Corporate Bond ETF.
NHYB costs 0.41 points a year less; their one-year returns differ by 0.8 points; HYG is 10.1 times larger.
| HYG | NHYB | |
|---|---|---|
| Expense ratio | 0.49% | 0.08% |
| Net assets, as of Jul 31, 2026 | $17.1bn | $1.7bn |
| Total return, 1 year | +0.7% | +1.5% |
| What it tracks | Markit iBoxx USD Liquid High Yield Index | ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index |
| Holdings in common | 69% | |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.
HYG and NHYB are built for the same job. How do they differ in cost, holdings and results?
- What each follows. HYG follows Markit iBoxx USD Liquid High Yield Index and NHYB follows ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index.
- Cost. HYG charges 0.49% of assets a year and NHYB 0.08%, a gap of 0.41 points.
- Size. HYG has $17.1bn in net assets and NHYB $1.7bn (net assets, as of Jul 31, 2026); HYG is 10.1 times larger.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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What they hold in common
By the books each fund has filed, HYG and NHYB hold 69% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jul 31, 2026.
half
69% in common
On the same fields
HYG and NHYB on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About HYG
HYG tracks an index of US high yield bonds. Over the year to Oct 20, 2026 it returned +0.7% with distributions reinvested, against −1.6% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.49% a year.
About NHYB
NHYB tracks an index. Over the year to Oct 20, 2026 it returned +1.5% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.08% a year.
Questions people ask
- Which returned more over the last year, HYG or NHYB?
- In the year to Oct 20, 2026, with distributions reinvested, HYG returned +0.7% and NHYB +1.5%.
- Which is cheaper, HYG or NHYB?
- NHYB is cheaper, by 0.41 percentage points a year. That is about $41 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, HYG against NHYB, data as of Oct 20, 2026. https://etfiq.com/compare/any/hyg-vs-nhyb
ETFIQ. (Oct 20, 2026). HYG against NHYB. Retrieved from https://etfiq.com/compare/any/hyg-vs-nhyb
[HYG against NHYB (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/hyg-vs-nhyb)
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