Data as of Oct 28, 2026.
HYS vs NBSD: Differences, Returns & Fees
HYS's duration was 3.6 years on Jun 30, 2026 and NBSD's 2.1 on Jul 31, 2026; NBSD charges 0.35% to HYS's 0.56%.
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Net assets: $1.7bn on Jun 30, 2026 for PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund, and $1.2bn on Jul 31, 2026 for Neuberger Short Duration Income ETF.
Pair scorecard
NBSD costs 0.21 points a year less; their one-year returns differ by 0.9 points.
| Measure | HYS | NBSD |
|---|---|---|
| Return | ||
| Total return, 1 year | +1.4% | +2.3% |
| Benchmark | ||
| What it tracks | ICE BofA 0-5 Year US High Yield Constrained Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.56% | 0.35% |
| Net assets, HYS as of Jun 30, 2026 and NBSD as of Jul 31, 2026 | $1.7bn | $1.2bn |
| Holdings | ||
| Holdings in common | 5% | |
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method
Risk and return
Jul 5, 2024 to Oct 23, 2026 · 120 weekly returns · each against AGGHYS returned more: +13.5% to +11.3%. NBSD swung less: 1.8% to 3.9%. NBSD fell less at its worst: −1.1% to −4.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | HYS | NBSD | AGG | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +13.5% | +11.3% | HYS | Price change plus distributions, reinvested. | |
| Annualized | +5.7% | +4.7% | HYS | Total return as a yearly rate. | |
| Price return | −3.6% | −0.8% | NBSD | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 3.9% | 1.8% | NBSD | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 2.9% | 1.3% | NBSD | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −4.2% | −1.1% | NBSD | Deepest fall from a high to the low after it. | |
| Upside capture | 52.5% | 36.0% | 100.0% | HYS | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 25.8% | 11.3% | 100.0% | NBSD | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.29 | 0.30 | 1.00 | Tie | How far it moves for each 1% its benchmark moves. |
| R squared | 0.12 | 0.63 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.36 | 0.27 | HYS | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.49 | 0.38 | HYS | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.049 | 0.016 | −0.010 | HYS | Return above Treasury bills per unit of beta. |
| Calmar | 1.36 | 4.30 | NBSD | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | AGG | AGG | AGG | The ETF each fund is measured against. | |
| Alpha | +1.7% a year | +0.8% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.69 | 1.06 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −3.2% to +6.5% | −0.7% to +2.2% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.47 | 0.42 | HYS | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.0% | 3.5% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 120 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, HYS and NBSD hold 5% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
5% in common
Only in one fund ↓
Side by side
HYS and NBSD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
HYS and NBSD are built for the same job. How do they differ in cost, holdings and results?
- What each follows. HYS follows ICE BofA 0-5 Year US High Yield Constrained Index and NBSD follows No index, actively managed.
- Holdings in common. 5% of the weight is in the same securities (holdings dated Jun 30, 2026 and Jul 31, 2026).
- Cost. HYS charges 0.56% of assets a year and NBSD 0.35%, a gap of 0.21 points.
Data as of Oct 28, 2026.
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HYS
HYS tracks an index. Over the year to Oct 28, 2026 it returned +1.4% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.56% a year.
NBSD
NBSD is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +2.3% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.35% a year.
Questions people ask
- Which returned more over the last year, HYS or NBSD?
- In the year to Oct 28, 2026, with distributions reinvested, HYS returned +1.4% and NBSD +2.3%.
- Which is cheaper, HYS or NBSD?
- NBSD is cheaper, by 0.21 percentage points a year. That is about $21 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. 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.
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ETFIQ, HYS against NBSD, data as of Oct 28, 2026. https://etfiq.com/compare/any/hys-vs-nbsd
ETFIQ. (Oct 28, 2026). HYS against NBSD. Retrieved from https://etfiq.com/compare/any/hys-vs-nbsd
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