NHYB vs SHYG: Differences, Returns & Fees
On Jul 31, 2026 NHYB's duration was 3.2 years and SHYG's 2.1; NHYB charges 0.08% to SHYG's 0.30%. Net assets: $1.7bn on Jul 31, 2026 for Nuveen High Yield Corporate Bond ETF, and $7.6bn on Oct 20, 2026 for iShares 0-5 Year High Yield Corporate Bond ETF.
NHYB costs 0.22 points a year less; their one-year returns differ by 0.6 points; SHYG is 4.5 times larger.
| NHYB | SHYG | |
|---|---|---|
| Expense ratio | 0.08% | 0.30% |
| Net assets, as of Jul 31, 2026 | $1.7bn | $7.6bn |
| Total return, 1 year | +1.5% | +2.1% |
| What it tracks | ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index | Markit iBoxx USD Liquid High Yield 0-5 Index |
| Holdings in common | 52% | |
Holdings in common uses holdings dated Jul 31, 2026.
NHYB and SHYG are built for the same job. How do they differ in cost, holdings and results?
- What each follows. NHYB follows ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index and SHYG follows Markit iBoxx USD Liquid High Yield 0-5 Index.
- Cost. NHYB charges 0.08% of assets a year and SHYG 0.30%, a gap of 0.22 points.
- Size. NHYB has $1.7bn in net assets and SHYG $7.6bn (net assets, as of Jul 31, 2026); SHYG is 4.5 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, NHYB and SHYG hold 52% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.
half
52% in common
On the same fields
NHYB and SHYG on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
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.
About SHYG
SHYG tracks an index. Over the year to Oct 20, 2026 it returned +2.1% with distributions reinvested, against −1.6% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.30% a year.
Questions people ask
- Which returned more over the last year, NHYB or SHYG?
- In the year to Oct 20, 2026, with distributions reinvested, NHYB returned +1.5% and SHYG +2.1%.
- Which is cheaper, NHYB or SHYG?
- NHYB is cheaper, by 0.22 percentage points a year. That is about $22 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, NHYB against SHYG, data as of Oct 20, 2026. https://etfiq.com/compare/any/nhyb-vs-shyg
ETFIQ. (Oct 20, 2026). NHYB against SHYG. Retrieved from https://etfiq.com/compare/any/nhyb-vs-shyg
[NHYB against SHYG (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/nhyb-vs-shyg)
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