NHYB vs USHY: Differences, Returns & Fees
On Jul 31, 2026 NHYB's duration was 3.2 years and USHY's 3.0; both charge 0.08%. Net assets: $1.7bn on Jul 31, 2026 for Nuveen High Yield Corporate Bond ETF, and $25.6bn on Oct 20, 2026 for iShares Broad USD High Yield Corporate Bond ETF.
Both cost 0.08% a year; their one-year returns differ by 0.3 points; USHY is 16.8 times larger.
Points (pts) are percentage points.
| NHYB | USHY | |
|---|---|---|
| Expense ratio | 0.08% | 0.08% |
| Net assets, as of Jul 31, 2026 | $1.7bn | $28.6bn |
| Total return, 1 year | +1.5% | +1.2% |
| What it tracks | ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index | ICE BofA US High Yield Constrained Index |
| Holdings in common | 80% | |
Holdings in common uses holdings dated Jul 31, 2026.
NHYB and USHY 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 USHY follows ICE BofA US High Yield Constrained Index.
- Size. NHYB has $1.7bn in net assets and USHY $28.6bn (net assets, as of Jul 31, 2026); USHY is 16.8 times larger.
- Holdings in common (similar). 80% of the weight is in the same securities (holdings dated Jul 31, 2026).
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 USHY hold 80% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.
half
80% in common
On the same fields
NHYB and USHY 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 USHY
USHY tracks an index of Broad USD High Yield Corporate Bond. Over the year to Oct 20, 2026 it returned +1.2% with distributions reinvested, against +1.1% for its benchmark, the ICE BofA US High Yield Constrained Index, measured by the closely related ICE BofA US High Yield Index.
Questions people ask
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, NHYB against USHY, data as of Oct 20, 2026. https://etfiq.com/compare/any/nhyb-vs-ushy
ETFIQ. (Oct 20, 2026). NHYB against USHY. Retrieved from https://etfiq.com/compare/any/nhyb-vs-ushy
[NHYB against USHY (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/nhyb-vs-ushy)
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