GHYG vs NJNK: Grades, Fees and Holdings Compared

iShares US & Intl High Yield Corp Bond ETF

GHYGBCboe

Columbia U.S. High Yield ETF

NJNKCNYSE Arca

Overlap

No data

Expense ratio

GHYG −0.06pt a year

GHYG0.40%NJNK0.46%

Avg volume · 30D

GHYG 4.8×the volume

GHYG17.7KNJNK3.67K

GHYG vs NJNK Performance

Oct 31, 2025 – Oct 30, 2026

+0.7%GHYG+2.0%NJNK

Expense ratio: GHYG 0.40%, better; NJNK 0.46%
Fund size: GHYG $186M; NJNK $40M
1Y total return: GHYG +0.7%; NJNK +2.0%, better
Yield (12M): GHYG 6.47%, better; NJNK 6.30%
Holdings: GHYG 1728; NJNK 466
Avg volume (30D): GHYG 17.7K sh, better; NJNK 3.67K sh
NAV per share: GHYG $43.29; NJNK $19.40
52W range

ETF.net Grade

Pillar letters and Scores for GHYG, NJNK, with each pillar’s weight
Pillar	GHYG	NJNK
Cost30% weight	A70Higher	C50
Mission25% weight	A81	A82Higher
Risk15% weight	D38	C49Higher
Tradability15% weight	D38Higher	F5
Holdings10% weight	A99Higher	B66
Durability5% weight	A75Higher	D28

Rank among International High Yield Bond funds

How we build Categories ›

Same Category. GHYG and NJNK are both graded against the same 13 International High Yield Bond funds, so their Grades compare head to head.

International High Yield Bond⁠

Category · 13 funds

See all 13 ›

GHYG ranks 3rd and NJNK 8th of 13 funds in the International High Yield Bond Category.

Rank 1AHYDBiShares High Yield Systematic Bond ETFScore 81
Rank 2ASYFIAB Short Duration High Yield ETFScore 73
Rank 3BGHYGiShares US & Intl High Yield Corp Bond ETFScore 66
Rank 4BHYEMVanEck Emerging Markets High Yield Bond ETFScore 64
Rank 8CFHYSFederated Hermes Short Duration High Yield ETFScore 51
Rank 8CNJNKColumbia U.S. High Yield ETFScore 51
Rank 10CVEMYVirtus Stone Harbor Emerging Markets High Yield Bond ETFScore 43

Our read on each fund

ETF.net Research

GHYGBiShares US & Intl High Yield Corp Bond ETF

NJNKCColumbia U.S. High Yield ETF

In short

GHYG Most junk-bond ETFs stop at the US border. GHYG holds high-yield corporate debt from US and overseas issuers in one wrapper, spread across roughly 1,700 bonds, with income paid monthly.

NJNK Columbia's 2024 arrival in junk bonds: at least 80% in high yield debt from U.S. companies, with room to own unrated paper the manager judges just as good. Income lands monthly. The trade-off is a price tag above the index-tracking heavyweights.

Stated mandate

GHYG The fund seeks to track an index of high-yield corporate bonds issued in the United States and abroad.

NJNK The Fund seeks a high level of current income.

Why people hold it

GHYG Passport included: tracks an index of high-yield corporate bonds issued in the US and abroad, while the biggest names in the category stick to USD-denominated paper.
Roughly 1,700 bonds in the basket, so one issuer's trouble is a rounding error. That breadth is among the strongest in its high-yield peer group.
Pays monthly, and has been running since its 2012 launch, so the record spans a full credit cycle rather than one calm stretch.

NJNK The mandate is specific: at least 80% of net assets in high yield debt issued by U.S. companies, with a stated goal of a high level of current income.
Pays monthly, the cadence most bond-fund owners actually want.
Room to move: the manager can also hold unrated bonds judged comparable in quality to rated high yield, a flexibility written into the prospectus.
What's inside matches what's on the label. The portfolio sits squarely in U.S. high yield corporate credit with no style drift.

Worth knowing

GHYG The 0.40% fee sits right at the high-yield median, but USD-only trackers like SCYB (0.03%) and SPHY (0.05%) charge a fraction. Global reach is the line item you pay for.
Thinly traded with a modest asset base, so bid-ask spreads tend to run wider than the household-name high-yield funds.
This is below-investment-grade credit. Prices move with default worries, and stress in the credit market hits harder here than in a Treasury fund.

NJNK At 0.46%, it costs more than the typical high yield ETF and multiples of the index-tracking leaders: SCYB at 0.03%, SPHY at 0.05%.
It started trading in September 2024 and is still a small, lightly traded fund, so spreads can run wider than at the category's giants.
High yield means below investment grade. These are borrowers that default more often when credit conditions sour, and prices move with that risk.

Full GHYG profile⁠

Full NJNK profile⁠

GHYG vs NJNK Holdings

How GHYG and NJNK differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile77.2%
Asset classFixed Income100%

Sector

No Sector split for NJNK.

Country, concentration and asset class

Country by domicile

Country weights in GHYG and NJNK, widest gap first
Country	More in GHYGMore in NJNK	GHYG	NJNK
United States	NJNK +21.7 points	73.6%	95.3%
France	GHYG +5.8 points	5.9%	0.1%
United Kingdom	GHYG +5.2 points	5.6%	0.3%
Germany	GHYG +3.3 points	3.3%	0.0%
Italy	GHYG +3.1 points	3.1%	0.0%
Japan	GHYG +2.0 points	2.0%	0.0%
Luxembourg	GHYG +1.3 points	1.7%	0.4%
Netherlands	GHYG +1.2 points	1.3%	0.1%
Other countries (6)	NJNK +0.3 points	3.4%	3.7%

Outside the US: GHYG 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

GHYG3.6%
NJNK7.7%

Securities held

GHYG1,718
NJNK333

Asset class

GHYG: Fixed Income
NJNK: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. GHYG holds 1,718 securities, NJNK 333.

All 1,732 GHYG holdings⁠All NJNK holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GHYG vs NJNK Cost

Overpaying NJNK vs GHYG

$1,140

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

GHYG 0.40%
$8,090
NJNK 0.46%
$9,230

Amount$10,000

Years30 years

Cost over time

GHYG 0.40%
NJNK 0.46%
Overpaying

Year by year

Year	GHYG	NJNK	Overpaying
10	$723	$830	$107
20	$2,793	$3,195	$402
30	$8,090	$9,230	$1,140

Expense ratio

0.40%GHYG, cheaper
0.46%NJNK

GHYG0.40%NJNK0.46%

0.35%0.69%

Middle half of International High Yield Bond funds
Median 0.46%

GHYG 3rd cheapest of 13 funds

NJNK 7th cheapest of 13 funds

GHYG vs NJNK Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GHYG 6.47%, better; NJNK 6.30%
Payout (12M): GHYG $2.82; NJNK $1.23
Last payment: GHYG $0.23; NJNK $0.10
Ex-dividend: GHYG Oct 1, 2026; NJNK Oct 1, 2026
Paid on: GHYG Oct 6, 2026; NJNK Oct 5, 2026
Frequency: GHYG Monthly; NJNK Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GHYGMonthly · 45 paymentsAll GHYG payments⁠

NJNKMonthly · 25 paymentsAll NJNK payments⁠

GHYG vs NJNK Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GHYG 5.5%NJNK 3.8%since Oct 2024
Return per unit of riskSharpe ratio, 3 years: GHYG 0.70NJNK 0.08since Oct 2024
Worst fallMax drawdown, 5 years: GHYG −19.7%NJNK −4.5%since Sep 2024
Market sensitivityBeta, 5 years: GHYG 0.74NJNK 0.21; Market = 1

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